Checked.be
Active
BE 0751.956.272Private limited company
Serneels Outdoor Concepts
Het Wild Rijt 15 B ·2390 Malle, Belgium· 6 yrs active
Sector: Landscape service activities
(81300)
Conclusion
The computed 12-month bankruptcy probability of Serneels Outdoor Concepts is 1.8% (moderate). The 2025 annual accounts show equity of €192k and a net result of €54k. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 48 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €192k |
| Net result | €54k |
| Better than sector | 72% |
| Active | 6 yrs |
Financial profile
90
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
88
Profitability
100
Solvency
86
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
88
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€17k
estimate, not credit advice
Score history
56
2021
89
2022
96
2023
100
2024
88
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.43 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.43 (≥ 1.0)
+5
Leverage
Debt/equity 0.64 (< 1.0)
+10
Profitability
ROE 28% (≥ 10%)
+10
Interest coverage
Interest coverage 18.5× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~23.8%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 81, Services to buildings and landscape activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.1% | 38.8% | |
| Net result | €54k | €15k | |
| Equity | €192k | €74k | |
| Gross operating margin | €95k | €201k | |
| Total assets | €314k | €325k |
€88k
-40.9%
21-25
€54k
-40.6%
21-25
€86k
-36.3%
21-25
€314k
+5.2%
21-25
€192k
+1.4%
21-25
€52k
-5.3%
21-25
€13k
-48.1%
21-25
€51k
-27.9%
21-25
€122k
+11.6%
21-25
€122k
+19.9%
21-25
€8k
-59.4%
21-25
1.43
-7.4%
21-25
1.43
-7.4%
21-25
61.1%
-3.6%
21-25
0.64
+10.1%
21-25
27.9%
-41.4%
21-25
17.0%
-43.5%
21-25
18.51
-26.6%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €88k | €149k | €138k | €98k | €85k |
| Net profit | €54k | €90k | €71k | €49k | €42k |
| Cash flow | €86k | €135k | €110k | €76k | €71k |
| Staff costs | - | - | - | - | - |
| Income taxes | €13k | €24k | €24k | €22k | €14k |
| Dividends | €51k | €71k | - | - | - |
| Total assets | €314k | €299k | €327k | €246k | €143k |
| Equity | €192k | €189k | €170k | €99k | €50k |
| Debt | €122k | €110k | €158k | €147k | €94k |
| of which ≤ 1y | €122k | €102k | €139k | €118k | €94k |
| of which > 1y | - | €8k | €19k | €29k | - |
| Working capital | €52k | €55k | €36k | €5k | €-50k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.43 | 1.54 | 1.26 | 1.04 | 0.47 |
| Quick ratio | 1.43 | 1.54 | 1.26 | 1.04 | 0.47 |
| Working capital ratio | 16.6% | 18.4% | 10.9% | 1.9% | -34.7% |
| Solvency | 61.1% | 63.3% | 51.8% | 40.2% | 34.7% |
| Debt / equity | 0.64 | 0.58 | 0.93 | 1.49 | 1.88 |
| Long-term debt ratio | - | 0.04 | 0.11 | 0.29 | - |
| Interest coverage | 18.51 | 25.23 | 23.15 | 93.84 | 182.48 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 17.0% | 30.2% | 21.5% | 20.0% | 29.5% |
| ROE | 27.9% | 47.6% | 41.6% | 49.8% | 84.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €314k | €299k | €327k | €246k | €143k |
| Fixed assets | 21/28 | €140k | €142k | €152k | €123k | €99k |
| Intangible fixed assets | 21 | €5k | - | - | - | - |
| Tangible fixed assets | 22/27 | €132k | €140k | €150k | €121k | €99k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k | - |
| Current assets | 29/58 | €174k | €157k | €175k | €123k | €44k |
| Amounts receivable within one year | 40/41 | €22k | €17k | €39k | €29k | €15k |
| Cash & bank | 54/58 | €150k | €137k | €133k | €92k | €27k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €314k | €299k | €327k | €246k | €143k |
| Equity | 10/15 | €192k | €189k | €170k | €99k | €50k |
| Contributions / capital | 10/11 | €8k | €8k | €8k | €8k | €8k |
| Reserves | 13 | €184k | €182k | €162k | €92k | €42k |
| Amounts payable | 17/49 | €122k | €110k | €158k | €147k | €94k |
| Amounts payable after one year | 17 | - | €8k | €19k | €29k | - |
| Amounts payable within one year | 42/48 | €122k | €102k | €139k | €118k | €94k |
| Trade debts payable within one year | 44 | €18k | €32k | €11k | €23k | €16k |
| Income statement | ||||||
| Gross operating margin | 9900 | €95k | €151k | €141k | €103k | €87k |
| Operating result | 9901 | €56k | €104k | €99k | €71k | €55k |
| Financial income | 75 | €15k | €16k | €790 | €730 | €1k |
| Financial charges | 65 | €5k | €6k | €6k | €1k | €464 |
| Result before taxes | 9903 | €66k | €114k | €94k | €71k | €56k |
| Income taxes | 67/77 | €13k | €24k | €24k | €22k | €14k |
| Net result for the period | 9904 | €54k | €90k | €71k | €49k | €42k |
| Result to be appropriated | 9905 | €54k | €90k | €71k | €49k | €42k |
Legal Structure
| NACE primary | Landscape service activities(81300) |
| Legal form | Private limited company(610) |
| Incorporation | 11-08-2020 |
| Status | Active |
| Postal code | 2390 |
Establishment units
Serneels Outdoor Concepts
since 20202.306.648.815
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049C0131/00V002 | Flanders | 1,377 m² | 1 · 232 m² | 12.7 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €90k ▲27.7%
Operating result €104k, net result €90k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €170k ▲71.2%
3 profitable years in a row build equity to €170k.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.04
Current ratio from 0.47 to 1.04.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Landscape service activities81300Retail sale of flowers, plants, seeds and fertilisers47761Guest rooms (bed and breakfast)55204
Names & trade names
| Legal nameNL | Serneels Outdoor Concepts |
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