SEROL
ActiveSummary
SEROL has been active since 2014 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €6,319 and a net result of €4,849. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+84
Solvency40▲+12
Growth78▲+26
Track record92
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 19% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
26 d late
2023
31 d late
2022
32 d late
2021
52 d early
2020
34 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,319▲ 330%
2024 · €1,470
Total assets
€40,965▼ 12.9%
2024 · €47,013
Net result
€4,849
2024 · -€29,637
Working capital
-€7,424▲ 64.9%
2024 · -€21,171
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
Line20212022202320242025
Operating result-€377▲ 26.2%€75,641€14,822▼ 80.4%-€28,686€5,070
Net result-€409▲ 25.5%€55,460€25,280▼ 54.4%-€29,637€4,849
Equity-€49,633▼ 0.8%€5,827€31,107▲ 434%€1,470▼ 95.3%€6,319▲ 330%
Total assets€80,671€78,520▼ 2.7%€47,013▼ 40.1%€40,965▼ 12.9%
Debt€49,633▲ 0.5%€74,844▲ 50.8%€47,413▼ 36.7%€45,543▼ 3.9%€34,646▼ 23.9%
Working capital-€30,995-€372▲ 98.8%-€21,171▼ 5,599%-€7,424▲ 64.9%
Staff (FTE)10.8▼ 20.0%1▲ 25.0%
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 2025: €5,070 after a loss of €28,686 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,965
Fixed assets
€13,743 ▼ 39.3%
Current assets
€27,223 ▲ 11.7%
Equity and liabilities €40,965
Equity
€6,319 ▲ 330%
Debt
€34,646 ▼ 23.9%
Debt's share of the balance-sheet total falls from 96.9% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14,127▲
2024 · -€19,630
Cash flow
€13,906▲
2024 · -€20,581
Current ratio
0.79▲
2024 · 0.54
Debt to equity
5.48▼
2024 · 30.98
ROE
76.7%
ROA
11.8%▲
2024 · -63.0%
Interest coverage
329.45▲
2024 · -134.63
Debt ≤ 1 year
€34,646▼
2024 · €45,543
Income taxes
€329▼
2024 · €805
Staff costs
€10,838▼
2024 · €50,183
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 5,049 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €85,413 | €52,966 | €50,183 | €10,838 | ▼ 78.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,866 | €8,183 | €9,056 | €9,056 | = |
| Other operating charges640/8 | - | €2,284 | €1,109 | €321 | €565 | ▲ 75.9% |
| Gross operating margin9900 | -€377 | €167,204 | €77,079 | €30,874 | €25,529 | ▼ 17.3% |
| Operating profit (loss)9901 | -€377 | €75,641 | €14,822 | -€28,686 | €5,070 | ▲ 118% |
| Financial income75/76B | - | - | €44 | - | €151 | - |
| Recurring financial income75 | - | - | €44 | - | €151 | - |
| Financial charges65/66B | - | €181 | €605 | €146 | €43 | ▼ 70.6% |
| Recurring financial charges65 | €32 | €181 | €605 | €146 | €43 | ▼ 70.6% |
| Profit (loss) for the period before taxes9903 | -€409 | €75,460 | €14,261 | -€28,832 | €5,179 | ▲ 118% |
| Income taxes67/77 | - | €20,000 | -€11,019 | €805 | €329 | ▼ 59.1% |
| Profit (loss) for the period9904 | -€409 | €55,460 | €25,280 | -€29,637 | €4,849 | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | -€409 | €55,460 | €25,280 | -€29,637 | €4,849 | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | €80,671 | €78,520 | €47,013 | €40,965 | ▼ 12.9% |
| Fixed assets21/28 | - | €36,822 | €31,478 | €22,641 | €13,743 | ▼ 39.3% |
| Tangible fixed assets22/27 | - | €36,684 | €31,340 | €22,284 | €13,228 | ▼ 40.6% |
| Furniture and vehicles24 | - | €36,684 | €31,340 | €22,284 | €13,228 | ▼ 40.6% |
| Financial fixed assets28 | - | €138 | €138 | €357 | €515 | ▲ 44.3% |
| Current assets29/58 | - | €43,849 | €47,041 | €24,372 | €27,223 | ▲ 11.7% |
| Amounts receivable within one year40/41 | - | €35,123 | €30,910 | €24,108 | €26,889 | ▲ 11.5% |
| Trade receivables40 | - | €28,864 | €22,584 | €15,288 | €18,313 | ▲ 19.8% |
| Other amounts receivable41 | - | €6,259 | €8,325 | €8,819 | €8,576 | ▼ 2.8% |
| Cash at bank and in hand54/58 | - | €8,269 | €16,132 | €265 | €52 | ▼ 80.4% |
| Deferred charges and accrued income490/1 | - | €457 | - | - | €282 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0 | €80,671 | €78,520 | €47,013 | €40,965 | ▼ 12.9% |
| Equity10/15 | -€49,633 | €5,827 | €31,107 | €1,470 | €6,319 | ▲ 330% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | - | - | - | - |
| Other1109/19 | - | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | -€68,233 | -€12,773 | €12,507 | -€17,130 | -€12,281 | ▲ 28.3% |
| Amounts payable17/49 | €49,633 | €74,844 | €47,413 | €45,543 | €34,646 | ▼ 23.9% |
| Amounts payable after more than one year17 | €40,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €9,633 | €74,844 | €47,413 | €45,543 | €34,646 | ▼ 23.9% |
| Trade debts44 | - | €9,704 | €6,180 | €464 | €1,044 | ▲ 125% |
| Suppliers440/4 | - | €9,704 | €6,180 | €464 | €1,044 | ▲ 125% |
| Taxes, remuneration and social security45 | - | €28,387 | €6,424 | €13,965 | €7,683 | ▼ 45.0% |
| Taxes450/3 | - | €20,000 | €5,789 | €6,594 | €597 | ▼ 90.9% |
| Remuneration and social security454/9 | - | €8,387 | €635 | €7,372 | €7,086 | ▼ 3.9% |
| Other amounts payable47/48 | - | €36,753 | €34,809 | €31,114 | €25,919 | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€409 | €55,460 | €25,280 | -€29,637 | €4,849 | ▲ 116% |
| + Depreciation and write-downs630 | - | €3,866 | €8,183 | €9,056 | €9,056 | = |
| Operating cash flow (approximation) | -€409 | €59,326 | €33,462 | -€20,581 | €13,906 | ▲ 168% |
| Investment in fixed assets (approximation) | - | - | -€2,839 | -€219 | -€158 | ▲ 27.9% |
| Change in cash | - | - | €7,862 | -€15,867 | -€213 | ▲ 98.7% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €4,849
Net result €4,849 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
17-01
KBO administration
Address struck
2024
31-12
Financial
Weakest financial yearnet -€29,637
Net result drops to -€29,637, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €55,460
Net result €55,460 after 3 loss-making years.
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
15-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel · 1 establishment unit since 2014
Ground area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
1 establishment unit
SEROL
since 20142.324.829.187
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 2,211 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
Founded24-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
63920Other information service activities
70200Business and other management consultancy
71209Other technical testing and analysis
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0548877765
Registered
04-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.