Simac
ActiveSummary
Simac has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9.8m and a net result of €978,819. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 1547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-6
Solvency49▼-1
Growth48▲+1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.43 in 2023; short-term debt: 38.6% and cash: 1.6% of total assets), but 75.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
24.3%
Return on assets
2.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d late
2023
37 d early
2022
53 d early
2021
34 d early
2020
37 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 employer in Leuven, Telecoms and IT sector#3 company by total assets in Leuven, Telecoms and IT sector#7 company by equity in Leuven, Telecoms and IT sector
Turnover
€73.4m▲ 8.9%
2023 · €67.4m
EBIT margin
2.1%▼ 2.3pp
2023 · 4.4%
Net result
€978,819▼ 48.8%
2023 · €1.9m
Working capital
€23.1m▲ 17.3%
2023 · €19.7m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€53.5m▼ 4.9%€54.2m▲ 1.3%€63.0m▲ 16.4%€67.4m▲ 7.0%€73.4m▲ 8.9%
Operating result€1.5m▼ 21.0%€1.3m▼ 17.6%€2.5m▲ 97.5%€3.0m▲ 19.8%€1.5m▼ 48.4%
Net result€1.1m▲ 0.4%€742,033▼ 34.0%€1.7m▲ 126%€1.9m▲ 14.1%€978,819▼ 48.8%
EBIT margin2.9%▼ 0.6pp2.3%▼ 0.5pp4.0%▲ 1.6pp4.4%▲ 0.5pp2.1%▼ 2.3pp
Equity€6.9m=€6.9m=€6.9m=€8.8m▲ 27.8%€9.8m▲ 11.1%
Total assets€25.5m▲ 0.8%€25.6m▲ 0.3%€31.7m▲ 24.2%€35.0m▲ 10.3%€40.2m▲ 14.9%
Debt€18.6m▲ 1.2%€18.6m▲ 0.1%€24.8m▲ 33.2%€26.2m▲ 5.4%€30.4m▲ 16.2%
Working capital€11.6m▲ 2.1%€11.9m▲ 2.8%€14.5m▲ 21.4%€19.7m▲ 35.8%€23.1m▲ 17.3%
Staff (FTE)147.8▼ 3.3%150.5▲ 1.8%148.4▼ 1.4%160.1▲ 7.9%171.1▲ 6.9%
Why a figure moved sharply
- 2022 Net result +126% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 48% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40.2m
Fixed assets
€1.6m ▲ 3.2%
Current assets
€38.6m ▲ 15.5%
Equity and liabilities €40.2m
Equity
€9.8m ▲ 11.1%
Provisions
€60,000 =
Debt
€30.4m ▲ 16.2%
Debt's share of the balance-sheet total rises from 74.7% to 75.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.9m▼
2023 · €3.3m
Cash flow
€1.3m▼
2023 · €2.2m
Current ratio
2.49▲
2023 · 2.43
Quick ratio
2.16▲
2023 · 2.07
Debt to equity
3.12▲
2023 · 2.98
ROE
10.0%▼
2023 · 21.8%
ROA
2.4%▼
2023 · 5.5%
Interest coverage
12.42▼
2023 · 37.58
Debt ≤ 1 year
€15.5m▲
2023 · €13.8m
Income taxes
€453,019▼
2023 · €911,886
Staff costs
€15.5m▲
2023 · €14.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 719 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.8%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 719 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €57.1m | €66.5m | €72.4m | €78.1m | ▲ 7.9% |
| Turnover70 | €53.5m | €54.2m | €63.0m | €67.4m | €73.4m | ▲ 8.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €2.0m | €2.5m | €3.4m | €3.4m | ▼ 0.7% |
| Other operating income74 | - | €906,979 | €948,651 | €1.6m | €1.3m | ▼ 16.0% |
| Non-recurring operating income76A | - | €700 | €1,750 | €100 | €950 | ▲ 850% |
| Operating charges60/66A | - | €55.8m | €64.0m | €69.4m | €76.6m | ▲ 10.3% |
| Goods for resale, raw materials and consumables60 | - | €37.6m | €43.7m | €45.9m | €49.5m | ▲ 7.9% |
| Purchases600/8 | - | €38.5m | €43.0m | €46.6m | €48.4m | ▲ 3.8% |
| Change in stocks: decrease (increase)609 | - | -€871,919 | €692,243 | -€705,066 | €1.1m | ▲ 259% |
| Services and other goods61 | - | €6.2m | €7.9m | €9.2m | €11.4m | ▲ 23.9% |
| Remuneration, social security and pensions62 | - | €11.6m | €12.5m | €14.0m | €15.5m | ▲ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €237,822 | €220,877 | €203,905 | €285,980 | €335,480 | ▲ 17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €33,044 | -€264,118 | -€42,755 | -€231,084 | ▼ 440% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €60,000 | - | - | - | - |
