SERME
ActiveSummary
SERME has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€108,413) and a net result of €18,963. Equity is shrinking by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+84
Solvency0=
Growth64▲+17
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.46 in 2023; short-term debt: 171.8% and cash: 18.1% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-71.8%
Return on assets
12.6%
Age of the figures
21 mo
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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6537 sector peers (2024).
NBB · sector comparisonPosition among 6537 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
70 d late
2022
66 d late
2021
164 d late
2020
5 d late
2019
73 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 73 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€488,215▼ 8.2%
2021 · €531,636
EBIT margin
-25.5%▼ 30.4pp
2021 · 4.9%
Net result
€18,963
2023 · -€82,176
Working capital
-€121,791▲ 10.9%
2023 · -€136,627
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
Line20202021202220232024
Turnover€490,512▲ 59.8%€531,636▲ 8.4%€488,215▼ 8.2%
Operating result-€63,354€26,215-€124,491-€81,114▲ 34.8%€20,193
Net result-€72,960€20,426-€125,155-€82,176▲ 34.3%€18,963
EBIT margin-12.9%▼ 18.6pp4.9%▲ 17.8pp-25.5%▼ 30.4pp
Equity€59,530▼ 55.1%€79,956▲ 34.3%-€45,199-€127,375▼ 182%-€108,413▲ 14.9%
Total assets€113,360▼ 22.1%€134,893▲ 19.0%€145,765▲ 8.1%€125,075▼ 14.2%€150,966▲ 20.7%
Debt€53,830▲ 311%€54,937▲ 2.1%€190,964▲ 248%€252,450▲ 32.2%€259,379▲ 2.7%
Working capital€49,452▼ 58.9%€69,174▲ 39.9%-€53,980-€136,627▼ 153%-€121,791▲ 10.9%
Staff (FTE)1=1=1=1=1=
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €20,193 after a loss of €81,114 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144,966
Fixed assets
€7,378 ▲ 321%
Current assets
€137,588 ▲ 18.8%
Key figures and ratios
EBITDA
€25,293▲
2023 · -€78,397
Cash flow
€24,063▲
2023 · -€79,459
Solvency
-71.8%▲
2023 · -101.8%
Current ratio
0.53▲
2023 · 0.46
Quick ratio
0.18▲
2023 · 0.10
Debt to equity
-2.39▼
2023 · -1.98
ROA
12.6%▲
2023 · -65.7%
Interest coverage
20.56▲
2023 · -73.84
Debt ≤ 1 year
€259,379▲
2023 · €252,450
Staff costs
€44,222▼
2023 · €62,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,799 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €490,512 | €531,636 | €488,215 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €449,787 | €518,322 | - | - | - |
| Remuneration, social security and pensions62 | - | €54,668 | €89,531 | €62,248 | €44,222 | ▼ 29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,050 | €2,551 | €2,001 | €2,717 | €5,100 | ▲ 87.7% |
| Other operating charges640/8 | - | €2,205 | €3,950 | €10,794 | €2,122 | ▼ 80.3% |
| Gross operating margin9900 | -€10,352 | €85,639 | -€29,009 | -€5,355 | €71,637 | ▲ 1,438% |
| Operating profit (loss)9901 | -€63,354 | €26,215 | -€124,491 | -€81,114 | €20,193 | ▲ 125% |
| Financial charges65/66B | - | €774 | €664 | €1,062 | €1,230 | ▲ 15.8% |
| Recurring financial charges65 | €1,930 | €774 | €664 | €1,062 | €1,230 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | -€65,284 | €25,441 | -€125,155 | -€82,176 | €18,963 | ▲ 123% |
| Income taxes67/77 | €7,676 | €5,015 | - | - | - | - |
| Profit (loss) for the period9904 | -€72,960 | €20,426 | -€125,155 | -€82,176 | €18,963 | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | -€72,960 | €20,426 | -€125,155 | -€82,176 | €18,963 | ▲ 123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,360 | €134,893 | €145,765 | €125,075 | €150,966 | ▲ 20.7% |
| Formation expenses20 | - | - | - | €7,500 | €6,000 | ▼ 20.0% |
| Fixed assets21/28 | €10,078 | €10,782 | €8,781 | €1,752 | €7,378 | ▲ 321% |
| Tangible fixed assets22/27 | €10,078 | €10,782 | €8,781 | €1,752 | €7,030 | ▲ 301% |
