SEMAL
ActiveSEMAL has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €15k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 1303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▼-1
Solvency75▼-14
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.62 in 2024; short-term debt: 44% and cash: 29.9% of total assets), and 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
49.7%
Return on assets
11.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
55 d early
2023
30 d early
2022
16 d early
2021
23 d early
2020
31 d early
2019
66 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▼ 17.7%
2024 · €83k
2018: €109k
2019: €54k
2020: €64k
2021: €73k
2022: €80k
2023: €87k
2024: €83k
2018 → 2025
Total assets
€137k▲ 5.2%
2024 · €130k
2018: €109k
2019: €116k
2020: €106k
2021: €97k
2022: €130k
2023: €146k
2024: €130k
2018 → 2025
Net result
€15k▼ 1.6%
2024 · €16k
2018: €-37k
2019: €-54k
2020: €10k
2021: €8k
2022: €8k
2023: €22k
2024: €16k
2018 → 2025
Working capital
€17k▼ 9.1%
2024 · €19k
2018: €31k
2019: €-52k
2020: €-27k
2021: €-7k
2022: €-16
2023: €10k
2024: €19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€80k▲ 10.5%€87k▲ 8.7%€83k▼ 5.0%€68k▼ 17.7%
Operating result€10k-€8k▼ 16.0%€22k▲ 175%€18k▼ 21.7%€17k▼ 1.3%
Net result€8k-€8k▼ 8.4%€22k▲ 189%€16k▼ 28.8%€15k▼ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€60k▼ 26.4%
Current assets
€77k▲ 57.3%
Equity and liabilities €137k
Equity
€68k▼ 17.7%
Debt
€69k▲ 45.2%
The debt ratio rises from 36.4% to 50.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€48k▲
2024 · €48k
Cash flow
€46k▲
2024 · €46k
Solvency
49.7%▼
2024 · 63.6%
Current ratio
1.28▼
2024 · 1.62
Quick ratio
1.27▼
2024 · 1.60
Debt / equity
1.01▲
2024 · 0.57
ROE
22.6%▲
2024 · 18.9%
ROA
11.2%▼
2024 · 12.0%
Interest coverage
106.58▲
2024 · 72.14
Debt
€69k▲
2024 · €47k
Debt ≤ 1 year
€60k▲
2024 · €30k
Debt > 1 year
€9k▼
2024 · €17k
Income taxes
€2k▼
2024 · €2k
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€130k€137k▲
Fixed assets21/28€81k€60k▼
Tangible fixed assets22/27€81k€60k▼
Plant, machinery and equipment23€13k€14k▲
Furniture and vehicles24€38k€24k▼
Other tangible fixed assets26€29k€21k▼
Current assets29/58€49k€77k▲
Stocks and contracts in progress3€620€780▲
Stocks30/36€620€780▲
Amounts receivable within one year40/41€993€2k▲
Trade receivables40€317€285▼
Other amounts receivable41€676€2k▲
Current investments50/53-€30k
Cash at bank and in hand54/58€44k€41k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€130k€137k▲
Equity10/15€83k€68k▼
Contributions10/11€19k€19k=
Reserves13€64k€50k▼
Tax-exempt reserves132€1k€2k▲
Distributable reserves133€63k€48k▼
Amounts payable17/49€47k€69k▲
Amounts payable after more than one year17€17k€9k▼
Financial debts170/4€17k€9k▼
Amounts payable within one year42/48€30k€60k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Advances received on contracts in progress46€7k€4k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€800-
Other amounts payable47/48€10k€43k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€31k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€50k€50k▲
Operating profit (loss)9901€18k€17k▼
Financial income75/76B€345€75▼
Recurring financial income75€345€75▼
Financial charges65/66B€661€454▼
Recurring financial charges65€661€454▼
Profit (loss) for the period before taxes9903€17k€17k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€16k€15k▼
Transfer to tax-exempt reserves689€538€538=
Profit (loss) for the period to be appropriated9905€15k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€15k▼
Profit (loss) brought forward from the previous period14P€77-
Transfer from equity791/2€20k€30k▲
Transfer to equity691/2€15k€15k▼
To other reserves6921€15k€15k▼
Profit to be distributed694/7€20k€30k▲
Return on contributions (dividend)694€20k€30k▲
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €22k ▲189%
Operating result €22k, net result €22k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
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
5 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, Poperinge · 1 establishment unit since 1989
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.
Lindestraat 208972 PoperingeGround area
3,244 m²
Building footprint
388 m²
Volume, LiDAR
2,220 m³
Parcel 33024A0024/00E000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Het Oversteekhof
since 19892.044.744.855
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33024A0024/00E000 | Flanders | 3,244 m² | 1 · 388 m² | 8.5 m · 2 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.
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Of 1,858 companies in sector 55204 we hold annual accounts for 450. 350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-1989
Fiscal year end31-12
Activities, NACEBEL
55204Guest rooms (bed and breakfast)
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:000000000097