Equity
Equity fell by 77% in 4 years.
Equity fell by 77% in 4 years.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Lower net result than 86% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 66% of them on solvency, 75% on liquidity, 5% on profitability and 22% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 4,805 companies had the same profile as SEMOPTI has now. Each dot stands for 13 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SEMOPTI itself is lower: < 0.1% within 12 months. It rests on far more data about SEMOPTI than the profile alone.
The method was tested on the 497,447 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 4,805 companies, not a prediction for SEMOPTI. 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.
Liquidity is ample, with a current ratio of 3.07 (3.87 in 2024), above the usual 1.5. Short-term debt is 27.9% and cash 82.3% of total assets. 27.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SEMOPTI Uccle | €16,588 | -€2,748 | 72.1% | - |
| BUILDOG Havelange | €19,592 | -€12,113 | -143.6% | - |
| VR MEDIA Antwerp | €19,746 | €736 | 17.5% | - |
| bHReezy Mont-Saint-Guibert | €18,794 | -€676 | -233.6% | - |
| LOGIQUEST Zaventem | €13,640 | -€8,245 | 29.2% | - |
| Amvise Uccle | €19,795 | -€11,873 | -30.1% | - |
| ICETESY Woluwe-Saint-Lambert | €15,680 | -€14,614 | 93.5% | - |
These companies have the same main activity as SEMOPTI: computer programming (NACE 62100). They are comparable in size and age: total assets between €13,600 and €19,800, founded between 2014 and 2019.
SEMOPTI files the micro format. That format states no turnover. The gross margin fell from €51,365 in 2017 to -€2,748 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 64% of 21,208 companies in 2025.
Higher than 59% of 20,571 companies in 2025.
Higher than 6% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
16,588 | 21,572 | 25,349 | 55,275 | 72,420 | 60,345 | 63,752 | 119,952 | 62,740 | |
21/28 |
2,390 | 1,817 | 3,095 | 1,141 | 1,825 | 1,275 | 10,091 | 11,772 | 2,989 | |
22/27 |
2,297 | 1,724 | 3,003 | 1,048 | 1,732 | 1,183 | 8,056 | 11,679 | 2,897 | |
24 |
2,297 | 1,724 | 3,003 | 1,048 | 1,732 | 1,183 | 8,056 | 11,679 | 2,897 | |
28 |
93 | 93 | 93 | 93 | 93 | 93 | 2,036 | 93 | 93 | |
29/58 |
14,198 | 19,755 | 22,253 | 54,134 | 70,595 | 59,070 | 53,660 | 108,180 | 59,751 | |
40/41 |
176 | 1,507 | 1,704 | 1,742 | 14,299 | 23,865 | 36,778 | 65,011 | 16,319 | |
40 |
10 | 1,507 | 1,035 | 1,742 | 14,299 | 23,865 | 36,405 | 64,332 | 12,698 | |
41 |
166 | - | 670 | - | - | - | 373 | 680 | 3,621 | |
54/58 |
13,655 | 18,072 | 20,542 | 52,387 | 56,297 | 35,205 | 16,826 | 41,624 | 42,746 | |
490/1 |
367 | 176 | 8 | 5 | - | - | 56 | 1,545 | 686 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
16,588 | 21,572 | 25,349 | 55,275 | 72,420 | 60,345 | 63,752 | 119,952 | 62,740 | |
10/15 |
11,968 | 16,465 | 22,586 | 23,042 | 51,096 | 31,336 | 35,467 | 48,006 | 21,932 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
13 |
36,165 | 36,165 | 36,165 | 36,165 | 48,851 | 29,091 | 29,091 | 29,091 | 14,545 | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
133 |
36,165 | 36,165 | 36,165 | 36,165 | 48,851 | 29,091 | 27,231 | 27,231 | 12,685 | |
14 |
-30,398 | -25,900 | -19,779 | -19,324 | -3,955 | -3,955 | 176 | 12,715 | 1,187 | |
17/49 |
4,620 | 5,107 | 2,762 | 32,233 | 21,323 | 29,009 | 28,285 | 71,946 | 40,808 | |
42/48 |
4,620 | 5,107 | 2,762 | 32,133 | 21,323 | 29,009 | 28,285 | 71,874 | 40,808 | |
44 |
1,229 | 1,562 | 1,372 | 4,731 | 5,831 | 7,591 | 13,734 | 23,547 | 3,667 | |
440/4 |
1,229 | 1,562 | 1,372 | 4,731 | 5,831 | 7,591 | 13,734 | 23,547 | 3,667 | |
45 |
2,000 | 154 | - | 6,305 | 7,522 | 4,374 | 451 | 29,827 | 18,108 | |
450/3 |
- | 154 | - | 6,305 | 7,522 | 4,374 | 451 | 28,524 | 18,108 | |
454/9 |
2,000 | - | - | - | - | - | - | 1,303 | - | |
47/48 |
1,390 | 3,390 | 1,390 | 21,097 | 7,970 | 17,044 | 14,099 | 18,500 | 19,033 | |
492/3 |
- | - | - | 100 | - | - | - | 73 | - | |
