What does SERMADO do?

SERMADO is a property company in Tielt. Public Limited, started on 7 February 1992, 1 establishment.

What is the address of SERMADO?

The registered office of SERMADO is located at Wakkensesteenweg 30, 8700 Tielt.

Is SERMADO still active?

Yes. According to the CBE (29 October 2026) SERMADO is active, legal situation “Normale toestand”, started on 7 February 1992.

Is SERMADO registered on Peppol?

Yes, SERMADO is registered on the Peppol network with ID 0208:0446587307.

What is the enterprise number of SERMADO?

The enterprise number of SERMADO is BE0446587307.

When was SERMADO founded?

SERMADO was founded on 7 February 1992.

Who are the directors of SERMADO?

According to the 2026 annual accounts, the directors of SERMADO are: Sandra Serry, Bart Serry, Marc Serry.

Is SERMADO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 February 1992; 5 annual accounts filed, latest fiscal year 2026; 3 directors known from the annual account.

How much profit did SERMADO make in 2026?

SERMADO recorded a loss after taxes of € 121,281 in financial year 2026.

What is the revenue of SERMADO?

As a small company, SERMADO is not required to publish revenue in its annual accounts. In financial year 2026, its added value was € 158,562.

How many employees does SERMADO have?

According to the 2026 annual accounts, SERMADO has 0 full-time equivalents (FTE).

SERMADO (Public Limited) - Tielt - BE0446587307

Dossier SERMADO, printed on 29 October 2026 from databakkes.be/en/0446587307/sermado. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2025 and 2026.
Tight liquidity NBB

Cash and receivables cover 30 % of short-term debt in 2026; threshold 65 %.

Financials

Financial year 2026

SERMADO from Tielt, company number BE0446587307, closed financial year 2026 with a result of € -121,281 after tax. For that financial year SERMADO recorded a gross margin of € 158,562 and equity of € 2.1 million. Compared with financial year 2025, the result moved from € -4,970 to € -121,281. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 7, 2026.

What it is worth Healthy

€ 2.1 million

▼ 5% vs 2025

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -121,281

▼ 2340 % more loss than in 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 15,794

▼ 75% vs 2025

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 2.1 million.

