Equity
€1.0m ▲ 32.2%
SIM-SAGA paid out €60,000 in dividends. That is 15% of the 2025 profit.
SIM-SAGA
Lifetime
19 annual accounts with figures on one time axis, 26 filings since 2000peak €1.0m (2025)
€1.0m▲ 75.1%
lowest -€15,617 (2019)
€404,712▲ 995%
peak €1.0m (2025)
€1.0m▲ 32.2%
€1.9m▼ 17.2%
peak 6.3 FTE (2025)
6.3 FTE▲ 16.7%
Board3 names since 2011
2 directorsFRUITCAKE and 1 other
Owners3 names in the annual accounts
24.5%Femantra and 1 other
Documentsfilings and deeds
08-04-202622 days before the deadline
2025abbreviated format
Gross margin from €578,254 to €1.0mResult from €36,964 to €404,712Staff from 5.4 FTE to 6.3 FTEDividend €60,000Equity from €789,810 to €1.0mDebts from €2.2m to €1.9m
Key points
from the 2025 annual accountsResult
€404,712 ▲ 995%
The result rose in 2025: mostly from a one-off income of €287,469.
Securities
€968,000
Mandates to pledge the business, new in 2025. 92.7% of equity · not in the 2024 accounts.
Staff
5 employees on 30-09-2025
In 2025, 10 people joined and 10 left.
Filings
26 annual accounts since 2000
Two of the last ten came late. The 2023 accounts came latest: 143 days after the end of the period.
Position in the sector
€404,712
Higher net result than 91% of companies in office administrative support. Sector median €20,941 · 2,831 companies.
Checked score
86
Excellent
Financially stronger than 49% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.9%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.2 percentage points vs 03-2025highest value
05-2025: 0.3%▼ -0.8 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.4%▲ +0.1 percentage points vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.5%▲ +0.1 percentage points vs 02-2026
04-2026: 0.7%▲ +0.2 percentage points vs 03-2026
05-2026: 0.3%▼ -0.4 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
lowers risk
Profit of €404,712 (financial year 2025)
Figures for financial year 2025 (filed on 09-04-2026)
Founded in 2000
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 40% of them on solvency, 21% on liquidity, 60% on profitability and 73% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as SIM-SAGA has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIM-SAGA itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for SIM-SAGA. 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.
Credit verdict
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.52 (1.14 in 2024), above the usual 1.5. Short-term debt is 54.2% and cash 11.1% of total assets. However, 64% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
on the day
2023
143 days late
2022
6 days early
2021
2 days late
2020
36 days early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
- ABSOLEM CONSULTING 51%score 63equity €993,730 (2025) · 2025 annual accounts of ABSOLEM CONSULTING
- Femantra 24.5%score 96equity €944,065 (2025) · 2025 annual accounts of Femantra
- FRUITCAKE 24.5%score 96equity €2.0m (2025) · 30-06-2025 annual accounts of FRUITCAKE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0471122268
Appointment: FEMANTRA BV (director)
Permanent representative: Kwanten Nick · General meeting of 02-04-2022 · Gazette deed
Registered office moved to Borgloon
Capital increase of €225,700 · New registered office: Industrieweg 11, 3840 Borgloon · Change of role: Fruitcake BV, from manager to director · General meeting of 01-04-2021 · Gazette deed
New establishment in Tongeren-Borgloon
Impacked, Industrieweg 13
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIM-SAGA Tongeren-Borgloon | €2.9m | €1.0m | 36.0% | 6.3 |
| UNITED INNOVATORS Tessenderlo-Ham | €4.5m | €1.3m | 64.6% | 13.7 |
| PHARMA MANUFACTURING Gembloux | €3.0m | €0.8m | 93.1% | 11.3 |
| ALL INPACK SERVICE La Louvière | €1.2m | €0.7m | 59.5% | 5.5 |
| GHIANT AEROSOLS Beerse | €6.5m | €1.5m | 77.4% | 7.8 |
| FAPIM BENELUX Mouscron | €2.0m | €0.4m | 48.4% | 5.1 |
| ROYALEMBAL Aubange | €2.3m | €1.4m | 60.8% | 14.6 |
These companies have the same main activity as SIM-SAGA: office administrative, office support and other business support activities (NACE 82920). They are comparable in size and age: total assets between €1.2m and €6.5m, founded between 1992 and 2004.
Official details
Source: KBO- Status
- Active since 23-02-2000Normal situation
- Activity
- Office administrative, office support and other business support activitiesNACE 82920and 2 others
- Joint committee
- 226White-collar workers in international trade, transport and logistics · annual accounts 30-09-2025
- Establishment units
- 2.097.254.2223840 Tongeren-Borgloon, since 10-04-2000
- 2.314.436.3313840 Tongeren-Borgloon, since 01-03-2021
- Financial year end
- 30 September
- Peppol
- Reachable since 28-01-2026
Annual accounts to 30-09-2025
- ≈ €1.6mestimated
- €2.9m▼ 4.3%
- Employeeson 30-09-2025
- 5=
- Filing
- Filed on 08-04-2026, 22 days before the end of the filing period
Companies linked to SIM-SAGA
Parent and group
Insights on SIM-SAGA
SIM-SAGA files the abbreviated format. That format states no turnover. The gross margin rose from -€1,613 in 2007 to €1.0m in 2025.
ABSOLEM CONSULTING holds 51% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIM-SAGA
- What is the company number of SIM-SAGA?
- The company number of SIM-SAGA is 0471.122.268. The VAT number is the same number with BE in front: BE 0471.122.268.
- Where is SIM-SAGA based?
- The registered office is at Industrieweg 11, 3840 Tongeren-Borgloon.Company details
- What does SIM-SAGA do?
- According to the KBO register, the main activity is office administrative, office support and other business support activities (NACE 82920).
- What is the legal form of SIM-SAGA?
- SIM-SAGA is a private limited company (BV).
- When was SIM-SAGA founded?
- SIM-SAGA was founded on 23-02-2000.
- Is SIM-SAGA still active?
- Yes, SIM-SAGA is an active enterprise in the KBO register.
- How many employees does SIM-SAGA have?
- SIM-SAGA had an average of 6.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SIM-SAGA fall under?
- In its 30-09-2025 annual accounts, SIM-SAGA states joint committee 226 (White-collar workers in international trade, transport and logistics).
- What is the turnover of SIM-SAGA?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €1.0m and 40 comparable companies (NACE 82). It probably lies between €1.2m and €2.3m.
- Is SIM-SAGA profitable?
- In financial year 2025, SIM-SAGA made a profit of €404,712.
- Where can I find the annual accounts of SIM-SAGA?
- SIM-SAGA filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIM-SAGA due?
- SIM-SAGA must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies See the other companies in the same group.VIDO PROJECTS · 17 companies
See how customers, suppliers and banks see your own company and what to improve first.