SIMAA
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
SIMAA has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,138 and a net result of -€6,785. Equity has been growing by about 9.6% per year since 2018. Its solvency ranks better than 71% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
KBO- Status
- Active since 07-06-2006 Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110
- Establishment units
- 2.156.255.263 1060 Sint-Gillis (bij-Brussel), since 22-09-2006
- 2.289.708.853 1050 Elsene, since 01-05-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €23,633
- ▼ 48.9%
- Turnover
- ≈ €700,000
- estimated
- Loss
- €6,785
- Equity
- €79,138
- ▼ 7.9%
- Total assets
- €138,217
- ▼ 16.0%
- Staff
- 1 FTE
- =
Score breakdownraises riskLoss of €6,785 (financial year 2025)Sector: Retail trade (NACE 47)Liquidity: current ratio 2.53, cash €2,237, halvedlowers riskFounded in 2006Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 70% of them on solvency, 39% on liquidity, 25% on profitability and 28% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489212.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 20 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €3,010, after a profit of €20,910 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as SIMAA: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €119,000 and €156,000, founded between 2005 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| SIMAA Sint-Gillis (bij-Brussel) | 2006 | €138,217 | €79,138 | €23,633 | - | -€6,785 | 2025 |
| WINE IN THE CITY Jette | 2006 | €132,404 | -€42,159 | €20,214 | - | -€83,597 | 2025 |
| S.M. ALAN Brussel | 2005 | €118,598 | €38,993 | €26,342 | €187,922 | €10,671 | 2025 |
| MESOPOTAMIE 2005 Liège | 2005 | €154,314 | €82,747 | €25,471 | €280,570 | €851 | 2025 |
| Z2A Antwerpen | 2007 | €125,869 | -€26,983 | €24,148 | €254,071 | €14,991 | 2025 |
| S&S FOOD Halen | 2006 | €156,469 | €154,513 | €27,021 | - | €2,649 | 2025 |
| ADEL BROTHERS Sint-Niklaas | 2006 | €124,404 | €82,885 | €28,162 | - | €5,648 | 2025 |
They were chosen from the 5,985 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 12,322 companies had the same profile as SIMAA has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIMAA itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for SIMAA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €13,399 | €13,860 | €14,973 | €15,263 | €16,068 | ▲ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €662 | €3,387 | €3,387 | €3,387 | €3,342 | €3,342 | €3,693 | €9,643 | ▲ 161% |
| Other operating charges640/8 | - | - | - | €1,250 | €3,215 | €1,709 | €6,411 | €932 | ▼ 85.5% |
| Gross operating margin9900 | €8,469 | €23,498 | €33,892 | €34,195 | €33,590 | €36,006 | €46,278 | €23,633 | ▼ 48.9% |
| Operating profit (loss)9901 | €7,295 | €13,396 | €18,710 | €16,159 | €13,174 | €15,982 | €20,910 | -€3,010 | - |
| Financial income75/76B | - | - | - | - | €11 | - | - | €0 | - |
| Recurring financial income75 | - | €3 | - | - | €11 | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €1,202 | €1,285 | €948 | €2,160 | €3,303 | ▲ 52.9% |
| Recurring financial charges65 | €160 | €1,213 | €968 | €1,202 | €1,285 | €948 | €2,160 | €3,303 | ▲ 52.9% |
| Profit (loss) for the period before taxes9903 | €7,134 | €12,186 | €17,742 | €14,958 | €11,899 | €15,034 | €18,750 | -€6,312 | - |
| Income taxes67/77 | €1,710 | €2,946 | €4,985 | €3,962 | €4,605 | €4,737 | €3,900 | €472 | ▼ 87.9% |
| Profit (loss) for the period9904 | €5,425 | €9,240 | €12,757 | €10,995 | €7,294 | €10,297 | €14,850 | -€6,785 | - |
| Profit (loss) for the period to be appropriated9905 | €5,425 | €9,240 | €12,757 | €10,995 | €7,294 | €10,297 | €14,850 | -€6,785 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €43,377 | €79,609 | €89,045 | €106,931 | €101,780 | €117,868 | €164,517 | €138,217 | ▼ 16.0% |
| Fixed assets21/28 | €4,764 | €31,467 | €28,080 | €24,693 | €21,352 | €18,010 | €45,609 | €41,758 | ▼ 8.4% |
| Intangible fixed assets21 | - | €27,000 | €24,000 | €21,000 | €18,000 | €15,000 | €12,000 | €9,000 | ▼ 25.0% |
| Tangible fixed assets22/27 | €2,185 | €1,798 | €1,411 | €1,025 | €683 | €342 | €30,940 | €30,089 | ▼ 2.8% |
| Furniture and vehicles24 | - | - | - | - | - | - | €30,940 | €24,682 | ▼ 20.2% |
| Other tangible fixed assets26 | - | - | - | €1,025 | €683 | €342 | - | €5,407 | - |
