SERLAU
Open bankruptcyA bankruptcy procedure is open for SERLAU according to publications in the Belgian State Gazette; curator: PIERRE MACHIELS.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2023 annual accounts show negative equity (€-92k) and a net result of €-43k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-07-2024, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
9 d early
2022
85 d late
2021
23 d late
2020
31 d late
2019
207 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€164k
EBIT margin
-40.2%
Net result
€-43k▲ 35.2%
2022 · €-66k
2018: €20khighest in 6 years
2019: €-41k▼ -309% vs 2018
2020: €13k▲ +131% vs 2019
2021: €6k▼ -50.2% vs 2020
2022: €-66k▼ -1147% vs 2021lowest in 6 years
2023: €-43k▲ +35.2% vs 2022
2018 → 2023
Working capital
€-103k▼ 64.3%
2022 · €-63k
2018: €30khighest in 6 years
2019: €-29k▼ -196% vs 2018
2020: €-16k▲ +42.6% vs 2019
2021: €889▲ +105% vs 2020
2022: €-63k▼ -7177% vs 2021
2023: €-103k▼ -64.3% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€164k
Equity€-2k-€11k€17k▲ 59.6%€-49k€-92k▼ 87.1%
2019: €-2k
2020: €11k▲ +607% vs 2019
2021: €17k▲ +59.6% vs 2020highest in 5 years
2022: €-49k▼ -391% vs 2021
2023: €-92k▼ -87.1% vs 2022lowest in 5 years
Operating result€-38k-€15k€7k▼ 51.7%€-66k€-40k▲ 39.1%
2019: €-38k
2020: €15k▲ +141% vs 2019highest in 5 years
2021: €7k▼ -51.7% vs 2020
2022: €-66k▼ -983% vs 2021lowest in 5 years
2023: €-40k▲ +39.1% vs 2022
Net result€-41k-€13k€6k▼ 50.2%€-66k€-43k▲ 35.2%
2019: €-41k
2020: €13k▲ +131% vs 2019highest in 5 years
2021: €6k▼ -50.2% vs 2020
2022: €-66k▼ -1147% vs 2021lowest in 5 years
2023: €-43k▲ +35.2% vs 2022
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40k in 2023 against €66k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €63k
Fixed assets
€11k ▼ 19.2%
Current assets
€52k ▲ 11.1%
Key figures and ratios
EBITDA
€-38k▲
2022 · €-63k
Cash flow
€-40k▲
2022 · €-64k
Solvency
-146.3%▼
2022 · -81.6%
Current ratio
0.34▼
2022 · 0.43
Quick ratio
0.28▼
2022 · 0.36
Debt to equity
-1.68▲
2022 · -2.23
ROA
-68.1%▲
2022 · -109.6%
Interest coverage
-5.11▲
2022 · -115.88
Debt
€156k▲
2022 · €110k
Debt ≤ 1 year
€156k▲
2022 · €110k
Staff costs
€158k▲
2022 · €89k
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 · 2023 against 2022 · 45 lines
Balance sheet
Code20222023
Assets
Total assets20/58€61k€63k▲
Fixed assets21/28€14k€11k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€1k€735▼
Furniture and vehicles24€1k€735▼
Financial fixed assets28€8k€8k=
Current assets29/58€47k€52k▲
Stocks and contracts in progress3€8k€8k▲
Stocks30/36€8k€8k▲
Amounts receivable within one year40/41€14k€36k▲
Trade receivables40-€2k
Other amounts receivable41€14k€34k▲
Cash at bank and in hand54/58€25k€8k▼
Equity and liabilities
Total equity and liabilities10/49€61k€63k▲
Equity10/15€-49k€-92k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-70k€-113k▼
Amounts payable17/49€110k€156k▲
Amounts payable within one year42/48€110k€156k▲
Trade debts44€83k€60k▼
Suppliers440/4€83k€60k▼
Taxes, remuneration and social security45€16k€91k▲
Taxes450/3-€31k
Remuneration and social security454/9€16k€59k▲
Other amounts payable47/48€11k€5k▼
Income statement
Code20222023
Turnover70€164k-
Non-recurring operating income76A€175k-
Goods, raw materials, services and sundry goods60/61€161k-
Remuneration, social security and pensions62€89k€158k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€154k€3k▼
Gross operating margin9900€179k€124k▼
Operating profit (loss)9901€-66k€-40k▲
Financial income75/76B€133€5k▲
Recurring financial income75€133€5k▲
Financial charges65/66B€547€7k▲
Recurring financial charges65€547€7k▲
Profit (loss) for the period before taxes9903€-66k€-43k▲
Profit (loss) for the period9904€-66k€-43k▲
Profit (loss) for the period to be appropriated9905€-66k€-43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-70k€-113k▼
Profit (loss) brought forward from the previous period14P€-3k€-70k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €164k | - | - |
| Non-recurring operating income76A | - | - | - | €175k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €161k | - | - |
| Remuneration, social security and pensions62 | - | - | €44k | €89k | €158k | ▲ 78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €3k | €3k | €3k | = |
| Other operating charges640/8 | - | - | €2k | €154k | €3k | ▼ 97.9% |
| Non-recurring operating charges66A | - | - | €19k | - | - | - |