People and assets in 2026

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Debts at end 2026

Bank debt ≈ 10 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.2 million

▲ 18% vs 2025

€ 118,234 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 62,879

▲ € 57,755 vs 2025

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 4,801

▼ 13% vs 2025

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Gross margin	€ 186,733 Gross margin 2023: € 186,733 First fiscal year in the series	€ 225,559 Gross margin 2024: € 225,559 ▲ 21% vs 2023 (€ 186,733) Favourable step	€ 262,227 Gross margin 2025: € 262,227 ▲ 16% vs 2024 (€ 225,559) Favourable step	€ 158,562 Gross margin 2026: € 158,562 ▼ 40% vs 2025 (€ 262,227) Unfavourable step	▼ 40%
Profit after taxes	€ -122,703 Profit after taxes 2023: € -122,703 First fiscal year in the series	€ -142,867 Profit after taxes 2024: € -142,867 ▼ € 20,164 vs 2023 (€ -122,703) Unfavourable step	€ -4,970 Profit after taxes 2025: € -4,970 ▲ € 137,897 vs 2024 (€ -142,867) Favourable step	€ -121,281 Profit after taxes 2026: € -121,281 ▼ € 116,311 vs 2025 (€ -4,970) Unfavourable step	▼ € 116,311
Equity	€ 2,522,417 Equity 2023: € 2,522,417 First fiscal year in the series	€ 2,379,550 Equity 2024: € 2,379,550 ▼ 6% vs 2023 (€ 2,522,417) Unfavourable step	€ 2,249,554 Equity 2025: € 2,249,554 ▼ 5% vs 2024 (€ 2,379,550) Unfavourable step	€ 2,128,274 Equity 2026: € 2,128,274 ▼ 5% vs 2025 (€ 2,249,554) Unfavourable step	▼ 5%
Total debts	€ 1,175,684 Total debts 2023: € 1,175,684 First fiscal year in the series	€ 1,386,929 Total debts 2024: € 1,386,929 ▲ 18% vs 2023 (€ 1,175,684) Unfavourable step	€ 1,423,260 Total debts 2025: € 1,423,260 ▲ 3% vs 2024 (€ 1,386,929) Unfavourable step	€ 1,373,810 Total debts 2026: € 1,373,810 ▼ 3% vs 2025 (€ 1,423,260) Favourable step	▼ 3%
Cash	€ 198,280 Cash 2023: € 198,280 First fiscal year in the series	€ 12,443 Cash 2024: € 12,443 ▼ 94% vs 2023 (€ 198,280) Unfavourable step	€ 62,027 Cash 2025: € 62,027 ▲ € 49,584 vs 2024 (€ 12,443) Favourable step	€ 15,794 Cash 2026: € 15,794 ▼ 75% vs 2025 (€ 62,027) Unfavourable step	▼ 75%
Land & buildings	€ 3,415,884 Land & buildings 2023: € 3,415,884 First fiscal year in the series	€ 3,759,441 Land & buildings 2024: € 3,759,441 ▲ 10% vs 2023 (€ 3,415,884) Unchanged	€ 3,545,469 Land & buildings 2025: € 3,545,469 ▼ 6% vs 2024 (€ 3,759,441) Unchanged	€ 3,431,017 Land & buildings 2026: € 3,431,017 ▼ 3% vs 2025 (€ 3,545,469) Unchanged	▼ 3%
Retained profit	€ 2,460,417 Retained profit 2023: € 2,460,417 First fiscal year in the series	€ 2,317,550 Retained profit 2024: € 2,317,550 ▼ 6% vs 2023 (€ 2,460,417) Unfavourable step	€ 2,187,554 Retained profit 2025: € 2,187,554 ▼ 6% vs 2024 (€ 2,317,550) Unfavourable step	€ 2,066,274 Retained profit 2026: € 2,066,274 ▼ 6% vs 2025 (€ 2,187,554) Unfavourable step	▼ 6%
Dividend	€ 0 Dividend 2023: € 0 First fiscal year in the series	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 125,025 Dividend 2025: € 125,025 Unchanged (€ 0) Unchanged	€ 0 Dividend 2026: € 0 ▼ 100% vs 2025 (€ 125,025) Unchanged	▼ 100%
Bank debt	€ 814,375 Bank debt 2023: € 814,375 First fiscal year in the series	€ 1,099,812 Bank debt 2024: € 1,099,812 ▲ 35% vs 2023 (€ 814,375) Unfavourable step	€ 1,055,197 Bank debt 2025: € 1,055,197 ▼ 4% vs 2024 (€ 1,099,812) Favourable step	€ 1,240,670 Bank debt 2026: € 1,240,670 ▲ 18% vs 2025 (€ 1,055,197) Unfavourable step	▲ 18%
Balance sheet total	€ 3,746,083 Balance sheet total 2023: € 3,746,083 First fiscal year in the series	€ 3,811,649 Balance sheet total 2024: € 3,811,649 ▲ 2% vs 2023 (€ 3,746,083) Unchanged	€ 3,715,174 Balance sheet total 2025: € 3,715,174 ▼ 3% vs 2024 (€ 3,811,649) Unchanged	€ 3,541,631 Balance sheet total 2026: € 3,541,631 ▼ 5% vs 2025 (€ 3,715,174) Unchanged	▼ 5%

Key figures of SERMADO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.

What happened to SERMADO?

What happened at SERMADO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Sandra Serry stepped down as director. NBB
2028 Bart Serry stepped down as director. NBB
2028 Marc Serry stepped down as director. NBB
Oct 7, 2026 New annual accounts for financial year 2026: loss of € 121,281. Source: NBB ↗
2024 Marc Serry became a director. NBB
2023 Sandra Serry became a director. NBB
2023 Bart Serry became a director. NBB
Apr 29, 1994 New establishment in Tielt. KBO

In short

From € 122,703 loss in 2023 to € 121,281 loss in 2026.

Paid € 8,101 in corporate taxes since 2023.

Paid out € 125,025 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2026 annual accounts

Sandra Serry

Director

since 2023 · until 2028

Bart Serry

Director

Also active at: Serry Invest

since 2023 · until 2028

Marc Serry

Director

since 2024 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

Wakkensesteenweg 30

8700 Tielt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

Serry Invest same network

€ -51,717 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0446.587.307

VAT number

BE 0446.587.307

Registered office

Wakkensesteenweg 30, 8700 Tielt

Names & denominations

SERMADO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

7 February 1992

Peppol

Active · Active since 24 Nov 2023

Activities · NACE

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

SERMADO

Warning lights

Financials

What happened to SERMADO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions