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 2025 and 2026.
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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.
€ 2.1 million
▼ 5% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -121,281
▼ 2340 % more loss than in 2025
Profit after tax over the fiscal year.
€ 15,794
▼ 75% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.1 million.
People and assets in 2026
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2026
€ 1.2 million
▲ 18% vs 2025
€ 118,234 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 62,879
▲ € 57,755 vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 4,801
▼ 13% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 186,733 | € 225,559 | € 262,227 | € 158,562 | ▼ 40% |
| Profit after taxes | € -122,703 | € -142,867 | € -4,970 | € -121,281 | ▼ € 116,311 |
| Equity | € 2,522,417 | € 2,379,550 | € 2,249,554 | € 2,128,274 | ▼ 5% |
| Total debts | € 1,175,684 | € 1,386,929 | € 1,423,260 | € 1,373,810 | ▼ 3% |
| Cash | € 198,280 | € 12,443 | € 62,027 | € 15,794 | ▼ 75% |
| Land & buildings | € 3,415,884 | € 3,759,441 | € 3,545,469 | € 3,431,017 | ▼ 3% |
| Retained profit | € 2,460,417 | € 2,317,550 | € 2,187,554 | € 2,066,274 | ▼ 6% |
| Dividend | € 0 | € 0 | € 125,025 | € 0 | ▼ 100% |
| Bank debt | € 814,375 | € 1,099,812 | € 1,055,197 | € 1,240,670 | ▲ 18% |
| Balance sheet total | € 3,746,083 | € 3,811,649 | € 3,715,174 | € 3,541,631 | ▼ 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:
- Sandra Serry stepped down as director. NBB
- Bart Serry stepped down as director. NBB
- Marc Serry stepped down as director. NBB
- New annual accounts for financial year 2026: loss of € 121,281. Source: NBB ↗
- Marc Serry became a director. NBB
- Sandra Serry became a director. NBB
- Bart Serry became a director. NBB
- 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.
Management
Directors
According to the 2026 annual accounts
Sandra Serry
Director
since 2023 · until 2028
since 2023 · until 2028
Marc Serry
Director
since 2024 · until 2028
Establishments
Establishment units
Physical locations of this company
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 →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
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