ACTIVE

SERMED

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Financial year 2025 · closed on 31/12/2025

Net result

-25,8 k €

+58.6% YoY

Gross margin

18,2 k €

+36.3% YoY

Equity

-69,7 k €

-59.0% YoY

What does SERMED do?

SERMED is a Private limited company incorporated in 2005. Its main activity is: Pre-primary education. Its registered office is in Wavre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.494.176

Incorporation

27/09/2005

Legal form

Private limited company

Registered office

Avenue de Nivelles 9
1300 Wavre · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

85120Pre-primary education· main 86210General medical practice activities 86210General medical practice activities

Joint committees (2)

30502
330

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	18,2 k €	+36.3%	13,3 k €	-89.8%	130,7 k €	-25.0%	174,3 k €	+23.1%	141,6 k €	+58.6%	89,3 k €	-35.1%	137,5 k €	-29.6%	195,3 k €	+45.4%	134,3 k €	+3.9%	129,3 k €	+87.7%	68,9 k €	-46.9%	129,8 k €	+141%	53,8 k €	-35.0%	82,7 k €	+23.8%	66,8 k €	+39.3%	47,9 k €	-12.9%	55 k €	+50.7%	36,5 k €	+9.7%	33,3 k €	+1.9%	32,6 k €
EBITDA	-8,4 k €	+80.7%	-43,3 k €	-151%	85,1 k €	-33.8%	128,5 k €	+57.1%	81,8 k €	+69.7%	48,2 k €	-50.9%	98,3 k €	-38.4%	159,7 k €	+62.0%	98,5 k €	+1.7%	96,9 k €	+163%	36,9 k €	-62.6%	98,7 k €	+333%	22,8 k €	-55.3%	51 k €	+27.8%	39,9 k €	+42.6%	28 k €	-34.5%	42,7 k €	+73.5%	24,6 k €	+5.9%	23,2 k €	-24.2%	30,6 k €
Operating result	-24,8 k €	+59.2%	-60,9 k €	-203%	59 k €	-42.4%	102,4 k €	+80.8%	56,6 k €	+93.6%	29,2 k €	-66.9%	88,3 k €	-37.4%	141,2 k €	+80.1%	78,4 k €	+2.0%	76,8 k €	+201%	25,6 k €	-71.5%	89,8 k €	+921%	8,8 k €	-53.4%	18,9 k €	+105%	9,2 k €	+296%	-4,7 k €	-136%	13,1 k €	+1653%	745,9 €	-13.6%	863 €	-90.1%	8,7 k €
Net result	-25,8 k €	+58.6%	-62,4 k €	-248%	42,1 k €	-44.1%	75,3 k €	+81.3%	41,5 k €	+94.3%	21,4 k €	-68.6%	68,1 k €	-31.1%	98,8 k €	+95.2%	50,6 k €	+3.5%	48,9 k €	+173%	17,9 k €	-70.1%	59,9 k €	+1786%	3,2 k €	-68.9%	10,2 k €	+239%	3 k €	+144%	-6,8 k €	-188%	7,7 k €	+3209%	232,9 €	-23.4%	304,1 €	-94.8%	5,9 k €
Balance sheet
Equity	-69,7 k €	-59.0%	-43,8 k €	-336%	18,6 k €	-9.1%	20,5 k €	-67.0%	62 k €	+203%	20,5 k €	-90.0%	204,8 k €	+49.8%	136,7 k €	-0.9%	137,9 k €	+58.0%	87,3 k €	+127%	38,4 k €	-62.4%	102,2 k €	+141%	42,3 k €	+8.1%	39,1 k €	+35.3%	28,9 k €	+11.6%	25,9 k €	-20.8%	32,7 k €	+30.8%	25 k €	+0.9%	24,8 k €	+1.2%	24,5 k €
Total assets	87,9 k €	-20.5%	110,5 k €	-68.5%	350,7 k €	-4.6%	367,4 k €	+12.2%	327,4 k €	-11.7%	370,7 k €	+24.1%	298,6 k €	+8.8%	274,4 k €	+28.2%	214 k €	+38.7%	154,3 k €	+38.1%	111,7 k €	-54.7%	246,8 k €	+70.2%	144,9 k €	+3.1%	140,6 k €	+6.9%	131,5 k €	-14.7%	154,1 k €	-3.5%	159,6 k €	+6.1%	150,4 k €	+23.5%	121,8 k €	-20.1%	152,6 k €
Cash	18 k €	+474%	3,1 k €	-98.9%	283,7 k €	+2.0%	278,1 k €	+124%	124,4 k €	-36.9%	197,3 k €	+1.0%	195,4 k €	+6.6%	183,2 k €	+22.3%	149,7 k €	+88.0%	79,6 k €	+1350%	5,5 k €	-96.7%	164,4 k €	+63.9%	100,3 k €	+22.7%	81,8 k €	+56.5%	52,2 k €	+34.3%	38,9 k €	-18.4%	47,7 k €	+48.1%	32,2 k €	+439%	6 k €	-72.4%	21,6 k €
Debts	157,5 k €	+2.1%	154,3 k €	-53.1%	329,2 k €	-4.9%	346 k €	+30.6%	265 k €	-24.3%	349,9 k €	+273%	93,8 k €	-31.6%	137,1 k €	+80.1%	76,1 k €	+13.5%	67 k €	-7.8%	72,7 k €	-49.7%	144,5 k €	+42.3%	101,6 k €	+0.4%	101,2 k €	-0.4%	101,6 k €	-20.1%	127,3 k €	+0.3%	126,9 k €	+1.8%	124,6 k €	+28.3%	97,1 k €	-23.8%	127,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	+60.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	+400%	0,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Serge Louis MERTENS DE WILMARS

