Bart Seminck
ActiveFrom the official registers: KBO 17 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Bart Seminck has been active since 2009 and the Belgian Official 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 about 4.4% per year across the filed financial years. Its solvency ranks better than 66% of 34,855 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 15-01-2009 Normal situation
- Legal form
- Private limited company
- Registered office
- Steenweg op Aalst 91, 9308 Aalst
- Activity
- Painting of buildings NACE 43341
- Establishment unit
- 2.177.153.815 9308 Aalst, since 12-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 29-10-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €31,052
- ▲ 277%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €19,448
- Equity
- €54,889
- ▲ 54.9%
- Total assets
- €90,606
- ▲ 68.1%
Why 93raises riskSize: total assets €90,606Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 2.25, cash €22,196Founded in 2009Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 66% on solvency, 60% on liquidity, 82% on profitability and 84% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 17 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 28-07-2026
- Format
- micro format
- Reference
- 2026-00351338
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8.4 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,693 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 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 | €1,667 | €1,202 | €1,039 | €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 | €20,171 | €55,544 | €53,884 | €39,130 | €32,353 | -€7,701 | €8,239 | €31,052 | ▲ 277% |
| Operating profit (loss)9901 | €2,774 | €7,663 | €8,825 | -€5,900 | €27,791 | -€13,038 | €3,061 | €25,821 | ▲ 744% |
| Recurring financial income75 | - | - | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €221 | €594 | €534 | €807 | €573 | ▼ 29.0% |
| Recurring financial charges65 | €213 | €189 | €207 | €221 | €594 | €534 | €807 | €573 | ▼ 29.0% |
| Profit (loss) for the period before taxes9903 | €2,561 | €7,474 | €8,618 | -€6,121 | €27,197 | -€13,572 | €2,254 | €25,248 | ▲ 11× |
| Income taxes67/77 | €8 | €2,389 | €2,375 | -€185 | €8,150 | €4,000 | €3,553 | €5,800 | ▲ 63.2% |
| Profit (loss) for the period9904 | €2,553 | €5,085 | €6,243 | -€5,937 | €19,047 | -€17,572 | -€1,299 | €19,448 | - |
| Profit (loss) for the period to be appropriated9905 | €2,553 | €5,085 | €6,243 | -€5,937 | €19,047 | -€17,572 | -€1,299 | €19,448 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €61,737 | €47,671 | €63,938 | €52,265 | €78,663 | €88,925 | €53,894 | €90,606 | ▲ 68.1% |
| Fixed assets21/28 | €6,483 | €5,569 | €9,492 | €11,882 | €20,772 | €16,854 | €14,114 | €10,408 | ▼ 26.3% |
| Tangible fixed assets22/27 | €6,483 | €5,569 | €9,492 | €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 | €55,254 | €42,102 | €54,445 | €40,382 | €57,891 | €72,071 | €39,780 | €80,198 | ▲ 102% |
| Amounts receivable within one year40/41 | €11,694 | €25,842 | €35,360 | €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 | €29,365 | €15,048 | €17,873 | €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 | ▲ 13× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €61,737 | €47,671 | €63,938 | €52,265 | €78,663 | €88,925 | €53,894 | €90,606 | ▲ 68.1% |
| Equity10/15 | €29,874 | €34,959 | €41,202 | €35,266 | €54,313 | €36,740 | €35,441 | €54,889 | ▲ 54.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €6,860 | €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 | €9,414 | €14,499 | €15,742 | €9,806 | €10,853 | -€6,720 | -€8,019 | €229 | - |
| Amounts payable17/49 | €31,863 | €12,712 | €22,735 | €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 | €31,863 | €12,712 | €22,735 | €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 | €16,268 | €10,962 | €12,968 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,553 | €5,085 | €6,243 | -€5,937 | €19,047 | -€17,572 | -€1,299 | €19,448 | - |
| + Depreciation and write-downs630 | €1,667 | €1,202 | €1,039 | €1,890 | €3,731 | €4,455 | €4,194 | €4,298 | ▲ 2.5% |
| Operating cash flow (approximation) | €4,220 | €6,287 | €7,283 | -€4,047 | €22,779 | -€13,118 | €2,895 | €23,746 | ▲ 720% |
