SEMACO GD
ActiveSummary
SEMACO GD has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.72M and a net result of €110k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 3.52 in 2024; short-term debt: 10.2% and cash: 0.5% of total assets), and 20.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
79.2%
Return on assets
3.2%
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 06-08-2026, 6 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
6 d late
2024
28 d late
2023
19 d late
2022
31 d late
2021
31 d late
2020
94 d late
2019
6 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, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€110k▼ 26.5%
2024 · €149k
2018: €87k
2019: €441k▲ +408% vs 2018
2020: €167k▼ -62.2% vs 2019
2021: €-21k▼ -112% vs 2020lowest in 8 years
2022: €37k▲ +281% vs 2021
2023: €616k▲ +1558% vs 2022highest in 8 years
2024: €149k▼ -75.8% vs 2023
2025: €110k▼ -26.5% vs 2024
2018 → 2025
Working capital
€891k▲ 11.2%
2024 · €802k
2018: €161k
2019: €408k▲ +154% vs 2018
2020: €76k▼ -81.3% vs 2019
2021: €-1k▼ -101% vs 2020lowest in 8 years
2022: €65k▲ +5904% vs 2021
2023: €723k▲ +1006% vs 2022
2024: €802k▲ +10.9% vs 2023
2025: €891k▲ +11.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.23M-€2.27M▲ 1.5%€2.68M▲ 18.4%€2.73M▲ 1.8%€2.72M▼ 0.6%
2021: €2.23Mlowest in 5 years
2022: €2.27M▲ +1.5% vs 2021
2023: €2.68M▲ +18.4% vs 2022
2024: €2.73M▲ +1.8% vs 2023highest in 5 years
2025: €2.72M▼ -0.6% vs 2024
Operating result€-11k-€-55k▼ 396%€793€-46k€-36k▲ 22.7%
2021: €-11k
2022: €-55k▼ -396% vs 2021lowest in 5 years
2023: €793▲ +101% vs 2022highest in 5 years
2024: €-46k▼ -5896% vs 2023
2025: €-36k▲ +22.7% vs 2024
Net result€-21k-€37k€616k▲ 1,558%€149k▼ 75.8%€110k▼ 26.5%
2021: €-21klowest in 5 years
2022: €37k▲ +281% vs 2021
2023: €616k▲ +1558% vs 2022highest in 5 years
2024: €149k▼ -75.8% vs 2023
2025: €110k▼ -26.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2025 against €46k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.43M
Fixed assets
€2.19M ▼ 6.3%
Current assets
€1.24M ▲ 10.8%
Equity and liabilities €3.43M
Equity
€2.72M ▼ 0.6%
Debt
€715k ▼ 1.3%
Debt's share of the balance-sheet total falls from 20.9% to 20.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45k▲
2024 · €35k
Cash flow
€190k▼
2024 · €230k
Current ratio
3.55▲
2024 · 3.52
Debt to equity
0.26▼
2024 · 0.26
ROE
4.0%▼
2024 · 5.5%
ROA
3.2%▼
2024 · 4.3%
Interest coverage
3.96▲
2024 · 3.96
Debt ≤ 1 year
€350k▲
2024 · €318k
Debt > 1 year
€365k▼
2024 · €405k
Income taxes
€2k▲
2024 · €1k
Staff costs
€60k▼
2024 · €67k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.46M€3.43M▼
Fixed assets21/28€2.34M€2.19M▼
Tangible fixed assets22/27€967k€895k▼
Land and buildings22€850k€797k▼
Plant, machinery and equipment23€88k€81k▼
Furniture and vehicles24€29k€17k▼
Financial fixed assets28€1.37M€1.29M▼
Current assets29/58€1.12M€1.24M▲
Amounts receivable after more than one year29€1k€1k▲
Other amounts receivable291€1k€1k▲
Amounts receivable within one year40/41€1.05M€1.20M▲
Trade receivables40€292k€301k▲
Other amounts receivable41€760k€895k▲
Cash at bank and in hand54/58€8k€18k▲
Deferred charges and accrued income490/1€58k€26k▼
Equity and liabilities
Total equity and liabilities10/49€3.46M€3.43M▼
Equity10/15€2.73M€2.72M▼
Contributions10/11€1.01M€1.01M=
Reserves13€71k€71k=
Distributable reserves133€71k€71k=
Profit (loss) carried forward14€1.66M€1.64M▼
