SEM-Group
ActiveSummary
SEM-Group has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,835 and a net result of -€118,327. Equity is growing by ~50.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-82
Solvency63▼-21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.54 against 3.31 in 2024; short-term debt: 35.5% and cash: 25.4% of total assets), but 62.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.7%
Return on assets
-36.3%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
9 d late
2024
on the day
2023
1 d early
2022
on the day
2021
150 d late
2020
1 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€122,835▼ 60.3%
2024 · €309,363
Total assets
€325,823▼ 38.1%
2024 · €526,776
Net result
-€118,327
2024 · €54,980
Working capital
€62,734▼ 74.7%
2024 · €247,664
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€67,925▼ 16.3%€171,516▲ 153%€46,901▼ 72.7%€94,596▲ 102%-€108,302
Net result€52,541above the sector's middle half▲ 7.8%€116,147above the sector's middle half▲ 121%€24,979within the sector's middle half▼ 78.5%€54,980above the sector's middle half▲ 120%-€118,327below the sector's middle half
Equity€110,657within the sector's middle half▲ 85.3%€237,604above the sector's middle half▲ 115%€260,983above the sector's middle half▲ 9.8%€309,363above the sector's middle half▲ 18.5%€122,835within the sector's middle half▼ 60.3%
Total assets€173,037within the sector's middle half▲ 41.5%€443,905above the sector's middle half▲ 157%€416,964above the sector's middle half▼ 6.1%€526,776above the sector's middle half▲ 26.3%€325,823above the sector's middle half▼ 38.1%
Debt€62,380▼ 0.2%€206,301▲ 231%€155,981▼ 24.4%€217,413▲ 39.4%€202,987▼ 6.6%
Working capital€92,053within the sector's middle half▲ 155%€181,700above the sector's middle half▲ 97.4%€175,891above the sector's middle half▼ 3.2%€247,664above the sector's middle half▲ 40.8%€62,734within the sector's middle half▼ 74.7%
Solvency63.9%within the sector's middle half▲ 15.1pp53.5%within the sector's middle half▼ 10.4pp62.6%within the sector's middle half▲ 9.1pp58.7%within the sector's middle half▼ 3.9pp37.7%within the sector's middle half▼ 21.0pp
Current ratio2.48within the sector's middle half▲ 0.902.77within the sector's middle half▲ 0.303.96within the sector's middle half▲ 1.193.31within the sector's middle half▼ 0.651.54within the sector's middle half▼ 1.77
Return on assets (ROA)30.4%above the sector's middle half▼ 9.5pp26.2%above the sector's middle half▼ 4.2pp6.0%within the sector's middle half▼ 20.2pp10.4%within the sector's middle half▲ 4.4pp-36.3%below the sector's middle half▼ 46.8pp
Staff (FTE)1.6▲ 14.3%2.12.4▲ 14.3%2▼ 16.7%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €108,302 after €94,596 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €325,823
Fixed assets
€147,395 ▼ 14.2%
Current assets
€178,427 ▼ 49.7%
Equity and liabilities €325,823
Equity
€122,835 ▼ 60.3%
Debt
€202,987 ▼ 6.6%
Debt's share of the balance-sheet total rises from 41.3% to 62.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€84,271▼
2024 · €118,581
Cash flow
-€94,297▼
2024 · €78,965
Debt to equity
1.65▲
2024 · 0.70
ROE
-96.3%▼
2024 · 17.8%
Interest coverage
-7.89▼
2024 · 34.30
Debt ≤ 1 year
€115,693▲
2024 · €107,308
Debt > 1 year
€87,294▼
2024 · €110,105
Income taxes
-€419▼
2024 · €36,505
Staff costs
€127,343▼
2024 · €158,702
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,517 | - |
| Remuneration, social security and pensions62 | €113,027 | €109,398 | €131,151 | €158,702 | €127,343 | ▼ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,335 | €13,213 | €17,329 | €23,985 | €24,031 | ▲ 0.2% |
| Other operating charges640/8 | €3,963 | €32,416 | €11,619 | €16,513 | €26,629 | ▲ 61.3% |
| Gross operating margin9900 | €187,249 | €326,542 | €206,999 | €293,796 | €69,700 | ▼ 76.3% |
| Operating profit (loss)9901 | €67,925 | €171,516 | €46,901 | €94,596 | -€108,302 | ▼ 214% |
| Financial income75/76B | €1 | €0 | €9 | €346 | €240 | ▼ 30.5% |
| Recurring financial income75 | €1 | €0 | €9 | €346 | €240 | ▼ 30.5% |
| Financial charges65/66B | €447 | €2,334 | €2,282 | €3,457 | €10,685 | ▲ 209% |
| Recurring financial charges65 | €447 | €2,334 | €2,282 | €3,457 | €10,685 | ▲ 209% |
| Profit (loss) for the period before taxes9903 | €67,478 | €169,181 | €44,628 | €91,485 | -€118,747 | ▼ 230% |
| Income taxes67/77 | €14,937 | €53,035 | €19,648 | €36,505 | -€419 | ▼ 101% |
| Profit (loss) for the period9904 | €52,541 | €116,147 | €24,979 | €54,980 | -€118,327 | ▼ 315% |
| Profit (loss) for the period to be appropriated9905 | €52,541 | €116,147 | €24,979 | €54,980 | -€118,327 | ▼ 315% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,037 | €443,905 | €416,964 | €526,776 | €325,823 | ▼ 38.1% |
| Fixed assets21/28 | €18,604 | €159,629 | €181,688 | €171,804 | €147,395 | ▼ 14.2% |
| Tangible fixed assets22/27 | €12,304 | €153,329 | €175,388 | €165,504 | €141,095 | ▼ 14.7% |
