ACTIVE

SEMAPHAR

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Financial year 2025 · closed on 31/12/2025
Net result
102 k €
+1757.6% YoY
Gross margin
154,9 k €
+618.5% YoY
Equity
198,2 k €
-58.1% YoY

What does SEMAPHAR do?

SEMAPHAR is a Private limited company incorporated in 2015. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Jodoigne.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0568.568.963
Incorporation
09/01/2015
Legal form
Private limited company
Registered office
Rue Francourt(Lat.) 31
1370 Jodoigne · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
72101Research and experimental development on natural sciences and engineering· main72110Research and experimental development on biotechnology72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.+2
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120192018201720162015
Income statement
Gross margin154,9 k €21,6 k €131,3 k €152,9 k €131,8 k €119,6 k €152,9 k €70,7 k €82,4 k €107,7 k €
EBITDA153,4 k €20,2 k €129,1 k €152 k €130,9 k €118,8 k €152,1 k €69,9 k €81,5 k €107,2 k €
Operating result127,4 k €-7,2 k €108,2 k €132,7 k €112,5 k €104,4 k €138,8 k €56,2 k €70 k €102,7 k €
Net result102 k €-6,2 k €86,3 k €95,2 k €88,7 k €69,1 k €106,4 k €39,3 k €52,4 k €72,2 k €
Balance sheet
Equity198,2 k €473,4 k €479,6 k €438,4 k €388,2 k €306,3 k €260,7 k €182,5 k €143,2 k €90,8 k €
Total assets579,4 k €476,4 k €537,8 k €493,3 k €429,6 k €336,3 k €311,6 k €216,6 k €199,4 k €134,9 k €
Cash135,6 k €67,4 k €93,9 k €130,5 k €121,4 k €143,4 k €119,1 k €33,1 k €3,7 k €78,8 k €
Debts381,2 k €2,9 k €58,2 k €54,9 k €41,4 k €30,1 k €50,9 k €34,1 k €52,6 k €40,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Paul Willems

Manager · since 09 janvier 2015

Active

Ended mandates

Paul Willems

Director · since 09 janvier 2015

Ended
Paul WILLEMS

Manager · since 07 janvier 2015

Ended
Paul Willems

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/03/202605/06/202521/05/202415/05/202310/05/202201/06/2021
General meeting09/03/202606/05/202503/05/202402/05/202303/05/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202509/03/202609/03/2026FrenchPDF
Micro model31/12/202406/05/202505/06/2025FrenchPDF
Micro model31/12/202303/05/202421/05/2024FrenchPDF
Micro model31/12/202202/05/202315/05/2023FrenchPDF
Micro model31/12/202103/05/202210/05/2022FrenchPDF
Micro model31/12/202017/05/202101/06/2021FrenchPDF
Micro model31/12/201905/05/202009/06/2020FrenchPDF
Micro model31/12/201828/06/201925/07/2019FrenchPDF
Micro model31/12/201701/05/201822/05/2018FrenchPDF
Micro model31/12/201602/05/201705/05/2017FrenchPDF
Abridged model31/12/201503/05/201609/05/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Paul Willems

Manager · since 09 janvier 2015

Active

Ended mandates

Paul Willems

Director · since 09 janvier 2015

Ended
Paul WILLEMS

Manager · since 07 janvier 2015

Ended
Paul Willems

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/10/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Other13/01/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025102 k €↑
  2. 2024
    Annual accounts 2024-6,2 k €↓
  3. 2023
    Annual accounts 202386,3 k €↓
  4. 2022
    Annual accounts 202295,2 k €↑
  5. 2021
    Annual accounts 202188,7 k €↑
  6. 2019
    Annual accounts 201969,1 k €↓
  7. 2018
    Annual accounts 2018106,4 k €↑
  8. 2017
    Annual accounts 201739,3 k €↓
  9. 2016
    Annual accounts 201652,4 k €↓
  10. 2015
    Annual accounts 201572,2 k €
  11. 09/01/2015
    IncorporationPrivate limited company