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SIMA-BUS

Active
Public limited companyfounded 1984active for 41 yearsIndustrielaan 8, 8810 Lichtervelde, BelgiumKBO/BCE: BE 0426.558.389
Summary

SIMA-BUS has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €316,420, of which €298,071 non-recurring income. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 51% of 1,071 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
SIMA-BUSActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Non-scheduled passenger transport by road
NACE 49320
Largest company by total assets in Lichtervelde, Transport and storage sector1 site
Size
€5.7mtotal assets 2025
Staff
33.7 FTE
Equity
€2.4m
Profit
€316,420
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
SIMAHOLD · 99.87%
Holdings
1
  • SIMAHOLDDirector · permanent representative VANDEVELDE Lieven Odiel
2025 accounts filed 60 days late1 of 7 deeds summarised
Why 94raises riskSector: Land transport and transport via pipelines (NACE 49)Last filed accounts filed 60 days late; 1 of the last 3 latelowers riskFounded in 1984Size: 33.7 FTE, total assets €5.7mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 67% of its sector peers (NACE 49, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 67+6
equity 41.5% of total assets
Liquidity 61+5
short-term debt 20.9% · cash 14.5%
Profitability 76-5
return on assets 5.6%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,181 companies, NACE 49, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.3%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%▼ -0.2 percentage points vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.1%▼ -0.3 percentage points vs 09-2026
Credit of up to €220,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.81, compared with 1.61 in 2024, above the usual 1.5; short-term debt: 20.9% and cash: 14.5% of total assets), but 58.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 49, small): better than 55% on solvency, 77% on liquidity, 63% on profitability and 71% on growth.

The bankruptcy probability was computed on 26-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1984
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Size: 33.7 FTE, total assets €5.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Last filed accounts filed 60 days late; 1 of the last 3 late
NBB · filings
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
60 days late
2024
25 days late
2023
29 days late
2022
on the day
2021
31 days late
2020
18 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 36 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Highest result from 2018 to 2025net €581,111 ▲2.7%

Key points

  • Positive: Largest company by total assets in Lichtervelde, Transport and storage sectorin the Checked rankings No. 1 View
  • Caution: Result fell in 2025from €581,111 to €316,420 ▼ 45.5% View
  • Controlled by SIMAHOLDthe company in turn controls 1 companies 99.87% View
  • Flemish supportawarded from 2022 to 2025 €68,891 View

By topic

Financials

Financial year
2025
Total assets
€5.7m
Profit
€316,420
Solvency
41.5%
Total assets▼ 1.0%
Net result
20182025
Go to Financials

Timeline

Events
47
Since
1986
Next accounts
by 31-07-2027
  1. 31-12-2024Equity above €2m
  2. 29-08-2024Annual accounts filed
  3. 27-03-2024Resignations: SIMAHOLD (director) and SIMA TOURS (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Non-scheduled passenger transport by roadNACE 49320
Founded
05-12-1984
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
19
Who signs
The sole manager
Annual meeting
Last Tuesday of May at 11:00
Purpose
“Nationale en internationale autocarreizen en alle personenvervoer te doen en/of uit te…” (deed in Dutch)
Go to Articles of association

Key facts about SIMA-BUS

What is the company number of SIMA-BUS?
0426.558.389. In Belgium the VAT number is the company number with BE in front: BE 0426.558.389.
Where is SIMA-BUS based?
The registered office is at Industrielaan 8, 8810 Lichtervelde.Company details
What does SIMA-BUS do?
According to the KBO register, the main activity is non-scheduled passenger transport by road (NACE 49320).
What is the legal form of SIMA-BUS?
Public limited company (NV).
When was SIMA-BUS founded?
On 05-12-1984.
Is SIMA-BUS still active?
Yes, SIMA-BUS is an active enterprise in the KBO register.
How many employees does SIMA-BUS have?
On average 33.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SIMA-BUS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SIMA-BUS profitable?
In financial year 2025, SIMA-BUS made a profit of €316,420.
Where can I find the annual accounts of SIMA-BUS?
SIMA-BUS filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SIMA-BUS due?
By 31-07-2027, for financial year 2026.Timeline

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