ETS SIMONIS
InactiveFinancials · financial year 2024, full format
Turnover
€0
EBIT margin
Not included in this filing
Net result
€264,455▲ 22×
2023 · €12,199
Working capital
€866,928▲ 5.1%
2023 · €825,094
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4.2 times 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.3m
2024
Net result€0.3m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.9m
2024
Equity€0.9m
2024
Debt€0.05m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.9m
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)1.2
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€0
Operating result€0.06m--€0.03m€0.04m-€0.2m€0.08m€0.3m▲ 322%
Net result€0.05m--€0.04m€0.03m-€0.2m€0.01m€0.3m▲ 22×
Equity€0.9m-€0.8m▼ 9.1%€0.8m▼ 1.3%€0.6m▼ 24.5%€0.6m▲ 2.1%€0.9m▲ 44.5%
Total assets€1.7m-€1.7m▲ 0.5%€1.6m▼ 7.5%€1.4m▼ 10.3%€1.5m▲ 6.8%€0.9m▼ 39.1%
Debt€0.8m-€0.9m▲ 10.3%€0.8m▼ 12.6%€0.8m▲ 3.3%€0.9m▲ 7.8%€0.05m▼ 94.0%
Working capital€0.8m-€0.8m▼ 0.3%€0.7m▼ 11.6%€0.5m▼ 34.8%€0.8m▲ 72.8%€0.9m▲ 5.1%
Staff (FTE)4.4-3.2▼ 27.3%1.9▼ 40.6%2.8▲ 47.4%2.4▼ 14.3%1.2▼ 50.0%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €920,411
Equity
€859,208 ▲ 44.5%
Provisions
€7,000 ▼ 61.9%
Debt
€54,203 ▼ 94.0%
Debt's share of the balance-sheet total falls from 59.5% to 5.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
17.21▲
2023 · 3.26
Debt to equity
0.06▼
2023 · 1.51
ROE
30.8%▲
2023 · 2.1%
ROA
28.7%▲
2023 · 0.8%
Debt ≤ 1 year
€53,483▼
2023 · €364,489
Debt > 1 year
€0▼
2023 · €521,761
Income taxes
€52,532▲
2023 · €62
Staff costs
€120,729▲
2023 · €83,404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €868,502 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €84,471 | €83,404 | €120,729 | ▲ 44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,024 | €46,229 | €30,397 | €29,237 | €15,511 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €11,317 | €75,675 | ▲ 569% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €18,358 | -€11,358 | - |
| Other operating charges640/8 | - | - | - | €12,735 | €14,582 | €29,445 | ▲ 102% |
| Gross operating margin9900 | €235,592 | €94,592 | €139,579 | -€50,430 | €221,378 | €544,526 | ▲ 146% |
| Operating profit (loss)9901 | €64,850 | -€32,941 | €40,297 | -€176,873 | €78,206 | €330,035 | ▲ 322% |
| Financial income75/76B | - | - | - | €7,473 | €8,214 | €11,368 | ▲ 38.4% |
| Recurring financial income75 | €10,225 | €7,373 | €7,219 | €7,473 | €8,214 | €11,368 | ▲ 38.4% |
| Financial charges65/66B | - | - | - | €19,280 | €74,159 | €24,417 | ▼ 67.1% |
| Recurring financial charges65 | €9,839 | €12,381 | €17,429 | €19,280 | €74,159 | €24,417 | ▼ 67.1% |
| Profit (loss) for the period before taxes9903 | €65,237 | -€37,949 | €30,087 | -€188,681 | €12,261 | €316,987 | ▲ 26× |
| Income taxes67/77 | €19,763 | €401 | €450 | €384 | €62 | €52,532 | ▲ 848× |
| Profit (loss) for the period9904 | €45,474 | -€38,351 | €29,637 | -€189,065 | €12,199 | €264,455 | ▲ 22× |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €56,250 | - |
| Profit (loss) for the period to be appropriated9905 | €45,474 | -€38,351 | €29,637 | -€189,065 | €12,199 | €320,705 | ▲ 26× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.7m | €1.7m | €1.6m | €1.4m | €1.5m | €0.9m | ▼ 39.1% |
| Fixed assets21/28 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.03m | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.004m | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | €0.01m | €0 | - | - |
| Financial fixed assets28 | €164 | €239 | €239 | €239 | €0.001m | €0 | ▼ 100% |
| Current assets29/58 | €1.3m | €1.3m | €1.2m | €1.1m | €1.2m | €0.9m | ▼ 22.6% |
