SERULA
ActiveSERULA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €217k and a net result of €-8k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 75 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 8.73 against 9.15 in 2025), and 11.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1819212223242526
2018 to 2026 · latest year -€8k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 14-08-2026, 170 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2026
170 d early
2025
44 d early
2024
3 d early
2023
10 d early
2022
64 d early
2021
46 d early
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, abbreviated schema
Turnover
€8k
EBIT margin
-55.3%
Net result
€-8k▲ 51.8%
2025 · €-17k
2018: €-423
2019: €174k
2021: €4k
2022: €-12k
2023: €-46k
2024: €-29k
2025: €-17k
2018 → 2026
Working capital
€217k▼ 3.6%
2025 · €225k
2018: €150k
2019: €324k
2021: €287k
2022: €275k
2023: €229k
2024: €201k
2025: €225k
2018 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Turnover€8k-
Equity€316k-€270k▼ 14.4%€242k▼ 10.6%€225k▼ 6.9%€217k▼ 3.6%
Operating result€-4k-€-42k▼ 850%€-24k▲ 42.8%€-12k▲ 50.2%€-8k▲ 33.9%
Net result€-12k-€-46k▼ 283%€-29k▲ 36.9%€-17k▲ 42.1%€-8k▲ 51.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2026 against €12k in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €245k
Equity
€217k▼ 3.6%
Debt
€28k▲ 1.7%
The debt ratio rises from 10.9% to 11.5%: debt grows while equity shrinks.
Key figures and ratios
Solvency
88.5%▼
2025 · 89.1%
Current ratio
8.73▼
2025 · 9.15
Quick ratio
8.73▼
2025 · 9.15
Debt / equity
0.13▲
2025 · 0.12
ROE
-3.7%▲
2025 · -7.4%
ROA
-3.3%▲
2025 · -6.6%
Debt
€28k▲
2025 · €28k
Debt ≤ 1 year
€28k▲
2025 · €28k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€253k€245k▼
Current assets29/58€253k€245k▼
Amounts receivable within one year40/41€231k€244k▲
Trade receivables40€40k€40k=
Other amounts receivable41€192k€204k▲
Cash at bank and in hand54/58€21k€1k▼
Equity and liabilities
Total equity and liabilities10/49€253k€245k▼
Equity10/15€225k€217k▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Profit (loss) carried forward14€75k€67k▼
Amounts payable17/49€28k€28k▲
Amounts payable within one year42/48€28k€28k▲
Trade debts44€18k€19k▲
Suppliers440/4€18k€19k▲
Other amounts payable47/48€9k€9k▼
Income statement
Code20252026
Other operating charges640/8€1k€465▼
Gross operating margin9900€-10k€-7k▲
Operating profit (loss)9901€-12k€-8k▲
Financial income75/76B-€22
Recurring financial income75-€22
Financial charges65/66B€5k€132▼
Recurring financial charges65€5k€132▼
Profit (loss) for the period before taxes9903€-17k€-8k▲
Profit (loss) for the period9904€-17k€-8k▲
Profit (loss) for the period to be appropriated9905€-17k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€67k▼
Profit (loss) brought forward from the previous period14P€92k€75k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Liquidity times 5current ratio 9.54
Current ratio from 2.10 to 9.54; short-term debt falls from €261k to €32k.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €174k
Net result €174k after one loss-making year.
31-12
Financial
Equity above €200kEq €324k ▲116%
Equity rises from €150k to €324k.
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Genk · 1 establishment unit since 2017
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.
Molenstraat 823600 GenkGround area
3,703 m²
Building footprint
310 m²
Volume, LiDAR
2,633 m³
Parcel 71016I1344/00D000, Flanders · tallest building 20.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Molenstraat 82, 3600 Genk
since 20172.266.429.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1344/00D000 | Flanders | 3,703 m² | 1 · 310 m² | 20.1 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.
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Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 5,268 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-07-2017
Fiscal year end30-06
Activities, NACEBEL
68121Development of residential building projects
64200Holdings
64210Activities of holding companies
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.