Semtext
ActiveSummary
Semtext has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-65k) and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 201 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+23
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.1 in 2023; short-term debt: 146.1% and cash: 33% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-114.6%
Return on assets
32%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 60
Relative position
BE, all sectors
reference
Programming, broadcasting, news agency and other content distribution activities (NACE 60)
about 22% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 201 sector peers (2024).
NBB · sector comparisonPosition among 201 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
146 d late
2022
59 d late
2021
59 d late
2020
30 d late
2019
115 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-65k▲ 21.9%
2023 · €-83k
2018: €13khighest in 7 years
2019: €-27k▼ -303% vs 2018
2020: €-70k▼ -158% vs 2019
2021: €-91k▼ -30.2% vs 2020lowest in 7 years
2022: €-86k▲ +5.1% vs 2021
2023: €-83k▲ +3.9% vs 2022
2024: €-65k▲ +21.9% vs 2023
2018 → 2024
Total assets
€56k▲ 6.5%
2023 · €53k
2018: €140khighest in 7 years
2019: €104k▼ -25.9% vs 2018
2020: €95k▼ -8.3% vs 2019
2021: €80k▼ -15.8% vs 2020
2022: €74k▼ -7.8% vs 2021
2023: €53k▼ -28.1% vs 2022lowest in 7 years
2024: €56k▲ +6.5% vs 2023
2018 → 2024
Net result
€18k▲ 441%
2023 · €3k
2018: €-25k
2019: €-40k▼ -63.6% vs 2018
2020: €-43k▼ -5.9% vs 2019lowest in 7 years
2021: €-21k▲ +50.7% vs 2020
2022: €5k▲ +122% vs 2021
2023: €3k▼ -28.0% vs 2022
2024: €18k▲ +441% vs 2023highest in 7 years
2018 → 2024
Working capital
€-62k▲ 17.3%
2023 · €-75k
2018: €44khighest in 7 years
2019: €5k▼ -88.8% vs 2018
2020: €-41k▼ -935% vs 2019
2021: €-64k▼ -56.1% vs 2020
2022: €-64k▼ -0.7% vs 2021
2023: €-75k▼ -17.9% vs 2022lowest in 7 years
2024: €-62k▲ +17.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-70k-€-91k▼ 30.2%€-86k▲ 5.1%€-83k▲ 3.9%€-65k▲ 21.9%
2020: €-70k
2021: €-91k▼ -30.2% vs 2020lowest in 5 years
2022: €-86k▲ +5.1% vs 2021
2023: €-83k▲ +3.9% vs 2022
2024: €-65k▲ +21.9% vs 2023highest in 5 years
Operating result€-40k-€-16k▲ 60.6%€7k€7k▲ 1.7%€20k▲ 175%
2020: €-40klowest in 5 years
2021: €-16k▲ +60.6% vs 2020
2022: €7k▲ +146% vs 2021
2023: €7k▲ +1.7% vs 2022
2024: €20k▲ +175% vs 2023highest in 5 years
Net result€-43k-€-21k▲ 50.7%€5k€3k▼ 28.0%€18k▲ 441%
2020: €-43klowest in 5 years
2021: €-21k▲ +50.7% vs 2020
2022: €5k▲ +122% vs 2021
2023: €3k▼ -28.0% vs 2022
2024: €18k▲ +441% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 175% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56k
Fixed assets
€36k ▼ 18.6%
Current assets
€20k ▲ 144%
Key figures and ratios
EBITDA
€31k▲
2023 · €18k
Cash flow
€29k▲
2023 · €14k
Solvency
-114.6%▲
2023 · -156.3%
Current ratio
0.24▲
2023 · 0.10
Debt to equity
-1.87▼
2023 · -1.64
ROA
32.0%▲
2023 · 6.3%
Interest coverage
17.42▲
2023 · 9.31
Debt
€121k▼
2023 · €136k
Debt ≤ 1 year
€82k▼
2023 · €84k
Debt > 1 year
€39k▼
2023 · €52k
Income taxes
€140▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€53k€56k▲
Fixed assets21/28€45k€36k▼
Intangible fixed assets21€21k€15k▼
Tangible fixed assets22/27€24k€21k▼
Plant, machinery and equipment23€23k€20k▼
Furniture and vehicles24€856€717▼
Current assets29/58€8k€20k▲
Amounts receivable within one year40/41€611€1k▲
Trade receivables40€607€1k▲
Other amounts receivable41€4-
Cash at bank and in hand54/58€8k€19k▲
Equity and liabilities
Total equity and liabilities10/49€53k€56k▲
Equity10/15€-83k€-65k▲
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-94k€-76k▲
Amounts payable17/49€136k€121k▼
Amounts payable after more than one year17€52k€39k▼
Financial debts170/4€52k€39k▼
Amounts payable within one year42/48€84k€82k▼
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€904€1k▲
Suppliers440/4€904€1k▲
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€66k€64k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€20k€33k▲
Operating profit (loss)9901€7k€20k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€5k€18k▲
Income taxes67/77€2k€140▼
Profit (loss) for the period9904€3k€18k▲
Profit (loss) for the period to be appropriated9905€3k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-94k€-76k▲
Profit (loss) brought forward from the previous period14P€-98k€-94k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €11k | €11k | €11k | ▲ 1.1% |
| Other operating charges640/8 | - | €2k | €1k | €2k | €1k | ▼ 17.5% |
| Gross operating margin9900 | €-28k | €-4k | €19k | €20k | €33k | ▲ 63.0% |
| Operating profit (loss)9901 | €-40k | €-16k | €7k | €7k | €20k | ▲ 175% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | €1 | - | €0 | €0 | - | - |
| Financial charges65/66B | - | €5k | €2k | €2k | €2k | ▼ 8.9% |
| Recurring financial charges65 | €3k | €5k | €2k | €2k | €2k | ▼ 8.9% |
| Profit (loss) for the period before taxes9903 | €-43k | €-21k | €5k | €5k | €18k | ▲ 243% |
| Income taxes67/77 | €117 | €116 | €237 | €2k | €140 | ▼ 92.9% |
| Profit (loss) for the period9904 | €-43k | €-21k | €5k | €3k | €18k | ▲ 441% |
| Profit (loss) for the period to be appropriated9905 | €-43k | €-21k | €5k | €3k | €18k | ▲ 441% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95k | €80k | €74k | €53k | €56k | ▲ 6.5% |
| Fixed assets21/28 | €73k | €63k | €56k | €45k | €36k | ▼ 18.6% |
| Intangible fixed assets21 | €37k | €32k | €26k | €21k | €15k | ▼ 26.7% |
| Tangible fixed assets22/27 | €36k | €31k | €29k | €24k | €21k | ▼ 11.6% |
| Plant, machinery and equipment23 | - | €30k | €28k | €23k | €20k | ▼ 11.5% |
| Furniture and vehicles24 | - | €1k | €995 | €856 | €717 | ▼ 16.2% |
| Current assets29/58 | €22k | €17k | €18k | €8k | €20k | ▲ 144% |
| Amounts receivable within one year40/41 | €5k | €8k | €8k | €611 | €1k | ▲ 125% |
| Trade receivables40 | - | €8k | €8k | €607 | €1k | ▲ 127% |
| Other amounts receivable41 | - | €8 | €21 | €4 | - | - |
| Cash at bank and in hand54/58 | €17k | €9k | €10k | €8k | €19k | ▲ 146% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95k | €80k | €74k | €53k | €56k | ▲ 6.5% |
| Equity10/15 | €-70k | €-91k | €-86k | €-83k | €-65k | ▲ 21.9% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-81k | €-102k | €-98k | €-94k | €-76k | ▲ 19.2% |
| Amounts payable17/49 | €165k | €171k | €160k | €136k | €121k | ▼ 10.8% |
| Amounts payable after more than one year17 | €102k | €90k | €78k | €52k | €39k | ▼ 25.7% |
| Financial debts170/4 | - | €90k | €78k | €52k | €39k | ▼ 25.7% |
| Amounts payable within one year42/48 | €62k | €80k | €82k | €84k | €82k | ▼ 1.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13k | €13k | ▲ 2.6% |
| Trade debts44 | €1k | €2k | €600 | €904 | €1k | ▲ 46.5% |
| Suppliers440/4 | - | €2k | €600 | €904 | €1k | ▲ 46.5% |
| Taxes, remuneration and social security45 | - | €7k | €2k | €4k | €3k | ▼ 11.9% |
| Taxes450/3 | - | €5k | €2k | €4k | €3k | ▼ 11.9% |
| Remuneration and social security454/9 | - | €2k | - | - | - | - |
| Other amounts payable47/48 | - | €72k | €79k | €66k | €64k | ▼ 2.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-43k | €-21k | €5k | €3k | €18k | ▲ 441% |
| + Depreciation and write-downs630 | €10k | €10k | €11k | €11k | €11k | ▲ 1.1% |
| Operating cash flow (approximation) | €-32k | €-11k | €15k | €14k | €29k | ▲ 104% |
| Investment in fixed assets (approximation) | - | €-1 | €-4k | €0 | €-3k | - |
| Change in cash | - | €-8k | €739 | €-2k | €11k | ▲ 563% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €18k ▲441%
Operating result €20k, net result €18k, both a record.
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 146 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 4 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2007
Ground area
174 m²
Building footprint
92 m²
Volume, LiDAR
706 m³
Parcel 44815F0694/00A000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SEMTEXT
since 20072.166.085.323
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F0694/00A000 | Flanders | 174 m² | 1 · 92 m² | 10.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 18,801 EUR awarded · 18,801 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,035 EUR | 5,035 EUR |
| 2024 | 1 | 4,862 EUR | 4,862 EUR |
| 2023 | 1 | 4,669 EUR | 4,669 EUR |
| 2022 | 1 | 4,235 EUR | 4,235 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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WALEM’S VALUES
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Of 719 companies in sector 60310 we hold annual accounts for 157. 87 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 (pre-2019)
Founded19-10-2007
Fiscal year end31-12
Activities, NACEBEL 2025
60310News agency activities
Scores and ratios are computed by Checked and are not a credit decision.