SIMA RAIL & BUILD

Active

Private limited companyfounded 20205 yrs activeImperiastraat 8, 1930 Zaventem, BelgiumKBO/BCE: BE 0760.418.731

The computed 12-month bankruptcy probability of SIMA RAIL & BUILD is 1.9% (moderate). The 2024 annual accounts show equity of €429k and a net result of €60k. Equity is growing by ~51.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 1632 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability79▼-21

Solvency82▼-2

Growth78=

Track record94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 2.21 against 1.98 in 2023; short-term debt: 36.3% and cash: 0.7% of total assets), and 42.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

83 d late

2022

124 d early

2021

10 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€429k▲ 16.1%

2023 · €369k

2021: €22k 2022: €207k 2023: €369k

2021 → 2024

Total assets

€751k▲ 20.2%

2023 · €625k

2021: €107k 2022: €346k 2023: €625k

2021 → 2024

Net result

€60k▼ 63.3%

2023 · €162k

2021: €16k 2022: €184k 2023: €162k

2021 → 2024

Working capital

€331k▲ 32.6%

2023 · €250k

2021: €22k 2022: €127k 2023: €250k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€22k-€207k▲ 830%€369k▲ 78.5%€429k▲ 16.1%

Operating result€21k-€230k▲ 1,013%€230k▼ 0.1%€120k▼ 47.8%

Net result€16k-€184k▲ 1,030%€162k▼ 11.5%€60k▼ 63.3%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 48% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €751k

19.7%

80.3%

Fixed assets €148k▲ 23.7%

Current assets €603k▲ 19.4%

Equity and liabilities €751k

57.1%

42.9%

Equity €429k▲ 16.1%

Debt €323k▲ 26.1%

The debt ratio rises from 40.9% to 42.9%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€167k▼

2023 · €265k

Cash flow

€107k▼

2023 · €197k

Solvency

57.1%▼

2023 · 59.1%

Current ratio

2.21▲

2023 · 1.98

Quick ratio

2.21▲

2023 · 1.98

Debt / equity

0.75▲

2023 · 0.69

ROE

13.9%▼

2023 · 44.0%

ROA

7.9%▼

2023 · 26.0%

Interest coverage

9.50▼

2023 · 22.30

Debt

€323k▲

2023 · €256k

Debt ≤ 1 year

€273k▲

2023 · €256k

Debt > 1 year

€50k

Income taxes

€43k▼

2023 · €56k

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€625k€751k▲

Fixed assets21/28€120k€148k▲

Intangible fixed assets21-€10k

Tangible fixed assets22/27€114k€132k▲

Plant, machinery and equipment23€21k€8k▼

Furniture and vehicles24€93k€124k▲

Financial fixed assets28€6k€6k=

Current assets29/58€505k€603k▲

Amounts receivable within one year40/41€356k€591k▲

Trade receivables40€306k€418k▲

Other amounts receivable41€51k€173k▲

Cash at bank and in hand54/58€144k€5k▼

Deferred charges and accrued income490/1€5k€7k▲

Equity and liabilities

Total equity and liabilities10/49€625k€751k▲

Equity10/15€369k€429k▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€363k€423k▲

Amounts payable17/49€256k€323k▲

Amounts payable after more than one year17-€50k

Financial debts170/4-€50k

Amounts payable within one year42/48€256k€273k▲

Current portion of amounts payable after more than one year42-€50k

Trade debts44€69k€99k▲

Suppliers440/4€69k€99k▲

Taxes, remuneration and social security45€187k€64k▼

Taxes450/3€187k€64k▼

Remuneration and social security454/9€0-

Other amounts payable47/48-€60k

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€47k▲

Other operating charges640/8€11k€28k▲

Gross operating margin9900€276k€195k▼

Operating profit (loss)9901€230k€120k▼

Financial income75/76B€257€29▼

Recurring financial income75€257€29▼

Financial charges65/66B€12k€18k▲

Recurring financial charges65€12k€18k▲

Profit (loss) for the period before taxes9903€218k€102k▼

Income taxes67/77€56k€43k▼

Profit (loss) for the period9904€162k€60k▼

Profit (loss) for the period to be appropriated9905€162k€60k▼

Appropriation of the result

Profit (loss) to be appropriated9906€363k€423k▲

Profit (loss) brought forward from the previous period14P€201k€363k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

22-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 83 days late

2023

29-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €184k ▲1030%

Operating result €230k, net result €184k, both a record.

31-12

Financial Equity above €200kEq €207k ▲830%

2 profitable years in a row build equity to €207k.

21-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Zaventem · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Imperiastraat 81930 Zaventem

Ground area

7,975 m²

Building footprint

1,789 m²

Parcel 23094D0041/00F000, Flanders. Linked by address, not a title deed.

1 establishment unit

SIMA RAIL & BUILD

Imperiastraat 8, 1930 ZaventemManufacture of metal structures and parts of structures

since 20202.311.114.377

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23094D0041/00F000	Flanders	7,975 m²	1 · 1,789 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.

Recognitions · licences · registrations

Recognised contractor

9 categories

SIMA RAIL & BUILD BV46521

category C3, class 1 · category C6, class 1 · category D, class 1 · category D1, class 1 · category G1, class 1 · category G5, class 1 · category P1, class 1 · category P2, class 1 · category P3, class 1

decision 27-08-2026