Payment terms
33 days to suppliers
S.E.M. pays its suppliers 18 days earlier than in 2024.
S.E.M.
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2001peak €41,156 (2014)
€9,311▼ 69.2%
lowest -€18,289 (2009)
€3,943▲ €14,493
peak €106,418 (2023)
€99,812▲ 4.1%
€169,612▼ 4.2%
Board3 names since 2018
2 directorsDEVECI Erdal and 1 other
Documentsfilings and deeds
04-08-20264 days late
2025financial year
Gross margin from €30,235 to €9,311Back to profit: €3,943
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 54% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.7%▼ -0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 1.5%▲ +0.6 percentage points vs 07-2025
09-2025: 1.5%● unchanged vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.5%● unchanged vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.6%▲ +0.1 percentage points vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.5%▼ -0.1 percentage points vs 06-2026
08-2026: 2.4%▲ +0.9 percentage points vs 07-2026highest value
09-2026: 0.7%▼ -1.7 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 7.32
Size: turnover €211,958, total assets €269,424
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 52% of them on solvency, 95% on liquidity, 31% on profitability and 39% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as S.E.M. has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of S.E.M. itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for S.E.M.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.32 (7.0 in 2024), above the usual 1.5. Short-term debt is 13.6% of total assets. However, 63% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
4 days late
2024
30 days early
2023
22 days late
2022
108 days late
2021
473 days late
2020
50 days early
2019
123 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 93 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (4 of the last 5 accounts filed within 85 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Resignation: DEVECIERDAL (director)
General meeting of 12-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471243024
Appointments: DEVECI Erdal (director) and DEVECI Serdal (director)
General meeting of 04-12-2023 · Gazette deed
Appointment: DEVECI Erdal (manager)
General meeting of 01-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| S.E.M. Schaerbeek | €211,958 | 2.5% | 37.0% | - |
| S-CARGO Brussels | €174,845 | 7.1% | 52.6% | - |
| MAX ET LOLA Uccle | - | - | -22.6% | - |
| ZENYT Brussels | - | - | 49.6% | - |
| TATY Molenbeek-Saint-Jean | - | - | -87.3% | - |
| Gold Digger Antwerp | - | - | -17.4% | 0 |
| DONNA Duffel | - | - | -507.2% | - |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as S.E.M.: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €195,000 and €312,000, founded between 1990 and 2004.
Official details
Source: KBO- Status
- Active since 25-02-2000Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 1 other
- Establishment unit
- 2.167.367.0101030 Schaerbeek, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on S.E.M.
S.E.M. has existed since 2000. The gross margin fell from €33,386 in 2006 to €9,311 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about S.E.M.
- What is the company number of S.E.M.?
- The company number of S.E.M. is 0471.243.024. The VAT number is the same number with BE in front: BE 0471.243.024.
- Where is S.E.M. based?
- The registered office is at Haachtsesteenweg 181, 1030 Schaerbeek.Company details
- What does S.E.M. do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of S.E.M.?
- S.E.M. is a private limited company (BV).
- When was S.E.M. founded?
- S.E.M. was founded on 25-02-2000.
- Is S.E.M. still active?
- Yes, S.E.M. is an active enterprise in the KBO register.
- What is the turnover of S.E.M.?
- The turnover of S.E.M. was €211,958 in financial year 2025, according to the filed annual accounts.Financials
- Is S.E.M. profitable?
- In financial year 2025, S.E.M. made a profit of €3,943.
- Where can I find the annual accounts of S.E.M.?
- S.E.M. filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of S.E.M. due?
- S.E.M. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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