Sertas
ActiveSummary
Sertas is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€22,301) and a net result of €62,266. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1495 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1495 sector peers (2025).
NBB · sector comparisonPosition among 1495 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
21 d early
2023
20 d early
2022
18 d early
2021
38 d early
2020
36 d early
2019
28 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 27 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€22,301▲ 73.6%
2024 · -€84,567
Net result
€62,266▲ 849%
2024 · €6,562
Total assets
€196,413▼ 10.4%
2024 · €219,286
Solvency
-11.4%▲ 27.2pp
2024 · -38.6%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, 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
Line20212022202320242025
Operating result€52,055-€74,350-€57,830▲ 22.2%€13,668€67,782▲ 396%
Net result€35,653within the sector's middle half-€78,498below the sector's middle half-€65,016below the sector's middle half▲ 17.2%€6,562below the sector's middle half€62,266within the sector's middle half▲ 849%
Equity€53,530below the sector's middle half▲ 199%-€24,968below the sector's middle half-€91,129below the sector's middle half▼ 265%-€84,567below the sector's middle half▲ 7.2%-€22,301below the sector's middle half▲ 73.6%
Total assets€369,987below the sector's middle half▲ 687%€335,247below the sector's middle half▼ 9.4%€249,660below the sector's middle half▼ 25.5%€219,286below the sector's middle half▼ 12.2%€196,413below the sector's middle half▼ 10.4%
Debt€316,457▲ 985%€360,215▲ 13.8%€340,788▼ 5.4%€303,852▼ 10.8%€218,713▼ 28.0%
Working capital-€79,225-€100,241▼ 26.5%-€191,505▼ 91.0%-€181,840▲ 5.0%-€127,621▲ 29.8%
Solvency14.5%below the sector's middle half▼ 23.5pp-7.4%below the sector's middle half▼ 21.9pp-36.5%below the sector's middle half▼ 29.1pp-38.6%below the sector's middle half▼ 2.1pp-11.4%below the sector's middle half▲ 27.2pp
Staff (FTE)1.9below the sector's middle half2within the sector's middle half▲ 5.3%2within the sector's middle half=2within the sector's middle half=2within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro 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 396% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €196,413
Fixed assets
€156,402 ▼ 14.1%
Current assets
€40,011 ▲ 7.8%
Key figures and ratios
ROA
31.7%▲
2024 · 3.0%
Debt ≤ 1 year
€167,632▼
2024 · €218,964
Debt > 1 year
€51,081▼
2024 · €84,888
Income taxes
€352▲
2024 · €334
Staff costs
€144,136▲
2024 · €138,550
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €200,000 | €605 | - | - | - | - |
| Remuneration, social security and pensions62 | €114,789 | €126,934 | €132,833 | €138,550 | €144,136 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,802 | €35,028 | €36,743 | €36,056 | €34,417 | ▼ 4.5% |
| Other operating charges640/8 | €195 | €197 | €352 | €251 | €334 | ▲ 33.2% |
| Non-recurring operating charges66A | - | €9,768 | €302 | €368 | €40 | ▼ 89.1% |
| Gross operating margin9900 | €199,841 | €97,577 | €112,399 | €188,892 | €246,708 | ▲ 30.6% |
| Operating profit (loss)9901 | €52,055 | -€74,350 | -€57,830 | €13,668 | €67,782 | ▲ 396% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €1,614 | €4,036 | €6,993 | €6,772 | €5,164 | ▼ 23.7% |
| Recurring financial charges65 | €1,614 | €4,036 | €6,993 | €6,772 | €5,164 | ▼ 23.7% |
| Profit (loss) for the period before taxes9903 | €50,441 | -€78,386 | -€64,824 | €6,896 | €62,618 | ▲ 808% |