| Gross operating margin9900 | €130k | €181k | €74k | €179k | €124k | ▼ 30.8% |
| Operating profit (loss)9901 | €-38k | €15k | €7k | €-66k | €-40k | ▲ 39.1% |
| Financial income75/76B | - | - | €355 | €133 | €5k | ▲ 3,299% |
| Recurring financial income75 | €815 | €74 | €355 | €133 | €5k | ▲ 3,299% |
| Financial charges65/66B | - | - | €1k | €547 | €7k | ▲ 1,246% |
| Recurring financial charges65 | €3k | €1k | €1k | €547 | €7k | ▲ 1,246% |
| Profit (loss) for the period before taxes9903 | €-40k | €14k | €6k | €-66k | €-43k | ▲ 35.2% |
| Income taxes67/77 | €767 | €2k | - | - | - | - |
| Profit (loss) for the period9904 | €-41k | €13k | €6k | €-66k | €-43k | ▲ 35.2% |
| Profit (loss) for the period to be appropriated9905 | €-41k | €13k | €6k | €-66k | €-43k | ▲ 35.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45k | €88k | €53k | €61k | €63k | ▲ 4.3% |
| Fixed assets21/28 | €27k | €27k | €16k | €14k | €11k | ▼ 19.2% |
| Intangible fixed assets21 | €10k | €8k | €6k | €4k | €2k | ▼ 50.0% |
| Tangible fixed assets22/27 | €8k | €11k | €2k | €1k | €735 | ▼ 44.4% |
| Furniture and vehicles24 | - | - | €2k | €1k | €735 | ▼ 44.4% |
| Financial fixed assets28 | €9k | €8k | €8k | €8k | €8k | = |
| Current assets29/58 | €18k | €61k | €37k | €47k | €52k | ▲ 11.1% |
| Stocks and contracts in progress3 | €4k | €7k | - | €8k | €8k | ▲ 7.2% |
| Stocks30/36 | - | - | - | €8k | €8k | ▲ 7.2% |
| Amounts receivable within one year40/41 | €13k | €7k | €12k | €14k | €36k | ▲ 154% |
| Trade receivables40 | - | - | €809 | - | €2k | - |
| Other amounts receivable41 | - | - | €11k | €14k | €34k | ▲ 144% |
| Cash at bank and in hand54/58 | €1k | €47k | €25k | €25k | €8k | ▼ 66.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45k | €88k | €53k | €61k | €63k | ▲ 4.3% |
| Equity10/15 | €-2k | €11k | €17k | €-49k | €-92k | ▼ 87.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | - | €19k | - | - | - |
| Issued capital100 | - | - | €19k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Legal reserve130 | - | - | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-23k | €-10k | €-3k | €-70k | €-113k | ▼ 61.6% |
| Amounts payable17/49 | €47k | €77k | €36k | €110k | €156k | ▲ 41.5% |
| Amounts payable within one year42/48 | €47k | €77k | €36k | €110k | €156k | ▲ 41.5% |
| Trade debts44 | €28k | €7k | €22k | €83k | €60k | ▼ 27.8% |
| Suppliers440/4 | - | - | €22k | €83k | €60k | ▼ 27.8% |
| Taxes, remuneration and social security45 | - | - | €9k | €16k | €91k | ▲ 454% |
| Taxes450/3 | - | - | - | - | €31k | - |
| Remuneration and social security454/9 | - | - | €9k | €16k | €59k | ▲ 263% |
| Other amounts payable47/48 | - | - | €5k | €11k | €5k | ▼ 52.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-41k | €13k | €6k | €-66k | €-43k | ▲ 35.2% |
| + Depreciation and write-downs630 | €3k | €6k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €-39k | €18k | €9k | €-64k | €-40k | ▲ 36.6% |
| Investment in fixed assets (approximation) | - | €-6k | €8k | €0 | €0 | - |
| Change in cash | - | €45k | €-22k | €762 | €-17k | ▼ 2,329% |
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
2025
28-02
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 24-02-2025
2024
14-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise de Liège · event 07-11-2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
18-07
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collective agreement · event 11-07-2024
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
31-12
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 207 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 2 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
Show earlier events
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
14-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 14 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Esneux · 1 establishment unit since 2020
Ground area
129 m²
Building footprint
97 m²
Parcel 62101D0211/00R000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
A PORAI
since 20202.298.785.875
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62101D0211/00R000 | Wallonia | 129 m² | 1 · 96 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE MACHIELS RUE DES CROISIERS 15, 4500 HUY- |
24-02-2025 → present |
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,458 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Contact
E-mail
infoserlau@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.