Serimcon
ActiveSummary
Serimcon has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.14M and a net result of €186k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.79 in 2024; short-term debt: 25% and cash: 14% of total assets), and 25% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75%
Return on assets
6.5%
Age of the figures
9 mo
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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
6 d early
2023
16 d early
2022
on the day
2021
29 d late
2020
6 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.14M▼ 9.1%
2024 · €2.35M
2018: €1.09Mlowest in 8 years
2019: €1.29M▲ +18.1% vs 2018
2020: €1.43M▲ +11.5% vs 2019
2021: €1.64M▲ +14.5% vs 2020
2022: €1.85M▲ +12.5% vs 2021
2023: €2.09M▲ +13.3% vs 2022
2024: €2.35M▲ +12.4% vs 2023highest in 8 years
2025: €2.14M▼ -9.1% vs 2024
2018 → 2025
Total assets
€2.85M▼ 1.7%
2024 · €2.90M
2018: €1.97Mlowest in 8 years
2019: €2.63M▲ +33.0% vs 2018
2020: €2.96M▲ +12.7% vs 2019
2021: €3.02M▲ +2.0% vs 2020
2022: €3.23M▲ +7.0% vs 2021highest in 8 years
2023: €2.84M▼ -12.0% vs 2022
2024: €2.90M▲ +2.2% vs 2023
2025: €2.85M▼ -1.7% vs 2024
2018 → 2025
Net result
€186k▼ 28.2%
2024 · €259k
2018: €72klowest in 8 years
2019: €197k▲ +175% vs 2018
2020: €148k▼ -25.0% vs 2019
2021: €208k▲ +40.8% vs 2020
2022: €206k▼ -1.3% vs 2021
2023: €246k▲ +19.3% vs 2022
2024: €259k▲ +5.5% vs 2023highest in 8 years
2025: €186k▼ -28.2% vs 2024
2018 → 2025
Working capital
€-7k
2024 · €269k
2018: €293khighest in 8 years
2019: €209k▼ -28.7% vs 2018
2020: €-158k▼ -176% vs 2019
2021: €-221k▼ -39.2% vs 2020
2022: €-621k▼ -182% vs 2021lowest in 8 years
2023: €33k▲ +105% vs 2022
2024: €269k▲ +723% vs 2023
2025: €-7k▼ -103% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.64M-€1.85M▲ 12.5%€2.09M▲ 13.3%€2.35M▲ 12.4%€2.14M▼ 9.1%
2021: €1.64Mlowest in 5 years
2022: €1.85M▲ +12.5% vs 2021
2023: €2.09M▲ +13.3% vs 2022
2024: €2.35M▲ +12.4% vs 2023highest in 5 years
2025: €2.14M▼ -9.1% vs 2024
Operating result€290k-€321k▲ 10.9%€375k▲ 16.7%€396k▲ 5.6%€282k▼ 28.9%
2021: €290k
2022: €321k▲ +10.9% vs 2021
2023: €375k▲ +16.7% vs 2022
2024: €396k▲ +5.6% vs 2023highest in 5 years
2025: €282k▼ -28.9% vs 2024lowest in 5 years
Net result€208k-€206k▼ 1.3%€246k▲ 19.3%€259k▲ 5.5%€186k▼ 28.2%
2021: €208k
2022: €206k▼ -1.3% vs 2021
2023: €246k▲ +19.3% vs 2022
2024: €259k▲ +5.5% vs 2023highest in 5 years
2025: €186k▼ -28.2% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.85M
Fixed assets
€2.15M ▼ 6.4%
Current assets
€706k ▲ 16.0%
Equity and liabilities €2.85M
Equity
€2.14M ▼ 9.1%
Debt
€713k ▲ 29.7%
Debt's share of the balance-sheet total rises from 18.9% to 25.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€447k▼
2024 · €563k
Cash flow
€351k▼
2024 · €426k
Current ratio
0.99▼
2024 · 1.79
Debt to equity
0.33▲
2024 · 0.23
ROE
8.7%▼
2024 · 11.0%
ROA
6.5%▼
2024 · 8.9%
Interest coverage
160.97▲
2024 · 79.04
Debt ≤ 1 year
€713k▲
2024 · €339k
Income taxes
€94k▼
2024 · €131k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.90M€2.85M▼
Fixed assets21/28€2.29M€2.15M▼
Tangible fixed assets22/27€2.29M€2.15M▼
Land and buildings22€2.27M€2.13M▼
Plant, machinery and equipment23€14k€13k▼
Furniture and vehicles24€10k€7k▼
Current assets29/58€608k€706k▲
Amounts receivable within one year40/41€120k€304k▲
Trade receivables40€110k€19k▼
Other amounts receivable41€10k€285k▲
Current investments50/53€70€70=
Cash at bank and in hand54/58€473k€400k▼
Deferred charges and accrued income490/1€16k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.90M€2.85M▼
