De Simz
ActiveSummary
De Simz has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60k and a net result of €58k. Equity is growing by ~158.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 804 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+15
Solvency35▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.91 in 2024; short-term debt: 16.5% and cash: 9.8% of total assets), but 89.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
10.4%
Return on assets
9.9%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 804 sector peers (2025).
NBB · sector comparisonPosition among 804 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
18 d late
2023
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€60k▲ 2,019%
2024 · €3k
2023: €-28klowest in 3 years
2024: €3k▲ +110% vs 2023
2025: €60k▲ +2019% vs 2024highest in 3 years
2023 → 2025
Total assets
€583k▲ 27.7%
2024 · €457k
2023: €546k
2024: €457k▼ -16.4% vs 2023lowest in 3 years
2025: €583k▲ +27.7% vs 2024highest in 3 years
2023 → 2025
Net result
€58k▲ 87.9%
2024 · €31k
2023: €48k
2024: €31k▼ -36.7% vs 2023lowest in 3 years
2025: €58k▲ +87.9% vs 2024highest in 3 years
2023 → 2025
Working capital
€62k▼ 2.4%
2024 · €64k
2023: €-345klowest in 3 years
2024: €64k▲ +119% vs 2023highest in 3 years
2025: €62k▼ -2.4% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-28k-€3k€60k▲ 2,019%
2023: €-28klowest in 3 years
2024: €3k▲ +110% vs 2023
2025: €60k▲ +2019% vs 2024highest in 3 years
Operating result€72k-€68k▼ 4.9%€104k▲ 52.5%
2023: €72k
2024: €68k▼ -4.9% vs 2023lowest in 3 years
2025: €104k▲ +52.5% vs 2024highest in 3 years
Net result€48k-€31k▼ 36.7%€58k▲ 87.9%
2023: €48k
2024: €31k▼ -36.7% vs 2023lowest in 3 years
2025: €58k▲ +87.9% vs 2024highest in 3 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 52% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €583k
Fixed assets
€424k ▲ 31.7%
Current assets
€159k ▲ 18.1%
Equity and liabilities €583k
Equity
€60k ▲ 2,019%
Debt
€522k ▲ 15.2%
Debt's share of the balance-sheet total falls from 99.4% to 89.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€190k▲
2024 · €135k
Cash flow
€144k▲
2024 · €97k
Current ratio
1.65▼
2024 · 1.91
Quick ratio
1.56▼
2024 · 1.82
Debt to equity
8.65
ROE
95.3%
ROA
9.9%▲
2024 · 6.7%
Interest coverage
8.98▲
2024 · 4.63
Debt ≤ 1 year
€96k▲
2024 · €70k
Debt > 1 year
€423k▲
2024 · €381k
Income taxes
€28k▲
2024 · €14k
Staff costs
€44k▼
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€457k€583k▲
Fixed assets21/28€322k€424k▲
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€319k€422k▲
Land and buildings22€184k€164k▼
Plant, machinery and equipment23€110k€88k▼
Furniture and vehicles24€24k€168k▲
Other tangible fixed assets26-€2k
Current assets29/58€134k€159k▲
Amounts receivable after more than one year29€98k€35k▼
Other amounts receivable291€98k€35k▼
Stocks and contracts in progress3€6k€8k▲
Stocks30/36€6k€8k▲
Amounts receivable within one year40/41€9k€15k▲
Trade receivables40€6k€505▼
Other amounts receivable41€3k€14k▲
Current investments50/53-€40k
Cash at bank and in hand54/58€20k€57k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€457k€583k▲
Equity10/15€3k€60k▲
Contributions10/11€1k€1k=
Reserves13€31k€88k▲
Distributable reserves133€31k€88k▲
Profit (loss) carried forward14€-29k€-29k=
Amounts payable17/49€454k€522k▲
Amounts payable after more than one year17€381k€423k▲
Financial debts170/4€381k€423k▲
Amounts payable within one year42/48€70k€96k▲
Current portion of amounts payable after more than one year42€27k€47k▲
Trade debts44€23k€13k▼
Suppliers440/4€23k€13k▼
Advances received on contracts in progress46€50€180▲
Taxes, remuneration and social security45€18k€37k▲
Taxes450/3€14k€31k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€46k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€86k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€185k€238k▲
Operating profit (loss)9901€68k€104k▲
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€29k€21k▼
Recurring financial charges65€29k€21k▼
Profit (loss) for the period before taxes9903€44k€86k▲
Income taxes67/77€14k€28k▲
Profit (loss) for the period9904€31k€58k▲
Profit (loss) for the period to be appropriated9905€31k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€29k▲
Profit (loss) brought forward from the previous period14P€-29k€-29k=
Transfer to equity691/2€31k€58k▲
To other reserves6921€31k€58k▲
Social balance
Average headcount (FTE)90871.61.4▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €32k | €46k | €44k | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €67k | €86k | ▲ 29.5% |
| Other operating charges640/8 | €499 | €4k | €4k | ▼ 19.5% |
| Gross operating margin9900 | €156k | €185k | €238k | ▲ 28.5% |
| Operating profit (loss)9901 | €72k | €68k | €104k | ▲ 52.5% |