| Financial fixed assets28 | €2,579 | €2,669 | €2,669 | €2,669 | €2,669 | €2,669 | €2,669 | €2,669 | = |
| Current assets29/58 | €38,613 | €48,141 | €60,965 | €82,238 | €80,428 | €99,857 | €118,908 | €96,459 | ▼ 18.9% |
| Stocks and contracts in progress3 | €25,262 | €28,384 | €37,518 | €50,839 | €58,762 | €79,939 | €84,757 | €90,274 | ▲ 6.5% |
| Stocks30/36 | - | - | - | €50,839 | €58,762 | €79,939 | €84,757 | €90,274 | ▲ 6.5% |
| Amounts receivable within one year40/41 | €10,395 | €16,182 | €20,233 | €29,770 | €17,534 | €15,330 | €23,696 | €3,370 | ▼ 85.8% |
| Trade receivables40 | - | - | - | €14,198 | €1,000 | €10,864 | €21,578 | €291 | ▼ 98.7% |
| Other amounts receivable41 | - | - | - | €15,572 | €16,534 | €4,466 | €2,118 | €3,079 | ▲ 45.3% |
| Cash at bank and in hand54/58 | €2,955 | €3,575 | €2,601 | €962 | €3,252 | €3,144 | €9,238 | €2,237 | ▼ 75.8% |
| Deferred charges and accrued income490/1 | - | - | - | €667 | €881 | €1,444 | €1,217 | €579 | ▼ 52.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €43,377 | €79,609 | €89,045 | €106,931 | €101,780 | €117,868 | €164,517 | €138,217 | ▼ 16.0% |
| Equity10/15 | €39,490 | €48,730 | €61,486 | €66,482 | €70,775 | €76,072 | €85,923 | €79,138 | ▼ 7.9% |
| Contributions10/11 | €13,700 | €13,700 | - | €13,700 | €13,700 | €13,700 | €13,700 | €13,700 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | - | - | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | €23,890 | €33,130 | €45,886 | €50,882 | €55,175 | €60,472 | €70,323 | €63,538 | ▼ 9.6% |
| Amounts payable17/49 | €3,887 | €30,879 | €27,558 | €40,450 | €31,005 | €41,795 | €78,594 | €59,079 | ▼ 24.8% |
| Amounts payable after more than one year17 | - | €20,870 | €14,930 | €8,852 | €2,634 | - | €25,470 | €19,321 | ▼ 24.1% |
| Financial debts170/4 | - | - | - | €8,852 | €2,634 | - | €25,470 | €19,321 | ▼ 24.1% |
| Amounts payable within one year42/48 | €3,887 | €10,009 | €12,629 | €30,297 | €27,051 | €40,595 | €53,124 | €38,058 | ▼ 28.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,078 | €6,219 | €2,634 | €5,920 | €6,148 | ▲ 3.9% |
| Trade debts44 | €1,303 | €547 | €337 | €12,350 | €6,238 | €15,228 | €26,655 | €37 | ▼ 99.9% |
| Suppliers440/4 | - | - | - | €12,350 | €6,238 | €15,228 | €26,655 | €37 | ▼ 99.9% |
| Taxes, remuneration and social security45 | - | - | - | €5,870 | €11,595 | €17,733 | €15,550 | €4,693 | ▼ 69.8% |
| Taxes450/3 | - | - | - | €3,743 | €6,336 | €8,885 | €8,224 | - | - |
| Remuneration and social security454/9 | - | - | - | €2,127 | €5,258 | €8,848 | €7,326 | €4,693 | ▼ 35.9% |
| Other amounts payable47/48 | - | - | - | €6,000 | €3,000 | €5,000 | €5,000 | €27,179 | ▲ 444% |
| Accrued charges and deferred income492/3 | - | - | - | €1,300 | €1,320 | €1,200 | - | €1,700 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,425 | €9,240 | €12,757 | €10,995 | €7,294 | €10,297 | €14,850 | -€6,785 | - |
| + Depreciation and write-downs630 | €662 | €3,387 | €3,387 | €3,387 | €3,342 | €3,342 | €3,693 | €9,643 | ▲ 161% |
| Operating cash flow (approximation) | €6,086 | €12,626 | €16,144 | €14,382 | €10,635 | €13,639 | €18,543 | €2,858 | ▼ 84.6% |
| Investment in fixed assets (approximation) | - | -€30,090 | €0 | €0 | €0 | €0 | -€31,292 | -€5,792 | ▲ 81.5% |
| Change in cash | - | €620 | -€974 | -€1,640 | €2,290 | -€108 | €6,093 | -€7,000 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00489212 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00467597 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00261621 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00302665 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20201864 | |
| 31-12-2020 | micro format | 22-08-2021 | 2021-51600025 | |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43100257 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-51200252 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-40600026 | |
| 31-12-2016 | micro format | 17-07-2017 | 2017-31900013 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 23-02-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ASIFI Mohammad Zaher |
|
