SEMATRON
ActiveSummary
SEMATRON has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€26,408) and a net result of -€28,528. Its solvency ranks better than 16% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-07-2024 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 5 others
- Establishment unit
- 2.361.967.420 2861 Sint-Katelijne-Waver, since 23-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 17-06-2025
Board and ownership
Board
- SERNEELS,Maarten Rosa JeroenDirector
- SERNEELS,MathiasDirector
Shareholders
- SERNEELS,Mathias60 sharesact of 25-07-2024
- SERNEELS,Maarten Rosa Jeroen60 sharesact of 25-07-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Gross margin
- €1,866
- Turnover
- ≈ €6,500
- estimated
- Loss
- €28,528
- Equity
- -€26,408
- Total assets
- €553,436
- Negative equity on 31-12-2025
- 2025 accounts filed 27 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€26,408Liquidity: current ratio 0.27, cash €5,197lowers riskSize: total assets €553,436Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 29% of micro companies in real estate (NACE 68)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency
20
equity -4.8% of total assets
Liquidity
51
short-term debt 6.3% · cash 0.9%
Profitability
12
return on assets -5.2%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 0.7%
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.8%▲ +0.1 percentage points vs 11-2025
01-2026: 0.9%▲ +0.1 percentage points vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 1.0%▲ +0.1 percentage points vs 02-2026
04-2026: 0.9%▼ -0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026highest value
09-2026: 0.6%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.27, below 1. Short-term debt is 6.3% and cash 0.9% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 16% of them on solvency, 56% on liquidity and 15% on profitability.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
27 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00433796.
Annual accounts 2025 filed on 27-08-2026 at the NBB
Turnover
≈ €6,500
Estimated: probably between €2,500 and €15,000
Total assets
€553,436
Net result
-€28,528
Working capital
-€25,376
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €552,596
Fixed assets
€543,124
Current assets
€9,472
Equity and liabilities
Equity-€26,408
Debt€579,844
Equity is negative. Debt (€579,844) exceeds the balance-sheet total (€553,436).
Key figures and ratios
EBITDA
€134
Cash flow
-€14,357
Solvency
-4.8%
Current ratio
0.27
ROA
-5.2%
Interest coverage
0.01
Debt
€579,844
Debt ≤ 1 year
€34,849
Debt > 1 year
€543,837
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €556,961 |
| Depreciation and write-downs of the year | €14,171 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,171 |
| Other operating charges640/8 | €1,732 |
| Gross operating margin9900 | €1,866 |
| Operating profit (loss)9901 | -€14,037 |
| Financial charges65/66B | €14,491 |
| Recurring financial charges65 | €14,491 |
| Profit (loss) for the period before taxes9903 | -€28,528 |
| Profit (loss) for the period9904 | -€28,528 |
| Profit (loss) for the period to be appropriated9905 | -€28,528 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €553,436 | |
| Formation expenses20 | €840 | |
| Fixed assets21/28 | €543,124 | |
| Tangible fixed assets22/27 | €543,124 | |
| Land and buildings22 | €543,124 | |
| Current assets29/58 | €9,472 | |
| Amounts receivable within one year40/41 | €4,275 | |
| Trade receivables40 | €4,275 | |
| Cash at bank and in hand54/58 | €5,197 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €553,436 | |
| Equity10/15 | -€26,408 | |
| Contributions10/11 | €2,120 | |
| Profit (loss) carried forward14 | -€28,528 | |
| Amounts payable17/49 | €579,844 | |
| Amounts payable after more than one year17 | €543,837 | |
| Financial debts170/4 | €543,837 | |
| Amounts payable within one year42/48 | €34,849 | |
| Current portion of amounts payable after more than one year42 | €22,274 | |
| Trade debts44 | €7,464 | |
| Suppliers440/4 | €7,464 | |
| Taxes, remuneration and social security45 | €1,761 | |
| Taxes450/3 | €1,761 | |
| Other amounts payable47/48 | €3,350 | |
| Accrued charges and deferred income492/3 | €1,159 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€28,528 |
| + Depreciation and write-downs630 | €14,171 |
| Operating cash flow (approximation) | -€14,357 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as SEMATRON has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
96.6%
was still going
2.1%
stopped otherwise
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEMATRON itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for SEMATRON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00433796 |
Board & ownership
Directors
Directors
2 directors, since incorporation
SERNEELS,Maarten Rosa Jeroen
Current
Director · appointed in the act of 25-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 27-08-2026
SERNEELS,Mathias
Current
Director · appointed in the act of 25-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 27-08-2026
Owners and capital
Shareholders
At incorporation
act of 25-07-2024 ↗
- SERNEELS,Mathias 60 shares (50%) · €1,060 in cash
- SERNEELS,Maarten Rosa Jeroen 60 shares (50%) · €1,060 in cash
Capital transactions
Capital over time
- 25-07-2024 Incorporation · €2,120 · 120 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| SERNEELS,Maarten Rosa Jeroen |
|
| SERNEELS,Mathias |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Tenminste helft leden aanwezig of vertegenwoordigd behalve overmacht, nieuwe vergadering beslist geldig over punten dagorde vorige indien…”“Besluiten college kunnen bij eenparig schriftelijk akkoord zonder fysieke vergadering”“Door_AV_bepaald_aantal_duur_bevoegdheid, gewone meerderheid”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 120 shares
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vennootschap kan op elk moment ontbonden worden door beslissing algemene vergadering met inachtneming vereisten voor statutenwijziging…”
Articles of association, deed of 25-07-2024 (in Dutch)
Network & group
SEMATRON shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of SEMATRON. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2026
27-08
micro format · 27 days late
2024
25-07
Gazette deed
IncorporationFounding capital of €2,120, 120 shares · Founders: SERNEELS,Mathias; SERNEELS,Maarten Rosa Jeroen · Appointments: SERNEELS,Mathias (director) and SERNEELS,Maarten Rosa Jeroen (director)5 points ▸
Gazette deed
Incorporation
Founding capital of €2,120, 120 shares · Founders: SERNEELS,Mathias; SERNEELS,Maarten Rosa Jeroen · Appointments: SERNEELS,Mathias (director) and SERNEELS,Maarten Rosa Jeroen (director)5 points ▸
- Founder, SERNEELS,Mathias
- Founder, SERNEELS,Maarten Rosa Jeroen
- Founding capital, €2,120, 120 shares
- Director appointment, SERNEELS,Mathias (director)
- Director appointment, SERNEELS,Maarten Rosa Jeroen (director)
- The act holds 5 more points.
