SERDISER

Active

Public limited companyfounded 200223 yrs activeZennestraat 19, 1000 Brussel, BelgiumKBO/BCE: BE 0478.945.121

Summary

The computed 12-month bankruptcy probability of SERDISER is 5.4% (elevated). For SERDISER, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€43,095) and a net result of -€168,799. Equity is shrinking by ~58% per year across the filed fiscal years. Its solvency ranks better than 12% of 387 sector peers (fiscal year 2023). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

SERDISERActive

Risk analysis Report Compare

Activity

Forestry and logging

NACE 02100NACE 02011Holdings NACE 64200

1 site

Size

€837,234total assets 2023

Staff: 1 FTE
Equity: -€43,095
Loss: -€168,799

Financial health

Bankruptcy chance 12 m: 5.4%

2023 figures too old to score

Structure

Accounts 734 d overdue0 of 2 deeds read

Signals- Figures for FY 2023 (filed 09-10-2023)- Liquidity: current ratio 0.12- 3 financial years not filed after the legal deadline; latest accounts 7 days late; 1 of the last 3 late- Two or more financial years not filed+ Sector Forestry and logging (NACE 02)Filed after the deadlineShow the evidence

Checked score

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: At least two filing cycles are missing

Financial strength, FY 2023 · tick = 2022

Weak

Solvency 20-20

equity -5.1% of total assets

Liquidity 31-1

short-term debt 65.4%

Profitability 0-42

return on assets -20.2%

Bankruptcy probability, 12 months

5.4% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (527 companies)

Last 11 months 12-2025: 5.9%highest value 01-2026: 5.8%▼ -0.6% vs 12-2025 02-2026: 5.8%● 0.0% vs 01-2026 03-2026: 5.8%● 0.0% vs 02-2026 04-2026: 5.8%● 0.0% vs 03-2026 05-2026: 5.8%● 0.0% vs 04-2026 06-2026: 5.8%● 0.0% vs 05-2026 07-2026: 5.8%● 0.0% vs 06-2026 08-2026: 5.8%● 0.0% vs 07-2026 09-2026: 5.8%● 0.0% vs 08-2026 10-2026: 5.4%▼ -6.8% vs 09-2026lowest value

Figures for FY 2023 (filed 09-10-2023) raises the probability
Liquidity: current ratio 0.12 raises the probability
3 financial years not filed after the legal deadline; latest accounts 7 days late; 1 of the last 3 late raises the probability
Sector Forestry and logging (NACE 02) lowers the probability

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2023 (filed 09-10-2023)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Liquidity: current ratio 0.12

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

3 financial years not filed after the legal deadline; latest accounts 7 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Sector Forestry and logging (NACE 02)

In the bankruptcy model this factor lowers the probability.

KBO

Two or more financial years not filed

Since the financial year that closed on 28-02-2024, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

28-02-2024 close28-09-2024 deadline02-10-2026 today

Filed after the deadline

The financial year that closed on 28-02-2023 was due by 30-09-2023 and was filed on 05-10-2023, 5 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 filings

Deviation from the deadline

2026

not confirmed

2025

not filed

2024

not filed

2023

5 d late

2022

4 d early

2021

33 d late

2020

26 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

05-10-23 Annual accounts filedfiscal year 2023 · micro…
28-02-23 Weakest financial yearnet -€168,799
26-09-22 Annual accounts filedfiscal year 2022 · micro…

Key points

Risk: Accounts not fileddeadline was 28-09-2024 734 d late View
Risk: Negative equityfiscal year 2023: debts exceed assets -€43,095 View
Risk: 5 loss-making years in a rowloss fiscal year 2023 -€168,799 View
Caution: Among the weakest 5% on net resultsector median €6,029 · 388 companies -€168,799 View
Caution: Result fell in 2023from -€26,231 to -€168,799 ▼ 544% View