SERLEX
ActiveSummary
SERLEX has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €236,220 and a net result of €9,451. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▼-2
Solvency51▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.08 in 2024; short-term debt: 33.6% and cash: 0.2% of total assets), and 74% 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
26%
Return on assets
1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
4 d late
2023
7 d early
2022
30 d late
2021
115 d early
2020
122 d early
2019
154 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 51 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 4 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9,451▲ 3.4%
2024 · €9,141
Working capital
-€193,529▼ 16.6%
2024 · -€165,962
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€26,570▼ 37.6%€17,746▼ 33.2%€17,612▼ 0.8%€26,158▲ 48.5%€20,256▼ 22.6%
Net result€8,262▼ 66.9%-€7,224€1,083€9,141▲ 744%€9,451▲ 3.4%
Equity€223,770▲ 3.8%€216,546▼ 3.2%€217,629▲ 0.5%€226,770▲ 4.2%€236,220▲ 4.2%
Total assets€848,350▼ 5.9%€876,035▲ 3.3%€850,718▼ 2.9%€822,774▼ 3.3%€908,586▲ 10.4%
Debt€624,580▼ 8.9%€659,489▲ 5.6%€633,089▼ 4.0%€596,004▼ 5.9%€672,366▲ 12.8%
Working capital-€69,628▼ 29.5%-€106,374▼ 52.8%-€139,507▼ 31.1%-€165,962▼ 19.0%-€193,529▼ 16.6%
Staff (FTE)0.2▼ 90.0%0.3▲ 50.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €908,586
Fixed assets
€796,643 ▼ 1.4%
Current assets
€111,943 ▲ 653%
Equity and liabilities €908,586
Equity
€236,220 ▲ 4.2%
Debt
€672,366 ▲ 12.8%
Debt's share of the balance-sheet total rises from 72.4% to 74.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€31,519▼
2024 · €37,421
Cash flow
€20,714▲
2024 · €20,404
Current ratio
0.37▲
2024 · 0.08
Debt to equity
2.85▲
2024 · 2.63
ROE
4.0%▼
2024 · 4.0%
ROA
1.0%▼
2024 · 1.1%
Interest coverage
2.41▼
2024 · 2.60
Debt ≤ 1 year
€305,473▲
2024 · €180,830
Debt > 1 year
€366,894▼
2024 · €415,174
Income taxes
€3,504▲
2024 · €3,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32,446 | €6,965 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,724 | €18,830 | €11,263 | €11,263 | €11,263 | = |
| Other operating charges640/8 | €5,464 | €5,748 | €10,290 | €10,707 | €11,044 | ▲ 3.1% |
| Gross operating margin9900 | €83,205 | €49,289 | €39,166 | €48,128 | €42,563 | ▼ 11.6% |
| Operating profit (loss)9901 | €26,570 | €17,746 | €17,612 | €26,158 | €20,256 | ▼ 22.6% |
| Financial income75/76B | - | €2,953 | €1,371 | €683 | €5,792 | ▲ 748% |
| Recurring financial income75 | - | €2,953 | €1,371 | €683 | €5,792 | ▲ 748% |
| Financial charges65/66B | €18,308 | €26,844 | €15,864 | €14,413 | €13,093 | ▼ 9.2% |
| Recurring financial charges65 | €18,308 | €17,244 | €15,864 | €14,413 | €13,093 | ▼ 9.2% |
| Non-recurring financial charges66B | - | €9,600 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €8,262 | -€6,145 | €3,120 | €12,428 | €12,955 | ▲ 4.2% |
| Income taxes67/77 | - | €1,079 | €2,037 | €3,287 | €3,504 | ▲ 6.6% |
| Profit (loss) for the period9904 | €8,262 | -€7,224 | €1,083 | €9,141 | €9,451 | ▲ 3.4% |
| Profit (loss) for the period to be appropriated9905 | €8,262 | -€7,224 | €1,083 | €9,141 | €9,451 | ▲ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €848,350 | €876,035 | €850,718 | €822,774 | €908,586 | ▲ 10.4% |
| Fixed assets21/28 | €845,052 | €830,432 | €819,169 | €807,906 | €796,643 | ▼ 1.4% |
| Tangible fixed assets22/27 | €219,719 | €205,099 | €193,836 | €182,573 | €171,310 | ▼ 6.2% |
| Land and buildings22 | €96,913 | €96,913 | €96,913 | €96,913 | €92,180 | ▼ 4.9% |
