SEM MANAGEMENT
ActiveSummary
SEM MANAGEMENT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €44,885. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 73% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▲+8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
short-term debt: 0.1% and cash: 0.9% of total assets, and 22% of the assets are financed with debt.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
78%
Return on assets
1.8%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 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
10 d late
2024
21 d late
2023
8 d late
2022
21 d late
2021
23 d late
2020
26 d late
2019
27 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 19 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€343,250
EBIT margin
5.0%
Net result
€44,885
2024 · -€31,513
Working capital
€539,798▲ 1.2%
2024 · €533,242
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€17,979▼ 66.1%€21,945▲ 22.1%-€3,500-€29,502▼ 743%€47,969
Net result€7,782▼ 81.3%€7,599▼ 2.3%-€7,618-€31,513▼ 314%€44,885
EBIT margin
Equity€1.9m▲ 0.4%€2.0m▲ 0.4%€1.9m▼ 0.4%€1.9m▼ 1.6%€2.0m▲ 2.3%
Total assets€2.9m▼ 15.6%€2.9m▼ 2.1%€2.7m▼ 6.2%€2.5m▼ 6.3%€2.5m=
Debt€968,869▼ 36.0%€863,043▼ 10.9%€694,172▼ 19.6%€557,672▼ 19.7%€552,362▼ 1.0%
Working capital€765,811▼ 16.0%€692,531▼ 9.6%€564,755▼ 18.5%€533,242▼ 5.6%€539,798▲ 1.2%
Staff (FTE)0.8=
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €47,969 after a loss of €29,502 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€2.0m =
Current assets
€542,123 ▲ 0.2%
Equity and liabilities €2.5m
Equity
€2.0m ▲ 2.3%
Provisions
€0 ▼ 100%
Debt
€552,362 ▼ 1.0%
Debt's share of the balance-sheet total falls from 22.2% to 22.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.28▼
2024 · 0.29
ROE
2.3%▲
2024 · -1.6%
ROA
1.8%▲
2024 · -1.3%
Debt ≤ 1 year
€2,325▼
2024 · €7,672
Debt > 1 year
€550,000=
2024 · €550,000
Income taxes
€2,180
Staff costs
€10,159
A ratio outside any meaningful range has been withheld (balance sheet total €2.5m, equity €2.0m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20 | - | - | €10,159 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €38,366 | - | - | - | - |
| Other operating charges640/8 | - | €868 | - | - | - | - |
| Gross operating margin9900 | €196,994 | €61,200 | -€3,500 | -€29,502 | €58,128 | ▲ 297% |
| Operating profit (loss)9901 | €17,979 | €21,945 | -€3,500 | -€29,502 | €47,969 | ▲ 263% |
| Recurring financial income75 | €294 | - | - | - | - | - |
| Financial charges65/66B | - | €7,382 | €4,118 | €2,011 | €905 | ▼ 55.0% |
| Recurring financial charges65 | €10,492 | €7,382 | €4,118 | €2,011 | €905 | ▼ 55.0% |
| Profit (loss) for the period before taxes9903 | €7,782 | €14,564 | -€7,618 | -€31,513 | €47,064 | ▲ 249% |
| Income taxes67/77 | - | €6,965 | -€0 | - | €2,180 | - |
| Profit (loss) for the period9904 | €7,782 | €7,599 | -€7,618 | -€31,513 | €44,885 | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €7,782 | €7,599 | -€7,618 | -€31,513 | €44,885 | ▲ 242% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €2.9m | €2.7m | €2.5m | €2.5m | = |
| Fixed assets21/28 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Financial fixed assets28 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Current assets29/58 | €945,277 | €885,417 | €708,927 | €540,914 | €542,123 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €941,804 | €868,010 | €708,088 | €540,743 | €519,025 | ▼ 4.0% |
| Trade receivables40 | - | €31,500 | - | - | - | - |
| Other amounts receivable41 | - | €836,510 | €708,088 | €540,743 | €519,025 | ▼ 4.0% |
| Cash at bank and in hand54/58 | €2,892 | €16,800 | €838 | €146 | €23,098 | ▲ 15,760% |
| Deferred charges and accrued income490/1 | - | €607 | - | €25 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €2.9m | €2.7m | €2.5m | €2.5m | = |
| Equity10/15 | €1.9m | €2.0m | €1.9m | €1.9m | €2.0m | ▲ 2.3% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Uncalled capital101 | - | - | €9,300 | €9,300 | €9,300 | = |
| Revaluation surpluses12 | - | €103,423 | €103,423 | €103,423 | €103,423 | = |
| Reserves13 | €294,188 | €294,188 | €294,188 | €294,188 | €294,188 | = |
| Non-distributable reserves130/1 | - | €126,130 | €126,130 | €126,130 | €126,130 | = |
| Reserves not available under the articles1311 | - | €126,130 | €126,130 | €126,130 | €126,130 | = |