| Other operating charges640/8 | - | €52,993 | €4,030 | €69,256 | €107,811 | ▲ 55.7% |
| Operating profit (loss)9901 | €1.5m | €1.3m | €2.5m | €3.0m | €1.5m | ▼ 48.4% |
| Financial income75/76B | - | €217,779 | €479,973 | €247,087 | €534,993 | ▲ 117% |
| Recurring financial income75 | €297,645 | €217,779 | €479,973 | €247,087 | €534,993 | ▲ 117% |
| Other financial income752/9 | - | €217,779 | €479,973 | €247,087 | €534,993 | ▲ 117% |
| Financial charges65/66B | - | €281,661 | €558,512 | €406,438 | €641,637 | ▲ 57.9% |
| Recurring financial charges65 | €252,192 | €281,661 | €558,512 | €406,438 | €641,637 | ▲ 57.9% |
| Debt charges650 | €88,811 | €83,204 | €74,871 | €86,987 | €150,907 | ▲ 73.5% |
| Other financial charges652/9 | - | €198,457 | €483,641 | €319,451 | €490,730 | ▲ 53.6% |
| Profit (loss) for the period before taxes9903 | €1.6m | €1.2m | €2.4m | €2.8m | €1.4m | ▼ 49.3% |
| Income taxes67/77 | €450,547 | €454,500 | €734,748 | €911,886 | €453,019 | ▼ 50.3% |
| Taxes670/3 | - | €454,500 | €1.1m | €918,048 | €600,000 | ▼ 34.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | €317,277 | €6,162 | €146,981 | ▲ 2,285% |
| Profit (loss) for the period9904 | €1.1m | €742,033 | €1.7m | €1.9m | €978,819 | ▼ 48.8% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €742,033 | €1.7m | €1.9m | €978,819 | ▼ 48.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25.5m | €25.6m | €31.7m | €35.0m | €40.2m | ▲ 14.9% |
| Fixed assets21/28 | €1.7m | €2.0m | €1.9m | €1.6m | €1.6m | ▲ 3.2% |
| Intangible fixed assets21 | €232,681 | €234,674 | €181,527 | €131,565 | €100,148 | ▼ 23.9% |
| Tangible fixed assets22/27 | €1.0m | €980,116 | €1.1m | €991,480 | €1.1m | ▲ 11.2% |
| Land and buildings22 | - | €659,592 | €653,148 | €80,853 | €222,848 | ▲ 176% |
| Plant, machinery and equipment23 | - | €288,106 | €234,993 | €276,264 | €255,517 | ▼ 7.5% |
| Furniture and vehicles24 | - | €32,419 | €21,620 | €634,363 | €624,066 | ▼ 1.6% |
| Assets under construction and advance payments27 | - | - | €234,512 | - | - | - |
| Financial fixed assets28 | €435,785 | €766,195 | €608,124 | €463,713 | €434,752 | ▼ 6.2% |
| Other financial fixed assets284/8 | - | €766,195 | €608,124 | €463,713 | €434,752 | ▼ 6.2% |
| Amounts receivable and cash guarantees285/8 | - | €766,195 | €608,124 | €463,713 | €434,752 | ▼ 6.2% |
| Current assets29/58 | €23.8m | €23.6m | €29.8m | €33.4m | €38.6m | ▲ 15.5% |
| Stocks and contracts in progress3 | €699,340 | €4.2m | €4.8m | €4.9m | €5.0m | ▲ 1.0% |
| Stocks30/36 | - | €1.1m | €788,857 | €1.4m | €755,746 | ▼ 46.3% |
| Goods purchased for resale34 | - | €1.1m | €788,857 | €1.4m | €755,746 | ▼ 46.3% |
| Contracts in progress37 | - | €3.1m | €4.0m | €3.5m | €4.2m | ▲ 19.8% |
| Amounts receivable within one year40/41 | €15.3m | €14.6m | €18.0m | €22.1m | €26.9m | ▲ 21.7% |
| Trade receivables40 | - | €11.6m | €17.3m | €17.5m | €19.1m | ▲ 9.3% |
| Other amounts receivable41 | - | €3.0m | €683,145 | €4.6m | €7.8m | ▲ 68.4% |
| Cash at bank and in hand54/58 | €239,827 | €203,091 | €1.1m | €681,042 | €663,093 | ▼ 2.6% |
| Deferred charges and accrued income490/1 | - | €4.6m | €6.0m | €5.6m | €6.0m | ▲ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25.5m | €25.6m | €31.7m | €35.0m | €40.2m | ▲ 14.9% |
| Equity10/15 | €6.9m | €6.9m | €6.9m | €8.8m | €9.8m | ▲ 11.1% |
| Contributions10/11 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Capital10 | - | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Issued capital100 | - | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Reserves13 | €2.2m | €2.2m | €2.2m | €4.2m | €5.1m | ▲ 23.5% |
