SERMICO
ActiveSummary
SERMICO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €361,414 and a net result of -€65,284. Equity remains stable across the filed fiscal years (±1.7% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability1▼-8
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 27.89 against 53.12 in 2023; short-term debt: 2.2% and cash: 12.8% of total assets), and 20.3% of the assets are financed with debt.
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Signals
Seven 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 · 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
79.7%
Return on assets
-14.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€65,284
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
30 d late
2023
92 d late
2022
31 d late
2021
11 d early
2020
166 d late
2019
531 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 140 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€65,284▼ 92.6%
2023 · -€33,899
Working capital
€271,111▲ 8.3%
2023 · €250,255
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
Operating result€17,608▼ 57.9%€41,482▲ 136%-€19,698-€31,651▼ 60.7%-€64,623▼ 104%
Net result€17,013▼ 58.9%€2,551▼ 85.0%-€17,565-€33,899▼ 93.0%-€65,284▼ 92.6%
Equity€475,610▲ 3.7%€478,161▲ 0.5%€460,597▼ 3.7%€426,698▼ 7.4%€361,414▼ 15.3%
Total assets€486,566▲ 3.4%€507,463▲ 4.3%€477,358▼ 5.9%€431,499▼ 9.6%€453,360▲ 5.1%
Debt€10,956▼ 9.5%€29,302▲ 167%€16,762▼ 42.8%€4,801▼ 71.4%€91,947▲ 1,815%
Working capital€246,585▲ 17.4%€270,059▲ 9.5%€244,465▼ 9.5%€250,255▲ 2.4%€271,111▲ 8.3%
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €64,623 in 2024 against €31,651 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €453,360
Fixed assets
€172,168 ▼ 2.4%
Current assets
€281,193 ▲ 10.2%
Equity and liabilities €453,360
Equity
€361,414 ▼ 15.3%
Debt
€91,947 ▲ 1,815%
Debt's share of the balance-sheet total rises from 1.1% to 20.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€40,294▼
2023 · -€8,667
Cash flow
-€40,956▼
2023 · -€10,914
Current ratio
27.89▼
2023 · 53.12
Debt to equity
0.25▲
2023 · 0.01
ROE
-18.1%▼
2023 · -7.9%
ROA
-14.4%▼
2023 · -7.9%
Interest coverage
-15.67▼
2023 · -2.63
Debt ≤ 1 year
€10,082▲
2023 · €4,801
Income taxes
€2,044▼
2023 · €2,080
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 928 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €5,675 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,600 | €22,318 | €21,743 | €22,984 | €24,329 | ▲ 5.8% |
| Other operating charges640/8 | - | €14,610 | €6,882 | €6,835 | €8,677 | ▲ 27.0% |
| Non-recurring operating charges66A | - | - | €730 | €0 | - | - |
| Gross operating margin9900 | €38,730 | €78,410 | €9,656 | -€1,832 | -€31,617 | ▼ 1,626% |
| Operating profit (loss)9901 | €17,608 | €41,482 | -€19,698 | -€31,651 | -€64,623 | ▼ 104% |
| Financial income75/76B | - | €2,573 | €6,340 | €3,129 | €3,953 | ▲ 26.4% |
| Recurring financial income75 | - | €2,573 | €5,940 | €3,129 | €3,953 | ▲ 26.4% |
| Non-recurring financial income76B | - | - | €400 | - | - | - |
| Financial charges65/66B | - | €1,598 | €3,961 | €3,297 | €2,571 | ▼ 22.0% |
| Recurring financial charges65 | €596 | €1,598 | €3,961 | €3,297 | €2,571 | ▼ 22.0% |
| Profit (loss) for the period before taxes9903 | €17,013 | €42,457 | -€17,319 | -€31,819 | -€63,240 | ▼ 98.7% |
| Income taxes67/77 | - | €39,905 | €245 | €2,080 | €2,044 | ▼ 1.7% |
| Profit (loss) for the period9904 | €17,013 | €2,551 | -€17,565 | -€33,899 | -€65,284 | ▼ 92.6% |
| Profit (loss) for the period to be appropriated9905 | €17,013 | €2,551 | -€17,565 | -€33,899 | -€65,284 | ▼ 92.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €486,566 | €507,463 | €477,358 | €431,499 | €453,360 | ▲ 5.1% |
| Fixed assets21/28 | €229,025 | €208,102 | €216,132 | €176,443 | €172,168 | ▼ 2.4% |
| Tangible fixed assets22/27 | €229,025 | €208,102 | €192,577 | €176,143 | €171,868 | ▼ 2.4% |
| Land and buildings22 | - | €155,028 | €142,686 | €130,345 | €118,003 | ▼ 9.5% |
| Plant, machinery and equipment23 | - | €51,042 | €46,709 | €10,988 | €8,292 | ▼ 24.5% |
