Turnover
≈ €260,000 estimated
The micro format states no turnover.
SEM BUILDING
Lifetime
14 annual accounts with figures on one time axispeak €70,384 (2012)
€19,776▲ 91.9%
lowest -€746 (2021)
€6,479▲ 90×
peak €73,031 (2025)
€73,031▲ 9.7%
€13,573▲ 9.4%
Board1 name since 2021
1 directorMUSOVIC SEAD
Documentsfilings and deeds
19-08-202619 days late
2025micro format
Gross margin from €10,307 to €19,776Result from €72 to €6,479
Key points
from the 2025 annual accountsFilings
14 annual accounts since 2012
Ten of the last ten came late. The 2019 accounts came latest: 28 days after the end of the period.
Position in the sector
84.3%
Higher solvency than 89% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
88
Excellent
Financially stronger than 65% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025
09-2025: 0.2%▼ -0.4 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -0.3 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €86,604
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2011
Equity €73,031 (84.3% of total assets)
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 43, micro). It does better than 90% of them on solvency, 58% on liquidity, 55% on profitability and 55% 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 very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as SEM BUILDING has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of SEM BUILDING itself: 0.3% 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 34,693 companies, not a prediction for SEM BUILDING. 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 6.05 (7.67 in 2024), above the usual 1.5. Short-term debt is 15.7% and cash 11.3% of total assets. 15.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 19 days late
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. 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
19 days late
2024
28 days late
2023
28 days late
2022
28 days late
2021
22 days late
2020
18 days late
2019
28 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 24 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 28 August (5 of the last 5 accounts filed within 30 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
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834350349
Registered office moved to Brussels
New registered office: Rue Gendebien 20 B-1030 Bruxelles · General meeting of 08-09-2021 · Gazette deed
Incorporation
published on 18-03-2011 · Gazette deed
First establishment
Gendebienstraat 20, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEM BUILDING Schaerbeek | €86,604 | €19,776 | 84.3% | - |
| LRW-CONSTRUCT Bree | €88,729 | €20,350 | 78.0% | - |
| GTES Dilsen-Stokkem | €94,148 | €19,673 | 38.3% | - |
| ANNO-NINE Laarne | €85,599 | €23,745 | -2.7% | - |
| ALAIN DESMET VERWARMING & SANITAIR Halle | €90,699 | €18,370 | 96.2% | - |
| HANZELEK Oosterzele | €98,905 | €17,134 | 40.4% | - |
| PETER D'HOKER Wetteren | €77,030 | €18,315 | 46.2% | - |
These companies have the same main activity as SEM BUILDING: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €77,000 and €98,900, founded between 2008 and 2011.
Official details
Source: KBO- Status
- Active since 08-03-2011Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 1 other
- Establishment unit
- 2.198.807.9751030 Schaerbeek, since 08-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 19-02-2026
Insights on SEM BUILDING
SEM BUILDING files the micro format. That format states no turnover. The gross margin fell from €70,384 in 2012 to €19,776 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 SEM BUILDING
- What is the company number of SEM BUILDING?
- The company number of SEM BUILDING is 0834.350.349. The VAT number is the same number with BE in front: BE 0834.350.349.
- Where is SEM BUILDING based?
- The registered office is at Gendebienstraat 20, 1030 Schaerbeek.Company details
- What does SEM BUILDING do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of SEM BUILDING?
- SEM BUILDING is a private limited company (pre-2019) (BVBA).
- When was SEM BUILDING founded?
- SEM BUILDING was founded on 08-03-2011.
- Is SEM BUILDING still active?
- Yes, SEM BUILDING is an active enterprise in the KBO register.
- What is the turnover of SEM BUILDING?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €19,776 and 32 comparable companies (NACE 43222). It probably lies between €160,000 and €370,000. It is a rough estimate.Financials
- Is SEM BUILDING profitable?
- In financial year 2025, SEM BUILDING made a profit of €6,479.
- Where can I find the annual accounts of SEM BUILDING?
- SEM BUILDING filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEM BUILDING due?
- SEM BUILDING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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