SERTISOL
ActiveSERTISOL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €6k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 2041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-18
Solvency97▲+16
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.56 against 2.55 in 2024; short-term debt: 27.9% and cash: 22.8% of total assets), and 28.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.8%
Return on assets
4.1%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €106k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
39 d early
2023
16 d early
2022
119 d late
2021
26 d early
2020
47 d early
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k▼ 81.9%
2024 · €34k
2019: €124k
2020: €116k
2021: €-18k
2022: €-2k
2023: €-169k
2024: €34k
2019 → 2025
Working capital
€105k▲ 5.8%
2024 · €99k
2019: €136k
2020: €246k
2021: €250k
2022: €242k
2023: €85k
2024: €99k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€267k-€265k▼ 0.6%€96k▼ 63.8%€100k▲ 3.8%€106k▲ 6.1%
Operating result€-13k-€12k€-162k€44k€7k▼ 83.5%
Net result€-18k-€-2k▲ 91.0%€-169k▼ 10,117%€34k€6k▼ 81.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€1k▼ 93.7%
Current assets
€146k▼ 10.5%
Equity and liabilities €147k
Equity
€106k▲ 6.1%
Debt
€42k▼ 47.9%
The debt ratio falls from 44.5% to 28.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▼
2024 · €74k
Cash flow
€22k▼
2024 · €64k
Solvency
71.8%▲
2024 · 55.5%
Current ratio
3.56▲
2024 · 2.55
Quick ratio
3.56▲
2024 · 2.55
Debt / equity
0.39▼
2024 · 0.80
ROE
5.8%▼
2024 · 33.8%
ROA
4.1%▼
2024 · 18.8%
Interest coverage
26.28▲
2024 · 7.50
Debt
€42k▼
2024 · €80k
Debt ≤ 1 year
€41k▼
2024 · €64k
Income taxes
€262▲
2024 · €160
Staff costs
€220k▲
2024 · €157k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€179k€147k▼
Fixed assets21/28€16k€1k▼
Tangible fixed assets22/27€16k-
Plant, machinery and equipment23€16k-
Financial fixed assets28€348€1k▲
Current assets29/58€163k€146k▼
Amounts receivable within one year40/41€103k€109k▲
Trade receivables40€103k€109k▲
Cash at bank and in hand54/58€41k€34k▼
Deferred charges and accrued income490/1€19k€3k▼
Equity and liabilities
Total equity and liabilities10/49€179k€147k▼
Equity10/15€100k€106k▲
Contributions10/11€19k€19k=
Reserves13€45k€45k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€43k€43k=
Profit (loss) carried forward14€36k€42k▲
Amounts payable17/49€80k€42k▼
Amounts payable after more than one year17€16k-
Financial debts170/4€16k-
Amounts payable within one year42/48€64k€41k▼
Current portion of amounts payable after more than one year42€23k€16k▼
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€7k€19k▲
Taxes450/3€2k€6k▲
Remuneration and social security454/9€5k€13k▲
Other amounts payable47/48€30k-
Accrued charges and deferred income492/3-€441
Income statement
Code20242025
Non-recurring operating income76A€11k€323▼
Remuneration, social security and pensions62€157k€220k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€16k▼
Other operating charges640/8€1k€585▼
Gross operating margin9900€232k€244k▲
Operating profit (loss)9901€44k€7k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€10k€867▼
Recurring financial charges65€10k€867▼
Profit (loss) for the period before taxes9903€34k€6k▼
Income taxes67/77€160€262▲
Profit (loss) for the period9904€34k€6k▼
Profit (loss) for the period to be appropriated9905€34k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€42k▼
Profit (loss) brought forward from the previous period14P€33k€36k▲
Profit to be distributed694/7€30k-
Return on contributions (dividend)694€30k-
Social balance
Average headcount (FTE)90876.06.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Equity above €100kEq €106k ▲6.1%
2 profitable years in a row build equity to €106k.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Back to profitnet €34k
Net result €34k after 3 loss-making years.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Weakest financial yearnet €-169k
Net result drops to €-169k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 119 days late
2022
05-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €200kEq €272k ▲74.3%
2 profitable years in a row build equity to €272k.
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Charleroi · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zoning de Jumet,avenue Centrale 556040 CharleroiGround area
9,994 m²
Building footprint
3,265 m²
Volume, LiDAR
31,190 m³
Parcel 52034B1039/00Z004, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SERTISOL
since 20152.251.344.066
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52034B1039/00Z004 | Wallonia | 9,994 m² | 1 · 3,265 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categorySERTISOL SRL36970
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DOSCO
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AL-BOR WATERLOO
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Ternat · Eq €105k
Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 1,047 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2015
Fiscal year end30-06
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
16230Manufacture of other builders' carpentry and joinery
43990Other specialised construction activities
43999Specialised construction activities
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.