SIM-SAGA
ActiveSummary
SIM-SAGA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €405k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+16
Solvency61▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.14 in 2024; short-term debt: 54.2% and cash: 11.1% of total assets), but 64% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
36%
Return on assets
13.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
on the day
2023
143 d late
2022
6 d early
2021
2 d late
2020
36 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.04M▲ 32.2%
2024 · €790k
2018: €317k
2019: €301k▼ -4.9% vs 2018lowest in 8 years
2020: €464k▲ +54.1% vs 2019
2021: €728k▲ +56.9% vs 2020
2022: €742k▲ +1.9% vs 2021
2023: €753k▲ +1.5% vs 2022
2024: €790k▲ +4.9% vs 2023
2025: €1.04M▲ +32.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.90M▼ 4.3%
2024 · €3.04M
2018: €1.51Mlowest in 8 years
2019: €2.21M▲ +46.9% vs 2018
2020: €2.21M● +0.0% vs 2019
2021: €3.00M▲ +35.5% vs 2020
2022: €2.62M▼ -12.7% vs 2021
2023: €2.80M▲ +7.2% vs 2022
2024: €3.04M▲ +8.2% vs 2023highest in 8 years
2025: €2.90M▼ -4.3% vs 2024
2018 → 2025
Net result
€405k▲ 995%
2024 · €37k
2018: €49k
2019: €-16k▼ -132% vs 2018lowest in 8 years
2020: €248k▲ +1687% vs 2019
2021: €38k▼ -84.6% vs 2020
2022: €14k▼ -63.0% vs 2021
2023: €11k▼ -23.5% vs 2022
2024: €37k▲ +242% vs 2023
2025: €405k▲ +995% vs 2024highest in 8 years
2018 → 2025
Working capital
€817k▲ 178%
2024 · €294k
2018: €73k
2019: €15k▼ -79.0% vs 2018lowest in 8 years
2020: €199k▲ +1191% vs 2019
2021: €396k▲ +98.7% vs 2020
2022: €240k▼ -39.3% vs 2021
2023: €268k▲ +11.8% vs 2022
2024: €294k▲ +9.7% vs 2023
2025: €817k▲ +178% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€728k-€742k▲ 1.9%€753k▲ 1.5%€790k▲ 4.9%€1.04M▲ 32.2%
2021: €728klowest in 5 years
2022: €742k▲ +1.9% vs 2021
2023: €753k▲ +1.5% vs 2022
2024: €790k▲ +4.9% vs 2023
2025: €1.04M▲ +32.2% vs 2024highest in 5 years
Operating result€46k-€40k▼ 13.2%€34k▼ 14.5%€68k▲ 99.7%€561k▲ 730%
2021: €46k
2022: €40k▼ -13.2% vs 2021
2023: €34k▼ -14.5% vs 2022lowest in 5 years
2024: €68k▲ +99.7% vs 2023
2025: €561k▲ +730% vs 2024highest in 5 years
Net result€38k-€14k▼ 63.0%€11k▼ 23.5%€37k▲ 242%€405k▲ 995%
2021: €38k
2022: €14k▼ -63.0% vs 2021
2023: €11k▼ -23.5% vs 2022lowest in 5 years
2024: €37k▲ +242% vs 2023
2025: €405k▲ +995% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 730% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.90M
Fixed assets
€513k ▼ 23.2%
Current assets
€2.39M ▲ 1.0%
Equity and liabilities €2.90M
Equity
€1.04M ▲ 32.2%
Debt
€1.86M ▼ 17.2%
Debt's share of the balance-sheet total falls from 74.0% to 64.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€696k▲
2024 · €287k
Cash flow
€540k▲
2024 · €256k
Current ratio
1.52▲
2024 · 1.14
Quick ratio
1.21▲
2024 · 0.88
Debt to equity
1.78▼
2024 · 2.84
ROE
38.7%▲
2024 · 4.7%
ROA
13.9%▲
2024 · 1.2%
Interest coverage
76.54▲
2024 · 20.89
Debt ≤ 1 year
€1.57M▼
2024 · €2.07M
Debt > 1 year
€226k▲
2024 · €149k
Income taxes
€111k▲
2024 · €17k
Staff costs
€266k▲
2024 · €264k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.04M€2.90M▼
Fixed assets21/28€668k€513k▼
Tangible fixed assets22/27€667k€512k▼
Plant, machinery and equipment23€482k€323k▼
Furniture and vehicles24€11k€25k▲
Leasing and similar rights25€20k€15k▼
Other tangible fixed assets26€154k€151k▼
Financial fixed assets28€250€250=
Current assets29/58€2.37M€2.39M▲
Stocks and contracts in progress3€535k€488k▼
Stocks30/36€535k€488k▼
Amounts receivable within one year40/41€1.57M€1.56M▼
Trade receivables40€1.27M€1.33M▲
Other amounts receivable41€301k€226k▼
Cash at bank and in hand54/58€241k€322k▲
Deferred charges and accrued income490/1€18k€24k▲
Equity and liabilities
Total equity and liabilities10/49€3.04M€2.90M▼
Equity10/15€790k€1.04M▲
Contributions10/11€250k€250k=
Reserves13€539k€794k▲
Distributable reserves133€539k€794k▲
Amounts payable17/49€2.25M€1.86M▼
Amounts payable after more than one year17€149k€226k▲
Financial debts170/4€149k€226k▲
