SIMA-BUS
ActiveSIMA-BUS has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.05M and a net result of €581k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 1847 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
94
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency69▼-14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 2.01 in 2023), but 64.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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 2024Solvency, return and age of the figures
Solvency
35.6%
Return on assets
10.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
29 d late
2022
on the day
2021
31 d late
2020
18 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.05M▲ 39.7%
2023 · €1.46M
2018: €1.18M
2019: €1.22M
2020: €908k
2021: €703k
2022: €898k
2023: €1.46M
2018 → 2024
Total assets
€5.74M▲ 54.5%
2023 · €3.72M
2018: €2.85M
2019: €3.27M
2020: €2.75M
2021: €2.78M
2022: €3.45M
2023: €3.72M
2018 → 2024
Net result
€581k▲ 2.7%
2023 · €566k
2018: €374k
2019: €96k
2020: €-317k
2021: €-205k
2022: €195k
2023: €566k
2018 → 2024
Working capital
€821k▼ 11.8%
2023 · €931k
2018: €600k
2019: €611k
2020: €333k
2021: €203k
2022: €298k
2023: €931k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€908k-€703k▼ 22.5%€898k▲ 27.8%€1.46M▲ 63.0%€2.05M▲ 39.7%
Operating result€-276k-€-162k▲ 41.5%€237k€642k▲ 171%€700k▲ 8.9%
Net result€-317k-€-205k▲ 35.4%€195k€566k▲ 190%€581k▲ 2.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 9% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.74M
Fixed assets
€3.57M▲ 91.3%
Current assets
€2.17M▲ 17.4%
Equity and liabilities €5.74M
Equity
€2.05M▲ 39.7%
Debt
€3.70M▲ 64.1%
The debt ratio rises from 60.6% to 64.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.55M▲
2023 · €1.03M
Cash flow
€1.43M▲
2023 · €954k
Solvency
35.6%▼
2023 · 39.4%
Current ratio
1.61▼
2023 · 2.01
Quick ratio
1.61▼
2023 · 2.01
Debt / equity
1.81▲
2023 · 1.54
ROE
28.4%▼
2023 · 38.6%
ROA
10.1%▼
2023 · 15.2%
Interest coverage
11.70▼
2023 · 13.31
Debt
€3.70M▲
2023 · €2.25M
Debt ≤ 1 year
€1.35M▲
2023 · €919k
Debt > 1 year
€2.34M▲
2023 · €1.28M
Staff costs
€1.56M▲
2023 · €1.20M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.72M€5.74M▲
Fixed assets21/28€1.87M€3.57M▲
Intangible fixed assets21€3k€184k▲
Tangible fixed assets22/27€1.76M€3.29M▲
Land and buildings22-€600k
Plant, machinery and equipment23€43k€58k▲
Furniture and vehicles24€136k€212k▲
Leasing and similar rights25€986k€1.85M▲
Other tangible fixed assets26€597k€565k▼
Financial fixed assets28€101k€101k=
Current assets29/58€1.85M€2.17M▲
Amounts receivable within one year40/41€986k€1.45M▲
Trade receivables40€715k€872k▲
Other amounts receivable41€270k€575k▲
Cash at bank and in hand54/58€747k€676k▼
Deferred charges and accrued income490/1€117k€49k▼
Equity and liabilities
Total equity and liabilities10/49€3.72M€5.74M▲
Equity10/15€1.46M€2.05M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.40M€1.98M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€964k€1.12M▲
Distributable reserves133€432k€858k▲
Amounts payable17/49€2.25M€3.70M▲
Amounts payable after more than one year17€1.28M€2.34M▲
Financial debts170/4€1.28M€2.34M▲
Amounts payable within one year42/48€919k€1.35M▲
Current portion of amounts payable after more than one year42€409k€607k▲
Financial debts43€5k€7k▲
Credit institutions430/8€5k€7k▲
Trade debts44€310k€458k▲
Suppliers440/4€310k€458k▲
Advances received on contracts in progress46€42k€40k▼
Taxes, remuneration and social security45€153k€239k▲
Taxes450/3€19k-
Remuneration and social security454/9€135k€239k▲
Accrued charges and deferred income492/3€53k€8k▼
Income statement
Code20232024
Non-recurring operating income76A€97k€156k▲
Remuneration, social security and pensions62€1.20M€1.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€388k€850k▲
Other operating charges640/8€16k€17k▲
Gross operating margin9900€2.25M€3.13M▲
Operating profit (loss)9901€642k€700k▲
Financial income75/76B€1k€15k▲
Recurring financial income75€1k€15k▲
Financial charges65/66B€77k€133k▲
Recurring financial charges65€77k€132k▲
Non-recurring financial charges66B-€755
Profit (loss) for the period before taxes9903€566k€581k▲
Profit (loss) for the period9904€566k€581k▲
Transfer to tax-exempt reserves689€97k€156k▲
Profit (loss) for the period to be appropriated9905€469k€425k▼
Appropriation of the result
Profit (loss) to be appropriated9906€360k€425k▲
Profit (loss) brought forward from the previous period14P€-110k-
Transfer to equity691/2€360k€425k▲
To other reserves6921€360k€425k▲
Social balance
Average headcount (FTE)908725.032.7▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €581k ▲2.7%
Operating result €700k, net result €581k, both a record.
31-12
Financial
Equity above €2MEq €2.05M ▲39.7%
3 profitable years in a row build equity to €2.05M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Equity above €1MEq €1.46M ▲63%
2 profitable years in a row build equity to €1.46M.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €195k
Net result €195k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet €-317k ▼431%
Net result drops to €-317k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 114 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Lichtervelde · 1 establishment unit since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrielaan 88810 LichterveldeGround area
4,133 m²
Building footprint
775 m²
Parcel 36011E0641/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
SIMA-BUS
since 19842.025.855.985
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011E0641/00E000 | Flanders | 4,133 m² | 1 · 775 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 · 9 entries · 68,891 EUR awarded · 69,553 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 15,196 EUR | 15,577 EUR |
| 2024 | 2 | 8,488 EUR | 8,311 EUR |
| 2023 | 2 | 5,304 EUR | 5,762 EUR |
| 2022 | 3 | 39,903 EUR | 39,903 EUR |
Schemes
Globalisatiemechanisme (stopgezet)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,979 companies in sector 49320 we hold annual accounts for 2,683. 376 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-12-1984
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
60230
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.