ACTIVE

SERAX

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Financial year 2025 · closed on 31/12/2025

Net result

185,7 k €

+105.9% YoY

Revenue

42,2 M €

+9.9% YoY

Equity

7,7 M €

+0.1% YoY

Workforce

76,4 ETP

-4.7% YoY

What does SERAX do?

SERAX is a Public limited company incorporated in 1986. Its registered office is in Kontich. It employs on average 76,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.067.019

Incorporation

22/12/1986

Legal form

Public limited company

Registered office

Veldkant 21
2550 Kontich · FlandreSee on map

Contributed capital

159 546,00 €

Latest accounts

31/12/2025

Average workforce

76,4 ETP

Joint committees (4)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	42,2 M €	+9.9%	38,4 M €	-8.5%	42 M €	-5.5%	44,5 M €	+8.4%	41 M €	+33.7%	30,7 M €	+1.2%	30,3 M €	+8.3%	28 M €	+2.8%	27,2 M €	+17.5%	23,2 M €	+50.8%	15,4 M €	+20.6%	12,7 M €	+8.8%	11,7 M €	-42.0%	20,2 M €	+58.8%	12,7 M €	+5.7%	12 M €	-6.8%	12,9 M €
EBITDA	1,7 M €	+208%	-1,6 M €	+32.7%	-2,4 M €	-235%	1,8 M €	-67.0%	5,3 M €	+30.7%	4,1 M €	+57.8%	2,6 M €	+2.1%	2,5 M €	-46.7%	4,8 M €	+36.1%	3,5 M €	+60.8%	2,2 M €	+57.2%	1,4 M €	+68.3%	822,2 k €	-73.0%	3 M €	+19.3%	2,6 M €	+69.2%	1,5 M €	-29.0%	2,1 M €
Operating result	868,8 k €	+138%	-2,3 M €	+25.9%	-3,1 M €	-309%	1,5 M €	-70.6%	5 M €	+35.5%	3,7 M €	+72.5%	2,1 M €	+1.7%	2,1 M €	-52.3%	4,4 M €	+39.0%	3,1 M €	+94.0%	1,6 M €	+115%	753,5 k €	+594%	108,5 k €	-94.7%	2 M €	+13.6%	1,8 M €	+86.8%	958,4 k €	-46.2%	1,8 M €
Net result	185,7 k €	+106%	-3,2 M €	+17.6%	-3,8 M €	-578%	803,5 k €	-76.5%	3,4 M €	+39.6%	2,5 M €	+93.5%	1,3 M €	-7.1%	1,4 M €	-67.2%	4,2 M €	+97.6%	2,1 M €	+37.2%	1,5 M €	+51.9%	1 M €	+925%	98,6 k €	-94.7%	1,9 M €	-2.0%	1,9 M €	-13.6%	2,2 M €	+29.3%	1,7 M €
Balance sheet
Equity	7,7 M €	+0.1%	7,7 M €	-29.2%	10,8 M €	-26.2%	14,7 M €	+3.8%	14,1 M €	-1.7%	14,4 M €	+9.4%	13,1 M €	+0.2%	13,1 M €	-18.5%	16,1 M €	+33.8%	12 M €	-13.9%	14 M €	+11.6%	12,5 M €	+7.9%	11,6 M €	-0.0%	11,6 M €	+18.4%	9,8 M €	+23.1%	8 M €	+36.6%	5,8 M €
Total assets	26,4 M €	+7.7%	24,5 M €	-10.1%	27,2 M €	-14.1%	31,7 M €	+37.8%	23 M €	+6.5%	21,6 M €	+13.7%	19 M €	+2.6%	18,5 M €	-7.6%	20 M €	+29.6%	15,5 M €	-6.4%	16,5 M €	+22.1%	13,5 M €	+9.6%	12,3 M €	-2.8%	12,7 M €	+4.4%	12,2 M €	+11.6%	10,9 M €	+20.3%	9,1 M €
Cash	4,8 M €	+657%	633,2 k €	+123%	284,1 k €	+18.9%	239 k €	-92.9%	3,3 M €	-34.9%	5,1 M €	+47.7%	3,5 M €	+80.8%	1,9 M €	-33.0%	2,9 M €	-17.2%	3,5 M €	+80.3%	1,9 M €	+52.1%	1,3 M €	-0.9%	1,3 M €	-14.8%	1,5 M €	-31.0%	2,2 M €	+115%	1 M €	-48.9%	2 M €
Debts	17,8 M €	+9.6%	16,2 M €	+0.3%	16,2 M €	-4.8%	17 M €	+91.4%	8,9 M €	+22.9%	7,2 M €	+23.3%	5,9 M €	+8.7%	5,4 M €	+36.6%	3,9 M €	+15.1%	3,4 M €	+34.4%	2,5 M €	+152%	1 M €	+35.8%	744,2 k €	-31.7%	1,1 M €	-53.8%	2,4 M €	-19.6%	2,9 M €	-9.0%	3,2 M €
Other
Workforce	76,4 ETP	-4.7%	80,2 ETP	-2.7%	82,4 ETP	+2.9%	80,1 ETP	+36.5%	58,7 ETP	+2.8%	57,1 ETP	-1.9%	58,2 ETP	+2.8%	56,6 ETP	+21.5%	46,6 ETP	+9.4%	42,6 ETP	+24.6%	34,2 ETP	-2.8%	35,2 ETP	-9.5%	38,9 ETP	-0.3%	39,0 ETP	+8.3%	36,0 ETP	+11.8%	32,2 ETP	+18.4%	27,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

