Ets SIMON
ActiveEts SIMON has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.16M and a net result of €9k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 84% of 4137 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+31
Solvency97▲+14
Growth31▼-7
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 2.13 in 2024; short-term debt: 27.5% and cash: 13.5% of total assets), and 27.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2025Solvency, return and age of the figures
Solvency
72.2%
Return on assets
0.2%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d late
2023
14 d early
2022
31 d late
2021
31 d late
2020
31 d late
2019
67 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.12M▼ 28.9%
2024 · €12.83M
2018: €9.99M
2019: €10.58M
2020: €10.16M
2021: €11.13M
2022: €13.82M
2023: €13.81M
2024: €12.83M
2018 → 2025
EBIT margin
0.4%▲ 1.7pp
2024 · -1.3%
2018: 3.4%
2019: 4.5%
2020: 3.2%
2021: 3.0%
2022: 5.8%
2023: 6.0%
2024: -1.3%
2018 → 2025
Net result
€9k
2024 · €-169k
2018: €230k
2019: €387k
2020: €236k
2021: €190k
2022: €593k
2023: €589k
2024: €-169k
2018 → 2025
Working capital
€2.62M▲ 4.4%
2024 · €2.51M
2018: €3.17M
2019: €3.22M
2020: €2.31M
2021: €2.49M
2022: €1.91M
2023: €2.57M
2024: €2.51M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.13M-€13.82M▲ 24.2%€13.81M▼ 0.1%€12.83M▼ 7.1%€9.12M▼ 28.9%
Equity€3.38M-€2.73M▼ 19.1%€3.32M▲ 21.5%€3.15M▼ 5.1%€3.16M▲ 0.2%
Operating result€331k-€804k▲ 143%€833k▲ 3.6%€-165k€40k
Net result€190k-€593k▲ 213%€589k▼ 0.7%€-169k€9k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €40k after a loss of €165k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.38M
Fixed assets
€549k▼ 17.3%
Current assets
€3.83M▼ 19.1%
Equity and liabilities €4.38M
Equity
€3.16M▲ 0.2%
Debt
€1.22M▼ 45.7%
The debt ratio falls from 41.6% to 27.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€200k▲
2024 · €9k
Cash flow
€169k▲
2024 · €5k
Solvency
72.2%▲
2024 · 58.4%
Current ratio
3.18▲
2024 · 2.13
Quick ratio
3.18▲
2024 · 2.13
Debt / equity
0.39▼
2024 · 0.71
ROE
0.3%▲
2024 · -5.4%
ROA
0.2%▲
2024 · -3.1%
Interest coverage
64.54▲
2024 · 1.52
Debt
€1.22M▼
2024 · €2.25M
Debt ≤ 1 year
€1.21M▼
2024 · €2.22M
Debt > 1 year
€13k▼
2024 · €24k
Income taxes
€4k▲
2024 · €3k
Staff costs
€1.04M▼
2024 · €1.07M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.40M€4.38M▼
Fixed assets21/28€664k€549k▼
Intangible fixed assets21€129€0▼
Tangible fixed assets22/27€650k€532k▼
Plant, machinery and equipment23€45k€41k▼
Furniture and vehicles24€88k€38k▼
Leasing and similar rights25€31k€22k▼
Other tangible fixed assets26€486k€431k▼
Financial fixed assets28€14k€18k▲
Other financial fixed assets284/8€14k€18k▲
Amounts receivable and cash guarantees285/8€14k€18k▲
Current assets29/58€4.73M€3.83M▼
Stocks and contracts in progress3€0€0=
Stocks30/36€0-
Goods purchased for resale34€0-
Amounts receivable within one year40/41€3.62M€3.22M▼
Trade receivables40€3.52M€3.05M▼
Other amounts receivable41€101k€172k▲
Current investments50/53€38€0▼
Other investments51/53€38€0▼
Cash at bank and in hand54/58€1.10M€590k▼
Deferred charges and accrued income490/1€20k€19k▼
Equity and liabilities
Total equity and liabilities10/49€5.40M€4.38M▼
Equity10/15€3.15M€3.16M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.08M€3.09M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€3.07M€3.08M▲
Investment grants15€8k€7k▼
Amounts payable17/49€2.25M€1.22M▼
Amounts payable after more than one year17€24k€13k▼
Financial debts170/4€24k€13k▼
Leasing and similar obligations172€22k€13k▼
Other loans174€2k€0▼
Amounts payable within one year42/48€2.22M€1.21M▼
Current portion of amounts payable after more than one year42€42k€11k▼
Trade debts44€2.01M€973k▼
Suppliers440/4€2.01M€973k▼
Advances received on contracts in progress46€4k€7k▲
Taxes, remuneration and social security45€163k€213k▲
Taxes450/3€47k€92k▲
Remuneration and social security454/9€116k€121k▲
Other amounts payable47/48€181€2k▲
Income statement
Code20242025
Operating income70/76A€12.91M€9.20M▼
Turnover70€12.83M€9.12M▼
Other operating income74€82k€71k▼
Non-recurring operating income76A€40€4k▲
Operating charges60/66A€13.08M€9.16M▼
Goods for resale, raw materials and consumables60€10.31M€6.89M▼
Purchases600/8€8.47M€6.83M▼
Change in stocks: decrease (increase)609€1.84M€53k▼
Services and other goods61€1.46M€1.07M▼
Remuneration, social security and pensions62€1.07M€1.04M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€175k€160k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-9k€-94k▼
Other operating charges640/8€57k€95k▲
Non-recurring operating charges66A€7k€0▼
Operating profit (loss)9901€-165k€40k▲
Financial income75/76B€21k€16k▼
Recurring financial income75€21k€16k▼
Other financial income752/9€21k€16k▼
Financial charges65/66B€22k€43k▲
Recurring financial charges65€22k€43k▲
Debt charges650€6k€3k▼
Other financial charges652/9€16k€40k▲
Profit (loss) for the period before taxes9903€-166k€14k▲
Income taxes67/77€3k€4k▲
Taxes670/3€3k€4k▲
Tax adjustments and reversals of tax provisions77€8€0▼
Profit (loss) for the period9904€-169k€9k▲
Profit (loss) for the period to be appropriated9905€-169k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-169k€9k▲
Transfer from equity791/2€169k€0▼
From reserves792€169k€0▼
Transfer to equity691/2€0€9k▲
To the legal reserve6920€0-
To other reserves6921€0€9k▲
Social balance
Average headcount (FTE)908716.814.6▼
The notes to these accounts (83 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
19-01
State Gazette act
General meeting · Demerger
Dissolution · Share issue
19-01
State Gazette act
General meeting · Demerger
Dissolution · Share issue
19-01
State Gazette act
General meeting · Demerger
Dissolution · Share issue
2025
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-169k ▼129%
Net result drops to €-169k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €593k ▲213%
Net result €593k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Liège · 1 establishment unit since 1980
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.
Avenue Albert-Ier 1234030 Liège1 establishment unit
Avenue Albert-Ier 123, 4030 Liège
since 19802.017.109.753
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Of 166 companies in sector 47526 we hold annual accounts for 111. 37 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-01-1980
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
47526Retail trade
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.