Semax Holding
ActiveSummary
Semax Holding has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €199,122. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 8871 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
#2 oldest company in Zuienkerke, Professional and technical services sector1 site
How big
€2.1mtotal assets 2025
- Equity
- €2.1m
- Profit
- €199,122
Turnover not published (abridged schema)
Who decides
- Holdings
- 1
Accounts 101 d early0 of 7 deeds read
Why 83+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 71.43; short-term debt: 0.5% and cash: 14.4% of total assets), and 0.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
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
99.5%
Return on assets
9.4%
Age of the figures
9 mo
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 21-04-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
129 d early
2023
120 d early
2022
52 d early
2021
108 d early
2020
53 d early
2019
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 88 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 14 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Liquidity times 7current ratio 251.91
Financials
Fiscal year 2025Total assets €2.1mProfit €199,122Solvency 99.5%Liquidity 71.43
Total assets
€2.1m▲ 3.1%
2018 - 2025
Net result
€199,122▼ 15.7%
2018 - 2025
Equity
€2.1m▲ 2.7%
2018 - 2025
Solvency
99.5%▼ 0.4pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Zuienkerke, Professional and technical services sector#4 company by equity in Zuienkerke, Professional and technical services sector#6 company by total assets in Zuienkerke, Professional and technical services sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.02m▼ 0.3%€0.02m▼ 18.0%€0.02m▲ 21.9%€0.02m▼ 1.5%€0.02m▼ 0.4%
Net result€0.2mabove the sector's middle half▲ 49.9%€0.3mabove the sector's middle half▲ 15.9%€0.2mabove the sector's middle half▼ 22.7%€0.2mabove the sector's middle half▲ 22.0%€0.2mabove the sector's middle half▼ 15.7%
Equity€1.8mabove the sector's middle half▲ 13.6%€1.8mabove the sector's middle half▼ 2.7%€2.0mabove the sector's middle half▲ 11.0%€2.0mabove the sector's middle half▲ 4.8%€2.1mabove the sector's middle half▲ 2.7%
Total assets€1.8mwithin the sector's middle half▲ 12.4%€2.0mwithin the sector's middle half▲ 10.9%€2.0mwithin the sector's middle half▼ 2.3%€2.1mwithin the sector's middle half▲ 3.5%€2.1mwithin the sector's middle half▲ 3.1%
Debt€0.02m▼ 45.1%€0.3m▲ 1,434%€0.03m▼ 90.1%€0.003m▼ 88.6%€0.01m▲ 283%
Working capital€0.5mabove the sector's middle half▲ 72.9%€0.5mabove the sector's middle half▼ 9.1%€0.7mabove the sector's middle half▲ 42.8%€0.8mabove the sector's middle half▲ 13.1%€0.8mabove the sector's middle half▲ 7.4%
Solvency99.0%above the sector's middle half▲ 1.0pp86.8%above the sector's middle half▼ 12.2pp98.7%above the sector's middle half▲ 11.8pp99.9%above the sector's middle half▲ 1.2pp99.5%above the sector's middle half▼ 0.4pp
Current ratio30.51above the sector's middle half▲ 20.152.75within the sector's middle half▼ 27.7633.78above the sector's middle half▲ 31.0371.43above the sector's middle half
Return on assets (ROA)11.8%within the sector's middle half▲ 3.0pp12.4%within the sector's middle half▲ 0.5pp9.8%within the sector's middle half▼ 2.6pp11.5%within the sector's middle half▲ 1.7pp9.4%within the sector's middle half▼ 2.1pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.3m =
Current assets
€821,093 ▲ 8.5%
Equity and liabilities €2.1m
Equity
€2.1m ▲ 2.7%
Debt
€11,495 ▲ 283%
Debt's share of the balance-sheet total rises from 0.1% to 0.5%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
Debt to equity
0.01▲
2024 · 0.00
ROE
9.5%▼
2024 · 11.5%
Debt ≤ 1 year
€11,495▲
2024 · €3,003
Income taxes
€17,496▲
2024 · €10,090
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €979 | €980 | €1,075 | €1,094 | €1,126 | ▲ 3.0% |
| Gross operating margin9900 | €25,717 | €21,256 | €25,785 | €25,421 | €25,353 | ▼ 0.3% |
| Operating profit (loss)9901 | €24,738 | €20,276 | €24,710 | €24,328 | €24,226 | ▼ 0.4% |
| Financial income75/76B | €197,808 | €245,593 | €182,230 | €222,052 | €192,391 | ▼ 13.4% |
| Recurring financial income75 | €197,808 | €245,531 | €182,230 | €222,052 | €192,391 | ▼ 13.4% |
| Non-recurring financial income76B | - | €62 | €0 | - | - | - |
| Financial charges65/66B | €30 | €80 | €0 | - | - | - |
| Recurring financial charges65 | €30 | €80 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €222,515 | €265,789 | €206,940 | €246,380 | €216,618 | ▼ 12.1% |
| Income taxes67/77 | €6,248 | €15,040 | €13,228 | €10,090 | €17,496 | ▲ 73.4% |
| Profit (loss) for the period9904 | €216,267 | €250,750 | €193,712 | €236,290 | €199,122 | ▼ 15.7% |
