Equity
€10.7m ▲ 36.1%
SIMA has made a profit in every financial year since 2008.
SIMA
Lifetime
19 annual accounts with figures on one time axis, 39 filings since 1988peak €17.5m (2020)
€16.2m▼ 5.9%
peak €4.9m (2022)
€2.8m▲ 481%
peak €10.7m (2026)
€10.7m▲ 36.1%
€10.5m▲ 76.4%
peak 52.9 FTE (2026)
52.9 FTE▲ 18.6%
Board6 names since 2016
3 directorsHavegeer Francky and 2 others
Owners
Documentsfilings and deeds
13-10-202618 days before the deadline
2026financial year
Result from €489,902 to €2.8mStaff from 44.6 FTE to 52.9 FTEEquity from €7.9m to €10.7mDebts from €6.0m to €10.5mCash from €132,449 to €274,843
Key points
from the 2026 annual accountsResult
€2.8m ▲ 481%
The result rose in 2026: mostly from a one-off income of €2.4m.
Debts
€10.5m ▲ 76.4%
Debts rose by €4.5m in 2026.
Investments
€2.8m 4.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 59.8% higher than in 2025.
Staff
53 employees on 31-03-2026
In 2026, 31 people joined and 23 left. On top of that, 0.2 agency workers worked there on average.
Payment terms
94 days to suppliers
SIMA pays its suppliers 43 days later than in 2025. Customers pay 146 days later.
Checked score
95
Excellent
Financially stronger than 57% of medium-sized companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 166 companies (NACE 71, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.70, cash €274,843
lowers risk
Profit of €2.8m (financial year 2026)
Founded in 1986
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, medium-sized). It does better than 66% of them on solvency, 34% on liquidity, 69% on profitability and 60% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,579 companies had the same profile as SIMA has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
3.2%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of SIMA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for SIMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.7 (1.83 in 2025), above the usual 1.5. Short-term debt is 38.1% and cash 1.3% of total assets. 49.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 13-10-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
18 days early
2025
30 days early
2024
on the day
2023
6 days late
2022
29 days late
2021
30 days late
2020
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 31 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
HF
Havegeer Francky
Director, since 10-09-2022
Shares in 11 companies, including ELEKTROTECHNIEK DEKRI and META-L
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0429624777
Merger: SACA takes over SIMA
Company renamed to SIMA · New name: SIMA · “L'étude, la recherche, la production et la commercialisation d'installations, d'équipements et de machines…” (deed in French) · General meeting of 31-03-2025 · Gazette deed
Merger proposal: SACA takes over SIMA
Appointment: CALLENS VANDELANOTTE SA (statutory auditor) · The company holds all the shares of SIMA · Gazette deed
Appointment: CALLENSVANDELANOTTENV (statutory auditor)
General meeting of 21-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIMA Mouscron | €16.2m | 1.8% | 50.5% | 52.9 |
| COPRO - Onpartijdige instelling voor de controle van Bouwproducten Asse | €10.4m | 4.2% | 85.3% | 58.1 |
| VINTIV Beringen | €10.3m | 20.2% | 7.3% | 41.2 |
| GREISCH INGENIERIE Liège | €18.6m | 3.6% | 6.8% | 66.9 |
| VERHAERT NEW-PRODUCTS & SERVICES Beveren-Kruibeke-Zwijndrecht | €15.5m | 0.1% | 86.6% | 68.4 |
| DELTATEC Ans | €10.5m | 1.8% | 40.7% | 62.9 |
| Normec OWS Ghent | €8.8m | -18.1% | 51.0% | 72.2 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SIMA: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €15m and €29m, founded between 1982 and 1991.
Official details
Source: KBO- Status
- Active since 22-10-1986Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 1 other
- Joint committee
- 209White-collar workers in metal manufacturing · annual accounts 31-03-2026
- Establishment unit
- 2.034.479.8797700 Mouscron, since 17-11-1986
- Financial year end
- 31 March
- Peppol
- Reachable since 07-12-2025
Annual accounts to 31-03-2026
- €21.2m▲ 53.4%
- Employeeson 31-03-2026
- 53▲ 17.8%
- Filing
- Filed on 13-10-2026, 18 days before the end of the filing period
Companies linked to SIMA
Subsidiaries and holdings
- PROTEC100%
- ALFA.DIS99.99%
- MUBEA SYSTEMS22.08%
Insights on SIMA
SIMA has existed since 1986. Turnover grew from €10.3m in 2008 to €16.2m in 2026.
Solvency fell in 2026 from 57.0% to 50.5% because of higher debts to suppliers.
F.M.K. holds all the shares. In December 2022, the Official Gazette published the appointment of Havegeer Kurt as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIMA
- What is the company number of SIMA?
- The company number of SIMA is 0429.624.777. The VAT number is the same number with BE in front: BE 0429.624.777.
- Where is SIMA based?
- The registered office is at Industriëlaan 99, 7700 Mouscron.Company details
- What does SIMA do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of SIMA?
- SIMA is a public limited company (NV).
- When was SIMA founded?
- SIMA was founded on 22-10-1986.
- Is SIMA still active?
- Yes, SIMA is an active enterprise in the KBO register.
- How many employees does SIMA have?
- SIMA had an average of 52.9 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does SIMA fall under?
- In its 31-03-2026 annual accounts, SIMA states joint committee 209 (White-collar workers in metal manufacturing).
- What is the turnover of SIMA?
- The turnover of SIMA was €16.2m in financial year 2026, according to the filed annual accounts.
- Is SIMA profitable?
- In financial year 2026, SIMA made a profit of €2.8m.
- Where can I find the annual accounts of SIMA?
- SIMA filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SIMA due?
- SIMA must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.F.M.K. · 17 companies
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