Semois Midco
Semois Midco and the 21 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 21 of the 21 Belgian companies (fiscal years 2024-2026). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Semois Midco also files consolidated accounts (fiscal year 2024): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- The parent itself: Semois Midco, healthy (61/100).
- 1 company with negative equity: ARDENT CASINO INTERNATIONAL (-€4.0m).
- 10 companies with a loss in the latest year: HQ1 (-€18.3m), CASINO DE SPA (-€1.4m), 9ALIKE (-€699,299), NAMUR CASINO RESORT (-€565,753), ARDENT CASINO INTERNATIONAL (-€257,130), Semois Bidco (-€79,963) and 4 more.
- 5 companies no longer active in the register: ARDENT CASINO BELGIUM, BOWLING GOSSELIES, EURO 78, LUCKY BET, STARDUWEB HOLDING.
- 52.2% of the added-up total assets sits in one company: HQ1.
- 23.5% of the added-up total assets sits at companies with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- Semois Midco1 subsidiaryHealthy · 61€26.6m €26.6m 2024
- Semois Bidco1 subsidiaryNo verdict€32.9m €32.5m 2024
- CIRCUS SERVICES2 subsidiariesHealthy · 72€13.3m €12.9m 2024
- HQ19 subsidiariesNo verdict€430.7m €7.8m 2024
- Healthy · 67€203,555 €143,212 2024
- ARDENT CASINO BELGIUM2 subsidiariesElevated€152.5m €152.5m 2025
- Healthy · 78€39.4m €23.9m 2024
- Healthy · 64€36.1m €14.9m 2024
- ARDENT CASINO INTERNATIONAL1 subsidiaryElevated · 44€35.8m -€4.0m 2024
- CIRCUS CASINO FRANCE
- Elevated€1.7m €1.4m 2024
- BSMANAGEMENT1 subsidiaryNo verdict€1.3m €1.3m 2026
- Elevated€639,127 €639,127 2026
- Healthy · 83€8.2m €6.2m 2024
- Fair · 51€21.0m €70,705 2024
- Fair · 54€1.3m €432,480 2024
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Shared directors
Who sits on the boards of several group companies. This is where control over the group sits in practice.
- 4
- 3
- 3
- 2
- 2
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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Company renamed to GAMBLING REAL ESTATE
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3 directors appointed
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2 directors appointed, 2 directors resigning
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Dissolution of the company
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Share cancellation
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Dissolution of the company
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Registered office moved from Liège to Grobbendonk
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Registered office moved from Liège to Grobbendonk
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Dissolution of the company
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Dissolution of the company
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Dissolution of the company
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Discharge granted to the board
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Discharge granted to the board
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Dissolution with immediate closure of the liquidation
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Dissolution with immediate closure of the liquidation
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Discharge granted to the board
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Discharge granted to the board
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 27-09-2026