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.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
€144,087total assets 2025
- Equity
- €104,478
- Profit
- €9,781
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 days early
2024
26 days early
2023
40 days early
2022
on the day
2021
34 days early
2020
2 days early
2019
on the day
← 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 20 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 28 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end18-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: Mustafa Simsek (director)Appointment: Bahattin Simsek (director) ·…
- Equity above €100,000equity €104,478 ▲5%
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 |
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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.
Directors
Directors
1 director, last change in 2025
Bahattin Simsek
CurrentDirector · since 31-10-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
6 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bahattin Simsek |
|
| Mustafa Simsek |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
financial year 2025 · micro format
28-11
Gazette deed
Resignation: Mustafa Simsek (director)Appointment: Bahattin Simsek (director) · Director discharge6 facts ▸
Gazette deed
Resignation: Mustafa Simsek (director)
Appointment: Bahattin Simsek (director) · Director discharge6 facts ▸
- General meeting, 31-10-2025
- Director resignation, Mustafa Simsek (director)
- Director discharge, Mustafa Simsek (director)
- Director appointment, Bahattin Simsek (director)
- Board composition, Bahattin Simsek (director)
- Board composition, Selame Simsek (director)
30-06
Financial
Equity above €100,000equity €104,478 ▲5%
4 profitable years in a row build equity to €104,478.
05-01
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
30-06
Financial
Highest result from 2019 to 2025net €16,186 ▲21.8%
Operating result €26,117, net result €16,186, both a record.
2023
22-12
NBB filing
Annual accounts filed
financial year 2023 · micro format
31-01
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
30-06
Financial
Back to profitnet €6,454
Net result €6,454 after one loss-making year.
2021
28-12
NBB filing
Annual accounts filed
financial year 2021 · micro format
30-06
Financial
Weakest financial yearnet -€4,527
Net result drops to -€4,527, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-01
NBB filing
Annual accounts filed
financial year 2019 · micro format
Show earlier events
2019
30-01
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
29-01
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
24-01
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 16 annual accounts filed, the latest 10 are here; all 16 are under Financials.
1 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded04-11-2009
Financial year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
41001General construction of residential buildings
43341Painting of buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820424713
Also
9925:BE0820424713
Registered
22-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0820.424.713
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2009
Ground area
5,977 m²
Building footprint
1,387 m²
Building volume
7,918 m³
2 parcels, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Sim Construct
since 2009unit no. 2.183.651.429
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71025A2000/00P002 | Flanders | 5,106 m² | 1 · 933 m² | 7.1 m · 2 |
| 71025A0913/00V000 | Flanders | 871 m² | 1 · 454 m² | 7.4 m · 1 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 28-11-2025
Read from the deeds: 1 provision, deed of 28-11-2025