SIM CONSULT
ActiveSummary
SIM CONSULT has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€647) and a net result of -€1,112. Equity is shrinking by about 30% per year across the filed financial years. Its solvency ranks better than 9% of 39,184 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- -€647
- Loss
- -€1,112
Why 53raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€647Loss of €1,112, the second in a row (financial year 2025)lowers riskSize: total assets €7,813Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 7% on solvency, 13% on liquidity, 8% on profitability and 1% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 13 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: SIMEONS Patrick (manager)Appointment: SIMEONS Patrick (director) ·…
- Weakest financial yearnet -€1,112
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €1,017 in 2025 against €971 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: 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).
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,619 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | - | €109 | - |
| Other operating charges640/8 | - | - | - | - | - | €64 | €64 | - | - |
| Gross operating margin9900 | -€781 | -€908 | -€908 | -€905 | -€911 | -€908 | -€908 | -€908 | = |
| Operating profit (loss)9901 | -€834 | -€908 | -€908 | -€905 | -€911 | -€971 | -€971 | -€1,017 | ▼ 4.7% |
| Financial income75/76B | - | - | - | €120 | €92 | €27 | €29 | €11 | ▼ 63.3% |
| Recurring financial income75 | €173 | €337 | €304 | €120 | €92 | €27 | €29 | €11 | ▼ 63.3% |
| Financial charges65/66B | - | - | - | €47 | €64 | €79 | €94 | €106 | ▲ 12.3% |
| Recurring financial charges65 | €37 | €41 | €26 | €47 | €64 | €79 | €94 | €106 | ▲ 12.3% |
| Profit (loss) for the period before taxes9903 | -€697 | -€611 | -€630 | -€832 | -€883 | -€1,023 | -€1,036 | -€1,112 | ▼ 7.3% |
| Income taxes67/77 | €2 | €0 | - | - | - | €1 | - | - | - |
| Profit (loss) for the period9904 | -€699 | -€612 | -€630 | -€832 | -€883 | -€1,024 | -€1,036 | -€1,112 | ▼ 7.3% |
| Profit (loss) for the period to be appropriated9905 | -€699 | -€612 | -€630 | -€832 | -€883 | -€1,024 | -€1,036 | -€1,112 | ▼ 7.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6,813 | €6,443 | €4,240 | €4,313 | €2,683 | €2,409 | €2,280 | €7,813 | ▲ 243% |
| Fixed assets21/28 | - | - | - | - | - | - | - | €5,941 | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €5,941 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €5,941 | - |
| Current assets29/58 | €6,813 | €6,443 | €4,240 | €4,313 | €2,683 | €2,409 | €2,280 | €1,872 | ▼ 17.9% |
| Amounts receivable within one year40/41 | €3,825 | €4,161 | €1,999 | €2,119 | €553 | €356 | €316 | €3 | ▼ 99.0% |
| Other amounts receivable41 | - | - | - | €2,119 | €553 | €356 | €316 | €3 | ▼ 99.0% |
| Cash at bank and in hand54/58 | €2,987 | €2,282 | €2,241 | €2,194 | €2,130 | €2,052 | €1,964 | €1,869 | ▼ 4.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6,813 | €6,443 | €4,240 | €4,313 | €2,683 | €2,409 | €2,280 | €7,813 | ▲ 243% |
| Equity10/15 | €5,482 | €4,870 | €4,240 | €3,408 | €2,525 | €1,501 | €465 | -€647 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€2,577 | -€3,189 | -€3,819 | -€4,651 | -€5,534 | -€6,558 | -€7,594 | -€8,706 | ▼ 14.6% |
| Amounts payable17/49 | €1,331 | €1,573 | - | €905 | €158 | €908 | €1,815 | €8,460 | ▲ 366% |
| Amounts payable within one year42/48 | €1,331 | €1,573 | - | €905 | €158 | €908 | €1,815 | €8,460 | ▲ 366% |
| Trade debts44 | €1,331 | €1,573 | - | €905 | €158 | €908 | €1,815 | €6,958 | ▲ 283% |
| Suppliers440/4 | - | - | - | €905 | €158 | €908 | €1,815 | €6,958 | ▲ 283% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €1,502 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€699 | -€612 | -€630 | -€832 | -€883 | -€1,024 | -€1,036 | -€1,112 | ▼ 7.3% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | - | €109 | - |
| Operating cash flow (approximation) | -€699 | -€612 | -€630 | -€832 | -€883 | -€1,024 | -€1,036 | -€1,003 | ▲ 3.2% |
| Change in cash | - | -€706 | -€41 | -€47 | -€64 | -€77 | -€88 | -€95 | ▼ 8.3% |
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 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00272243 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00358129 |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00184591 |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00218986 |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20211575 |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45400116 |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38500496 |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42700435 |
| 31-12-2017 | micro format | 23-08-2018 | 2018-49100111 |
| 31-12-2016 | micro format | 03-08-2017 | 2017-42100510 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SIMEONS Patrick |
|
Owners and capital
Capital and shareholders
- 07-04-2026 Converted to unavailable equity · €6,200
- 07-04-2026 Converted to unavailable equity · €1,859.20
- 07-04-2026 Converted to uncalled contributions · €12,392.01
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-04
Gazette deed
Resignation: SIMEONS Patrick (manager)Appointment: SIMEONS Patrick (director) · Purpose change · Legal-form conversion12 facts ▸
- General meeting, 01-04-2026
- Other provision, “lecture du rapport justifiant la modification de l'objet” (deed in French)
- Purpose change
- Legal-form conversion, “société à responsabilité limitée (en abrégé SRL)” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French) (2 times)
- Capital conversion, “compte de capitaux propres 'apports non appelés'” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, fonds rendus disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, SIMEONS Patrick (manager)
- Director appointment, SIMEONS Patrick (director (not named in the articles))
- Registered-office move, 1150 Woluwe-Saint-Pierre, avenue Grandchamp 152 boîte 1
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21683D0265/00W004 | Brussels | 6,812 m² | 1 · 390 m² | 14.4 m · 4 |
| 21905C0094/02Y004 | Brussels | 907 m² | 1 · 238 m² | 21.8 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes activités relatives aux services en marketing, consultance, organisation d'événements, intermédiaire rapide, aéronautique…” (deed in French)
11 activities (deed in French)
- Toutes activités relatives aux services en marketing, consultance, organisation d'événements, intermédiaire rapide, aéronautique, développement internet et nouvelles technologies telles que l'intelligence artificielle, etc
- Toutes activités se rapportant de près ou de loin à l'aérostation et aux activités aériennes, au sens le plus large.
