SERENITY CONSTRUCTION
ActiveSummary
The computed 12-month bankruptcy probability of SERENITY CONSTRUCTION is 3.6% (moderate). The 2025 annual accounts show negative equity (-€61,266) and a net result of -€7,492. Equity is shrinking by ~26.8% per year across the filed fiscal years. Its solvency ranks better than 6% of 7598 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+7
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.03 in 2024; short-term debt: 96.4% and cash: 0.3% of total assets), and equity is negative.
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Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-45.6%
Return on assets
-5.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€61,266
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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
114 d early
2023
42 d early
2022
59 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 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 3 July (3 of the last 4 filed years within 86 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€61,266▼ 13.9%
2024 · -€53,774
Total assets
€134,274▼ 4.4%
2024 · €140,455
Net result
-€7,492▲ 52.9%
2024 · -€15,919
Working capital
-€128,339▼ 3.0%
2024 · -€124,545
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€28,025--€7,268▲ 74.1%-€9,529▼ 31.1%-€5,335▲ 44.0%
Net result-€29,262below the sector's middle half--€12,593below the sector's middle half▲ 57.0%-€15,919below the sector's middle half▼ 26.4%-€7,492below the sector's middle half▲ 52.9%
Equity-€25,262below the sector's middle half--€37,855below the sector's middle half▼ 49.8%-€53,774below the sector's middle half▼ 42.1%-€61,266below the sector's middle half▼ 13.9%
Total assets€324,731above the sector's middle half-€311,536above the sector's middle half▼ 4.1%€140,455within the sector's middle half▼ 54.9%€134,274within the sector's middle half▼ 4.4%
Debt€349,993-€349,391▼ 0.2%€194,229▼ 44.4%€195,540▲ 0.7%
Working capital€68,824within the sector's middle half-€49,523within the sector's middle half▼ 28.0%-€124,545below the sector's middle half-€128,339below the sector's middle half▼ 3.0%
Solvency-7.8%below the sector's middle half--12.2%below the sector's middle half▼ 4.4pp-38.3%below the sector's middle half▼ 26.1pp-45.6%below the sector's middle half▼ 7.3pp
Current ratio1.63within the sector's middle half-1.41within the sector's middle half▼ 0.220.03below the sector's middle half▼ 1.380.01below the sector's middle half▼ 0.02
Return on assets (ROA)-9.0%below the sector's middle half--4.0%below the sector's middle half▲ 5.0pp-11.3%below the sector's middle half▼ 7.3pp-5.6%below the sector's middle half▲ 5.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,335 in 2025 against €9,529 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,274
Fixed assets
€133,157 ▼ 2.7%
Current assets
€1,118 ▼ 69.0%
Key figures and ratios
EBITDA
-€1,637▲
2024 · -€5,832
Cash flow
-€3,794▲
2024 · -€12,222
Debt to equity
-3.19▲
2024 · -3.61
Interest coverage
-0.76▲
2024 · -0.91
Debt ≤ 1 year
€129,457▲
2024 · €128,146
Debt > 1 year
€66,083=
2024 · €66,083
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
4.6%
went bankrupt
3.6%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,555 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3 | €2 | ▼ 37.3% |
| Goods, raw materials, services and sundry goods60/61 | €1,817 | €909 | €2,443 | €993 | ▼ 59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €751 | €6,003 | €3,698 | €3,698 | = |
| Other operating charges640/8 | €93 | €355 | €3,224 | €646 | ▼ 80.0% |
| Non-recurring operating charges66A | €25,364 | - | €168 | - | - |
| Gross operating margin9900 | -€1,817 | -€909 | -€2,440 | -€991 | ▲ 59.4% |
| Operating profit (loss)9901 | -€28,025 | -€7,268 | -€9,529 | -€5,335 | ▲ 44.0% |
| Financial charges65/66B | €1,237 | €5,325 | €6,390 | €2,157 | ▼ 66.2% |
| Recurring financial charges65 | €1,237 | €5,325 | €6,390 | €2,157 | ▼ 66.2% |
| Non-recurring financial charges66B | - | - | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€29,262 | -€12,593 | -€15,919 | -€7,492 | ▲ 52.9% |
