SEM & CO
ActiveSummary
SEM & CO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€67,710) and a net result of -€5,583. Equity is shrinking by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,241 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 1,241 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,143 | €58,040 | €59,094 | €56,899 | €54,294 | ▼ 4.6% |
| Other operating charges640/8 | - | €1,180 | €1,154 | €6,405 | €3,224 | ▼ 49.7% |
| Gross operating margin9900 | €123,903 | €25,530 | €47,047 | €47,581 | €56,765 | ▲ 19.3% |
| Operating profit (loss)9901 | €73,676 | -€33,690 | -€13,201 | -€15,723 | -€753 | ▲ 95.2% |
| Financial income75/76B | - | €85 | €5,182 | €56 | €1 | ▼ 98.6% |
| Recurring financial income75 | €2 | €85 | €5,182 | €56 | €1 | ▼ 98.6% |
| Financial charges65/66B | - | €6,979 | €7,096 | €7,060 | €4,677 | ▼ 33.8% |
| Recurring financial charges65 | €7,746 | €6,979 | €7,096 | €7,060 | €4,677 | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | €65,932 | -€40,584 | -€15,115 | -€22,728 | -€5,429 | ▲ 76.1% |
| Income taxes67/77 | €53 | €173 | €188 | €4,470 | €154 | ▼ 96.6% |
| Profit (loss) for the period9904 | €65,880 | -€40,757 | -€15,302 | -€27,198 | -€5,583 | ▲ 79.5% |
| Profit (loss) for the period to be appropriated9905 | €65,880 | -€40,757 | -€15,302 | -€27,198 | -€5,583 | ▲ 79.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856,489 | €787,148 | €794,689 | €738,187 | €702,977 | ▼ 4.8% |
| Fixed assets21/28 | €636,525 | €750,667 | €734,611 | €693,140 | €638,846 | ▼ 7.8% |
| Tangible fixed assets22/27 | €633,025 | €747,167 | €731,111 | €689,640 | €635,346 | ▼ 7.9% |
| Land and buildings22 | - | €709,779 | €699,774 | €669,727 | €626,499 | ▼ 6.5% |
| Plant, machinery and equipment23 | - | €8,393 | €10,254 | €6,741 | €3,586 | ▼ 46.8% |
| Furniture and vehicles24 | - | €28,995 | €21,083 | €13,172 | €5,260 | ▼ 60.1% |
| Financial fixed assets28 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Current assets29/58 | €219,964 | €36,481 | €60,077 | €45,047 | €64,132 | ▲ 42.4% |
| Amounts receivable within one year40/41 | €16,963 | €35,861 | €40,418 | €41,710 | €28,463 | ▼ 31.8% |
| Trade receivables40 | - | €35,861 | €40,418 | €21,710 | €28,463 | ▲ 31.1% |
| Other amounts receivable41 | - | - | - | €20,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €197,620 | €0 | €18,451 | €1,850 | €34,168 | ▲ 1,747% |
| Deferred charges and accrued income490/1 | - | €620 | €1,208 | €1,487 | €1,500 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856,489 | €787,148 | €794,689 | €738,187 | €702,977 | ▼ 4.8% |
| Equity10/15 | €21,130 | -€19,627 | -€34,929 | -€62,127 | -€67,710 | ▼ 9.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €63,032 | €63,032 | €63,032 | €63,032 | €63,032 | = |
| Non-distributable reserves130/1 | - | €18,032 | €18,032 | €18,032 | €18,032 | = |
| Reserves not available under the articles1311 | - | €18,032 | €18,032 | €18,032 | €18,032 | = |
| Distributable reserves133 | - | €45,000 | €45,000 | €45,000 | €45,000 | = |
| Profit (loss) carried forward14 | -€60,502 | -€101,259 | -€116,562 | -€143,759 | -€149,342 | ▼ 3.9% |
| Amounts payable17/49 | €835,359 | €806,775 | €829,618 | €800,314 | €770,687 | ▼ 3.7% |
| Amounts payable after more than one year17 | €492,329 | €455,099 | €417,464 | €379,417 | €339,643 | ▼ 10.5% |
| Financial debts170/4 | - | €455,099 | €417,464 | €379,417 | €339,643 | ▼ 10.5% |
| Amounts payable within one year42/48 | €343,030 | €351,274 | €412,067 | €419,447 | €431,044 | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | - | €39,774 | €39,774 | €39,774 | €39,774 | = |
| Financial debts43 | - | €6,250 | €0 | - | - | - |
| Credit institutions430/8 | - | €6,250 | €0 | - | - | - |
| Trade debts44 | €59,718 | €49,135 | €52,340 | €41,179 | €46,894 | ▲ 13.9% |
| Suppliers440/4 | - | €49,135 | €52,340 | €41,179 | €46,894 | ▲ 13.9% |
| Taxes, remuneration and social security45 | - | €15,581 | €9,336 | €5,159 | €5,625 | ▲ 9.0% |
| Taxes450/3 | - | €15,581 | €9,336 | €5,159 | €5,625 | ▲ 9.0% |
| Other amounts payable47/48 | - | €240,535 | €310,617 | €333,335 | €338,752 | ▲ 1.6% |
| Accrued charges and deferred income492/3 | - | €402 | €87 | €1,450 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,880 | -€40,757 | -€15,302 | -€27,198 | -€5,583 | ▲ 79.5% |
| + Depreciation and write-downs630 | €45,143 | €58,040 | €59,094 | €56,899 | €54,294 | ▼ 4.6% |
| Operating cash flow (approximation) | €111,023 | €17,282 | €43,791 | €29,702 | €48,711 | ▲ 64.0% |
| Investment in fixed assets (approximation) | - | -€172,181 | -€43,038 | -€15,428 | €0 | ▲ 100% |
| Change in cash | - | -€197,620 | €18,451 | -€16,601 | €32,318 | ▲ 295% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45008B0480/00C000 | Flanders | 9,264 m² | 1 · 419 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 29-02-2024 list no shareholders, and no other source names one.
Holdings 1
-
5%
According to the annual accounts to 29-02-2024 of SEM & CO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.