Equity
SERLET has made a profit in every financial year since 2015.
SERLET has made a profit in every financial year since 2015.
The last five annual accounts were filed 18 to 60 days before the end of the period.
Higher solvency than 95% of companies in building services and landscaping. Sector median 40.5% · 5,714 companies.
The dashed line is the sector median: 0.9% across 7,712 companies (NACE 81, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 81, micro). It does better than 92% of them on solvency, 99% on liquidity, 46% on profitability and 44% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
In July 2024, 10,904 companies had the same profile as SERLET has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of SERLET itself: < 0.1% within 12 months.
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.
| 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 10,904 companies, not a prediction for SERLET. 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.
Liquidity is ample, with a current ratio of 8.54 (9.12 in 2024), above the usual 1.5. Short-term debt is 9.8% and cash 68.1% of total assets. 9.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SERLET Wervik | €386,039 | €76,562 | 90.2% | - |
| VAN DER HOOGERSTRAETE Kaprijke | €401,696 | €77,537 | 22.8% | - |
| Endorse Deinze | €366,702 | €78,915 | 17.5% | - |
| TFH CONCEPT Seneffe | €345,659 | €68,009 | 7.1% | - |
| Gardeno Berchem-Sainte-Agathe | €340,346 | €70,097 | 17.5% | - |
| TUINCONCEPT DE VIS GUNTHER Dendermonde | €355,390 | €91,635 | 42.0% | - |
| THE GARDEN bvba Waasmunster | €369,691 | €62,024 | 31.3% | - |
These companies have the same main activity as SERLET: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €340,000 and €402,000, founded between 2014 and 2015.
SERLET files the micro format. That format states no turnover. The gross margin fell from €81,793 in 2015 to €76,562 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €150,000 and €330,000.
Higher than 95% of 5,714 companies in 2025.
Higher than 95% of 5,575 companies in 2025.
Higher than 41% of 5,601 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
386,039 | 361,507 | 385,584 | 369,296 | 286,696 | 268,542 | 225,311 | 210,880 | 190,124 | 170,003 | 111,393 | |
21/28 |
63,137 | 82,278 | 92,983 | 75,167 | 77,115 | 76,485 | 53,415 | 67,782 | 83,218 | 24,757 | 19,846 | |
22/27 |
63,137 | 82,278 | 92,983 | 75,167 | 77,115 | 76,485 | 53,415 | 67,782 | 83,218 | 24,757 | 19,846 | |
22 |
25,231 | 28,334 | 31,709 | 26,177 | 27,430 | 13,559 | 8,234 | 9,833 | 8,907 | 2,174 | 2,446 | |
23 |
32,710 | 47,375 | 54,208 | 39,945 | 39,739 | 47,708 | 24,580 | 26,825 | 32,688 | 21,748 | 16,885 | |
24 |
5,196 | 6,569 | 7,066 | 9,046 | 9,946 | 15,217 | 20,601 | 31,125 | 41,623 | 835 | 516 | |
29/58 |
322,902 | 279,228 | 292,602 | 294,128 | 209,581 | 192,057 | 171,896 | 143,098 | 106,906 | 145,245 | 91,547 | |
3 |
- | 15,070 | - | - | - | - | - | - | - | - | - | |
37 |
- | 15,070 | - | - | - | - | - | - | - | - | - | |
40/41 |
55,849 | 28,836 | 25,340 | 17,445 | 43,117 | 20,627 | 53,292 | 32,418 | 36,957 | 40,757 | 25,186 | |
40 |
42,374 | 19,613 | 19,500 | 14,961 | 31,824 | 17,772 | 50,990 | 27,197 | 23,365 | 34,764 | 19,193 | |
41 |
13,474 | 9,223 | 5,840 | 2,484 | 11,293 | 2,856 | 2,302 | 5,221 | 13,592 | 5,992 | 5,992 | |
50/53 |
- | - | 230,265 | 239,734 | 136,234 | 106,234 | 93,240 | 97,780 | 58,581 | 94,115 | 6,657 | |
54/58 |
