SERFIMO
ActiveFrom the official registers: KBO 41 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
SERFIMO has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,590 and a net result of €3,145. Equity is growing by about 6.8% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 05-07-1984 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue Wattimez-Haut(REV) 48 A, 6210 Les Bons Villers
- Activity
- “L'achat,la vente,l'échange,la construction,la reconstruction,la location et la gérance de tous immeubles bâtis” (deed in French)From the articles, 3 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.025.324.168 6032 Charleroi, since 05-07-1984
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €5,485
- ▲ 20.1%
- Turnover
- ≈ €42,000
- estimated
- Profit
- €3,145
- ▲ 42.2%
- Equity
- €22,590
- ▲ 16.2%
- Total assets
- €23,759
- ▲ 20.9%
Why 91raises risk1 change of registered office in 24 monthslowers riskFounded in 1984Size: total assets €23,759Figures for financial year 2025 (filed 18-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 81% on solvency, 79% on liquidity, 68% on profitability and 74% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (13 days) Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00402748.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 13-08-2026
- Format
- micro format
- Reference
- 2026-00402748
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 41% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,368 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,629 | €1,629 | €1,629 | €1,848 | €1,331 | €839 | €866 | €596 | ▼ 31.2% |
| Other operating charges640/8 | - | - | - | €1,236 | €1,258 | €1,383 | €1,424 | €1,673 | ▲ 17.5% |
| Gross operating margin9900 | €839 | €3,109 | €5,261 | €5,163 | €1,741 | €2,436 | €4,566 | €5,485 | ▲ 20.1% |
| Operating profit (loss)9901 | -€1,989 | €263 | €2,403 | €2,080 | -€848 | €214 | €2,276 | €3,216 | ▲ 41.3% |
| Financial income75/76B | - | - | - | €0 | €0 | - | - | €0 | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | €0 | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €48 | €61 | €61 | €63 | €71 | ▲ 12.0% |
| Recurring financial charges65 | €30 | €30 | €48 | €48 | €61 | €61 | €63 | €71 | ▲ 12.0% |
| Profit (loss) for the period before taxes9903 | -€2,019 | €233 | €2,355 | €2,032 | -€908 | €153 | €2,213 | €3,146 | ▲ 42.2% |
| Income taxes67/77 | €0 | €0 | €0 | €0 | €0 | - | - | €0 | - |
| Profit (loss) for the period9904 | -€2,019 | €233 | €2,355 | €2,032 | -€908 | €153 | €2,213 | €3,145 | ▲ 42.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €68 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2,085 | €166 | €2,287 | €1,964 | -€908 | €153 | €2,213 | €3,145 | ▲ 42.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15,191 | €14,420 | €16,549 | €18,075 | €17,167 | €17,257 | €19,644 | €23,759 | ▲ 20.9% |
| Fixed assets21/28 | €12,616 | €10,987 | €9,358 | €10,902 | €9,572 | €11,297 | €10,432 | €9,836 | ▼ 5.7% |
| Tangible fixed assets22/27 | €12,616 | €10,987 | €9,358 | €10,902 | €9,572 | €11,297 | €10,432 | €9,836 | ▼ 5.7% |
| Land and buildings22 | - | - | - | €10,902 | €9,572 | €11,297 | €10,432 | €9,836 | ▼ 5.7% |
| Current assets29/58 | €2,574 | €3,433 | €7,191 | €7,173 | €7,596 | €5,959 | €9,213 | €13,923 | ▲ 51.1% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €4,600 | €6,600 | €6,600 | = |
| Other amounts receivable41 | - | - | - | - | - | €4,600 | €6,600 | €6,600 | = |
| Cash at bank and in hand54/58 | €2,574 | €3,433 | €7,191 | €7,173 | €7,596 | €1,359 | €2,613 | €7,323 | ▲ 180% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15,191 | €14,420 | €16,549 | €18,075 | €17,167 | €17,257 | €19,644 | €23,759 | ▲ 20.9% |
| Equity10/15 | €13,367 | €13,600 | €15,955 | €17,987 | €17,079 | €17,232 | €19,445 | €22,590 | ▲ 16.2% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €434 | €501 | €568 | €636 | €636 | €636 | €636 | €636 | = |
| Tax-exempt reserves132 | - | - | - | €636 | €636 | €636 | €636 | €636 | = |
| Profit (loss) carried forward14 | -€5,617 | -€5,451 | -€3,163 | -€1,199 | -€2,107 | -€1,954 | €259 | €3,404 | ▲ 13× |
| Amounts payable17/49 | €1,823 | €820 | €594 | €89 | €89 | €25 | €200 | €1,169 | ▲ 485% |
| Amounts payable within one year42/48 | €1,823 | €820 | €594 | €89 | €89 | €25 | €200 | €1,169 | ▲ 485% |
| Trade debts44 | - | - | - | - | - | - | €159 | €229 | ▲ 44.0% |
