Equity
SERCOM paid out €76,355 in dividends. That is 7,284% of the 2025 profit.
SERCOM paid out €76,355 in dividends. That is 7,284% of the 2025 profit.
The result fell in 2025 from €60,927 to €1,048.
The micro format states no turnover.
Short-term debts rose from €52,769 to €91,216.
Seven of the last ten came late. The 2019 accounts came latest: 61 days after the end of the period.
Lower net result than 88% of companies in legal and accounting. Sector median €37,394 · 15,826 companies.
The dashed line is the sector median: < 0.1% across 20,107 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 70% of them on solvency, 20% on liquidity, 18% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,041 companies had the same profile as SERCOM has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SERCOM itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for SERCOM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.17 (3.98 in 2024), above the usual 1.5. Short-term debt is 25.2% and cash 4% of total assets. 27.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SERCOM Oudenaarde | €362,538 | €53,823 | 72.2% | - |
| METEX Ardooie | €292,898 | €50,316 | 58.0% | - |
| CFGR Namur | €325,740 | €43,449 | 35.9% | - |
| Brenver Brenning Roger Kortrijk | €453,550 | €49,818 | 88.6% | - |
| ALMASE Morlanwelz | €417,524 | €48,758 | 95.2% | - |
| VLEBO Oudenaarde | €287,238 | €62,350 | 47.4% | - |
| FISKLAND Oudenaarde | €257,517 | €56,840 | 88.1% | - |
These companies have the same main activity as SERCOM: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €258,000 and €454,000, founded between 1988 and 1995.
SERCOM files the micro format. That format states no turnover. The gross margin rose from €1,880 in 2006 to €53,823 in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €87,000 and €150,000.
Higher than 68% of 15,824 companies in 2025.
Higher than 49% of 15,596 companies in 2025.
Higher than 10% of 15,713 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
362,538 | 415,258 | 354,230 | 358,845 | 345,469 | 331,594 | 258,726 | 161,578 | 113,475 | 84,386 | 47,069 | 77,183 | 84,474 | 91,586 | 30,678 | 14,747 | 7,131 | 8,788 | 8,625 | 11,301 | |
21/28 |
164,617 | 205,252 | 158,856 | 198,407 | 224,517 | 241,322 | 184,523 | 106,165 | 45,541 | 16,124 | 20,727 | 31,228 | 41,109 | 52,157 | 25,206 | 7,306 | 4,333 | 4,799 | 4,322 | 4,777 | |
22/27 |
164,617 | 205,252 | 158,856 | 198,407 | 224,517 | 241,322 | 184,523 | 106,165 | 45,541 | 16,124 | 20,727 | 31,228 | 41,109 | 52,157 | 25,206 | 7,306 | 4,333 | 4,799 | 4,322 | 4,777 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | 5,670 | - | - | - | - | - | - | - | - | |
23 |
- | - | - | - | - | - | - | - | - | 1,155 | 2,309 | 3,463 | 4,618 | - | - | - | - | - | - | - | |
24 |
61,499 | 87,324 | 34,055 | 60,963 | 79,660 | 82,319 | 65,561 | 3,427 | 7,140 | 6,176 | 8,446 | 22,095 | 36,491 | 52,157 | 25,206 | 7,306 | 4,333 | 4,799 | 4,322 | 4,777 | |
26 |
103,118 | 117,928 | 124,802 | 137,444 | 144,857 | 159,003 | 118,963 | 102,738 | 38,402 | 8,794 | 9,972 | - | - | - | - | - | - | - | - | - | |