262,764 | 231,657 | 36,997 | 33,144 | 28,230 | 65,196 | 25,101 | 12,900 | 11,368 | 10,374 | 59,704 | |
490/1 |
4,289 | 3,665 | - | 3,805 | 2,000 | - | 262 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
386,039 | 361,507 | 385,584 | 369,296 | 286,696 | 268,542 | 225,311 | 210,880 | 190,124 | 170,003 | 111,393 | |
10/15 |
348,209 | 330,880 | 327,118 | 280,271 | 194,109 | 187,098 | 142,396 | 91,287 | 69,848 | 67,886 | 46,884 | |
10/11 |
18,600 | 20,460 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | 18,600 | 18,600 | 18,600 | - | - | - | - | - | - | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
329,609 | 310,420 | 1,940 | 1,940 | 1,940 | 1,940 | 1,940 | 1,940 | 1,940 | 1,940 | 1,940 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
132 |
80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | |
133 |
329,529 | 310,340 | - | - | - | - | - | - | - | - | - | |
14 |
- | - | 306,578 | 259,731 | 173,569 | 166,558 | 121,856 | 70,747 | 49,307 | 47,346 | 26,344 | |
17/49 |
37,830 | 30,627 | 58,466 | 89,025 | 92,587 | 81,445 | 82,915 | 119,593 | 120,276 | 102,117 | 64,509 | |
42/48 |
37,830 | 30,627 | 58,466 | 89,025 | 92,587 | 81,445 | 82,915 | 119,593 | 120,276 | 102,103 | 64,509 | |
43 |
- | - | - | - | - | - | - | - | 134 | 576 | - | |
430/8 |
- | - | - | - | - | - | - | - | 134 | 576 | - | |
44 |
25,178 | 14,099 | 5,896 | 9,257 | 13,246 | 22,418 | 3,674 | 16,370 | 10,281 | 14,257 | 20,221 | |
440/4 |
25,178 | 14,099 | 5,896 | 9,257 | 13,246 | 22,418 | 3,674 | 16,370 | 10,281 | 14,257 | 20,221 | |
45 |
2,022 | 8,523 | 49,782 | 72,618 | 62,837 | 53,681 | 63,560 | 59,925 | 72,281 | 46,485 | 35,345 | |
450/3 |
2,022 | 8,310 | - | - | 7,253 | - | 30 | 465 | 12,652 | 11,503 | - | |
454/9 |
- | 214 | 49,782 | 72,618 | 55,585 | 53,681 | 63,530 | 59,460 | 59,629 | 34,982 | 35,345 | |
47/48 |
10,630 | 8,005 | 2,789 | 7,150 | 16,504 | 5,347 | 15,680 | 43,298 | 37,581 | 40,784 | 8,943 | |
492/3 |
- | - | - | - | - | - | - | - | - | 14 | - | |
| Income statement | ||||||||||||
76A |
- | - | - | 258 | - | - | - | - | - | - | - | |
9900 |
76,562 | 75,714 | 84,433 | 127,528 | 54,387 | 68,485 | 91,837 | 90,112 | 100,179 | 102,031 | 81,793 | |
62 |
- | 10,339 | 3,388 | 18,124 | - | 674 | 7,343 | 39,077 | 51,625 | 57,032 | 47,411 | |
630 |
20,880 | 27,347 | 24,095 | 18,211 | 24,587 | 17,141 | 26,683 | 24,139 | 22,399 | 7,005 | 5,572 | |
640/8 |
28,507 | 1,275 | 1,369 | 1,283 | 1,234 | 1,224 | 1,207 | 2,113 | 4,904 | 4,566 | 564 | |
66A |
- | - | - | 420 | - | 1,279 | - | 3,766 | - | - | - | |
9901 |
27,174 | 36,753 | 55,581 | 89,490 | 28,566 | 48,167 | 56,604 | 21,016 | 21,251 | 33,428 | 28,246 | |
75/76B |
1,913 | 952 | 19 | 2 | 2,050 | - | 0 | 21 | 101 | 1 | - | |
75 |
1,913 | 952 | 19 | 2 | 2,050 | - | 0 | 21 | 101 | 1 | - | |
65/66B |
555 | 226 | 112 | 120 | 784 | 446 | 107 | 107 | 62 | 310 | 42 | |
65 |
555 | 226 | 112 | 120 | 784 | 166 | 107 | 107 | 62 | 310 | 42 | |
66B |
- | - | - | - | - | 280 | - | - | - | - | - | |
9903 |
28,533 | 37,479 | 55,488 | 89,372 | 29,832 | 47,722 | 56,497 | 20,930 | 21,290 | 33,119 | 28,204 | |
67/77 |
11,203 | 33,717 | 8,647 | 3,210 | 22,821 | 3,020 | 5,388 | -509 | 19,328 | 7,117 | - | |
9904 |
17,329 | 3,762 | 46,841 | 86,162 | 7,011 | 44,702 | 51,109 | 21,440 | 1,961 | 26,002 | 28,204 | |
9905 |
17,329 | 3,762 | 46,841 | 86,162 | 7,011 | 44,702 | 51,109 | 21,440 | 1,961 | 26,002 | 28,204 | |
| Appropriation of the result | ||||||||||||
9906 |