Equity10/15€2.35M€2.14M▼
Contributions10/11€500k€500k=
Reserves13€1.39M€1.17M▼
Non-distributable reserves130/1€124k€124k=
Reserves not available under the articles1311€124k€124k=
Distributable reserves133€1.26M€1.05M▼
Profit (loss) carried forward14€465k€465k=
Amounts payable17/49€550k€713k▲
Amounts payable after more than one year17€151k-
Financial debts170/4€151k-
Amounts payable within one year42/48€339k€713k▲
Current portion of amounts payable after more than one year42€190k€151k▼
Trade debts44€20k€19k▼
Suppliers440/4€20k€19k▼
Taxes, remuneration and social security45€126k€142k▲
Taxes450/3€126k€142k▲
Other amounts payable47/48€4k€401k▲
Accrued charges and deferred income492/3€60k-
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€167k€165k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€32k
Other operating charges640/8€52k€54k▲
Gross operating margin9900€615k€533k▼
Operating profit (loss)9901€396k€282k▼
Financial income75/76B€801€625▼
Recurring financial income75€801€625▼
Financial charges65/66B€7k€3k▼
Recurring financial charges65€7k€3k▼
Profit (loss) for the period before taxes9903€390k€280k▼
Income taxes67/77€131k€94k▼
Profit (loss) for the period9904€259k€186k▼
Profit (loss) for the period to be appropriated9905€259k€186k▼
Appropriation of the result
Profit (loss) to be appropriated9906€724k€651k▼
Profit (loss) brought forward from the previous period14P€465k€465k=
Transfer from equity791/2-€400k
Transfer to equity691/2€259k€186k▼
To other reserves6921€259k€186k▼
Profit to be distributed694/7-€400k
Return on contributions (dividend)694-€400k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €176k | €170k | €164k | €167k | €165k | ▼ 0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2k | - | - | €32k | - |
| Other operating charges640/8 | €63k | €52k | €51k | €52k | €54k | ▲ 3.6% |
| Non-recurring operating charges66A | €15k | €1k | €8k | - | - | - |
| Gross operating margin9900 | €543k | €547k | €597k | €615k | €533k | ▼ 13.3% |
| Operating profit (loss)9901 | €290k | €321k | €375k | €396k | €282k | ▼ 28.9% |
| Financial income75/76B | €0 | €20 | - | €801 | €625 | ▼ 21.9% |
| Recurring financial income75 | €0 | €20 | - | €801 | €625 | ▼ 21.9% |
| Financial charges65/66B | €24k | €18k | €11k | €7k | €3k | ▼ 61.0% |
| Recurring financial charges65 | €24k | €18k | €11k | €7k | €3k | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | €265k | €303k | €364k | €390k | €280k | ▼ 28.3% |
| Income taxes67/77 | €57k | €98k | €119k | €131k | €94k | ▼ 28.5% |
| Profit (loss) for the period9904 | €208k | €206k | €246k | €259k | €186k | ▼ 28.2% |
| Profit (loss) for the period to be appropriated9905 | €208k | €206k | €246k | €259k | €186k | ▼ 28.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.02M | €3.23M | €2.84M | €2.90M | €2.85M | ▼ 1.7% |
| Fixed assets21/28 | €2.65M | €3.05M | €2.46M | €2.29M | €2.15M | ▼ 6.4% |
| Tangible fixed assets22/27 | €2.65M | €3.05M | €2.46M | €2.29M | €2.15M | ▼ 6.4% |
| Land and buildings22 | €2.58M | €2.50M | €2.43M | €2.27M | €2.13M | ▼ 6.3% |
| Plant, machinery and equipment23 | €7k | €5k | €15k | €14k | €13k | ▼ 11.0% |
| Furniture and vehicles24 | €64k | €18k | €15k | €10k | €7k | ▼ 34.5% |
| Assets under construction and advance payments27 | - | €527k | - | - | - | - |
| Current assets29/58 | €366k | €176k | €383k | €608k | €706k | ▲ 16.0% |
| Amounts receivable within one year40/41 | €152k | €124k | €68k | €120k | €304k | ▲ 154% |
| Trade receivables40 | €95k | €111k | €68k | €110k | €19k | ▼ 82.6% |
