SIMA
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-09-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
24 d early
2023
29 d late
2022
31 d late
2021
17 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 11 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?F.M.K. · 10 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€4.1m▼ 77.1%
2024 · €18.0m
EBIT margin
0.2%▼ 1.2pp
2024 · 1.4%
Net result
€159,130▼ 45.8%
2024 · €293,566
Working capital
€2.3m▲ 9.5%
2024 · €2.1m
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
Turnover€12.4m▼ 29.6%€11.6m▼ 6.4%€18.1m▲ 56.1%€18.0m▼ 0.6%€4.1m▼ 77.1%
Operating result€182,147▼ 54.3%-€70,613€664,644€260,613▼ 60.8%€8,382▼ 96.8%
Net result€309,115▼ 94.8%€861,898▲ 179%€474,785▼ 44.9%€293,566▼ 38.2%€159,130▼ 45.8%
EBIT margin1.5%▼ 0.8pp-0.6%▼ 2.1pp3.7%▲ 4.3pp1.4%▼ 2.2pp0.2%▼ 1.2pp
Equity€10.0m▲ 0.6%€3.4m▼ 65.6%€2.8m▼ 18.3%€3.1m▲ 10.5%€3.3m▲ 5.1%
Total assets€14.3m▼ 12.9%€11.2m▼ 21.6%€7.9m▼ 29.5%€8.3m▲ 4.9%€7.8m▼ 5.2%
Debt€4.3m▼ 30.2%€7.7m▲ 81.0%€5.1m▼ 34.5%€5.2m▲ 2.5%€4.6m▼ 11.4%
Working capital€8.4m▼ 2.8%€2.5m▼ 70.5%€1.8m▼ 28.2%€2.1m▲ 18.9%€2.3m▲ 9.5%
Staff (FTE)8.5▼ 1.2%8▼ 5.9%7.6▼ 5.0%8▲ 5.3%8=
Why a figure moved sharply
- 2025 Turnover -77% on 2024. This fiscal year ran 3 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.8m
Fixed assets
€1.6m ▼ 3.0%
Current assets
€6.2m ▼ 5.8%
Equity and liabilities €7.8m
Equity
€3.3m ▲ 5.1%
Debt
€4.6m ▼ 11.4%
Debt's share of the balance-sheet total falls from 62.6% to 58.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,006▼
2024 · €462,589
Cash flow
€209,754▼
2024 · €495,542
Current ratio
1.60▲
2024 · 1.47
Debt to equity
1.41▼
2024 · 1.68
ROE
4.9%▼
2024 · 9.5%
ROA
2.0%▼
2024 · 3.5%
Interest coverage
20.54▼
2024 · 33.24
Debt ≤ 1 year
€3.9m▼
2024 · €4.5m
Debt > 1 year
€698,680=
2024 · €698,680
Income taxes
€3,000▼
2024 · €72,320
Staff costs
€178,379▼
2024 · €553,442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €12.6m | €11.7m | €18.3m | €18.2m | €4.2m | ▼ 77.1% |
| Turnover70 | €12.4m | €11.6m | €18.1m | €18.0m | €4.1m | ▼ 77.1% |
| Other operating income74 | €130,365 | €99,751 | €114,047 | €137,665 | €37,591 | ▼ 72.7% |
| Non-recurring operating income76A | €16,641 | €0 | €8,700 | €18,136 | €0 | ▼ 100% |
| Operating charges60/66A | €12.4m | €11.8m | €17.6m | €17.9m | €4.2m | ▼ 76.8% |
| Goods for resale, raw materials and consumables60 | €11.4m | €10.3m | €16.0m | €16.4m | €3.7m | ▼ 77.3% |
| Purchases600/8 | €11.4m | €10.3m | €16.0m | €16.4m | €3.7m | ▼ 77.3% |
| Change in stocks: decrease (increase)609 | €0 | €34,560 | €0 | - | - | - |
| Services and other goods61 | €602,124 | €765,616 | €823,040 | €835,851 | €203,958 | ▼ 75.6% |
| Remuneration, social security and pensions62 | €531,468 | €542,907 | €546,623 | €553,442 | €178,379 | ▼ 67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €136,753 | €155,862 | €190,941 | €201,976 | €50,624 | ▼ 74.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€18,059 | -€88 | €0 | -€72,000 | €291 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€325,000 | €0 | - | -€30,700 | €0 | ▲ 100% |
| Other operating charges640/8 | €29,748 | €5,305 | €17,706 | €10,188 | €8,357 | ▼ 18.0% |
| Non-recurring operating charges66A | €68,126 | €0 | - | €53,000 | €1,250 | ▼ 97.6% |
| Operating profit (loss)9901 | €182,147 | -€70,613 | €664,644 | €260,613 | €8,382 | ▼ 96.8% |
| Financial income75/76B | €241,542 | €974,615 | €19,998 | €142,291 | €161,633 | ▲ 13.6% |
| Recurring financial income75 | €241,542 | €499,615 | €19,998 | €142,291 | €161,633 | ▲ 13.6% |