| Furniture and vehicles24 | - | €2,031 | €3,181 | €7,335 | €5,961 | ▼ 18.7% |
| Other tangible fixed assets26 | - | - | - | €27,476 | €39,611 | ▲ 44.2% |
| Financial fixed assets28 | - | - | €23,555 | €300 | €300 | = |
| Current assets29/58 | €257,540 | €299,362 | €261,227 | €255,056 | €281,193 | ▲ 10.2% |
| Amounts receivable within one year40/41 | €31,951 | €50,486 | €66,259 | €70,669 | €84,505 | ▲ 19.6% |
| Trade receivables40 | - | - | €8,708 | €9,860 | €10,010 | ▲ 1.5% |
| Other amounts receivable41 | - | €50,486 | €57,551 | €60,810 | €74,495 | ▲ 22.5% |
| Current investments50/53 | - | - | €29,036 | €68,072 | €105,369 | ▲ 54.8% |
| Cash at bank and in hand54/58 | €224,012 | €215,223 | €132,071 | €98,607 | €58,009 | ▼ 41.2% |
| Deferred charges and accrued income490/1 | - | €33,653 | €33,861 | €17,707 | €33,309 | ▲ 88.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €486,566 | €507,463 | €477,358 | €431,499 | €453,360 | ▲ 5.1% |
| Equity10/15 | €475,610 | €478,161 | €460,597 | €426,698 | €361,414 | ▼ 15.3% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Issued capital100 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €32,112 | €32,112 | €32,112 | €32,112 | €32,112 | = |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | €25,962 | €25,962 | €25,962 | €25,962 | = |
| Profit (loss) carried forward14 | €412,511 | €415,062 | €397,498 | €363,599 | €298,315 | ▼ 18.0% |
| Amounts payable17/49 | €10,956 | €29,302 | €16,762 | €4,801 | €91,947 | ▲ 1,815% |
| Amounts payable within one year42/48 | €10,956 | €29,302 | €16,762 | €4,801 | €10,082 | ▲ 110% |
| Financial debts43 | - | - | - | - | €522 | - |
| Credit institutions430/8 | - | - | - | - | €522 | - |
| Trade debts44 | €1,278 | €4,788 | €92 | €4,343 | €9,357 | ▲ 115% |
| Suppliers440/4 | - | €4,788 | €92 | €4,343 | €9,357 | ▲ 115% |
| Taxes, remuneration and social security45 | - | €24,514 | €16,669 | €458 | €203 | ▼ 55.6% |
| Taxes450/3 | - | €24,514 | €16,669 | €458 | €203 | ▼ 55.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €81,864 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,013 | €2,551 | -€17,565 | -€33,899 | -€65,284 | ▼ 92.6% |
| + Depreciation and write-downs630 | €19,600 | €22,318 | €21,743 | €22,984 | €24,329 | ▲ 5.8% |
| Operating cash flow (approximation) | €36,613 | €24,869 | €4,178 | -€10,914 | -€40,956 | ▼ 275% |
| Investment in fixed assets (approximation) | - | -€1,395 | -€29,773 | €16,704 | -€20,053 | ▼ 220% |
| Change in cash | - | -€8,789 | -€83,152 | -€33,464 | -€40,598 | ▼ 21.3% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€65,284
Net result drops to -€65,284, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 53.12
Current ratio from 15.58 to 53.12; short-term debt falls from €16,762 to €4,801.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 166 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 531 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 897 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1262 days late
2019
31-12
Financial
Back to profitnet €41,361
Net result €41,361 after one loss-making year.
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 142 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 425 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waterloo · 1 establishment unit since 1999
Ground area
2.1 ha
Building footprint
1,439 m²
Volume, LiDAR
29,374 m³
2 parcels, Brussels, Wallonia · tallest building 28.7 m, ±9 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Onderwijsstraat 130, 1070 Anderlecht
since 19992.071.436.087
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0044/00S000 | Wallonia | 2.1 ha | 1 · 866 m² | 28.7 m · 9 fl. |
| 21305C0336/00M021 | Brussels | 306 m² | 1 · 573 m² | 18.4 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.
Identification & contact
Identification
Legal formPublic limited company
Founded29-03-1995
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454899910
Also
9925:BE0454899910
Registered
20-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.