| Suppliers440/4 | - | - | - | - | - | - | €159 | €229 | ▲ 44.0% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €0 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €0 | - |
| Other amounts payable47/48 | - | - | - | €89 | €89 | €25 | €41 | €940 | ▲ 23× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,019 | €233 | €2,355 | €2,032 | -€908 | €153 | €2,213 | €3,145 | ▲ 42.2% |
| + Depreciation and write-downs630 | €1,629 | €1,629 | €1,629 | €1,848 | €1,331 | €839 | €866 | €596 | ▼ 31.2% |
| Operating cash flow (approximation) | -€390 | €1,862 | €3,984 | €3,880 | €423 | €993 | €3,078 | €3,741 | ▲ 21.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,392 | €0 | -€2,565 | €0 | €0 | - |
| Change in cash | - | €859 | €3,757 | -€17 | €423 | -€6,236 | €1,253 | €4,711 | ▲ 276% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-08-2026 | 2026-00402748 | NBB |
| 31-12-2024 | micro format | 07-08-2025 | 2025-00367195 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00430601 | |
| 31-12-2022 | micro format | 17-08-2023 | 2023-00339058 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20276620 | |
| 31-12-2020 | micro format | 19-08-2021 | 2021-52600486 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42500513 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-24200484 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-49000168 | |
| 31-12-2016 | full format | 16-08-2017 | 2017-43900265 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Stéphane FORMICA |
|
| Sergio FORMICA |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Article 10bis, ceux que loi et statuts réservent à assemblée générale”“Article 10ter, portée aux frais généraux indépendamment frais représentation voyages déplacements”“Avec ou sans limitation de durée, organe d'administration”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Article 19, en tout temps par décision assemblée générale délibérant dans formes prévues pour modifications aux statuts”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Article 20, dissolution pour quelque cause et à quelque moment que ce soit”
Articles of association, deed of 28-12-2023 (in French)
Owners and capital
Capital and shareholders
- 28-12-2023 Converted to unavailable equity · €18,550
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cédant, 15”
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 28-12-2023 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-08
Gazette deed
Resignation: Sergio FORMICA (director)Appointment: Stéphane FORMICA (director) · Registered-office move4 facts ▸
- General meeting, 07-08-2025
- Director resignation, Sergio FORMICA (director)
- Director appointment, Stéphane FORMICA (director)
- Registered-office move, Rue Wattimez-Haut, n° 48 A à 6210 Rêves
28-12
Gazette deed
Resignation: FORMICA Sergio (manager)Appointments: FORMICA Sergio (director) and FORMICA Stéphane (alternate director) · Registered office clause · Power of attorney9 facts ▸
- Director resignation, FORMICA Sergio (manager)
- Director appointment, FORMICA Sergio (director (not named in the articles))
- Director appointment, FORMICA Stéphane (alternate director)
- Registered office clause, “6032 Charleroi (Mont-sur-Marchienne), Avenue Paul Pastur”, 120, “assemblée générale” (deed in French)
- Power of attorney
- General meeting, 19-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Kind of shares, “rémunération des apports”, 350 (deed in French)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'achat,la vente,l'échange,la construction,la reconstruction,la location et la gérance de tous immeubles bâtis; L'achat,la…”
3 activities
- L'achat,la vente,l'échange,la construction,la reconstruction,la location et la gérance de tous immeubles bâtis
- L'achat,la vente,l'échange,la mise en valeur,le lotissement,la location et l'affermage de tous immeubles non bâtis
- Faire toutes opérations se rattachant directement ou indirectement à l'objet social ou pouvant en faciliter la réalisation,en tous lieux,de toutes les manières,et suivant les modalités les mieux appropriées
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SERFIMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d'administration”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of May at 15:00
Articles of association, deed of 28-12-2023 (in French)
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52050A0572/00X012 | Wallonia | 371 m² | 1 · 77 m² | 12.6 m · 4 |
| 52059B0233/00F000 | Wallonia | 133 m² | 1 · 148 m² | - |