Summary
SIM CONSTRUCT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €104,478 and a net result of €9,781. Equity is growing by about 6.1% per year across the filed financial years. Its solvency ranks better than 70% of 9,680 sector peers (NACE 64, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€104,478▲ 5.0%
2024 · €99,491
Net result
€9,781▼ 39.6%
2024 · €16,186
Total assets
€144,087▼ 8.1%
2024 · €156,747
Solvency
72.5%▲ 9.0pp
2024 · 63.5%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 40% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€15,783
2025
Net result€9,781
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€144,087
2025
Equity€104,478
2025
Debt€39,609
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€918
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)6.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency72.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.98
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€16,242-€12,744▼ 21.5%€544▼ 95.7%€11,269▲ 1,970%€24,421▲ 117%€26,117▲ 6.9%€15,783▼ 39.6%
Net result€4,794-€3,598within the sector's middle half▼ 24.9%-€4,527below the sector's middle half€6,454within the sector's middle half€13,287within the sector's middle half▲ 106%€16,186within the sector's middle half▲ 21.8%€9,781within the sector's middle half▼ 39.6%
Equity€75,911-€79,509within the sector's middle half▲ 4.7%€74,982within the sector's middle half▼ 5.7%€81,436within the sector's middle half▲ 8.6%€94,722within the sector's middle half▲ 16.3%€99,491within the sector's middle half▲ 5.0%€104,478within the sector's middle half▲ 5.0%
Total assets€216,741-€208,665within the sector's middle half▼ 3.7%€167,147within the sector's middle half▼ 19.9%€166,437within the sector's middle half▼ 0.4%€175,012within the sector's middle half▲ 5.2%€156,747within the sector's middle half▼ 10.4%€144,087within the sector's middle half▼ 8.1%
Debt€140,830-€129,155▼ 8.3%€92,164▼ 28.6%€85,001▼ 7.8%€80,290▼ 5.5%€57,256▼ 28.7%€39,609▼ 30.8%
Working capital-€17,515--€9,078within the sector's middle half▲ 48.2%-€19,960within the sector's middle half▼ 120%-€23,623within the sector's middle half▼ 18.4%-€16,644within the sector's middle half▲ 29.5%-€16,853within the sector's middle half▼ 1.3%-€918within the sector's middle half▲ 94.6%
Solvency35.0%-38.1%within the sector's middle half▲ 3.1pp44.9%within the sector's middle half▲ 6.8pp48.9%within the sector's middle half▲ 4.1pp54.1%within the sector's middle half▲ 5.2pp63.5%within the sector's middle half▲ 9.3pp72.5%within the sector's middle half▲ 9.0pp
Current ratio0.71-0.86within the sector's middle half▲ 0.150.53below the sector's middle half▼ 0.330.55below the sector's middle half▲ 0.020.74within the sector's middle half▲ 0.190.70below the sector's middle half▼ 0.040.98within the sector's middle half▲ 0.27
Return on assets (ROA)2.2%-1.7%within the sector's middle half▼ 0.5pp-2.7%below the sector's middle half▼ 4.4pp3.9%within the sector's middle half▲ 6.6pp7.6%within the sector's middle half▲ 3.7pp10.3%within the sector's middle half▲ 2.7pp6.8%within the sector's middle half▼ 3.5pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144,087
Fixed assets
€106,159 ▼ 9.1%
Current assets
€37,928 ▼ 5.2%
Equity and liabilities €144,087
Equity
€104,478 ▲ 5.0%
Debt
€39,609 ▼ 30.8%
Debt's share of the balance-sheet total falls from 36.5% to 27.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
9.4%▼
2024 · 16.3%
Debt ≤ 1 year
€38,845▼
2024 · €56,869
Income taxes
€4,639▼
2024 · €7,589
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 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,596 | €9,596 | €9,596 | €9,621 | €10,596 | €10,596 | €10,572 | ▼ 0.2% |
| Other operating charges640/8 | - | - | - | €1,873 | €2,078 | €2,490 | €2,404 | ▼ 3.5% |
| Gross operating margin9900 | €31,305 | €25,591 | €11,978 | €22,763 | €37,096 | €39,203 | €28,759 | ▼ 26.6% |
| Operating profit (loss)9901 | €16,242 | €12,744 | €544 | €11,269 | €24,421 | €26,117 | €15,783 | ▼ 39.6% |
| Financial income75/76B | - | - | - | €39 | €312 | €402 | €98 | ▼ 75.7% |
| Recurring financial income75 | €443 | €1,126 | €23 | €39 | €312 | €402 | €98 | ▼ 75.7% |
| Financial charges65/66B | - | - | - | €3,150 | €5,025 | €2,745 | €1,461 | ▼ 46.8% |
| Recurring financial charges65 | €7,869 | €7,315 | €4,735 | €3,150 | €5,025 | €2,745 | €1,461 | ▼ 46.8% |
| Profit (loss) for the period before taxes9903 | €8,817 | €6,555 | -€4,168 | €8,158 | €19,708 | €23,774 | €14,420 | ▼ 39.3% |
| Income taxes67/77 | €4,023 | €2,957 | €360 | €1,705 | €6,422 | €7,589 | €4,639 | ▼ 38.9% |
