SERHAT
ActiveSummary
The computed 12-month bankruptcy probability of SERHAT is 3.7% (moderate). The 2025 annual accounts show negative equity (-€10,634) and a net result of -€17,573. Its solvency ranks better than 11% of 22,595 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- ≈ 0.1 FTE, estimated
- Equity
- -€10,634
- Loss
- -€17,573
Why 46raises riskLast filed accounts filed 31 days late; 2 of the last 3 lateFounded in 2023Negative equity -€10,634lowers riskSize: total assets €17,234Show the evidence
Checked score
About 4 in 100 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 (NACE 47, micro): better than 6% on solvency, 9% on liquidity, 6% on profitability and 2% on growth.
The bankruptcy probability was computed on 27-10-2026 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 2 accounts on average 77 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: DAG Mikayil (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00507272.
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €19,149 after €5,640 in 2024.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.7% 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 7,639 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,167 | - |
| Other operating charges640/8 | - | €486 | - |
| Gross operating margin9900 | €5,640 | -€15,497 | - |
| Operating profit (loss)9901 | €5,640 | -€19,149 | - |
| Financial income75/76B | €3,034 | €3,000 | ▼ 1.1% |
| Recurring financial income75 | €3,034 | €3,000 | ▼ 1.1% |
| Financial charges65/66B | - | €1,424 | - |
| Recurring financial charges65 | - | €1,424 | - |
| Profit (loss) for the period before taxes9903 | €8,674 | -€17,573 | - |
| Income taxes67/77 | €1,735 | - | - |
| Profit (loss) for the period9904 | €6,939 | -€17,573 | - |
| Profit (loss) for the period to be appropriated9905 | €6,939 | -€17,573 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19,282 | €17,234 | ▼ 10.6% |
| Current assets29/58 | €19,282 | €17,234 | ▼ 10.6% |
| Stocks and contracts in progress3 | - | €173 | - |
| Stocks30/36 | - | €173 | - |
| Amounts receivable within one year40/41 | €19,282 | €15,964 | ▼ 17.2% |
| Other amounts receivable41 | €19,282 | €15,964 | ▼ 17.2% |
| Cash at bank and in hand54/58 | - | €1,097 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19,282 | €17,234 | ▼ 10.6% |
| Equity10/15 | €6,939 | -€10,634 | - |
| Profit (loss) carried forward14 | €6,939 | -€10,634 | - |
| Amounts payable17/49 | €12,343 | €27,868 | ▲ 126% |
| Amounts payable within one year42/48 | €12,343 | €27,868 | ▲ 126% |
| Trade debts44 | €7,522 | €22,951 | ▲ 205% |
| Suppliers440/4 | €7,522 | €22,951 | ▲ 205% |
| Taxes, remuneration and social security45 | €4,821 | €4,917 | ▲ 2.0% |
| Taxes450/3 | €4,821 | €3,797 | ▼ 21.2% |
| Remuneration and social security454/9 | - | €1,120 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,939 | -€17,573 | - |
| Operating cash flow (approximation) | €6,939 | -€17,573 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00507272 |
| 31-12-2024 | micro format | 01-12-2025 | 2025-00576986 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| DAG Mikayil |
|
Owners and capital
Capital and shareholders
- DAG Mikayil 2,500 shares (100%) · €2,500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-11-2023 Incorporation · €2,500 · 2,500 shares
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
13-11
Gazette deed
IncorporationAppointment: DAG Mikayil (director) · Registered office clause · Founder10 facts ▸
- Registered office clause, “1932 Sint-Stevens-Woluwe,Veste 6” (deed in Dutch)
- Other provision, “website en e-mailadres” (deed in Dutch)
- Director appointment, DAG Mikayil (director (not named in the articles))
- Incorporation, 06-11-2023
- Founder, DAG Mikayil
- Founding capital, €2,500
- Other provision, “statuten, statuten luiden als volgt” (deed in Dutch)
- Capital
- Registered office clause, “1932 Sint-Stevens-Woluwe, Veste 6” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23078A0227/00R002 | Flanders | 189 m² | 1 · 58 m² | 9.0 m · 3 |
| 21302A0110/00Y003 | Brussels | 77 m² | 1 · 80 m² | 13.6 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Logistiek; Aan – verkoop van Gsm, telefonieartikelen in het algemeen; Verkoop en aankoop, import en export, van textiel, en kledij voor…” (deed in Dutch)
14 activities (deed in Dutch)
- Logistiek
- Aan – verkoop van Gsm, telefonieartikelen in het algemeen.
- Verkoop en aankoop, import en export, van textiel, en kledij voor heren, dames en kinderen, alsook schoenen, lederartikelen en reisartikelen.
- Verkoop en aankoop, import en export van juwelen, fantasiejuwelen en accessoria allerhande.
- Kuisen in de meest ruime zin van het woord, vensters, bureau, zowel privé als professioneel, express koerier, kapsalon, bloemenzaak, night-shop;
- Import en export in de ruime zin van het woord alsook het uitbaten van een groothandelszaak.
- Alle voedingswaren zoals vlees, fruit, groenten, conserven, melkproducten, producten van de zee, vishandel, beenhouwerij, huishoudartikelen, cadeauartikelen, kruiden, specerijen, videotheekartikelen, verhuur van ontspanning artikelen, films en aanverwante artikelen, alle artikelen van textiel in het algemeen, diverse kleding, schoenen, schoenenmaker, slotenmaker, lederwaren in de breedste zin,
- Alle artikelen van parfumerie, toiletartikelen, cosmetica, schoonheidsartikelen, make-up, alsook zepen en detergenten;
- Alle bouwmaterialen, elektrisch en elektronisch materieel, materieel voor loodgieterij;
- Alle producten van handambacht, behangproducten, alsook artikelen van de Derde Wereld;
- Alle artikelen voor de tuin, bloemen, planten, tuinartikelen, inrichting en onderhoud van tuinen;
- Boeken, antiquiteiten, brokante, decoratie voorwerpen, industriële machines;
- Alle elektrische huishoudtoestellen, films, magnetische banden, cassettes, alle gedrukte artikelen of geregistreerde artikelen, en de artikelen die er de lezing, visie of auditie van toelaten;
- Bijstand in programmatie, informaticacursussen, bijstand voor hardware en software, raadgeving en bijstand inzake informatica, alle bureelmateriaal en materiaal van informatica.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SERHAT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering die benoemt bepaalt aantal,duur opdracht en indien meerdere bevoegdheid” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze titel” (deed in Dutch)“1” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandeelhouders mogen kennisnemen betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Geen beroep op rechter tegen weigering, helft overdrager,helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)