SEMTECH
ActiveSummary
The computed 12-month bankruptcy probability of SEMTECH is 2.3% (moderate). The 2024 annual accounts show equity of €145k and a net result of €47k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+2
Solvency35▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.85 in 2023; short-term debt: 38.8% and cash: 0% of total assets), and 89.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
23 d late
2022
70 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€145k▲ 1.5%
2023 · €142k
Total assets
€1.41M▼ 9.0%
2023 · €1.55M
Net result
€47k▲ 61.3%
2023 · €29k
Working capital
€-123k▼ 47.3%
2023 · €-84k
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
Line2021202220232024
Operating result€163k-€147k▼ 10.0%€56k▼ 61.9%€77k▲ 38.1%
Net result€152k-€136k▼ 10.2%€29k▼ 78.6%€47k▲ 61.3%
Equity€67k-€113k▲ 69.4%€142k▲ 25.8%€145k▲ 1.5%
Total assets€295k-€1.12M▲ 278%€1.55M▲ 38.4%€1.41M▼ 9.0%
Debt€229k-€1.00M▲ 339%€1.40M▲ 39.9%€1.26M▼ 10.1%
Working capital€-2k-€-128k▼ 7,424%€-84k▲ 34.8%€-123k▼ 47.3%
Staff (FTE)0.9-3.3▲ 267%3.6▲ 9.1%4.1▲ 13.9%
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 2024; 2024 is 38% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.41M
Fixed assets
€983k ▼ 7.8%
Current assets
€423k ▼ 11.8%
Equity and liabilities €1.41M
Equity
€145k ▲ 1.5%
Debt
€1.26M ▼ 10.1%
Debt's share of the balance-sheet total falls from 90.8% to 89.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€184k▲
2023 · €160k
Cash flow
€154k▲
2023 · €133k
Current ratio
0.77▼
2023 · 0.85
Quick ratio
0.65▼
2023 · 0.75
Debt to equity
8.72▼
2023 · 9.85
ROE
32.6%▲
2023 · 20.5%
ROA
3.4%▲
2023 · 1.9%
Interest coverage
6.38▲
2023 · 5.95
Debt ≤ 1 year
€546k▼
2023 · €563k
Debt > 1 year
€702k▼
2023 · €824k
Income taxes
€1k▲
2023 · €530
Staff costs
€205k▲
2023 · €144k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €42k | €85k | €144k | €205k | ▲ 41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €76k | €104k | €107k | ▲ 2.6% |
| Other operating charges640/8 | €29k | €4k | €10k | €10k | ▲ 8.6% |
| Gross operating margin9900 | €253k | €312k | €314k | €400k | ▲ 27.2% |
| Operating profit (loss)9901 | €163k | €147k | €56k | €77k | ▲ 38.1% |
| Financial income75/76B | €1k | €198 | €687 | €147 | ▼ 78.6% |
| Recurring financial income75 | €1k | €198 | €687 | €147 | ▼ 78.6% |
| Financial charges65/66B | €3k | €11k | €27k | €29k | ▲ 7.3% |
| Recurring financial charges65 | €3k | €11k | €27k | €29k | ▲ 7.3% |
| Profit (loss) for the period before taxes9903 | €162k | €136k | €30k | €49k | ▲ 63.4% |
| Income taxes67/77 | €10k | - | €530 | €1k | ▲ 180% |
| Profit (loss) for the period9904 | €152k | €136k | €29k | €47k | ▲ 61.3% |
| Profit (loss) for the period to be appropriated9905 | €152k | €136k | €29k | €47k | ▲ 61.3% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €295k | €1.12M | €1.55M | €1.41M | ▼ 9.0% |
| Fixed assets21/28 | €96k | €902k | €1.07M | €983k | ▼ 7.8% |
| Intangible fixed assets21 | €27k | €57k | €49k | €41k | ▼ 16.2% |
| Tangible fixed assets22/27 | €67k | €845k | €1.02M | €942k | ▼ 7.4% |
| Land and buildings22 | - | €763k | €782k | €748k | ▼ 4.4% |
| Plant, machinery and equipment23 | €18k | €21k | €31k | €33k | ▲ 6.5% |
| Furniture and vehicles24 | - | €24k | €34k | €35k | ▲ 4.3% |
| Leasing and similar rights25 | €49k | €37k | €169k | €125k | ▼ 26.3% |
| Financial fixed assets28 | €2k | - | - | - | - |
| Current assets29/58 | €199k | €214k | €479k | €423k | ▼ 11.8% |