- Toute activité immobilière y compris l'achat, la vente, la location, la rénovation de biens immobiliers.
- Activités Commerciales Générales : Et plus généralement, la société pourra effectuer toutes opérations commerciales, industrielles, financières, mobilières ou immobilières se rattachant directement ou indirectement à son objet ou de nature à en favoriser l'extension.
- 1) Activités aériennes et vols commerciaux: L'exploitation, l'organisation, la réalisation et la commercialisation de tous types de vols en ballon (montgolfières, ballons à gaz, dirigeables et tout autre aéronef aérostatique), habités ou non ; Les baptêmes de l'air, vols touristiques, vols panoramiques, vols événementiels, vols VIP, vols d'affaires, vols d'entreprise, vols privés ou collectifs ; Les vols à caractère promotionnel, publicitaire, de sponsoring ou de démonstration, incluant l'affichage de marques, logos, messages publicitaires ou institutionnels sur les aéronefs ou supports associés ; La participation aux événements, compétitions, festivals, foires, manifestations sportives, culturelles ou commerciales; Les vols expérimentaux, techniques, d'essai ou de démonstration, dans le respect de la réglementation applicable.
- 2) Activités commerciales, marketing et communication: La conception, la mise en œuvre et l'exploitation de campagnes de communication aérienne ; Les activités de marketing, publicité, relations publiques, sponsoring, brand content et événements promotionnels, utilisant l'aérostation comme support principal ou accessoire ; La location d'espaces publicitaires aériens ou au sol, temporaires ou permanents ; La production de contenus visuels, audiovisuels ou numériques liés aux activités aériennes (photos, vidéos, reportages, supports promotionnels).
- 3) Activités techniques et opérationnelles: L'achat, la vente, la location, l'entretien, la réparation, la modification, l'importation et l'exportation de ballons, nacelles, enveloppes, brûleurs, drones, équipements aéronautiques et accessoires liés à l'aérostation ; La gestion de flottes d'aéronefs aérostatiques ; Les services logistiques, techniques et opérationnels liés aux activités de vol.
- 4) Formation et encadrement: La formation, l'initiation, le coaching et l'encadrement de pilotes, équipages, techniciens ou assistants au sol ; L'organisation de stages, séminaires, conférences, ateliers et activités pédagogiques en lien avec l'aérostation et l'aéronautique légère.
- 4bis) Événementiel: L'organisation, la promotion et la gestion de tout type d'événements publics, privés ou professionnels, en ce compris la logistique, la location de matériel et les services de bouche (traiteur).
- 4ter) Consultance et Marketing: Toutes activités de conseil en stratégie de communication, marketing digital et opérationnel, relations publiques, ainsi que le coaching et la formation en entreprise.
- 5) Activités accessoires et connexes: Toute activité commerciale, industrielle, artisanale, civile ou financière, mobilière ou immobilière, se rattachant directement ou indirectement à l'objet social ou de nature à en faciliter la réalisation ou le développement ; La prise de participations, sous quelque forme que ce soit, dans toutes entreprises, sociétés ou groupements ayant un objet identique, similaire ou complémentaire ; La constitution de sûretés, garanties ou cautions, au profit de tiers ou de sociétés liées, dans les limites autorisées par la loi.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Région de Bruxelles-Capitale” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, nommés avec ou sans limitation de durée” (deed in French)“Pouvoirs de l'organe d'administration, Il peut déléguer des pouvoirs spéciaux à tout mandataire” (deed in French)“Rémunération des administrateurs, L’assemblée générale décide si le mandat d’administrateur est ou non exercé gratuitement” (deed in French)“Ils agissent seuls, gestion journalière” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Les cessions n’ont d’effet vis-à-vis de la société et des tiers qu’à dater de leur inscription dans le registre des actions. Des certificats…” (deed in French)“Tous les titres, autres que les actions, sont nominatifs, ils portent un numéro d’ordre, Ils sont inscrits dans un registre des titres…” (deed in French)“En cas de décès de l’actionnaire unique, les droits afférents aux actions sont exercés par les héritiers et légataires régulièrement saisis…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Dans tous les cas de cessions entre vifs, soit à titre onéreux, soit à titre gratuit, tant volontaires que forcées (cas de l’exclusion et du…” (deed in French)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “L’ouverture de la souscription avec droit de préférence ainsi que son délai d’exercice sont fixés par l’organe qui procède à l’émission et…” (deed in French)1 more provision on this in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Le bénéfice annuel net recevra l'affectation que lui donnera l'assemblée générale, statuant sur proposition de l'organe d'administration…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITRE V. ASSEMBLEE GENERALE Article 17. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le premier…” (deed in French)
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “Par e-mails, Les convocations aux assemblées générales contiennent l’ordre du jour” (deed in French)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Toute personne peut renoncer à la convocation, en tout cas, sera considérée comme ayant été régulièrement convoquée si elle est présente ou…” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed