Equity
-€82,336
Debts exceed assets in financial year 2026.
SERFA
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2006peak €175,947 (2013)
€29,241▼ 56.7%
lowest -€176,752 (2007)
-€66,338▼ €35,839
peak €1.0m (2007)
-€82,336▼ €66,338
€1.5m▲ 1.4%
Board3 names since 2018
-
Owners
Documentsfilings and deeds
20-10-202611 days before the deadline
2026micro format
Gross margin from €67,537 to €29,241Loss of €66,338Equity from -€15,998 to -€82,336Cash from €9,938 to €6,263
Key points
from the 2026 annual accountsLosses
-€745,720 in 13 years
Every financial year from 2014 to 2026 closed with a loss. 2018 was the heaviest.
Turnover
≈ €85,000 estimated
The micro format states no turnover.
Debts
€1.5m 106% of the balance sheet
After one year 2%Within one year 98%
Of this, €1.5m falls due within a year.
Filings
21 annual accounts since 2006
Six of the last ten came late. The 2018 accounts came latest: 30 days after the end of the period.
Position in the sector
-€66,338
Lower net result than 95% of companies in head offices and management consultancy. Sector median €29,859 · 1,562 companies.
Checked score
53
Fair
Financially stronger than 9% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025lowest value
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025
11-2025: 0.5%▲ +0.1 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.6%▼ -0.1 percentage points vs 08-2026
10-2026: 0.5%▼ -0.1 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€82,336
No registered site in the KBO
Liquidity: current ratio 0.06, cash €6,263
lowers risk
Size: total assets €1.4m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 8% of them on solvency, 2% on liquidity, 28% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as SERFA has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SERFA itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for SERFA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.06 (0.04 in 2025), below 1. Short-term debt is 104.2% and cash 0.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€82,336
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 20-10-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
11 days early
2025
8 days early
2024
9 days early
2023
20 days late
2022
8 days late
2021
30 days late
2020
4 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 23 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Change of role: de FAVEREAU de JENERET Antonia, from manager to director
General meeting of 04-04-2023 · Gazette deed
1 manager appointed, 2 resignations
Appointment: Antonia de Favereau de Jeneret (manager) · Resignations: François Serweytens de Mercx (manager) and Charles-Quint sa (manager) · Permanent representative: Antonia de Favereau de Jeneret · General meeting of 01-10-2018 · Gazette deed
Incorporation
published on 12-07-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SERFA Woluwe-Saint-Pierre | €1.4m | €29,241 | -5.9% | - |
| ADVIESBUREAU VOOR LOGISTIEK, TRADING, HANDLING EN ORGANISATIE Saint-Josse-ten-Noode | €1.3m | €30,187 | 96.2% | - |
| MAPO INVEST MANAGEMENT Antwerp | €1.4m | €28,635 | 94.0% | - |
| DLV CONSULTING Beersel | €1.3m | €27,068 | 36.4% | - |
| Efficiency track Antwerp | €1.3m | €26,314 | 54.3% | - |
| PETER SELS Schoten | €1.3m | €27,127 | 67.9% | - |
| MCL Ghent | €1.2m | €27,329 | -24.3% | 0.8 |
These companies have the same main activity as SERFA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.2m and €1.4m, founded between 2001 and 2005.
Official details
Source: KBO- Status
- Active since 02-07-2004Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Financial year end
- 31 March
- Peppol
- Not found in the Peppol Directory
Annual accounts to 31-03-2026
- €1.4m▼ 3.2%
- Filing
- Filed on 20-10-2026, 11 days before the end of the filing period
Insights on SERFA
SERFA files the micro format. That format states no turnover. The gross margin rose from -€14,815 in 2007 to €29,241 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SERFA
- What is the company number of SERFA?
- The company number of SERFA is 0866.130.519. The VAT number is the same number with BE in front: BE 0866.130.519.
- Where is SERFA based?
- The registered office is at Kerkstraat 88, 1150 Woluwe-Saint-Pierre.Company details
- What does SERFA do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SERFA?
- SERFA is a private limited company (BV).
- When was SERFA founded?
- SERFA was founded on 02-07-2004.
- Is SERFA still active?
- Yes, SERFA is an active enterprise in the KBO register.
- What is the turnover of SERFA?
- The turnover in financial year 2026 is ≈ €85,000. This figure is estimated from the gross margin of €29,241 and 144 comparable companies (NACE 70200). It probably lies between €51,000 and €120,000.Financials
- Is SERFA profitable?
- In financial year 2026, SERFA made a loss of €66,338.
- Where can I find the annual accounts of SERFA?
- SERFA filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SERFA due?
- SERFA must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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