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SEMTECH

Active Private limited companyfounded 2020active for 6 yearsBrakelsesteenweg 169, 9406 NinoveKBO/BCE: BE 0755.435.802
SEMTECH
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Overview

Lifetime

5 annual accounts with figures on one time axis
peak €506,411 (2025)
€506,411▲ 26.7%
peak €151,835 (2021)
€121,115▲ 157%
peak €155,662 (2025)
€155,662▲ 7.7%
€1.1m▼ 13.6%
Board7 names since 2020
2 directors and 1 other
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from €399,565 to €506,411Result from €47,096 to €121,115Cash from €60 to €1,483

Key points

from the 2025 annual accounts

Result

€121,115 ▲ 157%
€47,1002024€121,0002025

The result rose in 2025 from €47,096 to €121,115.

Debts

€1.1m 87% of the balance sheet
Financial debts 54%Suppliers 16%Taxes and wages 6%Other 24%

Of this, €476,264 falls due within a year.

Investments

€12,572 0.1 × depreciation
20212022202320242025

Green is investment, beige is depreciation.

Staff

5 employees on 31-12-2025
102021202022242023422024422025

In 2025, 4 people joined and 2 left.

Filings

5 annual accounts 3 late
AprilJune31 JulyOctober20222024

The 2022 accounts came latest: 70 days after the end of the period.

Position in the sector

€121,115

Higher net result than 95% of companies in specialised construction. Sector median €10,190 · 35,144 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,712 companies had the same profile as SEMTECH has now. Each dot stands for 17 companies, two years later.

95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the 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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

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 6,712 companies, not a prediction for SEMTECH. 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.

Credit verdict

Credit check for an amount and term of your choice

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.

Signals

Board and ownership

Director
Director,
  • founderdeed of 02-10-2020
  • founderdeed of 02-10-2020
  • founderdeed of 02-10-2020
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0755435802
Resignation: (director) Permanent representative: · Director discharge: · General meeting of 23-11-2023 · Gazette deed
Appointment: (director) Permanent representative: · Gazette deed
Board meeting of 11-08-2022 Gazette deed
All 17 events

Comparable companies

same main activity, similar in size and age
Company
SEMTECH Ninove €1.2m €506,411 12.5% -
EFLC Ciney €1.3m €517,327 8.0% -
Veningua Ranst €1.3m €518,969 35.1% -
Marico Installaties Middelkerke €1.2m €472,203 34.1% 4.3
ELEKTRO BRAM Heuvelland €1.2m €419,591 92.1% -
ELEKTRO FLORQUIN Eupen €1.5m €495,673 16.4% -
Sanitrik Wevelgem €1.2m €418,164 13.5% 4.1

These companies have the same main activity as SEMTECH: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €1.2m and €1.5m, founded between 2020 and 2021.

Official details

Source: KBO
Status
Active since 30-09-2020Normal situation
Activity
General electrical installation workNACE 43211and 7 others
Joint committees
209White-collar workers in metal manufacturing
111Metal, mechanical and electrical engineering · annual accounts 2022
Establishment unit
2.308.207.1499406 Ninove, since 30-09-2020
Financial year end
31 December
Peppol
Reachable since 26-03-2024
Company details

Annual accounts 2025

€506,411▲ 26.7%
≈ €1.1mestimated
€121,115▲ 157%
€155,662▲ 7.7%
€1.2m▼ 11.4%
Employeeson 31-12-2025
5=
Filing
Filed on 15-06-2026, 46 days before the end of the filing period
Financials

Insights on SEMTECH

SEMTECH files the micro format. That format states no turnover. The gross margin rose from €253,234 in 2021 to €506,411 in 2025.

The balance sheet grew most from 2022 to 2023 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 15-06-2026, 46 days before the deadline
€506,411
▲ 26.7%
€151,610
▲ 96.1%
€121,115
▲ 157%
-€114,803
▲ €8,218
12.5%
▲ 2.2 percentage points
0.76
▼ 0.02

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.1m. Estimated: probably between €960,000 and €1.4m.

Balance sheet

balance sheet total €1.2m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

12.5%

Higher than 16% of 35,156 companies in 2025.

0.76

Higher than 13% of 34,529 companies in 2025.

9.7%

Higher than 57% of 34,730 companies in 2025.

SEMTECH Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Staff

€45,441

Staff costs divided by the average number of full-time equivalents.

+2 people

people who joined people who left

In 2025, 4 people joined and 2 left. Training hours in 2025: 30.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 1.2m1.4m1.5m1.1m295,428
21/28 883,685982,7281.1m901,98096,109
21 33,48740,91748,84056,81426,510
22/27 850,198941,8111.0m845,16567,349
22 714,275748,382782,489763,275-
23 28,76033,30931,27321,17817,914
24 27,59535,38933,92923,608-
25 79,568124,731169,33637,10549,435
28 ----2,250
29/58 361,461422,876479,494214,350199,318
3 109,47066,33856,66947,65432,142
30/36 109,47066,33856,66947,65432,142
40/41 247,648275,982124,159148,316159,131
40 239,447265,821114,095107,877143,748
41 8,20110,16110,06440,43915,382
54/58 1,4836015,50316,1716,850
490/1 2,85980,497283,1642,2091,196
Balance sheet: equity and liabilities
10/49 1.2m1.4m1.5m1.1m295,428
10/15 155,662144,547142,452113,24966,835
10/11 15,00015,00015,00015,00015,000
13 140,662129,547127,45298,24951,835
133 140,662129,547127,45298,24951,835
17/49 1.1m1.3m1.4m1.0m228,592
17 590,660702,280824,341660,74427,573
170/4 590,660702,280824,341660,74427,573
42/48 476,264545,897563,005342,337201,019
42 80,15284,20682,02648,86913,750
43 --50,000--
430/8 --50,000--
44 170,397301,81780,336174,78671,740
440/4 170,397301,81780,336174,78671,740
46 --96,000164-
45 69,45880,87733,55428,51915,429
450/3 32,23537,2909,81315,5639,879
454/9 37,22443,58723,74112,9565,550
47/48 156,25678,997221,09090,000100,100
492/3 22,56112,88015,564--
Income statement
9900 506,411399,565314,202311,573253,234
62 236,291204,896144,40684,69141,756
630 106,822106,948104,24475,58319,138
640/8 10,96610,4249,5994,49029,257
66A 722----
9901 151,61077,29755,954146,809163,083
75/76B 1,9151476871981,071
75 1,9151476871981,071
65/66B 23,67828,86426,90910,5932,535
65 23,67828,86426,90910,5932,535
9903 129,84748,58029,732136,414161,620
67/77 8,7331,484530-9,784
9904 121,11547,09629,202136,414151,835
9905 121,11547,09629,202136,414151,835
Appropriation of the result
9906 121,11547,09629,202136,414151,835
691/2 11,1152,09629,20246,41451,835
6921 11,1152,09629,20246,41451,835
694/7 110,00045,000-90,000100,000
695 110,00045,000-90,000100,000
Social balance sheet
9087 5.24.13.63.30.9
Hours worked1013 6,7566,8815,5664,0161,221
Document PDFPDFPDFPDFPDF

The notes to these accounts have 13 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 15-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 15-06-2026 2026-00161718 PDF
31-12-2024 micro format 20-06-2025 2025-00166686 PDF
31-12-2023 micro format 23-08-2024 2024-00377530 PDF
31-12-2022 micro format 09-10-2023 2023-00480821 PDF
31-12-2021 micro format 31-08-2022 2022-20388640 PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €3,007 awarded, €3,123 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€3,007
Year Entries AwardedPaid
2025 1 €374€374
2024 1 €1,203€1,758
2023 1 €656€217
2022 1 €774€774

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
258,432184,245160,198222,392182,221
227,936154,044133,446211,997170,973
12,57223,809280,122883,704115,247
1,424-15,443-6689,321-
-114,803-123,021-83,511-127,987-1,701
12.5%10.3%9.2%10.1%22.6%
0.760.770.850.630.99
0.530.650.750.490.83
7.008.729.858.863.42
77.8%32.6%20.5%120.5%227.2%
9.7%3.4%1.9%12.2%51.4%
10.916.385.9520.9971.89

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date55342
full-time44241
part-time111-1
in full-time equivalents4.84.82.841.8
5.24.13.63.30.9
On a permanent contract55342
Joined44221
Left22400
Training hours3030---

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20252024202320222021
Mortgages, amount registered-€58,300€58,300--
Carrying value of the mortgaged assets-€401,127€415,666--
-€209,000€209,000--

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€12,572€23,809€280,122€846,028€83,096
Intangible fixed assets---€37,675€29,901
Financial fixed assets----€2,250
€106,822€106,948€104,244€75,583€19,138

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SEMTECH

The operating result for 2025 is 96% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 89.7% to 87.5%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, no change since 2023
Director (not named in the articles)
appointed by deed of 28-05-2021
1 other company struck off
Director (not named in the articles), permanent representative
appointed by deed of 28-05-2021
1 other company struck off
Permanent representatives 1
Permanent representative, for
appointed by deed of 28-05-2021

Office holders in the KBO →

Mandates through the years

7 names, the dashed line is today

Director (not named in the articles)

Director (not named in the articles)

Director (not named in the articles)

Director (not named in the articles)

Director

Director

Director
BoardEarlier
Mandates as a list
    • Director (not named in the articles), appointed by deed of 28-05-2021, still in office
    • Director (not named in the articles), appointed by deed of 28-05-2021, still in office
    • Director (not named in the articles), appointed by deed of 23-03-2023, until 23-11-2023
    • Director (not named in the articles), appointed by deed of 28-05-2021, until 31-12-2021
    • Director, appointed by deed of 02-10-2020, until 14-03-2021
    • Director, appointed by deed of 02-10-2020, until 28-02-2021
    • Director, appointed by deed of 02-10-2020, until 31-12-2020

See the board, name and registered office on a given date →

Control

Founders
, ,
This company
SEMTECH
Equity €155,662
Profit €121,115 in 2025

Capital

Contribution
€15,000
Shares
3,000
Contribution per share
€5
Equity per share
€51.89 in 2025
Source
deed of 02-10-2020

Articles of association

deed of 02-10-2020 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en…”

Founders

At incorporation deed of 02-10-2020 ↗
  • founder
  • founder
  • founder

The directors' other companies

2 current directors with another company that went bankrupt, was dissolved or struck off

1 other company of this director was struck off by the FPS Economy (2025).

  • struck off on 27-10-2025appointed in 2025, still in office

1 other company of this director was struck off by the FPS Economy (2025).

  • struck off on 27-10-2025appointed in 2025, still in office

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.

Network & group

No group

SEMTECH has no parent and no holdings in its annual accounts.

At the same address

Brakelsesteenweg 169, 9406 Ninove · 2 other companies
SEMTECH HVACR
registered office since 25-06-2002 · founded in 2002
 total assets €96,414 (2025)
0477.109.940
SEMRENO
registered office since 01-01-2010 · founded in 2009
 total assets €30,588 (2025)
0820.909.416

Connections & network

3 connected companies
Depth
Shared director Shared corporate director Shared corporate director SEMTECH SEMTECH0755.435.802
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
via and · Director (not named in the articles) · deed of 23-12-2025
Founded in 2002 · total assets €96,414 (2025)
via , and (at SEMTECH until 2023) · deed of 12-01-2023
Founded in 2009 · total assets €30,588 (2025)
via · Permanent representative · deed of 23-12-2025
Founded in 2021

Timeline

Timeline

17 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 46 days before the deadline
2025
Equity above €150,000 equity €155,662 ▲7.7% With a profit in every financial year since 2021, equity grows to €155,662.
Annual accounts 2024 filed PDFmicro format · 41 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 23 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0755435802
Resignation: (director)Permanent representative: · Director discharge: · General meeting of 23-11-20234 points ▸
  • General meeting, 23-11-2023
  • Director resignation,
  • Permanent representative,
  • Director discharge,
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2023
Weakest financial year net €29,202 ▼78.6% The net result drops to €29,202, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 70 days late
Appointment: (director)Permanent representative: 2 points ▸
  • Director appointment, (director (not named in the articles))
  • Permanent representative,

Open the deed in the Belgian Official Gazette

2022
Equity above €100,000 equity €113,249 ▲69.4% With a profit in every financial year since 2021, equity grows to €113,249.
Board meeting of 11-08-20221 point ▸
  • Board meeting, 11-08-2022
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · 31 days late
Registered office moved from Brakel to NinoveNew registered office: Brakelsesteenweg 169 9400 Ninove · Previous registered office: Riebeke 21, 9660 Brakel · Board meeting of 19-05-20222 points ▸
  • Board meeting, 19-05-2022
  • Registered-office move, Brakelsesteenweg 169 9400 Ninove

