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SERELEC

Active
Public limited companyfounded 1996active for 30 yearsGasmeterlaan 207, 9000 Gent, BelgiumKBO/BCE: BE 0458.516.723
Summary

SERELEC has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €2.6m and a net result of -€40,521. Equity is growing by about 6.8% per year across the filed financial years. Its solvency ranks better than 85% of 327 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
SERELECActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of other machinery and equipment
NACE 46649Wholesale of electrical equipment, including installation materials NACE 46643
1 site
Size
€3.1mtotal assets 2026
Staff
6.2 FTE
Equity
€2.6m
Loss
-€40,521
Financial health
95 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Ciem · 99.82%
Board
4 members
  • Ivan HalsbergheManaging director
2026 accounts 9 days early2 of 10 deeds summarised
Why 95raises riskLoss of €40,521 (financial year 2026)lowers riskFounded in 1996Liquidity: current ratio 5.05, cash €446,359Equity €2.6m (81.1% of total assets)Show the evidence

Checked score

Score 2026
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2025
Strong
Solvency 100+5
equity 81.1% of total assets
Liquidity 62+2
short-term debt 18.9% · cash 14.2%
Profitability 41-36
return on assets -1.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,871 companies, NACE 46, micro)
Last 24 months 11-2024: 0.1% 12-2024: < 0.1%▼ -0.1 percentage points vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025lowest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: 0.1%▲ +0.1 percentage points vs 10-2025highest value 12-2025: < 0.1%▼ -0.1 percentage points vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
Credit of up to €240,000 on 30-day terms is acceptable
Liquidity ample (current ratio 5.05, compared with 3.22 in 2025, above the usual 1.5; short-term debt: 18.9% and cash: 14.2% of total assets), and 18.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 90% on solvency, 68% on liquidity, 33% on profitability and 36% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1996
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 5.05, cash €446,359
NBB · annual accounts
lowers risk · Equity €2.6m (81.1% of total assets)
NBB · annual accounts
raises risk · Loss of €40,521 (financial year 2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-10-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
9 days early
2025
on the day
2024
1 day early
2023
29 days early
2022
6 days early
2021
3 days early
2020
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2026 · full…
  2. Appointments: Antoinette Pirelli (director) and Steven…Reappointments: Ivan Halsberghe (director) and…
  3. Weakest financial yearnet -€40,521

Key points

  • Caution: From profit to loss in 2026after €251,221 in 2025 -€40,521 View
  • Caution: Among the weakest 15% on net resultsector median €153,855 · 320 companies -€40,521 View
  • Board changedlatest change 20-10-2026 · 4 in office 2 joined · 1 left View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 8 years View
  • Controlled by Ciem 99.82% View

By topic

Financials

Financial year
2026
Total assets
€3.1m
Loss
-€40,521
Solvency
81.1%
Total assets▼ 14.7%
Net result
20192026
Go to Financials

Board & ownership

Board
4 members
Parent
Ciem · 99.82%
  • Antoinette PirelliDirector
  • Steven De BauwDirector
  • Christophe HalsbergheDirector
  • Ivan HalsbergheManaging director
Go to Board & ownership

Timeline

Events
35
Since
1998
Next accounts
by 31-10-2027
  1. 31-10-2025Annual accounts filed
  2. 30-10-2024Annual accounts filed
  3. 26-01-2024Amendment of the articles · Miscellaneous
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of other machinery and equipmentNACE 46649
Founded
17-07-1996
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Key facts about SERELEC

What is the company number of SERELEC?
0458.516.723. In Belgium the VAT number is the company number with BE in front: BE 0458.516.723.
Where is SERELEC based?
The registered office is at Gasmeterlaan 207, 9000 Gent.Company details
What does SERELEC do?
According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
What is the legal form of SERELEC?
Public limited company (NV).
When was SERELEC founded?
On 17-07-1996.
Is SERELEC still active?
Yes, SERELEC is an active enterprise in the KBO register.
How many employees does SERELEC have?
On average 6.2 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of SERELEC?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SERELEC profitable?
In financial year 2026, SERELEC made a loss of €40,521.
Where can I find the annual accounts of SERELEC?
SERELEC filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of SERELEC due?
By 31-10-2027, for financial year 2027.Timeline

Companies related to SERELEC

Parent and group

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