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SEMIFOOD

Active
Private limited companyfounded 199926 yrs activeKorenmarkt 35, 9000 Gent, BelgiumKBO/BCE: BE 0467.197.926
Summary

SEMIFOOD has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,766 and a net result of €16,085. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 3770 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability52▼-16
Solvency69▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 1.47 in 2024; short-term debt: 53.1% and cash: 67.6% of total assets), but 55.8% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 26 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
44.2%
Return on assets
5.8%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 d early
2024
31 d early
2023
26 d early
2022
33 d early
2021
49 d early
2020
38 d early
2019
33 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 33 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 3 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SEMIFOOD was incorporated on 2 November 1999.1 Total assets went from EUR 267,610 in 2018 to EUR 275,336 in 2025 and headcount from 10.7 to 4.5 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€121,766▲ 15.2%
2024 · €105,681
Total assets
€275,336▼ 26.8%
2024 · €376,207
Net result
€16,085▼ 64.5%
2024 · €45,261
Working capital
€129,061▲ 7.8%
2024 · €119,772
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€95,794€30,338▼ 68.3%€12,091▼ 60.1%€73,363▲ 507%€29,326▼ 60.0%
Net result€90,760above the sector's middle half€23,288within the sector's middle half▼ 74.3%-€2,116within the sector's middle half€45,261within the sector's middle half€16,085within the sector's middle half▼ 64.5%
Equity€61,248within the sector's middle half▲ 199%€62,537within the sector's middle half▲ 2.1%€60,420within the sector's middle half▼ 3.4%€105,681within the sector's middle half▲ 74.9%€121,766within the sector's middle half▲ 15.2%
Total assets€289,370above the sector's middle half▲ 22.5%€306,968within the sector's middle half▲ 6.1%€339,103within the sector's middle half▲ 10.5%€376,207within the sector's middle half▲ 10.9%€275,336within the sector's middle half▼ 26.8%
Debt€228,122▲ 5.7%€244,431▲ 7.1%€278,682▲ 14.0%€270,525▼ 2.9%€153,570▼ 43.2%
Working capital€60,692above the sector's middle half▲ 145%€63,203within the sector's middle half▲ 4.1%€118,693within the sector's middle half▲ 87.8%€119,772within the sector's middle half▲ 0.9%€129,061above the sector's middle half▲ 7.8%
Solvency21.2%within the sector's middle half▲ 12.5pp20.4%within the sector's middle half▼ 0.8pp17.8%within the sector's middle half▼ 2.6pp28.1%within the sector's middle half▲ 10.3pp44.2%within the sector's middle half▲ 16.1pp
Current ratio1.27within the sector's middle half▲ 0.151.26within the sector's middle half▼ 0.011.54within the sector's middle half▲ 0.281.47within the sector's middle half▼ 0.071.88within the sector's middle half▲ 0.42
Return on assets (ROA)31.4%above the sector's middle half▲ 38.0pp7.6%within the sector's middle half▼ 23.8pp-0.6%within the sector's middle half▼ 8.2pp12.0%within the sector's middle half▲ 12.7pp5.8%within the sector's middle half▼ 6.2pp
Staff (FTE)7.1▲ 18.3%14.2within the sector's middle half▲ 100%8.3within the sector's middle half▼ 41.5%5.2within the sector's middle half▼ 37.3%4.5within the sector's middle half▼ 13.5%
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2022 Staff (FTE) +100% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000€100,000Operating result 2021: €95,794€95,794Net result 2021: €90,760€90,760Operating result 2022: €30,338€30,338Net result 2022: €23,288€23,288Operating result 2023: €12,091€12,091Net result 2023: -€2,116-€2,116Operating result 2024: €73,363€73,363Net result 2024: €45,261€45,261Operating result 2025: €29,326€29,326Net result 2025: €16,085€16,08520212022202320242025-€20,000€0€20,000€40,000€60,000€80,000Operating result 2023: €12,091€12,100Net result 2023: -€2,116-€2,120Operating result 2024: €73,363€73,400Net result 2024: €45,261€45,300Operating result 2025: €29,326€29,300Net result 2025: €16,085€16,100202320242025
