Losses
-€418,002 in five years
Every financial year from 2022 to 2026 closed with a loss. 2024 was the heaviest.
SERMADO
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €545,957 (2012)
€158,562▼ 39.5%
lowest -€142,867 (2024)
-€121,281▼ €116,311
peak €3.0m (2021)
€2.1m▼ 5.4%
€1.4m▼ 3.5%
peak 0 FTE (2025)
0 FTE
Board4 names since 2017
3 directors and 2 others
Documentsfilings and deeds
07-10-202624 days before the deadline
2026abbreviated format
Gross margin from €262,227 to €158,562Loss of €121,281Cash from €62,027 to €15,794
Key points
from the 2026 annual accountsTurnover
≈ €230,000 estimated
The accounts state no turnover.
Position in the sector
-€121,281
Lower net result than 95% of companies in real estate. Sector median €15,335 · 409 companies.
Net result -2,340%: other schema
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,609 companies had the same profile as SERMADO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 8,609 companies, not a prediction for SERMADO. 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.
Credit verdict
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Signals
Recent changes
3 directors appointed
(sole director), (managing director) and (managing director) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446587307
4 directors reappointed
(managing director), , and · General meeting of 22-08-2023 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Oostende
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SERMADO Tielt | €3.5m | €158,562 | 60.1% | 0 |
| ELISTE Oudenburg | €3.1m | €177,552 | 16.7% | 0 |
| ROAN INVEST Steenokkerzeel | €3.9m | €136,105 | 86.1% | 0 |
| DE BEAUVOORDER PATE Veurne | €3.1m | €227,634 | 79.7% | 0 |
| GEDECO INVEST Wevelgem | €2.8m | €161,151 | 65.9% | 0 |
| BRUYNEEL Deerlijk | €3.3m | €98,459 | 95.6% | 0 |
| DEKIMMAR Diksmuide | €2.9m | €277,574 | 22.3% | 0 |
These companies have the same main activity as SERMADO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2.8m and €3.9m, founded between 1983 and 2000.
Official details
Source: KBO- Status
- Active since 07-02-1992Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.066.599.7478700 Tielt, since 29-04-1994
- Financial year end
- 31 March
- Peppol
- Reachable since 24-11-2023
Annual accounts to 31-03-2026
- €3.5m▼ 4.7%
- Filing
- Filed on 07-10-2026, 24 days before the end of the filing period
Insights on SERMADO
SERMADO files the abbreviated format. That format states no turnover. The gross margin fell from €279,606 in 2007 to €158,562 in 2026.
In January 2024, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SERMADO
- What is the company number of SERMADO?
- The company number of SERMADO is 0446.587.307. The VAT number is the same number with BE in front: BE 0446.587.307.
- Where is SERMADO based?
- The registered office is at Wakkensesteenweg 30, 8700 Tielt.Company details
- What does SERMADO do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of SERMADO?
- SERMADO is a public limited company (NV).
- When was SERMADO founded?
- SERMADO was founded on 07-02-1992.
- Is SERMADO still active?
- Yes, SERMADO is an active enterprise in the KBO register.
- What is the turnover of SERMADO?
- The turnover in financial year 2026 is ≈ €230,000. This figure is estimated from the gross margin of €158,562 and 31 comparable companies (NACE 68201). It probably lies between €180,000 and €310,000.Financials
- Is SERMADO profitable?
- In financial year 2026, SERMADO made a loss of €121,281.
- Where can I find the annual accounts of SERMADO?
- SERMADO filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SERMADO due?
- SERMADO must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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