SIMABS
Annual accounts 2025
full format, filed on 30-07-2026, 1 day before the deadlineTurnover: not included in this filing.
Balance sheet
balance sheet total €2.7m on 31-12-2025in €m
in €m
Position in the sector
37.6%
Higher than 39% of 95 companies in 2025.
1.50
Higher than 46% of 94 companies in 2025.
-55.3%
Higher than 6% of 95 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€95,774
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 4 people joined and 3 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
2.7m | 1.1m | 1.4m | 1.2m | 2.2m | 1.4m | |
21/28 |
604,030 | 422,450 | 545,424 | 736,874 | 850,535 | 68,514 | |
21 |
3,653 | 7,218 | 10,784 | 14,349 | - | - | |
22/27 |
580,326 | 395,181 | 528,380 | 716,226 | 844,295 | 64,869 | |
23 |
425,265 | 96,615 | 77,631 | 102,766 | 570,401 | 63,814 | |
24 |
0 | 197 | 412 | 626 | 841 | 1,055 | |
25 |
146,708 | 287,842 | 450,338 | 612,833 | 273,054 | - | |
26 |
8,354 | 10,527 | - | - | - | - | |
28 |
20,051 | 20,051 | 6,260 | 6,300 | 6,240 | 3,645 | |
29/58 |
2.1m | 688,428 | 880,856 | 450,229 | 1.4m | 1.3m | |
29 |
320,000 | - | - | - | - | - | |
291 |
320,000 | - | - | - | - | - | |
3 |
69,754 | 69,754 | 58,274 | 58,834 | 48,459 | - | |
30/36 |
69,754 | 69,754 | 58,274 | 58,834 | 48,459 | - | |
40/41 |
682,535 | 455,908 | 149,855 | 47,154 | 43,099 | 17,423 | |
40 |
156,513 | 378,458 | 149,562 | 27,931 | 517 | 156 | |
41 |
526,022 | 77,450 | 293 | 19,222 | 42,583 | 17,268 | |
54/58 |
970,589 | 162,766 | 672,241 | 342,342 | 826,150 | 1.3m | |
490/1 |
21,866 | 0 | 486 | 1,900 | 464,328 | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
2.7m | 1.1m | 1.4m | 1.2m | 2.2m | 1.4m | |
10/15 |
1.0m | -337,049 | 649,820 | 271,415 | 1.0m | 835,361 | |
10/11 |
4.7m | 1.9m | 1.9m | 1.1m | 1.1m | 500,000 | |
10 |
4.7m | 1.9m | 1.9m | 1.1m | 1.1m | - | |
100 |
4.7m | 1.9m | 1.9m | 1.1m | 1.1m | 500,000 | |
13 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 335,361 | |
130/1 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
130 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
133 |
- | - | - | - | - | 285,361 | |
14 |
-3.8m | -2.3m | -1.3m | -853,585 | -85,486 | - | |
17/49 |
1.7m | 1.4m | 776,460 | 915,689 | 1.2m | 537,397 | |
17 |
261,730 | 777,162 | 354,533 | 601,333 | 498,727 | 389,019 | |
170/4 |
261,730 | 777,162 | 354,533 | 601,333 | 498,727 | 389,019 | |
42/48 |
1.4m | 412,265 | 421,927 | 314,357 | 694,330 | 148,379 | |
42 |
128,736 | 209,364 | 246,800 | 242,279 | 163,514 | 95,330 | |
44 |
1.1m | 129,211 | 106,467 | 28,641 | 507,406 | 46,081 | |
440/4 |
1.1m | 129,211 | 106,467 | 28,641 | 507,406 | 46,081 | |
45 |
104,043 | 73,690 | 68,660 | 43,437 | 23,409 | 6,858 | |
450/3 |
3,773 | 1,708 | 26,156 | 487 | 196 | 24 | |
454/9 |
100,270 | 71,982 | 42,504 | 42,950 | 23,213 | 6,834 | |
47/48 |
- | - | - | - | - | 109 | |
492/3 |
31,485 | 258,500 | - | - | - | - | |
| Income statement | |||||||
76A |
0 | 196 | - | 1,778 | - | - | |
9900 |
-129,335 | -105,189 | 121,285 | -236,868 | -120,385 | 371,722 | |
62 |
1.1m | 661,307 | 363,862 | 333,246 | 186,408 | 21,309 | |
630 |
211,286 | 195,945 | 191,411 | 172,149 | 50,900 | 1,104 | |
640/8 |
11,742 | 1,516 | 2,247 | 2,106 | 512 | 1,002 | |
9901 |
-1.4m | -963,957 | -436,235 | -744,370 | -358,205 | 348,307 | |
75/76B |
316 | 1,752 | 718 | 19 | 99 | - | |
75 |
316 | 1,752 | 718 | 19 | 99 | - | |
65/66B |
28,766 | 23,553 | 17,103 | 23,262 | 12,568 | 12,921 | |
