ACTIVE

SERTIP

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Financial year 2025 · closed on 31/12/2025

Net result

79,7 k €

-61.8% YoY

Gross margin

1,5 M €

-4.4% YoY

Equity

979,2 k €

+8.9% YoY

Workforce

19,8 ETP

-5.7% YoY

What does SERTIP do?

SERTIP is a Public limited company incorporated in 2007. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Charleroi. It employs on average 19,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.316.676

Incorporation

25/06/2007

Legal form

Public limited company

Registered office

Zoning de Jumet,avenue Centrale SN
6040 Charleroi · Wallonie

Contributed capital

65 000,00 €

Latest accounts

31/12/2025

Average workforce

19,8 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620Machining 28520Manufacture of machinery and equipment n.e.c.43211Electrical installation+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	1,5 M €	-4.4%	1,6 M €	+37.0%	1,2 M €	+15.0%	1 M €	+39.1%	736 k €	-14.1%	856,8 k €	-31.0%	1,2 M €	-26.8%	1,7 M €	+39.4%	1,2 M €	+12.8%	1,1 M €	+26.0%	856,5 k €	+48.9%	575,3 k €	-15.4%	679,7 k €	-5.7%	720,6 k €	-21.6%	919 k €	+31.6%	698,6 k €	+10.5%	632 k €	-46.0%	1,2 M €
EBITDA	223 k €	-36.3%	350,2 k €	+1185%	27,3 k €	-59.7%	67,6 k €	+209%	-61,8 k €	-168%	90,4 k €	-73.4%	340,5 k €	-50.8%	692,5 k €	+201%	229,9 k €	+11.0%	207 k €	-29.4%	293,2 k €	+225%	90,3 k €	-5.7%	95,7 k €	-4.3%	100 k €	+102%	49,4 k €	-70.7%	168,3 k €	+91.9%	87,7 k €	-43.8%	156,1 k €
Operating result	146,1 k €	-49.2%	287,4 k €	+1167%	-26,9 k €	-191%	29,8 k €	+129%	-102,1 k €	-283%	55,7 k €	-80.7%	288,4 k €	-52.3%	604,8 k €	+354%	133,4 k €	+27.5%	104,6 k €	-48.5%	203,2 k €	+1196%	15,7 k €	-46.9%	29,5 k €	+1.3%	29,2 k €	+253%	-19,1 k €	-118%	103,5 k €	+1232%	7,8 k €	-84.5%	50,1 k €
Net result	79,7 k €	-61.8%	208,5 k €	+702%	-34,6 k €	-220%	28,8 k €	+128%	-103,6 k €	-362%	39,5 k €	-80.3%	200,6 k €	-49.5%	396,9 k €	+438%	73,8 k €	+37.2%	53,8 k €	-14.4%	62,9 k €	+1794%	-3,7 k €	-128%	13,4 k €	-38.1%	21,7 k €	+150%	-43,2 k €	-170%	62 k €	+3785%	-1,7 k €	-116%	10,3 k €
Balance sheet
Equity	979,2 k €	+8.9%	899,5 k €	+24.8%	721 k €	-4.6%	755,6 k €	+4.0%	726,8 k €	-12.5%	830,4 k €	+5.0%	790,9 k €	+27.5%	620,3 k €	+127%	273,4 k €	+37.0%	199,6 k €	+16.9%	170,8 k €	+58.3%	107,9 k €	-3.3%	111,6 k €	+13.7%	98,2 k €	+28.4%	76,5 k €	-40.3%	128,2 k €	+74.0%	73,7 k €	-2.2%	75,3 k €
Total assets	2,2 M €	+22.1%	1,8 M €	+14.0%	1,6 M €	+31.1%	1,2 M €	-3.0%	1,2 M €	-21.8%	1,6 M €	-16.3%	1,9 M €	+26.2%	1,5 M €	+9.5%	1,4 M €	+10.4%	1,2 M €	+12.4%	1,1 M €	+93.3%	570,6 k €	-11.2%	642,6 k €	-20.6%	809,2 k €	-21.0%	1 M €	+58.4%	646,2 k €	+9.8%	588,4 k €	-30.9%	852 k €
Cash	413,8 k €	+133%	177,4 k €	+107%	85,7 k €	-13.3%	98,9 k €	-49.4%	195,5 k €	-51.8%	405,7 k €	+13.8%	356,6 k €	-19.2%	441,5 k €	+229%	134,2 k €	+144%	55,1 k €	-73.4%	206,9 k €	+1613%	12,1 k €	-89.1%	111,3 k €	-60.0%	278 k €	+21.0%	229,8 k €	+5357%	4,2 k €	-82.0%	23,4 k €	-34.0%	35,4 k €
Debts	1,2 M €	+35.1%	894,1 k €	+4.9%	852,6 k €	+91.8%	444,6 k €	-12.9%	510,3 k €	+22.9%	415,2 k €	-42.0%	716,5 k €	-9.5%	791,3 k €	+20.9%	654,8 k €	-21.3%	832 k €	-4.4%	869,9 k €	+119%	396,4 k €	-12.5%	453,2 k €	-2.5%	465 k €	-27.6%	642,2 k €	+50.9%	425,7 k €	+9.8%	387,9 k €	-45.7%	714,5 k €
Other
Workforce	19,8 ETP	-5.7%	21,0 ETP	+7.1%	19,6 ETP	+2.1%	19,2 ETP	+14.3%	16,8 ETP	-5.6%	17,8 ETP	+2.3%	17,4 ETP	-12.6%	19,9 ETP	-3.9%	20,7 ETP	+8.4%	19,1 ETP	+55.3%	12,3 ETP	+1.7%	12,1 ETP	-6.2%	12,9 ETP	+2.4%	12,6 ETP	-7.4%	13,6 ETP	+13.3%	12,0 ETP	+5.3%	11,4 ETP	-22.4%	14,7 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 31/12/2025 · 1 active · 6 ended

