SEMACO PM
ActiveSummary
SEMACO PM has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €115k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 47% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+44
Solvency69▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.9 in 2024; short-term debt: 43.4% and cash: 8.7% of total assets), but 55.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 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 →
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
44.4%
Return on assets
19.9%
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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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 · 10 filingsDeviation from the deadline
2025
3 d late
2024
29 d early
2023
41 d early
2022
18 d early
2021
31 d late
2020
97 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
History
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€115k▼ 31.4%
2024 · €167k
Working capital
€219k▼ 25.5%
2024 · €294k
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
Operating result€131k▲ 94.9%€117k▼ 10.3%€18k▼ 84.6%€-48k€164k
Net result€93k▲ 129%€74k▼ 20.5%€8k▼ 88.9%€167k▲ 1,946%€115k▼ 31.4%
Equity€283k▼ 9.0%€274k▼ 3.2%€282k▲ 3.0%€299k▲ 6.1%€256k▼ 14.6%
Total assets€596k▼ 23.0%€768k▲ 28.9%€708k▼ 7.8%€627k▼ 11.4%€576k▼ 8.2%
Debt€313k▼ 32.5%€494k▲ 57.9%€426k▼ 13.8%€328k▼ 23.0%€320k▼ 2.3%
Working capital€278k▼ 9.0%€424k▲ 52.9%€282k▼ 33.4%€294k▲ 4.2%€219k▼ 25.5%
Staff (FTE)3.5▼ 5.4%3.7▲ 5.7%4.3▲ 16.2%4▼ 7.0%5.3▲ 32.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €164k after a loss of €48k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €576k
Fixed assets
€107k ▲ 2,050%
Current assets
€469k ▼ 24.6%
Equity and liabilities €576k
Equity
€256k ▼ 14.6%
Debt
€320k ▼ 2.3%
Debt's share of the balance-sheet total rises from 52.3% to 55.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€178k▲
2024 · €-45k
Cash flow
€129k▼
2024 · €170k
Current ratio
1.88▼
2024 · 1.90
Debt to equity
1.25▲
2024 · 1.10
ROE
44.9%▼
2024 · 55.9%
ROA
19.9%▼
2024 · 26.7%
Interest coverage
64.13▲
2024 · -3.02
Debt ≤ 1 year
€250k▼
2024 · €328k
Debt > 1 year
€69k
Income taxes
€47k▲
2024 · €1k
Staff costs
€416k▲
2024 · €327k
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 | €242k | €263k | €361k | €327k | €416k | ▲ 27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €3k | €14k | ▲ 391% |
| Other operating charges640/8 | €5k | €2k | €3k | €2k | €5k | ▲ 153% |
| Gross operating margin9900 | €379k | €385k | €385k | €284k | €600k | ▲ 111% |
| Operating profit (loss)9901 | €131k | €117k | €18k | €-48k | €164k | ▲ 445% |
| Financial income75/76B | €2 | €0 | €12k | €231k | €0 | ▼ 100.0% |
| Recurring financial income75 | €2 | €0 | €12k | €231k | €0 | ▼ 100.0% |
| Financial charges65/66B | €465 | €8k | €9k | €15k | €3k | ▼ 81.3% |
| Recurring financial charges65 | €465 | €8k | €9k | €15k | €3k | ▼ 81.3% |
| Non-recurring financial charges66B | - | - | - | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €130k | €109k | €21k | €169k | €161k | ▼ 4.3% |
| Income taxes67/77 | €38k | €36k | €13k | €1k | €47k | ▲ 3,163% |
| Profit (loss) for the period9904 | €93k | €74k | €8k | €167k | €115k | ▼ 31.4% |
| Profit (loss) for the period to be appropriated9905 | €93k | €74k | €8k | €167k | €115k | ▼ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €596k | €768k | €708k | €627k | €576k | ▼ 8.2% |
| Fixed assets21/28 | €5k | €7k | €7k | €5k | €107k | ▲ 2,050% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €5k | €6k | €6k | €4k | €106k | ▲ 2,280% |
| Plant, machinery and equipment23 | - | €2k | €1k | €2k | €1k | ▼ 36.6% |
| Furniture and vehicles24 | €5k | €4k | €5k | €2k | €105k | ▲ 4,344% |
| Leasing and similar rights25 | - | - | €0 | - | - | - |
| Financial fixed assets28 | - | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €590k | €761k | €701k | €622k | €469k | ▼ 24.6% |
