Financials
- Financial year
- 2025
- Total assets
- €443,514
- Profit
- €49,633
- Solvency
- 37.8%
Total assets▲ 0.7%
Net result
20192025
SERTHO
ActiveSummary
SERTHO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,666 and a net result of €49,633. Equity is growing by about 77% per year across the filed financial years. Its solvency ranks better than 54% of 22,536 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Retail sale of antiques
NACE 47791
1 site
Size
€443,514total assets 2025
- Equity
- €167,666
- Profit
- €49,633
Turnover not published (micro format)
Structure
- SMALLE Katharina Magareta JohannaDirector
- SERRUYS ThomasDirector
2025 accounts 4 days early2 of 6 deeds summarised
Why 93raises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 2.57, cash €80,233Figures for financial year 2025 (filed 31-03-2026)Founded in 2015Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 73% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Strong
Solvency
63+11
equity 37.8% of total assets
Liquidity
72+13
short-term debt 10.3% · cash 18.1%
Profitability
83+8
return on assets 11.2%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.5%▲ +0.1 percentage points vs 11-2024
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.6%▲ +0.1 percentage points vs 02-2025highest value
04-2025: 0.4%▼ -0.2 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.3%▼ -0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.4%▲ +0.1 percentage points vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.2%▼ -0.2 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.57, compared with 1.5 in 2024, above the usual 1.5; short-term debt: 10.3% and cash: 18.1% of total assets), but 62.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 53% on solvency, 78% on liquidity, 76% on profitability and 84% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 27-03-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 days early
2024
7 days early
2023
27 days early
2022
21 days early
2021
8 days early
2020
8 days early
2019
22 days 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 14 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 23 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-08-2026 year end24-10-2026 today31-03-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €150,000equity €167,666 ▲42.1%
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Board & ownership
- Board
- 2 members
- SMALLE Katharina Magareta JohannaDirector
- SERRUYS ThomasDirector
Timeline
- Events
- 16
- Since
- 2018
- Next accounts
- by 31-03-2027
- 31-08-2024Equity above €100,000
- 04-03-2024Annual accounts filed
- 14-11-2023Resignation: SERRUYS Thomas (manager)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of antiquesNACE 47791
- Founded
- 16-12-2015
- Year ends
- 31-08
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 23
- Annual meeting
- Third Thursday of February at 10:00
- Purpose
- “De handel in de kunst, antiek en design in de ruimste zin van het woord zowei in binnen-…” (deed in Dutch)
Key facts about SERTHO
- What is the company number of SERTHO?
- 0644.581.925. In Belgium the VAT number is the company number with BE in front: BE 0644.581.925.
- Where is SERTHO based?
- The registered office is at Nijverheidsstraat 29, 8310 Brugge.Company details
- What does SERTHO do?
- According to the KBO register, the main activity is retail sale of antiques (NACE 47791).
- What is the legal form of SERTHO?
- Private limited company (BV).
- When was SERTHO founded?
- On 16-12-2015.
- Is SERTHO still active?
- Yes, SERTHO is an active enterprise in the KBO register.
- How many employees does SERTHO have?
- On average 0.5 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of SERTHO?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is SERTHO profitable?
- In financial year 2025, SERTHO made a profit of €49,633.
- Where can I find the annual accounts of SERTHO?
- SERTHO filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SERTHO due?
- By 31-03-2027, for financial year 2026.Timeline
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- ANTIQUAIR K. GRUSENMEYERBrussel
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