As part of the generation IV reactors (GENIV), the European lead-cooled fast reactor (ELFR) is one of the most promising candidates to be part of the European energy framework in the near future. Alike most of the GENIV systems, the ELFR is still under development and having reliable computational tools that allow fast and accurate results become an important task in the modeling and simulation levels. In this work, the Serpent code is assessed. Serpent is a continuous-energy Monte Carlo (MC) code suitable for reactor physic calculations and is used for the modeling of the ELFR system. The results were compared with the reference data that were obtained with the Monte Carlo continuous energy burnup code (MCB). In order to verify the ELFR Serpent model, several neutronic parameters were compared to the reference results: the effective neutron multiplication factor (keff), the Doppler constant (KD), the reactivity effect of the coolant density, the effective delayed neutron fraction (βeff), and the effective prompt neutron lifetime (Λ). In addition, the axial and radial power distributions were also obtained and verified. A good approximation between Serpent and MCB values was obtained.