Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 204 days after the legal deadline.
Financials
Financial year 2024
SEMEM ART & DESIGN from Andenne, company number BE0695884136, closed financial year 2024 with a result of € -39,250 after tax. For that financial year SEMEM ART & DESIGN recorded a gross margin of € 83,072 and equity of € -50,033. Compared with financial year 2023, the result moved from € -13,573 to € -39,250. The company made a loss. 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 February 20, 2026.
€ -50,033
▲ € 36,411 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -39,250
▼ 189 % more loss than in 2023
Profit after tax over the fiscal year.
€ 6,356
▲ 74% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -215,694.
People and assets in 2024
€ 75,278
▼ 15% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,015
▼ 34% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 459,551
▼ 18% vs 2023
€ 41,788 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 57,331
▼ 32% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 34,208
▲ 231% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 17,281 | € 99,246 | € 128,076 | € 83,072 | ▼ 35% |
| Profit after taxes | € -28,236 | € -82,912 | € -13,573 | € -39,250 | ▼ € 25,677 |
| Equity | € -12,131 | € -69,998 | € -86,444 | € -50,033 | ▲ € 36,411 |
| Total debts | € 689,069 | € 957,537 | € 941,395 | € 850,758 | ▼ 10% |
| Cash | € 120,870 | € 12,313 | € 3,656 | € 6,356 | ▲ 74% |
| Land & buildings | € 229,985 | € 451,559 | € 629,595 | € 610,333 | ▼ 3% |
| Retained profit | € -77,131 | € -159,998 | € -176,444 | € -215,694 | ▼ € 39,250 |
| Dividend | € 0 | € 0 | € 2,874 | € 0 | ▼ 100% |
| Bank debt | € 447,332 | € 593,214 | € 557,097 | € 459,551 | ▼ 18% |
| Balance sheet total | € 676,938 | € 887,540 | € 854,951 | € 800,725 | ▼ 6% |
Key figures of SEMEM ART & DESIGN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SEMEM ART & DESIGN?
What happened at SEMEM ART & DESIGN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 39,250. filed late Source: NBB ↗
- MTB Invest became a director. NBB
- New establishment in Andenne. KBO
- New establishment in Andenne. KBO
- Maud Roegiers became a director. NBB
- Erwan Morelle became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 28,236 loss in 2021 to € 39,250 loss in 2024.
Paid € 1,391 in corporate taxes since 2021.
Paid out € 2,874 in dividends to the owners in total.
Management
The stake of MTB INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SEMEM ART & DESIGNBehind SEMEM ART & DESIGN are Maud Roegiers, Erwan Morelle and MTB Invest. The shares are held by MTB INVEST (25.4%).
Directors
According to the 2024 annual accounts
Shareholders
25.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
La Croix 152
5300 Andenne
Chaussée de Ciney 372
5300 Andenne
Active since 28 May 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0695.884.136
- VAT number
- BE 0695.884.136
- Registered office
- La Croix 152, 5300 Andenne
- Names & denominations
- SEMEM ART & DESIGN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2018
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van andere meubelen, neg
Vervaardiging van andere meubelen, n.e.g.
Installatie van isolatie
Vervaardiging van imitatiesieraden en dergelijke artikelen
Grafisch ontwerp en visuele communicatie
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Vervaardiging van spellen en speelgoed
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