Amounts payable17/49€724k€715k▼
Amounts payable after more than one year17€405k€365k▼
Financial debts170/4€405k€365k▼
Amounts payable within one year42/48€318k€350k▲
Current portion of amounts payable after more than one year42€40k€41k▲
Financial debts43€65k€120k▲
Credit institutions430/8€65k€120k▲
Trade debts44€75k€68k▼
Suppliers440/4€75k€68k▼
Taxes, remuneration and social security45€34k€22k▼
Taxes450/3€27k€14k▼
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€104k€100k▼
Income statement
Code20242025
Remuneration, social security and pensions62€67k€60k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€80k▼
Other operating charges640/8€11k€9k▼
Gross operating margin9900€113k€114k▲
Operating profit (loss)9901€-46k€-36k▲
Financial income75/76B€205k€158k▼
Recurring financial income75€205k€158k▼
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€150k€112k▼
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€149k€110k▼
Profit (loss) for the period to be appropriated9905€149k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.76M€1.77M▲
Profit (loss) brought forward from the previous period14P€1.61M€1.66M▲
Profit to be distributed694/7€100k€125k▲
Return on contributions (dividend)694€100k€125k▲
Social balance
Average headcount (FTE)90870.80.8=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €66k | €69k | €74k | €67k | €60k | ▼ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68k | €73k | €77k | €81k | €80k | ▼ 0.5% |
| Other operating charges640/8 | €4k | €5k | €6k | €11k | €9k | ▼ 23.4% |
| Non-recurring operating charges66A | - | €15k | - | - | - | - |
| Gross operating margin9900 | €127k | €107k | €157k | €113k | €114k | ▲ 0.4% |
| Operating profit (loss)9901 | €-11k | €-55k | €793 | €-46k | €-36k | ▲ 22.7% |
| Financial income75/76B | €18 | €105k | €630k | €205k | €158k | ▼ 22.8% |
| Recurring financial income75 | €18 | €105k | €630k | €205k | €158k | ▼ 22.8% |
| Financial charges65/66B | €10k | €10k | €12k | €9k | €11k | ▲ 28.7% |
| Recurring financial charges65 | €10k | €10k | €12k | €9k | €11k | ▲ 28.7% |
| Profit (loss) for the period before taxes9903 | €-21k | €39k | €618k | €150k | €112k | ▼ 25.8% |
| Income taxes67/77 | €-461 | €2k | €2k | €1k | €2k | ▲ 56.8% |
| Profit (loss) for the period9904 | €-21k | €37k | €616k | €149k | €110k | ▼ 26.5% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €37k | €616k | €149k | €110k | ▼ 26.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.01M | €3.15M | €3.31M | €3.46M | €3.43M | ▼ 0.7% |
| Fixed assets21/28 | €2.76M | €2.69M | €2.41M | €2.34M | €2.19M | ▼ 6.3% |
| Tangible fixed assets22/27 | €1.11M | €1.05M | €1.04M | €967k | €895k | ▼ 7.4% |
| Land and buildings22 | €936k | €905k | €885k | €850k | €797k | ▼ 6.3% |
| Plant, machinery and equipment23 | €121k | €107k | €103k | €88k | €81k | ▼ 8.1% |
| Furniture and vehicles24 | €49k | €38k | €52k | €29k | €17k | ▼ 39.8% |
| Financial fixed assets28 | €1.65M | €1.64M | €1.37M | €1.37M | €1.29M | ▼ 5.4% |
| Current assets29/58 | €253k | €464k | €905k | €1.12M | €1.24M | ▲ 10.8% |
| Amounts receivable after more than one year29 | €1k | €1k | €1k | €1k | €1k | ▲ 10.2% |
| Other amounts receivable291 | €1k | €1k | €1k | €1k | €1k | ▲ 10.2% |
| Amounts receivable within one year40/41 | €114k | €382k | €811k | €1.05M | €1.20M | ▲ 13.6% |
| Trade receivables40 | €74k | €93k | €199k | €292k | €301k | ▲ 2.8% |