Director · since 28 avril 2023 · until 25 mai 2029 · 0701.967.323

Represented by AXEL VAN DEN BOSCHE

Active

Siena Invest

Director · since 28 avril 2023 · until 25 mai 2029 · 0681.569.114

Represented by FRANK BUYSSE

Active

Ended mandates

Director · since 30 juillet 2021 · 0701.967.323

Represented by AXEL VAN DEN BOSSCHE

Ended

AX BV

Director · since 30 juillet 2021 · 0831.943.066

Represented by AXEL VAN DEN BOSSCHE

Ended

Siena Invest

Director · since 04 octobre 2017 · until 26 mai 2023 · 0681.569.114

Represented by Johan Buyle

Ended

THE DECO DESIGN FACTORY NV

Managing director · since 04 octobre 2017 · until 26 mai 2023 · 0831.943.066

Represented by AXEL VAN DEN BOSSCHE

Ended

At this address

Other companies at this address

Company	CBE no.
SERAX GROEP● Active	0642.670.233

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	31/07/2025	30/07/2024	31/07/2023	31/07/2022	31/07/2021
General meeting	19/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	25/06/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	30/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	31/07/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	31/07/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	14/09/2018	15/10/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	31/07/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	30/07/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	31/07/2012	Dutch	PDF
Full model	30/06/2010	07/12/2010	29/04/2011	Dutch	PDF
Full model	30/06/2009	03/11/2009	10/12/2009	Dutch	PDF
Full model	30/06/2008	13/11/2008	30/01/2009	Dutch	PDF
Full model	30/06/2007	08/11/2007	31/01/2008	Dutch	PDF
Full model	30/06/2006	07/11/2006	18/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

Director · since 28 avril 2023 · until 25 mai 2029 · 0701.967.323

Represented by AXEL VAN DEN BOSCHE

Active

Siena Invest

Director · since 28 avril 2023 · until 25 mai 2029 · 0681.569.114

Represented by FRANK BUYSSE

Active

Ended mandates

Director · since 30 juillet 2021 · 0701.967.323

Represented by AXEL VAN DEN BOSSCHE

Ended

AX BV

Director · since 30 juillet 2021 · 0831.943.066

Represented by AXEL VAN DEN BOSSCHE

Ended

Siena Invest

Director · since 04 octobre 2017 · until 26 mai 2023 · 0681.569.114

Represented by Johan Buyle

Ended

THE DECO DESIGN FACTORY NV

Managing director · since 04 octobre 2017 · until 26 mai 2023 · 0831.943.066

Represented by AXEL VAN DEN BOSSCHE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other24/06/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other16/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other14/07/2020
DIVERSEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025185,7 k €↑
2024
Annual accounts 2024-3,2 M €↑
2023
Annual accounts 2023-3,8 M €↓
2022
Annual accounts 2022803,5 k €↓
2021
Annual accounts 20213,4 M €↑
2020
Annual accounts 20202,5 M €↑
2019
Annual accounts 20191,3 M €↓
2018
Annual accounts 20181,4 M €↓
2017
Annual accounts 20174,2 M €↑
2016
Annual accounts 20162,1 M €↑
2014
Annual accounts 20141,5 M €↑
2013
Annual accounts 20131 M €↑
2012
Annual accounts 201298,6 k €↓
2011
Annual accounts 20111,9 M €↓
2010
Annual accounts 20101,9 M €↓
2009
Annual accounts 20092,2 M €↑
2008
Annual accounts 20081,7 M €
22/12/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SERAX

Overview

What does SERAX do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline