S.E.M.
Annual accounts 2025
full format, filed on 04-08-2026, 4 days lateMoney flows
of every €100 of turnover, €1.86 remains as profit in 2025Balance sheet
balance sheet total €269,424 on 31-12-2025in euro
Position in the sector
37.0%
Higher than 51% of 5,069 companies in 2025.
7.32
Higher than 93% of 4,995 companies in 2025.
1.5%
Higher than 39% of 5,038 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
269,424 | 272,974 | 249,258 | 252,443 | 253,619 | 245,344 | 245,671 | 245,481 | 257,216 | 257,965 | 280,129 | 303,665 | 280,093 | 175,381 | 140,287 | 105,970 | 138,755 | 202,826 | 168,274 | 130,167 | |
21/28 |
670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 6,846 | 10,614 | 16,540 | 24,743 | 34,634 | 1,352 | 1,693 | 2,670 | 10,345 | 15,331 | 7,855 | 8,794 | |
22/27 |
- | - | - | - | - | - | - | - | 6,176 | 9,944 | 15,870 | 24,073 | 33,964 | 682 | 1,023 | 2,000 | 9,675 | 14,661 | 7,185 | 8,124 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 228 | 457 | - | - | - | |
24 |
- | - | - | - | - | - | - | - | - | - | 2,157 | 6,594 | 11,329 | 682 | 1,023 | 1,364 | 6,690 | 9,954 | 3,927 | 6,349 | |
26 |
- | - | - | - | - | - | - | - | 6,176 | 9,944 | 13,713 | 17,479 | 22,635 | - | - | 408 | 2,528 | 4,707 | 3,258 | 1,775 | |
28 |
670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | 670 | |
29/58 |
268,754 | 272,304 | 248,588 | 251,773 | 252,950 | 244,675 | 245,001 | 244,811 | 250,370 | 247,351 | 263,589 | 278,922 | 245,459 | 174,029 | 138,594 | 103,300 | 128,410 | 187,495 | 160,419 | 121,373 | |
3 |
268,754 | 272,304 | 243,859 | 249,739 | 240,620 | 242,623 | 242,623 | 242,623 | 249,306 | 244,434 | 255,286 | 277,276 | 244,320 | 169,474 | 129,269 | 96,795 | 119,818 | 164,909 | 147,683 | 94,788 | |
30/36 |
268,754 | 272,304 | 243,859 | 249,739 | 240,620 | 242,623 | 242,623 | 242,623 | 249,306 | 244,434 | 255,286 | 277,276 | 244,320 | 169,474 | 129,269 | 96,795 | 119,818 | 164,909 | 147,683 | 94,788 | |
40/41 |
- | - | - | - | - | - | - | - | - | - | 6,125 | - | - | 2,455 | 4,989 | 2,849 | 139 | - | 6,386 | 4,800 | |
40 |
- | - | - | - | - | - | - | - | - | - | 6,125 | - | - | 2,455 | - | - | - | - | 1,586 | - | |
41 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,989 | 2,849 | 139 | - | 4,800 | 4,800 | |
54/58 |
- | - | 4,729 | 2,034 | 12,330 | 2,052 | 2,379 | 2,189 | 1,065 | 2,918 | 2,178 | 1,065 | 1,139 | 2,100 | 4,336 | 3,656 | 8,453 | 22,586 | 6,189 | 21,785 | |
490/1 |
- | - | - | - | - | - | - | - | - | - | - | 581 | - | - | - | - | - | - | 161 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
269,424 | 272,974 | 249,258 | 252,443 | 253,619 | 245,344 | 245,671 | 245,481 | 257,216 | 257,965 | 280,129 | 303,665 | 280,093 | 175,381 | 140,287 | 105,970 | 138,755 | 202,826 | 168,274 | 130,167 | |
10/15 |
