Semsen
ActiveSummary
Semsen has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €101,280 and a net result of €43,420. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 5.09 against 3.2 in 2023; short-term debt: 18.4% and cash: 80.7% of total assets), and 18.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
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
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 19-06-2026, 42 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
42 d early
2024
31 d early
2023
33 d early
2022
31 d late
2021
30 d late
2020
5 d early
2019
5 d late
← 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 6 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 30 June (4 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€101,280▲ 75.0%
2023 · €57,859
Total assets
€124,134▲ 57.3%
2023 · €78,937
Net result
€43,420▲ 81.5%
2023 · €23,923
Working capital
€93,423▲ 101%
2023 · €46,397
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,546▼ 89.4%-€4,923€20,232€37,528▲ 85.5%€64,321▲ 71.4%
Net result-€838below the sector's middle half-€7,014below the sector's middle half▼ 737%€12,798within the sector's middle half€23,923within the sector's middle half▲ 86.9%€43,420within the sector's middle half▲ 81.5%
Equity€28,153within the sector's middle half▼ 2.9%€21,138below the sector's middle half▼ 24.9%€33,936within the sector's middle half▲ 60.5%€57,859within the sector's middle half▲ 70.5%€101,280within the sector's middle half▲ 75.0%
Total assets€34,588below the sector's middle half▼ 11.5%€27,919below the sector's middle half▼ 19.3%€48,995below the sector's middle half▲ 75.5%€78,937below the sector's middle half▲ 61.1%€124,134within the sector's middle half▲ 57.3%
Debt€6,436▼ 36.3%€6,781▲ 5.4%€15,059▲ 122%€21,078▲ 40.0%€22,854▲ 8.4%
Working capital€27,566within the sector's middle half▼ 0.3%€20,897within the sector's middle half▼ 24.2%€32,288within the sector's middle half▲ 54.5%€46,397within the sector's middle half▲ 43.7%€93,423within the sector's middle half▲ 101%
Solvency81.4%above the sector's middle half▲ 7.2pp75.7%within the sector's middle half▼ 5.7pp69.3%within the sector's middle half▼ 6.4pp73.3%within the sector's middle half▲ 4.0pp81.6%above the sector's middle half▲ 8.3pp
Current ratio5.28above the sector's middle half▲ 1.554.08within the sector's middle half▼ 1.203.14within the sector's middle half▼ 0.943.20within the sector's middle half▲ 0.065.09above the sector's middle half▲ 1.89
Return on assets (ROA)-2.4%below the sector's middle half▼ 44.9pp-25.1%below the sector's middle half▼ 22.7pp26.1%within the sector's middle half▲ 51.2pp30.3%above the sector's middle half▲ 4.2pp35.0%above the sector's middle half▲ 4.7pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 71% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124,134
Fixed assets
€7,856 ▼ 31.5%
Current assets
€116,277 ▲ 72.3%
Equity and liabilities €124,134
Equity
€101,280 ▲ 75.0%
Debt
€22,854 ▲ 8.4%
Debt's share of the balance-sheet total falls from 26.7% to 18.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67,927▲
2023 · €40,077
Cash flow
€47,026▲
2023 · €26,473
Debt to equity
0.23▼
2023 · 0.36
ROE
42.9%▲
2023 · 41.3%
Interest coverage
14.73▼
2023 · 15.15
Debt ≤ 1 year
€22,854▲
2023 · €21,078
Income taxes
€16,289▲
2023 · €10,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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%.