Amounts payable within one year42/48€2.07M€1.57M▼
Current portion of amounts payable after more than one year42€94k€73k▼
Financial debts43€85k€187k▲
Credit institutions430/8€85k€187k▲
Trade debts44€1.16M€959k▼
Suppliers440/4€1.16M€959k▼
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€72k€37k▼
Taxes450/3€44k€4k▼
Remuneration and social security454/9€28k€33k▲
Other amounts payable47/48€661k€315k▼
Accrued charges and deferred income492/3€23k€60k▲
Income statement
Code20242025
Non-recurring operating income76A€9€287k▲
Remuneration, social security and pensions62€264k€266k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€219k€135k▼
Other operating charges640/8€26k€28k▲
Non-recurring operating charges66A€1k€22k▲
Gross operating margin9900€578k€1.01M▲
Operating profit (loss)9901€68k€561k▲
Financial income75/76B€284€552▲
Recurring financial income75€284€552▲
Financial charges65/66B€14k€46k▲
Recurring financial charges65€14k€9k▼
Non-recurring financial charges66B-€37k
Profit (loss) for the period before taxes9903€54k€516k▲
Income taxes67/77€17k€111k▲
Profit (loss) for the period9904€37k€405k▲
Profit (loss) for the period to be appropriated9905€37k€405k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€405k▲
Transfer to equity691/2€37k€255k▲
To other reserves6921€37k€255k▲
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€60k
Directors or managers695-€90k
Social balance
Average headcount (FTE)90875.46.3▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9 | €287k | ▲ 3,300,345% |
| Remuneration, social security and pensions62 | €138k | €261k | €279k | €264k | €266k | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €168k | €232k | €252k | €219k | €135k | ▼ 38.4% |
| Other operating charges640/8 | €6k | €23k | €24k | €26k | €28k | ▲ 6.5% |
| Non-recurring operating charges66A | - | - | €8k | €1k | €22k | ▲ 1,391% |
| Gross operating margin9900 | €358k | €556k | €598k | €578k | €1.01M | ▲ 75.1% |
| Operating profit (loss)9901 | €46k | €40k | €34k | €68k | €561k | ▲ 730% |
| Financial income75/76B | €2k | €381 | €60 | €284 | €552 | ▲ 94.8% |
| Recurring financial income75 | €2k | €381 | €60 | €284 | €552 | ▲ 94.8% |
| Financial charges65/66B | €9k | €13k | €16k | €14k | €46k | ▲ 235% |
| Recurring financial charges65 | €9k | €13k | €16k | €14k | €9k | ▼ 33.7% |
| Non-recurring financial charges66B | - | - | - | - | €37k | - |
| Profit (loss) for the period before taxes9903 | €39k | €27k | €18k | €54k | €516k | ▲ 853% |
| Income taxes67/77 | €470 | €13k | €7k | €17k | €111k | ▲ 546% |
| Profit (loss) for the period9904 | €38k | €14k | €11k | €37k | €405k | ▲ 995% |
| Profit (loss) for the period to be appropriated9905 | €38k | €14k | €11k | €37k | €405k | ▲ 995% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.00M | €2.62M | €2.80M | €3.04M | €2.90M | ▼ 4.3% |
| Fixed assets21/28 | €923k | €834k | €763k | €668k | €513k | ▼ 23.2% |
| Tangible fixed assets22/27 | €920k | €831k | €762k | €667k | €512k | ▼ 23.2% |
| Plant, machinery and equipment23 | €633k | €589k | €540k | €482k | €323k | ▼ 33.0% |
| Furniture and vehicles24 | €18k | €13k | €12k | €11k | €25k | ▲ 115% |
| Leasing and similar rights25 | - | - | €25k | €20k | €15k | ▼ 26.7% |
| Other tangible fixed assets26 | €268k | €228k | €185k | €154k | €151k | ▼ 2.4% |
| Financial fixed assets28 | €3k | €3k | €750 | €250 | €250 | = |
| Current assets29/58 | €2.07M | €1.78M | €2.04M | €2.37M | €2.39M | ▲ 1.0% |
| Stocks and contracts in progress3 | €228k | €367k | €411k | €535k | €488k | ▼ 8.8% |
| Stocks30/36 | €228k | €367k | €411k | €535k | €488k | ▼ 8.8% |
| Amounts receivable within one year40/41 | €1.35M | €1.19M | €1.38M | €1.57M | €1.56M | ▼ 1.0% |
| Trade receivables40 | €1.22M | €983k | €1.05M | €1.27M | €1.33M | ▲ 4.6% |
| Other amounts receivable41 | €120k | €211k | €327k | €301k | €226k | ▼ 24.7% |
| Cash at bank and in hand54/58 | €497k | €214k | €229k | €241k | €322k | ▲ 33.6% |