99,812 | 95,868 | 106,418 | 99,578 | 85,827 | 77,570 | 72,573 | 71,062 | 53,403 | 41,568 | 37,768 | 25,092 | 22,538 | 12,486 | -11,262 | -33,750 | -15,950 | -661 | -4,104 | -9,114 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 9,197 | 9,197 | 9,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,395 | 9,395 | 9,395 | 12,395 | 12,395 | 12,395 | |
11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 627 | 627 | 627 | 627 | 627 | 627 | 627 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 627 | 627 | 627 | 627 | 627 | 627 | 627 | |
14 |
79,360 | 75,417 | 85,966 | 79,126 | 65,376 | 57,119 | 52,122 | 50,611 | 32,951 | 21,117 | 17,317 | 4,641 | 2,087 | -6,733 | -21,086 | -43,574 | -25,774 | -7,485 | -10,928 | -15,938 | |
17/49 |
169,612 | 177,106 | 142,840 | 152,865 | 167,792 | 167,774 | 173,098 | 174,419 | 203,814 | 216,397 | 242,361 | 278,573 | 257,555 | 162,895 | 151,549 | 139,720 | 154,705 | 203,487 | 172,378 | 139,281 | |
17 |
132,886 | 138,216 | 138,744 | - | - | - | - | - | - | - | - | - | - | - | 3,461 | 6,793 | - | 2,083 | - | - | |
170/4 |
132,886 | 138,216 | 138,744 | - | - | - | - | - | - | - | - | - | - | - | 3,461 | 6,793 | - | 2,083 | - | - | |
42/48 |
36,726 | 38,890 | 4,096 | 147,724 | 167,774 | 167,774 | 173,098 | 174,419 | 203,814 | 216,397 | 242,361 | 278,573 | 257,555 | 162,895 | 148,088 | 132,927 | 154,705 | 201,404 | 172,378 | 139,281 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3,461 | 3,332 | 3,207 | 2,083 | - | - | 2,558 | |
43 |
7,431 | 1,192 | - | - | - | - | - | - | 6,501 | 6,508 | - | 4,343 | 7,027 | 6,796 | - | 10 | 10 | 5,010 | 10 | 4 | |
430/8 |
7,431 | 1,192 | - | - | - | - | - | - | 6,501 | 6,508 | - | 4,343 | 7,027 | 6,796 | - | 10 | 10 | 5,010 | 10 | 4 | |
44 |
18,207 | 28,251 | - | - | - | - | - | 4,983 | 28,755 | 64,714 | 100,152 | 75,640 | 70,330 | 31,726 | 57,995 | 34,203 | 18,232 | 23,193 | 38,565 | 13,637 | |
440/4 |
18,207 | 28,251 | - | - | - | - | - | 4,983 | 28,755 | 64,714 | 100,152 | 75,640 | 70,330 | 31,726 | 57,995 | 34,203 | 18,232 | 23,193 | 38,565 | 13,637 | |
45 |
11,088 | 9,447 | 4,096 | 2,712 | 8,688 | 8,688 | 9,755 | 4,964 | 38,911 | 15,529 | 12,562 | 64,952 | 17,922 | 3,815 | 4,294 | 4,294 | 24,564 | 53,544 | 48,035 | 50,752 | |
450/3 |
11,088 | 9,447 | 4,096 | 2,712 | 8,688 | 8,688 | 9,755 | 4,964 | 17,911 | 15,529 | 12,562 | 49,518 | 17,922 | 3,815 | - | - | - | 4,685 | 34,584 | 44,733 | |
454/9 |
- | - | - | - | - | - | - | - | 21,000 | - | - | 15,434 | - | - | 4,294 | 4,294 | 24,564 | 48,859 | 13,451 | 6,019 | |
47/48 |
- | - | - | 145,012 | 159,086 | 159,086 | 163,343 | 164,472 | 129,646 | 129,646 | 129,647 | 133,638 | 162,276 | 117,097 | 82,467 | 91,213 | 109,816 | 119,657 | 85,768 | 72,330 | |
492/3 |
- | - | - | 5,141 | 18 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
211,958 | 234,325 | - | - | - | - | - | - | - | - | - | - | - | 322,161 | - | - | - | - | - | - | |
