SERGECO
ActiveSummary
SERGECO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €208,828 and a net result of €88,399. Equity is growing by ~77.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 11617 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Engineering and related technical consultancy, excluding land surveyors
NACE 71121Other specialised construction activities NACE 43990NACE 74203
1 site
How big
€433,075total assets 2024
- Equity
- €208,828
- Profit
- €88,399
Who decides
Accounts 62 d overdue0 of 3 deeds read
Why 79- Higher-failure-rate region+ Lower-failure-rate sector+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+7
Solvency73▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.23 against 1.38 in 2023; short-term debt: 24.9% and cash: 1.1% of total assets), but 51.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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
20 d late
2023
161 d late
2022
57 d late
2020
390 d late
2018
27 d late
2017
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 114 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Highest result since 2018net €88,399 ▲61.9%
Financials
Fiscal year 2024Total assets €433,075Profit €88,399Solvency 48.2%Liquidity 2.23
Total assets
€433,075▲ 18.9%
2018 - 2024
Net result
€88,399▲ 61.9%
2018 - 2024
Equity
€208,828▲ 73.4%
2018 - 2024
Solvency
48.2%▲ 15.2pp
2018 - 2024
Financials · fiscal year 2024, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182020202220232024
Operating result€27,904-€23,206-€106,140-€79,072▼ 25.5%€123,886▲ 56.7%
Net result€14,512-€11,712within the sector's middle half-€69,055above the sector's middle half-€54,611above the sector's middle half▼ 20.9%€88,399above the sector's middle half▲ 61.9%
Equity-€33,411--€34,920below the sector's middle half-€65,818within the sector's middle half-€120,429within the sector's middle half▲ 83.0%€208,828above the sector's middle half▲ 73.4%
Total assets€318,401-€262,520within the sector's middle half-€340,872above the sector's middle half-€364,267above the sector's middle half▲ 6.9%€433,075above the sector's middle half▲ 18.9%
Debt€351,812-€297,440-€275,053-€243,838▼ 11.3%€224,247▼ 8.0%
Working capital€27,365-€17,307within the sector's middle half-€1,600below the sector's middle half-€40,345within the sector's middle half▲ 2,422%€132,300above the sector's middle half▲ 228%
Solvency-10.5%--13.3%below the sector's middle half-19.3%below the sector's middle half-33.1%within the sector's middle half▲ 13.8pp48.2%within the sector's middle half▲ 15.2pp
Current ratio1.46-1.30within the sector's middle half-1.01below the sector's middle half-1.38within the sector's middle half▲ 0.362.23within the sector's middle half▲ 0.85
Return on assets (ROA)4.6%-4.5%within the sector's middle half-20.3%within the sector's middle half-15.0%within the sector's middle half▼ 5.3pp20.4%within the sector's middle half▲ 5.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 57% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €433,075
Fixed assets
€193,013 ▼ 11.1%
Current assets
€240,062 ▲ 63.1%
Equity and liabilities €433,075
Equity
€208,828 ▲ 73.4%
Debt
€224,247 ▼ 8.0%
Debt's share of the balance-sheet total falls from 66.9% to 51.8%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€147,946▲
2023 · €102,445
Cash flow
€112,459▲
2023 · €77,984
Debt to equity
1.07▼
2023 · 2.02
ROE
42.3%▼
2023 · 45.3%
Interest coverage
21.09▲
2023 · 14.44
Debt ≤ 1 year
€107,762▲
2023 · €106,849
Debt > 1 year
€116,485▼
2023 · €136,988
Income taxes
€37,735▲
2023 · €22,258
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,341 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% | 1.8% |
| 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% 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 34,696 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.
Filed annual accounts
Annual accounts
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €62,657 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,674 | €15,502 | €15,121 | €23,373 | €24,060 | ▲ 2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7,037 | - | €571 | - |
| Other operating charges640/8 | - | €2,381 | €2,418 | €1,628 | €2,018 | ▲ 24.0% |
| Non-recurring operating charges66A | - | - | €1,257 | - | €3,893 | - |
| Gross operating margin9900 | €59,369 | €41,089 | €131,972 | €104,073 | €154,428 | ▲ 48.4% |
| Operating profit (loss)9901 | €27,904 | €23,206 | €106,140 | €79,072 | €123,886 | ▲ 56.7% |
| Financial income75/76B | - | - | €4,062 | €4,891 | €9,262 | ▲ 89.4% |
| Recurring financial income75 | €776 | - | €4,062 | €4,891 | €9,262 | ▲ 89.4% |
| Financial charges65/66B | - | €11,494 | €8,880 | €7,094 | €7,014 | ▼ 1.1% |
| Recurring financial charges65 | €14,168 | €11,494 | €8,880 | €7,094 | €7,014 | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €14,512 | €11,712 | €101,322 | €76,869 | €126,133 | ▲ 64.1% |
| Income taxes67/77 | - | - | €32,267 | €22,258 | €37,735 | ▲ 69.5% |
| Profit (loss) for the period9904 | €14,512 | €11,712 | €69,055 | €54,611 | €88,399 | ▲ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €14,512 | €11,712 | €69,055 | €54,611 | €88,399 | ▲ 61.9% |
