SEROKAN
ActiveSummary
The computed 12-month bankruptcy probability of SEROKAN is 1.9% (moderate). The 2024 annual accounts show equity of €30,156 and a net result of €2,910. Equity is shrinking by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 6719 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+53
Solvency77▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.53 in 2023; short-term debt: 32.1% and cash: 6% of total assets), and 47.6% of the assets are financed with debt.
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Signals
Five 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 · 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
52.4%
Return on assets
5.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
35 d late
2022
38 d early
2021
52 d late
2020
116 d late
2019
63 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 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€333,031
EBIT margin
8.0%
Net result
€2,910
2023 · -€11,170
Working capital
€15,324▲ 50.1%
2023 · €10,208
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€15,801▼ 10.6%-€20,470€1,924-€9,536€4,082
Net result€10,723within the sector's middle half▲ 17.1%-€18,896below the sector's middle half-€3,557below the sector's middle half▲ 81.2%-€11,170below the sector's middle half▼ 214%€2,910within the sector's middle half
EBIT margin
Equity€60,869within the sector's middle half▲ 21.4%€41,972within the sector's middle half▼ 31.0%€38,416within the sector's middle half▼ 8.5%€27,246within the sector's middle half▼ 29.1%€30,156within the sector's middle half▲ 10.7%
Total assets€106,297within the sector's middle half▼ 23.7%€63,960within the sector's middle half▼ 39.8%€113,362within the sector's middle half▲ 77.2%€67,022within the sector's middle half▼ 40.9%€57,520within the sector's middle half▼ 14.2%
Debt€45,428▼ 49.0%€21,987▼ 51.6%€74,947▲ 241%€39,776▼ 46.9%€27,363▼ 31.2%
Working capital€20,979€19,379▼ 7.6%€12,782▼ 34.0%€10,208▼ 20.1%€15,324▲ 50.1%
Solvency57.3%within the sector's middle half▲ 21.3pp65.6%within the sector's middle half▲ 8.4pp33.9%within the sector's middle half▼ 31.7pp40.7%within the sector's middle half▲ 6.8pp52.4%within the sector's middle half▲ 11.8pp
Staff (FTE)1.3
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,082 after a loss of €9,536 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57,520
Fixed assets
€23,748 ▼ 36.7%
Current assets
€33,771 ▲ 14.4%
Equity and liabilities €57,520
Equity
€30,156 ▲ 10.7%
Debt
€27,363 ▼ 31.2%
Debt's share of the balance-sheet total falls from 59.3% to 47.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,825▲
2023 · €7,045
Cash flow
€16,652▲
2023 · €5,412
Current ratio
1.83▲
2023 · 1.53
Debt to equity
0.91▼
2023 · 1.46
ROE
9.7%▲
2023 · -41.0%
ROA
5.1%▲
2023 · -16.7%
Interest coverage
10.38▲
2023 · 2.60
Debt ≤ 1 year
€18,447▼
2023 · €19,324
Debt > 1 year
€8,916▼
2023 · €20,452
Income taxes
€247▲
2023 · -€763
Staff costs
€134▼
2023 · €21,893
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 34,672 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 | - | - | €2,780 | €11,763 | - | - |
| Remuneration, social security and pensions62 | - | €40,162 | €42,565 | €21,893 | €134 | ▼ 99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,134 | €25,656 | €21,276 | €16,581 | €13,742 | ▼ 17.1% |
| Other operating charges640/8 | - | €6,981 | €8,304 | €4,260 | €3,484 | ▼ 18.2% |
| Non-recurring operating charges66A | - | - | - | €7,496 | - | - |
| Gross operating margin9900 | €96,250 | €52,330 | €74,069 | €40,695 | €21,443 | ▼ 47.3% |
| Operating profit (loss)9901 | €15,801 | -€20,470 | €1,924 | -€9,536 | €4,082 | ▲ 143% |
| Financial income75/76B | - | €5,259 | - | €317 | €792 | ▲ 150% |
| Recurring financial income75 | €980 | €5,259 | - | €317 | €792 | ▲ 150% |
| Financial charges65/66B | - | €1,315 | €5,174 | €2,713 | €1,717 | ▼ 36.7% |
| Recurring financial charges65 | €1,323 | €1,315 | €5,174 | €2,713 | €1,717 | ▼ 36.7% |
| Profit (loss) for the period before taxes9903 | €15,457 | -€16,526 | -€3,250 | -€11,933 | €3,157 | ▲ 126% |
| Income taxes67/77 | €4,734 | €2,371 | €307 | -€763 | €247 | ▲ 132% |
| Profit (loss) for the period9904 | €10,723 | -€18,896 | -€3,557 | -€11,170 | €2,910 | ▲ 126% |