| Amounts receivable after more than one year29 | - | €300k | €167k | €17k | €17k | = |
| Other amounts receivable291 | - | €300k | €167k | €17k | €17k | = |
| Amounts receivable within one year40/41 | €449k | €308k | €408k | €487k | €388k | ▼ 20.5% |
| Trade receivables40 | €389k | €249k | €348k | €235k | €308k | ▲ 31.1% |
| Other amounts receivable41 | €59k | €60k | €60k | €253k | €80k | ▼ 68.3% |
| Current investments50/53 | €124 | €124 | €124 | €124 | €124 | = |
| Cash at bank and in hand54/58 | €114k | €130k | €93k | €92k | €50k | ▼ 45.4% |
| Deferred charges and accrued income490/1 | €27k | €23k | €33k | €26k | €15k | ▼ 44.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €596k | €768k | €708k | €627k | €576k | ▼ 8.2% |
| Equity10/15 | €283k | €274k | €282k | €299k | €256k | ▼ 14.6% |
| Contributions10/11 | €157k | €157k | €157k | €157k | €157k | = |
| Reserves13 | €96k | €96k | €96k | €96k | €96k | = |
| Non-distributable reserves130/1 | €6k | €6k | €0 | - | - | - |
| Reserves not available under the articles1311 | €6k | €6k | €0 | - | - | - |
| Tax-exempt reserves132 | €10k | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | €80k | €80k | €86k | €86k | €86k | = |
| Profit (loss) carried forward14 | €30k | €21k | €30k | €47k | €3k | ▼ 92.9% |
| Amounts payable17/49 | €313k | €494k | €426k | €328k | €320k | ▼ 2.3% |
| Amounts payable after more than one year17 | - | €150k | €0 | - | €69k | - |
| Financial debts170/4 | - | €150k | €0 | - | €69k | - |
| Amounts payable within one year42/48 | €313k | €337k | €418k | €328k | €250k | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €17k | - |
| Trade debts44 | €123k | €89k | €151k | €123k | €46k | ▼ 62.6% |
| Suppliers440/4 | €123k | €89k | €151k | €123k | €46k | ▼ 62.6% |
| Taxes, remuneration and social security45 | €68k | €62k | €116k | €54k | €64k | ▲ 18.5% |
| Taxes450/3 | €44k | €23k | €57k | €15k | €21k | ▲ 33.4% |
| Remuneration and social security454/9 | €24k | €38k | €59k | €39k | €44k | ▲ 12.5% |
| Other amounts payable47/48 | €122k | €186k | €151k | €151k | €123k | ▼ 18.7% |
| Accrued charges and deferred income492/3 | - | €7k | €7k | €0 | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €93k | €74k | €8k | €167k | €115k | ▼ 31.4% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €3k | €14k | ▲ 391% |
| Operating cash flow (approximation) | €95k | €76k | €11k | €170k | €129k | ▼ 24.3% |
| Investment in fixed assets (approximation) | - | €-4k | €-3k | €-1k | €-116k | ▼ 10,771% |
| Change in cash | - | €15k | €-37k | €-2k | €-42k | ▼ 2,463% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €167k ▲1,946%
Net result €167k, the highest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €8k ▼88.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 97 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 6 days late
2019
31-12
Financial
Equity above €200kEq €291k ▲65.9%
2 profitable years in a row build equity to €291k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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 2009
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
SEMACO PM
since 20092.178.885.957
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.
Similar companies · same sector, comparable size
Dr. Green
BE 0635.740.473
Hasselt · Eq €255,516
COLSON CONSULTING
BE 0875.467.659
Antwerpen · Eq €255,097
SINN-Engineering
BE 0794.635.678
Antwerpen · Eq €256,153
GOLDFIRE
BE 0862.631.490
Vorst · Eq €254,932
Lloyd’s Register Maritiem België
BE 0769.969.766
Antwerpen · Eq €256,186
Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,993 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
Founded18-06-2009
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71113Urban planning and landscape architecture
Scores and ratios are computed by Checked and are not a credit decision.