29/58 |
197,921 | 210,006 | 195,374 | 160,438 | 120,952 | 90,272 | 74,203 | 55,413 | 67,933 | 68,262 | 26,342 | 45,955 | 43,365 | 39,429 | 5,472 | 7,441 | 2,797 | 3,989 | 4,303 | 6,524 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 825 | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 825 | |
40/41 |
49,596 | 32,587 | 31,218 | 19,502 | 32,923 | 29,351 | 44,607 | 40,169 | 3,034 | 15,967 | 3,443 | 17,171 | 15,147 | 13,744 | 2,269 | 1,906 | 1,089 | 1,410 | 1,005 | 921 | |
40 |
20,000 | 25,489 | 24,063 | 18,778 | 30,994 | 29,342 | 17,569 | 14,987 | - | 15,958 | 2,488 | 16,998 | 15,147 | 13,744 | 1,198 | 1,906 | 1,089 | 1,404 | 999 | 605 | |
41 |
29,596 | 7,098 | 7,154 | 724 | 1,929 | 10 | 27,038 | 25,182 | 3,034 | 9 | 955 | 173 | - | - | 1,071 | - | - | 6 | 6 | 316 | |
50/53 |
130,839 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
14,413 | 173,539 | 162,295 | 138,859 | 86,019 | 53,703 | 27,774 | 13,264 | 62,995 | 50,450 | 22,697 | 28,784 | 28,217 | 25,685 | 3,203 | 5,535 | 1,708 | 2,579 | 3,298 | 4,778 | |
490/1 |
3,073 | 3,880 | 1,861 | 2,077 | 2,010 | 7,218 | 1,822 | 1,980 | 1,904 | 1,844 | 201 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
362,538 | 415,258 | 354,230 | 358,845 | 345,469 | 331,594 | 258,726 | 161,578 | 113,475 | 84,386 | 47,069 | 77,183 | 84,474 | 91,586 | 30,678 | 14,747 | 7,131 | 8,788 | 8,625 | 11,301 | |
10/15 |
261,627 | 336,934 | 326,303 | 310,187 | 255,913 | 199,093 | 130,899 | 104,544 | 85,974 | 43,541 | 9,539 | 5,741 | 6,451 | -22,227 | -28,263 | -25,141 | -25,646 | -27,666 | -30,727 | -29,950 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
11 |
- | - | - | - | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
243,035 | 318,342 | 307,711 | 291,595 | 237,321 | 180,501 | 112,307 | 85,952 | 67,382 | 24,949 | 1,859 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | 7,301 | |
1311 |
- | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 35,656 | 17,380 | - | - | - | - | - | - | - | - | - | - | |
133 |
207,379 | 282,686 | 272,055 | 254,080 | 199,806 | 142,986 | 74,792 | 48,437 | 29,868 | 5,711 | - | - | - | - | - | - | - | - | - | - | |
14 |
0 | 0 | - | - | - | - | - | - | - | - | -10,912 | -20,152 | -19,442 | -48,120 | -54,156 | -51,034 | -51,539 | -53,560 | -56,620 | -55,843 | |
17/49 |
100,912 | 78,324 | 27,927 | 48,659 | 89,557 | 132,501 | 127,827 | 57,034 | 27,500 | 40,845 | 37,530 | 71,442 | 78,023 | 113,813 | 58,941 | 39,888 | 32,776 | 36,454 | 39,352 | 41,251 | |
17 |
9,551 | 25,411 | - | - | 3,407 | 16,952 | 30,367 | - | - | - | - | 4,988 | 13,215 | 21,116 | - | - | - | - | - | - | |
170/4 |
9,551 | 25,411 | - | - | 3,407 | 16,952 | 30,367 | - | - | - | - | 4,988 | 13,215 | 21,116 | - | - | - | - | - | - | |
42/48 |
91,216 | 52,769 | 27,927 | 48,659 | 86,150 | 115,549 | 97,460 | 57,034 | 27,500 | 40,845 | 37,530 | 63,433 | 64,807 | 92,697 | 58,941 | 39,888 | 32,776 | 36,454 | 39,352 | 41,251 | |
42 |
