SEMAFOOR
ActiveSEMAFOOR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211k and a net result of €-39k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 1978 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-73
Solvency90▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.34 in 2024; short-term debt: 35.1% and cash: 2.7% of total assets), and 35.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
23 d early
2023
26 d early
2022
28 d early
2021
30 d early
2020
29 d early
2019
23 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€211k▼ 15.6%
2024 · €250k
2018: €184k
2019: €120k
2020: €171k
2021: €183k
2022: €176k
2023: €225k
2024: €250k
2018 → 2025
Total assets
€326k▼ 11.3%
2024 · €367k
2018: €463k
2019: €431k
2020: €419k
2021: €414k
2022: €393k
2023: €391k
2024: €367k
2018 → 2025
Net result
€-39k
2024 · €25k
2018: €919
2019: €-64k
2020: €51k
2021: €13k
2022: €-8k
2023: €50k
2024: €25k
2018 → 2025
Working capital
€-101k▼ 31.2%
2024 · €-77k
2018: €-264k
2019: €-305k
2020: €-227k
2021: €-222k
2022: €-196k
2023: €-131k
2024: €-77k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€183k-€176k▼ 4.2%€225k▲ 28.3%€250k▲ 11.2%€211k▼ 15.6%
Operating result€13k-€-7k€50k€32k▼ 35.6%€-38k
Net result€13k-€-8k€50k€25k▼ 49.0%€-39k
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 €38k after €32k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326k
Fixed assets
€312k▼ 4.6%
Current assets
€14k▼ 65.9%
Equity and liabilities €326k
Equity
€211k▼ 15.6%
Debt
€114k▼ 2.1%
The debt ratio rises from 31.8% to 35.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-18k▼
2024 · €63k
Cash flow
€-18k▼
2024 · €56k
Solvency
64.9%▼
2024 · 68.2%
Current ratio
0.12▼
2024 · 0.34
Quick ratio
0.12▼
2024 · 0.34
Debt / equity
0.54▲
2024 · 0.47
ROE
-18.4%▼
2024 · 10.1%
ROA
-12.0%▼
2024 · 6.9%
Interest coverage
-125.24▼
2024 · 466.13
Debt
€114k▼
2024 · €117k
Debt ≤ 1 year
€114k▼
2024 · €117k
Income taxes
€443▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€367k€326k▼
Fixed assets21/28€327k€312k▼
Tangible fixed assets22/27€326k€311k▼
Land and buildings22€280k€274k▼
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€20k€9k▼
Other tangible fixed assets26€21k€21k=
Financial fixed assets28€1k€1k=
Current assets29/58€40k€14k▼
Amounts receivable within one year40/41€10k€4k▼
Trade receivables40€1k€2k▲
Other amounts receivable41€9k€2k▼
Cash at bank and in hand54/58€30k€9k▼
Deferred charges and accrued income490/1€569€610▲
Equity and liabilities
Total equity and liabilities10/49€367k€326k▼
Equity10/15€250k€211k▼
Contributions10/11€19k€19k=
Reserves13€235k€235k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€231k€231k=
Profit (loss) carried forward14€-3k€-42k▼
Amounts payable17/49€117k€114k▼
Amounts payable within one year42/48€117k€114k▼
Trade debts44€123€597▲
Suppliers440/4€123€597▲
Taxes, remuneration and social security45€7k€443▼
Taxes450/3€7k€443▼
Other amounts payable47/48€110k€113k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€21k▼
Other operating charges640/8€6k€5k▼
Gross operating margin9900€69k€-12k▼
Operating profit (loss)9901€32k€-38k▼
Financial income75/76B€10€9▼
Recurring financial income75€10€9▼
Financial charges65/66B€135€140▲
Recurring financial charges65€135€140▲
Profit (loss) for the period before taxes9903€32k€-39k▼
Income taxes67/77€7k€443▼
Profit (loss) for the period9904€25k€-39k▼
Profit (loss) for the period to be appropriated9905€25k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-42k▼
Profit (loss) brought forward from the previous period14P€-28k€-3k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Equity above €200kEq €225k ▲28.3%
Equity rises from €176k to €225k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Equity above €150kEq €171k ▲42.3%
Equity rises from €120k to €171k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-64k ▼7048%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pottenbrug 32000 AntwerpenGround area
1,923 m²
Building footprint
1,006 m²
Volume, LiDAR
18,188 m³
Parcel 11002A0818/00M000, Flanders · tallest building 21.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SEMAFOOR
since 19952.073.121.513
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A0818/00M000 | Flanders | 1,923 m² | 1 · 1,006 m² | 21.5 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
The Production Office
BE 0457.330.650
Aarschot · Eq €211k
4EARS
BE 0822.209.315
Affligem · Eq €210k
THE IMAGE & SOUND FACTORY
BE 0871.240.340
Dendermonde · Eq €213k
ACTIVE AUDIO
BE 0466.142.111
Sombreffe · Eq €209k
Les Festivals de Wallonie
BE 0408.399.395
Charleroi · Eq €208k
Of 3,396 companies in sector 90393 we hold annual accounts for 939. 717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-1995
Fiscal year end31-12
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
92313
80423
85591Education
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.