Active mandates

JEAN-MARIE AHN

Managing director

Active

Ended mandates

JEAN-MARIE AHN

Managing director · since 26 mai 2021

Ended

JEAN MARIE AHN

Chairman of the board of directors

Ended

JEAN-MARIE AHN

Chairman of the board of directors

Ended

JEAN-MARIE AHN

Director

Ended

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	01/01/2025	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	23/06/2026	30/07/2025	27/05/2024	05/06/2023	27/07/2022	01/06/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/05/2026	23/06/2026	French	PDF
Abridged model	31/12/2024	20/05/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	21/05/2024	27/05/2024	French	PDF
Abridged model	31/12/2022	16/05/2023	05/06/2023	French	PDF
Abridged model	31/12/2021	17/05/2022	27/07/2022	French	PDF
Abridged model	31/12/2020	18/05/2021	01/06/2021	French	PDF
Abridged model	31/12/2019	19/05/2020	10/06/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	19/07/2018	French	PDF
Abridged model	31/12/2016	09/06/2017	10/06/2017	French	PDF
Abridged model	31/12/2015	29/03/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	31/03/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	25/03/2014	06/05/2014	French	PDF
Abridged model	31/12/2012	19/03/2013	11/04/2013	French	PDF
Abridged model	31/12/2011	15/05/2012	20/06/2012	French	PDF
Abridged model	31/12/2010	17/05/2011	30/06/2011	French	PDF
Abridged model	31/12/2009	18/05/2010	07/07/2010	French	PDF
Abridged model	31/12/2008	28/03/2009	06/04/2009	French	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 31/12/2025 · 1 active · 6 ended

Active mandates

JEAN-MARIE AHN

Managing director

Active

Ended mandates

JEAN-MARIE AHN

Managing director · since 26 mai 2021

Ended

JEAN MARIE AHN

Chairman of the board of directors

Ended

JEAN-MARIE AHN

Chairman of the board of directors

Ended

JEAN-MARIE AHN

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/06/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates09/08/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2015
DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates21/05/2013
DEMISSIONS, NOMINATIONS
PDF
Other04/07/2007
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 202579,7 k €↓
2024
Annual accounts 2024208,5 k €↑
2023
Annual accounts 2023-34,6 k €↓
2022
Annual accounts 202228,8 k €↑
2021
Annual accounts 2021-103,6 k €↓
2020
Annual accounts 202039,5 k €↓
2019
Annual accounts 2019200,6 k €↓
2018
Annual accounts 2018396,9 k €↑
2017
Annual accounts 201773,8 k €↑
2016
Annual accounts 201653,8 k €↓
2015
Annual accounts 201562,9 k €↑
2014
Annual accounts 2014-3,7 k €↓
2013
Annual accounts 201313,4 k €↓
2012
Annual accounts 201221,7 k €↑
2011
Annual accounts 2011-43,2 k €↓
2010
Annual accounts 201062 k €↑
2009
Annual accounts 2009-1,7 k €↓
2008
Annual accounts 200810,3 k €
25/06/2007
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

SERTIP

Overview

What does SERTIP do?

Trend over 18 financial years

Indicative valuation

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