Equity
Simac has made a profit without a break since 2008.
Simac has made a profit without a break since 2008.
Of this, €13.6m falls due within a year.
In 2025, 21 people joined and 28 left. On top of that, 1.2 agency workers worked there on average.
Simac pays its suppliers 4 days earlier than in 2024. Customers pay 23 days earlier.
Two of the last ten came late. The 2017 accounts came latest: 10 days after the end of the period.
More equity than 91% of companies in computer programming and consultancy. Sector median €432,608 · 1,691 companies.
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, medium-sized). It does better than 40% of them on solvency, 49% on liquidity, 43% on profitability and 41% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 733 companies had the same profile as Simac has now. Each dot stands for 2 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Simac itself: 0.1% within 12 months.
The method was tested on the 497,447 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 733 companies, not a prediction for Simac. 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.
Liquidity is ample, with a current ratio of 2.86 (2.49 in 2024), above the usual 1.5. Short-term debt is 33.6% and cash 2.1% of total assets. However, 73.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Simac Leuven | €69.7m | 2.0% | 26.1% | 167.2 |
| KONICA MINOLTA BUSINESS SOLUTIONS (BELGIUM) N.V./S.A. Machelen (Brab.) | €46.1m | 0.0% | 57.2% | 168.2 |
| WAVENET Leuze-en-Hainaut | €34.1m | 22.8% | 61.7% | 171.3 |
| PROTIME Mechelen | €53.9m | 4.9% | 43.8% | 321.5 |
| VOXBONE Ixelles | €125.5m | 5.7% | 60.5% | 133.5 |
| Circet Projects Zaventem | €39.2m | -4.2% | 29.6% | 71.8 |
| Ernst & Young Advisory Services Machelen (Brab.) | €36.6m | 2.8% | 30.4% | 114.2 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Simac: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €17m and €38m, founded between 1995 and 2004.
Simac has existed since 1990. Turnover grew from €35.9m in 2006 to €69.7m in 2025.
In August 2022, the Official Gazette published the appointment of Eric van Schagen as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 38% of 1,691 companies in 2025.
Higher than 76% of 1,658 companies in 2025.
Higher than 44% of 1,673 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
149.8 men and 17.4 women in full-time equivalents in 2025.
Men €95,044, women €99,968 per full-time equivalent. Jobs differ, so this is not a pay gap.
In 2025, 21 people joined and 28 left. Training hours in 2025: 19,528. Agency workers: 1.2 on average.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
40.6m | 40.2m | 35.0m | 31.7m | 25.6m | 25.5m | 25.3m | 26.7m | 22.7m | 24.7m | 26.3m | 26.0m | 27.0m | 23.2m | 22.2m | 18.5m | 18.5m | 19.7m | 22.1m | 20.9m | |
21/28 |
1.7m | 1.6m | 1.6m | 1.9m | 2.0m | 1.7m | 1.7m | 1.9m | 2.0m | 1.9m | 1.2m | 1.3m | 964,937 | 957,293 | - | 649,755 | 606,939 | 806,948 | 997,824 | 1.1m | |
21 |
70,929 | 100,148 | 131,565 | 181,527 | 234,674 | 232,681 | 272,761 | 276,130 | 88,057 | - | - | - | - | - | 617 | 1,542 | 2,467 | 3,392 | 4,317 | - | |
22/27 |
1.1m | 1.1m | 991,480 | 1.1m | 980,116 | 1.0m | 957,145 | 1.1m | 1.2m | 1.4m | 595,354 | 446,559 | 315,044 | 293,649 | 327,277 | 267,169 | 259,530 | 221,520 | 276,254 | 386,287 | |
22 |
200,044 | 222,848 | 80,853 | 653,148 | 659,592 | 666,336 | 676,312 | 690,443 | 669,458 | 660,089 | 47,913 | 41,806 | 29,949 | 36,553 | 46,929 | 68,109 | 72,945 | 1,163 | 4,995 | 10,028 | |
23 |
419,017 | 255,517 | 276,264 | 234,993 | 288,106 | 318,130 | 223,055 | 353,024 | 449,083 | 602,540 | 451,024 | 284,784 | 201,842 | 169,487 | 182,027 | 163,835 | 155,852 | 184,059 | 225,608 | 303,966 | |
24 |
517,108 | 624,066 | 634,363 | 21,620 | 32,419 | 40,225 | 57,778 | 76,425 | 85,476 | 89,581 | 96,417 | 119,969 | 83,253 | 87,609 | 98,321 | 35,224 | 30,733 | 36,298 | 45,651 | 72,292 | |
27 |
- | - | - | 234,512 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
460,301 | 434,752 | 463,713 | 608,124 | 766,195 | 435,785 | 476,871 | 514,825 | 711,783 | 582,942 | 572,527 | 814,327 | 649,893 | 663,644 | 497,555 | 381,045 | 344,942 | 582,037 | 717,254 | 716,483 | |