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordName
SEMATRON in Dutch
Enterprise number
1011.839.167
Legal form
Private limited company
Status
Active, normale toestand
Founded
23-07-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-07-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 25-07-2024 (in Dutch)Registered office and establishments
Registered office
Berlaarbaan 190, 2861 Sint-Katelijne-Waver, Belgium
Establishment unit
SEMATRON, Berlaarbaan 190, 2861 Sint-Katelijne-Waver since 23-07-2024 · unit number 2.361.967.420
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
46180
Agents specialised in the wholesale of other particular products
52100
Warehousing and storage
70200
Business and other management consultancy
77110
Renting and leasing of cars and light motor vehicles
82300
Organisation of conventions and trade shows
Codes under NACEBEL 2008
68203
Real estate rental main activity
45112
52100
Warehousing and support activities for transportation
70220
Business consulting
77110
Renting of cars
82300
Organisation of conventions and trade shows
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 25-07-2024 (in Dutch)
“Uitsluitend voor eigen rekening en in eigen naam:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle…”
10 activities
- Uitsluitend voor eigen rekening en in eigen naam:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle ver-richtin-gen(al dan niet onder het stelsel van de BTW)met betrekking tot onroe-rende goederen en onroerende zakelijke rech-ten(vruchtgebruik,opstal,erfpacht enzovoort),zoals de aan-en verkoop,de sloop,de bouw,de verbouwing,de energetische renovatie,de binnenhuisinrich-ting en decoratie,de huur-en ver-huur,de onroerende leasing(zowel als leasinggever als leasingnemer),de rui-l,de verkave-ling en,in het alge-meen,alle ver-richtin-gen die recht-streeks of on-recht-s-treeks be-trek-king hebben op het beheer of op het produc-tief maken en valoriseren,van onroe-rende goederen of onroerende zake-lijke rech-ten.
- Verhuur allerhande materialen.
- De groot-en detailhandel in en het onderhoud en de reparatie van motorvoertuigen en motorfietsen.
- Organisatie van evenementen.
- Het verwer-ven,aanhouden,beheren,valoriseren en te gelde maken van participaties,in eender welke vorm,in alle bestaande of op te richten,ven-nootschap-pen of-onder-nemin-gen;het stimuleren,de planning en coördi-natie van de ontwik-keling van de ven-nootschappen en onder-nemingen,waarin ze een participatie aanhoudt;het deelne-men aan hun beheer,bestuur,vereffening,en toezicht alsmede het verlenen van technische,administra-tieve,organisatorische en financiële bij-stand en advies aan deze vennootschap-pen en ondernemin-gen;het verstrekken van voorschotten,kredieten en leningen aan ondernemingen waarin ze een participatie aanhoudt.
- Uitsluitend voor eigen rekening en in eigen naam:het aangaan van leningen,kredieten,financieringen,leasingcontracten en contracten van financiële renting.
- Uitsluitend voor eigen rekening en in eigen naam:het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en ver-koop,de huur-en verhuur,de ruil;in het bijzon-der het beheer en de valo-risa-tie van alle verhan-delbare waar-depapie-ren,aande-len,effecten,obliga-ties,inschrijvingsrechten,staatsfondsen.
- De vennootschap mag bij wijze van inbreng in speciën of in natura,van fusie,splitsing,inbreng van bedrijfstak of algemeenheid van goederen,inschrij-ving,deelneming,financiële tussenkomst of op een andere wijze,een aandeel nemen in,samenwerken met,joint-ventures of associaties aangaan met alle bestaan-de of op te richten vennoot-schappen of ondernemingen,waarvan het voorwerp identiek,gelijk-aardig of verwant is met het hare,of van aard is de uitoefe-ning van haar eigen voorwerp verder te bevorde-ren en/of te ontwikkelen of haar omzet en haar inkomstenstroom te vergroten.
- De vennootschap kan in het algemeen de functies van bestuurder,zaakvoerder of vereffenaar uitoefenen in andere vennootschappen,ondernemingen,verenigingen of instellingen.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
Invoicing and payment
VAT number
BE 1011.839.167
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 19:00
deed of 25-07-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,081 m²
Building footprint
158 m²
Building volume
810 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12027E0073/00M002 | Flanders | 1,081 m² | 1 · 158 m² | 6.4 m · 2 |