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Serneels Bikes

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Financial year 2025 · closed on 30/06/2025

Net result

361,6 k €

+8.7% YoY

Gross margin

1,3 M €

+5.4% YoY

Equity

2,1 M €

+20.3% YoY

Workforce

9,9 ETP

-4.8% YoY

What does Serneels Bikes do?

Serneels Bikes is a Private limited company incorporated in 2004. Its registered office is in Westerlo. It employs on average 9,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0869.953.210

Incorporation

12/11/2004

Legal form

Private limited company

Registered office

Olenseweg 125 box B
2260 Westerlo · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Average workforce

9,9 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	+5.4%	1,3 M €	+36.4%	930,2 k €	+64.3%	566,1 k €	-14.2%	659,8 k €	+38.0%	478,1 k €	+21.5%	393,5 k €	+0.4%	391,9 k €	+0.3%	390,8 k €	+36.0%	287,3 k €	-9.2%	316,4 k €	+46.5%	216 k €	+35.5%	159,4 k €	+3.9%	153,5 k €	+29.7%	118,4 k €	+18.2%	100,1 k €	+12.8%	88,8 k €	+16.5%	76,2 k €	+101%	37,9 k €
EBITDA	719,7 k €	+12.5%	639,7 k €	+12.5%	568,5 k €	+66.2%	342,1 k €	-30.1%	489,5 k €	+42.2%	344,1 k €	+44.0%	239 k €	-15.6%	283,3 k €	-1.1%	286,4 k €	+50.0%	190,9 k €	-15.0%	224,6 k €	+63.5%	137,3 k €	+68.6%	81,5 k €	+11.2%	73,3 k €	-0.7%	73,8 k €	+20.3%	61,3 k €	+15.0%	53,4 k €	+15.1%	46,4 k €	+27.1%	36,5 k €
Operating result	622,5 k €	+13.4%	548,8 k €	+13.3%	484,4 k €	+86.7%	259,4 k €	-36.0%	405,3 k €	+57.5%	257,3 k €	+68.2%	153 k €	-25.4%	205,1 k €	-5.8%	217,7 k €	+32.4%	164,4 k €	-14.2%	191,5 k €	+89.4%	101,1 k €	+120%	45,9 k €	+30.9%	35,1 k €	+4.7%	33,5 k €	+11.6%	30 k €	-16.3%	35,8 k €	+25.4%	28,6 k €	+34.9%	21,2 k €
Net result	361,6 k €	+8.7%	332,6 k €	+8.1%	307,8 k €	+85.0%	166,4 k €	-36.5%	262,1 k €	+97.9%	132,5 k €	+54.0%	86 k €	-24.1%	113,3 k €	-18.3%	138,7 k €	+47.5%	94,1 k €	-14.7%	110,3 k €	+81.4%	60,8 k €	+223%	18,8 k €	-0.3%	18,9 k €	+35.9%	13,9 k €	+1.4%	13,7 k €	-21.7%	17,5 k €	+18.7%	14,7 k €	+39.0%	10,6 k €
Balance sheet
Equity	2,1 M €	+20.3%	1,8 M €	+22.9%	1,5 M €	+26.9%	1,1 M €	+6.7%	1,1 M €	+32.4%	810,2 k €	+2.8%	788 k €	+23.3%	639,1 k €	+21.6%	525,7 k €	+35.8%	387 k €	+32.1%	293 k €	+60.4%	182,7 k €	+48.1%	123,3 k €	+33.5%	92,4 k €	+25.7%	73,5 k €	+23.3%	59,7 k €	+29.8%	46 k €	+61.5%	28,5 k €	+107%	13,7 k €
Total assets	6,1 M €	+4.3%	5,9 M €	+52.6%	3,9 M €	+62.0%	2,4 M €	-4.1%	2,5 M €	-8.9%	2,7 M €	+3.4%	2,6 M €	+15.4%	2,3 M €	+19.2%	1,9 M €	+109%	918,1 k €	-0.3%	921,3 k €	+10.3%	835,4 k €	+6.3%	785,9 k €	+19.7%	656,6 k €	-2.2%	671,2 k €	+25.8%	533,4 k €	+29.4%	412,3 k €	-8.3%	449,6 k €	+9.0%	412,6 k €
Cash	255,4 k €	-22.2%	328,1 k €	-40.7%	553,5 k €	+61.0%	343,8 k €	+18.9%	289,1 k €	+1.2%	285,5 k €	+232%	86,1 k €	-14.0%	100,1 k €	-37.7%	160,7 k €	-24.8%	213,6 k €	-16.7%	256,3 k €	+16.5%	219,9 k €	+104%	107,7 k €	+62.1%	66,5 k €	+7.5%	61,8 k €	+5.6%	58,5 k €	+49.9%	39 k €	-40.0%	65 k €	+53.6%	42,3 k €
Debts	4 M €	-3.6%	4,1 M €	+71.8%	2,4 M €	+94.5%	1,2 M €	-11.5%	1,4 M €	-27.4%	1,9 M €	+3.6%	1,8 M €	+15.4%	1,6 M €	+18.7%	1,3 M €	+178%	484,5 k €	-16.7%	581,9 k €	-7.2%	627,4 k €	-5.3%	662,6 k €	+17.9%	561,9 k €	-5.5%	594,5 k €	+25.8%	472,5 k €	+32.6%	356,2 k €	-15.4%	421 k €	+5.5%	398,9 k €
Other
Workforce	9,9 ETP	-4.8%	10,4 ETP	+112%	4,9 ETP	+8.9%	4,5 ETP	-4.3%	4,7 ETP	+42.4%	3,3 ETP	+10.0%	3,0 ETP	+3.4%	2,9 ETP	+26.1%	2,3 ETP	-17.9%	2,8 ETP	+16.7%	2,4 ETP	+20.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+66.7%	1,2 ETP	+20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active

