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Generated 13-08-2026
Active BE 0897.131.125Private limited company

SEMINARA CONSTRUCT

Vlaanderenstraat 68 ·1800 Vilvoorde, Belgium· 18 yrs active
Sector: Overige gespecialiseerde bouwactiviteiten, neg (43990)
Conclusion Checked

The computed 12-month bankruptcy probability of SEMINARA CONSTRUCT is 3.0% (moderate). The 2023 annual accounts show negative equity (€-55k) and a net result of €-34k. Equity is shrinking by ~60.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 9100 sector peers (fiscal year 2023). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €-55k
Net result €-34k
Better than sector 5%
Active 18 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health7Profitability100Solvency33Growth32Stability100
54 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7
Profitability 100
Solvency 33
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.0% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate sector +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2023 · computed
7 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 31-05-2024 with the NBB · fiscal year 2023 · micro
€-40k€-20k€0€20kOperating result 2019: €5k€5kNet result 2019: €21k€21kOperating result 2020: €7k€7kNet result 2020: €24k€24kOperating result 2021: €-34k€-34kNet result 2021: €-37k€-37kOperating result 2022: €-14k€-14kNet result 2022: €-16k€-16kOperating result 2023: €-32k€-32kNet result 2023: €-34k€-34k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~60.5%/year over 6 fiscal years, indicative, assuming unchanged policy.
€-150k€-100k€-50k€0€50k2024: €-55k (€-71k - €-39k)2025: €-72k (€-97k - €-47k)2026: €-88k (€-123k - €-54k)2018: €26k2019: €29k2020: €32k2021: €-5k2022: €-21k2023: €-55k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -357.4% 38.7%
better than 5% of 9100 sector peers
Net result €-34k €12k
better than 5% of 9085 sector peers
Equity €-55k €30k
better than 5% of 9106 sector peers
Gross operating margin €-29k €33k
better than 5% of 9074 sector peers
Total assets €15k €89k
better than 7% of 9101 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-30k
-194.3% 18-23
Net profit
€-34k
-118.2% 18-23
Cash flow
€-32k
-160.8% 18-23
Total assets
€15k
-52.9% 18-23
Equity
€-55k
-162.1% 18-23
Working capital
€-58k
-120.4% 18-23
Income taxes
€1k
-52.1% 18-23
Debt
€70k
+31.1% 18-23
Debt ≤ 1y
€70k
+31.1% 18-23
Debt > 1y
€667
-78.2% 18-23
Current ratio
0.18
-64.9% 18-23
Quick ratio
0.18
-64.9% 18-23
Solvency
-357.4%
-457.0% 18-23
Debt / equity
-1.28
+50.0% 18-23
ROE
61.8%
-16.8% 18-23
ROA
-221.0%
-363.6% 18-23
Interest coverage
-14.45
-198.5% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€-30k
Net profit€-34k
Cash flow€-32k
Staff costs-
Income taxes-
Dividends-
Total assets€15k
Equity€-55k
Debt€70k
of which ≤ 1y€70k
of which > 1y-
Working capital€-58k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.18
Quick ratio0.18
Working capital ratio-375.3%
Solvency-357.4%
Debt / equity-1.28
Long-term debt ratio-
Interest coverage-14.45
Gross margin-
Net margin-
ROA-221.0%
ROE61.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€15k
Fixed assets 21/28€3k
Tangible fixed assets 22/27€3k
Current assets 29/58€13k
Amounts receivable within one year 40/41€5k
Cash & bank 54/58€8k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€15k
Equity 10/15€-55k
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€-63k
Amounts payable 17/49€70k
Amounts payable within one year 42/48€70k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€-29k
Operating result 9901€-32k
Financial charges 65€2k
Result before taxes 9903€-34k
Net result for the period 9904€-34k
Result to be appropriated 9905€-34k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Anthony SEMINARA
    Manager
    State Gazette act 18171243 (30-11-2018)
    Not recently confirmed
    last confirmed in an act from 2018
Former directors (1)
  • Catalin BIGU
    Director
    State Gazette act 16085396 (23-06-2016)
    Former
    08-06-2016 → 04-11-2019
    2 events
    • 04-11-2019 Resigned· Manager
    • 08-06-2016 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Overige gespecialiseerde bouwactiviteiten, neg(43990)
Legal form Private limited company(610)
Incorporation10-04-2008
StatusActive
Postal code1800
Establishment units 1 location
SEMINARA CONSTRUCT
Nijverheidsstraat 250, 1800 VilvoordeInstallatie van stores en zonneschermen