| Profit (loss) for the period to be appropriated9905 | €216,267 | €250,750 | €193,712 | €236,290 | €199,122 | ▼ 15.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €2.0m | €2.0m | €2.1m | €2.1m | ▲ 3.1% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Financial fixed assets28 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €0.5m | €0.7m | €0.7m | €0.8m | €0.8m | ▲ 8.5% |
| Amounts receivable within one year40/41 | €0.004m | €0.01m | €0.007m | €0.01m | €0.01m | ▲ 4.4% |
| Trade receivables40 | - | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Other amounts receivable41 | €0.004m | €0.005m | €0.001m | €0.007m | €0.007m | ▲ 7.9% |
| Current investments50/53 | - | - | €0.4m | €0.5m | €0.5m | ▲ 11.1% |
| Cash at bank and in hand54/58 | €0.5m | €0.7m | €0.3m | €0.3m | €0.3m | ▲ 4.6% |
| Deferred charges and accrued income490/1 | €0.002m | €0.001m | €0.004m | €0.004m | €0.004m | ▲ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €2.0m | €2.0m | €2.1m | €2.1m | ▲ 3.1% |
| Equity10/15 | €1.8m | €1.8m | €2.0m | €2.0m | €2.1m | ▲ 2.7% |
| Contributions10/11 | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €1.2m | €1.3m | €1.5m | €1.6m | €1.6m | ▲ 3.6% |
| Non-distributable reserves130/1 | €0.05m | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €0.05m | €0 | - | - | - | - |
| Distributable reserves133 | €1.1m | €1.3m | €1.5m | €1.6m | €1.6m | ▲ 3.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.02m | €0.3m | €0.03m | €0.003m | €0.01m | ▲ 283% |
| Amounts payable within one year42/48 | €0.02m | €0.3m | €0.02m | €0.003m | €0.01m | ▲ 283% |
| Financial debts43 | €10 | €0 | - | - | - | - |
| Credit institutions430/8 | €10 | €0 | - | - | - | - |
| Trade debts44 | €0.002m | €0.006m | €0.004m | €0.002m | €0.002m | ▲ 0.1% |
| Suppliers440/4 | €0.002m | €0.006m | €0.004m | €0.002m | €0.002m | ▲ 0.1% |
| Taxes, remuneration and social security45 | €0.02m | €0.01m | €0.02m | €0.001m | €0.009m | ▲ 968% |
| Taxes450/3 | €0.02m | €0.01m | €0.02m | €0.001m | €0.009m | ▲ 968% |
| Other amounts payable47/48 | - | €0.3m | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.006m | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €216,267 | €250,750 | €193,712 | €236,290 | €199,122 | ▼ 15.7% |
| Operating cash flow (approximation) | €216,267 | €250,750 | €193,712 | €236,290 | €199,122 | ▼ 15.7% |
| Investment in fixed assets (approximation) | - | €2,744 | €0 | €0 | €0 | - |
| Change in cash | - | €197,633 | -€395,799 | -€35,551 | €13,470 | ▲ 138% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
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In Fix Holding
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NAXOS
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DE MUIS
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Of 82,687 companies in this sector we hold annual accounts for 52,635. 19,600 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
1 holding
Directors
Directors
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
69.95%
According to the 2025 annual accounts of Semax Holding and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 7 Gazette acts processed.
Timeline
16 eventsLatest 21-04-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 7current ratio 251.91
Current ratio from 33.78 to 251.91; short-term debt falls from €20,323 to €3,003.
31-12
Financial
Equity above €2mEq €2.0m ▲4.8%
7 profitable years in a row build equity to €2.0m.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 12current ratio 33.78
Current ratio from 2.75 to 33.78; short-term debt falls from €266,643 to €20,323.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €250,750 ▲15.9%
Net result €250,750, the highest in the series.
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 30.51
Current ratio from 10.36 to 30.51; short-term debt falls from €31,680 to €17,380.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €143,040 ▼9%
Net result drops to €143,040, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Company details
Private limited company · founded 19-08-1987Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded19-08-1987
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431784612
Also
9925:BE0431784612
Registered
10-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Zuienkerke · 1 establishment unit since 1992
Ground area
8,732 m²
Building footprint
325 m²
Volume, LiDAR
1,599 m³
Parcel 31042B0217/00W000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Semax Holding
since 1992unit no. 2.030.043.516
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31042B0217/00W000 | Flanders | 8,732 m² | 1 · 325 m² | 9.4 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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