| Profit (loss) for the period to be appropriated9905 | €10,723 | -€18,896 | -€3,557 | -€11,170 | €2,910 | ▲ 126% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106,297 | €63,960 | €113,362 | €67,022 | €57,520 | ▼ 14.2% |
| Fixed assets21/28 | €47,145 | €22,594 | €57,231 | €37,490 | €23,748 | ▼ 36.7% |
| Tangible fixed assets22/27 | €45,195 | €20,644 | €55,281 | €35,540 | €21,798 | ▼ 38.7% |
| Furniture and vehicles24 | - | €12,837 | €55,281 | €35,540 | €21,798 | ▼ 38.7% |
| Leasing and similar rights25 | - | €7,807 | - | - | - | - |
| Financial fixed assets28 | €1,950 | €1,950 | €1,950 | €1,950 | €1,950 | = |
| Current assets29/58 | €59,151 | €41,366 | €56,131 | €29,532 | €33,771 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €55,600 | €40,428 | €27,298 | €21,605 | €29,435 | ▲ 36.2% |
| Trade receivables40 | - | €39,459 | €27,298 | €10,028 | €19,797 | ▲ 97.4% |
| Other amounts receivable41 | - | €969 | - | €11,577 | €9,638 | ▼ 16.8% |
| Cash at bank and in hand54/58 | €2,500 | - | €28,063 | €7,114 | €3,435 | ▼ 51.7% |
| Deferred charges and accrued income490/1 | - | €938 | €771 | €812 | €902 | ▲ 11.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106,297 | €63,960 | €113,362 | €67,022 | €57,520 | ▼ 14.2% |
| Equity10/15 | €60,869 | €41,972 | €38,416 | €27,246 | €30,156 | ▲ 10.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €9,860 | €9,860 | €9,860 | €9,860 | €9,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €8,000 | €8,000 | €9,860 | €9,860 | = |
| Profit (loss) carried forward14 | €32,409 | €13,512 | €9,956 | -€1,214 | €1,696 | ▲ 240% |
| Amounts payable17/49 | €45,428 | €21,987 | €74,947 | €39,776 | €27,363 | ▼ 31.2% |
| Amounts payable after more than one year17 | €7,256 | - | €31,598 | €20,452 | €8,916 | ▼ 56.4% |
| Financial debts170/4 | - | - | €31,598 | €20,452 | €8,916 | ▼ 56.4% |
| Amounts payable within one year42/48 | €38,172 | €21,987 | €43,349 | €19,324 | €18,447 | ▼ 4.5% |
| Current portion of amounts payable after more than one year42 | - | €563 | €10,768 | €11,145 | €11,536 | ▲ 3.5% |
| Financial debts43 | - | €279 | - | - | - | - |
| Credit institutions430/8 | - | €279 | - | - | - | - |
| Trade debts44 | €1,782 | €5,236 | €8,454 | €2,532 | €2,560 | ▲ 1.1% |
| Suppliers440/4 | - | €5,236 | €8,454 | €2,532 | €2,560 | ▲ 1.1% |
| Taxes, remuneration and social security45 | - | €15,909 | €8,579 | €5,647 | €4,351 | ▼ 22.9% |
| Taxes450/3 | - | €8,974 | €4,693 | €3,668 | €4,351 | ▲ 18.6% |
| Remuneration and social security454/9 | - | €6,935 | €3,886 | €1,978 | - | - |
| Other amounts payable47/48 | - | - | €15,549 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,723 | -€18,896 | -€3,557 | -€11,170 | €2,910 | ▲ 126% |
| + Depreciation and write-downs630 | €24,134 | €25,656 | €21,276 | €16,581 | €13,742 | ▼ 17.1% |
| Operating cash flow (approximation) | €34,858 | €6,760 | €17,720 | €5,412 | €16,652 | ▲ 208% |
| Investment in fixed assets (approximation) | - | -€1,105 | -€55,914 | €3,160 | €0 | ▼ 100% |
| Change in cash | - | - | - | -€20,949 | -€3,679 | ▲ 82.4% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,910
Net result €2,910 after 3 loss-making years.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
31-12
Financial
Weakest financial yearnet -€18,896
Net result drops to -€18,896, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 116 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Machelen (Brab.) · 2 establishment units since 2012
Ground area
403 m²
Building footprint
159 m²
Volume, LiDAR
1,602 m³
2 parcels, Brussels, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Victor Hugostraat 18, 1030 Schaarbeek
since 20122.206.401.392
SEROKAN
since 20222.331.076.482
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23047C0001/00H005 | Flanders | 284 m² | 1 · 82 m² | 12.1 m · 3 fl. |
| 21905C0084/00W006 | Brussels | 119 m² | 1 · 78 m² | 17.9 m · 5 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.
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Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,511 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
Founded24-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843008786
Also
9925:BE0843008786
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.