| Plant, machinery and equipment23 | €122,807 | €104,082 | €93,240 | €82,398 | €76,289 | ▼ 7.4% |
| Furniture and vehicles24 | - | €4,104 | €3,683 | €3,262 | €2,841 | ▼ 12.9% |
| Financial fixed assets28 | €625,333 | €625,333 | €625,333 | €625,333 | €625,333 | = |
| Current assets29/58 | €3,298 | €45,603 | €31,549 | €14,868 | €111,943 | ▲ 653% |
| Amounts receivable within one year40/41 | - | €44,314 | €26,618 | €11,606 | €109,772 | ▲ 846% |
| Other amounts receivable41 | - | €44,314 | €26,618 | €11,606 | €109,772 | ▲ 846% |
| Cash at bank and in hand54/58 | €3,298 | €1,289 | €4,931 | €3,262 | €2,171 | ▼ 33.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €848,350 | €876,035 | €850,718 | €822,774 | €908,586 | ▲ 10.4% |
| Equity10/15 | €223,770 | €216,546 | €217,629 | €226,770 | €236,220 | ▲ 4.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €196,860 | €196,860 | €196,860 | €196,860 | €196,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €195,000 | €195,000 | €195,000 | €195,000 | €195,000 | = |
| Profit (loss) carried forward14 | €8,310 | €1,086 | €2,169 | €11,310 | €20,760 | ▲ 83.6% |
| Amounts payable17/49 | €624,580 | €659,489 | €633,089 | €596,004 | €672,366 | ▲ 12.8% |
| Amounts payable after more than one year17 | €551,654 | €507,513 | €462,033 | €415,174 | €366,894 | ▼ 11.6% |
| Financial debts170/4 | €551,654 | €507,513 | €462,033 | €415,174 | €366,894 | ▼ 11.6% |
| Amounts payable within one year42/48 | €72,926 | €151,976 | €171,056 | €180,830 | €305,473 | ▲ 68.9% |
| Current portion of amounts payable after more than one year42 | €42,844 | €44,142 | €45,480 | €46,859 | €48,281 | ▲ 3.0% |
| Trade debts44 | €7,598 | €106,756 | €124,122 | €129,229 | €248,945 | ▲ 92.6% |
| Suppliers440/4 | €7,598 | €106,756 | €124,122 | €129,229 | €248,945 | ▲ 92.6% |
| Taxes, remuneration and social security45 | €2,384 | €1,079 | €1,455 | €4,743 | €8,247 | ▲ 73.9% |
| Taxes450/3 | - | €1,079 | €1,455 | €4,743 | €8,247 | ▲ 73.9% |
| Remuneration and social security454/9 | €2,384 | - | - | - | - | - |
| Other amounts payable47/48 | €20,099 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,262 | -€7,224 | €1,083 | €9,141 | €9,451 | ▲ 3.4% |
| + Depreciation and write-downs630 | €18,724 | €18,830 | €11,263 | €11,263 | €11,263 | = |
| Operating cash flow (approximation) | €26,986 | €11,606 | €12,346 | €20,404 | €20,714 | ▲ 1.5% |
| Investment in fixed assets (approximation) | - | -€4,210 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,009 | €3,642 | -€1,669 | -€1,091 | ▲ 34.6% |
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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 10 days late
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €1,083
Net result €1,083 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €24,937
Net result €24,937 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €215,508 ▲13.1%
Equity rises from €190,571 to €215,508.
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€33,907
Net result drops to -€33,907, the lowest in the series; recovery starts the following year.
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, La Bruyère · 1 establishment unit since 1985
Ground area
3,431 m²
Building footprint
193 m²
Volume, LiDAR
1,541 m³
Parcel 92036C0001/00A004, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SERLEX
since 19852.027.862.204
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92036C0001/00A004 | Wallonia | 3,431 m² | 1 · 193 m² | 9.8 m · 3 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 formPrivate limited company (pre-2019)
Founded10-09-1985
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.