15,859 | 15,231 | - | 3,407 | 13,545 | 13,415 | 13,284 | - | - | - | 4,938 | 8,182 | 7,901 | 7,670 | - | - | - | - | - | - | |
44 |
4,634 | 2,810 | 5,292 | 1,420 | 966 | 1,551 | 13,826 | 16,606 | 609 | 4,554 | - | 5,266 | 1,514 | 672 | 532 | 1,498 | 1,353 | 284 | 850 | 739 | |
440/4 |
4,634 | 2,810 | 5,292 | 1,420 | 966 | 1,551 | 13,826 | 16,606 | 609 | 4,554 | - | 5,266 | 1,514 | 672 | 532 | 1,498 | 1,353 | 284 | 850 | 739 | |
45 |
20,723 | 15,874 | 12,099 | 13,497 | 32,647 | 39,599 | 8,349 | 2,679 | 1,902 | 18,978 | 12,695 | 28,633 | 25,961 | 13,424 | 698 | 581 | 514 | 693 | 380 | - | |
450/3 |
20,723 | 15,874 | 12,099 | 13,497 | 32,647 | 39,599 | 8,349 | 2,679 | 1,902 | 18,978 | 12,695 | 28,633 | 25,961 | 13,424 | 698 | 581 | 514 | 693 | 380 | - | |
47/48 |
50,000 | 18,854 | 10,536 | 30,335 | 38,992 | 60,984 | 62,000 | 37,748 | 24,989 | 17,313 | 19,897 | 21,352 | 29,432 | 70,931 | 57,711 | 37,810 | 30,910 | 35,477 | 38,122 | 40,512 | |
492/3 |
144 | 144 | - | - | - | - | - | - | - | - | - | 3,021 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
0 | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
53,823 | 152,831 | 83,829 | 137,872 | 128,918 | 154,383 | 74,249 | 50,540 | 77,766 | 60,226 | 33,585 | 26,179 | 70,154 | 36,668 | 4,943 | 1,377 | 2,889 | 4,358 | 949 | 1,880 | |
630 |
40,635 | 34,839 | 41,337 | 40,915 | 37,338 | 28,921 | 27,070 | 12,238 | 11,230 | 6,032 | 21,890 | 20,044 | 18,642 | 17,123 | 6,301 | 466 | 466 | 920 | 454 | 6,311 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 825 | - | |
640/8 |
2,094 | 14,734 | 3,169 | 2,699 | 3,159 | 2,694 | 2,897 | 7,588 | 2,159 | 1,214 | 841 | 1,451 | 1,931 | 1,846 | 1,110 | 394 | 395 | 376 | 477 | 518 | |
66A |
- | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | |
9901 |
11,094 | 103,258 | 39,323 | 94,258 | 88,421 | 122,769 | 44,282 | 30,715 | 64,378 | 52,980 | 10,854 | 4,684 | 49,581 | 17,699 | -2,469 | 517 | 2,029 | 3,061 | -807 | -4,949 | |
75/76B |
1,697 | 11 | 2 | 0 | 5 | 10 | 16 | 1 | 0 | 15 | 5 | 22 | 35 | 25 | 85 | 9 | 19 | 24 | 42 | 46 | |
75 |
1,697 | 11 | 2 | 0 | 5 | 10 | 16 | 1 | 0 | 15 | 5 | 22 | 35 | 25 | 85 | 9 | 19 | 24 | 42 | 46 | |
65/66B |
1,568 | 1,013 | 321 | 341 | 435 | 571 | 492 | 160 | 113 | 475 | 469 | 910 | 1,188 | 702 | 27 | 20 | 27 | 21 | 23 | 30 | |
65 |
1,568 | 1,013 | 321 | 341 | 435 | 571 | 492 | 160 | 113 | 475 | 469 | 910 | 1,188 | 702 | 27 | 20 | 27 | 21 | 23 | 30 | |
9903 |
11,223 | 102,256 | 39,003 | 93,917 | 87,992 | 122,208 | 43,806 | 30,555 | 64,266 | 52,521 | 10,391 | 3,796 | 48,428 | 17,022 | -2,411 | 506 | 2,021 | 3,064 | -788 | -4,933 | |
67/77 |
10,175 | 41,329 | 22,887 | 38,043 | 35,071 | 52,414 | 15,827 | 10,386 | 21,641 | 18,518 | 6,593 | 4,505 | 19,750 | 5,986 | 710 | 1 | - | 4 | -11 | 7 | |
9904 |
1,048 | 60,927 | 16,116 | 55,874 | 52,921 | 69,794 | 27,979 | 20,169 | 42,624 | 34,003 | 3,798 | -709 | 28,678 | 11,036 | -3,122 | 504 | 2,021 | 3,061 | -777 | -4,940 | |
689 |
- | - | - | - | - | - | - | - | 18,750 | 17,380 | - | - | - | - | - | - | - | - | - | - | |
9905 |
