SERLESCO
ActiveSummary
SERLESCO has been active since 1965 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €526,397 and a net result of €319,239. Equity is growing by ~9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+25
Solvency74▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity tight (current ratio 1.44 against 0.42 in 2024; short-term debt: 11.4% and cash: 10.4% of total assets), and 50.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
49.3%
Return on assets
29.9%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-03-2026, 53 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
53 d late
2024
on the day
2023
58 d late
2022
9 d late
2021
on the day
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 17 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 February (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€526,397▲ 135%
2024 · €224,159
Total assets
€1.1m▲ 62.9%
2024 · €655,895
Net result
€319,239▲ 905%
2024 · €31,763
Working capital
€53,619
2024 · -€45,418
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,856▲ 2.9%€51,393▲ 39.4%€56,951▲ 10.8%€54,018▼ 5.2%€448,553▲ 730%
Net result€18,195▲ 3.1%€28,690▲ 57.7%€32,420▲ 13.0%€31,763▼ 2.0%€319,239▲ 905%
Equity€182,285▲ 11.1%€188,975▲ 3.7%€206,395▲ 9.2%€224,159▲ 8.6%€526,397▲ 135%
Total assets€712,020▲ 41.4%€688,465▼ 3.3%€679,502▼ 1.3%€655,895▼ 3.5%€1.1m▲ 62.9%
Debt€529,735▲ 56.1%€499,490▼ 5.7%€473,107▼ 5.3%€431,737▼ 8.7%€431,732=
Working capital-€40,819▼ 73.2%-€45,256▼ 10.9%-€46,110▼ 1.9%-€45,418▲ 1.5%€53,619
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 730% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€892,871 ▲ 43.2%
Current assets
€175,796 ▲ 446%
Equity and liabilities €1.1m
Equity
€526,397 ▲ 135%
Provisions
€110,538
Debt
€431,732 =
Debt's share of the balance-sheet total falls from 65.8% to 40.4%. Equity is higher.
Key figures and ratios
EBITDA
€470,133▲
2024 · €84,858
Cash flow
€340,819▲
2024 · €62,603
Current ratio
1.44▲
2024 · 0.42
Debt to equity
0.82▼
2024 · 1.93
ROE
60.6%▲
2024 · 14.2%
ROA
29.9%▲
2024 · 4.8%
Interest coverage
54.83▲
2024 · 10.95
Debt ≤ 1 year
€122,177▲
2024 · €77,639
Debt > 1 year
€309,555▼
2024 · €352,662
Income taxes
€10,792▼
2024 · €15,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 20,134 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €446,923 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,910 | €29,022 | €30,085 | €30,840 | €21,581 | ▼ 30.0% |
| Other operating charges640/8 | - | €8,506 | €8,659 | €9,924 | €13,055 | ▲ 31.6% |
| Gross operating margin9900 | €96,503 | €88,921 | €95,696 | €94,782 | €483,189 | ▲ 410% |
| Operating profit (loss)9901 | €36,856 | €51,393 | €56,951 | €54,018 | €448,553 | ▲ 730% |
| Financial income75/76B | - | - | - | €495 | €591 | ▲ 19.3% |
| Recurring financial income75 | - | - | - | €495 | €591 | ▲ 19.3% |
| Financial charges65/66B | - | €8,967 | €8,540 | €7,750 | €8,575 | ▲ 10.6% |
| Recurring financial charges65 | €9,681 | €8,967 | €8,540 | €7,750 | €8,575 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | €27,176 | €42,426 | €48,411 | €46,763 | €440,569 | ▲ 842% |
| Transfer from deferred taxes780 | - | - | - | - | €1,193 | - |
| Transfer to deferred taxes680 | - | - | - | - | €111,731 | - |
| Income taxes67/77 | €8,981 | €13,736 | €15,991 | €15,000 | €10,792 | ▼ 28.1% |
| Profit (loss) for the period9904 | €18,195 | €28,690 | €32,420 | €31,763 | €319,239 | ▲ 905% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €3,579 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €335,192 | - |
| Profit (loss) for the period to be appropriated9905 | €18,195 | €28,690 | €32,420 | €31,763 | -€12,374 | ▼ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €712,020 | €688,465 | €679,502 | €655,895 | €1.1m | ▲ 62.9% |
| Fixed assets21/28 | €703,608 | €676,046 | €654,515 | €623,675 | €892,871 | ▲ 43.2% |
| Tangible fixed assets22/27 | €703,608 | €676,046 | €654,515 | €623,675 | €892,871 | ▲ 43.2% |
| Land and buildings22 | - | €676,046 | €627,973 | €601,529 | €858,094 | ▲ 42.7% |
| Plant, machinery and equipment23 | - | - | €26,542 | €22,147 | €15,788 | ▼ 28.7% |
