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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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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SERCO BELGIUM from Oudergem, company number BE0464923671, closed financial year 2025 with a result of € 318,132 after tax. For that financial year SERCO BELGIUM recorded revenue of € 25.7 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 557,076 to € 318,132. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 2.5 million
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 318,132
▼ 43% vs 2024
Profit after tax over the fiscal year.
€ 5,562
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2 million.
People and assets in 2025
159.2
▲ 10.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 16.9 million
▲ 21% vs 2024
€ 106,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 217,915
Loans from banks and other lenders, long and short.
€ 1.7 million
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 31 days on average.
€ 1.5 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 21,828,804 | € 21,299,865 | € 23,481,202 | € 25,719,259 | ▲ 10% |
| Profit after taxes | € 127,788 | € -1,641,880 | € 557,076 | € 318,132 | ▼ 43% |
| Equity | € 3,293,309 | € 1,651,429 | € 2,208,505 | € 2,526,637 | ▲ 14% |
| Total debts | € 4,870,351 | € 4,720,346 | € 5,757,046 | € 6,309,939 | ▲ 10% |
| Cash | € 590,064 | € 454,235 | € 0 | € 5,562 | |
| Retained profit | € 2,753,309 | € 1,111,429 | € 1,668,505 | € 1,986,637 | ▲ 19% |
| Bank debt | € 0 | € 0 | € 0 | € 217,915 | |
| Balance sheet total | € 8,163,660 | € 6,371,775 | € 7,965,551 | € 8,836,576 | ▲ 11% |
| Employees (FTE) | 153.6 | 145.2 | 148.4 | 159.2 | ▲ 10.8 |
Key figures of SERCO BELGIUM, 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 SERCO BELGIUM?
What happened at SERCO BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel Magonette stepped down as director. NBB
- Stéphane Verdoy stepped down as director. NBB
- Justinien Kubwayo stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 318,132 (▼ 43% vs 2024). Source: NBB ↗
- Michel Magonette became a director. NBB
- Stéphane Verdoy became a director. NBB
- Justinien Kubwayo became a director. NBB
- New establishment in Oudergem. KBO
In short
From € 127,788 profit in 2022 to € 318,132 profit in 2025.
Paid € 590,158 in corporate taxes since 2022.
Best year ever: 2024, with € 557,076 profit.
Pays suppliers within 31 days on average.
Management
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Stéphane Verdoy
Director
since 2024 · until 2031
Justinien Kubwayo
Managing director
since 2023 · until 2030
Establishments
Establishment units
Physical locations of this company
Waverse steenweg 1945
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →LUBRIZOL EUROPE COORDINATION CENTER
€ -6,383 gross margin · 2025
ATO consultants & managers
€ 3.9 million revenue · 2025
LUBRIZOL ADVANCED MATERIALS REALTY EUROPE
€ -5,007 gross margin · 2025
Eurofins GSC IT Product Management SA
€ 3.1 million gross margin · 2025
Serco Defence same network
€ 11.6 million revenue · 2025
+5 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
- 0464.923.671
- VAT number
- BE 0464.923.671
- Registered office
- Waverse steenweg 1945, 1160 Oudergem
- Names & denominations
- SERCO BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1998
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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