| Income from financial fixed assets750 | €169,995 | €489,988 | €19,998 | €139,986 | €159,984 | ▲ 14.3% |
| Income from current assets751 | €70,315 | €6,963 | €0 | - | - | - |
| Other financial income752/9 | €1,232 | €2,664 | €0 | €2,305 | €1,649 | ▼ 28.5% |
| Non-recurring financial income76B | €0 | €475,000 | €0 | - | - | - |
| Financial charges65/66B | €50,343 | €44,721 | €44,857 | €37,018 | €7,885 | ▼ 78.7% |
| Recurring financial charges65 | €50,343 | €44,721 | €44,857 | €37,018 | €7,885 | ▼ 78.7% |
| Debt charges650 | €24,409 | €15,214 | €14,699 | €13,916 | €2,872 | ▼ 79.4% |
| Other financial charges652/9 | €25,935 | €29,506 | €30,158 | €23,102 | €5,013 | ▼ 78.3% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €373,346 | €859,282 | €639,785 | €365,886 | €162,130 | ▼ 55.7% |
| Income taxes67/77 | €64,231 | -€2,617 | €165,000 | €72,320 | €3,000 | ▼ 95.9% |
| Taxes670/3 | €64,231 | €1,376 | €165,000 | €75,000 | €3,000 | ▼ 96.0% |
| Tax adjustments and reversals of tax provisions77 | - | €3,992 | €0 | €2,680 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €309,115 | €861,898 | €474,785 | €293,566 | €159,130 | ▼ 45.8% |
| Profit (loss) for the period to be appropriated9905 | €309,115 | €861,898 | €474,785 | €293,566 | €159,130 | ▼ 45.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.3m | €11.2m | €7.9m | €8.3m | €7.8m | ▼ 5.2% |
| Fixed assets21/28 | €2.5m | €1.8m | €1.8m | €1.7m | €1.6m | ▼ 3.0% |
| Intangible fixed assets21 | €47,331 | €136,216 | €138,978 | €119,955 | €108,194 | ▼ 9.8% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.5m | €1.4m | €1.4m | ▼ 2.7% |
| Land and buildings22 | €1.4m | €1.3m | €1.4m | €1.3m | €1.3m | ▼ 1.4% |
| Plant, machinery and equipment23 | €15,884 | €12,908 | €9,931 | €6,954 | €6,210 | ▼ 10.7% |
| Furniture and vehicles24 | €198,655 | €146,818 | €95,323 | €44,514 | €33,946 | ▼ 23.7% |
| Leasing and similar rights25 | - | €71,285 | €48,955 | €86,025 | €77,202 | ▼ 10.3% |
| Other tangible fixed assets26 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Financial fixed assets28 | €852,275 | €127,275 | €127,275 | €127,275 | €127,275 | = |
| Affiliated companies280/1 | €852,275 | €127,275 | €127,275 | €127,275 | €127,275 | = |
| Participating interests280 | €852,275 | €127,275 | €127,275 | €127,275 | €127,275 | = |
| Other financial fixed assets284/8 | €0 | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €0 | - | - | - | - | - |
| Current assets29/58 | €11.7m | €9.4m | €6.1m | €6.6m | €6.2m | ▼ 5.8% |
| Stocks and contracts in progress3 | €34,560 | €0 | €0 | €0 | €0 | - |
| Stocks30/36 | €34,560 | €0 | - | - | - | - |
| Goods purchased for resale34 | €34,560 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €10.7m | €4.9m | €4.4m | €5.0m | €5.5m | ▲ 9.0% |
| Trade receivables40 | €3.1m | €4.5m | €4.0m | €3.9m | €5.2m | ▲ 31.2% |
| Other amounts receivable41 | €7.6m | €338,230 | €410,580 | €1.1m | €335,184 | ▼ 69.8% |
| Cash at bank and in hand54/58 | €911,377 | €4.5m | €1.7m | €1.5m | €704,414 | ▼ 54.4% |
| Deferred charges and accrued income490/1 | €91,200 | €4,361 | €4,361 | €4,361 | €10,453 | ▲ 140% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.3m | €11.2m | €7.9m | €8.3m | €7.8m | ▼ 5.2% |
| Equity10/15 | €10.0m | €3.4m | €2.8m | €3.1m | €3.3m | ▲ 5.1% |
| Contributions10/11 | €168,000 | €168,000 | €168,000 | €168,000 | €168,000 | = |
| Capital10 | €168,000 | €168,000 | €168,000 | €168,000 | €168,000 | = |
| Issued capital100 | €168,000 | €168,000 | €168,000 | €168,000 | €168,000 | = |
