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Serimcon

Active Public limited companyfounded 1968active for 58 yearsBrukersebaan 26, 1790 AffligemKBO/BCE: BE 0400.300.489 #4 company by equity in Affligem, Real estate sector

Lifetime

20 annual accounts with figures on one time axis, 49 filings since 1977
peak €614,595 (2024)
€532,875▼ 13.3%
peak €259,109 (2024)
€186,087▼ 28.2%
peak €2.4m (2024)
€2.1m▼ 9.1%
€713,184▲ 29.7%
Board3 names since 2018
2 directorsLuypaert Brigitte and 1 other
Documentsfilings and deeds
05-08-20265 days late
2025micro format
Gross margin from €614,595 to €532,875Result from €259,109 to €186,087Registered office moved from Aalst to Affligem 30-05Dividend €400,000Debts from €549,831 to €713,184

Key points

from the 2025 annual accounts

Equity

€2.1m ▼ 9.1%
2.42024+0.2Profit-0.4Dividend2.12025

Serimcon paid out €400,000 in dividends. That is 215% of the 2025 profit.

Result

€186,087 ▼ 28.2%
€259,0002024€186,0002025

The result fell in 2025 from €259,109 to €186,087.

Investments

€17,271 0.1 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Liquidity

0.99 was 1.79 in 2024

Short-term debts rose from €339,346 to €713,184.

Filings

49 annual accounts since 1977
AprilJune31 JulyOctober1980199520102025

Five of the last ten came late. The 2019 accounts came latest: 60 days after the end of the period.

Position in the sector

€186,087

Higher net result than 95% of companies in real estate. Sector median €5,986 · 17,185 companies.

Checked score

96
Excellent
Financially stronger than 69% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: 0.1%▲ +0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026highest value 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100=equity 75.0% of total assets
58-11short-term debt 25.0% · cash 14.0%
77-3return on assets 6.5%

Score breakdown

raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €2.9m
Figures for financial year 2025 (filed on 05-08-2026)
Liquidity: current ratio 0.99, cash €400,265
Calculation

The band follows from the bankruptcy probability. 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 68, small). It does better than 84% of them on solvency, 85% on liquidity, 86% on profitability and 23% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as Serimcon has now. Each dot stands for 51 companies, two years later.

95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of Serimcon itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,137 companies, not a prediction for Serimcon. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €200,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.99 (1.79 in 2024), below 1. Short-term debt is 25% and cash 14% of total assets. 25% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €2.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 05-08-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.99, cash €400,265
NBB · annual accounts
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
5 days late
2024
6 days early
2023
16 days early
2022
on the day
2021
29 days late
2020
6 days late
2019
60 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BB
Director, Geert Spanoghe
LB
Luypaert Brigitte
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0400300489
Registered office moved from Aalst to Affligem New registered office: Brukersebaan 26, 1790 Affligem · Previous registered office: Keizersplein 40A bus 4, 9300 Aalst · Gazette deed
Reappointment: Belma BV (director) Permanent representative: Geert Spanoghe · General meeting of 30-06-2018 · Gazette deed
Reappointment: Brigitte LUYPART (director) General meeting of 30-06-2018 · Gazette deed
All 65 events

Comparable companies

same main activity, similar in size and age
Company
Serimcon Affligem €2.9m €532,875 75.0% -
EUROVAST Brasschaat €2.9m €491,112 97.5% -
LIEVENS Londerzeel €3.2m €547,270 30.4% -
TANGO HALLE Halle €3.9m €523,748 20.5% 0
JDK EVENTS Londerzeel €2.6m €387,133 95.8% -
DE ROPSWALLE Menen €2.9m €374,618 53.7% 0
Antwerp Warehousing Investment Antwerp €2.5m €398,040 34.9% 0

These companies have the same main activity as Serimcon: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.5m and €3.9m, founded between 1969 and 1983.

Official details

Source: KBO
Status
ActiveNormal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
Establishment unit
2.000.824.8399300 Aalst, since 01-02-1966
Financial year end
31 December
Peppol
Reachable since 31-12-2025
Company details

Annual accounts 2025

≈ €590,000estimated
€2.9m▼ 1.7%
Filing
Filed on 05-08-2026
Financials

Insights on Serimcon

Serimcon files the micro format. That format states no turnover. The gross margin fell from €541,358 in 2006 to €532,875 in 2025.

The balance sheet grew most from 2019 to 2021 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Serimcon

What is the company number of Serimcon?
The company number of Serimcon is 0400.300.489. The VAT number is the same number with BE in front: BE 0400.300.489.
Where is Serimcon based?
The registered office is at Brukersebaan 26, 1790 Affligem.Company details
What does Serimcon do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of Serimcon?
Serimcon is a public limited company (NV).
When was Serimcon founded?
Serimcon was founded on 01-01-1968.
Is Serimcon still active?
Yes, Serimcon is an active enterprise in the KBO register.
What is the turnover of Serimcon?
The turnover in financial year 2025 is ≈ €590,000. This figure is estimated from the gross margin of €532,875 and 46 comparable companies (NACE 68203). It probably lies between €550,000 and €740,000.Financials
Is Serimcon profitable?
In financial year 2025, Serimcon made a profit of €186,087.
Where can I find the annual accounts of Serimcon?
Serimcon filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Serimcon due?
Serimcon must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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