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €275,336
Equity €121,766 ▲ 15.2%
Debt €153,570 ▼ 43.2%
Debt's share of the balance-sheet total falls from 71.9% to 55.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Quick ratio
1.70▲
2024 · 1.39
Debt to equity
1.26▼
2024 · 2.56
ROE
13.2%▼
2024 · 42.8%
Debt ≤ 1 year
€146,276▼
2024 · €256,434
Income taxes
€9,232▼
2024 · €19,828
Staff costs
€258,306▼
2024 · €266,807
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€376,207€275,336▼
Current assets29/58€376,207€275,336▼
Stocks and contracts in progress3€20,910€26,945▲
Stocks30/36€20,910€26,945▲
Amounts receivable within one year40/41€68,177€58,894▼
Trade receivables40€56,384€12,395▼
Other amounts receivable41€11,793€46,499▲
Cash at bank and in hand54/58€286,734€186,051▼
Deferred charges and accrued income490/1€385€3,446▲
Equity and liabilities
Total equity and liabilities10/49€376,207€275,336▼
Equity10/15€105,681€121,766▲
Contributions10/11€26,600€26,600=
Reserves13€35,937€35,937=
Distributable reserves133€35,937€35,937=
Profit (loss) carried forward14€43,145€59,230▲
Amounts payable17/49€270,525€153,570▼
Amounts payable within one year42/48€256,434€146,276▼
Trade debts44€173,829€55,940▼
Suppliers440/4€173,829€55,940▼
Taxes, remuneration and social security45€51,250€58,666▲
Taxes450/3€19,828€29,060▲
Remuneration and social security454/9€31,422€29,606▼
Other amounts payable47/48€31,355€31,669▲
Accrued charges and deferred income492/3€14,091€7,294▼
Income statement Code20242025
Remuneration, social security and pensions62€266,807€258,306▼
Other operating charges640/8€2,131€2,497▲
Gross operating margin9900€342,301€290,129▼
Operating profit (loss)9901€73,363€29,326▼
Financial income75/76B€499€3,526▲
Recurring financial income75€499€3,526▲
Financial charges65/66B€8,773€7,535▼
Recurring financial charges65€8,773€7,535▼
Profit (loss) for the period before taxes9903€65,089€25,317▼
Income taxes67/77€19,828€9,232▼
Profit (loss) for the period9904€45,261€16,085▼
Profit (loss) for the period to be appropriated9905€45,261€16,085▼
Appropriation of the result
Profit (loss) to be appropriated9906€43,145€59,230▲
Profit (loss) brought forward from the previous period14P-€2,116€43,145▲
Social balance
Average headcount (FTE)90875.24.5▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€392,960€366,280€266,807€258,306▼ 3.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€652€223€0---
Other operating charges640/8-€7,410€2,619€2,131€2,497▲ 17.2%
Gross operating margin9900€309,674€430,931€380,990€342,301€290,129▼ 15.2%
Operating profit (loss)9901€95,794€30,338€12,091€73,363€29,326▼ 60.0%
Financial income75/76B-€1,148€0€499€3,526▲ 606%
Recurring financial income75€1,126€1,148€0€499€3,526▲ 606%
Financial charges65/66B-€5,737€12,268€8,773€7,535▼ 14.1%
Recurring financial charges65€2,483€5,737€12,268€8,773€7,535▼ 14.1%
Profit (loss) for the period before taxes9903€94,437€25,749-€177€65,089€25,317▼ 61.1%
Income taxes67/77€3,677€2,460€1,940€19,828€9,232▼ 53.4%
Profit (loss) for the period9904€90,760€23,288-€2,116€45,261€16,085▼ 64.5%
Profit (loss) for the period to be appropriated9905€90,760€23,288-€2,116€45,261€16,085▼ 64.5%
Line20212022202320242025Change
Assets
Total assets20/58€289,370€306,968€339,103€376,207€275,336▼ 26.8%
Fixed assets21/28€557€334€0---
Tangible fixed assets22/27€223€0€0---
Plant, machinery and equipment23-€0€0---
Financial fixed assets28€334€334€0---
Current assets29/58€288,813€306,634€339,103€376,207€275,336▼ 26.8%
Stocks and contracts in progress3€6,781€11,028€30,724€20,910€26,945▲ 28.9%
Stocks30/36-€11,028€30,724€20,910€26,945▲ 28.9%
Amounts receivable within one year40/41€90,312€89,102€83,390€68,177€58,894▼ 13.6%
