SERCOVER
ActiveSummary
SERCOVER has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €5k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 10.82 against 4.32 in 2024; short-term debt: 9% and cash: 90.5% of total assets), and 9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91%
Return on assets
7.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
29 d early
2023
34 d early
2022
7 d late
2021
96 d early
2020
122 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▲ 8.6%
2024 · €61k
2018: €45klowest in 8 years
2019: €47k▲ +4.4% vs 2018
2020: €47k▲ +0.1% vs 2019
2021: €47k▼ -0.4% vs 2020
2022: €49k▲ +4.6% vs 2021
2023: €51k▲ +3.9% vs 2022
2024: €61k▲ +19.1% vs 2023
2025: €66k▲ +8.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€72k▼ 7.4%
2024 · €78k
2018: €66k
2019: €67k▲ +0.9% vs 2018
2020: €70k▲ +4.8% vs 2019
2021: €66k▼ -5.6% vs 2020lowest in 8 years
2022: €69k▲ +3.8% vs 2021
2023: €72k▲ +5.2% vs 2022
2024: €78k▲ +8.4% vs 2023highest in 8 years
2025: €72k▼ -7.4% vs 2024
2018 → 2025
Net result
€5k▼ 46.1%
2024 · €10k
2018: €576
2019: €2k▲ +242% vs 2018
2020: €53▼ -97.3% vs 2019
2021: €-166▼ -414% vs 2020lowest in 8 years
2022: €2k▲ +1392% vs 2021
2023: €2k▼ -11.1% vs 2022
2024: €10k▲ +410% vs 2023highest in 8 years
2025: €5k▼ -46.1% vs 2024
2018 → 2025
Working capital
€64k▲ 10.0%
2024 · €58k
2018: €42klowest in 8 years
2019: €45k▲ +7.6% vs 2018
2020: €46k▲ +2.0% vs 2019
2021: €46k▲ +0.8% vs 2020
2022: €49k▲ +5.8% vs 2021
2023: €51k▲ +4.5% vs 2022
2024: €58k▲ +14.3% vs 2023
2025: €64k▲ +10.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€49k▲ 4.6%€51k▲ 3.9%€61k▲ 19.1%€66k▲ 8.6%
2021: €47klowest in 5 years
2022: €49k▲ +4.6% vs 2021
2023: €51k▲ +3.9% vs 2022
2024: €61k▲ +19.1% vs 2023
2025: €66k▲ +8.6% vs 2024highest in 5 years
Operating result€2k-€5k▲ 202%€6k▲ 25.3%€16k▲ 153%€9k▼ 44.5%
2021: €2klowest in 5 years
2022: €5k▲ +202% vs 2021
2023: €6k▲ +25.3% vs 2022
2024: €16k▲ +153% vs 2023highest in 5 years
2025: €9k▼ -44.5% vs 2024
Net result€-166-€2k€2k▼ 11.1%€10k▲ 410%€5k▼ 46.1%
2021: €-166lowest in 5 years
2022: €2k▲ +1392% vs 2021
2023: €2k▼ -11.1% vs 2022
2024: €10k▲ +410% vs 2023highest in 5 years
2025: €5k▼ -46.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€2k ▼ 25.0%
Current assets
€71k ▼ 6.8%
Equity and liabilities €72k
Equity
€66k ▲ 8.6%
Debt
€7k ▼ 62.8%
Debt's share of the balance-sheet total falls from 22.4% to 9.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €17k
Cash flow
€6k▼
2024 · €10k
Current ratio
10.82▲
2024 · 4.32
Debt to equity
0.10▼
2024 · 0.29
ROE
7.9%▼
2024 · 16.0%
ROA
7.2%▼
2024 · 12.4%
Interest coverage
8.19▼
2024 · 12.06
Debt ≤ 1 year
€7k▼
2024 · €18k
Income taxes
€3k▼
2024 · €5k
Staff costs
€221▼
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€78k€72k▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Current assets29/58€76k€71k▼
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€5k€4k▼
Other amounts receivable41€691€833▲
Cash at bank and in hand54/58€70k€66k▼
Equity and liabilities
Total equity and liabilities10/49€78k€72k▼
Equity10/15€61k€66k▲
Contributions10/11€20k€20k=
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€14k€19k▲
Amounts payable17/49€18k€7k▼
Amounts payable within one year42/48€18k€7k▼
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€7k€853▼
Income statement
Code20242025
Remuneration, social security and pensions62€25k€221▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€603€603=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€43k€12k▼
Operating profit (loss)9901€16k€9k▼
Financial income75/76B-€9
Recurring financial income75-€9
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€15k€8k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€10k€5k▼
Profit (loss) for the period to be appropriated9905€10k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€19k▲
