SEMCONSTRUCT
Open bankruptcySummary
A bankruptcy procedure is open for SEMCONSTRUCT according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €34k and a net result of €-11k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192121222324
2019 to 2024 · latest year €-11k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 17%
← 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 10-10-2025, 71 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
71 d late
2023
180 d late
2022
31 d late
2021
60 d late
2021
58 d late
2020
77 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€34k▼ 24.5%
2023 · €45k
2019: €41k
2021: €47k
2021: €41k
2022: €47k▲ +15.5% vs 2021highest in 6 years
2023: €45k▼ -5.3% vs 2022
2024: €34k▼ -24.5% vs 2023lowest in 6 years
2019 → 2024
Total assets
€235k▼ 21.1%
2023 · €298k
2019: €166klowest in 6 years
2021: €230k
2021: €242k
2022: €296k▲ +22.3% vs 2021
2023: €298k▲ +0.4% vs 2022highest in 6 years
2024: €235k▼ -21.1% vs 2023
2019 → 2024
Net result
€-11k▼ 337%
2023 · €-3k
2019: €4k
2021: €3k
2021: €-6k
2022: €6k▲ +210% vs 2021highest in 6 years
2023: €-3k▼ -140% vs 2022
2024: €-11k▼ -337% vs 2023lowest in 6 years
2019 → 2024
Working capital
€40k▼ 40.6%
2023 · €68k
2019: €22klowest in 6 years
2021: €41k
2021: €39k
2022: €45k▲ +16.1% vs 2021
2023: €68k▲ +51.9% vs 2022highest in 6 years
2024: €40k▼ -40.6% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212021202220232024Trend
Equity€47k-€41k▼ 12.4%€47k▲ 15.5%€45k▼ 5.3%€34k▼ 24.5%
2021: €47k
2021: €41k
2022: €47k▲ +15.5% vs 2021highest value
2023: €45k▼ -5.3% vs 2022
2024: €34k▼ -24.5% vs 2023lowest value
Operating result€7k-€-3k€17k€5k▼ 69.4%€-61
2021: €7k
2021: €-3klowest value
2022: €17k▲ +652% vs 2021highest value
2023: €5k▼ -69.4% vs 2022
2024: €-61▼ -101% vs 2023
Net result€3k-€-6k€6k€-3k€-11k▼ 337%
2021: €3k
2021: €-6k
2022: €6k▲ +210% vs 2021highest value
2023: €-3k▼ -140% vs 2022
2024: €-11k▼ -337% vs 2023lowest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €235k
Fixed assets
€16k ▲ 176%
Current assets
€218k ▼ 25.1%
Equity and liabilities €235k
Equity
€34k ▼ 24.5%
Debt
€201k ▼ 20.5%
Debt's share of the balance-sheet total rises from 84.9% to 85.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▼
2023 · €8k
Cash flow
€-8k▼
2023 · €663
Current ratio
1.23▼
2023 · 1.30
Quick ratio
0.78▲
2023 · 0.57
Debt to equity
5.92▲
2023 · 5.62
ROE
-32.5%▼
2023 · -5.6%
ROA
-4.7%▼
2023 · -0.8%
Interest coverage
0.27▼
2023 · 1.78
Debt ≤ 1 year
€178k▼
2023 · €224k
Debt > 1 year
€9k▼
2023 · €17k
Income taxes
€473▼
2023 · €3k
Staff costs
€30k▼
2023 · €34k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€298k€235k▼
Fixed assets21/28€6k€16k▲
Tangible fixed assets22/27€4k€16k▲
Furniture and vehicles24€4k€16k▲
Financial fixed assets28€2k-
Current assets29/58€292k€218k▼
Stocks and contracts in progress3€164k€80k▼
Stocks30/36€62k€40k▼
Contracts in progress37€102k€40k▼
Amounts receivable within one year40/41€78k€74k▼
Trade receivables40€53k€48k▼
Other amounts receivable41€25k€26k▲
Cash at bank and in hand54/58€38k€10k▼
Deferred charges and accrued income490/1€11k€54k▲
Equity and liabilities
Total equity and liabilities10/49€298k€235k▼
Equity10/15€45k€34k▼
Contributions10/11€19k€19k=
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14-€-11k
Amounts payable17/49€253k€201k▼
Amounts payable after more than one year17€17k€9k▼
Financial debts170/4€17k€9k▼
Amounts payable within one year42/48€224k€178k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€25k€50k▲
Credit institutions430/8€25k€50k▲
Trade debts44€161k€89k▼
Suppliers440/4€161k€89k▼
Advances received on contracts in progress46€5k-
Taxes, remuneration and social security45€25k€31k▲
Taxes450/3€13k€7k▼
Remuneration and social security454/9€12k€24k▲
Accrued charges and deferred income492/3€12k€14k▲
Income statement
Code20232024
Remuneration, social security and pensions62€34k€30k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€1k€695▼
Gross operating margin9900€44k€34k▼
Operating profit (loss)9901€5k€-61▼
Financial income75/76B-€411
Recurring financial income75-€411
Financial charges65/66B€5k€11k▲
Recurring financial charges65€5k€11k▲
Profit (loss) for the period before taxes9903€519€-11k▼
Income taxes67/77€3k€473▼
Profit (loss) for the period9904€-3k€-11k▼
Profit (loss) for the period to be appropriated9905€-3k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-11k▼
Transfer from equity791/2€3k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13k | €25k | €34k | €30k | ▼ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €3k | €3k | €3k | ▼ 4.2% |
| Other operating charges640/8 | - | €13k | €15k | €1k | €695 | ▼ 43.1% |
| Gross operating margin9900 | €29k | €27k | €60k | €44k | €34k | ▼ 22.4% |
| Operating profit (loss)9901 | €7k | €-3k | €17k | €5k | €-61 | ▼ 101% |
