Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SERIE from Genappe, company number BE0420366623, closed financial year 2025 with a result of € -590,479 after tax. For that financial year SERIE recorded a gross margin of € 1 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -960,185 to € -590,479. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 2.5 million
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -590,479
▲ 39 % less loss than in 2024
Profit after tax over the fiscal year.
€ 16,996
▲ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.8 million.
People and assets in 2025
€ 3,441
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15.3 million
▼ 4% vs 2024
€ 3.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 217,222
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 194,619 | € 828,492 | € 632,322 | € 1,045,998 | ▲ 65% |
| Profit after taxes | € -739,280 | € -576,006 | € -960,185 | € -590,479 | ▲ € 369,706 |
| Equity | € -469,792 | € -1,048,982 | € 3,087,648 | € 2,493,985 | ▼ 19% |
| Total debts | € 19,009,139 | € 19,959,930 | € 20,385,731 | € 20,466,769 | |
| Cash | € 18,422 | € 107,781 | € 9,091 | € 16,996 | ▲ 87% |
| Land & buildings | € 15,159,018 | € 15,759,834 | € 20,989,713 | € 20,370,803 | ▼ 3% |
| Retained profit | € -2,675,368 | € -3,251,373 | € -4,211,559 | € -4,802,037 | ▼ € 590,479 |
| Bank debt | € 15,992,813 | € 16,276,608 | € 15,987,711 | € 15,268,994 | ▼ 4% |
| Balance sheet total | € 18,539,348 | € 18,910,948 | € 23,473,379 | € 22,960,754 | ▼ 2% |
Key figures of SERIE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SERIE?
What happened at SERIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AXIAL INVEST SA stepped down as director. NBB
- Frédéric DAWANS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 590,479. Source: NBB ↗
- AXIAL INVEST SA became a director. NBB
- Frédéric DAWANS became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 739,280 loss in 2022 to € 590,479 loss in 2025.
Management
The stake of AXIAL INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SERIEThe shares are held by AXIAL INVEST (100%). It owns 100% of IMMO 55 and 95% of BELLIM itself.
Directors
According to the 2025 annual accounts
Director · represented by Hélène EVRARD
Also active at: IMMO 55, Ristorit, CONTINENTAL PROPERTIES, STRAUVEN, BELLIM, SEGONNES, MICHEL ANGELO VASTGOED MAATSCHAPPIJ, CHARITY TWO +9 more
since 2006 · until 2027
Frédéric DAWANS
Managing director
Also active at: IMMO 55, Ristorit, Tricorne, COMPAGNIE FRANCOIS DE GESTION, CONTINENTAL PROPERTIES, STRAUVEN, CESAR, AXIAL INVEST +16 more
since 1993 · until 2027
Shareholders
100%
Establishments
Establishment units
Physical locations of this company
Rue de la Forge 10
1470 Genappe
Avenue des Bouvreuils 13
1301 Wavre
Active since 1 May 1980
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →D4-INVEST
€ 261,589 gross margin · 2025
IMMO 55 same network
€ 344,396 gross margin · 2025
Ristorit same network
€ 2 million gross margin · 2025
Tricorne same network
€ -6,146 gross margin · 2025
MAESTRIA OFFICE
€ 2.7 million gross margin · 2025
+25 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.366.623
- VAT number
- BE 0420.366.623
- Registered office
- Rue de la Forge 10, 1470 Genappe
- Names & denominations
- SERIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 1980
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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Verhuur en exploitatie van terreinen
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