SERDOE
ActiveSERDOE has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €38k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 401 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▼-10
Solvency100▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 1.88 in 2024), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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
65.1%
Return on assets
11.7%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
on the day
2023
98 d early
2022
40 d early
2021
6 d early
2020
12 d late
2019
36 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▲ 18.8%
2024 · €177k
2018: €33k
2019: €56k
2020: €61k
2021: €105k
2022: €120k
2023: €153k
2024: €177k
2018 → 2025
Total assets
€322k▲ 1.7%
2024 · €317k
2018: €79k
2019: €98k
2020: €101k
2021: €173k
2022: €202k
2023: €254k
2024: €317k
2018 → 2025
Net result
€38k▼ 19.4%
2024 · €47k
2018: €19k
2019: €23k
2020: €5k
2021: €59k
2022: €25k
2023: €46k
2024: €47k
2018 → 2025
Working capital
€172k▲ 39.1%
2024 · €124k
2018: €26k
2019: €50k
2020: €56k
2021: €102k
2022: €55k
2023: €85k
2024: €124k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€105k-€120k▲ 13.9%€153k▲ 27.5%€177k▲ 15.6%€210k▲ 18.8%
Operating result€79k-€34k▼ 57.3%€66k▲ 94.4%€72k▲ 9.9%€60k▼ 17.5%
Net result€59k-€25k▼ 58.5%€46k▲ 85.0%€47k▲ 2.9%€38k▼ 19.4%
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 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322k
Fixed assets
€38k▼ 28.7%
Current assets
€284k▲ 7.8%
Equity and liabilities €322k
Equity
€210k▲ 18.8%
Debt
€112k▼ 19.9%
The debt ratio falls from 44.2% to 34.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€75k▼
2024 · €87k
Cash flow
€53k▼
2024 · €62k
Solvency
65.1%▲
2024 · 55.8%
Current ratio
2.53▲
2024 · 1.88
Quick ratio
2.53▲
2024 · 1.88
Debt / equity
0.53▼
2024 · 0.79
ROE
18.0%▼
2024 · 26.6%
ROA
11.7%▼
2024 · 14.8%
Interest coverage
10.81▼
2024 · 12.23
Debt
€112k▼
2024 · €140k
Debt ≤ 1 year
€112k▼
2024 · €140k
Income taxes
€15k▼
2024 · €18k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€317k€322k▲
Fixed assets21/28€53k€38k▼
Tangible fixed assets22/27€53k€38k▼
Land and buildings22€10k€10k▼
Furniture and vehicles24€38k€25k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€264k€284k▲
Amounts receivable within one year40/41€17k€181▼
Trade receivables40€11k-
Other amounts receivable41€6k€181▼
Cash at bank and in hand54/58€247k€284k▲
Deferred charges and accrued income490/1-€251
Equity and liabilities
Total equity and liabilities10/49€317k€322k▲
Equity10/15€177k€210k▲
Contributions10/11€19k€19k=
Reserves13€158k€191k▲
Distributable reserves133€158k€191k▲
Amounts payable17/49€140k€112k▼
Amounts payable within one year42/48€140k€112k▼
Trade debts44€869€760▼
Suppliers440/4€869€760▼
Taxes, remuneration and social security45€15k€12k▼
Taxes450/3€15k€12k▼
Other amounts payable47/48€124k€99k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€89k€76k▼
Operating profit (loss)9901€72k€60k▼
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€65k€53k▼
Income taxes67/77€18k€15k▼
Profit (loss) for the period9904€47k€38k▼
Profit (loss) for the period to be appropriated9905€47k€38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€38k▼
Transfer from equity791/2€23k€5k▼
Transfer to equity691/2€47k€38k▼
To other reserves6921€47k€38k▼
Profit to be distributed694/7€23k€5k▼
Return on contributions (dividend)694€23k€5k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €210k ▲18.8%
8 profitable years in a row build equity to €210k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €153k ▲27.5%
6 profitable years in a row build equity to €153k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €59k ▲1173%
Operating result €79k, net result €59k, both a record.
31-12
Financial
Equity above €100kEq €105k ▲73.1%
4 profitable years in a row build equity to €105k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €5k ▼79.7%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
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.
Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 1 establishment unit since 2014
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.
Bergwegel 789820 Merelbeke-MelleGround area
962 m²
Building footprint
213 m²
Volume, LiDAR
1,476 m³
2 parcels, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SERDOE
since 20142.227.755.547
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0447/00V000 | Flanders | 798 m² | 1 · 135 m² | 17.0 m · 4 fl. |
| 44363B0530/00P013 | Flanders | 164 m² | 1 · 78 m² | 0.0 m |
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.
Similar companies · same sector, comparable size
INTERNI EDITION
BE 0862.585.663
Evere · Eq €210k
MENUISERIE SERVATY
BE 0472.760.776
Blégny · Eq €210k
PIGMENT
BE 0445.841.001
Hasselt · Eq €209k
COCOON@WORK
BE 0876.633.936
Hoeilaart · Eq €211k
INDERTIJD
BE 0465.747.874
Spiere-Helkijn · Eq €208k
Of 1,496 companies in sector 31004 we hold annual accounts for 615. 476 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-08-1980
Fiscal year end31-12
Activities, NACEBEL
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
46494Wholesale of non-electrical household articles
51471
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.