| ASIFI Mohammed Sabir |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Assemblée qui nomme, avec ou sans limitation de durée”“Assemblée générale, frais de représentation voyages et déplacements”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “100, droit égal dans la répartition des bénéfices et des produits de la liquidation”“Nominatives avec numéro d’ordre, inscrites dans registre des actions nominatives avec mentions requises par Code des sociétés et des…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant et moitié acquéreurs au prorata si plusieurs, entre vifs ou pour cause de mort”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Apport en numéraire avec émission de nouvelles actions, courrier électronique,ou courrier ordinaire pour personnes sans adresse…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Si aucun autre liquidateur désigné, désigner liquidateurs déterminer pouvoirs et émoluments”
Articles of association, deed of 23-02-2024 (in French)
Network & group
SIMAA shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of SIMAA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-02
Gazette deed
Resignations: ASIFI Mohammad Zaher (manager) and ASIFI Mohammed Sabir (manager)Appointments: ASIFI Mohammad Zaher (director) and ASIFI Mohammed Sabir (director) · Director discharge · Amendment of the articles10 points ▸
- Director resignation, ASIFI Mohammad Zaher (manager)
- Director resignation, ASIFI Mohammed Sabir (manager)
- Director appointment, ASIFI Mohammad Zaher (director (not named in the articles))
- Director appointment, ASIFI Mohammed Sabir (director (not named in the articles))
- Director discharge, ASIFI Mohammad Zaher
- Director discharge, ASIFI Mohammed Sabir
- General meeting, 16-02-2024
- Other provision, “inscription au Registre des Personnes Morales”, 0881.720.595 (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202525 activities
- Matériaux de construction,matériel électrique et électronique,sanitaire et de plomberie
- Tous produits alimentaires tels que fruits,légumes,conserves,produits laitiers,produits de la mer,poissons,boucherie,articles de ménage et articles cadeaux
- Tous textiles en générai,vêtements divers,chaussures,cordonnerie,serrurerie,maroquinerie dans le sens le plus large
- Tous produits de l’artisanat en général,tapisseries y compris les articles du tiers-monde
- Tous les articles de parfumerie,de toilette,cosmétiques,produits de beauté,maquillage ainsi que savons et détergents
- Tous les articles d'horticulture tels que fleurs,plantes,articles de jardinage,aménagement et entretien de jardins et de pépinières
- Tous livres,antiquités,brocantes,objets de décoration,machines industrielles
- Tous bijoux,orfèvrerie
- Tous appareils électroménagers,tous films de bandes magnétiques,DVD,cassettes,tous articles imprimés ou enregistrés permettant leur lecture vision ou audition,livres
- Tous matériaux de bureau et de l’informatique,téléphones,gsm,fax
- Tous véhicules neufs et d'occasion,ainsi que leurs pièces détachées
- Commerce ambulant
- Atelier de confection et de vente de vêtements traditionnels et artisanaux
- Cabines téléphoniques
- Atelier de fabrication de tous produits de boulangerie et de pâtisserie,de tous produits alimentaires et non alimentaires
- Librairie
- Tous snacks bars,brasseries,salon de consommation,hôtels,restaurants,tavernes,cafés,discothèques,buffets,vestiaires pour publics,locations de places,salles d’organisation,de banquet et service traiteur
- La messagerie,les services de fax,de cabines téléphoniques et de photocopies,night-shop,de laboratoire de développements photos,d’atelier de tournage,d’affûtage et de rectification de pièces mécaniques
- Une société de taxis,Car-Wash,station-service (tous carburants tels que mazout,diesel,gaz,..),garage avec atelier de réparation,entretien et dépannage
- Un salon de coiffure et produits de salon
- Entreprise générale de bâtiment,peinture,maçonnerie,électricité,toiture
- Fournir tous services ou prestations au profit de toutes clientèles privées ou commerciales
- Le nettoyage et l'entretien d’immeubles,le nettoyage de vitres et de bureaux,de petits travaux de bureau,services intérimaires,sous-traitance
- Marchés publics
- Transport de personnes et de marchandises
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
2 sitesSites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21442A0137/00G005 | Brussels | 88 m² | 1 · 83 m² | 16.2 m · 5 |
| 21562A0171/00T010 | Brussels | 63 m² | 1 · 116 m² | 17.0 m · 4 |