| Stocks and contracts in progress3 | €0.5m | €0.5m | €0.4m | €0.3m | €0.4m | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €0.3m | €0.4m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0.7m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 0.5% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.002m | ▼ 98.5% |
| Other amounts receivable41 | - | - | - | €0.6m | €0.7m | €0.8m | ▲ 16.7% |
| Cash at bank and in hand54/58 | €0.04m | €0.01m | €0.009m | €0.006m | €0.03m | €0.1m | ▲ 374% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.005m | ▼ 56.4% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.6m | €1.4m | €1.5m | €0.9m | ▼ 39.1% |
| Equity10/15 | €0.9m | €0.8m | €0.8m | €0.6m | €0.6m | €0.9m | ▲ 44.5% |
| Contributions10/11 | €0.05m | - | - | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.8m | €0.7m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 17.0% |
| Non-distributable reserves130/1 | - | - | - | €0.6m | €0.6m | €0.6m | = |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | €0.005m | = |
| Financial assistance1313 | - | - | - | €0.6m | €0.6m | €0.6m | = |
| Tax-exempt reserves132 | - | - | - | €0.06m | €0.06m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €0 | - | €0.2m | - |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €368 | -€0.2m | -€0.1m | €208 | - |
| Provisions and deferred taxes16 | - | - | - | - | €0.02m | €0.007m | ▼ 61.9% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.02m | €0.007m | ▼ 61.9% |
| Taxes161 | - | - | - | - | - | €0 | - |
| Other liabilities and charges164/5 | - | - | - | - | €0.02m | €0.007m | ▼ 61.9% |
| Amounts payable17/49 | €0.8m | €0.9m | €0.8m | €0.8m | €0.9m | €0.05m | ▼ 94.0% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0.2m | €0.5m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.2m | €0.5m | €0 | ▼ 100% |
| Trade debts175 | - | - | - | - | €0 | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.5m | €0.6m | €0.4m | €0.05m | ▼ 85.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.09m | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0.1m | €0.1m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.1m | €0.1m | €0 | ▼ 100% |
| Trade debts44 | €0.2m | €0.2m | €0.2m | €0.3m | €0.1m | €0.03m | ▼ 70.3% |
| Suppliers440/4 | - | - | - | €0.3m | €0.1m | €0.03m | ▼ 70.3% |
| Advances received on contracts in progress46 | - | - | - | €0.01m | €0.008m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.07m | €0.001m | ▼ 98.6% |
| Taxes450/3 | - | - | - | €0.03m | €0.03m | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.04m | €0.001m | ▼ 97.3% |
| Other amounts payable47/48 | - | - | - | €0 | €0 | €0.02m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.01m | €0.001m | ▼ 94.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,474 | -€38,351 | €29,637 | -€189,065 | €12,199 | €264,455 | ▲ 22× |
| + Depreciation and write-downs630 | €47,024 | €46,229 | €30,397 | €29,237 | €15,511 | - | - |
| Operating cash flow (approximation) | €92,498 | €7,879 | €60,034 | -€159,828 | €27,710 | €264,455 | ▲ 854% |
| Investment in fixed assets (approximation) | - | -€8,760 | -€31,687 | €7,776 | €17,511 | €322,977 | ▲ 18× |
| Change in cash | - | -€27,832 | -€763 | -€3,334 | €22,240 | €105,444 | ▲ 374% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | full format | 31-01-2025 | 2025-00020767 |
| 30-09-2023 | full format | 20-03-2024 | 2024-00046361 |
| 30-09-2022 | full format | 12-04-2023 | 2023-00057499 |
| 30-09-2021 | full format | 06-01-2022 | 2022-00300568 |
| 30-09-2020 | full format | 29-03-2021 | 2021-09300118 |
| 30-09-2019 | full format | 09-04-2020 | 2020-09000280 |
| 30-09-2018 | full format | 12-04-2019 | 2019-10000311 |
| 30-09-2017 | full format | 06-04-2018 | 2018-09300511 |
| 30-09-2016 | full format | 22-03-2017 | 2017-07000057 |
| 30-09-2015 | full format | 21-12-2015 | 2015-69800394 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.