SENIOR'S SERENITY

Active

Public limited companyfounded 201313 yrs activeGustave Demanetstraat 77, 1020 Brussel, BelgiumKBO/BCE: BE 0536.425.440

SENIOR'S SERENITY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-1.21M) and a net result of €-1.14M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 691 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

32 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency0▼-23

Growth32=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.67 against 1.21 in 2023; short-term debt: 92.3% and cash: 18.9% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 87

Relative position

BE, all sectors

reference

Sector 87

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-46.6%

Return on assets

-44%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-1.21M

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

119 d late

2023

415 d late

2022

31 d late

2021

30 d late

2020

31 d early

2019

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-1.14M▼ 27.0%

2023 · €-897k

2018: €270k 2019: €495k 2020: €392k 2021: €-63k 2022: €-820k 2023: €-897k

2018 → 2024

Working capital

€-795k

2023 · €333k

2018: €726k 2019: €1.24M 2020: €1.66M 2021: €1.31M 2022: €-95k 2023: €333k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€1.71M-€1.65M▼ 3.7%€831k▼ 49.7%€-66k€-1.21M▼ 1,718%

Operating result€509k-€-181k€-838k▼ 363%€-852k▼ 1.6%€-1.05M▼ 23.1%

Net result€392k-€-63k€-820k▼ 1,204%€-897k▼ 9.4%€-1.14M▼ 27.0%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1.05M in 2024 against €852k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.59M

38.4%

61.6%

Fixed assets €994k▼ 6.8%

Current assets €1.59M▼ 16.8%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-787k▼

2023 · €-633k

Cash flow

€-878k▼

2023 · €-679k

Solvency

-46.6%▼

2023 · -2.2%

Current ratio

0.67▼

2023 · 1.21

Quick ratio

0.66▼

2023 · 1.20

Debt / equity

-3.03▲

2023 · -43.81

ROA

-44.0%▼

2023 · -30.1%

Interest coverage

-7.77▲

2023 · -13.58

Debt

€3.65M▲

2023 · €2.91M

Debt ≤ 1 year

€2.39M▲

2023 · €1.58M

Debt > 1 year

€1.18M▼

2023 · €1.23M

Income taxes

€241▲

2023 · €106

Staff costs

€4.08M▲

2023 · €3.66M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€2.98M€2.59M▼

Fixed assets21/28€1.07M€994k▼

Intangible fixed assets21€31k€26k▼

Tangible fixed assets22/27€1.03M€968k▼

Plant, machinery and equipment23€404k€454k▲

Furniture and vehicles24€627k€503k▼

Other tangible fixed assets26€4k€11k▲

Current assets29/58€1.92M€1.59M▼

Stocks and contracts in progress3€17k€17k▲

Stocks30/36€17k€17k▲

Amounts receivable within one year40/41€1.37M€1.07M▼

Trade receivables40€1.37M€903k▼

Other amounts receivable41€3k€171k▲

Cash at bank and in hand54/58€218k€489k▲

Deferred charges and accrued income490/1€309k€14k▼

Equity and liabilities

Total equity and liabilities10/49€2.98M€2.59M▼

Equity10/15€-66k€-1.21M▼

Contributions10/11€150k€150k=

Capital10€150k€150k=

Issued capital100€150k€150k=

Reserves13€15k€15k=

Non-distributable reserves130/1€15k€15k=

Legal reserve130€15k€15k=

Profit (loss) carried forward14€-231k€-1.37M▼

Provisions and deferred taxes16€143k€143k=

Provisions for liabilities and charges160/5€143k€143k=

Other liabilities and charges164/5€143k€143k=

Amounts payable17/49€2.91M€3.65M▲

Amounts payable after more than one year17€1.23M€1.18M▼

Financial debts170/4€1.23M-

Other amounts payable178/9-€1.18M

Amounts payable within one year42/48€1.58M€2.39M▲

Trade debts44€958k€1.48M▲

Suppliers440/4€958k€1.48M▲

Advances received on contracts in progress46€2k€2k▲

Taxes, remuneration and social security45€617k€906k▲

Taxes450/3€31k€88k▲

Remuneration and social security454/9€587k€817k▲

Other amounts payable47/48€5k€6k▲

Accrued charges and deferred income492/3€96k€78k▼

Income statement Code20232024

Remuneration, social security and pensions62€3.66M€4.08M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€218k€261k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€19k€365▼

Provisions for liabilities and charges: additions (uses and reversals)635/8€143k-

Other operating charges640/8€118k€95k▼

Non-recurring operating charges66A€64k€33k▼

Gross operating margin9900€3.37M€3.42M▲

Operating profit (loss)9901€-852k€-1.05M▼

Financial income75/76B€2k€11k▲

Recurring financial income75€21€25▲

Non-recurring financial income76B€2k€11k▲

Financial charges65/66B€47k€101k▲

Recurring financial charges65€47k€101k▲

Profit (loss) for the period before taxes9903€-897k€-1.14M▼

Income taxes67/77€106€241▲

Profit (loss) for the period9904€-897k€-1.14M▼

Transfer from tax-exempt reserves789€107k-

Profit (loss) for the period to be appropriated9905€-790k€-1.14M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-231k€-1.37M▼

Profit (loss) brought forward from the previous period14P€559k€-231k▼

Social balance

Average headcount (FTE)908756.662.1▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

27-11

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 119 days late

19-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 415 days late

2024

31-12

Financial Weakest financial yearnet €-1.14M

Net result drops to €-1.14M, the lowest in the series.

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 30 days late

2021

30-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 31 days late

2019

31-12

Financial Highest result since 2018net €495k ▲83.4%

Operating result €672k, net result €495k, both a record.

31-12

Financial Equity above €1MEq €1.32M ▲59.8%

2 profitable years in a row build equity to €1.32M.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

05-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

16-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

05-08-2024 BAUGAS Eric: Resigned as Director

04-06-2023 Caroline STAUMONT: Resigned as Director

04-06-2023 Caroline STAUMONT: Resigned as Managing director

01-02-2023 Isabelle SAINT GUILAIN: Resigned as Director

01-02-2023 Isabelle SAINT GUILAIN: Resigned as Managing director

01-05-2021 Charles Jacobs: Resigned as Director

30-04-2021 E & M SA: Resigned as Director

30-04-2021 Eric Jacobs: Resigned as Director

Location & real-estate footprint

Registered office, Brussel · 1 establishment unit since 2015

establishment The establishment unit on the map

Cannot be placed on the map