1,048 | 60,927 | 16,116 | 55,874 | 52,921 | 69,794 | 27,979 | 20,169 | 23,874 | 16,623 | 3,798 | -709 | 28,678 | 11,036 | -3,122 | 504 | 2,021 | 3,061 | -777 | -4,940 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
1,048 | 60,927 | 16,116 | 55,874 | 52,921 | 69,794 | 27,979 | 20,169 | 23,874 | 5,711 | -16,354 | -20,152 | -19,442 | -43,120 | -54,156 | -51,034 | -51,539 | -53,560 | -56,620 | -55,843 | |
791/2 |
76,355 | 50,296 | - | - | - | - | - | - | - | 1,859 | 5,442 | - | - | - | - | - | - | - | - | - | |
691/2 |
1,048 | 60,927 | 16,116 | 54,274 | 51,321 | 68,194 | 26,355 | 18,569 | 23,874 | 7,570 | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | |
6921 |
1,048 | 60,927 | 16,116 | 54,274 | 51,321 | 68,194 | 26,355 | 18,569 | 23,874 | 5,711 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
76,355 | 50,296 | - | 1,600 | 1,600 | 1,600 | 1,624 | 1,600 | - | - | - | - | - | 5,000 | - | - | - | - | - | - | |
694 |
76,355 | 50,296 | - | 1,600 | 1,600 | 1,600 | 1,624 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,000 | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00352964 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00179493 | |
| 31-12-2023 | micro format | 04-09-2024 | 2024-00446060 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00271459 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20315150 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56800593 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57600114 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-58600092 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57400145 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-54500111 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53600531 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-31600538 | |
| 31-12-2013 | abbreviated format | 14-07-2014 | 2014-29900186 | |
| 31-12-2012 | abbreviated format | 25-10-2013 | 2013-63800472 | |
| 31-12-2011 | abbreviated format | 02-07-2012 | 2012-24000127 | |
| 31-12-2010 | abbreviated format | 30-06-2011 | 2011-23300250 | |
| 31-12-2009 | abbreviated format | 28-06-2010 | 2010-23000506 | |
| 31-12-2008 | abbreviated format | 29-06-2009 | 2009-33100353 | |
| 31-12-2007 | abbreviated format | 07-07-2008 | 2008-36900377 | |
| 31-12-2006 | abbreviated format | 02-07-2007 | 2007-33400222 | |
| 31-12-2005 | abbreviated format | 03-07-2006 | 2006-40505141 | |
| 31-12-2004 | abbreviated format | 26-09-2005 | 2005-71004716 | |
| 31-12-2003 | abbreviated format | 06-07-2004 | 2004-40703917 | |
| 31-12-2002 | abbreviated format | 15-07-2003 | 2003-44500135 | |
| 31-12-2001 | abbreviated format | 12-07-2002 | 2002-37600394 | |
| 31-12-2000 | abbreviated format | 10-07-2001 | 2001-36203966 | |
| 31-12-1999 | abbreviated format | 29-08-2000 | 2000-53502305 | |
| 31-12-1998 | abbreviated format | 01-07-1999 | 1999-28704229 | |
| 31-12-1997 | abbreviated format | 07-07-1998 | 1998-30504231 | |
| 31-12-1996 | abbreviated format | 27-06-1997 | 1997-20903287 | |
| 31-12-1995 | abbreviated format | 28-06-1996 | 1996-23901110 | |