Trade receivables40-€86,326€70,868€56,384€12,395▼ 78.0%
Other amounts receivable41-€2,777€12,522€11,793€46,499▲ 294%
Cash at bank and in hand54/58€191,720€201,184€219,440€286,734€186,051▼ 35.1%
Deferred charges and accrued income490/1-€5,320€5,549€385€3,446▲ 795%
Equity and liabilities
Total equity and liabilities10/49€289,370€306,968€339,103€376,207€275,336▼ 26.8%
Equity10/15€61,248€62,537€60,420€105,681€121,766▲ 15.2%
Contributions10/11-€26,600€26,600€26,600€26,600=
Reserves13€34,648€35,937€35,937€35,937€35,937=
Non-distributable reserves130/1-€3,701€0---
Reserves not available under the articles1311-€3,701€0---
Distributable reserves133-€32,235€35,937€35,937€35,937=
Profit (loss) carried forward14-€0-€2,116€43,145€59,230▲ 37.3%
Amounts payable17/49€228,122€244,431€278,682€270,525€153,570▼ 43.2%
Amounts payable within one year42/48€228,122€243,431€220,410€256,434€146,276▼ 43.0%
Trade debts44€107,923€131,289€101,258€173,829€55,940▼ 67.8%
Suppliers440/4-€131,289€101,258€173,829€55,940▼ 67.8%
Taxes, remuneration and social security45-€39,700€55,729€51,250€58,666▲ 14.5%
Taxes450/3-€3,912€9,687€19,828€29,060▲ 46.6%
Remuneration and social security454/9-€35,788€46,042€31,422€29,606▼ 5.8%
Other amounts payable47/48-€72,442€63,423€31,355€31,669▲ 1.0%
Accrued charges and deferred income492/3-€1,000€58,273€14,091€7,294▼ 48.2%
Line20212022202320242025Change
Profit (loss) for the period9904€90,760€23,288-€2,116€45,261€16,085▼ 64.5%
+ Depreciation and write-downs630€652€223€0---
Operating cash flow (approximation)€91,413€23,511-€2,116€45,261€16,085▼ 64.5%
Investment in fixed assets (approximation)-€0€334---
Change in cash-€9,463€18,256€67,295-€100,683▼ 250%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Back to profitnet €45,261
Net result €45,261 after one loss-making year.
31-12
Financial Equity above €100,000Eq €105,681 ▲74.9%
Equity rises from €60,420 to €105,681.
05-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Back to profitnet €90,760
Net result €90,760 after 2 loss-making years.
23-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial Weakest financial yearnet -€15,580
Net result drops to -€15,580, the lowest in the series; recovery starts the following year.
28-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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 2 acts read
About the unread acts

We know of 2 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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Directors · office · real estate

Directors
2 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, Gent · 1 establishment unit since 2000
seat establishment The establishment unit on the map
Ground area
96 m²
Building footprint
96 m²
Volume, LiDAR
1,463 m³
Parcel 44803C0043/00A000, Flanders · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Quick - Giant Bar
Korenmarkt 35, 9000 GentLimited-service restaurants
since 20002.101.913.685
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44803C0043/00A000 Flanders 96 m² 1 · 96 m² 19.5 m · 5 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.

Structure & network

Owners and holdings

2 owners

Chain of control

  1. SILOPLEM 99.5%
  2. SEMIFOOD

Highest known parent: SILOPLEM. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of SEMIFOOD 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 current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Gent2.101.913.685
1 permission
Toelating · Eetgelegenheid · since 25-01-2011

Dual-learning approval

2 ended
Kassier (so)
ended · 2016 to 2021
Medewerker snackbar-taverne (so)
ended · 2016 to 2021

Similar companies · same sector, comparable size

Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,346 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
Founded02-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID 0208:0467197926
Also 9925:BE0467197926
Registered 24-11-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.