| Non-distributable reserves130/1 | - | €462,500 | €462,500 | €462,500 | €462,500 | = |
| Legal reserve130 | - | €462,500 | €462,500 | €462,500 | €462,500 | = |
| Distributable reserves133 | - | €1.8m | €1.8m | €3.7m | €4.7m | ▲ 26.5% |
| Provisions and deferred taxes16 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Provisions for liabilities and charges160/5 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Pensions and similar obligations160 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Amounts payable17/49 | €18.6m | €18.6m | €24.8m | €26.2m | €30.4m | ▲ 16.2% |
| Amounts payable within one year42/48 | €12.2m | €11.7m | €15.3m | €13.8m | €15.5m | ▲ 12.8% |
| Trade debts44 | €7.0m | €5.2m | €8.2m | €7.8m | €8.4m | ▲ 8.5% |
| Suppliers440/4 | - | €5.2m | €8.2m | €7.8m | €8.4m | ▲ 8.5% |
| Advances received on contracts in progress46 | - | €3.5m | €2.7m | €3.1m | €3.9m | ▲ 25.3% |
| Taxes, remuneration and social security45 | - | €2.2m | €2.6m | €2.9m | €3.2m | ▲ 11.3% |
| Taxes450/3 | - | €237,392 | €494,271 | €684,371 | €757,154 | ▲ 10.6% |
| Remuneration and social security454/9 | - | €2.0m | €2.1m | €2.2m | €2.5m | ▲ 11.5% |
| Other amounts payable47/48 | - | €742,033 | €1.8m | - | - | - |
| Accrued charges and deferred income492/3 | - | €7.0m | €9.5m | €12.4m | €14.9m | ▲ 20.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €742,033 | €1.7m | €1.9m | €978,819 | ▼ 48.8% |
| + Depreciation and write-downs630 | €237,822 | €220,877 | €203,905 | €285,980 | €335,480 | ▲ 17.3% |
| Operating cash flow (approximation) | €1.4m | €962,911 | €1.9m | €2.2m | €1.3m | ▼ 40.2% |
| Investment in fixed assets (approximation) | - | -€508,705 | -€156,844 | €61,186 | -€386,053 | ▼ 731% |
| Change in cash | - | -€36,737 | €859,313 | -€381,362 | -€17,949 | ▲ 95.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €742,033 ▼34%
Net result drops to €742,033, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 10 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
21 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, Leuven · 3 establishment units since 1998
Ground area
1.6 ha
Building footprint
1,834 m²
Volume, LiDAR
17,222 m³
3 parcels, Flanders, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Simac NV
since 19982.049.671.861
Rue de Marche 167, 6600 Bastogne
since 20172.296.491.034
Bosstraat 54, 3560 Lummen
since 20192.296.491.232
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514B0176/00C000 | Flanders | 1.1 ha | 1 · 74 m² | 6.6 m · 2 fl. |
| 71037C2733/00K000 | Flanders | 4,960 m² | 1 · 1,570 m² | 14.7 m · 4 fl. |
| 82003E1134/00T000indicative | Wallonia | 920 m² | 1 · 191 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Simac Techniek N.V.NL
- Simac
Highest known parent: Simac Techniek N.V. (Netherlands). The sources do not say who stands above it.
Owners 1
- Simac Techniek N.V.NLparentSourceLEI registerconsolidated
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 48,408 EUR awarded · 48,408 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 21,526 EUR | 21,526 EUR |
| 2024 | 3 | 17,623 EUR | 17,623 EUR |
| 2023 | 2 | 1,335 EUR | 1,335 EUR |
| 2022 | 1 | 7,924 EUR | 7,924 EUR |
Recognitions · licences · registrations
Recognised contractor
5 categoriesSimac NV27244
Legal Entity Identifier
967600YIFPRAFKAKN663
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Of 3,214 companies in sector 62900 we hold annual accounts for 1,743. 153 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-09-1990
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
42220Construction of utility projects for electricity and telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441532023
Also
9925:BE0441532023
Registered
17-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.