Bart Seminck
ActiveSummary
Bart Seminck has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,889 and a net result of €19,448. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+30
Solvency86▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.25 against 2.58 in 2024; short-term debt: 39.4% and cash: 24.5% of total assets), and 39.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.6%
Return on assets
21.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
4 d early
2023
7 d early
2022
7 d early
2021
6 d early
2020
59 d late
2019
86 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,889▲ 54.9%
2024 · €35,441
Total assets
€90,606▲ 68.1%
2024 · €53,894
Net result
€19,448
2024 · -€1,299
Working capital
€44,481▲ 82.8%
2024 · €24,332
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,900€27,791-€13,038€3,061€25,821▲ 744%
Net result-€5,937€19,047-€17,572-€1,299▲ 92.6%€19,448
Equity€35,266▼ 14.4%€54,313▲ 54.0%€36,740▼ 32.4%€35,441▼ 3.5%€54,889▲ 54.9%
Total assets€52,265▼ 18.3%€78,663▲ 50.5%€88,925▲ 13.0%€53,894▼ 39.4%€90,606▲ 68.1%
Debt€16,999▼ 25.2%€24,350▲ 43.2%€52,185▲ 114%€18,453▼ 64.6%€35,717▲ 93.6%
Working capital€23,383▼ 26.3%€41,268▲ 76.5%€25,273▼ 38.8%€24,332▼ 3.7%€44,481▲ 82.8%
Staff (FTE)0.9▼ 10.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 744% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90,606
Fixed assets
€10,408 ▼ 26.3%
Current assets
€80,198 ▲ 102%
Equity and liabilities €90,606
Equity
€54,889 ▲ 54.9%
Debt
€35,717 ▲ 93.6%
Debt's share of the balance-sheet total rises from 34.2% to 39.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,119▲
2024 · €7,255
Cash flow
€23,746▲
2024 · €2,895
Current ratio
2.25▼
2024 · 2.58
Debt to equity
0.65▲
2024 · 0.52
ROE
35.4%▲
2024 · -3.7%
ROA
21.5%▲
2024 · -2.4%
Interest coverage
52.60▲
2024 · 8.99
Debt ≤ 1 year
€35,717▲
2024 · €15,448
Income taxes
€5,800▲
2024 · €3,553
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €41,746 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,890 | €3,731 | €4,455 | €4,194 | €4,298 | ▲ 2.5% |
| Other operating charges640/8 | €1,393 | €831 | €883 | €984 | €934 | ▼ 5.1% |
| Gross operating margin9900 | €39,130 | €32,353 | -€7,701 | €8,239 | €31,052 | ▲ 277% |
| Operating profit (loss)9901 | -€5,900 | €27,791 | -€13,038 | €3,061 | €25,821 | ▲ 744% |
| Financial charges65/66B | €221 | €594 | €534 | €807 | €573 | ▼ 29.0% |
| Recurring financial charges65 | €221 | €594 | €534 | €807 | €573 | ▼ 29.0% |
| Profit (loss) for the period before taxes9903 | -€6,121 | €27,197 | -€13,572 | €2,254 | €25,248 | ▲ 1,020% |
| Income taxes67/77 | -€185 | €8,150 | €4,000 | €3,553 | €5,800 | ▲ 63.2% |
| Profit (loss) for the period9904 | -€5,937 | €19,047 | -€17,572 | -€1,299 | €19,448 | ▲ 1,597% |
| Profit (loss) for the period to be appropriated9905 | -€5,937 | €19,047 | -€17,572 | -€1,299 | €19,448 | ▲ 1,597% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,265 | €78,663 | €88,925 | €53,894 | €90,606 | ▲ 68.1% |
| Fixed assets21/28 | €11,882 | €20,772 | €16,854 | €14,114 | €10,408 | ▼ 26.3% |
| Tangible fixed assets22/27 | €11,840 | €20,729 | €16,812 | €14,071 | €10,366 | ▼ 26.3% |
| Land and buildings22 | €4,645 | €4,133 | €3,621 | €3,109 | €2,597 | ▼ 16.5% |
| Plant, machinery and equipment23 | €3,694 | €13,096 | €9,691 | €7,462 | €4,269 | ▼ 42.8% |
| Furniture and vehicles24 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Financial fixed assets28 | €43 | €43 | €43 | €43 | €43 | = |
| Current assets29/58 | €40,382 | €57,891 | €72,071 | €39,780 | €80,198 | ▲ 102% |
