ACTIVE

SERTEC

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Financial year 2024 · closed on 31/12/2024

Net result

-67,5 k €

-118.3% YoY

Gross margin

716,4 k €

-5.2% YoY

Equity

338,9 k €

-16.6% YoY

Workforce

8,5 ETP

-7.6% YoY

What does SERTEC do?

SERTEC is a Public limited company incorporated in 1989. Its main activity is: Technical testing and analysis. Its registered office is in Geel. It employs on average 8,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.262.826

Incorporation

29/08/1989

Legal form

Public limited company

Registered office

Acaciastraat 18 box B
2440 Geel · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

8,5 ETP

Activities (NACE)

71209Technical testing and analysis· main 71209Technical testing and analysis

Joint committees (4)

149
14901
200
218

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	716,4 k €	-5.2%	755,7 k €	-20.7%	952,9 k €	+5.1%	906,5 k €	+16.9%	775,3 k €	+64.2%	472,1 k €	+28.2%	368,4 k €	-25.9%	497,4 k €	+21.3%	410,1 k €	-35.4%	635,1 k €	-10.4%	709 k €	+2.7%	690,2 k €	-20.6%	869,8 k €	-16.8%	1 M €	-18.6%	1,3 M €	-13.5%	1,5 M €	+7.7%	1,4 M €	+20.9%	1,1 M €	-13.0%	1,3 M €
EBITDA	8,2 k €	-72.9%	30,1 k €	-77.6%	134,1 k €	-49.9%	267,8 k €	+89.2%	141,6 k €	+94.1%	72,9 k €	+1629%	-4,8 k €	-110%	48,9 k €	+1850%	-2,8 k €	-110%	28,9 k €	-59.0%	70,5 k €	+30.0%	54,2 k €	-62.8%	145,6 k €	+0.6%	144,7 k €	-34.6%	221,3 k €	+28.6%	172,1 k €	+33.9%	128,5 k €	+55.7%	82,5 k €	+79.3%	46 k €
Operating result	-42,2 k €	-75.1%	-24,1 k €	-135%	69,4 k €	-25.8%	93,6 k €	-20.2%	117,2 k €	+106%	56,8 k €	+307%	-27,4 k €	-2840%	-932,7 €	+98.3%	-55 k €	-167%	-20,6 k €	-180%	25,8 k €	+190%	8,9 k €	-90.8%	96,6 k €	-10.5%	107,9 k €	-40.9%	182,4 k €	+35.1%	135,1 k €	+32.3%	102,1 k €	+85.9%	54,9 k €	+211%	17,6 k €
Net result	-67,5 k €	-118%	-30,9 k €	-174%	41,6 k €	-29.1%	58,6 k €	-21.2%	74,4 k €	+66.3%	44,7 k €	+222%	-36,6 k €	-646%	-4,9 k €	+91.5%	-57,7 k €	-133%	-24,8 k €	-298%	12,5 k €	+4151%	-308,8 €	-101%	58,8 k €	-14.0%	68,4 k €	-42.3%	118,6 k €	+87.8%	63,1 k €	+296%	16 k €	+2.0%	15,6 k €	-69.9%	52 k €
Balance sheet
Equity	338,9 k €	-16.6%	406,4 k €	-7.1%	437,3 k €	+11.7%	391,5 k €	+17.6%	332,9 k €	+28.8%	258,5 k €	+20.9%	213,7 k €	-14.6%	250,4 k €	-1.9%	255,3 k €	-18.4%	313 k €	-7.3%	337,8 k €	+0.7%	335,3 k €	-25.8%	451,6 k €	+4.3%	432,8 k €	+7.0%	404,5 k €	+20.4%	335,9 k €	-0.6%	337,7 k €	+5.0%	321,8 k €	+5.1%	306,1 k €
Total assets	472,3 k €	-39.3%	778,6 k €	-29.1%	1,1 M €	+20.9%	908,1 k €	+1.3%	896 k €	+28.3%	698,1 k €	+9.8%	635,6 k €	+7.2%	592,9 k €	+2.6%	577,8 k €	-18.7%	710,5 k €	-9.9%	788,9 k €	+10.9%	711,3 k €	-19.0%	877,7 k €	-15.7%	1 M €	-4.4%	1,1 M €	-6.2%	1,2 M €	+33.1%	872 k €	-18.1%	1,1 M €	+2.6%	1 M €
Cash	74,5 k €	-72.6%	272,1 k €	-22.7%	352 k €	+2.6%	343 k €	+20.5%	284,6 k €	+559%	43,2 k €	+3.0%	41,9 k €	-68.0%	130,8 k €	+55.8%	83,9 k €	-45.8%	154,8 k €	-36.3%	243 k €	+10.3%	220,3 k €	-1.3%	223,2 k €	-24.8%	296,7 k €	+38.7%	213,9 k €	+22.4%	174,8 k €	+537%	27,4 k €	-85.4%	187,4 k €	+0.1%	187,3 k €
Debts	133,3 k €	-64.1%	371,6 k €	-37.3%	592,9 k €	+32.1%	448,7 k €	-9.4%	495,3 k €	+33.2%	371,8 k €	+5.0%	354 k €	+28.9%	274,6 k €	+28.5%	213,7 k €	-25.4%	286,6 k €	-15.8%	340,2 k €	+28.3%	265,1 k €	-15.9%	315,2 k €	-36.7%	497,7 k €	-9.4%	549,5 k €	-23.8%	720,7 k €	+50.4%	479,3 k €	-34.0%	726,1 k €	+4.0%	698,3 k €
Other
Workforce	8,5 ETP	-7.6%	9,2 ETP	-24.6%	12,2 ETP		–		–		–		–		–		–		10,1 ETP	-14.4%	11,8 ETP	+0.9%	11,7 ETP	-10.7%	13,1 ETP	-31.1%	19,0 ETP	+1.1%	18,8 ETP	-17.2%	22,7 ETP	-7.0%	24,4 ETP	+11.9%	21,8 ETP	-8.8%	23,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 15 ended