| Profit (loss) for the period9904 | -€29,262 | -€12,593 | -€15,919 | -€7,492 | ▲ 52.9% |
| Profit (loss) for the period to be appropriated9905 | -€29,262 | -€12,593 | -€15,919 | -€7,492 | ▲ 52.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €324,731 | €311,536 | €140,455 | €134,274 | ▼ 4.4% |
| Fixed assets21/28 | €146,555 | €140,552 | €136,854 | €133,157 | ▼ 2.7% |
| Tangible fixed assets22/27 | €146,555 | €140,552 | €136,854 | €133,157 | ▼ 2.7% |
| Land and buildings22 | €146,555 | €140,552 | €136,854 | €133,157 | ▼ 2.7% |
| Current assets29/58 | €178,176 | €170,985 | €3,601 | €1,118 | ▼ 69.0% |
| Amounts receivable within one year40/41 | €2,457 | €1,092 | €3,200 | €707 | ▼ 77.9% |
| Trade receivables40 | €968 | €968 | €3,051 | €707 | ▼ 76.8% |
| Other amounts receivable41 | €1,489 | €124 | €149 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €175,719 | €169,893 | €401 | €411 | ▲ 2.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €324,731 | €311,536 | €140,455 | €134,274 | ▼ 4.4% |
| Equity10/15 | -€25,262 | -€37,855 | -€53,774 | -€61,266 | ▼ 13.9% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€29,262 | -€41,855 | -€57,774 | -€65,266 | ▼ 13.0% |
| Amounts payable17/49 | €349,993 | €349,391 | €194,229 | €195,540 | ▲ 0.7% |
| Amounts payable after more than one year17 | €240,641 | €227,930 | €66,083 | €66,083 | = |
| Financial debts170/4 | €240,641 | €227,930 | €66,083 | €66,083 | = |
| Amounts payable within one year42/48 | €109,352 | €121,461 | €128,146 | €129,457 | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | €3,109 | €14,787 | €4,711 | €2,715 | ▼ 42.4% |
| Trade debts44 | €900 | €1,331 | €4,549 | €1,107 | ▼ 75.7% |
| Suppliers440/4 | €900 | €1,331 | €4,549 | €1,107 | ▼ 75.7% |
| Other amounts payable47/48 | €105,343 | €105,343 | €118,887 | €125,635 | ▲ 5.7% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,262 | -€12,593 | -€15,919 | -€7,492 | ▲ 52.9% |
| + Depreciation and write-downs630 | €751 | €6,003 | €3,698 | €3,698 | = |
| Operating cash flow (approximation) | -€28,511 | -€6,589 | -€12,222 | -€3,794 | ▲ 69.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€5,826 | -€169,492 | €10 | ▲ 100% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
07-07
State Gazette act
Resignations: Suleyman BAGCI, Mehmet Sakir ALTUN and Erçan CALLIShareholding · Share transfer · Registered-office move19 facts ▸
State Gazette act
Resignations: Suleyman BAGCI, Mehmet Sakir ALTUN and Erçan CALLI
Shareholding · Share transfer · Registered-office move19 facts ▸
- General meeting, 10-03-2026
- Shareholding, actions, 25
- Shareholding, actions, 25
- Shareholding, actions, 25
- Shareholding, actions, 25
- Director resignation, Suleyman BAGCI (director)
- Director resignation, Mehmet Sakir ALTUN (director)
- Director resignation, Erçan CALLI (director)
- Share transfer, Suleyman BAGCI → Osman SENEL
- Share transfer, Mehmet Sakir ALTUN → Osman SENEL
- Share transfer, Erçan CALLI → Osman SENEL
- Registered-office move, Avenue du Progrès 34/12 à 4100 SERAING
- +7 further facts in this act
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Seraing · 1 establishment unit since 2022
Ground area
1,238 m²
Building footprint
129 m²
Volume, LiDAR
994 m³
2 parcels, Wallonia · tallest building 10.0 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 Gosson 95, 4101 Seraing
since 20222.329.543.288
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62356F0122/00D078 | Wallonia | 886 m² | 1 · 129 m² | 9.9 m · 3 fl. |
| 62058B0414/00L003 | Wallonia | 352 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Erçan CALLI |
|
| Mehmet Sakir ALTUN |
|
| Suleyman BAGCI |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 07-07-2026 ↗
- Suleyman BAGCI 25 shares
- Mehmet Sakir ALTUN 25 shares
- Osman SENEL 25 shares
- Erçan CALLI 25 shares
Share transfer
act of 07-07-2026 ↗
- Suleyman BAGCI to Osman SENEL 25 shares
- Mehmet Sakir ALTUN to Osman SENEL 25 shares
- Erçan CALLI to Osman SENEL 25 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0782625890
Also
9925:BE0782625890
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.