| Income statement | ||||||||||
76A |
- | - | 130 | 190 | 466 | - | 12 | 0 | - | |
9900 |
-2,748 | -4,396 | 762 | -14,267 | 26,562 | 2,312 | 25,604 | 84,561 | 51,365 | |
62 |
- | - | - | - | - | 7,882 | 29,647 | 15,645 | 509 | |
630 |
1,286 | 1,278 | 788 | 684 | 1,503 | 2,983 | 7,570 | 6,606 | 1,957 | |
640/8 |
400 | 387 | 384 | 348 | 348 | 542 | 856 | 348 | 695 | |
66A |
- | - | - | - | 424 | 2,469 | - | 1,049 | - | |
9901 |
-4,433 | -6,061 | -410 | -15,299 | 24,288 | -11,563 | -12,468 | 60,913 | 48,203 | |
75/76B |
3 | - | - | 15 | - | 1,910 | 5 | - | 7 | |
75 |
3 | - | - | 15 | - | 97 | 5 | - | 7 | |
76B |
- | - | - | - | - | 1,814 | - | - | - | |
65/66B |
67 | 60 | 45 | 86 | 53 | 371 | 75 | 110 | 84 | |
65 |
67 | 60 | 45 | 86 | 53 | 371 | 75 | 110 | 84 | |
9903 |
-4,497 | -6,121 | -456 | -15,369 | 24,235 | -10,024 | -12,538 | 60,802 | 48,126 | |
67/77 |
- | - | - | - | 4,475 | -5,893 | - | 20,444 | 18,108 | |
9904 |
-4,497 | -6,121 | -456 | -15,369 | 19,760 | -4,131 | -12,538 | 40,359 | 30,018 | |
9905 |
-4,497 | -6,121 | -456 | -15,369 | 19,760 | -4,131 | -12,538 | 40,359 | 30,018 | |
| Appropriation of the result | ||||||||||
9906 |
-30,398 | -25,900 | -19,779 | -19,324 | 15,806 | -3,955 | 176 | 41,546 | 30,018 | |
14P |
-25,900 | -19,779 | -19,324 | -3,955 | -3,955 | - | - | - | - | |
791/2 |
- | - | - | 12,685 | - | - | - | - | - | |
691/2 |
- | - | - | - | 19,760 | - | - | 14,545 | 14,545 | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 19,760 | - | - | 14,545 | 12,685 | |
694/7 |
- | - | - | 12,685 | - | - | - | 14,286 | 14,286 | |
694 |
- | - | - | 12,685 | - | - | - | 14,286 | 14,286 | |
| Social balance sheet | ||||||||||
9087 |
- | - | - | - | - | 0.1 | 1.3 | 0.9 | - | |
Hours worked1013 |
- | - | - | - | - | 243 | 2,306 | 1,771 | - | |
| Document | ||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00212049 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00306121 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174609 | |
| 31-12-2022 | micro format | 10-05-2023 | 2023-00085650 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20284425 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-48400292 | |
| 31-12-2019 | micro format | 17-09-2020 | 2020-53700102 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56900187 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-51300136 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| -3,148 | -4,783 | 377 | -14,615 | 25,791 | -8,580 | -4,898 | 67,519 | 50,160 | ||
| -3,212 | -4,843 | 332 | -14,685 | 21,263 | -1,148 | -4,969 | 46,965 | 31,975 | ||
| 1,859 | 0 | 2,742 | 0 | 2,052 | -5,834 | 5,889 | 15,389 | 4,947 | ||
| -4,417 | -2,470 | -31,846 | -3,909 | 21,091 | 18,379 | -24,798 | -1,123 | - | ||
| 9,578 | 14,648 | 19,491 | 22,001 | 49,272 | 30,061 | 25,376 | 36,306 | 18,943 | ||
| 72.1% | 76.3% | 89.1% | 41.7% | 70.6% | 51.9% | 55.6% | 40.0% | 35.0% | ||
| 3.07 | 3.87 | 8.06 | 1.68 | 3.31 | 2.04 | 1.90 | 1.51 | 1.46 | ||
| 0.39 | 0.31 | 0.12 | 1.40 | 0.42 | 0.93 | 0.80 | 1.50 | 1.86 | ||
| -37.6% | -37.2% | -2.0% | -66.7% | 38.7% | -13.2% | -35.4% | 84.1% | 136.9% | ||
| -27.1% | -28.4% | -1.8% | -27.8% | 27.3% | -6.8% | -19.7% | 33.6% | 47.8% | ||
| -47.09 | -79.81 | 8.31 | -169.98 | over 100 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,859 | - | €2,742 | - | €2,052 |
| €1,286 | €1,278 | €788 | €684 | €1,503 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,433, smaller than the loss of €6,061 in 2024.
Debt's share of the balance-sheet total rises from 23.7% to 27.9%. Equity and debt are lower.
SEMOPTI has no parent and no holdings in its annual accounts. MALHERBE Maxime Jean Michel is the only director. SEMOPTI shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Floridalaan 77 registered office 1180 Uccle | 28-10-2016 | 2.258.436.053 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21612C0164/00S012 | 937 m² | 1 · 335 m² | 21.1 m · 6 |
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