| Profit (loss) for the period9904 | €4,794 | €3,598 | -€4,527 | €6,454 | €13,287 | €16,186 | €9,781 | ▼ 39.6% |
| Profit (loss) for the period to be appropriated9905 | €4,794 | €3,598 | -€4,527 | €6,454 | €13,287 | €16,186 | €9,781 | ▼ 39.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €216,741 | €208,665 | €167,147 | €166,437 | €175,012 | €156,747 | €144,087 | ▼ 8.1% |
| Fixed assets21/28 | €173,738 | €154,141 | €144,545 | €137,924 | €127,327 | €116,731 | €106,159 | ▼ 9.1% |
| Tangible fixed assets22/27 | €163,738 | €154,141 | €144,545 | €137,924 | €127,327 | €116,731 | €106,159 | ▼ 9.1% |
| Land and buildings22 | - | - | - | €134,948 | €125,352 | €115,755 | €106,159 | ▼ 8.3% |
| Furniture and vehicles24 | - | - | - | €2,975 | €1,975 | €975 | €0 | ▼ 100% |
| Financial fixed assets28 | €10,000 | - | - | - | - | - | - | - |
| Current assets29/58 | €43,004 | €54,523 | €22,602 | €28,513 | €47,685 | €40,016 | €37,928 | ▼ 5.2% |
| Amounts receivable within one year40/41 | €2,187 | €29,991 | €520 | €6,141 | €16,029 | €15,390 | €8,861 | ▼ 42.4% |
| Trade receivables40 | - | - | - | €3,164 | €13,189 | €10,012 | €7,158 | ▼ 28.5% |
| Other amounts receivable41 | - | - | - | €2,977 | €2,840 | €5,378 | €1,703 | ▼ 68.3% |
| Cash at bank and in hand54/58 | €36,759 | €20,030 | €21,082 | €21,791 | €30,994 | €24,116 | €28,541 | ▲ 18.3% |
| Deferred charges and accrued income490/1 | - | - | - | €582 | €662 | €511 | €526 | ▲ 2.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €216,741 | €208,665 | €167,147 | €166,437 | €175,012 | €156,747 | €144,087 | ▼ 8.1% |
| Equity10/15 | €75,911 | €79,509 | €74,982 | €81,436 | €94,722 | €99,491 | €104,478 | ▲ 5.0% |
| Contributions10/11 | €20,000 | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €6,794 | €10,392 | €10,392 | €16,846 | €30,132 | €46,318 | €51,305 | ▲ 10.8% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | - | - | - | €14,846 | €28,132 | €46,318 | €51,305 | ▲ 10.8% |
| Profit (loss) carried forward14 | €49,118 | €49,118 | €44,590 | €44,590 | €44,590 | €33,173 | €33,173 | = |
| Amounts payable17/49 | €140,830 | €129,155 | €92,164 | €85,001 | €80,290 | €57,256 | €39,609 | ▼ 30.8% |
| Amounts payable after more than one year17 | €79,516 | €65,554 | €49,603 | €32,865 | €15,299 | €0 | - | - |
| Financial debts170/4 | - | - | - | €32,865 | €15,299 | €0 | - | - |
| Amounts payable within one year42/48 | €60,519 | €63,601 | €42,561 | €52,136 | €64,330 | €56,869 | €38,845 | ▼ 31.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,500 | €17,565 | €15,299 | €0 | ▼ 100% |
| Trade debts44 | €21,677 | €3,069 | €2,844 | €0 | €3,829 | €864 | €126 | ▼ 85.4% |
| Suppliers440/4 | - | - | - | €0 | €3,829 | €864 | €126 | ▼ 85.4% |
| Taxes, remuneration and social security45 | - | - | - | €1,705 | €2,922 | €111 | €2,139 | ▲ 1,831% |
| Taxes450/3 | - | - | - | €1,705 | €2,922 | €111 | €2,139 | ▲ 1,831% |
| Other amounts payable47/48 | - | - | - | €34,932 | €40,014 | €40,595 | €36,580 | ▼ 9.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €661 | €387 | €763 | ▲ 97.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,794 | €3,598 | -€4,527 | €6,454 | €13,287 | €16,186 | €9,781 | ▼ 39.6% |
| + Depreciation and write-downs630 | €9,596 | €9,596 | €9,596 | €9,621 | €10,596 | €10,596 | €10,572 | ▼ 0.2% |
| Operating cash flow (approximation) | €14,390 | €13,195 | €5,069 | €16,075 | €23,883 | €26,782 | €20,353 | ▼ 24.0% |
| Investment in fixed assets (approximation) | - | €10,000 | €0 | -€3,000 | €0 | €0 | €0 | - |
| Change in cash | - | -€16,728 | €1,052 | €709 | €9,204 | -€6,879 | €4,425 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 22-12-2025 | 2025-00587213 |
| 30-06-2024 | micro format | 05-01-2025 | 2025-00629960 |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00535178 |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00012122 |
| 30-06-2021 | micro format | 28-12-2021 | 2021-81900384 |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02900116 |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03500263 |
| 30-06-2018 | micro format | 30-01-2019 | 2019-03400089 |
| 30-06-2017 | micro format | 29-01-2018 | 2018-02900479 |
| 30-06-2016 | abbreviated format | 24-01-2017 | 2017-02000484 |
Similar companies · same sector, comparable size
Balo Invest
BE 0739.737.044
Hasselt · equity €104,489
WENTER
BE 0822.761.126
Wingene · equity €104,506
Greymill
BE 1010.806.514
Kortrijk · equity €104,532
Club Planner Invest
BE 1007.750.420
Maldegem · equity €104,358
ODB CONSULT
BE 0793.949.156
Diepenbeek · equity €104,612
Of the 24,462 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,970. 12,580 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.