SIM'S
ActiveSummary
SIM'S has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €704,033 and a net result of €101,086. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 817 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-10
Solvency97▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.69 in 2024; short-term debt: 17.6% and cash: 23.1% of total assets), and 27.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.2%
Return on assets
10.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
21 d late
2022
29 d late
2021
61 d late
2020
31 d late
2019
25 d late
← 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 32 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#9 employer in Charleroi, Accommodation and food service sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€101,086▼ 42.3%
2024 · €175,062
Working capital
€195,302▲ 56.1%
2024 · €125,105
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€163,957€53,154▼ 67.6%€203,298▲ 282%€263,442▲ 29.6%€176,330▼ 33.1%
Net result€112,199€37,630▼ 66.5%€118,786▲ 216%€175,062▲ 47.4%€101,086▼ 42.3%
Equity€318,040▲ 32.1%€355,670▲ 11.8%€445,884▲ 25.4%€602,946▲ 35.2%€704,033▲ 16.8%
Total assets€580,362▲ 31.2%€600,230▲ 3.4%€709,393▲ 18.2%€948,071▲ 33.6%€974,973▲ 2.8%
Debt€262,322▲ 30.3%€244,561▼ 6.8%€263,509▲ 7.7%€345,125▲ 31.0%€270,940▼ 21.5%
Working capital€151,617▲ 56.5%€103,576▼ 31.7%€182,406▲ 76.1%€125,105▼ 31.4%€195,302▲ 56.1%
Staff (FTE)8.1▲ 14.1%10.5▲ 29.6%17.1
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €974,973
Fixed assets
€607,991 ▼ 5.2%
Current assets
€366,982 ▲ 19.6%
Equity and liabilities €974,973
Equity
€704,033 ▲ 16.8%
Debt
€270,940 ▼ 21.5%
Debt's share of the balance-sheet total falls from 36.4% to 27.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€293,019▼
2024 · €366,652
Cash flow
€217,775▼
2024 · €278,272
Current ratio
2.14▲
2024 · 1.69
Quick ratio
1.94▲
2024 · 1.51
Debt to equity
0.38▼
2024 · 0.57
ROE
14.4%▼
2024 · 29.0%
ROA
10.4%▼
2024 · 18.5%
Interest coverage
10.25▼
2024 · 52.64
Debt ≤ 1 year
€171,680▼
2024 · €181,619
Debt > 1 year
€99,144▼
2024 · €163,507
Income taxes
€46,655▼
2024 · €81,506
Staff costs
€649,531▲
2024 · €631,532
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,792 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €250,371 | €428,014 | €596,747 | €631,532 | €649,531 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,950 | €93,508 | €96,378 | €103,210 | €116,689 | ▲ 13.1% |
| Other operating charges640/8 | €1,324 | €2,539 | €1,300 | €1,402 | €1,688 | ▲ 20.4% |
| Non-recurring operating charges66A | - | €87 | - | - | - | - |
| Gross operating margin9900 | €487,602 | €577,303 | €897,724 | €999,586 | €944,238 | ▼ 5.5% |
| Operating profit (loss)9901 | €163,957 | €53,154 | €203,298 | €263,442 | €176,330 | ▼ 33.1% |
| Financial income75/76B | €2 | - | €31 | €92 | €0 | ▼ 99.9% |
| Recurring financial income75 | €2 | - | €31 | €92 | €0 | ▼ 99.9% |
| Financial charges65/66B | €21,992 | €22,359 | €28,478 | €6,965 | €28,588 | ▲ 310% |
| Recurring financial charges65 | €21,992 | €22,359 | €28,478 | €6,965 | €28,588 | ▲ 310% |
| Profit (loss) for the period before taxes9903 | €141,967 | €30,796 | €174,851 | €256,568 | €147,742 | ▼ 42.4% |
| Income taxes67/77 | €29,768 | -€6,834 | €56,065 | €81,506 | €46,655 | ▼ 42.8% |
| Profit (loss) for the period9904 | €112,199 | €37,630 | €118,786 | €175,062 | €101,086 | ▼ 42.3% |
| Profit (loss) for the period to be appropriated9905 | €112,199 | €37,630 | €118,786 | €175,062 | €101,086 | ▼ 42.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €580,362 | €600,230 | €709,393 | €948,071 | €974,973 | ▲ 2.8% |
| Fixed assets21/28 | €339,698 | €390,632 | €412,916 | €641,348 | €607,991 | ▼ 5.2% |
| Tangible fixed assets22/27 | €339,698 | €390,632 | €411,307 | €639,738 | €606,382 | ▼ 5.2% |
| Land and buildings22 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Plant, machinery and equipment23 | €154,972 | €178,914 | €203,868 | €468,006 | €468,819 | ▲ 0.2% |
| Furniture and vehicles24 | €84,727 | €111,718 | €107,438 | €71,733 | €37,563 | ▼ 47.6% |
| Financial fixed assets28 | - | - | €1,609 | €1,609 | €1,609 | = |
| Current assets29/58 | €240,664 | €209,599 | €296,477 | €306,724 | €366,982 | ▲ 19.6% |
