Equity
sim projects has made a profit in every financial year since 2018.
sim projects has made a profit in every financial year since 2018.
The result rose in 2024 from €19,559 to €118,326.
The micro format states no turnover.
Debts rose by €75,835 in 2024.
2025 accounts not filed: deadline was 31-07-2026.
Higher net result than 95% of companies in specialised construction. Sector median €9,467 · 35,926 companies.
In July 2024, 6,782 companies had the same profile as sim projects has now. Each dot stands for 17 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for sim projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| sim projects Heusden-Zolder | - | - | 44.2% | - |
| ELFRIED LEFEVERE CRANES & TECHNICAL SERVICES Kruisem | - | - | 45.3% | - |
| AMA SISTEM Ternat | €1.7m | 13.1% | 75.1% | - |
| PRO RAMEN Berchem-Sainte-Agathe | €1.5m | 6.3% | 66.9% | - |
| POOL & SPA DESIGN Mouscron | - | - | 23.8% | - |
| be + construct Herve | - | - | 2.3% | 2.6 |
| BEMAGEX La Louvière | - | - | 3.4% | - |
These companies have the same main activity as sim projects: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €700,000 and €792,000, founded between 2017 and 2018.
sim projects files the micro format. That format states no turnover. The gross margin rose from €85,822 in 2018 to €235,263 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 11 November 2026.
Higher than 47% of 35,957 companies in 2024.
Higher than 47% of 35,355 companies in 2024.
Higher than 73% of 35,539 companies in 2024.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
724,443 | 530,282 | 388,115 | 220,473 | 211,364 | 143,051 | 64,977 | |
21/28 |
29,223 | 33,979 | 26,797 | 30,993 | 31,585 | 12,824 | 26,325 | |
22/27 |
23,685 | 28,641 | 21,459 | 25,655 | 31,585 | 12,824 | 26,325 | |
23 |
17,106 | 20,739 | 21,459 | 25,655 | 31,585 | 7,657 | 15,991 | |
24 |
6,579 | 7,902 | - | - | - | 5,167 | 10,333 | |
28 |
5,538 | 5,338 | 5,338 | 5,338 | - | - | - | |
29/58 |
695,219 | 496,303 | 361,318 | 189,480 | 179,779 | 130,227 | 38,653 | |
3 |
9,590 | 8,460 | 8,954 | 9,612 | 4,251 | - | - | |
30/36 |
9,590 | 8,460 | 8,954 | 9,612 | 4,251 | - | - | |
40/41 |
611,246 | 466,727 | 246,471 | 124,627 | 126,405 | 112,207 | 35,418 | |
40 |
117,645 | 94,348 | - | - | 34,381 | 44,314 | 12,340 | |
41 |
493,600 | 372,380 | 246,471 | 124,627 | 92,025 | 67,894 | 23,078 | |
54/58 |
72,819 | 19,340 | 101,305 | 52,669 | 47,431 | 16,771 | 3,235 | |
490/1 |
1,565 | 1,777 | 4,588 | 2,571 | 1,692 | 1,249 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
724,443 | 530,282 | 388,115 | 220,473 | 211,364 | 143,051 | 64,977 | |
10/15 |
320,305 | 201,979 | 182,420 | 70,443 | 41,416 | 34,678 | 19,878 | |
10/11 |
6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,350 | 12,350 | 12,350 | |
13 |
314,055 | 195,729 | 176,170 | 64,193 | 35,166 | 28,428 | 13,628 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | |
133 |
312,195 | 193,869 | 174,310 | 62,333 | 33,306 | 26,568 | 11,768 | |
17/49 |
404,138 | 328,303 | 205,695 | 150,030 | 169,948 | 108,373 | 45,099 | |
17 |
- | 1,200 | 5,413 | 12,511 | 19,477 | - | - | |
170/4 |
- | - | 5,413 | 12,511 | 19,477 | - | - | |
178/9 |
- | 1,200 | - | - | - | - | - | |
42/48 |
404,138 | 327,103 | 200,282 | 137,519 | 150,472 | 108,373 | 45,099 | |
42 |
25,000 | 31,536 | 8,221 | 8,088 | 7,958 | 1,123 | - | |
44 |
302,786 | 204,171 | 112,339 | 112,950 | 131,535 | 89,526 | 30,488 | |
440/4 |
302,786 | 204,171 | 112,339 | 112,950 | 131,535 | 89,526 | 30,488 | |
46 |
- | 20,000 | - | - | - | - | - | |
45 |
76,351 | 71,396 | 79,722 | 16,480 | 10,979 | 17,724 | 14,611 | |
450/3 |
72,430 | 63,866 | 75,185 | 12,879 | 3,162 | 10,242 | 8,432 | |
454/9 |
3,922 | 7,530 | 4,536 | 3,601 | 7,816 | 7,482 | 6,179 | |
| Income statement | ||||||||
70 |
- | - | - | - | 627,696 | 533,648 | 472,426 | |
76A |
- | 9,133 | 533 | 1,181 | 3,000 | 2,309 | - | |
9900 |
235,263 | 67,879 | 247,962 | 92,794 | 74,032 | 87,451 | 85,822 | |
60/61 |