| Land and buildings22 | - | €2,603 | €2,457 | €2,310 | €2,163 | ▼ 6.3% |
| Plant, machinery and equipment23 | €6,927 | €6,054 | €5,182 | €4,310 | €3,441 | ▼ 20.2% |
| Furniture and vehicles24 | €5,377 | €12,616 | €45,126 | €45,694 | €31,734 | ▼ 30.6% |
| Other tangible fixed assets26 | - | €132,055 | €122,623 | €113,190 | €103,758 | ▼ 8.3% |
| Financial fixed assets28 | €6,300 | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Current assets29/58 | €154,434 | €284,276 | €235,277 | €354,972 | €178,427 | ▼ 49.7% |
| Amounts receivable within one year40/41 | €41,353 | €51,437 | €85,050 | €94,966 | €91,768 | ▼ 3.4% |
| Trade receivables40 | €40,206 | €50,792 | €47,050 | €73,817 | €89,996 | ▲ 21.9% |
| Other amounts receivable41 | €1,147 | €645 | €38,000 | €21,149 | €1,772 | ▼ 91.6% |
| Cash at bank and in hand54/58 | €110,951 | €231,027 | €150,127 | €258,300 | €82,615 | ▼ 68.0% |
| Deferred charges and accrued income490/1 | €2,130 | €1,812 | €100 | €1,706 | €4,044 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,037 | €443,905 | €416,964 | €526,776 | €325,823 | ▼ 38.1% |
| Equity10/15 | €110,657 | €237,604 | €260,983 | €309,363 | €122,835 | ▼ 60.3% |
| Contributions10/11 | €6,200 | €18,600 | €18,600 | €18,600 | - | - |
| Outside capital11 | €6,200 | - | - | - | - | - |
| Other1109/19 | €6,200 | - | - | - | - | - |
| Reserves13 | €93,767 | €208,267 | €230,767 | €279,067 | €230,800 | ▼ 17.3% |
| Non-distributable reserves130/1 | €267 | €267 | €267 | €267 | - | - |
| Reserves not available under the articles1311 | €267 | €267 | €267 | €267 | - | - |
| Distributable reserves133 | €93,500 | €208,000 | €230,500 | €278,800 | €230,800 | ▼ 17.2% |
| Profit (loss) carried forward14 | €10,690 | €10,737 | €11,616 | €11,695 | -€107,965 | ▼ 1,023% |
| Amounts payable17/49 | €62,380 | €206,301 | €155,981 | €217,413 | €202,987 | ▼ 6.6% |
| Amounts payable after more than one year17 | - | €103,725 | €96,596 | €110,105 | €87,294 | ▼ 20.7% |
| Financial debts170/4 | - | €103,725 | €96,596 | €110,105 | €87,294 | ▼ 20.7% |
| Amounts payable within one year42/48 | €62,380 | €102,576 | €59,385 | €107,308 | €115,693 | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | €7,015 | €7,129 | €22,011 | €30,055 | ▲ 36.5% |
| Trade debts44 | €3,632 | €1,618 | €5,576 | €6,474 | €4,134 | ▼ 36.1% |
| Suppliers440/4 | €3,632 | €1,618 | €5,576 | €6,474 | €4,134 | ▼ 36.1% |
| Taxes, remuneration and social security45 | €55,276 | €87,436 | €42,194 | €70,215 | €26,452 | ▼ 62.3% |
| Taxes450/3 | €34,770 | €71,609 | €17,673 | €48,514 | €3,132 | ▼ 93.5% |
| Remuneration and social security454/9 | €20,506 | €15,827 | €24,521 | €21,701 | €23,320 | ▲ 7.5% |
| Other amounts payable47/48 | €3,472 | €6,506 | €4,486 | €8,609 | €55,052 | ▲ 539% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,541 | €116,147 | €24,979 | €54,980 | -€118,327 | ▼ 315% |
| + Depreciation and write-downs630 | €2,335 | €13,213 | €17,329 | €23,985 | €24,031 | ▲ 0.2% |
| Operating cash flow (approximation) | €54,876 | €129,359 | €42,308 | €78,965 | -€94,297 | ▼ 219% |
| Investment in fixed assets (approximation) | - | -€154,238 | -€39,388 | -€14,101 | €378 | ▲ 103% |
| Change in cash | - | €120,076 | -€80,901 | €108,174 | -€175,685 | ▼ 262% |
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
Next filing, fiscal year 2026, expected by
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
30-06
Financial
Weakest financial yearnet -€118,327
Net result drops to -€118,327, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €116,147 ▲121%
Operating result €171,516, net result €116,147, both a record.
30-06
Financial
Equity above €200,000Eq €237,604 ▲115%
4 profitable years in a row build equity to €237,604.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
2021
30-06
Financial
Equity above €100,000Eq €110,657 ▲85.3%
3 profitable years in a row build equity to €110,657.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Liquidity doublescurrent ratio 1.58
Current ratio from 0.67 to 1.58.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
06-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2017
Ground area
406 m²
Building footprint
111 m²
Volume, LiDAR
748 m³
Parcel 11056B0881/00A004, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SEM-Group
since 20172.267.437.455
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056B0881/00A004 | Flanders | 406 m² | 1 · 111 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 2,148 companies in sector 71209 we hold annual accounts for 1,090. 828 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-04-2017
Fiscal year end30-06
Activities, NACEBEL 2025
52250Logistics services
71209Other technical testing and analysis
74999Other professional, scientific and technical activities
Contact
E-mail
semgroup.inspections@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674917684
Also
9925:BE0674917684
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.