| Plant, machinery and equipment23 | - | €1,350 | €1,200 | €1,050 | €900 | ▼ 14.3% |
| Furniture and vehicles24 | - | €9,432 | €7,581 | €702 | €6,130 | ▲ 773% |
| Financial fixed assets28 | - | - | - | - | €348 | - |
| Current assets29/58 | €103,282 | €124,111 | €136,984 | €115,823 | €137,588 | ▲ 18.8% |
| Stocks and contracts in progress3 | €18,137 | €86,927 | €86,927 | €89,803 | €89,803 | = |
| Stocks30/36 | - | €86,927 | €86,927 | €89,803 | €89,803 | = |
| Amounts receivable within one year40/41 | €76,708 | €29,879 | €32,212 | €20,387 | €20,119 | ▼ 1.3% |
| Trade receivables40 | - | €6,774 | €6,774 | €6,774 | €6,967 | ▲ 2.8% |
| Other amounts receivable41 | - | €23,104 | €25,438 | €13,613 | €13,152 | ▼ 3.4% |
| Cash at bank and in hand54/58 | €8,436 | €7,305 | €7,119 | €5,516 | €27,250 | ▲ 394% |
| Deferred charges and accrued income490/1 | - | - | €10,725 | €116 | €415 | ▲ 259% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,360 | €134,893 | €145,765 | €125,075 | €150,966 | ▲ 20.7% |
| Equity10/15 | €59,530 | €79,956 | -€45,199 | -€127,375 | -€108,413 | ▲ 14.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €39,070 | €59,496 | -€65,659 | -€147,835 | -€128,873 | ▲ 12.8% |
| Amounts payable17/49 | €53,830 | €54,937 | €190,964 | €252,450 | €259,379 | ▲ 2.7% |
| Amounts payable within one year42/48 | €53,830 | €54,937 | €190,964 | €252,450 | €259,379 | ▲ 2.7% |
| Trade debts44 | €14,548 | €18,956 | €29,886 | €38,941 | €34,245 | ▼ 12.1% |
| Suppliers440/4 | - | €18,956 | €29,886 | €38,941 | €34,245 | ▼ 12.1% |
| Taxes, remuneration and social security45 | - | €129 | €13,461 | €6,010 | €11,997 | ▲ 99.6% |
| Taxes450/3 | - | - | €124 | €1,981 | €7,951 | ▲ 301% |
| Remuneration and social security454/9 | - | €129 | €13,337 | €4,030 | €4,046 | ▲ 0.4% |
| Other amounts payable47/48 | - | €35,852 | €147,617 | €207,499 | €213,137 | ▲ 2.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,960 | €20,426 | -€125,155 | -€82,176 | €18,963 | ▲ 123% |
| + Depreciation and write-downs630 | €2,050 | €2,551 | €2,001 | €2,717 | €5,100 | ▲ 87.7% |
| Operating cash flow (approximation) | -€70,910 | €22,977 | -€123,154 | -€79,459 | €24,063 | ▲ 130% |
| Investment in fixed assets (approximation) | - | -€3,255 | €0 | €4,312 | -€10,726 | ▼ 349% |
| Change in cash | - | -€1,131 | -€186 | -€1,603 | €21,734 | ▲ 1,456% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Back to profitnet €18,963
Net result €18,963 after 2 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 70 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 164 days late
2022
31-12
Financial
Weakest financial yearnet -€125,155
Net result drops to -€125,155, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Back to profitnet €20,426
Net result €20,426 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 73 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 169 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 899 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2015
30-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Charleroi · 2 establishment units since 2010
Ground area
1,130 m²
Building footprint
211 m²
Volume, LiDAR
2,398 m³
2 parcels, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
MAGIC EXPRESS
since 20102.199.995.929
PiZZA PITTA
since 20242.359.436.413
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52302A0943/00Z000 | Wallonia | 748 m² | 1 · 114 m² | 13.8 m · 4 fl. |
| 52302A0916/00L002 | Wallonia | 382 m² | 1 · 97 m² | 12.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesCharleroi2.199.995.929
Charleroi2.359.436.413
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,681 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0480289263
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.