65 |
28,766 | 23,553 | 17,103 | 23,262 | 12,568 | 12,921 | |
9903 |
-1.5m | -985,758 | -452,620 | -767,612 | -370,675 | 335,386 | |
67/77 |
2,065 | 1,111 | 574 | 487 | 172 | 24 | |
9904 |
-1.5m | -986,869 | -453,195 | -768,099 | -370,847 | 335,361 | |
9905 |
-1.5m | -986,869 | -453,195 | -768,099 | -370,847 | 335,361 | |
| Appropriation of the result | |||||||
9906 |
-3.8m | -2.3m | -1.3m | -853,585 | -370,847 | 335,361 | |
14P |
-2.3m | -1.3m | -853,585 | -85,486 | - | - | |
791/2 |
- | - | - | - | 285,361 | - | |
691/2 |
- | - | - | - | - | 335,361 | |
6920 |
- | - | - | - | - | 50,000 | |
6921 |
- | - | - | - | - | 285,361 | |
| Social balance sheet | |||||||
9087 |
11.4 | 7.3 | 4 | 4.4 | 3 | 1.3 | |
Hours worked1013 |
18,442 | 12,034 | 6,827 | 7,388 | 5,371 | 616 | |
| Document | |||||||
The notes to these accounts have 22 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-07-2026 | 2026-00368030 | |
| 31-12-2024 | abbreviated format | 23-07-2025 | 2025-00298330 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00298787 | |
| 31-12-2022 | abbreviated format | 30-07-2023 | 2023-00296677 | |
| 31-12-2021 | abbreviated format | 03-07-2022 | 2022-20125120 | |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-33300023 |
Subsidies and aid
Flemish government 2024 to 2025, 6 entries, €549,154 awarded, €440,917 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 5 | €14,917 | €227,917 |
| 2024 | 1 | €534,237 | €213,000 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -1.2m | -768,012 | -244,824 | -572,220 | -307,305 | 349,411 | ||
| -1.3m | -790,924 | -261,784 | -595,950 | -319,947 | 336,465 | ||
| 392,865 | 216,340 | -40 | 540,698 | 833,221 | 69,618 | ||
| 807,823 | -509,475 | 329,899 | -483,808 | -460,671 | - | ||
| 692,436 | 276,163 | 458,929 | 135,873 | 687,707 | 1.2m | ||
| 37.6% | -30.3% | 45.6% | 22.9% | 46.6% | 60.9% | ||
| 1.50 | 1.67 | 2.09 | 1.43 | 1.99 | 8.79 | ||
| 1.45 | 1.50 | 1.95 | 1.25 | 1.92 | 8.79 | ||
| 1.66 | - | 1.19 | 3.37 | 1.15 | 0.64 | ||
| -147.0% | - | -69.7% | -283.0% | -35.7% | 40.1% | ||
| -55.3% | -88.8% | -31.8% | -64.7% | -16.6% | 24.4% | ||
| -42.86 | -32.61 | -14.31 | -24.60 | -24.45 | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 12 | 11 | 5 | 5 | 3 |
| full-time | 12 | 10 | 4 | 4 | 3 |
| part-time | 0 | 1 | 1 | 1 | - |
| in full-time equivalents | 12 | 10.8 | 4.8 | 4.8 | 3 |
| 11.4 | 7.3 | 4 | 4.4 | 2.9 | |
| On a permanent contract | 12 | 11 | 5 | 5 | 3 |
| Joined | 4 | 7 | 1 | 2 | 2 |
| Left | 3 | 1 | 1 | 0 | 1 |
| Training hours | - | 12 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | - | €552,408 | €273,223 |
| Carrying value of the other pledged assets | €146,708 | €287,842 | €450,338 | €612,833 | €273,054 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €392,865 | €202,549 | - | €522,802 | €830,326 |
| Intangible fixed assets | - | - | - | €17,826 | - |
| Financial fixed assets | €0 | €13,791 | - | €70 | €2,895 |
| €211,286 | €195,945 | €191,411 | €172,149 | €50,900 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SIMABS
The operating result for 2025 is a loss of €1.4m, larger than the loss of €963,957 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total is 62.4%.
- 2024 Net result -118% on 2023. The accounts now follow the abbreviated format, last year the micro format.
- 2023 Equity +139% on 2022. Capital increase of €831,600 (Official Gazette 20-10-2023).