| Amounts receivable within one year40/41 | €19,380 | €31,935 | €43,515 | €24,635 | €42,266 | ▲ 71.6% |
| Trade receivables40 | €19,380 | €29,289 | €39,293 | €22,081 | €35,461 | ▲ 60.6% |
| Other amounts receivable41 | - | €2,646 | €4,222 | €2,553 | €6,804 | ▲ 166% |
| Cash at bank and in hand54/58 | €19,790 | €24,743 | €27,344 | €13,933 | €22,196 | ▲ 59.3% |
| Deferred charges and accrued income490/1 | €1,213 | €1,213 | €1,213 | €1,213 | €15,736 | ▲ 1,198% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,265 | €78,663 | €88,925 | €53,894 | €90,606 | ▲ 68.1% |
| Equity10/15 | €35,266 | €54,313 | €36,740 | €35,441 | €54,889 | ▲ 54.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,860 | €24,860 | €24,860 | €24,860 | €36,060 | ▲ 45.1% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €5,000 | €24,860 | €24,860 | €24,860 | €36,060 | ▲ 45.1% |
| Profit (loss) carried forward14 | €9,806 | €10,853 | -€6,720 | -€8,019 | €229 | ▲ 103% |
| Amounts payable17/49 | €16,999 | €24,350 | €52,185 | €18,453 | €35,717 | ▲ 93.6% |
| Amounts payable after more than one year17 | - | €7,727 | €5,387 | €3,005 | - | - |
| Financial debts170/4 | - | €7,727 | €5,387 | €3,005 | - | - |
| Amounts payable within one year42/48 | €16,999 | €16,623 | €46,798 | €15,448 | €35,717 | ▲ 131% |
| Current portion of amounts payable after more than one year42 | - | €2,303 | €2,303 | €2,303 | €2,884 | ▲ 25.2% |
| Trade debts44 | €8,424 | €3,985 | €35,039 | €9,091 | €20,593 | ▲ 127% |
| Suppliers440/4 | €8,424 | €3,985 | €35,039 | €9,091 | €20,593 | ▲ 127% |
| Taxes, remuneration and social security45 | €6,970 | €8,150 | €8,725 | €3,374 | €6,375 | ▲ 88.9% |
| Taxes450/3 | €2,501 | €8,150 | €8,150 | - | - | - |
| Remuneration and social security454/9 | €4,469 | - | €575 | €3,374 | €6,375 | ▲ 88.9% |
| Other amounts payable47/48 | €1,605 | €2,185 | €731 | €680 | €5,865 | ▲ 763% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,937 | €19,047 | -€17,572 | -€1,299 | €19,448 | ▲ 1,597% |
| + Depreciation and write-downs630 | €1,890 | €3,731 | €4,455 | €4,194 | €4,298 | ▲ 2.5% |
| Operating cash flow (approximation) | -€4,047 | €22,779 | -€13,118 | €2,895 | €23,746 | ▲ 720% |
| Investment in fixed assets (approximation) | - | -€12,621 | -€537 | -€1,454 | -€592 | ▲ 59.2% |
| Change in cash | - | €4,953 | €2,600 | -€13,410 | €8,262 | ▲ 162% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €19,448
Net result €19,448 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€17,572
Net result drops to -€17,572, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €19,047
Net result €19,047 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 59 days late
2020
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 86 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2009
Ground area
464 m²
Building footprint
185 m²
Volume, LiDAR
943 m³
Parcel 41029B0509/00V000, Flanders · tallest building 11.5 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bart Seminck
since 20092.177.153.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41029B0509/00V000 | Flanders | 464 m² | 1 · 185 m² | 11.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DECORIZEL INTERIEUR
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HUMA INTERIEUR
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T & M DECOR
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 2,323 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Contact
Website
www.deschilders.be
E-mail
bart@deschilders.be
Scores and ratios are computed by Checked and are not a credit decision.