SEMS
ActiveSEMS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €286k and a net result of €197k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 18% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+10
Solvency37▲+8
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.93 in 2024; short-term debt: 88.4% and cash: 1.3% of total assets), and 88.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.6%
Return on assets
8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7955 sector peers (2025).
NBB · sector comparisonPosition among 7955 sector peers
Solvency
better than 18%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €286k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-04-2026, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
106 d early
2024
18 d early
2023
7 d early
2022
6 d early
2021
2 d early
2020
4 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€286k▲ 221%
2024 · €89k
2018: €113k
2019: €165k
2020: €145k
2021: €97k
2022: €72k
2023: €83k
2024: €89k
2018 → 2025
Total assets
€2.47M▲ 8.5%
2024 · €2.28M
2018: €3.00M
2019: €2.89M
2020: €2.03M
2021: €1.86M
2022: €3.14M
2023: €2.81M
2024: €2.28M
2018 → 2025
Net result
€197k▲ 3,021%
2024 · €6k
2018: €87k
2019: €482k
2020: €240k
2021: €132k
2022: €155k
2023: €270k
2024: €6k
2018 → 2025
Working capital
€45k
2024 · €-157k
2018: €-410k
2019: €105k
2020: €-85k
2021: €-138k
2022: €-172k
2023: €-160k
2024: €-157k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€72k▼ 25.6%€83k▲ 14.4%€89k▲ 7.6%€286k▲ 221%
Operating result€194k-€223k▲ 15.3%€369k▲ 65.3%€14k▼ 96.2%€255k▲ 1,712%
Net result€132k-€155k▲ 17.5%€270k▲ 74.4%€6k▼ 97.7%€197k▲ 3,021%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,712% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.47M
Fixed assets
€241k▼ 2.1%
Current assets
€2.23M▲ 9.8%
Equity and liabilities €2.47M
Equity
€286k▲ 221%
Debt
€2.19M▼ 0.1%
The debt ratio falls from 96.1% to 88.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€260k▲
2024 · €19k
Cash flow
€202k▲
2024 · €11k
Solvency
11.6%▲
2024 · 3.9%
Current ratio
1.02▲
2024 · 0.93
Quick ratio
1.02▲
2024 · 0.93
Debt / equity
7.65▼
2024 · 24.55
ROE
68.8%▲
2024 · 7.1%
ROA
8.0%▲
2024 · 0.3%
Interest coverage
134.42▲
2024 · 6.39
Debt
€2.19M▼
2024 · €2.19M
Debt ≤ 1 year
€2.19M▼
2024 · €2.19M
Income taxes
€68k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.28M€2.47M▲
Fixed assets21/28€246k€241k▼
Tangible fixed assets22/27€246k€241k▼
Furniture and vehicles24€9k€4k▼
Other tangible fixed assets26€237k€237k=
Current assets29/58€2.03M€2.23M▲
Amounts receivable within one year40/41€1.55M€2.20M▲
Trade receivables40€1.09M€1.78M▲
Other amounts receivable41€464k€419k▼
Cash at bank and in hand54/58€300k€33k▼
Deferred charges and accrued income490/1€178k€403▼
Equity and liabilities
Total equity and liabilities10/49€2.28M€2.47M▲
Equity10/15€89k€286k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€21k€218k▲
Amounts payable17/49€2.19M€2.19M▼
Amounts payable within one year42/48€2.19M€2.19M▼
Financial debts43€84k€83k▼
Credit institutions430/8€84k€83k▼
Trade debts44€2.09M€2.09M▼
Suppliers440/4€2.09M€2.09M▼
Advances received on contracts in progress46-€373
Other amounts payable47/48€16k€16k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€1k€7k▲
Gross operating margin9900€20k€267k▲
Operating profit (loss)9901€14k€255k▲
Financial income75/76B€2€11k▲
Recurring financial income75€2€80▲
Non-recurring financial income76B-€11k
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€11k€265k▲
Income taxes67/77€5k€68k▲
Profit (loss) for the period9904€6k€197k▲
Profit (loss) for the period to be appropriated9905€6k€197k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€218k▲
Profit (loss) brought forward from the previous period14P€15k€21k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €286k ▲221%
8 profitable years in a row build equity to €286k.
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €6k ▼97.7%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €482k ▲454%
Operating result €719k, net result €482k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲46.1%
2 profitable years in a row build equity to €165k.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Roeselare · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Warellesgoed 228800 RoeselareGround area
1,283 m²
Building footprint
468 m²
Volume, LiDAR
34 m³
Parcel 36302B1040/00H000, Flanders · tallest building 17.7 m. Linked by address, not a title deed.
1 establishment unit
Warellesgoed 22, 8800 Roeselare
since 19942.064.998.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B1040/00H000 | Flanders | 1,283 m² | 1 · 468 m² | 17.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.064.998.950
Similar companies · same sector, comparable size
VEE - EN VLEESGROOTHANDEL VERMEIREN
BE 0464.960.590
Aartselaar · Eq €286k
CHEZ LE BOUTCHI
BE 0506.729.978
Couvin · Eq €286k
G. VANHERK EN ZONEN
BE 0454.167.064
Oudsbergen · Eq €284k
BACKX CHRIS
BE 0467.636.604
Wetteren · Eq €293k
CARMATMEAT
BE 0506.836.084
Wommelgem · Eq €294k
Of 756 companies in sector 46321 we hold annual accounts for 551. 405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-12-1993
Fiscal year end31-12
Activities, NACEBEL
46321Wholesale of meat and meat products, excluding game and poultry
51321
46190Agents in non-specialised wholesale trade
46389Wholesale of other food products
51384
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.sems.be
E-mail:info@sems.be