| Reserves13 | €16,807 | €16,807 | €2.6m | €2.9m | €3.1m | ▲ 5.4% |
| Non-distributable reserves130/1 | €16,807 | €16,807 | €16,807 | €16,807 | €16,807 | = |
| Legal reserve130 | €16,807 | €16,807 | €16,807 | €16,807 | €16,807 | = |
| Distributable reserves133 | - | - | €2.6m | €2.9m | €3.1m | ▲ 5.5% |
| Profit (loss) carried forward14 | €9.8m | €3.2m | €0 | - | - | - |
| Provisions and deferred taxes16 | €30,700 | €30,700 | €30,700 | €0 | - | - |
| Provisions for liabilities and charges160/5 | €30,700 | €30,700 | €30,700 | €0 | - | - |
| Other liabilities and charges164/5 | €30,700 | €30,700 | €30,700 | €0 | - | - |
| Amounts payable17/49 | €4.3m | €7.7m | €5.1m | €5.2m | €4.6m | ▼ 11.4% |
| Amounts payable after more than one year17 | €919,138 | €850,578 | €746,036 | €698,680 | €698,680 | = |
| Financial debts170/4 | €919,138 | €850,578 | €746,036 | €698,680 | €698,680 | = |
| Leasing and similar obligations172 | - | €51,446 | €29,171 | €53,792 | €53,792 | = |
| Credit institutions173 | €919,138 | €799,132 | €716,865 | €644,888 | €644,888 | = |
| Amounts payable within one year42/48 | €3.3m | €6.9m | €4.3m | €4.5m | €3.9m | ▼ 13.1% |
| Current portion of amounts payable after more than one year42 | €166,048 | €139,735 | €104,542 | €106,179 | €78,254 | ▼ 26.3% |
| Trade debts44 | €1.3m | €2.1m | €358,188 | €1.4m | €114,760 | ▼ 91.6% |
| Suppliers440/4 | €1.3m | €2.1m | €358,188 | €1.4m | €114,760 | ▼ 91.6% |
| Advances received on contracts in progress46 | €1.2m | €4.1m | €3.6m | €2.9m | €3.4m | ▲ 16.7% |
| Taxes, remuneration and social security45 | €106,029 | €116,462 | €255,776 | €118,983 | €327,844 | ▲ 176% |
| Taxes450/3 | €10,483 | €16,232 | €170,500 | €26,400 | €210,584 | ▲ 698% |
| Remuneration and social security454/9 | €95,546 | €100,230 | €85,276 | €92,583 | €117,260 | ▲ 26.7% |
| Other amounts payable47/48 | €497,874 | €407,874 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €421 | €10,000 | €1,148 | ▼ 88.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €309,115 | €861,898 | €474,785 | €293,566 | €159,130 | ▼ 45.8% |
| + Depreciation and write-downs630 | €136,753 | €155,862 | €190,941 | €201,976 | €50,624 | ▼ 74.9% |
| Operating cash flow (approximation) | €445,868 | €1.0m | €665,726 | €495,542 | €209,754 | ▼ 57.7% |
| Investment in fixed assets (approximation) | - | €532,032 | -€160,962 | -€91,327 | €0 | ▲ 100% |
| Change in cash | - | €3.6m | -€2.8m | -€140,562 | -€841,690 | ▼ 499% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €159,130 ▼45.8%
Net result drops to €159,130, the lowest in the series.
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €6.0m ▲971%
Net result €6.0m, the highest in the series.
31-12
Financial
Equity above €5mEq €9.9m ▲137%
3 profitable years in a row build equity to €9.9m.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 67 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Part of the group
F.M.K.
10 companies
Group, risk and exposure
Owners and holdings
2 owners · 2 holdings · 3 subsidiaries in the treeChain of control
Highest known parent: F.M.K.. The sources do not say who stands above it.
Owners 2
- SIMAparentSourceaccounts SIMA 31-03-2025100%
-
26%
Holdings 2
-
99.99%
- Atlantic Engineering & EquipmentUSsubsidiarySourceown accounts 31-03-202575%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
ALFA.DIS 99.99%1 subsidiary
- Clid Services BrasilBR 100%
- Atlantic Engineering & EquipmentUS 75%
According to the annual accounts to 31-03-2025 of SIMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.