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €318,401 | €262,520 | €340,872 | €364,267 | €433,075 | ▲ 18.9% |
| Fixed assets21/28 | €232,079 | €187,919 | €220,706 | €217,073 | €193,013 | ▼ 11.1% |
| Intangible fixed assets21 | €1,300 | - | - | - | - | - |
| Tangible fixed assets22/27 | €230,779 | €187,919 | €220,706 | €214,073 | €190,013 | ▼ 11.2% |
| Land and buildings22 | - | €182,169 | €117,020 | €106,905 | €96,790 | ▼ 9.5% |
| Plant, machinery and equipment23 | - | €4,718 | €98,524 | €101,716 | €89,396 | ▼ 12.1% |
| Furniture and vehicles24 | - | €259 | €4,610 | €5,011 | €3,496 | ▼ 30.2% |
| Other tangible fixed assets26 | - | €773 | €552 | €442 | €331 | ▼ 25.0% |
| Financial fixed assets28 | - | - | - | €3,000 | €3,000 | = |
| Current assets29/58 | €86,321 | €74,600 | €120,166 | €147,194 | €240,062 | ▲ 63.1% |
| Amounts receivable within one year40/41 | €82,541 | €71,970 | €113,291 | €139,185 | €235,397 | ▲ 69.1% |
| Trade receivables40 | - | €21,994 | €51,856 | €31,647 | €38,198 | ▲ 20.7% |
| Other amounts receivable41 | - | €49,976 | €61,435 | €107,538 | €197,198 | ▲ 83.4% |
| Cash at bank and in hand54/58 | €3,144 | €1,768 | €5,344 | €6,753 | €4,665 | ▼ 30.9% |
| Deferred charges and accrued income490/1 | - | €863 | €1,530 | €1,256 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €318,401 | €262,520 | €340,872 | €364,267 | €433,075 | ▲ 18.9% |
| Equity10/15 | -€33,411 | -€34,920 | €65,818 | €120,429 | €208,828 | ▲ 73.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | €47,218 | €101,829 | €190,228 | ▲ 86.8% |
| Distributable reserves133 | - | - | €47,218 | €101,829 | €190,228 | ▲ 86.8% |
| Profit (loss) carried forward14 | -€52,011 | -€53,520 | - | - | - | - |
| Amounts payable17/49 | €351,812 | €297,440 | €275,053 | €243,838 | €224,247 | ▼ 8.0% |
| Amounts payable after more than one year17 | €292,856 | €240,147 | €156,487 | €136,988 | €116,485 | ▼ 15.0% |
| Financial debts170/4 | - | €240,147 | €156,487 | €136,988 | €116,485 | ▼ 15.0% |
| Amounts payable within one year42/48 | €58,956 | €57,293 | €118,566 | €106,849 | €107,762 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | €24,559 | €19,742 | €19,499 | €20,365 | ▲ 4.4% |
| Financial debts43 | - | €9,416 | €7,847 | - | - | - |
| Credit institutions430/8 | - | €9,416 | €7,847 | - | - | - |
| Trade debts44 | €8,609 | €12,679 | €47,710 | €20,711 | €9,017 | ▼ 56.5% |
| Suppliers440/4 | - | €12,679 | €47,710 | €20,711 | €9,017 | ▼ 56.5% |
| Advances received on contracts in progress46 | - | €500 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €7,587 | €42,067 | €65,439 | €77,180 | ▲ 17.9% |
| Taxes450/3 | - | €7,587 | €42,067 | €65,439 | €77,180 | ▲ 17.9% |
| Other amounts payable47/48 | - | €2,551 | €1,200 | €1,200 | €1,200 | = |
| Line | 2018 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,512 | €11,712 | €69,055 | €54,611 | €88,399 | ▲ 61.9% |
| + Depreciation and write-downs630 | €29,674 | €15,502 | €15,121 | €23,373 | €24,060 | ▲ 2.9% |
| Operating cash flow (approximation) | €44,186 | €27,214 | €84,176 | €77,984 | €112,459 | ▲ 44.2% |
| Investment in fixed assets (approximation) | - | - | - | -€19,740 | €0 | ▲ 100% |
| Change in cash | - | - | - | €1,409 | -€2,088 | ▼ 248% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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GTS
BE 0674.915.706
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GRIGNARD
BE 0639.757.857
Welkenraedt · Eq €209,423
BIMATECH
BE 0822.265.337
Wielsbeke · Eq €208,181
Of 11,567 companies in this sector we hold annual accounts for 6,567. 5,084 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 20-08-2025
History
Acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 161 days late
2024
31-12
Financial
Highest result since 2018net €88,399 ▲61.9%
Operating result €123,886, net result €88,399, both a record.
31-12
Financial
Equity above €200,000Eq €208,828 ▲73.4%
5 profitable years in a row build equity to €208,828.
2023
31-12
Financial
Equity above €100,000Eq €120,429 ▲83%
4 profitable years in a row build equity to €120,429.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 390 days late
2020
31-12
Financial
Weakest financial yearnet €11,712 ▼19.3%
Net result drops to €11,712, the lowest in the series; recovery starts the following year.
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 18 days late
2013
31-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 06-10-2006Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded06-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
71111Activities of building architects
71122Land surveying
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884065720
Also
9925:BE0884065720
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Châtelet · 1 establishment unit since 2007
Ground area
340 m²
Building footprint
226 m²
Volume, LiDAR
1,006 m³
Parcel 52502B0047/00Y026, Wallonia · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SERGECO
since 2007unit no. 2.158.551.490
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52502B0047/00Y026 | Wallonia | 340 m² | 1 · 226 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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