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 413 | - | - | - | 1,485 | - | |
9900 |
9,311 | 30,235 | 14,850 | 18,407 | 7,427 | 13,024 | 5,224 | 23,937 | 15,756 | 9,823 | 21,174 | 41,156 | 41,030 | 20,244 | 27,566 | 4,302 | 15,878 | 32,584 | 37,407 | 33,386 | |
60/61 |
203,250 | 204,089 | - | - | - | - | - | - | - | - | - | - | - | 304,073 | - | - | - | - | - | - | |
62 |
- | 21,571 | 3,559 | - | - | - | - | - | - | - | - | - | - | - | - | 12,433 | 22,914 | 18,887 | 25,045 | 21,618 | |
630 |
- | - | - | - | - | - | - | 6,176 | 3,768 | 5,926 | 8,203 | 9,891 | 14,230 | 341 | 977 | 7,675 | 4,475 | 6,663 | 5,076 | 6,712 | |
640/8 |
3,951 | 3,416 | 4,451 | 4,657 | 1,042 | 8,027 | 3,291 | 101 | 154 | 97 | 295 | 2,805 | 738 | 764 | 1,369 | 1,329 | 1,620 | 3,215 | 3,289 | 2,306 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17 | - | |
9901 |
5,360 | 5,248 | 6,840 | 13,750 | 6,385 | 4,997 | 1,933 | 17,660 | 11,834 | 3,801 | 12,676 | 28,460 | 26,062 | 19,139 | 25,220 | -17,135 | -13,131 | 3,819 | 3,997 | 2,750 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | - | - | 61 | 160 | - | 202 | 55 | 170 | 1 | - | |
75 |
- | - | - | - | - | - | - | - | - | - | - | - | 61 | 160 | - | 202 | 55 | 170 | 1 | - | |
65/66B |
1,417 | 1,034 | - | - | - | - | 422 | - | - | - | - | 2,557 | 1,787 | 1,167 | 1,257 | 242 | 1,722 | 546 | 337 | 549 | |
65 |
1,417 | 1,034 | - | - | - | - | 422 | - | - | - | - | 2,557 | 1,787 | 1,167 | 1,257 | 242 | 1,722 | 546 | 337 | 549 | |
9903 |
3,943 | 4,214 | 6,840 | 13,750 | 6,385 | 4,997 | 1,510 | 17,660 | 11,834 | 3,801 | 12,676 | 25,903 | 24,336 | 18,132 | 24,376 | -17,175 | -14,798 | 3,443 | 5,129 | 2,201 | |
67/77 |
- | 14,763 | - | - | - | - | - | - | - | - | - | 18,349 | 3,484 | 3,779 | 1,888 | 625 | 3,491 | - | 119 | - | |
9904 |
3,943 | -10,549 | 6,840 | 13,750 | 6,385 | 4,997 | 1,510 | 17,660 | 11,834 | 3,801 | 12,676 | 7,554 | 20,852 | 14,353 | 22,488 | -17,800 | -18,289 | 3,443 | 5,010 | 2,201 | |
9905 |
3,943 | -10,549 | 6,840 | 13,750 | 6,385 | 4,997 | 1,510 | 17,660 | 11,834 | 3,801 | 12,676 | 7,554 | 20,852 | 14,353 | 22,488 | -17,800 | -18,289 | 3,443 | 5,010 | 2,201 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
79,360 | 75,417 | 85,966 | 79,126 | 65,376 | 57,119 | 52,122 | 50,611 | 32,951 | 21,117 | 17,317 | 9,641 | 14,119 | -6,733 | -21,086 | -43,574 | -25,774 | -7,485 | -10,928 | -15,938 | |
14P |
75,417 | 85,966 | 79,126 | 65,376 | 58,991 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,232 | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,232 | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 5,000 | 10,800 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | 5,000 | 10,800 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,586 | 1,770 | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2001-2004) were filed as documents without figures as data, scans for example.