Open the deed in the Belgian Official Gazette

1 director resigning · Permanent representatives: and · Director discharge: · General meeting of 13-12-20215 points ▸
  • General meeting, 13-12-2021
  • Director resignation,
  • Permanent representative,
  • Director discharge,
  • Permanent representative,
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2021
3 directors appointed, 3 resignationsResignations: , and · Appointments: , and · Permanent representatives: , and · General meeting of 10-03-202114 points ▸
  • General meeting, 29-12-2020
  • Director resignation, (director (not named in the articles))
  • Director discharge,
  • Director appointment, (director (not named in the articles))
  • Permanent representative,
  • General meeting, 10-03-2021
  • Director resignation, (director (not named in the articles))
  • Director resignation, (director (not named in the articles))
  • Director discharge,
  • Director discharge,
  • Director appointment, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • Permanent representative,
  • Permanent representative,

Open the deed in the Belgian Official Gazette

2020
IncorporationFounding capital of €15,000, 3,000 shares · Founders: , and · Appointments: , and · published on 02-10-20208 points ▸
  • Founder,
  • Founder,
  • Founder,
  • Founding capital, €15,000, 3,000 shares
  • Director appointment,
  • Director appointment,
  • Director appointment,
  • Power of attorney,
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

First establishment Brakelsesteenweg 169, Ninove

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

SEMTECH was incorporated on 30 September 2020 as a private limited company by three natural persons, with a starting capital of €15,000.12 The registered office was moved to Ninove in 2022.3 The board currently has 2 members.4 Total assets rose from €295,428 in 2021 to €1.2m in 2025 and headcount from 0.9 to 5.2 full-time equivalents.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-10-2020
  3. 3Belgian Official Gazette, 27-07-2022
  4. 4Belgian Official Gazette, 28-05-2021
  5. 5National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0755.435.802
VAT number
BE 0755.435.802
Peppol ID
0208:0755435802
Other Peppol ID
9925:BE0755435802
Legal form
Private limited company
Status
Active, normal situation
Founded
30-09-2020
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 02-10-2020 (in Dutch)
Peppol
Reachable since 26-03-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SEMTECH in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-10-2020 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
“Riebeke 21, 9660 Brakel”
deed of 02-10-2020 (in Dutch)

Activities

NACEBEL 2025
VAT activities
43211 General electrical installation work main activity
28250 Manufacture of machinery and equipment not elsewhere classified
43222 Installation of electric heating, air conditioning, cooling and ventilation
43230 Insulation installation
43320 Joinery installation
46647 Wholesale trade
71121 Engineering and related technical consultancy, excluding land surveyors
Social security (RSZ) activities
33120 Repair and maintenance of machinery main activity
Joint committees annual accounts 2022
JC 209 White-collar workers in metal manufacturing
JC 111 Metal, mechanical and electrical engineering
Codes under NACEBEL 2008
VAT activities
43211 Specialised construction activities main activity
28250 Manufacture of machinery and equipment not elsewhere classified
43222 Specialised construction activities
43291 Specialised construction activities
43320 Joinery installation
46697 Wholesale trade
71121 Engineering activities
Social security (RSZ) activities
33120 Repair, maintenance and installation of machinery and equipment main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Klein en groothandel van alle technische materialen; Klein en groothandel in bomen en planten; Aanplant,beheer,vellen en verzorging van…”
14 activities
  1. Klein en groothandel van alle technische materialen
  2. Klein en groothandel in bomen en planten
  3. Aanplant,beheer,vellen en verzorging van bomen
  4. Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe technologieën en hun toepassingen
  5. Sanitair en afwatering
  6. Pmpinstallaties
  7. HVAC en kelinstallaties
  8. Elektriciteit
  9. Dmotica
  10. Aanleg en verkop keukenmateriaal
  11. Ruwbuw
  12. Afwerking,vb.schilderwerken,vleren,stucwerk
  13. Ventilatie
  14. Bouw en onderhoud van mest en afvalwaterverwerkingsinstallaties en drinkwaterinstallaties
deed of 02-10-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Brakelsesteenweg 169 registered office 9406 Ninove 30-09-2020 2.308.207.149
1 former office
  • Riebeke 21, 9660 Brakel until 01-05-2022 · deed of 27-07-2022

Buildings and parcels at the address

Ground area
213 m²
Buildings
152 m²
Volume, LiDAR
799 m³
Tallest building
6.3 m
Buildings to scale, each on its own parcel
152 m², 6.2 m 152 m², 6.2 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
41055B0621/00S002213 m² 1 · 152 m² 6.2 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0755.435.802

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