SERENA CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of SERENA CONSTRUCT is 1.9% (moderate). The 2024 annual accounts show negative equity (€-53k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 36373 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
23
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability27▲+27
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.41 in 2023; short-term debt: 165% and cash: 1.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-67.6%
Return on assets
-6.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-53k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-10-2025, 75 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
not confirmed
2024
75 d late
2023
82 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
152 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-5k▲ 93.2%
2023 · €-79k
2018: €-7k
2019: €-8k
2020: €552
2021: €6k
2022: €-2k
2023: €-79k
2018 → 2024
Working capital
€-58k▼ 0.6%
2023 · €-58k
2018: €27k
2019: €21k
2020: €20k
2021: €27k
2022: €19k
2023: €-58k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€27k-€33k▲ 22.4%€31k▼ 5.9%€-48k€-53k▼ 11.2%
Operating result€2k-€8k▲ 398%€2k▼ 70.7%€-77k€-3k▲ 96.5%
Net result€552-€6k▲ 1,002%€-2k€-79k▼ 3,949%€-5k▲ 93.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €77k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79k
Fixed assets
€7k▼ 40.7%
Current assets
€72k▲ 76.4%
Key figures and ratios
EBITDA
€6k▲
2023 · €-64k
Cash flow
€3k▲
2023 · €-66k
Solvency
-67.6%▲
2023 · -90.8%
Current ratio
0.55▲
2023 · 0.41
Quick ratio
0.55▲
2023 · 0.41
Debt / equity
-2.48▼
2023 · -2.10
ROA
-6.8%▲
2023 · -150.1%
Interest coverage
2.05▲
2023 · -27.88
Debt
€132k▲
2023 · €101k
Debt ≤ 1 year
€130k▲
2023 · €99k
Debt > 1 year
€0▼
2023 · €2k
Income taxes
€140▲
2023 · €109
Staff costs
€363k▲
2023 · €312k
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€53k€79k▲
Fixed assets21/28€12k€7k▼
Tangible fixed assets22/27€12k€7k▼
Plant, machinery and equipment23€1k€637▼
Furniture and vehicles24€11k€7k▼
Leasing and similar rights25€279€0▼
Financial fixed assets28€69€69=
Current assets29/58€41k€72k▲
Amounts receivable within one year40/41€20k€66k▲
Trade receivables40€2k€48k▲
Other amounts receivable41€19k€18k▼
Cash at bank and in hand54/58€15k€917▼
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€53k€79k▲
Equity10/15€-48k€-53k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-56k€-61k▼
Amounts payable17/49€101k€132k▲
Amounts payable after more than one year17€2k€0▼
Financial debts170/4€2k€0▼
Amounts payable within one year42/48€99k€130k▲
Current portion of amounts payable after more than one year42€6k€2k▼
Trade debts44€154€36k▲
Suppliers440/4€154€36k▲
Taxes, remuneration and social security45€46k€44k▼
Taxes450/3€2k€319▼
Remuneration and social security454/9€44k€44k▼
Other amounts payable47/48€46k€47k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€312k€363k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€8k▼
Other operating charges640/8€777€492▼
Gross operating margin9900€249k€369k▲
Operating profit (loss)9901€-77k€-3k▲
Financial income75/76B€0€216▲
Recurring financial income75€0€216▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-79k€-5k▲
Income taxes67/77€109€140▲
Profit (loss) for the period9904€-79k€-5k▲
Profit (loss) for the period to be appropriated9905€-79k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-61k▼
Profit (loss) brought forward from the previous period14P€23k€-56k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 75 days late
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
31-12
Financial
Weakest financial yearnet €-79k
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €6k ▲1002%
Operating result €8k, net result €6k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €552
Net result €552 after 2 loss-making years.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 152 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 58 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Rixensart · 1 establishment unit since 2009
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.
Route d'Ohain 24B1332 RixensartGround area
1,255 m²
Building footprint
399 m²
Volume, LiDAR
2,415 m³
Parcel 25033C0549/00A000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route d'Ohain 24, 1332 Rixensart
since 20092.175.612.010
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033C0549/00A000 | Wallonia | 1,255 m² | 1 · 399 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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DVM ECHAFAUDAGE
BE 1008.511.572
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AV RENOVATION
BE 0769.970.657
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ALMAR RENOVATION
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Overijse · Eq €31k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-12-2008
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
43990Other specialised construction activities
43999Specialised construction activities
43120Site preparation
43230Insulation installation
43291Specialised construction activities
43350Other building finishing work
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.