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SAIMON

Active
Private limited company (pre-2019)·Activiteiten van eetgelegenheden met volledige bediening· 12 yrs active
Rue de Bruxelles 7 ·1400 Nivelles, Belgium
KBO/BCE: BE 0541.318.396
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Age12 yrs
Staff (FTE)0.6

Summary

Conclusion

the dossier summarised in one paragraph

The file of SAIMON contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2021 annual accounts show equity of €56k and a net result of €-7k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 72% of 199 sector peers (fiscal year 2021).

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
≥ 25% High
0%0,5%1,5%4%10%≥25%
Judicial reorganisation on record +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Insolvency timeline

2 events
16-04-2019
Judicial reorganisation Plan homologation
Date: 08-04-2019 · Tribunal de l’entreprise du Brabant wallon · 20180036 · Publications in State Gazette ↗
06-11-2018
Judicial reorganisation Opening
Date: 29-10-2018 · Tribunal de l’entreprise du Brabant wallon · collectif · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Earlier reorganisation (closed)
Involved in a judicial reorganisation procedure in the past. No current open procedure.

Administrative Flags

No administrative flags

Financials

Turnover€141k+21.6%
EBIT margin0.2%+6.1pp
Net result€-7k
Working capital€4k-92.7%

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 27-12-2022 with the NBB · fiscal year 2021 · volledig
€-50k€0€50k€100k€150k€200kRevenue 2018: €174k€174kOperating result 2018: €24k€24kNet result 2018: €44k€44kRevenue 2019: €186k€186kOperating result 2019: €7k€7kNet result 2019: €50k€50kRevenue 2020: €116k€116kOperating result 2020: €-7k€-7kNet result 2020: €43k€43kRevenue 2021: €141k€141kOperating result 2021: €334€334Net result 2021: €-7k€-7k2018201920202021
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~7.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
€30k€40k€50k€60k€70k2022: €52k (€48k - €57k)2023: €48k (€41k - €54k)2024: €43k (€34k - €52k)2018: €64k2019: €70k2020: €63k2021: €56k2018201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2021 · NACE 56, Food & beverage service · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 49.2% 22.2%
better than 72% of 199 sector peers
Net result €-7k €6k
better than 30% of 199 sector peers
Equity €56k €20k
better than 67% of 200 sector peers
Gross operating margin €13k €60k
better than 28% of 189 sector peers
Staff costs €11k €79k
higher than 20% of 139 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€141k
+21.6% 18-21
EBITDA
€-3k
- far below sector median
Net profit
€-7k
- far below sector median
Cash flow
€47k
-18.7% -39% vs sector
Total assets
€114k
+10.3% -47% vs sector
Equity
€56k
-10.9% -51% vs sector
Working capital
€4k
-92.7% -97% vs sector
Employees (FTE)
1
- -50% vs sector
Staff costs
€11k
- -78% vs sector
Income taxes
€7k
-48.3% +30% vs sector
Debt
€58k
+43.3% -51% vs sector
Debt ≤ 1y
€58k
+43.3% +15% vs sector
Current ratio
1.07
-55.2% -64% vs sector
Quick ratio
1.07
-55.2% -59% vs sector
Solvency
49.2%
-19.2% -4% vs sector
Debt / equity
1.03
- -5% vs sector
ROE
-12.3%
- far below sector median
ROA
-6.0%
- far below sector median
Net margin
-4.9%
- 18-21
EBITDA margin
-2.2%
- 18-21
Figures by fiscal year
Fiscal year2021
Revenue€141k
EBITDA-
Net profit€-7k
Cash flow-
Staff costs€11k
Income taxes€7k
Dividends-
Total assets€114k
Equity€56k
Debt€58k
of which ≤ 1y€58k
of which > 1y-
Working capital€4k
Employees (FTE)0.6
Ratios (computed)
2021
Current ratio1.07
Quick ratio1.07
Working capital ratio3.6%
Solvency49.2%
Debt / equity1.03
Long-term debt ratio-
Interest coverage-
Gross margin0.5%
Net margin-4.9%
ROA-6.0%
ROE-12.3%
EBITDA margin-
Days sales outstanding138d
Days payable outstanding53d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€114k
Fixed assets 21/28€52k
Tangible fixed assets 22/27€52k
Current assets 29/58€62k
Amounts receivable within one year 40/41€54k
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€114k
Equity 10/15€56k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€36k
Amounts payable 17/49€58k
Amounts payable within one year 42/48€58k
Trade debts payable within one year 44€21k
Income statement
Turnover 70€141k
Gross operating margin 9900€13k
Operating result 9901€334
Financial charges 65€178
Result before taxes 9903€157
Income taxes 67/77€7k
Net result for the period 9904€-7k
Result to be appropriated 9905€-7k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
30 / 100 Weak
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
PHENICIA PLAZA
Rue de Bruxelles 7, 1400 NivellesRestaurant van het traditionele type
since 20132.223.635.819
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area344 m²
Buildings1
Building footprint55 m²
Volume (LiDAR)776 m³
Tallest building16.9 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25782D0084/00B000 Wallonia 344 m² 1 · 55 m² 16.9 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

2 events from the State Gazette
16-04-2019
Judicial reorganisation Plan homologation
Date: 08-04-2019 · Tribunal de l’entreprise du Brabant wallon · 20180036 · Publications in State Gazette ↗
06-11-2018
Judicial reorganisation Opening
Date: 29-10-2018 · Tribunal de l’entreprise du Brabant wallon · collectif · Publications in State Gazette ↗

Time machine: BS events + macro context

2018-2026
COVID lockdownEnergiecrisisECB hikes2018201920202021202220232024202520262018-11-06 · Judicial reorganisation · Opening2019-04-16 · Judicial reorganisation · Plan homologation
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
Capital history · 1
31-01-2022
Capital change
All acts · 1 updated 4 years ago
2022
31-01-2022 Transaction in capital or shares Capital & shares

Analysis

Snowflake analysis

financial profile on 5 axes
Health30Profitability0Solvency74Growth25Stability0
26 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 30
Profitability 0
Solvency 74
Growth 25
Stability 0

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AI due-diligence brief

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameFR SAIMON
Registered office
Rue de Bruxelles 7 bus 4
1400 Nivelles, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.