| 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 26,975 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €761 | €339 | €760 | €2,549 | €3,606 | ▲ 41.4% |
| Other operating charges640/8 | - | €1,155 | €560 | €516 | €505 | ▼ 2.1% |
| Gross operating margin9900 | €4,270 | -€3,429 | €21,551 | €40,593 | €68,432 | ▲ 68.6% |
| Operating profit (loss)9901 | €2,546 | -€4,923 | €20,232 | €37,528 | €64,321 | ▲ 71.4% |
| Financial income75/76B | - | €408 | €235 | €0 | - | - |
| Recurring financial income75 | €341 | €408 | €235 | €0 | - | - |
| Financial charges65/66B | - | €2,124 | €1,310 | €2,645 | €4,612 | ▲ 74.3% |
| Recurring financial charges65 | €1,776 | €2,124 | €1,310 | €2,645 | €4,612 | ▲ 74.3% |
| Profit (loss) for the period before taxes9903 | €1,111 | -€6,639 | €19,157 | €34,883 | €59,709 | ▲ 71.2% |
| Income taxes67/77 | €1,948 | €375 | €6,359 | €10,959 | €16,289 | ▲ 48.6% |
| Profit (loss) for the period9904 | -€838 | -€7,014 | €12,798 | €23,923 | €43,420 | ▲ 81.5% |
| Profit (loss) for the period to be appropriated9905 | -€838 | -€7,014 | €12,798 | €23,923 | €43,420 | ▲ 81.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,588 | €27,919 | €48,995 | €78,937 | €124,134 | ▲ 57.3% |
| Fixed assets21/28 | €587 | €248 | €1,648 | €11,462 | €7,856 | ▼ 31.5% |
| Tangible fixed assets22/27 | €587 | €248 | €1,648 | €11,462 | €7,856 | ▼ 31.5% |
| Plant, machinery and equipment23 | - | - | €774 | €1,725 | €774 | ▼ 55.2% |
| Furniture and vehicles24 | - | - | €825 | €9,737 | €7,083 | ▼ 27.3% |
| Other tangible fixed assets26 | - | €248 | €50 | - | - | - |
| Current assets29/58 | €34,002 | €27,672 | €47,346 | €67,475 | €116,277 | ▲ 72.3% |
| Amounts receivable within one year40/41 | €19,030 | €12,322 | €23,830 | €11,280 | €15,793 | ▲ 40.0% |
| Trade receivables40 | - | €7,210 | €18,402 | €10,882 | €12,500 | ▲ 14.9% |
| Other amounts receivable41 | - | €5,112 | €5,428 | €398 | €3,293 | ▲ 728% |
| Cash at bank and in hand54/58 | €14,972 | €15,240 | €22,495 | €54,855 | €100,146 | ▲ 82.6% |
| Deferred charges and accrued income490/1 | - | €110 | €1,021 | €1,340 | €338 | ▼ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,588 | €27,919 | €48,995 | €78,937 | €124,134 | ▲ 57.3% |
| Equity10/15 | €28,153 | €21,138 | €33,936 | €57,859 | €101,280 | ▲ 75.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | €8,738 | €21,536 | €45,459 | €88,880 | ▲ 95.5% |
| Distributable reserves133 | - | €8,738 | €21,536 | €45,459 | €88,880 | ▲ 95.5% |
| Profit (loss) carried forward14 | €15,753 | - | - | - | - | - |
| Amounts payable17/49 | €6,436 | €6,781 | €15,059 | €21,078 | €22,854 | ▲ 8.4% |
| Amounts payable within one year42/48 | €6,436 | €6,775 | €15,059 | €21,078 | €22,854 | ▲ 8.4% |
| Financial debts43 | - | €337 | €3 | €3 | - | - |
| Credit institutions430/8 | - | €337 | €3 | €3 | - | - |
| Trade debts44 | €499 | €1,021 | €4,006 | €4,536 | €1,637 | ▼ 63.9% |
| Suppliers440/4 | - | €1,021 | €4,006 | €4,536 | €1,637 | ▼ 63.9% |
| Taxes, remuneration and social security45 | - | €5,417 | €11,050 | €10,202 | €12,869 | ▲ 26.1% |
| Taxes450/3 | - | €5,417 | €11,050 | €10,202 | €12,869 | ▲ 26.1% |
| Other amounts payable47/48 | - | - | - | €6,338 | €8,347 | ▲ 31.7% |
| Accrued charges and deferred income492/3 | - | €6 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€838 | -€7,014 | €12,798 | €23,923 | €43,420 | ▲ 81.5% |
| + Depreciation and write-downs630 | €761 | €339 | €760 | €2,549 | €3,606 | ▲ 41.4% |
| Operating cash flow (approximation) | -€77 | -€6,675 | €13,558 | €26,473 | €47,026 | ▲ 77.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,160 | -€12,363 | €0 | ▲ 100% |
| Change in cash | - | €268 | €7,255 | €32,360 | €45,291 | ▲ 40.0% |
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 2026, expected by
2026
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €43,420 ▲81.5%
Operating result €64,321, net result €43,420, both a record.
31-12
Financial
Equity above €100,000Eq €101,280 ▲75%
3 profitable years in a row build equity to €101,280.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €12,798
Net result €12,798 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€7,014
Net result drops to -€7,014, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2018
Ground area
1,050 m²
Building footprint
165 m²
Volume, LiDAR
1,310 m³
Parcel 11812M0064/00E003, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Semsen
since 20182.276.737.181
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11812M0064/00E003 | Flanders | 1,050 m² | 1 · 165 m² | 14.5 m · 3 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 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,617 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
Founded26-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695525632
Also
9925:BE0695525632
Registered
02-07-2025
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.