| Other amounts receivable41 | €56k | €13k | - | €10k | €285k | ▲ 2,750% |
| Current investments50/53 | €70 | €70 | €70 | €70 | €70 | = |
| Cash at bank and in hand54/58 | €201k | €53k | €315k | €473k | €400k | ▼ 15.3% |
| Deferred charges and accrued income490/1 | €13k | - | - | €16k | €1k | ▼ 91.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.02M | €3.23M | €2.84M | €2.90M | €2.85M | ▼ 1.7% |
| Equity10/15 | €1.64M | €1.85M | €2.09M | €2.35M | €2.14M | ▼ 9.1% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Capital10 | €500k | - | - | - | - | - |
| Issued capital100 | €500k | - | - | - | - | - |
| Reserves13 | €678k | €883k | €1.13M | €1.39M | €1.17M | ▼ 15.4% |
| Non-distributable reserves130/1 | €124k | €124k | €124k | €124k | €124k | = |
| Legal reserve130 | €124k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €124k | €124k | €124k | €124k | = |
| Distributable reserves133 | €554k | €760k | €1.01M | €1.26M | €1.05M | ▼ 16.9% |
| Profit (loss) carried forward14 | €465k | €465k | €465k | €465k | €465k | = |
| Amounts payable17/49 | €1.37M | €1.38M | €747k | €550k | €713k | ▲ 29.7% |
| Amounts payable after more than one year17 | €715k | €529k | €341k | €151k | - | - |
| Financial debts170/4 | €715k | €529k | €341k | €151k | - | - |
| Amounts payable within one year42/48 | €586k | €798k | €350k | €339k | €713k | ▲ 110% |
| Current portion of amounts payable after more than one year42 | €184k | €186k | €188k | €190k | €151k | ▼ 20.5% |
| Financial debts43 | €300k | €450k | €100k | - | - | - |
| Credit institutions430/8 | - | - | €100k | - | - | - |
| Other loans439 | €300k | €450k | - | - | - | - |
| Trade debts44 | €39k | €24k | €13k | €20k | €19k | ▼ 6.0% |
| Suppliers440/4 | €39k | €24k | €13k | €20k | €19k | ▼ 6.0% |
| Taxes, remuneration and social security45 | €55k | €135k | €46k | €126k | €142k | ▲ 13.4% |
| Taxes450/3 | €55k | €135k | €46k | €126k | €142k | ▲ 13.4% |
| Other amounts payable47/48 | €8k | €3k | €4k | €4k | €401k | ▲ 10,352% |
| Accrued charges and deferred income492/3 | €72k | €54k | €56k | €60k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €208k | €206k | €246k | €259k | €186k | ▼ 28.2% |
| + Depreciation and write-downs630 | €176k | €170k | €164k | €167k | €165k | ▼ 0.9% |
| Operating cash flow (approximation) | €384k | €376k | €409k | €426k | €351k | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | €-572k | €430k | €-3k | €-17k | ▼ 420% |
| Change in cash | - | €-148k | €262k | €158k | €-72k | ▼ 146% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €259k ▲5.5%
Operating result €396k, net result €259k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 1.09
Current ratio from 0.22 to 1.09; short-term debt falls from €798k to €350k.
31-12
Financial
Equity above €2MEq €2.09M ▲13.3%
6 profitable years in a row build equity to €2.09M.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Directors · office · real estate
Directors
11 acts for this company are 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, Affligem · 1 establishment unit since 1966
Ground area
8,937 m²
Building footprint
993 m²
Volume, LiDAR
13,734 m³
2 parcels, Flanders · tallest building 23.1 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
SERIMCON NV
since 19662.000.824.839
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23021A0330/00H002 | Flanders | 6,559 m² | 1 · 234 m² | 12.4 m · 3 fl. |
| 41002A1081/00G000 | Flanders | 2,378 m² | 1 · 759 m² | 23.1 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,562 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.