Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
SEM & CO from Wortegem-Petegem, company number BE0474262593, closed financial year 2026 with a result of € 4,754 after tax. For that financial year SEM & CO recorded a gross margin of € 65,042 and equity of € -62,956. Compared with financial year 2025, the result moved from € -5,583 to € 4,754. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 1, 2026.
€ -62,956
▲ € 4,754 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,754
▲ still € 5,583 loss in 2025
Profit after tax over the fiscal year.
€ 160
▼ € 34,008 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -81,556.
People and assets in 2026
€ 33
▼ 99% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 340,522
▼ 10% vs 2025
€ 39,774 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 46,518
▼ 1% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 7,864
▲ 40% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 47,047 | € 47,581 | € 56,765 | € 65,042 | ▲ 15% |
| Profit after taxes | € -15,302 | € -27,198 | € -5,583 | € 4,754 | ▲ € 10,337 |
| Equity | € -34,929 | € -62,127 | € -67,710 | € -62,956 | ▲ € 4,754 |
| Total debts | € 829,618 | € 800,314 | € 770,687 | € 758,962 | ▼ 2% |
| Cash | € 18,451 | € 1,850 | € 34,168 | € 160 | ▼ € 34,008 |
| Land & buildings | € 699,774 | € 669,727 | € 626,499 | € 638,453 | ▲ 2% |
| Retained profit | € -53,529 | € -80,727 | € -86,310 | € -81,556 | ▲ € 4,754 |
| Bank debt | € 457,238 | € 419,191 | € 379,417 | € 340,522 | ▼ 10% |
| Balance sheet total | € 794,689 | € 738,187 | € 702,977 | € 696,007 | ▼ 1% |
Key figures of SEM & CO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 28 September 2027.
What happened to SEM & CO?
What happened at SEM & CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 4,754. filed late Source: NBB ↗
- New establishment in Wortegem-Petegem. KBO
- Sem Naessens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15,302 loss in 2023 to € 4,754 profit in 2026.
Paid € 4,997 in corporate taxes since 2023.
Best year ever: 2026, with € 4,754 profit.
Management
Behind SEM & CO is Sem Naessens. Sem Naessens is also behind Megaton, Groeninghe, Bekaert Depla, URTEX and GOSSEYE.
Directors
According to the 2026 annual accounts
Sem Naessens
Director
Also active at: Megaton, Groeninghe, Bekaert Depla, URTEX, GOSSEYE, WILLY NAESSENS INDUSTRIEBOUW, BELTAP, OLYMPIC FIRE +43 more
since 2001
Establishments
Establishment units
Physical locations of this company
Beekstraat (E.) 2
9790 Wortegem-Petegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0474.262.593
- VAT number
- BE 0474.262.593
- Registered office
- Beekstraat (E.) 2, 9790 Wortegem-Petegem
- Names & denominations
- SEM & CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 March 2001
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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