SERDAR
ActiveThe computed 12-month bankruptcy probability of SERDAR is 3.2% (moderate). The 2024 annual accounts show equity of €109k and a net result of €-14k. Equity is growing by ~53.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 26048 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability11▼-73
Solvency75▲+16
Growth60▼-17
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.51 in 2023; short-term debt: 50.1% and cash: 21.8% of total assets), but 50.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.9%
Return on assets
-6.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€1.24M▲ 7.2%
2021 · €1.16M
2020: €983k
2021: €1.16M
2020 → 2022
EBIT margin
2.9%▼ 2.6pp
2021 · 5.5%
2020: -0.4%
2021: 5.5%
2020 → 2022
Net result
€-14k
2023 · €45k
2020: €-10k
2021: €46k
2022: €22k
2023: €45k
2020 → 2024
Working capital
€77k▼ 36.7%
2023 · €121k
2020: €9k
2021: €59k
2022: €72k
2023: €121k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€983k-€1.16M▲ 17.9%€1.24M▲ 7.2%
Equity€10k-€56k▲ 470%€78k▲ 39.7%€123k▲ 58.4%€109k▼ 11.5%
Operating result€-3k-€64k€36k▼ 44.1%€67k▲ 88.1%€-14k
Net result€-10k-€46k€22k▼ 51.9%€45k▲ 106%€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14k after €67k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €218k
Fixed assets
€32k▲ 1,657%
Current assets
€186k▼ 48.2%
Equity and liabilities €218k
Equity
€109k▼ 11.5%
Debt
€109k▼ 54.1%
The debt ratio falls from 65.9% to 50.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2023 · €69k
Cash flow
€-9k▼
2023 · €47k
Solvency
49.9%▲
2023 · 34.1%
Current ratio
1.70▲
2023 · 1.51
Quick ratio
1.46▼
2023 · 1.51
Debt / equity
1.00▼
2023 · 1.94
ROE
-13.0%▼
2023 · 36.9%
ROA
-6.5%▼
2023 · 12.6%
Interest coverage
-35.16▼
2023 · 10.28
Debt
€109k▼
2023 · €238k
Debt ≤ 1 year
€109k▼
2023 · €238k
Income taxes
€33▼
2023 · €15k
Staff costs
€26k▼
2023 · €123k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€361k€218k▼
Fixed assets21/28€2k€32k▲
Intangible fixed assets21-€22k
Tangible fixed assets22/27€2k€10k▲
Plant, machinery and equipment23€605€2k▲
Furniture and vehicles24€578€8k▲
Other tangible fixed assets26€645€282▼
Assets under construction and advance payments27-€0
Current assets29/58€359k€186k▼
Stocks and contracts in progress3€0€27k▲
Stocks30/36€0€27k▲
Amounts receivable within one year40/41€175k€111k▼
Trade receivables40€33k€1k▼
Other amounts receivable41€142k€110k▼
Cash at bank and in hand54/58€184k€48k▼
Equity and liabilities
Total equity and liabilities10/49€361k€218k▼
Equity10/15€123k€109k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€103k€89k▼
Amounts payable17/49€238k€109k▼
Amounts payable within one year42/48€238k€109k▼
Trade debts44€202k€82k▼
Suppliers440/4€202k€82k▼
Taxes, remuneration and social security45€36k€27k▼
Taxes450/3€24k€18k▼
Remuneration and social security454/9€12k€9k▼
Other amounts payable47/48€0€0=
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€123k€26k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€6k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€195k€21k▼
Operating profit (loss)9901€67k€-14k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€7k€236▼
Recurring financial charges65€7k€236▼
Profit (loss) for the period before taxes9903€61k€-14k▼
Income taxes67/77€15k€33▼
Profit (loss) for the period9904€45k€-14k▼
Profit (loss) for the period to be appropriated9905€45k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€103k€89k▼
Profit (loss) brought forward from the previous period14P€58k€103k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-14k ▼131%
Net result drops to €-14k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €100kEq €123k ▲58.4%
3 profitable years in a row build equity to €123k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Visé · 2 establishment units since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Mathieu Steenebrugen(CHE) 124602 ViséGround area
958 m²
Building footprint
295 m²
Volume, LiDAR
1,695 m³
2 parcels, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
NURI BABA SUPERMARKET 2
since 20192.295.442.147
NURI BABA FRUITS ET LEGUMES
since 20262.384.050.459
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62024A0772/00H002 | Wallonia | 511 m² | 1 · 105 m² | 6.2 m · 1 fl. |
| 62113A1045/00Y000 | Wallonia | 447 m² | 1 · 190 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLiège2.384.050.459
Visé2.295.442.147
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Of 10,524 companies in sector 47110 we hold annual accounts for 5,859. 4,616 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2019
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
47210Retail sale of fruit and vegetables
47241Retail sale of bread and pastry (bakery outlets)
47260Retail trade
47279Other retail sale of food
47400Retail sale of information and communication equipment
47420Retail trade
47783Retail trade
47784Retail trade
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.