| Stocks and contracts in progress3 | €22,888 | €26,732 | €14,578 | €32,733 | €33,774 | ▲ 3.2% |
| Stocks30/36 | €22,888 | €26,732 | €14,578 | €32,733 | €33,774 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €7,364 | €37,073 | €15,688 | €33,705 | €98,910 | ▲ 193% |
| Trade receivables40 | €849 | - | €1,999 | €9,255 | €10,111 | ▲ 9.2% |
| Other amounts receivable41 | €6,516 | €37,073 | €13,690 | €24,450 | €88,800 | ▲ 263% |
| Cash at bank and in hand54/58 | €205,087 | €144,417 | €257,224 | €238,603 | €225,670 | ▼ 5.4% |
| Deferred charges and accrued income490/1 | €5,325 | €1,376 | €8,986 | €1,684 | €8,628 | ▲ 413% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €580,362 | €600,230 | €709,393 | €948,071 | €974,973 | ▲ 2.8% |
| Equity10/15 | €318,040 | €355,670 | €445,884 | €602,946 | €704,033 | ▲ 16.8% |
| Contributions10/11 | €48,600 | €48,600 | €48,600 | €48,600 | €48,600 | = |
| Capital10 | €48,600 | €48,600 | €48,600 | €48,600 | €48,600 | = |
| Issued capital100 | €48,600 | €48,600 | €48,600 | €48,600 | €48,600 | = |
| Reserves13 | €93,000 | €130,000 | €248,785 | €405,847 | €506,933 | ▲ 24.9% |
| Distributable reserves133 | €93,000 | €130,000 | €248,785 | €405,847 | €506,933 | ▲ 24.9% |
| Profit (loss) carried forward14 | €176,440 | €177,070 | €148,499 | €148,499 | €148,499 | = |
| Amounts payable17/49 | €262,322 | €244,561 | €263,509 | €345,125 | €270,940 | ▼ 21.5% |
| Amounts payable after more than one year17 | €173,275 | €138,538 | €149,438 | €163,507 | €99,144 | ▼ 39.4% |
| Financial debts170/4 | €173,275 | €138,538 | €149,438 | €163,507 | €99,144 | ▼ 39.4% |
| Amounts payable within one year42/48 | €89,048 | €106,022 | €114,071 | €181,619 | €171,680 | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | €22,120 | €33,213 | €29,687 | €75,490 | €104,965 | ▲ 39.0% |
| Trade debts44 | €34,074 | €21,245 | €51,353 | €55,828 | €11,390 | ▼ 79.6% |
| Suppliers440/4 | €34,074 | €21,245 | €51,353 | €55,828 | €11,390 | ▼ 79.6% |
| Advances received on contracts in progress46 | - | - | €720 | - | - | - |
| Taxes, remuneration and social security45 | €31,053 | €49,902 | €32,311 | €50,300 | €55,325 | ▲ 10.0% |
| Taxes450/3 | €12,578 | €4,985 | €8,571 | €22,199 | €12,739 | ▼ 42.6% |
| Remuneration and social security454/9 | €18,475 | €44,917 | €23,740 | €28,102 | €42,586 | ▲ 51.5% |
| Other amounts payable47/48 | €1,800 | €1,661 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €116 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,199 | €37,630 | €118,786 | €175,062 | €101,086 | ▼ 42.3% |
| + Depreciation and write-downs630 | €71,950 | €93,508 | €96,378 | €103,210 | €116,689 | ▲ 13.1% |
| Operating cash flow (approximation) | €184,149 | €131,137 | €215,164 | €278,272 | €217,775 | ▼ 21.7% |
| Investment in fixed assets (approximation) | - | -€144,441 | -€118,662 | -€331,642 | -€83,332 | ▲ 74.9% |
| Change in cash | - | -€60,670 | €112,807 | -€18,621 | -€12,933 | ▲ 30.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €175,062 ▲47.4%
Operating result €263,442, net result €175,062, both a record.
31-12
Financial
Equity above €500,000Eq €602,946 ▲35.2%
4 profitable years in a row build equity to €602,946.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Back to profitnet €112,199
Net result €112,199 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€8,868
Net result drops to -€8,868, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Charleroi · 1 establishment unit since 2007
Ground area
1,252 m²
Building footprint
279 m²
Volume, LiDAR
888 m³
Parcel 52028A0473/00X000, Wallonia · tallest building 4.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TRENTAQUATTRO
since 20072.166.634.857
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028A0473/00X000 | Wallonia | 1,252 m² | 1 · 279 m² | 4.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.166.634.857
Legal Entity Identifier
984500Q94F521A7DC472
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 5,290 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-11-2007
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893231428
Registered
05-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.