| Tax-exempt reserves132 | - | €168,058 | €75,058 | €75,058 | €75,058 | = |
| Distributable reserves133 | - | - | €93,000 | €93,000 | €93,000 | = |
| Profit (loss) carried forward14 | €298,597 | €306,196 | €298,578 | €267,065 | €311,949 | ▲ 16.8% |
| Provisions and deferred taxes16 | - | €38,366 | €38,366 | €38,366 | - | - |
| Provisions for liabilities and charges160/5 | - | €38,366 | - | - | - | - |
| Other liabilities and charges164/5 | - | €38,366 | - | - | - | - |
| Deferred taxes168 | - | - | €38,366 | €38,366 | - | - |
| Amounts payable17/49 | €968,869 | €863,043 | €694,172 | €557,672 | €552,362 | ▼ 1.0% |
| Amounts payable after more than one year17 | €788,535 | €669,289 | €550,000 | €550,000 | €550,000 | = |
| Financial debts170/4 | - | €669,289 | €550,000 | €550,000 | €550,000 | = |
| Amounts payable within one year42/48 | €179,466 | €192,886 | €144,172 | €7,672 | €2,325 | ▼ 69.7% |
| Current portion of amounts payable after more than one year42 | - | €156,433 | €132,439 | - | - | - |
| Trade debts44 | €25,975 | €25,000 | €4,232 | €172 | €145 | ▼ 15.4% |
| Suppliers440/4 | - | €25,000 | €4,232 | €172 | €145 | ▼ 15.4% |
| Taxes, remuneration and social security45 | - | €3,953 | - | - | €2,180 | - |
| Taxes450/3 | - | €3,953 | - | - | €2,180 | - |
| Other amounts payable47/48 | - | €7,500 | €7,500 | €7,500 | - | - |
| Accrued charges and deferred income492/3 | - | €868 | - | - | €37 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,782 | €7,599 | -€7,618 | -€31,513 | €44,885 | ▲ 242% |
| Operating cash flow (approximation) | €7,782 | €7,599 | -€7,618 | -€31,513 | €44,885 | ▲ 242% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €13,908 | -€15,961 | -€693 | €22,952 | ▲ 3,414% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 10 days late
2025
30-06
Financial
Back to profitnet €44,885
Net result €44,885 after 2 loss-making years.
30-06
Financial
Liquidity triplescurrent ratio 233.20
Current ratio from 70.51 to 233.20; short-term debt falls from €7,672 to €2,325.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
30-06
Financial
Weakest financial yearnet -€31,513
Net result drops to -€31,513, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 14current ratio 70.51
Current ratio from 4.92 to 70.51; short-term debt falls from €144,172 to €7,672.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
10-10
State Gazette act
General meeting · Merger
Accounting effect · Capital
12-05
State Gazette act
Merger · Capital
Accounting effect · Shareholding
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 23 days late
2021
30-06
Financial
Liquidity doublescurrent ratio 5.27
Current ratio from 2.60 to 5.27; short-term debt falls from €571,339 to €179,466.
Show earlier events
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
State Gazette act
General meeting · Director reappointment
Permanent representative · Power of attorney
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2013
27-03
State Gazette act
Merger · Accounting effect
Name change · Capital
2011
05-07
State Gazette act
General meeting · Director appointment
Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Herstal · 1 establishment unit since 2010
Ground area
1.3 ha
Building footprint
7,710 m²
Parcel 62312B0024/00N007, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SEM MANAGEMENT
since 20102.375.529.604
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0024/00N007 | Wallonia | 1.3 ha | 1 · 7,710 m² | - |
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.
Structure & network
Owners and holdings
1 owner · 1 holding · 2 subsidiaries in the treeChain of control
- CARABI
- GROUPE MECA
- SEM MANAGEMENT
Highest known parent: CARABI. The sources do not say who stands above it.
Owners 1
- GROUPE MECAparent99%
Holdings 1
-
99%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
MECASPRING 99%1 subsidiary
- LEJEUNE P. ATS 100%
According to the annual accounts to 30-06-2025 of SEM MANAGEMENT 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
The group is listed under Ownership & control below; here you explore it as a network.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 20,393 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-11-2010
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831293958
Also
9925:BE0831293958
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.