Equity
-€264,268
Debts exceed assets in financial year 2025.
SERQUAL
Part of the group
42 companies in 5 countries
Lifetime
16 annual accounts with figures on one time axispeak €580,945 (2025)
€580,945▲ 15.4%
lowest -€226,253 (2010)
€95,066▲ 12.2%
peak €62,056 (2020)
-€264,268▲ €95,066
€1.4m▼ 10.4%
peak 14.6 FTE (2021)
8.9 FTE▼ 1.1%
Board9 names since 2015
2 directors and 1 other
Owners2 names in the annual accounts
100% and 1 other
Documentsfilings and deeds
11-07-202620 days before the deadline
2025abbreviated format
Gross margin from €503,404 to €580,9451 director resigning, 1 statutory auditor reappointed, 2 reap… 18-12Equity from -€359,334 to -€264,268Cash from €157,481 to €212,351
Key points
from the 2025 annual accountsDebts
€1.4m 124% of the balance sheet
Financial debts 43%Suppliers 29%Taxes and wages 5%Other 23%
€674,074 of the debts are secured on the company's own assets. In 2021 that was €72,210.
Staff
8.9 FTE from 14.6 in 2021
Between 2021 and 2025, 39% of the full-time equivalents disappeared.
Filings
16 annual accounts 17 filings since 2010
Five of the last ten came late. The 2019 accounts came latest: 59 days after the end of the period.
Board
1 left
A director left. Latest change 18-12-2025 · 2 in office.
Position in the sector
-€264,268
Less equity than 95% of companies in retail trade. Sector median €314,776 · 13,251 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,633 companies had the same profile as SERQUAL has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,633 companies, not a prediction for SERQUAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Daily manager,
Director,
Auditor,
- 100%equity €64.5m (2025) · 2025 annual accounts of
- 50%score equity €90,959 (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0811837936
1 director resigning, 1 statutory auditor reappointed, 2 reappointments
Reappointments: (statutory auditor), and · Resignation: · Permanent representatives: and · General meeting of 01-07-2025 · Gazette deed
Permanent representative:
Reappointment: (statutory auditor) · General meeting of 21-12-2023 · Gazette deed
1 director appointed, 2 reappointments
Appointment: · Permanent representative: · Reappointments: and · General meeting of 28-02-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SERQUAL Sprimont | €1.1m | €580,945 | -24.0% | 8.9 |
| D STREE Modave | €1.3m | €527,510 | -2.2% | 8.6 |
| ERBA GROUP Ghent | €1.3m | €551,160 | 19.5% | 9 |
| LTL FRESH FOOD II Oudsbergen | €1.0m | €438,107 | 45.8% | 9.2 |
| SAREN Beringen | €1.3m | €586,574 | 77.6% | 9.6 |
| SILVERSHOP Nieuwpoort | €1.0m | €586,327 | 33.3% | 9.7 |
| COBOCADO Lokeren | €0.9m | €514,728 | 18.2% | 10.1 |
These companies have the same main activity as SERQUAL: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €939,000 and €1.3m, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 20-05-2009Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment unit
- 2.178.924.0644140 Sprimont, since 01-07-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- €1.1m▼ 5.4%
- Employeeson 31-12-2025
- 9▼ 10.0%
- Filing
- Filed on 11-07-2026, 20 days before the end of the filing period
Insights on SERQUAL
SERQUAL files the abbreviated format. That format states no turnover. The gross margin rose from €46,865 in 2010 to €580,945 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets, financed with long-term debt.
holds all the shares. In July 2022, four directors stepped down. In July 2022, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SERQUAL
- What is the company number of SERQUAL?
- The company number of SERQUAL is 0811.837.936. The VAT number is the same number with BE in front: BE 0811.837.936.
- Where is SERQUAL based?
- The registered office is at Rue du Centre 8, 4140 Sprimont.Company details
- What does SERQUAL do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of SERQUAL?
- SERQUAL is a public limited company (NV).
- When was SERQUAL founded?
- SERQUAL was founded on 20-05-2009.
- Is SERQUAL still active?
- Yes, SERQUAL is an active enterprise in the KBO register.
- How many employees does SERQUAL have?
- SERQUAL had an average of 8.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SERQUAL fall under?
- In its 2025 annual accounts, SERQUAL states joint committee 201 (Independent retail).
- What is the turnover of SERQUAL?
- The turnover of SERQUAL was €4.6m in financial year 2025, according to the filed annual accounts.
- Is SERQUAL profitable?
- In financial year 2025, SERQUAL made a profit of €95,066.
- Where can I find the annual accounts of SERQUAL?
- SERQUAL filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SERQUAL due?
- SERQUAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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