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 04-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 4 days after the deadline. Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00391309.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 04-08-2026 | 2026-00391309 | |
| 31-12-2024 | full format | 01-07-2025 | 2025-00224052 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00360031 | |
| 31-12-2022 | micro format | 16-11-2023 | 2023-00512969 | |
| 31-12-2021 | micro format | 16-11-2023 | 2023-00512989 | |
| 31-12-2020 | full format | 11-06-2021 | 2021-19400477 | |
| 31-12-2019 | full format | 01-12-2020 | 2020-74200067 | |
| 31-12-2018 | full format | 15-10-2019 | 2019-70400337 | |
| 31-12-2017 | full format | 20-10-2018 | 2018-69800508 | |
| 31-12-2016 | full format | 09-07-2017 | 2017-30600004 | |
| 31-12-2015 | full format | 13-07-2016 | 2016-32500594 | |
| 31-12-2014 | full format | 28-08-2015 | 2015-53300015 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-55900226 | |
| 31-12-2012 | full format | 29-08-2013 | 2013-51600150 | |
| 31-12-2011 | full format | 05-07-2012 | 2012-26900082 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-46400203 | |
| 31-12-2009 | full format | 31-10-2010 | 2010-60100573 | |
| 31-12-2008 | full format | 31-10-2010 | 2010-60100111 | |
| 31-12-2007 | full format | 30-08-2008 | 2008-71300048 | |
| 31-12-2006 | full format | 28-03-2008 | 2008-09400315 | |
| 31-12-2004 | full format | 07-10-2005 | 2005-81604673 | |
| 31-12-2003 | full format | 25-04-2005 | 2005-12605341 | |
| 31-12-2002 | full format | 30-09-2003 | 2003-70301094 | |
| 31-12-2001 | full format | 12-06-2003 | 2003-22603471 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | 23,836 | 15,602 | 9,726 | 20,879 | 38,351 | 40,292 | 19,480 | 26,197 | -9,460 | -8,656 | 10,482 | 9,073 | 9,462 | ||
| - | - | - | - | - | - | - | 23,836 | 15,602 | 9,726 | 20,879 | 17,445 | 35,082 | 14,694 | 23,465 | -10,125 | -13,814 | 10,106 | 10,086 | 8,913 | ||
| - | - | - | - | - | - | - | 0 | 0 | -1 | 0 | 0 | 47,512 | 0 | 0 | 0 | 9,675 | 14,605 | 2,671 | - | ||
| - | - | 2,695 | -10,296 | 10,278 | -327 | 190 | 1,124 | -1,853 | 740 | 1,113 | -74 | -961 | -2,236 | 680 | -4,797 | -14,133 | 16,397 | -15,596 | - | ||
| 232,028 | 233,415 | 244,492 | 104,049 | 85,176 | 76,900 | 71,903 | 70,393 | 46,557 | 30,955 | 21,228 | 349 | -12,096 | 11,134 | -9,494 | -29,627 | -26,295 | -13,909 | -11,959 | -17,908 | ||
| 2.5% | 2.2% | - | - | - | - | - | - | - | - | - | - | - | 5.9% | - | - | - | - | - | - | ||
| 37.0% | 35.1% | 42.7% | 39.4% | 33.8% | 31.6% | 29.5% | 28.9% | 20.8% | 16.1% | 13.5% | 8.3% | 8.0% | 7.1% | -8.0% | -31.8% | -11.5% | -0.3% | -2.4% | -7.0% | ||
| 7.32 | 7.00 | 60.70 | 1.70 | 1.51 | 1.46 | 1.42 | 1.40 | 1.23 | 1.14 | 1.09 | 1.00 | 0.95 | 1.07 | 0.94 | 0.78 | 0.83 | 0.93 | 0.93 | 0.87 | ||
| 0.00 | 0.00 | 1.15 | 0.01 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | 0.00 | 0.03 | 0.06 | 0.05 | 0.06 | 0.11 | 0.07 | 0.19 | ||
| 1.70 | 1.85 | 1.34 | 1.54 | 1.95 | 2.16 | 2.39 | 2.45 | 3.82 | 5.21 | 6.42 | 11.10 | 11.43 | 13.05 | - | - | - | - | - | - | ||
| 4.0% | -11.0% | 6.4% | 13.8% | 7.4% | 6.4% | 2.1% | 24.9% | 22.2% | 9.1% | 33.6% | 30.1% | 92.5% | 115.0% | - | - | - | - | - | - | ||
| 1.5% | -3.9% | 2.7% | 5.4% | 2.5% | 2.0% | 0.6% | 7.2% | 4.6% | 1.5% | 4.5% | 2.5% | 7.4% | 8.2% | 16.0% | -16.8% | -13.2% | 1.7% | 3.0% | 1.7% | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 3 days | - | - | - | - | - | - | ||
| 33 days | 51 days | - | - | - | - | - | - | - | - | - | - | - | 38 days | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on S.E.M.
The operating result for 2025 is 2% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 64.9% to 63.0%. Equity is higher and debt is lower.