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).
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Financials · fiscal year 2025, abbreviated schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| 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
Show earlier events
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.
Directors · office · real estate
2 establishment units
2 parcels
| 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
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 |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesSimilar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.