Profit (loss) brought forward from the previous period14P€4k€14k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €60k | €60k | €60k | €25k | €221 | ▼ 99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €550 | €550 | €300 | €603 | €603 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-888 | - | - | - | - | - |
| Other operating charges640/8 | €3k | €1k | €1k | €1k | €2k | ▲ 65.6% |
| Gross operating margin9900 | €64k | €67k | €68k | €43k | €12k | ▼ 72.0% |
| Operating profit (loss)9901 | €2k | €5k | €6k | €16k | €9k | ▼ 44.5% |
| Financial income75/76B | - | €1 | - | - | €9 | - |
| Recurring financial income75 | - | €1 | - | - | €9 | - |
| Financial charges65/66B | €1k | €1k | €1k | €1k | €1k | ▼ 15.8% |
| Recurring financial charges65 | €1k | €1k | €1k | €1k | €1k | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €630 | €4k | €5k | €15k | €8k | ▼ 47.1% |
| Income taxes67/77 | €796 | €2k | €3k | €5k | €3k | ▼ 48.9% |
| Profit (loss) for the period9904 | €-166 | €2k | €2k | €10k | €5k | ▼ 46.1% |
| Profit (loss) for the period to be appropriated9905 | €-166 | €2k | €2k | €10k | €5k | ▼ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €69k | €72k | €78k | €72k | ▼ 7.4% |
| Fixed assets21/28 | €850 | €300 | - | €2k | €2k | ▼ 25.0% |
| Tangible fixed assets22/27 | €850 | €300 | - | €2k | €2k | ▼ 25.0% |
| Plant, machinery and equipment23 | €850 | €300 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €2k | €2k | ▼ 25.0% |
| Current assets29/58 | €65k | €68k | €72k | €76k | €71k | ▼ 6.8% |
| Amounts receivable within one year40/41 | €11k | €15k | €10k | €6k | €5k | ▼ 14.4% |
| Trade receivables40 | €11k | €15k | €10k | €5k | €4k | ▼ 19.0% |
| Other amounts receivable41 | €204 | €204 | - | €691 | €833 | ▲ 20.5% |
| Cash at bank and in hand54/58 | €54k | €53k | €63k | €70k | €66k | ▼ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €69k | €72k | €78k | €72k | ▼ 7.4% |
| Equity10/15 | €47k | €49k | €51k | €61k | €66k | ▲ 8.6% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €28k | €28k | €26k | €26k | €26k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €26k | €26k | €26k | €26k | €26k | = |
| Profit (loss) carried forward14 | €443 | €3k | €4k | €14k | €19k | ▲ 36.8% |
| Amounts payable17/49 | €19k | €20k | €21k | €18k | €7k | ▼ 62.8% |
| Amounts payable within one year42/48 | €19k | €20k | €21k | €18k | €7k | ▼ 62.8% |
| Trade debts44 | €2k | €2k | €2k | €5k | €5k | ▼ 14.6% |
| Suppliers440/4 | €2k | €2k | €2k | €5k | €5k | ▼ 14.6% |
| Taxes, remuneration and social security45 | €12k | €14k | €13k | €5k | €1k | ▼ 79.7% |
| Taxes450/3 | €4k | €6k | €4k | €5k | €1k | ▼ 79.7% |
| Remuneration and social security454/9 | €8k | €8k | €8k | - | - | - |
| Other amounts payable47/48 | €5k | €3k | €6k | €7k | €853 | ▼ 87.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-166 | €2k | €2k | €10k | €5k | ▼ 46.1% |
| + Depreciation and write-downs630 | €550 | €550 | €300 | €603 | €603 | = |
| Operating cash flow (approximation) | €385 | €3k | €2k | €10k | €6k | ▼ 43.4% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | - |
| Change in cash | - | €-2k | €10k | €7k | €-4k | ▼ 160% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 10.82
Current ratio from 4.32 to 10.82; short-term debt falls from €18k to €7k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €10k ▲410%
Operating result €16k, net result €10k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-166
Net result drops to €-166, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sivry-Rance · 1 establishment unit since 1996
Ground area
2,639 m²
Building footprint
114 m²
Volume, LiDAR
1,010 m³
Parcel 56061D0202/00D002, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue du Commerce 2, 6470 Sivry-Rance
since 19962.232.678.791
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56061D0202/00D002 | Wallonia | 2,639 m² | 1 · 114 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
norbert.vereecke@skynet.beSivry-Rance
Phone
060/41.24.00Sivry-Rance
Scores and ratios are computed by Checked and are not a credit decision.