| 31-12-1994 | abbreviated format | 20-06-1995 | 1995-25904294 | |
| 31-12-1993 | abbreviated format | 12-08-1994 | 1994-35704667 | |
| 31-12-1992 | abbreviated format | 17-08-1993 | 1993-32303133 | |
| 31-12-1991 | abbreviated format | 05-06-1992 | 1992-08903808 | |
| 31-12-1990 | abbreviated format | 24-05-1991 | 1991-06105029 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 51,729 | 138,097 | 80,660 | 135,173 | 125,759 | 151,689 | 71,352 | 42,952 | 75,608 | 59,012 | 32,744 | 24,728 | 68,223 | 34,822 | 3,833 | 982 | 2,495 | 3,982 | -353 | 1,362 | ||
| 41,683 | 95,766 | 57,453 | 96,789 | 90,259 | 98,715 | 55,049 | 32,407 | 53,854 | 40,034 | 25,687 | 19,335 | 47,319 | 28,159 | 3,180 | 970 | 2,486 | 3,981 | -323 | 1,371 | ||
| 0 | 81,235 | 1,786 | 14,805 | 20,533 | 85,720 | 105,428 | 72,861 | 40,647 | 1,429 | 11,389 | 10,163 | 7,593 | 44,074 | 24,201 | 7,306 | 0 | 1,397 | -1 | 1,364 | ||
| -159,127 | 11,244 | 23,436 | 52,840 | 32,317 | 25,929 | 14,510 | -49,731 | 12,544 | 27,753 | -6,087 | 567 | 2,532 | 22,482 | -2,332 | 3,827 | -871 | -719 | -1,480 | - | ||
| 106,705 | 157,236 | 167,447 | 111,780 | 34,803 | -25,277 | -23,257 | -1,621 | 40,433 | 27,417 | -11,188 | -17,477 | -21,443 | -53,268 | -53,469 | -32,447 | -29,979 | -32,465 | -35,049 | -34,727 | ||
| 72.2% | 81.1% | 92.1% | 86.4% | 74.1% | 60.0% | 50.6% | 64.7% | 75.8% | 51.6% | 20.3% | 7.4% | 7.6% | -24.3% | -92.1% | -170.5% | -359.7% | -314.8% | -356.3% | -265.0% | ||
| 2.17 | 3.98 | 7.00 | 3.30 | 1.40 | 0.78 | 0.76 | 0.97 | 2.47 | 1.67 | 0.70 | 0.72 | 0.67 | 0.43 | 0.09 | 0.19 | 0.09 | 0.11 | 0.11 | 0.16 | ||
| 2.17 | 3.98 | 7.00 | 3.30 | 1.40 | 0.78 | 0.76 | 0.97 | 2.47 | 1.67 | 0.70 | 0.72 | 0.67 | 0.43 | 0.09 | 0.19 | 0.09 | 0.11 | 0.11 | 0.14 | ||
| 0.39 | 0.23 | 0.09 | 0.16 | 0.35 | 0.67 | 0.98 | 0.55 | 0.32 | 0.94 | 3.93 | 12.44 | 12.09 | - | - | - | - | - | - | - | ||
| 0.4% | 18.1% | 4.9% | 18.0% | 20.7% | 35.1% | 21.4% | 19.3% | 49.6% | 78.1% | 39.8% | -12.4% | 444.6% | - | - | - | - | - | - | - | ||
| 0.3% | 14.7% | 4.5% | 15.6% | 15.3% | 21.0% | 10.8% | 12.5% | 37.6% | 40.3% | 8.1% | -0.9% | 33.9% | 12.0% | -10.2% | 3.4% | 28.3% | 34.8% | -9.0% | -43.7% | ||
| 32.99 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €81,235 | €1,786 | €14,805 | €20,533 |
| €40,635 | €34,839 | €41,337 | €40,915 | €37,338 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 89% lower than in 2024 and the lowest since 2015.
Debt's share of the balance-sheet total rises from 18.9% to 27.8%. Equity is lower and debt is higher.
SERCOM has no parent and no holdings in its annual accounts.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Dijkstraat 61 registered office 9700 Oudenaarde | ||
| Steenstraat 14 9630 Zwalm 6920101 Certified accountants and tax accountants | 30-03-1990 | 2.047.739.878 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45049A0377/00D000 | 2,239 m² | 1 · 387 m² | 8.6 m · 2 |
| 45035A0125/00V000 | 186 m² | 1 · 82 m² | 10.8 m · 2 |
If something looks wrong or is missing, please tell us.