ACTIVE

Serco Defence

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Financial year 2024 · closed on 31/12/2024

Net result

-831,5 k €

-122.7% YoY

Revenue

12,3 M €

-10.5% YoY

Equity

5,8 M €

+2931.3% YoY

Workforce

29,2 ETP

-0.3% YoY

What does Serco Defence do?

Serco Defence is a Public limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Auderghem. It employs on average 29,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0644.626.564

Incorporation

17/12/2015

Legal form

Public limited company

Registered office

Chaussée de Wavre 1945
1160 Auderghem · BruxellesSee on map

Contributed capital

6 861 500,00 €

Latest accounts

31/12/2024

Average workforce

29,2 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 81100Combined facilities support activities

Joint committees (5)

100
121
12100
200
20000

Signals

Healthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2024		2023		2022		2021		2020		2018		2017		2016
Income statement
Revenue	12,3 M €	-10.5%	13,8 M €	+52.6%	9 M €	+52.8%	5,9 M €	+74.3%	3,4 M €	+935%	327,9 k €		–		–
EBITDA	-338,6 k €	-463%	93,2 k €	-88.9%	838,9 k €	+143%	-1,9 M €	-59.9%	-1,2 M €	-93.4%	-626,8 k €	-12228%	-5,1 k €		–
Operating result	-366,1 k €	-752%	56,1 k €	-93.1%	817,3 k €	+140%	-2 M €	-48.4%	-1,4 M €	-117%	-626,8 k €	-12228%	-5,1 k €		–
Net result	-831,5 k €	-123%	3,7 M €	+558%	557 k €	+126%	-2,1 M €	-53.3%	-1,4 M €	-121%	-628,8 k €	-11905%	-5,2 k €		–
Balance sheet
Equity	5,8 M €	+2931%	-203,6 k €	+94.7%	-3,9 M €	+12.6%	-4,4 M €	-92.7%	-2,3 M €	-301%	-572,5 k €	-1118%	56,3 k €	-8.5%	61,5 k €
Total assets	20,5 M €	+52.4%	13,4 M €	+43.1%	9,4 M €	-17.8%	11,4 M €	+864%	1,2 M €	+80.8%	655,2 k €	+1064%	56,3 k €	-8.5%	61,5 k €
Cash	305,7 k €	+1.2%	302,1 k €	+35.8%	222,4 k €	-63.1%	602,6 k €	+75.1%	344,1 k €	+291%	88,1 k €	+58.3%	55,6 k €	-9.5%	61,5 k €
Debts	13,5 M €	-1.1%	13,6 M €	+2.9%	13,3 M €	-15.9%	15,8 M €	+357%	3,4 M €	+181%	1,2 M €		–		–
Other
Workforce	29,2 ETP	-0.3%	29,3 ETP	-4.6%	30,7 ETP	+0.7%	30,5 ETP	+23.5%	24,7 ETP	+415%	4,8 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 13 ended

Active mandates

Michel Magonette

Director · since 05 août 2025 · until 05 août 2031

Active

Stéphane Verdoy

Managing director · since 31 octobre 2024 · until 30 juin 2030

Active

Ended mandates

Stéphane Verdoy

Managing director · since 04 novembre 2024 · until 18 mai 2031

Ended

Julie Veysset

Director · since 30 septembre 2022 · until 20 mai 2029

Ended

Julie Veysset

Director · since 30 septembre 2022 · until 25 mai 2029

Ended

Julie Veysset

Director · since 30 septembre 2022 · until 30 juin 2029

Ended

At this address

Other companies at this address

Company	CBE no.
ATO consultants & managers● Active	0436.356.973
Eurofins GSC IT Product Management SA● Active	0555.915.017
Eurofins GSC IT Solutions & Operations● Active	0794.347.945
LUBRIZOL ADVANCED MATERIALS REALTY EUROPE● Active	0456.841.789
LUBRIZOL EUROPE COORDINATION CENTER● Active	0433.612.368
NATEOS● Active	1029.374.391
SERCO BELGIUM● Active	0464.923.671
SM AT OSBORNE - TRACTEBEL - ENGINEERING● Active	0684.752.395

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	27/01/2026	22/05/2025	18/12/2024	06/02/2024	25/08/2023	14/10/2022
General meeting	22/01/2026	08/05/2025	16/12/2024	19/12/2023	01/03/2023	30/09/2022
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	22/01/2026	27/01/2026	French	PDF
Full modelCorrection	31/12/2023	08/05/2025	22/05/2025	French	PDF
Full model	31/12/2023	08/05/2025	12/05/2025	French	PDF
Full model	31/12/2022	16/12/2024	18/12/2024	French	PDF
Full model	31/12/2021	19/12/2023	06/02/2024	French	PDF
Full model	31/12/2020	01/03/2023	25/08/2023	French	PDF
Full model	31/12/2019	30/09/2022	14/10/2022	French	PDF
Full model	31/12/2018	16/09/2020	18/09/2020	French	PDF
Abridged modelCorrection	31/12/2017	21/06/2019	03/07/2019	French	PDF
Abridged model	31/12/2017	19/09/2018	21/09/2018	French	PDF
Abridged modelCorrection	31/12/2016	21/06/2019	03/07/2019	French	PDF
Abridged model	31/12/2016	19/09/2018	21/09/2018	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 13 ended

Active mandates

Michel Magonette

Director · since 05 août 2025 · until 05 août 2031

Active

Stéphane Verdoy

Managing director · since 31 octobre 2024 · until 30 juin 2030

Active

Ended mandates

Stéphane Verdoy

Managing director · since 04 novembre 2024 · until 18 mai 2031

Ended

Julie Veysset

Director · since 30 septembre 2022 · until 20 mai 2029

Ended

Julie Veysset

Director · since 30 septembre 2022 · until 25 mai 2029

Ended

Julie Veysset

Director · since 30 septembre 2022 · until 30 juin 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares12/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS
PDF
Mandates19/02/2024
DEMISSIONS, NOMINATIONS
PDF
Other22/06/2023
DIVERS
PDF
Mandates09/02/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office09/11/2021
SIEGE SOCIAL
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 2024-831,5 k €↓
2023
Annual accounts 20233,7 M €↑
2022
Annual accounts 2022557 k €↑
2021
Annual accounts 2021-2,1 M €↓
2020
Annual accounts 2020-1,4 M €↓
2018
Annual accounts 2018-628,8 k €↓
2017
Annual accounts 2017-5,2 k €
2016
Annual accounts 2016
17/12/2015
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

Serco Defence

Overview

What does Serco Defence do?

Trend over 8 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