SIM AUTOGROUP
ActiveThe computed 12-month bankruptcy probability of SIM AUTOGROUP is 2.2% (moderate). The 2024 annual accounts show equity of €87k and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 26043 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-19
Solvency41=
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.02 in 2023; short-term debt: 83.7% and cash: 22.9% of total assets), and 83.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
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 2024Solvency, return and age of the figures
Solvency
16.3%
Return on assets
-1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
30 d early
2022
32 d early
2021
22 d late
2020
33 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€87k▼ 5.9%
2023 · €92k
2020: €-4k
2021: €-61k
2022: €14k
2023: €92k
2020 → 2024
Total assets
€533k▼ 5.2%
2023 · €561k
2020: €163k
2021: €265k
2022: €484k
2023: €561k
2020 → 2024
Net result
€-5k
2023 · €78k
2020: €-9k
2021: €-57k
2022: €75k
2023: €78k
2020 → 2024
Working capital
€40k▲ 442%
2023 · €7k
2020: €-30k
2021: €-82k
2022: €-49k
2023: €7k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-4k-€-61k▼ 1,321%€14k€92k▲ 571%€87k▼ 5.9%
Operating result€-10k-€-57k▼ 491%€76k€99k▲ 31.0%€-5k
Net result€-9k-€-57k▼ 511%€75k€78k▲ 4.8%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5k after €99k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €533k
Fixed assets
€46k▼ 45.4%
Current assets
€486k▲ 2.0%
Equity and liabilities €533k
Equity
€87k▼ 5.9%
Debt
€446k▼ 5.0%
The debt ratio rises from 83.6% to 83.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25k▼
2023 · €126k
Cash flow
€24k▼
2023 · €106k
Solvency
16.3%▼
2023 · 16.4%
Current ratio
1.09▲
2023 · 1.02
Quick ratio
0.38▲
2023 · 0.30
Debt / equity
5.14▲
2023 · 5.09
ROE
-6.3%▼
2023 · 85.1%
ROA
-1.0%▼
2023 · 14.0%
Interest coverage
62.97▼
2023 · 379.04
Debt
€446k▼
2023 · €469k
Debt ≤ 1 year
€446k▼
2023 · €469k
Staff costs
€23k▲
2023 · €3k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€561k€533k▼
Fixed assets21/28€85k€46k▼
Tangible fixed assets22/27€85k€46k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€73k€37k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€477k€486k▲
Stocks and contracts in progress3€336k€319k▼
Stocks30/36€336k€319k▼
Amounts receivable within one year40/41€18k€46k▲
Trade receivables40€16k€34k▲
Other amounts receivable41€2k€12k▲
Cash at bank and in hand54/58€123k€122k▼
Equity and liabilities
Total equity and liabilities10/49€561k€533k▼
Equity10/15€92k€87k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€87k€82k▼
Amounts payable17/49€469k€446k▼
Amounts payable within one year42/48€469k€446k▼
Trade debts44€921€52k▲
Suppliers440/4€921€52k▲
Taxes, remuneration and social security45€22k€26k▲
Taxes450/3€20k€21k▲
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€446k€368k▼
Income statement
Code20232024
Remuneration, social security and pensions62€3k€23k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€30k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€132k€49k▼
Operating profit (loss)9901€99k€-5k▼
Financial income75/76B€213€100▼
Recurring financial income75€213€100▼
Financial charges65/66B€333€389▲
Recurring financial charges65€333€389▲
Profit (loss) for the period before taxes9903€99k€-5k▼
Income taxes67/77€20k-
Profit (loss) for the period9904€78k€-5k▼
Profit (loss) for the period to be appropriated9905€78k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€82k▼
Profit (loss) brought forward from the previous period14P€9k€87k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €78k ▲4.8%
Operating result €99k, net result €78k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €75k
Net result €75k after 2 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Heusden-Zolder · 1 establishment unit since 2019
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.
Kapelstraat 1503550 Heusden-ZolderGround area
5,106 m²
Building footprint
933 m²
Volume, LiDAR
5,972 m³
Parcel 71025A2000/00P002, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sim Autogroup
since 20192.295.973.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A2000/00P002 | Flanders | 5,106 m² | 1 · 933 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JAVOROVAC
BE 1008.121.691
Liège · Eq €87k
ADAX
BE 0809.578.628
Brugge · Eq €87k
TRS AUTOPARTS
BE 0746.503.783
Sint-Pieters-Leeuw · Eq €87k
PREMIUM CAR TRADING
BE 0790.305.916
Lier · Eq €87k
THE DREAM CARS COMPANY
BE 0728.784.853
Sint-Pieters-Woluwe · Eq €87k
Of 10,672 companies in sector 47811 we hold annual accounts for 5,222. 3,587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2019
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.