The Belgium Financial Services and Markets Authority (FSMA) issued a warning to the Belgian public about the activities of SE-RE-CO, which appears to offer mortgage credit to Belgian consumers despite not being a regulated entity authorised to do so. SE-RE-CO, trading as “SERECO”, is established in Belgium at Deken Jonckheerestraat 2, box 202, 8560 Wevelgem and operates the website https://bm-sereco.be, with primary activity in real estate development. The FSMA stated that, as it is not authorised, SERECO may not advertise or present, offer, prepare or conclude credit contracts, and any documentation it provides must be limited to non-personalised materials drawn up under the responsibility of a lender or credit intermediary. It may only direct potential clients to a credit intermediary or lender, with any activity beyond that requiring registration with the FSMA; consumers were advised to be vigilant and refuse any mortgage credit offer made directly by SERECO.
Belgium Financial Services and Markets Authority 2026-01-21
Belgium Financial Services and Markets Authority warns consumers that SE-RE-CO is not authorised to offer mortgage credit in Belgium
The Belgium Financial Services and Markets Authority (FSMA) warned the public that SE-RE-CO, trading as "SERECO," is not authorised to offer mortgage credit in Belgium and should only direct clients to registered credit intermediaries or lenders. Consumers are advised to be cautious and reject any direct mortgage credit offers from SERECO.