| Stocks and contracts in progress3 | €32k | €48k | €57k | €66k | ▲ 17.1% |
| Stocks30/36 | €32k | €48k | €57k | €66k | ▲ 17.1% |
| Amounts receivable within one year40/41 | €159k | €148k | €124k | €276k | ▲ 122% |
| Trade receivables40 | €144k | €108k | €114k | €266k | ▲ 133% |
| Other amounts receivable41 | €15k | €40k | €10k | €10k | ▲ 1.0% |
| Cash at bank and in hand54/58 | €7k | €16k | €16k | €60 | ▼ 99.6% |
| Deferred charges and accrued income490/1 | €1k | €2k | €283k | €80k | ▼ 71.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €295k | €1.12M | €1.55M | €1.41M | ▼ 9.0% |
| Equity10/15 | €67k | €113k | €142k | €145k | ▲ 1.5% |
| Contributions10/11 | €15k | €15k | €15k | €15k | = |
| Reserves13 | €52k | €98k | €127k | €130k | ▲ 1.6% |
| Distributable reserves133 | €52k | €98k | €127k | €130k | ▲ 1.6% |
| Amounts payable17/49 | €229k | €1.00M | €1.40M | €1.26M | ▼ 10.1% |
| Amounts payable after more than one year17 | €28k | €661k | €824k | €702k | ▼ 14.8% |
| Financial debts170/4 | €28k | €661k | €824k | €702k | ▼ 14.8% |
| Amounts payable within one year42/48 | €201k | €342k | €563k | €546k | ▼ 3.0% |
| Current portion of amounts payable after more than one year42 | €14k | €49k | €82k | €84k | ▲ 2.7% |
| Financial debts43 | - | - | €50k | - | - |
| Credit institutions430/8 | - | - | €50k | - | - |
| Trade debts44 | €72k | €175k | €80k | €302k | ▲ 276% |
| Suppliers440/4 | €72k | €175k | €80k | €302k | ▲ 276% |
| Advances received on contracts in progress46 | - | €164 | €96k | - | - |
| Taxes, remuneration and social security45 | €15k | €29k | €34k | €81k | ▲ 141% |
| Taxes450/3 | €10k | €16k | €10k | €37k | ▲ 280% |
| Remuneration and social security454/9 | €6k | €13k | €24k | €44k | ▲ 83.6% |
| Other amounts payable47/48 | €100k | €90k | €221k | €79k | ▼ 64.3% |
| Accrued charges and deferred income492/3 | - | - | €16k | €13k | ▼ 17.2% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €152k | €136k | €29k | €47k | ▲ 61.3% |
| + Depreciation and write-downs630 | €19k | €76k | €104k | €107k | ▲ 2.6% |
| Operating cash flow (approximation) | €171k | €212k | €133k | €154k | ▲ 15.4% |
| Investment in fixed assets (approximation) | - | €-881k | €-268k | €-24k | ▲ 91.1% |
| Change in cash | - | €9k | €-668 | €-15k | ▼ 2,212% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet €29k ▼78.6%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Equity above €100kEq €113k ▲69.4%
2 profitable years in a row build equity to €113k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Ninove · 1 establishment unit since 2020
Ground area
213 m²
Building footprint
152 m²
Volume, LiDAR
799 m³
Parcel 41055B0621/00S002, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SEMTECH
since 20202.308.207.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41055B0621/00S002 | Flanders | 213 m² | 1 · 152 m² | 6.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,007 EUR awarded · 3,123 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 374 EUR | 374 EUR |
| 2024 | 1 | 1,203 EUR | 1,758 EUR |
| 2023 | 1 | 656 EUR | 217 EUR |
| 2022 | 1 | 774 EUR | 774 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,637 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
Founded30-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
43211General electrical installation work
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43320Joinery installation
46647Wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.