Director

Active

Ended mandates

Serge MERTENS DE WILMARS

Manager · since 27 septembre 2005

Ended

Serge Louis MERTENS DE WILMARS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	30/06/2026	30/06/2025	18/09/2024	27/09/2023	09/08/2022	26/10/2021
General meeting	25/06/2026	27/06/2025	13/09/2024	25/09/2023	20/05/2022	21/05/2021
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
Micro model	31/12/2025	25/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	27/06/2025	30/06/2025	French	PDF
Micro model	31/12/2023	13/09/2024	18/09/2024	French	PDF
Micro model	31/12/2022	25/09/2023	27/09/2023	French	PDF
Micro model	31/12/2021	20/05/2022	09/08/2022	French	PDF
Micro model	31/12/2020	21/05/2021	26/10/2021	French	PDF
Micro model	31/12/2019	15/05/2020	12/10/2020	French	PDF
Micro model	31/12/2018	17/05/2019	09/08/2019	French	PDF
Micro model	31/12/2017	18/05/2018	21/09/2018	French	PDF
Micro model	31/12/2016	19/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	10/06/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	10/07/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	25/07/2007	French	PDF

Estimate

Indicative valuation

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 · 1 active · 2 ended

Active mandates

Serge Louis MERTENS DE WILMARS

Director

Active

Ended mandates

Serge MERTENS DE WILMARS

Manager · since 27 septembre 2005

Ended

Serge Louis MERTENS DE WILMARS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
PDF
Other14/10/2005
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-25,8 k €↑
2024
Annual accounts 2024-62,4 k €↓
2023
Annual accounts 202342,1 k €↓
2022
Annual accounts 202275,3 k €↑
2021
Annual accounts 202141,5 k €↑
2020
Annual accounts 202021,4 k €↓
2019
Annual accounts 201968,1 k €↓
2018
Annual accounts 201898,8 k €↑
2017
Annual accounts 201750,6 k €↑
2016
Annual accounts 201648,9 k €↑
2015
Annual accounts 201517,9 k €↓
2014
Annual accounts 201459,9 k €↑
2013
Annual accounts 20133,2 k €↓
2012
Annual accounts 201210,2 k €↑
2011
Annual accounts 20113 k €↑
2010
Annual accounts 2010-6,8 k €↓
2009
Annual accounts 20097,7 k €↑
2008
Annual accounts 2008232,9 €↓
2007
Annual accounts 2007304,1 €↓
2006
Annual accounts 20065,9 k €
27/09/2005
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

SERMED

Overview

What does SERMED do?

Trend over 20 financial years

Board of directors

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