| Furniture and vehicles24 | - | - | - | - | €18,990 | - |
| Current assets29/58 | €8,411 | €12,419 | €24,987 | €32,220 | €175,796 | ▲ 446% |
| Amounts receivable within one year40/41 | - | - | €8,913 | €10,228 | €59,607 | ▲ 483% |
| Trade receivables40 | - | - | - | - | €49,775 | - |
| Other amounts receivable41 | - | - | €8,913 | €10,228 | €9,832 | ▼ 3.9% |
| Cash at bank and in hand54/58 | €7,557 | €7,134 | €15,286 | €21,468 | €111,386 | ▲ 419% |
| Deferred charges and accrued income490/1 | - | €5,285 | €789 | €524 | €4,802 | ▲ 816% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €712,020 | €688,465 | €679,502 | €655,895 | €1.1m | ▲ 62.9% |
| Equity10/15 | €182,285 | €188,975 | €206,395 | €224,159 | €526,397 | ▲ 135% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €120,285 | €126,975 | €144,395 | €162,159 | €464,397 | ▲ 186% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | - | €331,613 | - |
| Distributable reserves133 | - | €120,775 | €138,195 | €155,959 | €126,584 | ▼ 18.8% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | €110,538 | - |
| Deferred taxes168 | - | - | - | - | €110,538 | - |
| Amounts payable17/49 | €529,735 | €499,490 | €473,107 | €431,737 | €431,732 | = |
| Amounts payable after more than one year17 | €480,026 | €441,688 | €395,026 | €352,662 | €309,555 | ▼ 12.2% |
| Financial debts170/4 | - | €436,641 | €395,026 | €352,662 | €309,555 | ▼ 12.2% |
| Other amounts payable178/9 | - | €5,047 | - | - | - | - |
| Amounts payable within one year42/48 | €49,230 | €57,675 | €71,097 | €77,639 | €122,177 | ▲ 57.4% |
| Current portion of amounts payable after more than one year42 | - | €40,916 | €41,615 | €42,364 | €89,807 | ▲ 112% |
| Financial debts43 | - | €9,989 | €11,705 | €12,500 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €9,989 | €11,705 | €12,500 | €0 | ▼ 100% |
| Trade debts44 | €1,366 | €5,039 | €800 | €8,775 | €12,078 | ▲ 37.6% |
| Suppliers440/4 | - | €5,039 | €800 | €8,775 | €12,078 | ▲ 37.6% |
| Taxes, remuneration and social security45 | - | €1,731 | €1,978 | €0 | €3,292 | - |
| Taxes450/3 | - | €1,731 | €1,978 | €0 | €3,292 | - |
| Other amounts payable47/48 | - | - | €15,000 | €14,000 | €17,000 | ▲ 21.4% |
| Accrued charges and deferred income492/3 | - | €127 | €6,984 | €1,436 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,195 | €28,690 | €32,420 | €31,763 | €319,239 | ▲ 905% |
| + Depreciation and write-downs630 | €51,910 | €29,022 | €30,085 | €30,840 | €21,581 | ▼ 30.0% |
| Operating cash flow (approximation) | €70,104 | €57,712 | €62,506 | €62,603 | €340,819 | ▲ 444% |
| Investment in fixed assets (approximation) | - | -€1,459 | -€8,555 | €0 | -€290,777 | - |
| Change in cash | - | -€423 | €8,152 | €6,183 | €89,918 | ▲ 1,354% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
30-06
Financial
Highest result since 2019net €319,239 ▲905%
Operating result €448,553, net result €319,239, both a record.
30-06
Financial
Liquidity triplescurrent ratio 1.44
Current ratio from 0.42 to 1.44.
30-06
Financial
Equity above €500,000Eq €526,397 ▲135%
7 profitable years in a row build equity to €526,397.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
30-06
Financial
Equity above €200,000Eq €206,395 ▲9.2%
5 profitable years in a row build equity to €206,395.
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Equity above €150,000Eq €164,090 ▲12.1%
2 profitable years in a row build equity to €164,090.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2016
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Knokke-Heist · 1 establishment unit since 1965
Ground area
153 m²
Building footprint
153 m²
Volume, LiDAR
2,140 m³
Parcel 31013A0260/00_000, Flanders · tallest building 18.6 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Jozef Nellenslaan 191, 8300 Knokke-Heist
since 19652.103.480.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0260/00_000 | Flanders | 153 m² | 1 · 153 m² | 18.6 m · 6 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded25-02-1965
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403665993
Also
9925:BE0403665993
Registered
22-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.