Active mandates

KATIA KENES

Director · since 25 octobre 2004

Active

TOM SERNEELS

Managing director · since 25 octobre 2004

Active

At this address

Other companies at this address

Company	CBE no.
TOKAIDO● Active	0685.758.227

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/01/2026	24/01/2025	20/12/2023	14/12/2022	27/01/2022	22/12/2020
General meeting	10/01/2026	20/01/2025	02/12/2023	03/12/2022	20/01/2022	19/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	10/01/2026	23/01/2026	Dutch	PDF
Abridged model	30/06/2024	20/01/2025	24/01/2025	Dutch	PDF
Abridged model	30/06/2023	02/12/2023	20/12/2023	Dutch	PDF
Abridged model	30/06/2022	03/12/2022	14/12/2022	Dutch	PDF
Abridged model	30/06/2021	20/01/2022	27/01/2022	Dutch	PDF
Abridged model	30/06/2020	19/12/2020	22/12/2020	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	24/12/2019	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	17/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	20/12/2017	Dutch	PDF
Abridged model	30/06/2016	03/12/2016	13/12/2016	Dutch	PDF
Abridged model	30/06/2015	05/12/2015	11/12/2015	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	11/12/2014	Dutch	PDF
Abridged model	30/06/2013	07/12/2013	11/12/2013	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	20/12/2012	Dutch	PDF
Abridged model	30/06/2011	03/12/2011	15/12/2011	Dutch	PDF
Abridged model	30/06/2010	04/12/2010	21/12/2010	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	10/12/2009	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	09/12/2008	Dutch	PDF
Abridged model	30/06/2007	01/12/2007	20/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 2 active

Active mandates

KATIA KENES

Director · since 25 octobre 2004

Active

TOM SERNEELS

Managing director · since 25 octobre 2004

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2024
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/08/2017
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Registered office29/09/2006
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Other24/11/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025361,6 k €↑
2024
Annual accounts 2024332,6 k €↑
2024
Name changeSERNEELS BIKES
2023
Annual accounts 2023307,8 k €↑
2022
Annual accounts 2022166,4 k €↓
2022
Name changeMOTO'S TOM SERNEELS
2021
Annual accounts 2021262,1 k €↑
2020
Annual accounts 2020132,5 k €↑
2019
Annual accounts 201986 k €↓
2018
Annual accounts 2018113,3 k €↓
2017
Annual accounts 2017138,7 k €↑
2016
Annual accounts 201694,1 k €↓
2015
Annual accounts 2015110,3 k €↑
2014
Annual accounts 201460,8 k €↑
2013
Annual accounts 201318,8 k €↓
2012
Annual accounts 201218,9 k €↑
2011
Annual accounts 201113,9 k €↑
2010
Annual accounts 201013,7 k €↓
2009
Annual accounts 200917,5 k €↑
2008
Annual accounts 200814,7 k €↑
2007
Annual accounts 200710,6 k €
12/11/2004
IncorporationPrivate 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

Serneels Bikes

Overview

What does Serneels Bikes 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