| Income taxes67/77 | €14,788 | €112 | €192 | €334 | €352 | ▲ 5.5% |
| Profit (loss) for the period9904 | €35,653 | -€78,498 | -€65,016 | €6,562 | €62,266 | ▲ 849% |
| Transfer from tax-exempt reserves789 | €6,898 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €42,551 | -€78,498 | -€65,016 | €6,562 | €62,266 | ▲ 849% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €369,987 | €335,247 | €249,660 | €219,286 | €196,413 | ▼ 10.4% |
| Fixed assets21/28 | €286,100 | €254,960 | €218,217 | €182,161 | €156,402 | ▼ 14.1% |
| Intangible fixed assets21 | €274,713 | €254,342 | €218,217 | €182,161 | €156,402 | ▼ 14.1% |
| Tangible fixed assets22/27 | €11,387 | €618 | - | - | - | - |
| Plant, machinery and equipment23 | €1,682 | €618 | - | - | - | - |
| Furniture and vehicles24 | €271 | - | - | - | - | - |
| Other tangible fixed assets26 | €9,435 | - | - | - | - | - |
| Current assets29/58 | €83,888 | €80,287 | €31,443 | €37,124 | €40,011 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €55,744 | €37,928 | - | €10,000 | - | - |
| Trade receivables40 | €1,000 | €23,040 | - | €10,000 | - | - |
| Other amounts receivable41 | €54,744 | €14,888 | - | - | - | - |
| Cash at bank and in hand54/58 | €3,373 | €19,417 | €4,880 | €4,319 | €11,635 | ▲ 169% |
| Deferred charges and accrued income490/1 | €24,771 | €22,942 | €26,562 | €22,805 | €28,376 | ▲ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €369,987 | €335,247 | €249,660 | €219,286 | €196,413 | ▼ 10.4% |
| Equity10/15 | €53,530 | -€24,968 | -€91,129 | -€84,567 | -€22,301 | ▲ 73.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €47,330 | €80 | €80 | €80 | €80 | = |
| Tax-exempt reserves132 | €80 | €80 | €80 | €80 | €80 | = |
| Distributable reserves133 | €47,250 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | -€31,248 | -€97,409 | -€90,847 | -€28,581 | ▲ 68.5% |
| Amounts payable17/49 | €316,457 | €360,215 | €340,788 | €303,852 | €218,713 | ▼ 28.0% |
| Amounts payable after more than one year17 | €153,344 | €179,686 | €117,840 | €84,888 | €51,081 | ▼ 39.8% |
| Financial debts170/4 | €78,344 | €106,266 | €117,840 | €84,888 | €51,081 | ▼ 39.8% |
| Trade debts175 | €75,000 | €73,420 | - | - | - | - |
| Amounts payable within one year42/48 | €163,113 | €180,528 | €222,948 | €218,964 | €167,632 | ▼ 23.4% |
| Current portion of amounts payable after more than one year42 | €14,612 | €21,739 | €32,125 | €32,952 | €33,807 | ▲ 2.6% |
| Financial debts43 | - | €8,776 | - | - | - | - |
| Credit institutions430/8 | - | €8,776 | - | - | - | - |
| Trade debts44 | €126,589 | €69,170 | €69,990 | €70,379 | €69,723 | ▼ 0.9% |
| Suppliers440/4 | €126,589 | €69,170 | €69,990 | €70,379 | €69,723 | ▼ 0.9% |
| Taxes, remuneration and social security45 | €21,912 | €22,901 | €38,249 | €20,420 | €25,257 | ▲ 23.7% |
| Taxes450/3 | €2,288 | €4,955 | €10,897 | €2,704 | €5,566 | ▲ 106% |
| Remuneration and social security454/9 | €19,624 | €17,945 | €27,351 | €17,716 | €19,691 | ▲ 11.2% |
| Other amounts payable47/48 | - | €57,943 | €82,585 | €95,213 | €38,845 | ▼ 59.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,653 | -€78,498 | -€65,016 | €6,562 | €62,266 | ▲ 849% |
| + Depreciation and write-downs630 | €32,802 | €35,028 | €36,743 | €36,056 | €34,417 | ▼ 4.5% |
| Operating cash flow (approximation) | €68,455 | -€43,470 | -€28,273 | €42,618 | €96,683 | ▲ 127% |
| Investment in fixed assets (approximation) | - | -€3,889 | €0 | €0 | -€8,658 | - |