since 20082.216.620.145
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23643G0431/00F005 Flanders 405 m² 1 · 101 m² 11.2 m · 3 fl.
23642D0402/00H000 Flanders 110 m² 1 · 107 m² 9.8 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 15 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
05-02-2026
State Gazette act Registered-office change
v3.2
14-01-2026
State Gazette act Director changes
v3.2
2024
31-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
31-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
31-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
01-03-2022
State Gazette act Director changes
v3.2
2021
30-05-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
29-05-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
27-05-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
30-11-2018
State Gazette act Director changes
v3.2
30-05-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
23-06-2016
State Gazette act Director changes
v3.2
29-04-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2014
28-04-2014
NBB filing Annual accounts filed
fiscal year 2013 · verkort
Belgisch Staatsblad, acts 5 acts
Address history · 1
05-02-2026
v3.2
All acts · 5 updated 6 months ago
2026
05-02-2026 Registered office moved within Vilvoorde Registered-office change
  • Nijverheidsstraat 250, 1800 Vilvoorde → Vlaanderenstraat 68, 1800 Vilvoorde
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Vilvoorde",
        "region": "Vlaams Gewest",
        "street": "Vlaanderenstraat",
        "country": "BE",
        "postcode": "1800",
        "box_number": null,
        "street_number": "68"
      },
      "old_address": {
        "city": "Vilvoorde",
        "region": "Vlaams Gewest",
        "street": "Nijverheidsstraat",
        "country": "BE",
        "postcode": "1800",
        "box_number": null,
        "street_number": "250"
      },
      "effective_date": "2026-01-15",
      "evidence_quote": "De algemene vergadering aanvaardt de verplaatsing van de zetel naar Vlaanderenstraat 68 1800 Vilvoorde en dit vanaf deze dag"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0897.131.125",
    "name_full": "SEMINARA CONSTRUCT",
    "legal_form": "BVBA"
  }
}
14-01-2026 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0897.131.125",
    "name_full": "SEMINARA CONSTRUCT",
    "legal_form": "BVBA"
  }
}
2022
01-03-2022 Catalin BIGU resigns as manager Director changes
  • Catalin BIGU, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Catalin BIGU",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2019-11-04",
      "evidence_quote": "Unaniem heeft de algemene vergadering: -Het onslag als actieve vennoot van de heer Catalin BIGU en dat vanaf 4 november 2019."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0897.131.125",
    "name_full": "SEMINARA CONSTRUCT",
    "legal_form": "BVBA"
  }
}
2018
30-11-2018 Anthony SEMINARA appointed as manager Director changes
  • Anthony SEMINARA, Zaakvoerder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Anthony SEMINARA",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2018-10-01",
      "evidence_quote": "Unaniem heeft de algemene vergadering: -De benoeming als zaakvoerder van De Heer Anthony SEMINARA, wonende te Nijverheidsstraat 250 te 1800 VILVOORDE en dat vanaf 1 oktober 2018."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0897.131.125",
    "name_full": "SEMINARA CONSTRUCT",
    "legal_form": "SPRL"
  }
}
2016
23-06-2016 Catalin BIGU appointed as director Director changes
  • Catalin BIGU, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Catalin BIGU",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2016-06-08",
      "evidence_quote": "Unaniem heeft de algemene vergadering: -De benoeming als actieve vennoot van de heer Catalin BIGU, wonende te Str. Anghel Saligny 38-Birlad Vaslui - Roumanie en dat vanaf 8 juni 2016."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0897.131.125",
    "name_full": "SEMINARA CONSTRUCT",
    "legal_form": "BVBA"
  }
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Algemene elektrotechnische installatiewerken43211Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen43333Chapewerken43422Metselwerk43910
Primary activity highlighted.
Names & trade names
Legal nameNL SEMINARA CONSTRUCT
Registered office
Vlaanderenstraat 68
1800 Vilvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative