SEM BUILDING
ActiveSummary
SEM BUILDING has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73k and a net result of €6k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.05 against 7.67 in 2024; short-term debt: 15.7% and cash: 11.3% of total assets), and 15.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
84.3%
Return on assets
7.5%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
28 d late
2023
28 d late
2022
28 d late
2021
22 d late
2020
18 d late
2019
28 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€73k▲ 9.7%
2024 · €67k
2018: €42k
2019: €51k
2020: €54k
2021: €50k
2022: €50k
2023: €66k
2024: €67k
2018 → 2025
Total assets
€87k▲ 9.7%
2024 · €79k
2018: €53k
2019: €67k
2020: €69k
2021: €87k
2022: €78k
2023: €98k
2024: €79k
2018 → 2025
Net result
€6k▲ 8,924%
2024 · €72
2018: €27k
2019: €21k
2020: €11k
2021: €-746
2022: €878
2023: €16k
2024: €72
2018 → 2025
Working capital
€69k▲ 17.0%
2024 · €59k
2018: €40k
2019: €48k
2020: €52k
2021: €43k
2022: €44k
2023: €59k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€50k▲ 1.8%€66k▲ 31.8%€67k▲ 0.1%€73k▲ 9.7%
Operating result€4k-€3k▼ 29.8%€24k▲ 667%€2k▼ 91.9%€9k▲ 379%
Net result€-746-€878€16k▲ 1,728%€72▼ 99.6%€6k▲ 8,924%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 379% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€4k ▼ 61.6%
Current assets
€82k ▲ 21.9%
Equity and liabilities €87k
Equity
€73k ▲ 9.7%
Debt
€14k ▲ 9.4%
Debt's share of the balance-sheet total stays at 15.7%.
Key figures and ratios
EBITDA
€17k▲
2024 · €9k
Cash flow
€15k▲
2024 · €8k
Current ratio
6.05▼
2024 · 7.67
Debt to equity
0.19▼
2024 · 0.19
ROE
8.9%▲
2024 · 0.1%
ROA
7.5%▲
2024 · 0.1%
Interest coverage
54.18▲
2024 · 10.14
Debt ≤ 1 year
€14k▲
2024 · €9k
Income taxes
€2k▲
2024 · €943
Staff costs
€2k▲
2024 · €840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€79k€87k▲
Fixed assets21/28€12k€4k▼
Tangible fixed assets22/27€12k€4k▼
Plant, machinery and equipment23€55€747▲
Furniture and vehicles24€12k€4k▼
Current assets29/58€67k€82k▲
Amounts receivable within one year40/41€55k€72k▲
Trade receivables40€11k€28k▲
Other amounts receivable41€45k€44k▼
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1€921€114▼
Equity and liabilities
Total equity and liabilities10/49€79k€87k▲
Equity10/15€67k€73k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€58k€65k▲
Amounts payable17/49€12k€14k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€9k€14k▲
Current portion of amounts payable after more than one year42€7k€4k▼
Trade debts44-€7k
Suppliers440/4-€7k
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€943€3k▲
Remuneration and social security454/9€676-
Income statement
Code20242025
Remuneration, social security and pensions62€840€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8-€590
Gross operating margin9900€10k€20k▲
Operating profit (loss)9901€2k€9k▲
Financial income75/76B€13€4▼
Recurring financial income75€13€4▼
Financial charges65/66B€934€320▼
Recurring financial charges65€934€320▼
Profit (loss) for the period before taxes9903€1k€9k▲
Income taxes67/77€943€2k▲
Profit (loss) for the period9904€72€6k▲
Profit (loss) for the period to be appropriated9905€72€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€65k▲
Profit (loss) brought forward from the previous period14P€58k€58k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 7.67
Current ratio from 3.82 to 7.67; short-term debt falls from €21k to €9k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €878
Net result €878 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-746
Net result drops to €-746, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Schaarbeek · 1 establishment unit since 2011
Ground area
147 m²
Building footprint
101 m²
Volume, LiDAR
1,430 m³
Parcel 21909E0031/00A009, Brussels · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Gendebienstraat 20, 1030 Schaarbeek
since 20112.198.807.975
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21909E0031/00A009 | Brussels | 147 m² | 1 · 101 m² | 19.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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JV CHAUFFAGE
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,801 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
42220Construction of utility projects for electricity and telecommunications
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.