SERFA

Active Private limited companyfounded 2004active for 22 yearsKerkstraat 88, 1150 Woluwe-Saint-PierreKBO/BCE: BE 0866.130.519

SERFA

Financial year 2026

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Annual accounts 2026

micro format, filed on 20-10-2026, 11 days before the deadline

€29,241

▼ 56.7%

-€69,089

▼ €37,713

-€66,338

▼ €35,839

-€1.4m

▲ €34,682

-5.9%

▼ 4.8 percentage points

0.06

▲ 0.02

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €85,000. Estimated: probably between €51,000 and €120,000.

Balance sheet

balance sheet total €1.4m on 31-03-2026

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

-5.9%

Higher than 10% of 39,376 companies in 2025.

0.06

Lower than 95% of 38,058 companies in 2025.

-4.7%

Higher than 15% of 38,530 companies in 2025.

SERFA Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	1.4m	1.4m	1.6m	1.6m	1.7m	1.6m	1.7m	1.8m	1.9m	2.0m	2.0m	2.1m	2.0m	2.1m	2.1m	2.2m	2.2m	2.3m	2.3m	2.4m
`21/28`	1.3m	1.4m	1.5m	1.6m	1.6m	1.6m	1.7m	1.8m	1.8m	1.9m	2.0m	2.1m	1.9m	2.0m	2.0m	2.1m	2.1m	2.2m	2.3m	2.4m
`22/27`	1.3m	1.4m	1.5m	1.6m	1.6m	1.6m	1.7m	1.8m	1.8m	1.9m	2.0m	2.1m	1.9m	2.0m	2.0m	2.1m	2.1m	2.2m	2.3m	2.4m
`22`	1.3m	1.4m	1.5m	1.6m	1.6m	1.6m	1.7m	1.7m	1.8m	1.9m	1.9m	2.1m	1.9m	1.9m	2.0m	2.0m	2.1m	2.2m	2.2m	2.3m
`23`	4,297	4,934	5,735	7,113	6,061	9,595	19,511	29,511	39,718	45,837	60,766	574	202	90,479	47,722	5,656	3,227	4,520	7,228	7,988
`24`	-	-	-	-	-	-	-	-	-	-	-	1,589	3,232	4,912	6,865	6,754	7,573	14,077	27,940	42,388
`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,426	5,145	6,860	-
`29/58`	87,898	56,972	87,867	50,939	97,899	13,766	6,533	11,647	32,890	113,438	31,467	31,675	35,464	50,368	24,554	111,145	68,516	86,801	29,337	72,130
`40/41`	81,634	40,434	34,120	1,312	36,629	12,846	19	5,180	22,831	38,027	30,721	28,958	17,514	50,368	24,554	110,884	67,817	85,941	27,122	70,635
`40`	8,000	-	-	1,312	36,629	12,827	-	112	112	112	643	643	-	-	-	89,128	48,491	66,615	24,270	13,481
`41`	73,634	40,434	34,120	-	-	19	19	5,069	22,720	37,915	30,078	28,315	17,514	50,368	24,554	21,756	19,326	19,326	2,852	57,154
`54/58`	6,263	9,938	47,424	43,021	60,680	220	5,840	6,467	10,058	75,411	743	2,717	17,950	-	-	95	-	23	473	-
`490/1`	-	6,601	6,323	6,607	590	700	675	-	-	-	3	-	-	-	-	165	699	837	1,742	1,495
Balance sheet: equity and liabilities
`10/49`	1.4m	1.4m	1.6m	1.6m	1.7m	1.6m	1.7m	1.8m	1.9m	2.0m	2.0m	2.1m	2.0m	2.1m	2.1m	2.2m	2.2m	2.3m	2.3m	2.4m
`10/15`	-82,336	-15,998	14,501	23,884	40,695	107,736	165,930	227,456	317,764	430,805	451,578	499,654	402,180	463,385	432,207	543,465	658,523	799,733	883,364	1.0m
`10/11`	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000
`100`	-	-	-	-	-	-	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000	415,000
`12`	424,809	467,209	509,609	552,009	594,409	636,809	679,209	721,609	764,009	806,409	848,809	891,209	766,900	766,900	800,200	833,500	866,800	900,100	933,400	966,700
`13`	806,369	763,969	721,569	679,169	636,769	594,369	551,969	509,569	467,169	424,769	382,369	339,969	264,278	264,278	199,800	166,500	133,200	99,900	66,600	33,300
`130/1`	31,178	31,178	31,178	31,178	31,178	31,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	31,178	31,178	31,178	31,178	31,178	31,178	31,178	31,178	-	-	-	-	-	-
`1311`	31,178	31,178	31,178	31,178	31,178	31,178	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66,600	33,300
`133`	775,191	732,791	690,391	647,991	605,591	563,191	520,791	478,391	435,991	393,591	351,191	308,791	233,100	233,100	199,800	166,500	133,200	99,900	-	-
