The FSMA warns the Belgian public against the activities of the SE-RE-CO company in the area of mortgage credit.
The SE-RE-CO company is not a regulated entity and is thus not authorised to offer mortgage credit to Belgian consumers.
SE-RE-CO uses the trading name “SERECO” and is established in Belgium at Deken Jonckheerestraat 2, box 202, 8560 Wevelgem. Its website is https://bm-sereco.be. Its primary activity is in the sector of real estate development.
According to the information available to the FSMA, SERECO appears, at first glance, to offer mortgage credit to Belgian consumers.
However, SERECO is not authorised to carry out such activities within Belgium.
As a result, SERECO may not engage in any advertising and may not present, offer, prepare or conclude credit contracts. The documentation provided by SERECO may consist exclusively of non-personalized documentation drawn up by a lender or a credit intermediary and under the latters’ responsibility. SERECO may also not encourage clients to use its services to obtain more detailed explanations of the said documentation.
Thus, SERECO must limit its activities solely to directing potential clients to a credit intermediary or a lender. Any activity beyond those limits requires registration with the FSMA.
The FSMA therefore advises consumers to exercise vigilance and refuse any offer of mortgage credit made directly by SERECO.
If you have any doubts regarding a provider of financial services or products, feel free to consult the FSMA’s registers using the search function made available on its website.