| Change in cash | - | €16,045 | -€14,537 | -€561 | €7,315 | ▲ 1,404% |
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
08-09
State Gazette act
Statutes amendmentCapital conversion · Capital · Power of attorney7 facts ▸
State Gazette act
Statutes amendment
Capital conversion · Capital · Power of attorney7 facts ▸
- General meeting, 01-09-2026
- Capital conversion, beschikbare eigenvermogensrekening
- Statutes amendment, acht
- Statutes amendment, achttien
- Statutes amendment
- Capital
- Power of attorney
24-07
State Gazette act
Resignation: Peter Magherman (director)Director discharge3 facts ▸
State Gazette act
Resignation: Peter Magherman (director)
Director discharge3 facts ▸
- General meeting, 30-06-2026
- Director resignation, Peter Magherman (director)
- Director discharge, Peter Magherman
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-03
State Gazette act
Resignation: Rik Oost (director)Director discharge3 facts ▸
State Gazette act
Resignation: Rik Oost (director)
Director discharge3 facts ▸
- General meeting, 16/12/2025
- Director resignation, Rik Oost (director)
- Director discharge, Rik Oost
2025
31-12
Financial
Highest result since 2018net €62,266 ▲849%
Operating result €67,782, net result €62,266, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €6,562
Net result €6,562 after 2 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€78,498
Net result drops to -€78,498, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €35,653
Net result €35,653 after one loss-making year.
Show earlier events
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-12
Financial
Back to profitnet €16,409
Net result €16,409 after one loss-making year.
30-12
Financial
Liquidity doublescurrent ratio 3.25
Current ratio from 1.58 to 3.25; short-term debt falls from €18,484 to €14,147.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 3 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
10 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2002
Ground area
2,042 m²
Building footprint
519 m²
Volume, LiDAR
3,915 m³
Parcel 44064B1121/00B000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
We 4 U Makelaars
since 20022.096.161.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B1121/00B000 | Flanders | 2,042 m² | 1 · 519 m² | 10.6 m · 3 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.
Mandate history
2 people since 2025, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Peter Magherman |
|
| Rik Oost |
|
Articles of association
Who signs
“De vennootschap wordt tevens rechtsgeldig vertegenwoordigd door de bij bijzondere volmacht aangestelde vertegenwoordiger, binnen de grenzen van zijn mandaat. (…) Dagelijks bestuur Het bestuursorgaan kan het dagelijks bestuur, alsook de vertegenwoordiging van de vennootschap wat dat bestuur aangaat…”
Full text
De vennootschap wordt tevens rechtsgeldig vertegenwoordigd door de bij bijzondere volmacht aangestelde vertegenwoordiger, binnen de grenzen van zijn mandaat. (…) Dagelijks bestuur Het bestuursorgaan kan het dagelijks bestuur, alsook de vertegenwoordiging van de vennootschap wat dat bestuur aangaat, opdragen aan één of meer van zijn leden, die dan de titel dragen van gedelegeerd bestuurder, of aan één of meer directeurs. Wordt een niet-bestuurder belast met het dagelijks bestuur dan draagt hij de titel van directeur of algemeen directeur of elke andere titel waarmee hij/zij in het benoemingsbesluit wordt aangeduid.