`14`	-1.7m	-1.7m	-1.6m	-1.6m	-1.6m	-1.5m	-1.5m	-1.4m	-1.3m	-1.2m	-1.2m	-1.1m	-1.0m	-982,793	-982,793	-871,535	-756,477	-615,267	-531,636	-367,189
`16`	-	-	-	-	-	-	-	-	-	-	-	-	23,733	-	-	-	-	-	-	-
`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	23,733	-	-	-	-	-	-	-
`17/49`	1.5m	1.5m	1.6m	1.6m	1.7m	1.5m	1.5m	1.5m	1.6m	1.6m	1.6m	1.6m	1.6m	1.6m	1.6m	1.6m	1.5m	1.5m	1.4m	1.4m
`17`	-	-	-	-	-	-	-	-	-	-	-	-	-	415,284	441,487	481,361	484,342	509,036	548,935	582,026
`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	415,284	441,487	481,361	484,342	509,036	548,935	582,026
`42/48`	1.5m	1.5m	1.6m	1.6m	1.6m	1.5m	1.5m	1.5m	1.6m	1.6m	1.6m	1.6m	1.5m	1.2m	1.2m	1.0m	1.0m	972,715	872,397	796,730
`42`	-	-	-	-	-	-	-	-	-	-	-	-	288,539	40,705	28,455	25,598	34,128	43,025	33,091	32,253
`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	5,552	5,826	4,979	5,788	4,996	4,978	6,464
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	5,552	5,826	4,979	5,788	4,996	4,978	6,464
`44`	371	-	-	800	32,850	-	5,095	16,385	13,873	28,611	6,407	19,124	2,632	18,530	4,831	22,964	16,767	12,060	12,336	19,798
`440/4`	371	-	-	800	32,850	-	5,095	16,385	13,873	28,611	6,407	19,124	2,632	18,530	4,831	22,964	16,767	12,060	12,336	19,798
`45`	-	-	-	664	2,408	4,460	5,225	3,813	122,478	122,478	122,478	122,478	122,478	124,170	126,886	14,210	26,554	15,912	18,690	5,340
`450/3`	-	-	-	664	2,408	4,460	5,225	3,813	122,478	122,478	122,478	122,478	122,478	124,170	126,886	14,210	26,554	15,912	18,690	5,340
`47/48`	1.5m	1.5m	1.6m	1.6m	1.6m	1.5m	1.5m	1.5m	1.4m	1.4m	1.4m	1.5m	1.1m	982,084	1.0m	954,660	966,190	896,722	803,303	732,875
`492/3`	24,000	-	-	24,750	71,696	-	-	-	-	-	1	-	31,322	17,428	5,191	122,478	-	-	-	-
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	-	23,733	-	-	-	-	-	-	1,922	-
`9900`	29,241	67,537	87,395	79,947	25,332	37,117	35,947	13,476	-4,954	111,369	64,334	82,551	97,900	175,947	56,603	30,671	19,614	51,149	10,438	-14,815
`630`	90,731	91,623	90,627	89,893	85,461	88,455	86,596	85,399	84,880	87,537	89,199	88,470	78,335	78,371	72,728	67,273	73,291	81,444	82,709	84,706
`631/4`	-	-	-	-	-	-	112	-	-	531	-	-	-	-	-	-	-	-	-	-
`640/8`	7,600	7,290	6,730	6,420	6,476	6,268	10,519	5,483	877	5,423	5,527	5,439	5,350	5,160	5,534	7,341	5,526	8,217	14,215	5,390
`66A`	-	-	-	-	-	-	-	-	-	26,771	-	23,516	-	-	-	-	-	-	-	210
`9901`	-69,089	-31,376	-9,961	-16,366	-66,604	-57,606	-61,280	-77,406	-90,712	-8,893	-30,392	-11,358	14,214	92,416	-21,659	-43,942	-59,203	-38,513	-86,486	-104,911
`75/76B`	2,901	1,024	724	-	-	-	-	1	664	970	1,145	1,582	818	629	595	-	0	34,310	2,900	4,356
`75`	2,901	1,024	724	-	-	-	-	1	664	970	1,145	1,582	818	629	595	-	0	34,310	2,900	4,356
`65/66B`	149	146	146	446	437	588	246	12,903	22,993	12,850	18,828	92,966	76,237	61,867	90,195	71,115	82,008	79,428	82,784	75,985
`65`	149	146	146	446	437	588	246	12,903	22,993	12,850	18,828	92,966	76,237	61,867	90,195	71,115	82,008	79,428	82,784	75,985
`9903`	-66,338	-30,499	-9,383	-16,811	-67,041	-58,194	-61,526	-90,308	-113,041	-20,773	-48,075	-102,525	-61,205	31,178	-111,258	-115,058	-141,211	-83,631	-164,447	-176,750
`67/77`	-	-	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	-	-	1
`9904`	-66,338	-30,499	-9,383	-16,811	-67,041	-58,194	-61,526	-90,308	-113,041	-20,773	-48,076	-102,525	-61,205	31,178	-111,258	-115,058	-141,211	-83,631	-164,447	-176,752
`9905`	-66,338	-30,499	-9,383	-16,811	-67,041	-58,194	-61,526	-90,308	-113,041	-20,773	-48,076	-102,525	-61,205	31,178	-111,258	-115,058	-141,211	-83,631	-164,447	-176,752
Appropriation of the result
`9906`	-1.7m	-1.7m	-1.6m	-1.6m	-1.6m	-1.5m	-1.5m	-1.4m	-1.3m	-1.2m	-1.2m	-1.1m	-1.0m	-951,615	-982,793	-871,535	-756,477	-615,267	-531,636	-367,189