| Deferred charges and accrued income490/1 | €4k | €8k | €21k | €18k | €24k | ▲ 32.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.00M | €2.62M | €2.80M | €3.04M | €2.90M | ▼ 4.3% |
| Equity10/15 | €728k | €742k | €753k | €790k | €1.04M | ▲ 32.2% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Reserves13 | €477k | €492k | €502k | €539k | €794k | ▲ 47.2% |
| Distributable reserves133 | €477k | €492k | €502k | €539k | €794k | ▲ 47.2% |
| Amounts payable17/49 | €2.27M | €1.88M | €2.05M | €2.25M | €1.86M | ▼ 17.2% |
| Amounts payable after more than one year17 | €502k | €322k | €235k | €149k | €226k | ▲ 51.6% |
| Financial debts170/4 | €502k | €322k | €235k | €149k | €226k | ▲ 51.6% |
| Amounts payable within one year42/48 | €1.68M | €1.54M | €1.77M | €2.07M | €1.57M | ▼ 24.1% |
| Current portion of amounts payable after more than one year42 | €180k | €180k | €114k | €94k | €73k | ▼ 22.8% |
| Financial debts43 | €125k | €125k | €125k | €85k | €187k | ▲ 120% |
| Credit institutions430/8 | €125k | €125k | €125k | €85k | €187k | ▲ 120% |
| Trade debts44 | €1.35M | €606k | €771k | €1.16M | €959k | ▼ 17.4% |
| Suppliers440/4 | €1.35M | €606k | €771k | €1.16M | €959k | ▼ 17.4% |
| Advances received on contracts in progress46 | - | - | - | - | €4k | - |
| Taxes, remuneration and social security45 | €21k | €47k | €38k | €72k | €37k | ▼ 49.1% |
| Taxes450/3 | €2k | €20k | €14k | €44k | €4k | ▼ 91.5% |
| Remuneration and social security454/9 | €18k | €27k | €24k | €28k | €33k | ▲ 18.7% |
| Other amounts payable47/48 | €2k | €586k | €725k | €661k | €315k | ▼ 52.3% |
| Accrued charges and deferred income492/3 | €88k | €10k | €44k | €23k | €60k | ▲ 157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €14k | €11k | €37k | €405k | ▲ 995% |
| + Depreciation and write-downs630 | €168k | €232k | €252k | €219k | €135k | ▼ 38.4% |
| Operating cash flow (approximation) | €206k | €247k | €263k | €256k | €540k | ▲ 111% |
| Investment in fixed assets (approximation) | - | €-143k | €-182k | €-124k | €20k | ▲ 116% |
| Change in cash | - | €-283k | €15k | €12k | €81k | ▲ 565% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €405k ▲995%
Operating result €561k, net result €405k, both a record.
30-09
Financial
Equity above €1MEq €1.04M ▲32.2%
6 profitable years in a row build equity to €1.04M.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 143 days late
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
30-09
Financial
Equity above €500kEq €728k ▲56.9%
2 profitable years in a row build equity to €728k.
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €248k
Net result €248k after one loss-making year.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
Show earlier events
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tongeren-Borgloon · 2 establishment units since 2000
Ground area
1.2 ha
Building footprint
6,034 m²
Volume, LiDAR
46,666 m³
2 parcels, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Impacked International
since 20002.097.254.222
Impacked
since 20212.314.436.331
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73009B0029/00V000 | Flanders | 7,347 m² | 1 · 4,820 m² | 10.2 m · 3 fl. |
| 73009B0031/00S000 | Flanders | 4,495 m² | 1 · 1,214 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 18,909 EUR awarded · 11,409 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,749 EUR | 249 EUR |
| 2024 | 1 | 6,712 EUR | 6,712 EUR |
| 2023 | 2 | 4,400 EUR | 4,400 EUR |
| 2022 | 1 | 48 EUR | 48 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesTongeren-Borgloon2.097.254.222
Tongeren-Borgloon2.314.436.331
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Of 304 companies in sector 82920 we hold annual accounts for 198. 119 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
Founded23-02-2000
Fiscal year end30-09
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
82920Office administrative, office support and other business support activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.