BVBA SIMAIR
ActiveBVBA SIMAIR has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €436k and a net result of €2k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 94% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69▲+57
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 8.85 against 10.02 in 2023; short-term debt: 5.8% and cash: 28.6% of total assets), and 5.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.2%
Return on assets
0.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
1 d early
2022
70 d late
2021
30 d late
2020
122 d late
2019
102 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€436k▲ 0.5%
2023 · €434k
2018: €408k
2019: €407k
2020: €453k
2021: €456k
2022: €458k
2023: €434k
2018 → 2024
Total assets
€463k▲ 1.6%
2023 · €456k
2018: €521k
2019: €524k
2020: €488k
2021: €549k
2022: €487k
2023: €456k
2018 → 2024
Net result
€2k
2023 · €-24k
2018: €7k
2019: €-1k
2020: €46k
2021: €3k
2022: €2k
2023: €-24k
2018 → 2024
Working capital
€213k▲ 7.0%
2023 · €199k
2018: €129k
2019: €123k
2020: €186k
2021: €207k
2022: €225k
2023: €199k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€453k-€456k▲ 0.6%€458k▲ 0.5%€434k▼ 5.3%€436k▲ 0.5%
Operating result€63k-€7k▼ 88.4%€9k▲ 20.4%€-24k€3k
Net result€46k-€3k▼ 93.8%€2k▼ 13.5%€-24k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €24k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €463k
Fixed assets
€224k▼ 4.9%
Current assets
€240k▲ 8.5%
Equity and liabilities €463k
Equity
€436k▲ 0.5%
Debt
€27k▲ 22.9%
The debt ratio rises from 4.8% to 5.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▲
2023 · €-6k
Cash flow
€14k▲
2023 · €-7k
Solvency
94.2%▼
2023 · 95.2%
Current ratio
8.85▼
2023 · 10.02
Quick ratio
4.94▼
2023 · 5.92
Debt / equity
0.06▲
2023 · 0.05
ROE
0.5%▲
2023 · -5.6%
ROA
0.5%▲
2023 · -5.3%
Interest coverage
13.58▲
2023 · -14.96
Debt
€27k▲
2023 · €22k
Debt ≤ 1 year
€27k▲
2023 · €22k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€456k€463k▲
Fixed assets21/28€235k€224k▼
Tangible fixed assets22/27€234k€222k▼
Land and buildings22€234k€222k▼
Furniture and vehicles24€0-
Financial fixed assets28€1k€1k=
Current assets29/58€221k€240k▲
Stocks and contracts in progress3€90k€106k▲
Stocks30/36€90k€106k▲
Amounts receivable within one year40/41€1k€1k▲
Trade receivables40€105€557▲
Other amounts receivable41€1k€762▼
Cash at bank and in hand54/58€128k€133k▲
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€456k€463k▲
Equity10/15€434k€436k▲
Contributions10/11€347k€347k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€80k€83k▲
Amounts payable17/49€22k€27k▲
Amounts payable within one year42/48€22k€27k▲
Trade debts44€16k€1k▼
Suppliers440/4€16k€1k▼
Taxes, remuneration and social security45€5k€800▼
Taxes450/3€5k€800▼
Other amounts payable47/48€397€25k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€11k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€-2k€20k▲
Operating profit (loss)9901€-24k€3k▲
Financial charges65/66B€429€1k▲
Recurring financial charges65€429€1k▲
Profit (loss) for the period before taxes9903€-24k€2k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-24k€2k▲
Profit (loss) for the period to be appropriated9905€-24k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€83k▲
Profit (loss) brought forward from the previous period14P€105k€80k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-24k ▼1079%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 8.85
Current ratio from 3.25 to 8.85; short-term debt falls from €92k to €29k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.60
Current ratio from 2.08 to 6.60; short-term debt falls from €114k to €33k.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merchtem · 1 establishment unit since 1999
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.
Dorpstraat 51785 MerchtemGround area
801 m²
Building footprint
360 m²
Volume, LiDAR
1,970 m³
Parcel 23012G0025/00L003, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dorpstraat 5, 1785 Merchtem
since 19992.090.851.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012G0025/00L003 | Flanders | 801 m² | 1 · 360 m² | 10.7 m · 2 fl. |
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.
Similar companies · same sector, comparable size
WIMAT
BE 0454.865.662
Bekkevoort · Eq €437k
LOISELET SG LOCATION
BE 0740.550.755
Jemeppe-sur-Sambre · Eq €438k
AGRI-SUD EQUIPEMENT
BE 0476.235.653
Chiny · Eq €435k
RIGO Frédéric
BE 0728.878.982
Héron · Eq €439k
WVT AGRI
BE 0432.880.019
Berlaar · Eq €431k
Of 806 companies in sector 46610 we hold annual accounts for 566. 471 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-1999
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
51880
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.