SEMEX
ActiveSummary
The computed 12-month bankruptcy probability of SEMEX is 1.9% (moderate). The 2026 annual accounts show equity of €88,487 and a net result of €78,313. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 92 sector peers (fiscal year 2026). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 6.0 against 9.01 in 2025; short-term debt: 16.2% and cash: 78.8% of total assets), and 16.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2026Solvency, return and age of the figures
Solvency
83.8%
Return on assets
74.1%
Age of the figures
3 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 17-09-2026, 136 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
136 d early
2025
170 d early
2024
175 d early
2023
2 d early
2022
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 95 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€88,487▼ 25.3%
2025 · €118,474
Total assets
€105,641▼ 21.5%
2025 · €134,498
Net result
€78,313▲ 13.3%
2025 · €69,147
Working capital
€85,791▼ 24.5%
2025 · €113,563
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
Line20222023202420252026
Operating result€23,214-€74,199▲ 220%€93,797▲ 26.4%€91,538▼ 2.4%€101,778▲ 11.2%
Net result€17,146-€58,096▲ 239%€73,686▲ 26.8%€69,147▼ 6.2%€78,313▲ 13.3%
Equity€17,546-€75,641▲ 331%€149,327▲ 97.4%€118,474▼ 20.7%€88,487▼ 25.3%
Total assets€32,577-€103,648▲ 218%€183,178▲ 76.7%€134,498▼ 26.6%€105,641▼ 21.5%
Debt€15,032-€28,006▲ 86.3%€33,851▲ 20.9%€16,024▼ 52.7%€17,155▲ 7.1%
Working capital€13,437-€67,948▲ 406%€142,094▲ 109%€113,563▼ 20.1%€85,791▼ 24.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 11% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €105,641
Fixed assets
€2,696 ▼ 60.1%
Current assets
€102,945 ▼ 19.4%
Equity and liabilities €105,641
Equity
€88,487 ▼ 25.3%
Debt
€17,155 ▲ 7.1%
Debt's share of the balance-sheet total rises from 11.9% to 16.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€105,847▲
2025 · €95,485
Cash flow
€82,382▲
2025 · €73,094
Current ratio
6.00▼
2025 · 9.01
Debt to equity
0.19▲
2025 · 0.14
ROE
88.5%▲
2025 · 58.4%
ROA
74.1%▲
2025 · 51.4%
Interest coverage
51.81▲
2025 · 20.24
Debt ≤ 1 year
€17,155▲
2025 · €14,170
Income taxes
€21,529▲
2025 · €18,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,810 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,001 | €2,184 | €4,260 | €3,947 | €4,069 | ▲ 3.1% |
| Other operating charges640/8 | €1,544 | €719 | €1,886 | €4,167 | €931 | ▼ 77.7% |
| Non-recurring operating charges66A | - | - | €1,113 | €0 | - | - |
| Gross operating margin9900 | €25,759 | €77,103 | €101,056 | €99,652 | €106,778 | ▲ 7.2% |
| Operating profit (loss)9901 | €23,214 | €74,199 | €93,797 | €91,538 | €101,778 | ▲ 11.2% |
| Financial income75/76B | €32 | €487 | €1,123 | €747 | €107 | ▼ 85.6% |
| Recurring financial income75 | €32 | €487 | €1,123 | €747 | €107 | ▼ 85.6% |
| Financial charges65/66B | €910 | €897 | €1,559 | €4,717 | €2,043 | ▼ 56.7% |
| Recurring financial charges65 | €910 | €897 | €1,559 | €4,717 | €2,043 | ▼ 56.7% |
| Profit (loss) for the period before taxes9903 | €22,336 | €73,790 | €93,361 | €87,568 | €99,842 | ▲ 14.0% |
| Income taxes67/77 | €5,190 | €15,694 | €19,676 | €18,422 | €21,529 | ▲ 16.9% |
| Profit (loss) for the period9904 | €17,146 | €58,096 | €73,686 | €69,147 | €78,313 | ▲ 13.3% |
| Profit (loss) for the period to be appropriated9905 | €17,146 | €58,096 | €73,686 | €69,147 | €78,313 | ▲ 13.3% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,577 | €103,648 | €183,178 | €134,498 | €105,641 | ▼ 21.5% |
| Fixed assets21/28 | €4,108 | €7,693 | €7,234 | €6,765 | €2,696 | ▼ 60.1% |
| Tangible fixed assets22/27 | €4,108 | €7,693 | €7,234 | €6,765 | €2,696 | ▼ 60.1% |