Active mandates

Cynthia Wu

Andere functie · since 29 août 2023

Active

Ended mandates

Cynthia Wu

Managing director · since 29 août 2023

Ended

Jurgen Claes

Director · since 06 mai 2008 · until 06 mai 2014

Ended

Lodewijck Claes

Managing director · since 06 mai 2008 · until 06 mai 2014

Ended

Felix Claes

Director · since 02 septembre 2002 · until 06 mai 2008

Ended

At this address

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/05/2025	29/08/2024	31/08/2023	29/09/2022	31/08/2021	26/10/2020
General meeting	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021	30/06/2020
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
Abridged model	31/12/2024	05/05/2025	27/05/2025	Dutch	PDF
Abridged model	31/12/2023	06/05/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	02/05/2022	29/09/2022	Dutch	PDF
Micro model	31/12/2020	03/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	26/10/2020	Dutch	PDF
Micro model	31/12/2018	26/08/2019	14/10/2019	Dutch	PDF
Micro model	31/12/2017	26/08/2018	27/08/2018	Dutch	PDF
Micro model	31/12/2016	26/08/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	26/08/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	26/08/2014	19/12/2014	Dutch	PDF
Abridged model	31/12/2012	26/08/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/10/2012	05/11/2012	Dutch	PDF
Abridged model	31/12/2010	16/08/2011	30/08/2011	Dutch	PDF
Abridged modelCorrection	31/12/2009	27/10/2010	07/01/2011	Dutch	PDF
Abridged model	31/12/2009	27/10/2010	16/11/2010	Dutch	PDF
Abridged model	31/12/2008	30/09/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	30/09/2008	09/10/2008	Dutch	PDF
Abridged model	31/12/2006	20/12/2007	05/03/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2024 · 1 active · 15 ended

Active mandates

Cynthia Wu

Andere functie · since 29 août 2023

Active

Ended mandates

Cynthia Wu

Managing director · since 29 août 2023

Ended

Jurgen Claes

Director · since 06 mai 2008 · until 06 mai 2014

Ended

Lodewijck Claes

Managing director · since 06 mai 2008 · until 06 mai 2014

Ended

Felix Claes

Director · since 02 septembre 2002 · until 06 mai 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office14/07/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2002
ONTSLAGEN - BENOEMINGEN
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

2024
Annual accounts 2024-67,5 k €↓
2023
Annual accounts 2023-30,9 k €↓
2022
Annual accounts 202241,6 k €↓
2021
Annual accounts 202158,6 k €↓
2020
Annual accounts 202074,4 k €↑
2019
Annual accounts 201944,7 k €↑
2018
Annual accounts 2018-36,6 k €↓
2017
Annual accounts 2017-4,9 k €↑
2016
Annual accounts 2016-57,7 k €↓
2015
Annual accounts 2015-24,8 k €↓
2014
Annual accounts 201412,5 k €↑
2013
Annual accounts 2013-308,8 €↓
2012
Annual accounts 201258,8 k €↓
2011
Annual accounts 201168,4 k €↓
2010
Annual accounts 2010118,6 k €↑
2009
Annual accounts 200963,1 k €↑
2008
Annual accounts 200816 k €↑
2007
Annual accounts 200715,6 k €↓
2006
Annual accounts 200652 k €
29/08/1989
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

SERTEC

Overview

What does SERTEC do?

Trend over 19 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