| Other amounts receivable41 | €40k | €289k | €613k | €760k | €895k | ▲ 17.8% |
| Cash at bank and in hand54/58 | €138k | €74k | €71k | €8k | €18k | ▲ 129% |
| Deferred charges and accrued income490/1 | €365 | €6k | €22k | €58k | €26k | ▼ 55.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.01M | €3.15M | €3.31M | €3.46M | €3.43M | ▼ 0.7% |
| Equity10/15 | €2.23M | €2.27M | €2.68M | €2.73M | €2.72M | ▼ 0.6% |
| Contributions10/11 | €1.01M | €1.01M | €1.01M | €1.01M | €1.01M | = |
| Reserves13 | €71k | €71k | €71k | €71k | €71k | = |
| Non-distributable reserves130/1 | €71k | €71k | €0 | - | - | - |
| Reserves not available under the articles1311 | €71k | €71k | €0 | - | - | - |
| Distributable reserves133 | - | - | €71k | €71k | €71k | = |
| Profit (loss) carried forward14 | €1.16M | €1.19M | €1.61M | €1.66M | €1.64M | ▼ 0.9% |
| Amounts payable17/49 | €779k | €884k | €628k | €724k | €715k | ▼ 1.3% |
| Amounts payable after more than one year17 | €525k | €485k | €446k | €405k | €365k | ▼ 10.1% |
| Financial debts170/4 | €525k | €485k | €446k | €405k | €365k | ▼ 10.1% |
| Amounts payable within one year42/48 | €255k | €399k | €182k | €318k | €350k | ▲ 9.9% |
| Current portion of amounts payable after more than one year42 | €39k | €39k | €40k | €40k | €41k | ▲ 1.3% |
| Financial debts43 | €0 | €150k | €0 | €65k | €120k | ▲ 84.6% |
| Credit institutions430/8 | €0 | €150k | €0 | €65k | €120k | ▲ 84.6% |
| Trade debts44 | €42k | €48k | €94k | €75k | €68k | ▼ 9.7% |
| Suppliers440/4 | €42k | €48k | €94k | €75k | €68k | ▼ 9.7% |
| Taxes, remuneration and social security45 | €34k | €18k | €27k | €34k | €22k | ▼ 36.8% |
| Taxes450/3 | €25k | €9k | €18k | €27k | €14k | ▼ 48.7% |
| Remuneration and social security454/9 | €9k | €9k | €9k | €7k | €8k | ▲ 6.3% |
| Other amounts payable47/48 | €140k | €144k | €22k | €104k | €100k | ▼ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €37k | €616k | €149k | €110k | ▼ 26.5% |
| + Depreciation and write-downs630 | €68k | €73k | €77k | €81k | €80k | ▼ 0.5% |
| Operating cash flow (approximation) | €47k | €111k | €693k | €230k | €190k | ▼ 17.4% |
| Investment in fixed assets (approximation) | - | €-1k | €204k | €-11k | €66k | ▲ 724% |
| Change in cash | - | €-64k | €-3k | €-63k | €10k | ▲ 117% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €616k ▲1,558%
Net result €616k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 4.96
Current ratio from 1.16 to 4.96; short-term debt falls from €399k to €182k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 94 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
31-12
Financial
Equity above €2MEq €2.09M ▲26.7%
2 profitable years in a row build equity to €2.09M.
Show earlier events
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Liège · 1 establishment unit since 2010
Ground area
203 m²
Building footprint
239 m²
Volume, LiDAR
1,719 m³
Parcel 62002C0490/00G002, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Route du Condroz 127, 4031 Liège
since 20102.188.142.529
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002C0490/00G002 | Wallonia | 203 m² | 1 · 239 m² | 10.1 m · 2 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 24,497 companies in sector 82990 we hold annual accounts for 9,406. 2,722 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
Founded12-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.