| Furniture and vehicles24 | €4,108 | €7,693 | €7,234 | €6,765 | €2,696 | ▼ 60.1% |
| Current assets29/58 | €28,469 | €95,954 | €175,944 | €127,733 | €102,945 | ▼ 19.4% |
| Amounts receivable after more than one year29 | - | €25,000 | €25,000 | €0 | - | - |
| Other amounts receivable291 | - | €25,000 | €25,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €13,265 | €20,460 | €22,468 | €47,542 | €17,595 | ▼ 63.0% |
| Trade receivables40 | €12,645 | €19,674 | €22,071 | €21,995 | €15,624 | ▼ 29.0% |
| Other amounts receivable41 | €620 | €787 | €397 | €25,547 | €1,971 | ▼ 92.3% |
| Cash at bank and in hand54/58 | €14,720 | €48,608 | €121,917 | €77,534 | €83,223 | ▲ 7.3% |
| Deferred charges and accrued income490/1 | €484 | €1,886 | €6,560 | €2,657 | €2,128 | ▼ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,577 | €103,648 | €183,178 | €134,498 | €105,641 | ▼ 21.5% |
| Equity10/15 | €17,546 | €75,641 | €149,327 | €118,474 | €88,487 | ▼ 25.3% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €73,641 | €147,327 | €116,474 | €86,487 | ▼ 25.7% |
| Distributable reserves133 | - | €73,641 | €147,327 | €116,474 | €86,487 | ▼ 25.7% |
| Profit (loss) carried forward14 | €15,546 | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €15,032 | €28,006 | €33,851 | €16,024 | €17,155 | ▲ 7.1% |
| Amounts payable within one year42/48 | €15,032 | €28,006 | €33,851 | €14,170 | €17,155 | ▲ 21.1% |
| Financial debts43 | €757 | €0 | - | - | - | - |
| Credit institutions430/8 | €757 | €0 | - | - | - | - |
| Trade debts44 | €325 | €102 | €1,017 | €79 | €28 | ▼ 63.8% |
| Suppliers440/4 | €325 | €102 | €1,017 | €79 | €28 | ▼ 63.8% |
| Taxes, remuneration and social security45 | €12,350 | €26,304 | €32,833 | €14,092 | €12,637 | ▼ 10.3% |
| Taxes450/3 | €12,350 | €26,304 | €32,833 | €14,092 | €12,637 | ▼ 10.3% |
| Other amounts payable47/48 | €1,600 | €1,600 | €0 | - | €4,489 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,854 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,146 | €58,096 | €73,686 | €69,147 | €78,313 | ▲ 13.3% |
| + Depreciation and write-downs630 | €1,001 | €2,184 | €4,260 | €3,947 | €4,069 | ▲ 3.1% |
| Operating cash flow (approximation) | €18,147 | €60,280 | €77,946 | €73,094 | €82,382 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | -€5,770 | -€3,800 | -€3,478 | €0 | ▲ 100% |
| Change in cash | - | €33,888 | €73,309 | -€44,383 | €5,689 | ▲ 113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
30-06
Financial
Highest result since 2022net €78,313 ▲13.3%
Operating result €101,778, net result €78,313, both a record.
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €100,000Eq €149,327 ▲97.4%
3 profitable years in a row build equity to €149,327.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2021
Ground area
108 m²
Building footprint
63 m²
Volume, LiDAR
414 m³
Parcel 21018A0063/00F002, Brussels · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Semex
since 20212.319.519.923
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0063/00F002 | Brussels | 108 m² | 1 · 63 m² | 10.4 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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Of 9,864 companies in sector 73110 we hold annual accounts for 3,752. 3,025 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
Founded16-07-2021
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
70100Activities of head offices
73120Media representation
73200Market research and public opinion polling
73300Public relations and communication consultancy
90120Visual arts creation
Contact
Website
www.semexpert.be
E-mail
info@semexpert.be
Scores and ratios are computed by Checked and are not a credit decision.