Serneels Bikes
ActiveSerneels Bikes has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.15M and a net result of €362k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76=
Solvency60▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.56 in 2024; short-term debt: 38.3% and cash: 4.2% of total assets), but 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
34.9%
Return on assets
5.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
7 d early
2023
42 d early
2022
48 d early
2021
4 d early
2020
40 d early
2019
38 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.15M▲ 20.3%
2024 · €1.79M
2019: €788k
2020: €810k
2021: €1.07M
2022: €1.14M
2023: €1.45M
2024: €1.79M
2019 → 2025
Total assets
€6.15M▲ 4.3%
2024 · €5.89M
2019: €2.64M
2020: €2.72M
2021: €2.48M
2022: €2.38M
2023: €3.86M
2024: €5.89M
2019 → 2025
Net result
€362k▲ 8.7%
2024 · €333k
2019: €86k
2020: €132k
2021: €262k
2022: €166k
2023: €308k
2024: €333k
2019 → 2025
Working capital
€1.39M▲ 13.0%
2024 · €1.23M
2019: €308k
2020: €312k
2021: €577k
2022: €618k
2023: €1.30M
2024: €1.23M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.07M-€1.14M▲ 6.7%€1.45M▲ 26.9%€1.79M▲ 22.9%€2.15M▲ 20.3%
Operating result€405k-€259k▼ 36.0%€484k▲ 86.7%€549k▲ 13.3%€623k▲ 13.4%
Net result€262k-€166k▼ 36.5%€308k▲ 85.0%€333k▲ 8.1%€362k▲ 8.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.15M
Fixed assets
€2.40M▼ 2.1%
Current assets
€3.75M▲ 8.9%
Equity and liabilities €6.15M
Equity
€2.15M▲ 20.3%
Debt
€4.00M▼ 2.6%
The debt ratio falls from 69.7% to 65.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€720k▲
2024 · €640k
Cash flow
€459k▲
2024 · €424k
Solvency
34.9%▲
2024 · 30.3%
Current ratio
1.59▲
2024 · 1.56
Quick ratio
0.22▼
2024 · 0.28
Debt / equity
1.86▼
2024 · 2.30
ROE
16.8%▼
2024 · 18.6%
ROA
5.9%▲
2024 · 5.6%
Interest coverage
7.63▼
2024 · 10.08
Debt
€4.00M▼
2024 · €4.11M
Debt ≤ 1 year
€2.36M▲
2024 · €2.21M
Debt > 1 year
€1.60M▼
2024 · €1.90M
Income taxes
€167k▲
2024 · €153k
Staff costs
€594k▼
2024 · €613k
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€5.89M€6.15M▲
Fixed assets21/28€2.45M€2.40M▼
Tangible fixed assets22/27€1.25M€1.20M▼
Land and buildings22€1.05M€998k▼
Plant, machinery and equipment23€134k€114k▼
Furniture and vehicles24€67k€86k▲
Financial fixed assets28€1.20M€1.20M=
Current assets29/58€3.44M€3.75M▲
Stocks and contracts in progress3€2.83M€3.23M▲
Stocks30/36€2.83M€3.23M▲
Amounts receivable within one year40/41€144k€130k▼
Trade receivables40€139k€42k▼
Other amounts receivable41€5k€88k▲
Cash at bank and in hand54/58€328k€255k▼
Deferred charges and accrued income490/1€136k€136k=
Equity and liabilities
Total equity and liabilities10/49€5.89M€6.15M▲
Equity10/15€1.79M€2.15M▲
Contributions10/11€6k€6k=
Reserves13€1.68M€2.04M▲
Distributable reserves133€1.68M€2.04M▲
Profit (loss) carried forward14€102k€102k=
Amounts payable17/49€4.11M€4.00M▼
Amounts payable after more than one year17€1.90M€1.60M▼
Financial debts170/4€1.90M€1.60M▼
Amounts payable within one year42/48€2.21M€2.36M▲
Current portion of amounts payable after more than one year42€331k€312k▼
Financial debts43€300k€400k▲
Credit institutions430/8€300k€400k▲
Trade debts44€1.31M€1.36M▲
Suppliers440/4€1.31M€1.36M▲
Taxes, remuneration and social security45€194k€217k▲
Taxes450/3€172k€191k▲
Remuneration and social security454/9€23k€26k▲
Other amounts payable47/48€78k€67k▼
Accrued charges and deferred income492/3-€41k
Income statement
Code20242025
Remuneration, social security and pensions62€613k€594k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€97k▲
Other operating charges640/8€16k€23k▲
Gross operating margin9900€1.27M€1.34M▲
Operating profit (loss)9901€549k€623k▲
Financial income75/76B-€209
Recurring financial income75-€209
Financial charges65/66B€63k€94k▲
Recurring financial charges65€63k€94k▲
Profit (loss) for the period before taxes9903€485k€528k▲
Income taxes67/77€153k€167k▲
Profit (loss) for the period9904€333k€362k▲
Profit (loss) for the period to be appropriated9905€333k€362k▲
Appropriation of the result
Profit (loss) to be appropriated9906€434k€463k▲
Profit (loss) brought forward from the previous period14P€102k€102k=
Transfer to equity691/2€333k€362k▲
To other reserves6921€333k€362k▲
Social balance
Average headcount (FTE)908710.49.9▼
The notes to these accounts (9 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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €362k ▲8.7%
Operating result €623k, net result €362k, both a record.
30-06
Financial
Equity above €2MEq €2.15M ▲20.3%
7 profitable years in a row build equity to €2.15M.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €1MEq €1.07M ▲32.4%
3 profitable years in a row build equity to €1.07M.
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
13-12
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
3 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, Westerlo · 2 establishment units since 2004
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.
Olenseweg 1252260 WesterloGround area
2.4 ha
Building footprint
3,104 m²
Volume, LiDAR
13,631 m³
2 parcels, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MOTO'S TOM SERNEELS
since 20042.144.059.294
Halveweg 49, 3520 Zonhoven
since 20232.339.495.290
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049A1155/00V002 | Flanders | 2.1 ha | 2 · 1,307 m² | 17.6 m · 2 fl. |
| 71066B0912/00X000 | Flanders | 2,826 m² | 1 · 1,797 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
Dual-learning approval
2 live approvalsBrom- en motorfietsinstallaties duaal (so)
Mecanicien bromfietsen en motorfietsen (vwo)
Similar companies · same sector, comparable size
PETER D'HAESE
BE 0479.065.776
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BM CENTER
BE 0474.709.585
Wielsbeke · Eq €2.02M
Meeusen Motoren Kempen
BE 0808.651.485
Geel · Eq €2.00M
MOTORSHOP DESMET R.
BE 0425.899.977
Waregem · Eq €1.96M
WIELEN EN MOTOREN
BE 0430.026.734
Haaltert · Eq €1.95M
Of 1,128 companies in sector 47830 we hold annual accounts for 468. 195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2004
Fiscal year end30-06
Activities, NACEBEL
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
50400Inland freight water transport
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:tserneels@yahoo.com
Phone:0498 03 57 90