SERMANT
ActiveSERMANT has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €313k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 76% of 17987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▲+8
Solvency100▲+2
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.25 against 2.88 in 2024), and 34.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
65.8%
Return on assets
1.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
7 d early
2023
12 d early
2022
31 d late
2021
31 d late
2020
19 d early
2019
53 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€313k▲ 1.7%
2024 · €307k
2018: €329k
2019: €334k
2020: €366k
2021: €369k
2022: €344k
2023: €319k
2024: €307k
2018 → 2025
Total assets
€475k▼ 8.0%
2024 · €516k
2018: €738k
2019: €694k
2020: €708k
2021: €691k
2022: €633k
2023: €564k
2024: €516k
2018 → 2025
Net result
€5k
2024 · €-11k
2018: €3k
2019: €6k
2020: €32k
2021: €2k
2022: €-24k
2023: €-26k
2024: €-11k
2018 → 2025
Working capital
€187k▼ 0.7%
2024 · €188k
2018: €267k
2019: €274k
2020: €295k
2021: €278k
2022: €251k
2023: €213k
2024: €188k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€369k-€344k▼ 6.6%€319k▼ 7.4%€307k▼ 3.5%€313k▲ 1.7%
Operating result€22k-€-16k€-18k▼ 13.0%€-5k▲ 72.3%€12k
Net result€2k-€-24k€-26k▼ 5.7%€-11k▲ 56.1%€5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475k
Fixed assets
€205k▼ 10.1%
Current assets
€270k▼ 6.3%
Equity and liabilities €475k
Equity
€313k▲ 1.7%
Debt
€162k▼ 22.2%
The debt ratio falls from 40.4% to 34.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€36k▲
2024 · €21k
Cash flow
€29k▲
2024 · €15k
Solvency
65.8%▲
2024 · 59.6%
Current ratio
3.25▲
2024 · 2.88
Quick ratio
2.77▲
2024 · 2.31
Debt / equity
0.52▼
2024 · 0.68
ROE
1.7%▲
2024 · -3.7%
ROA
1.1%▲
2024 · -2.2%
Interest coverage
4.81▲
2024 · 2.42
Debt
€162k▼
2024 · €209k
Debt ≤ 1 year
€83k▼
2024 · €100k
Debt > 1 year
€79k▼
2024 · €109k
Income taxes
€520
Staff costs
€34k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€516k€475k▼
Fixed assets21/28€228k€205k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€225k€203k▼
Land and buildings22€190k€176k▼
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€25k€18k▼
Current assets29/58€289k€270k▼
Stocks and contracts in progress3€56k€40k▼
Stocks30/36€56k€40k▼
Amounts receivable within one year40/41€71k€42k▼
Trade receivables40€62k€37k▼
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€155k€184k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€516k€475k▼
Equity10/15€307k€313k▲
Contributions10/11€19k€19k=
Reserves13€289k€294k▲
Distributable reserves133€289k€294k▲
Amounts payable17/49€209k€162k▼
Amounts payable after more than one year17€109k€79k▼
Financial debts170/4€109k€79k▼
Amounts payable within one year42/48€100k€83k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€42k€28k▼
Suppliers440/4€42k€28k▼
Taxes, remuneration and social security45€29k€25k▼
Taxes450/3€25k€21k▼
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€1k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€18k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€24k▼
Other operating charges640/8€36k€6k▼
Gross operating margin9900€75k€76k▲
Operating profit (loss)9901€-5k€12k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€-11k€6k▲
Income taxes67/77-€520
Profit (loss) for the period9904€-11k€5k▲
Profit (loss) for the period to be appropriated9905€-11k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€5k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€11k€0▼
Transfer to equity691/2-€5k
To other reserves6921-€5k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €32k ▲474%
Operating result €65k, net result €32k, both a record.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
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.
Directors · office · real estate
Directors
2 directors, no change since 2023
André Van Den Steen
CurrentDirector · since 06-12-2023
Roel Van Den Steen
CurrentDirector · since 06-12-2023
06-12-2023
André Van Den Steen: Resigned as Director
06-12-2023
André Van Den Steen: Appointed as Director
06-12-2023
Roel Van Den Steen: Appointed as Director
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 1980
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Berlindisstraat 179402 NinoveGround area
689 m²
Building footprint
527 m²
Volume, LiDAR
3,006 m³
Parcel 41038A0245/00F000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Berlindisstraat 17, 9402 Ninove
since 19802.034.919.745
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038A0245/00F000 | Flanders | 689 m² | 1 · 527 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Robalco
BE 0882.124.730
Merksplas · Eq €313k
KOOL
BE 0849.949.533
Kalmthout · Eq €312k
HASO
BE 0475.855.472
Ninove · Eq €314k
Cool Touch Services
BE 0887.020.953
Kapellen · Eq €311k
PHILIPPE STEVENS
BE 0474.471.144
Blégny · Eq €315k
Of 1,503 companies in sector 47540 we hold annual accounts for 801. 643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-03-1980
Fiscal year end31-12
Activities, NACEBEL
47540Retail sale of electrical household appliances
47552Retail sale of lighting equipment
47592Retail trade
52442
52450
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.