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
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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
Sector 82
lower
← 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
2020: €464k
2021: €728k
2022: €742k
2023: €753k
2024: €790k
2018 → 2025
Total assets
€2.90M▼ 4.3%
2024 · €3.04M
2018: €1.51M
2019: €2.21M
2020: €2.21M
2021: €3.00M
2022: €2.62M
2023: €2.80M
2024: €3.04M
2018 → 2025
Net result
€405k▲ 995%
2024 · €37k
2018: €49k
2019: €-16k
2020: €248k
2021: €38k
2022: €14k
2023: €11k
2024: €37k
2018 → 2025
Working capital
€817k▲ 178%
2024 · €294k
2018: €73k
2019: €15k
2020: €199k
2021: €396k
2022: €240k
2023: €268k
2024: €294k
2018 → 2025
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%
Operating result€46k-€40k▼ 13.2%€34k▼ 14.5%€68k▲ 99.7%€561k▲ 730%
Net result€38k-€14k▼ 63.0%€11k▼ 23.5%€37k▲ 242%€405k▲ 995%
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.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Methodology
via registered seat: 1 · via establishment units: 1
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
Similar companies · same sector, comparable size
Ergasia
BE 0463.149.858
Stekene · Eq €1,081,245
LC PACKAGING AFRICA
BE 0822.721.633
Sint-Katelijne-Waver · Eq €1,091,560
ERVA COMPANY
BE 0548.921.020
Gent · Eq €992,320
THE NUTS & DRIED FRUITS COMPANY
BE 0879.293.716
Sint-Katelijne-Waver · Eq €991,582
FAPIM BENELUX
BE 0457.496.045
Mouscron · Eq €966,316
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
Company data · Crossroads Bank
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
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.