17,329 | 3,762 | 306,578 | 259,731 | 173,569 | 166,558 | 121,856 | 70,747 | 49,307 | 52,346 | 28,204 | |
14P |
- | 0 | 259,737 | 173,569 | 166,558 | - | - | - | - | - | - | |
691/2 |
17,329 | 3,762 | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
17,329 | 3,762 | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | 5,000 | - | |
695 |
- | - | - | - | - | - | - | - | - | 5,000 | - | |
| Social balance sheet | ||||||||||||
9087 |
- | - | - | - | - | - | 1 | 1.4 | 1.6 | 1.6 | 0.7 | |
Hours worked1013 |
- | - | - | - | - | - | 380 | 2,138 | 2,509 | 2 | 38,193 | |
| Document | ||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 01-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-06-2026 | 2026-00138469 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00116391 | |
| 31-12-2023 | micro format | 02-07-2024 | 2024-00193457 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00232308 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20106227 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-30800388 | |
| 31-12-2019 | micro format | 07-07-2020 | 2020-26500566 | |
| 31-12-2018 | micro format | 19-06-2019 | 2019-19400158 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-29800497 | |
| 31-12-2016 | micro format | 24-06-2017 | 2017-21100234 | |
| 31-12-2015 | abbreviated format | 08-07-2016 | 2016-28800231 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,000 | €1,000 |
| 2024 | 1 | €75 | €75 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48,054 | 64,100 | 79,676 | 107,700 | 53,153 | 65,309 | 83,287 | 45,156 | 43,650 | 40,433 | 33,818 | ||
| 38,209 | 31,109 | 70,936 | 104,373 | 31,599 | 61,843 | 77,791 | 45,579 | 24,360 | 33,007 | 33,776 | ||
| 1,739 | 16,643 | 41,910 | 12,472 | 25,217 | 40,211 | 12,316 | 8,704 | 80,859 | 11,916 | 25,338 | ||
| 31,107 | 194,660 | 3,853 | 4,914 | -36,966 | 40,095 | 12,201 | 1,532 | 995 | -49,331 | - | ||
| 285,072 | 248,602 | 234,136 | 205,103 | 116,994 | 110,613 | 88,981 | 23,505 | -13,370 | 43,143 | 27,038 | ||
| 90.2% | 91.5% | 84.8% | 75.9% | 67.7% | 69.7% | 63.2% | 43.3% | 36.7% | 39.9% | 42.1% | ||
| 8.54 | 9.12 | 5.00 | 3.30 | 2.26 | 2.36 | 2.07 | 1.20 | 0.89 | 1.42 | 1.42 | ||
| 8.54 | 8.63 | 5.00 | 3.30 | 2.26 | 2.36 | 2.07 | 1.20 | 0.89 | 1.42 | 1.42 | ||
| 0.11 | 0.09 | 0.18 | 0.32 | 0.48 | 0.44 | 0.58 | 1.31 | 1.72 | 1.50 | 1.38 | ||
| 5.0% | 1.1% | 14.3% | 30.7% | 3.6% | 23.9% | 35.9% | 23.5% | 2.8% | 38.3% | 60.2% | ||
| 4.5% | 1.0% | 12.1% | 23.3% | 2.4% | 16.6% | 22.7% | 10.2% | 1.0% | 15.3% | 25.3% | ||
| 86.63 | over 100 | over 100 | over 100 | 67.80 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,739 | €16,643 | €41,910 | €12,472 | €25,217 |
| €20,880 | €27,347 | €24,095 | €18,211 | €24,587 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 26% lower than in 2024 and the lowest since 2018. It is the third fall in a row.
Debt's share of the balance-sheet total rises from 8.5% to 9.8%. Equity and debt are higher.
SERLET has no parent and no holdings in its annual accounts. SERLET shares no director with another company.
| Serlet, Helmut (sole trader)
establishment since 28-03-1990 |
founded in 1987 0526.546.385 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Tuinen Helmut Serlet registered office Lage Meers 10, 8940 Wervik | 13-04-2015 | 2.254.883.972 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 33009C1315/00M000 | 1,213 m² | 1 · 164 m² | 6.9 m · 2 |
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