SIMAA
ActiveThe computed 12-month bankruptcy probability of SIMAA is 1.7% (moderate). The 2025 annual accounts show equity of €79k and a net result of €-7k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 69% of 18024 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-86
Solvency98▲+2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.24 in 2024), and 42.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.3%
Return on assets
-4.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
15 d early
2022
3 d early
2021
13 d early
2020
22 d late
2019
21 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▼ 7.9%
2024 · €86k
2018: €39k
2019: €49k
2020: €61k
2021: €66k
2022: €71k
2023: €76k
2024: €86k
2018 → 2025
Total assets
€138k▼ 16.0%
2024 · €165k
2018: €43k
2019: €80k
2020: €89k
2021: €107k
2022: €102k
2023: €118k
2024: €165k
2018 → 2025
Net result
€-7k
2024 · €15k
2018: €5k
2019: €9k
2020: €13k
2021: €11k
2022: €7k
2023: €10k
2024: €15k
2018 → 2025
Working capital
€58k▼ 11.2%
2024 · €66k
2018: €35k
2019: €38k
2020: €48k
2021: €52k
2022: €53k
2023: €59k
2024: €66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€71k▲ 6.5%€76k▲ 7.5%€86k▲ 12.9%€79k▼ 7.9%
Operating result€16k-€13k▼ 18.5%€16k▲ 21.3%€21k▲ 30.8%€-3k
Net result€11k-€7k▼ 33.7%€10k▲ 41.2%€15k▲ 44.2%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €21k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138k
Fixed assets
€42k▼ 8.4%
Current assets
€96k▼ 18.9%
Equity and liabilities €138k
Equity
€79k▼ 7.9%
Debt
€59k▼ 24.8%
The debt ratio falls from 47.8% to 42.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€7k▼
2024 · €25k
Cash flow
€3k▼
2024 · €19k
Solvency
57.3%▲
2024 · 52.2%
Current ratio
2.53▲
2024 · 2.24
Quick ratio
0.16▼
2024 · 0.64
Debt / equity
0.75▼
2024 · 0.91
ROE
-8.6%▼
2024 · 17.3%
ROA
-4.9%▼
2024 · 9.0%
Interest coverage
2.01▼
2024 · 11.39
Debt
€59k▼
2024 · €79k
Debt ≤ 1 year
€38k▼
2024 · €53k
Debt > 1 year
€19k▼
2024 · €25k
Income taxes
€472▼
2024 · €4k
Staff costs
€16k▲
2024 · €15k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€165k€138k▼
Fixed assets21/28€46k€42k▼
Intangible fixed assets21€12k€9k▼
Tangible fixed assets22/27€31k€30k▼
Furniture and vehicles24€31k€25k▼
Other tangible fixed assets26-€5k
Financial fixed assets28€3k€3k=
Current assets29/58€119k€96k▼
Stocks and contracts in progress3€85k€90k▲
Stocks30/36€85k€90k▲
Amounts receivable within one year40/41€24k€3k▼
Trade receivables40€22k€291▼
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€9k€2k▼
Deferred charges and accrued income490/1€1k€579▼
Equity and liabilities
Total equity and liabilities10/49€165k€138k▼
Equity10/15€86k€79k▼
Contributions10/11€14k€14k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€70k€64k▼
Amounts payable17/49€79k€59k▼
Amounts payable after more than one year17€25k€19k▼
Financial debts170/4€25k€19k▼
Amounts payable within one year42/48€53k€38k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€27k€37▼
Suppliers440/4€27k€37▼
Taxes, remuneration and social security45€16k€5k▼
Taxes450/3€8k-
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€5k€27k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€15k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€10k▲
Other operating charges640/8€6k€932▼
Gross operating margin9900€46k€24k▼
Operating profit (loss)9901€21k€-3k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€19k€-6k▼
Income taxes67/77€4k€472▼
Profit (loss) for the period9904€15k€-7k▼
Profit (loss) for the period to be appropriated9905€15k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€64k▼
Profit (loss) brought forward from the previous period14P€60k€70k▲
Profit to be distributed694/7€5k-
Directors or managers695€5k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-7k ▼146%
Net result drops to €-7k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €15k ▲44.2%
Operating result €21k, net result €15k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 22 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Gillis (bij-Brussel) · 2 establishment units since 2006
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.
Théodore Verhaegenstraat 31060 Sint-Gillis (bij-Brussel)Ground area
151 m²
Building footprint
200 m²
Volume, LiDAR
2,336 m³
2 parcels, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
SIMAA
since 20062.156.255.263
SIMAA
since 20192.289.708.853
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0137/00G005 | Brussels | 88 m² | 1 · 83 m² | 16.2 m · 5 fl. |
| 21562A0171/00T010 | Brussels | 63 m² | 1 · 116 m² | 17.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesElsene2.289.708.853
Sint-Gillis2.156.255.263
Similar companies · same sector, comparable size
SIRVEX GROUP
BE 0897.467.853
Antwerpen · Eq €79k
TAIBA MARKET
BE 0763.594.490
Zaventem · Eq €79k
JAMBESDIS
BE 0805.994.576
Namur · Eq €79k
GRB & CO
BE 0650.996.791
Ukkel · Eq €79k
LVL Vosselaar
BE 0745.749.955
Turnhout · Eq €79k
Of 10,409 companies in sector 47110 we hold annual accounts for 5,787. 4,632 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2006
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47111Retail trade
47112Retail trade
52111
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.