| Financial income75/76B | €5k | €5k | €3k | ▼ 43.0% |
| Recurring financial income75 | €5k | €5k | €3k | ▼ 43.0% |
| Financial charges65/66B | €26k | €29k | €21k | ▼ 27.2% |
| Recurring financial charges65 | €26k | €29k | €21k | ▼ 27.2% |
| Profit (loss) for the period before taxes9903 | €50k | €44k | €86k | ▲ 93.6% |
| Income taxes67/77 | €2k | €14k | €28k | ▲ 106% |
| Profit (loss) for the period9904 | €48k | €31k | €58k | ▲ 87.9% |
| Profit (loss) for the period to be appropriated9905 | €48k | €31k | €58k | ▲ 87.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €546k | €457k | €583k | ▲ 27.7% |
| Fixed assets21/28 | €352k | €322k | €424k | ▲ 31.7% |
| Intangible fixed assets21 | €4k | €3k | €2k | ▼ 28.6% |
| Tangible fixed assets22/27 | €347k | €319k | €422k | ▲ 32.3% |
| Land and buildings22 | €205k | €184k | €164k | ▼ 11.2% |
| Plant, machinery and equipment23 | €109k | €110k | €88k | ▼ 19.9% |
| Furniture and vehicles24 | €34k | €24k | €168k | ▲ 602% |
| Other tangible fixed assets26 | - | - | €2k | - |
| Current assets29/58 | €194k | €134k | €159k | ▲ 18.1% |
| Amounts receivable after more than one year29 | €160k | €98k | €35k | ▼ 64.1% |
| Other amounts receivable291 | €160k | €98k | €35k | ▼ 64.1% |
| Stocks and contracts in progress3 | €5k | €6k | €8k | ▲ 34.7% |
| Stocks30/36 | €5k | €6k | €8k | ▲ 34.7% |
| Amounts receivable within one year40/41 | €7k | €9k | €15k | ▲ 62.2% |
| Trade receivables40 | €7k | €6k | €505 | ▼ 92.0% |
| Other amounts receivable41 | €107 | €3k | €14k | ▲ 416% |
| Current investments50/53 | - | - | €40k | - |
| Cash at bank and in hand54/58 | €21k | €20k | €57k | ▲ 185% |
| Deferred charges and accrued income490/1 | €985 | €2k | €4k | ▲ 123% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €546k | €457k | €583k | ▲ 27.7% |
| Equity10/15 | €-28k | €3k | €60k | ▲ 2,019% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | - | €31k | €88k | ▲ 188% |
| Distributable reserves133 | - | €31k | €88k | ▲ 188% |
| Profit (loss) carried forward14 | €-29k | €-29k | €-29k | = |
| Amounts payable17/49 | €574k | €454k | €522k | ▲ 15.2% |
| Amounts payable after more than one year17 | €30k | €381k | €423k | ▲ 11.0% |
| Financial debts170/4 | €30k | €381k | €423k | ▲ 11.0% |
| Amounts payable within one year42/48 | €539k | €70k | €96k | ▲ 36.7% |
| Current portion of amounts payable after more than one year42 | €7k | €27k | €47k | ▲ 73.7% |
| Financial debts43 | €405k | - | - | - |
| Credit institutions430/8 | €405k | - | - | - |
| Trade debts44 | €27k | €23k | €13k | ▼ 44.1% |
| Suppliers440/4 | €27k | €23k | €13k | ▼ 44.1% |
| Advances received on contracts in progress46 | - | €50 | €180 | ▲ 260% |
| Taxes, remuneration and social security45 | €6k | €18k | €37k | ▲ 99.8% |
| Taxes450/3 | €3k | €14k | €31k | ▲ 119% |
| Remuneration and social security454/9 | €3k | €4k | €5k | ▲ 32.9% |
| Other amounts payable47/48 | €93k | €2k | - | - |
| Accrued charges and deferred income492/3 | €5k | €2k | €3k | ▲ 46.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €31k | €58k | ▲ 87.9% |
| + Depreciation and write-downs630 | €51k | €67k | €86k | ▲ 29.5% |
| Operating cash flow (approximation) | €100k | €97k | €144k | ▲ 47.9% |
| Investment in fixed assets (approximation) | - | €-37k | €-188k | ▼ 409% |
| Change in cash | - | €-807 | €37k | ▲ 4,675% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2023net €58k ▲87.9%
Operating result €104k, net result €58k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €31k ▼36.7%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 1.91
Current ratio from 0.36 to 1.91; short-term debt falls from €539k to €70k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Knokke-Heist · 1 establishment unit since 2013
Ground area
83 m²
Building footprint
115 m²
Volume, LiDAR
2,726 m³
Parcel 31334B0008/00A000, Flanders · tallest building 30.7 m, ±9 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
De Simz
since 20132.219.306.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0008/00A000 | Flanders | 83 m² | 1 · 115 m² | 30.7 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 100 EUR awarded · 100 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 100 EUR | 100 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKnokke-Heist2.219.306.649
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Of 611 companies in sector 10520 we hold annual accounts for 236. 200 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
10520Manufacture of food products
56112Limited-service restaurants, excluding mobile food services
51100Air transport
56220Contract catering and other food service activities
Contact
Phone
0479 34 35 30Knokke-Heist
Scores and ratios are computed by Checked and are not a credit decision.