Financials
Financial year 2025
SEMATEX OPERATIONS from Zele, company number BE0438180672, closed financial year 2025 with a result of € 850,182 after tax. For that financial year SEMATEX OPERATIONS recorded a gross margin of € 2.1 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 738,531 to € 850,182. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 28, 2026.
€ 3 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 850,182
▲ 15% vs 2024
Profit after tax over the fiscal year.
€ 675,553
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 350,000 paid out
41 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
40.4
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 9% vs 2024
€ 28,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,871
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 317,973
▲ 81% vs 2024
Loans from banks and other lenders, long and short.
€ 272,240
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 111,383
▼ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,415,946 | € 3,663,200 | € 2,785,726 | € 2,054,046 | ▼ 26% |
| Profit after taxes | € 579,799 | € 1,259,122 | € 738,531 | € 850,182 | ▲ 15% |
| Equity | € 2,456,456 | € 3,715,578 | € 2,487,439 | € 2,987,621 | ▲ 20% |
| Total debts | € 2,095,451 | € 4,386,065 | € 1,211,427 | € 1,063,001 | ▼ 12% |
| Cash | € 468,133 | € 851,652 | € 647,936 | € 675,553 | ▲ 4% |
| Land & buildings | € 2,208,882 | € 4,966,573 | € 0 | - | |
| Retained profit | € 1,456,456 | € 2,715,578 | € 2,413,426 | € 2,913,609 | ▲ 21% |
| Dividend | € 0 | € 0 | € 0 | € 350,000 | |
| Bank debt | € 1,443,402 | € 3,643,397 | € 175,496 | € 317,973 | ▲ 81% |
| Balance sheet total | € 4,551,906 | € 8,101,643 | € 3,698,867 | € 4,050,623 | ▲ 10% |
| Employees (FTE) | 37.2 | 41.8 | 42.8 | 40.4 | ▼ 2.4 |
Key figures of SEMATEX OPERATIONS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to SEMATEX OPERATIONS?
What happened at SEMATEX OPERATIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 850,182 (▲ 15% vs 2024). Source: NBB ↗
- New establishment in Zele. KBO
- Start of the company according to the CBE. KBO
In short
From € 579,799 profit in 2022 to € 850,182 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
On average € 50,800 of value added per employee in 2025.
Management
Behind SEMATEX OPERATIONS are Sematex Immo BV, Karim Massini, Imad-Eddine Massini and Waddah Ghajar. Imad-Eddine Massini is also behind SEMATEX IMMO.
Directors
According to the 2025 annual accounts
Director · represented by Chérine Massini
Karim Massini
Director
Waddah Ghajar
Director
Establishments
Establishment units
Physical locations of this company
Textielstraat 2
9240 Zele
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0438.180.672
- VAT number
- BE 0438.180.672
- Registered office
- Textielstraat 2, 9240 Zele
- Names & denominations
- SEMATEX OPERATIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 1989
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- sematex.be
- Activities · NACE
Detailhandel in tweedehandskleding
Detailhandel in tweedehandsgoederen
Groothandel in textiel
Groothandel in huishoudtextiel en beddengoed
Groothandel in motorvoertuigen
Groothandel in huiden, vellen en leer
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)