SIM
ActiveSummary
SIM has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€60,268) and a net result of €1,562. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2022
Profitability48▼-25
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.39 in 2022; short-term debt: 262.9% and cash: 1% of total assets), and equity is negative.
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Signals
Six 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-162.9%
Return on assets
4.2%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 11472 sector peers (2025).
NBB · sector comparisonPosition among 11472 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2022
16 d late
2021
1 d early
2020
31 d early
2019
50 d late
2018
on the day
2017
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2022 is 3 days before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€60,268▲ 1.9%
2022 · -€61,405
Total assets
€36,998▼ 12.4%
2022 · €42,245
Net result
€1,562▼ 73.8%
2022 · €5,963
Working capital
-€60,268▲ 4.5%
2022 · -€63,105
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222025
Operating result-€9,445▲ 48.1%€30,056-€10,286€5,840€2,070-
Net result-€9,964▲ 45.4%€28,068above the sector's middle half-€11,460below the sector's middle half€5,963within the sector's middle half€1,562within the sector's middle half-
Equity-€83,976▼ 13.5%-€55,908below the sector's middle half▲ 33.4%-€67,368below the sector's middle half▼ 20.5%-€61,405below the sector's middle half▲ 8.9%-€60,268below the sector's middle half-
Total assets€5,725▼ 46.3%€37,209below the sector's middle half▲ 550%€39,364below the sector's middle half▲ 5.8%€42,245below the sector's middle half▲ 7.3%€36,998below the sector's middle half-
Debt€89,701▲ 5.9%€93,116▲ 3.8%€106,732▲ 14.6%€103,650▼ 2.9%€97,266-
Working capital-€86,017▼ 12.8%-€57,778▲ 32.8%-€69,068▼ 19.5%-€63,105▲ 8.6%-€60,268-
Solvency-150.3%below the sector's middle half-171.1%below the sector's middle half▼ 20.9pp-145.4%below the sector's middle half▲ 25.8pp-162.9%below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €2,070 in 2025, compared with €5,840 in 2022. Comparable figures for the intervening years are unavailable.
Key figures and ratios
Current ratio
0.38▼
2022 · 0.39
Quick ratio
0.01▼
2022 · 0.04
Debt to equity
-1.61▲
2022 · -1.69
ROA
4.2%▼
2022 · 14.1%
Debt ≤ 1 year
€97,266▼
2022 · €103,650
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,447 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €826 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €171 | €171 | €171 | - | - | - |
| Other operating charges640/8 | - | - | €1,685 | €985 | €805 | - |
| Gross operating margin9900 | -€8,330 | €30,732 | -€8,430 | €6,825 | €2,875 | - |
| Operating profit (loss)9901 | -€9,445 | €30,056 | -€10,286 | €5,840 | €2,070 | - |
| Financial income75/76B | - | - | €34 | €297 | €10 | - |
| Recurring financial income75 | €38 | - | €34 | €297 | €10 | - |
| Financial charges65/66B | - | - | €1,208 | €174 | €519 | - |
| Recurring financial charges65 | €556 | €2,285 | €1,208 | €174 | €519 | - |
| Profit (loss) for the period before taxes9903 | -€9,964 | €27,771 | -€11,460 | €5,963 | €1,562 | - |
| Income taxes67/77 | €0 | -€297 | - | - | - | - |
| Profit (loss) for the period9904 | -€9,964 | €28,068 | -€11,460 | €5,963 | €1,562 | - |
| Profit (loss) for the period to be appropriated9905 | -€9,964 | €28,068 | -€11,460 | €5,963 | €1,562 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,725 | €37,209 | €39,364 | €42,245 | €36,998 | - |
| Fixed assets21/28 | €2,041 | €1,871 | €1,700 | €1,700 | - | - |
| Tangible fixed assets22/27 | €341 | €171 | - | - | - | - |
| Financial fixed assets28 | €1,700 | €1,700 | €1,700 | €1,700 | - | - |
| Current assets29/58 | €3,684 | €35,338 | €37,664 | €40,545 | €36,998 | - |
| Stocks and contracts in progress3 | - | €22,635 | €28,669 | €35,956 | €35,956 | - |
| Stocks30/36 | - | - | €28,669 | €35,956 | €35,956 | - |
| Amounts receivable within one year40/41 | €3,378 | €6,971 | €6,645 | €3,238 | €239 | - |
| Trade receivables40 | - | - | €6,645 | €3,170 | - | - |
| Other amounts receivable41 | - | - | - | €68 | €239 | - |
| Cash at bank and in hand54/58 | €306 | €4,897 | €1,393 | €999 | €382 | - |
| Deferred charges and accrued income490/1 | - | - | €957 | €351 | €422 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,725 | €37,209 | €39,364 | €42,245 | €36,998 | - |
| Equity10/15 | -€83,976 | -€55,908 | -€67,368 | -€61,405 | -€60,268 | - |
| Contributions10/11 | €6,371 | €6,371 | €6,371 | €6,371 | €6,371 | - |
| Capital10 | - | - | €6,371 | €6,371 | €6,371 | - |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | - |
| Uncalled capital101 | - | - | €12,229 | €12,229 | €12,229 | - |
| Reserves13 | €930 | €930 | €930 | €930 | €930 | - |
| Non-distributable reserves130/1 | - | - | €930 | €930 | €930 | - |
| Legal reserve130 | - | - | €930 | €930 | €930 | - |
| Profit (loss) carried forward14 | -€91,276 | -€63,208 | -€74,668 | -€68,706 | -€67,568 | - |
| Amounts payable17/49 | €89,701 | €93,116 | €106,732 | €103,650 | €97,266 | - |
| Amounts payable within one year42/48 | €89,701 | €93,116 | €106,732 | €103,650 | €97,266 | - |
| Trade debts44 | €11,836 | €10,920 | €15,479 | €9,770 | €13,091 | - |
| Suppliers440/4 | - | - | €15,479 | €9,770 | €13,091 | - |
| Taxes, remuneration and social security45 | - | - | €13,361 | €14,586 | €16,743 | - |
| Taxes450/3 | - | - | €13,361 | €14,586 | €16,441 | - |
| Remuneration and social security454/9 | - | - | - | - | €302 | - |
| Other amounts payable47/48 | - | - | €77,893 | €79,293 | €67,433 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,964 | €28,068 | -€11,460 | €5,963 | €1,562 | - |
| + Depreciation and write-downs630 | €171 | €171 | €171 | - | - | - |
| Operating cash flow (approximation) | -€9,793 | €28,239 | -€11,290 | €5,963 | €1,562 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €4,592 | -€3,504 | -€394 | - | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
30-09
Financial
Back to profitnet €5,963
Net result €5,963 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €28,068
Net result €28,068 after 2 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 50 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
24-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Deinze · 1 establishment unit since 2002
Ground area
1,020 m²
Building footprint
131 m²
Volume, LiDAR
424 m³
Parcel 44030C0034/00H000, Flanders · tallest building 3.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vosselarestraat 44, 9850 Deinze
since 20022.089.658.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44030C0034/00H000 | Flanders | 1,020 m² | 1 · 131 m² | 3.9 m · 1 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.
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Gent
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 979 companies in sector 46431 we hold annual accounts for 706. See the whole sector
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded10-12-1998
Fiscal year end30-09
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464816179
Also
9925:BE0464816179
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.