SERKOBRAS
ActiveSERKOBRAS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €187k and a net result of €46k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-2
Solvency51▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.38 in 2023; short-term debt: 37.6% and cash: 1.8% of total assets), and 73.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 29-09-2025, 60 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
60 d late
2023
60 d late
2022
71 d late
2021
47 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€187k▲ 10.1%
2023 · €170k
2018: €80k
2019: €89k
2020: €87k
2021: €114k
2022: €136k
2023: €170k
2018 → 2024
Total assets
€710k▼ 9.9%
2023 · €788k
2018: €838k
2019: €841k
2020: €681k
2021: €758k
2022: €784k
2023: €788k
2018 → 2024
Net result
€46k▼ 26.0%
2023 · €62k
2018: €25k
2019: €22k
2020: €-2k
2021: €52k
2022: €50k
2023: €62k
2018 → 2024
Working capital
€27k▼ 80.6%
2023 · €139k
2018: €48k
2019: €-25k
2020: €42k
2021: €158k
2022: €156k
2023: €139k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€87k-€114k▲ 31.2%€136k▲ 19.4%€170k▲ 24.5%€187k▲ 10.1%
Operating result€6k-€56k▲ 831%€60k▲ 7.0%€74k▲ 22.8%€60k▼ 19.2%
Net result€-2k-€52k€50k▼ 3.9%€62k▲ 24.5%€46k▼ 26.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €710k
Fixed assets
€416k▲ 45.0%
Current assets
€294k▼ 41.4%
Equity and liabilities €710k
Equity
€187k▲ 10.1%
Debt
€523k▼ 15.4%
The debt ratio falls from 78.5% to 73.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€153k▼
2023 · €154k
Cash flow
€139k▼
2023 · €142k
Solvency
26.3%▲
2023 · 21.5%
Current ratio
1.10▼
2023 · 1.38
Quick ratio
0.62▼
2023 · 1.21
Debt / equity
2.80▼
2023 · 3.64
ROE
24.7%▼
2023 · 36.8%
ROA
6.5%▼
2023 · 7.9%
Interest coverage
51.05▲
2023 · 43.97
Debt
€523k▼
2023 · €618k
Debt ≤ 1 year
€267k▼
2023 · €362k
Debt > 1 year
€253k=
2023 · €253k
Income taxes
€11k▲
2023 · €8k
Staff costs
€210k▲
2023 · €181k
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€788k€710k▼
Fixed assets21/28€287k€416k▲
Tangible fixed assets22/27€282k€411k▲
Plant, machinery and equipment23€246k€303k▲
Furniture and vehicles24€35k€108k▲
Financial fixed assets28€6k€6k=
Current assets29/58€501k€294k▼
Stocks and contracts in progress3€62k€127k▲
Stocks30/36€62k€127k▲
Amounts receivable within one year40/41€181k€142k▼
Trade receivables40€106k€53k▼
Other amounts receivable41€74k€89k▲
Cash at bank and in hand54/58€249k€13k▼
Deferred charges and accrued income490/1€9k€12k▲
Equity and liabilities
Total equity and liabilities10/49€788k€710k▼
Equity10/15€170k€187k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€10k€10k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€98k€115k▲
Amounts payable17/49€618k€523k▼
Amounts payable after more than one year17€253k€253k=
Financial debts170/4€253k€253k=
Amounts payable within one year42/48€362k€267k▼
Current portion of amounts payable after more than one year42€21k-
Financial debts43€23k€23k=
Credit institutions430/8€23k€23k=
Trade debts44€206k€142k▼
Suppliers440/4€206k€142k▼
Taxes, remuneration and social security45€24k€41k▲
Taxes450/3€24k€33k▲
Remuneration and social security454/9€509€8k▲
Other amounts payable47/48€88k€61k▼
Accrued charges and deferred income492/3€3k€3k=
Income statement
Code20232024
Remuneration, social security and pensions62€181k€210k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€93k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€79k-
Other operating charges640/8€15k€3k▼
Gross operating margin9900€429k€366k▼
Operating profit (loss)9901€74k€60k▼
Financial income75/76B-€12
Recurring financial income75-€12
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€71k€57k▼
Income taxes67/77€8k€11k▲
Profit (loss) for the period9904€62k€46k▼
Profit (loss) for the period to be appropriated9905€62k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€144k▲
Profit (loss) brought forward from the previous period14P€64k€98k▲
Profit to be distributed694/7€29k€29k=
Directors or managers695€29k€29k=
Social balance
Average headcount (FTE)90873.03.5▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 60 days late
2023
31-12
Financial
Highest result since 2018net €62k ▲24.5%
Operating result €74k, net result €62k, both a record.
31-12
Financial
Equity above €150kEq €170k ▲24.5%
3 profitable years in a row build equity to €170k.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 71 days late
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 47 days late
2021
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
31-12
Financial
Equity above €100kEq €114k ▲31.2%
Equity rises from €87k to €114k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-2k ▼108%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Grimbergen · 1 establishment unit since 1993
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.
Oostvaartdijk 481850 GrimbergenGround area
441 m²
Building footprint
368 m²
Volume, LiDAR
2,435 m³
Parcel 23025B0055/00L000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SERKOBRAS
since 19932.061.222.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025B0055/00L000 | Flanders | 441 m² | 1 · 368 m² | 11.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,183 EUR awarded · 2,183 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 993 EUR | 993 EUR |
| 2024 | 1 | 513 EUR | 513 EUR |
| 2023 | 1 | 318 EUR | 318 EUR |
| 2022 | 1 | 359 EUR | 359 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Vanhollebeke
BE 0405.374.975
Anzegem · Eq €187k
Van Luchene
BE 0469.207.014
Kortrijk · Eq €187k
Euroclima
BE 0642.639.450
Balen · Eq €187k
Polet Xavier
BE 0712.526.564
Wortegem-Petegem · Eq €187k
Dellobel
BE 0824.061.025
Koekelare · Eq €187k
Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,845 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-02-1993
Fiscal year end31-12
Activities, NACEBEL
25210Manufacture of fabricated metal products, except machinery and equipment
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.