| Investment in fixed assets (approximation) | - | -€288 | -€4,963 | -€4,280 | -€12,621 | -€537 | -€1,454 | -€592 | ▲ 59.2% |
| Change in cash | - | -€14,317 | €2,825 | €1,918 | €4,953 | €2,600 | -€13,410 | €8,262 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00351338 | NBB |
| 31-12-2024 | micro format | 27-07-2025 | 2025-00334291 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00281998 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00276699 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20220673 | |
| 31-12-2020 | abbreviated format | 28-09-2021 | 2021-69000172 | |
| 31-12-2019 | abbreviated format | 25-10-2020 | 2020-63400254 | |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-41300432 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-40900293 | |
| 31-12-2016 | abbreviated format | 11-08-2017 | 2017-43100202 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SEMINCK Bart |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, natuurlijke personen of rechtspersonen al dan niet aandeelhouder”“Algemene kosten los van representatie-,reis- en verplaatsingskosten, absolute meerderheid of enige aandeelhouder”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, ontbinding door beslissing algemene vergadering”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, recht algemene vergadering een of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen en…”
Articles of association, deed of 18-07-2022
Owners and capital
Capital and shareholders
- 18-07-2022 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam”
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Bestuursorgaan, aangetekende brief”
- Share issue ruleHow and by whom new shares can be issued.
- “15, openstelling intekening”
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 18-07-2022 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-07
Gazette deed
Resignation: SEMINCK Bart (manager)Appointment: SEMINCK Bart (director) · Permanent representative: SEMINCK Bart · Director discharge13 facts ▸
- Director resignation, SEMINCK Bart (manager (not named in the articles))
- Director appointment, SEMINCK Bart (director (not named in the articles))
- Director discharge, SEMINCK Bart
- Permanent representative, SEMINCK Bart
- Registered office clause, “Steenweg op Aalst 91”, 9308 (deed in Dutch)
- Other provision, “bart@deschilders.be, website e-mailadres” (deed in Dutch)
- Other provision, “stemming, alle besluiten aangenomen met algemeenheid van stemmen” (deed in Dutch)
- General meeting, 21-06-2022
- Other provision, “aanpassing aan Wetboek van Vennootschappen en Verenigingen, statuten aanpassen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
- +1 further fact in this act
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0809.103.328
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het schilderen van het binnen- en buitenwerk van gebouwen; Handelsbemiddeling in hout- en bouwmaterialen; Handelsbemiddeling in…”
12 activities
- Het schilderen van het binnen- en buitenwerk van gebouwen;
- Handelsbemiddeling in hout- en bouwmaterialen;
- Handelsbemiddeling in porselein,glaswerk,behang en vloerbekleding;
- Groothandel in behang- en onderhoudsproducten;
- Groothandel in meubelen,niet-elektrische huishoudapparaten en vloerbekleding inclusief tapijten;
- Groothandel in hout;
- Groothandel in verf,vernis en bouwmaterialen,inclusief sanitair;
- Detailhandel in artikelen voor verlichting en woninginrichting;
- Detailhandel in ijzerwaren,verf,bouwmaterialen en gals (inclusief doe-het-zelf-zaken) met een verkoopsoppervlakte van minder dan en/of vanaf vierhonderd vierkante meter;
- Gespecialiseerde detailhandel in behang,vloerbedekking,vloerkleden en tapijt;
- Gespecialiseerde detailhandel in drogisterijartikelen en onderhoudsproducten;
- Het ontwerpen van tuinen parken,terrassen,koeren en hovingen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BART SEMINCK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, voor zover geen wijziging taal statuten vereist”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Thursday of June at 19:00
Articles of association, deed of 18-07-2022 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41029B0509/00V000 | Flanders | 464 m² | 1 · 185 m² | 11.5 m · 1 |