`14P`	-1.7m	-1.6m	-1.6m	-1.6m	-1.5m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	31,178	-	-	-	-	-	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	31,178	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for financial year 2006 were filed as a document without figures as data, a scan for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 20-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-03-2026	micro format	20-10-2026	2026-00564050	PDF
31-03-2025	micro format	23-10-2025	2025-00547633	PDF
31-03-2024	micro format	22-10-2024	2024-00511211	PDF
31-03-2023	micro format	20-11-2023	2023-00513245	PDF
31-03-2022	micro format	08-11-2022	2022-20516175	PDF
31-03-2021	micro format	30-11-2021	2021-78600196	PDF
31-03-2020	micro format	04-11-2020	2020-68000062	PDF
31-03-2019	micro format	28-11-2019	2019-74600110	PDF
31-03-2018	micro format	30-11-2018	2018-73100521	PDF
31-03-2017	full format	30-10-2017	2017-68000381	PDF
31-03-2016	full format	13-10-2016	2016-65400406	PDF
31-03-2015	full format	16-10-2015	2015-64800131	PDF
31-03-2014	full format	28-10-2014	2014-65500072	PDF
31-03-2013	full format	04-11-2013	2013-64900004	PDF
31-03-2012	full format	06-11-2012	2012-63000528	PDF
31-03-2011	abbreviated format	30-09-2011	2011-55900588	PDF
31-03-2010	full format	29-10-2010	2010-59100091	PDF
31-03-2009	full format	21-09-2009	2009-76200158	PDF
31-03-2008	full format	31-03-2009	2009-09400212	PDF
31-03-2007	abbreviated format	27-11-2007	2007-80800157	PDF
31-03-2006	full format	26-10-2006	2006-84705245	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
21,642	60,246	80,666	73,527	18,856	30,849	25,316	7,993	-5,831	78,643	58,807	77,112	92,549	170,787	51,069	23,331	14,088	42,932	-3,777	-20,205
24,393	61,124	81,243	73,082	18,420	30,261	25,070	-4,909	-28,160	66,763	41,123	-14,055	17,130	109,549	-38,530	-47,785	-67,920	-2,186	-81,739	-92,046
14,559	3,695	13,278	39,594	69,459	9,712	26,140	5,271	24,673	2,067	10,706	11,108	2,360	56,939	52,514	2,067	2,384	768	11,268	37,825
-3,674	-37,487	4,403	-17,658	60,459	-5,620	-627	-3,591	-65,352	74,668	-1,974	-15,233	-	-	-	-	-	-450	-	-
-1.4m	-1.4m	-1.5m	-1.5m	-1.5m	-1.5m	-1.5m	-1.5m	-1.5m	-1.5m	-1.5m	-1.6m	-1.5m	-1.1m	-1.2m	-911,266	-980,912	-885,914	-843,060	-724,600
-5.9%	-1.1%	0.9%	1.5%	2.4%	6.6%	9.7%	12.8%	17.0%	21.4%	22.4%	23.8%	20.4%	22.4%	21.0%	25.0%	30.0%	35.1%	38.3%	43.2%
0.06	0.04	0.06	0.03	0.06	0.01	0.00	0.01	0.02	0.07	0.02	0.02	0.02	0.04	0.02	0.11	0.07	0.09	0.03	0.09
-	-	-	66.36	40.82	14.16	9.28	6.79	4.89	3.67	3.47	3.19	3.85	3.46	3.77	2.99	2.33	1.85	1.61	1.32
-	-	-64.7%	-70.4%	-164.7%	-54.0%	-37.1%	-39.7%	-35.6%	-4.8%	-10.6%	-20.5%	-15.2%	6.7%	-25.7%	-21.2%	-21.4%	-10.5%	-18.6%	-16.9%
-4.7%	-2.1%	-0.6%	-1.0%	-3.9%	-3.6%	-3.6%	-5.1%	-6.0%	-1.0%	-2.4%	-4.9%	-3.1%	1.5%	-5.4%	-5.3%	-6.4%	-3.7%	-7.1%	-7.3%
over 100	over 100	over 100	over 100	43.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€14,559	€3,695	€13,278	€39,594	€69,459
	€90,731	€91,623	€90,627	€89,893	€85,461

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on SERFA

The operating result for 2026 is a loss of €69,089, larger than the loss of €31,376 in 2025. It is the lowest result since 2019.

Equity is negative. Debt (€1.5m) exceeds the balance-sheet total (€1.4m).

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2026

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-5.9%

Current ratio0.06

Return on assets-4.7%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SERFA

Next steps

in euro

in euro

-5.9%

0.06

-4.7%