- | - | - | - | 556,664 | 448,505 | 386,603 | |
62 |
52,223 | 34,392 | 56,930 | 44,408 | 48,866 | 35,446 | 52,274 | |
630 |
7,285 | 5,418 | 4,196 | 5,931 | 9,238 | 10,032 | 9,164 | |
631/4 |
- | - | - | 3,355 | - | 6,065 | - | |
640/8 |
2,066 | 6,622 | 4,470 | 1,743 | 2,721 | 376 | 571 | |
66A |
19,712 | 5,926 | 1,200 | 1,000 | 2,011 | - | - | |
9901 |
153,977 | 15,522 | 181,166 | 36,357 | 11,196 | 35,534 | 23,813 | |
75/76B |
24,562 | 14,522 | 10,909 | 6,182 | 5,788 | 1 | 532 | |
75 |
24,562 | 14,522 | 10,909 | 6,182 | 5,788 | 1 | 532 | |
65/66B |
4,195 | 5,155 | 15,253 | 3,874 | 6,746 | 15,631 | 5,579 | |
65 |
4,195 | 5,155 | 15,253 | 3,874 | 6,746 | 15,631 | 5,579 | |
9903 |
174,344 | 24,890 | 176,822 | 38,665 | 10,238 | 19,903 | 18,766 | |
67/77 |
56,018 | 5,330 | 64,845 | 9,639 | 3,500 | 5,103 | 5,138 | |
9904 |
118,326 | 19,559 | 111,977 | 29,027 | 6,738 | 14,800 | 13,628 | |
9905 |
118,326 | 19,559 | 111,977 | 29,027 | 6,738 | 14,800 | 13,628 | |
| Appropriation of the result | ||||||||
9906 |
118,326 | 19,559 | 111,977 | 29,027 | 6,738 | 14,800 | 13,628 | |
691/2 |
118,326 | 19,559 | 111,977 | 29,027 | 6,738 | 14,800 | 13,628 | |
6920 |
- | - | - | - | - | - | 1,860 | |
6921 |
118,326 | 19,559 | 111,977 | 29,027 | 6,738 | 14,800 | 11,768 | |
| Document | ||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 27-11-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 27-11-2025 | 2025-00576656 | |
| 31-12-2023 | micro format | 31-10-2024 | 2024-00530041 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00506566 | |
| 31-12-2021 | micro format | 01-06-2022 | 2022-20051163 | |
| 31-12-2020 | micro format | 24-03-2022 | 2022-09100163 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37100532 | |
| 31-12-2018 | micro format | 31-03-2020 | 2020-08400345 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| 161,262 | 20,940 | 185,362 | 42,288 | 20,435 | 45,565 | 32,978 | ||
| 125,611 | 24,977 | 116,173 | 34,957 | 15,977 | 24,832 | 22,793 | ||
| 2,529 | 12,600 | 0 | 5,338 | 28,000 | -3,469 | 35,489 | ||
| 53,479 | -81,965 | 48,635 | 5,238 | 30,660 | 13,536 | - | ||
| 291,082 | 169,200 | 161,036 | 51,961 | 29,307 | 21,854 | -6,446 | ||
| - | - | - | - | 1.8% | 6.7% | 5.0% | ||
| 44.2% | 38.1% | 47.0% | 32.0% | 19.6% | 24.2% | 30.6% | ||
| 1.72 | 1.52 | 1.80 | 1.38 | 1.19 | 1.20 | 0.86 | ||
| 1.70 | 1.49 | 1.76 | 1.31 | 1.17 | 1.20 | 0.86 | ||
| 1.26 | 1.63 | 1.13 | 2.13 | 4.10 | 3.13 | 2.27 | ||
| 36.9% | 9.7% | 61.4% | 41.2% | 16.3% | 42.7% | 68.6% | ||
| 16.3% | 3.7% | 28.9% | 13.2% | 3.2% | 10.3% | 21.0% | ||
| 38.44 | 4.06 | 12.15 | 10.92 | - | - | - | ||
| - | - | - | - | 20 days | 30 days | 10 days | ||
| - | - | - | - | 86 days | 73 days | 29 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €2,329 | €12,600 | - | - |
| Financial fixed assets | €200 | - | - | €5,338 |
| €7,285 | €5,418 | €4,196 | €5,931 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 9.9 times that of 2023. It is a recovery after the fall in 2023.
Debt's share of the balance-sheet total falls from 61.9% to 55.8%. Equity and debt are higher.
sim projects has no parent and no holdings in its annual accounts. is the only director.
via , at sim projects, last mentioned in 2017 · Manager · deed of 03-12-2018 Open bankruptcy |
founded in 2015 |
The network starts from the earlier ties.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Sim projects was incorporated on 5 December 2017 by two natural persons, with a starting capital of €18,600.12 The registered office moved to Hasselt in 2019, to Koersel in 2019 and to Heusden-Zolder in 2019.345 Since 2017, has served as manager.6 Turnover grew from €472,426 in 2018 to €627,696 in 2020.7
| Establishment | Since | Unit number |
|---|---|---|
| Magazijnstraat 5 registered office 3550 Heusden-Zolder | 05-12-2017 | 2.270.730.309 |
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. Use the enterprise number 0685.652.715
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