| Financial income75/76B | - | €206 | €2k | - | €411 | - |
| Recurring financial income75 | €2k | €206 | €2k | - | €411 | - |
| Financial charges65/66B | - | €2k | €7k | €5k | €11k | ▲ 129% |
| Recurring financial charges65 | €5k | €2k | €7k | €5k | €11k | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €4k | €-5k | €13k | €519 | €-11k | ▼ 2,135% |
| Income taxes67/77 | €742 | €489 | €6k | €3k | €473 | ▼ 84.5% |
| Profit (loss) for the period9904 | €3k | €-6k | €6k | €-3k | €-11k | ▼ 337% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-6k | €6k | €-3k | €-11k | ▼ 337% |
| Line | 2021 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230k | €242k | €296k | €298k | €235k | ▼ 21.1% |
| Fixed assets21/28 | €9k | €10k | €9k | €6k | €16k | ▲ 176% |
| Tangible fixed assets22/27 | €7k | €8k | €7k | €4k | €16k | ▲ 327% |
| Furniture and vehicles24 | - | €4k | €5k | €4k | €16k | ▲ 327% |
| Other tangible fixed assets26 | - | €4k | €2k | - | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | - | - |
| Current assets29/58 | €221k | €232k | €287k | €292k | €218k | ▼ 25.1% |
| Stocks and contracts in progress3 | €51k | €115k | €148k | €164k | €80k | ▼ 51.3% |
| Stocks30/36 | - | €70k | €61k | €62k | €40k | ▼ 35.7% |
| Contracts in progress37 | - | €45k | €87k | €102k | €40k | ▼ 60.8% |
| Amounts receivable within one year40/41 | €113k | €104k | €128k | €78k | €74k | ▼ 5.3% |
| Trade receivables40 | - | €89k | €76k | €53k | €48k | ▼ 10.0% |
| Other amounts receivable41 | - | €15k | €52k | €25k | €26k | ▲ 4.5% |
| Cash at bank and in hand54/58 | €93 | €3k | €1k | €38k | €10k | ▼ 73.6% |
| Deferred charges and accrued income490/1 | - | €11k | €10k | €11k | €54k | ▲ 384% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230k | €242k | €296k | €298k | €235k | ▼ 21.1% |
| Equity10/15 | €47k | €41k | €47k | €45k | €34k | ▼ 24.5% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €28k | €23k | €29k | €26k | €26k | = |
| Distributable reserves133 | - | €23k | €29k | €26k | €26k | = |
| Profit (loss) carried forward14 | - | - | - | - | €-11k | - |
| Amounts payable17/49 | €183k | €201k | €249k | €253k | €201k | ▼ 20.5% |
| Amounts payable after more than one year17 | - | - | - | €17k | €9k | ▼ 48.8% |
| Financial debts170/4 | - | - | - | €17k | €9k | ▼ 48.8% |
| Amounts payable within one year42/48 | €180k | €193k | €243k | €224k | €178k | ▼ 20.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8k | €8k | ▲ 5.1% |
| Financial debts43 | - | €22k | €25k | €25k | €50k | ▲ 99.9% |
| Credit institutions430/8 | - | €22k | €25k | €25k | €50k | ▲ 99.9% |
| Trade debts44 | €139k | €127k | €143k | €161k | €89k | ▼ 44.8% |
| Suppliers440/4 | - | €127k | €143k | €161k | €89k | ▼ 44.8% |
| Bills of exchange payable441 | - | €228 | - | - | - | - |
| Advances received on contracts in progress46 | - | - | €28k | €5k | - | - |
| Taxes, remuneration and social security45 | - | €13k | €27k | €25k | €31k | ▲ 25.2% |
| Taxes450/3 | - | €4k | €13k | €13k | €7k | ▼ 46.6% |
| Remuneration and social security454/9 | - | €10k | €14k | €12k | €24k | ▲ 106% |
| Other amounts payable47/48 | - | €31k | €20k | - | - | - |
| Accrued charges and deferred income492/3 | - | €8k | €6k | €12k | €14k | ▲ 17.8% |
| Line | 2021 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-6k | €6k | €-3k | €-11k | ▼ 337% |
| + Depreciation and write-downs630 | €5k | €3k | €3k | €3k | €3k | ▼ 4.2% |
| Operating cash flow (approximation) | €8k | €-3k | €10k | €663 | €-8k | ▼ 1,302% |
| Investment in fixed assets (approximation) | - | - | €-2k | €0 | €-13k | - |
| Change in cash | - | - | €-1k | €36k | €-28k | ▼ 176% |
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
2026
01-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 26-03-2026
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 180 days late
2024
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 77 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2018
05-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 35 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Oudsbergen · 1 establishment unit since 2010
Ground area
2,173 m²
Building footprint
308 m²
Volume, LiDAR
856 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SEMCONSTRUCT
since 20102.190.790.332
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72022C0316/00B000 | Flanders | 1,492 m² | 1 · 161 m² | - |
| 72035A0174/00G000 | Flanders | 681 m² | 1 · 147 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE HERMANS ELISABETHWAL 4 BUS 2,
3700 TONGEREN-BORGLOON |
26-03-2026 → present |
| Curator | PIETER WIRIX ELISABETHWAL 4 BUS 2, 3700 TONGEREN-BORG-
LOON |
26-03-2026 → present |
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 6,951 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
Founded05-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.