SERGE POWER
ActiveSERGE POWER has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62k and a net result of €31k. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+94
Solvency94▲+27
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 1.58 in 2023; short-term debt: 31% and cash: 64.5% of total assets), and 31% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
31 d late
2023
30 d late
2022
32 d late
2021
3 d early
2020
81 d early
2019
25 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€62k▲ 100%
2023 · €31k
2018: €181k
2019: €195k
2020: €175k
2021: €182k
2022: €173k
2023: €31k
2018 → 2024
Total assets
€89k▲ 22.1%
2023 · €73k
2018: €198k
2019: €214k
2020: €192k
2021: €193k
2022: €220k
2023: €73k
2018 → 2024
Net result
€31k
2023 · €-8k
2018: €13k
2019: €15k
2020: €-20k
2021: €7k
2022: €-9k
2023: €-8k
2018 → 2024
Working capital
€54k▲ 121%
2023 · €25k
2018: €165k
2019: €171k
2020: €157k
2021: €169k
2022: €163k
2023: €25k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€175k-€182k▲ 4.0%€173k▼ 5.0%€31k▼ 82.1%€62k▲ 100%
Operating result€-24k-€5k€-9k€-3k▲ 65.2%€33k
Net result€-20k-€7k€-9k€-8k▲ 15.0%€31k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €33k after a loss of €3k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€7k▲ 16.7%
Current assets
€82k▲ 22.6%
Equity and liabilities €89k
Equity
€62k▲ 100%
Debt
€28k▼ 34.6%
The debt ratio falls from 57.9% to 31.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2023 · €122
Cash flow
€34k▲
2023 · €-5k
Solvency
69.0%▲
2023 · 42.1%
Current ratio
2.97▲
2023 · 1.58
Quick ratio
2.97▲
2023 · 1.54
Debt / equity
0.45▼
2023 · 1.37
ROE
50.1%▲
2023 · -25.0%
ROA
34.6%▲
2023 · -10.6%
Interest coverage
29.49▲
2023 · 0.06
Debt
€28k▼
2023 · €42k
Debt ≤ 1 year
€28k▼
2023 · €42k
Income taxes
€496▼
2023 · €3k
Staff costs
€25k
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€73k€89k▲
Fixed assets21/28€6k€7k▲
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23€2k€3k▲
Other tangible fixed assets26€4k€4k▲
Current assets29/58€67k€82k▲
Stocks and contracts in progress3€2k€0▼
Stocks30/36€2k€0▼
Amounts receivable within one year40/41€53k€17k▼
Trade receivables40€46k€14k▼
Other amounts receivable41€6k€3k▼
Current investments50/53€2k€2k=
Cash at bank and in hand54/58€2k€58k▲
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€73k€89k▲
Equity10/15€31k€62k▲
Contributions10/11€19k€19k=
Reserves13€42k€43k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€25k€26k▲
Profit (loss) carried forward14€-30k€0▲
Amounts payable17/49€42k€28k▼
Amounts payable within one year42/48€42k€28k▼
Financial debts43€1k€0▼
Credit institutions430/8€1k€0▼
Trade debts44€29k€7k▼
Suppliers440/4€29k€7k▼
Taxes, remuneration and social security45€12k€18k▲
Taxes450/3€9k€12k▲
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48-€3k
Income statement
Code20232024
Remuneration, social security and pensions62-€25k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€4k€66k▲
Operating profit (loss)9901€-3k€33k▲
Financial income75/76B€1€22▲
Recurring financial income75€1€22▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-5k€31k▲
Income taxes67/77€3k€496▼
Profit (loss) for the period9904€-8k€31k▲
Profit (loss) for the period to be appropriated9905€-8k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€665▲
Profit (loss) brought forward from the previous period14P€-22k€-30k▼
Transfer from equity791/2€134k€0▼
Transfer to equity691/2-€665
To other reserves6921-€665
Profit to be distributed694/7€134k€0▼
Return on contributions (dividend)694€134k€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-20k ▼240%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 1981
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.
Bedrijfsstraat 173500 HasseltGround area
3,126 m²
Building footprint
551 m²
Volume, LiDAR
2,534 m³
Parcel 71322A0267/00T002, Flanders · tallest building 5.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SERGE POWER RACING
since 19812.018.443.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0267/00T002 | Flanders | 3,126 m² | 1 · 551 m² | 5.7 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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Of 7,376 companies in sector 95311 we hold annual accounts for 2,958. 2,180 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-12-1976
Fiscal year end31-12
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.