Annual meeting
Second Friday of June at 10:00
Duration
Unlimited
Purpose
De bemiddeling in verzekeringen, alsmede alle verrichtingen en diensten die daarmee gepaard gaan of behoren tot de gebruikelijke activiteit van verzekeringsmakelaar; Het beheren en…
Full purpose (12 activities)
- De bemiddeling in verzekeringen, alsmede alle verrichtingen en diensten die daarmee gepaard gaan of behoren tot de gebruikelijke activiteit van verzekeringsmakelaar
- Het beheren en verkopen van verzekeringsproducten, beleggingen, spaarformules en kredieten, zowel hypothecaire als andere, dit in de meest uitgebreide zin van het woord
- Het verstrekken van advies en het aanbieden van financiële producten en diensten
- Commerciële activiteiten alsook consultancywerkzaamheden in commerciële zaken en algemeen management
- Het uitoefenen van de activiteiten van bankagentuur en de uitbating van een zelfstandig bankagentschap
- Beheren, aankopen, verkopen, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren en verkavelen van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen
- Onroerende goederen in pand geven als borgstelling voor verbintenissen van derde personen
- Deelnemen in of zich op een andere wijze interesseren in andere vennootschappen, ondernemingen, groeperingen of organisaties
- Borg stellen of aval verlenen, voorschotten en kredieten toestaan en hypothecaire of andere waarborgen verstrekken
- De functie van bestuurder of vereffenaar in andere vennootschappen uitoefenen
- Alle verrichtingen uitvoeren die nodig zijn voor de verwezenlijking van haar voorwerp
- Handelsverrichtingen, nijverheidsverrichtingen, financiële en onroerende verrichtingen, zowel voor eigen rekening als voor rekening van derden, die van aard zijn de verwezenlijking van haar voorwerp rechtstreeks of onrechtstreeks te bevorderen
Legal form clause
Besloten vennootschap
Name clause
Registered office clause
Vlaamse Gewest
Board rule
Met of zonder beperking van duur; bij gebrek aan bepaling onbepaalde duur, 1
Bijzondere volmacht aan derde aangestelde, indien meerdere bestuurders, volmacht gezamenlijk gegeven
Door alle bestuurders, door voorzitter, gedelegeerd bestuurder of twee bestuurders
Tenminste de helft van de leden aanwezig of vertegenwoordigd, gewone meerderheid van aanwezige of vertegenwoordigde bestuurders
Notulen bestuursorgaan, ondertekend door de voorzitter van de vergadering en de leden die dat verlangen
Bestuursorgaan bepaalt of zij alleen dan wel gezamenlijk optreden, dagelijks bestuur
3 more provisions on this in the deed
Meeting access
One provision in the deed
Meeting procedure
Voorgezeten door een bestuurder of, bij gebrek daaraan, door de aanwezige aandeelhouder die de meeste aandelen bezit en, in geval van pariteit, door de oudste,…
Voting rule
Beraadslagingen, het formulier wordt verzonden aan de vennootschap en moet ten laatste één werkdag vóór de vergadering op de zetel toekomen
Worden de besluiten genomen bij gewone meerderheid van de uitgebrachte stemmen, ongeacht het aantal effecten dat op de algemene vergadering vertegenwoordigd is,…
Proxy rule
Elke aandeelhouder kan aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, een schriftelijke volmacht geven om zich te laten…
Meeting agenda
Agenda, behalve als alle personen die moeten worden opgeroepen, aanwezig of vertegenwoordigd zijn en, in het laatste geval, op voorwaarde dat de volmachten dit…
Written decision
One provision in the deed
Profit allocation
Bestemming van de winst, in voorkomend geval verminderd met het overgedragen verlies of vermeerderd met de overgedragen winst
Dissolution rule
Ontbinding, de vennootschap kan op elk moment worden ontbonden door beslissing van de algemene vergadering
Liquidation rule
One provision in the deed
Liquidation distribution
Verdeling van het netto-actief, na aanzuivering van alle schulden, lasten en kosten van de vereffening of consignatie van de nodige sommen om die te voldoen en,…
Other provisions
1 more provision in the deed, see the deed of 08-09-2026
Structure & network
Owners and holdings
1 ownerChain of control
- OCTAVIO
- Sertas
Highest known parent: OCTAVIO. The sources do not say who stands above it.
Owners 1
- OCTAVIOparentSourceaccounts OCTAVIO 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 08-09-2026 Converted to available equity
Similar companies · same sector, comparable size
DE GUNST - MORELLE
BE 0681.868.626
Schaarbeek · Eq €53,739
FINANCE EEKLO
BE 1006.664.020
Eeklo · Eq €53,317
PREFIMMA
BE 0434.071.337
Beauraing · Eq €53,309
DINCASSUR 2
BE 0788.168.550
Châtelet · Eq €53,829
Agra-Services
BE 0740.588.763
Andenne · Eq €53,212
Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 2,342 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
Founded12-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477737371
Also
9925:BE0477737371
Registered
13-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.