280/1 |
- | - | - | - | - | - | - | - | - | - | - | - | 186 | 186 | 186 | 186 | 186 | 62 | 62 | 62 | |
280 |
- | - | - | - | - | - | - | - | - | - | - | - | 186 | 186 | 186 | 186 | 186 | 62 | 62 | 62 | |
284/8 |
460,301 | 434,752 | 463,713 | 608,124 | 766,195 | 435,785 | 476,871 | 514,825 | 711,783 | 582,942 | 572,527 | 814,327 | 649,707 | 663,458 | 497,369 | 380,859 | 344,756 | 581,975 | 717,192 | 716,421 | |
285/8 |
460,301 | 434,752 | 463,713 | 608,124 | 766,195 | 435,785 | 476,871 | 514,825 | 711,783 | 582,942 | 572,527 | 814,327 | 649,707 | 663,458 | 497,369 | 380,859 | 344,756 | 581,975 | 717,192 | 716,421 | |
29/58 |
38.9m | 38.6m | 33.4m | 29.8m | 23.6m | 23.8m | 23.6m | 24.8m | 20.7m | 22.7m | 25.1m | 24.7m | 26.0m | 22.2m | 21.4m | 17.9m | 17.9m | 18.9m | 21.1m | 19.8m | |
29 |
- | - | - | - | - | - | - | - | - | - | - | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | |
291 |
- | - | - | - | - | - | - | - | - | - | - | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | |
3 |
4.9m | 5.0m | 4.9m | 4.8m | 4.2m | 3.1m | 4.4m | 3.3m | 2.9m | 2.2m | 4.5m | 3.9m | 4.9m | 3.9m | 4.2m | 2.2m | 3.4m | 3.7m | 1.9m | 4.7m | |
30/36 |
856,682 | 755,746 | 1.4m | 788,857 | 1.1m | 699,340 | 1.4m | 1.1m | 138,092 | 307,119 | 342,385 | 262,604 | 154,771 | 316,710 | 252,377 | 237,444 | 306,181 | 216,042 | 450,081 | 515,271 | |
34 |
856,682 | 755,746 | 1.4m | 788,857 | 1.1m | 699,340 | 1.4m | 1.1m | 138,092 | 307,119 | 342,385 | 262,604 | 154,771 | 316,710 | 252,377 | 237,444 | 306,181 | 216,042 | 450,081 | 515,271 | |
37 |
4.0m | 4.2m | 3.5m | 4.0m | 3.1m | 2.4m | 3.0m | 2.2m | 2.8m | 1.9m | 4.2m | 3.6m | 4.7m | 3.6m | 3.9m | 2.0m | 3.1m | 3.5m | 1.5m | 4.2m | |
40/41 |
25.3m | 26.9m | 22.1m | 18.0m | 14.6m | 15.3m | 15.0m | 18.1m | 14.2m | 16.7m | 16.5m | 15.1m | 13.7m | 14.2m | 12.3m | 10.6m | 10.2m | 10.3m | 13.4m | 10.9m | |
40 |
13.7m | 19.1m | 17.5m | 17.3m | 11.6m | 10.1m | 13.2m | 12.6m | 8.1m | 16.5m | 14.3m | 10.1m | 10.7m | 9.2m | 9.0m | 7.2m | 6.7m | 6.9m | 10.6m | 8.1m | |
41 |
11.6m | 7.8m | 4.6m | 683,145 | 3.0m | 5.2m | 1.8m | 5.5m | 6.1m | 164,665 | 2.1m | 5.0m | 2.9m | 5.0m | 3.3m | 3.3m | 3.5m | 3.4m | 2.8m | 2.7m | |
54/58 |
866,040 | 663,093 | 681,042 | 1.1m | 203,091 | 239,827 | 16,515 | 50,104 | 118,263 | 118,596 | 644,873 | 453,841 | 2.1m | 15,565 | 981,743 | 837,978 | 164,564 | 740,301 | 1.8m | 137,183 | |
490/1 |
7.8m | 6.0m | 5.6m | 6.0m | 4.6m | 5.1m | 4.2m | 3.4m | 3.5m | 3.7m | 3.5m | 2.9m | 3.0m | 1.7m | 1.4m | 1.8m | 1.8m | 1.7m | 1.6m | 1.7m | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
40.6m | 40.2m | 35.0m | 31.7m | 25.6m | 25.5m | 25.3m | 26.7m | 22.7m | 24.7m | 26.3m | 26.0m | 27.0m | 23.2m | 22.2m | 18.5m | 18.5m | 19.7m | 22.1m | 20.9m | |
10/15 |
10.6m | 9.8m | 8.8m | 6.9m | 6.9m | 6.9m | 6.9m | 5.8m | 6.6m | 5.1m | 4.4m | 10.5m | 9.4m | 8.5m | 7.6m | 6.3m | 4.9m | 4.0m | 3.1m | 3.6m | |
10/11 |
4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.0m | 4.0m | 4.0m | 4.0m | - | 4.0m | 4.0m | 4.0m | 4.0m | 4.0m | |
10 |
4.6m | 4.6m | 4.6m | 4.6m | 4.6m | - | - | - | - | - | - | - | - | - | 4.0m | - | - | - | - | - | |
100 |
4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.6m | 4.0m | 4.0m | 4.0m | 4.0m | 4.0m | 4.0m | 4.0m | 4.0m | 4.0m | 4.0m | |
13 |
6.0m | 5.1m | 4.2m | 2.2m | 2.2m | 2.2m | 2.2m | 1.1m | 1.9m | 436,483 | 362,256 | 6.5m | 5.4m | 4.5m | 3.6m | 2.3m | 850,744 | 679,971 | 679,971 | 679,971 | |
130/1 |
462,500 | 462,500 | 462,500 | 462,500 | 462,500 | 462,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
462,500 | 462,500 | 462,500 | 462,500 | 462,500 | 462,500 | 462,500 | 462,500 | 462,500 | 436,483 | 362,256 | 337,923 | 280,710 | 235,897 | 192,847 | 127,734 | 54,093 | 45,554 | 45,554 | 45,554 | |
133 |
5.5m | 4.7m | 3.7m | 1.8m | 1.8m | 1.8m | 1.8m | 663,000 | 1.5m | - | - | 6.2m | 5.1m | 4.3m | 3.4m | 2.2m | 796,651 | 634,417 | 634,417 | 634,417 | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -651,903 | -1.6m | -1.1m | |
16 |
60,000 | 60,000 | 60,000 | 60,000 | 60,000 | - | - | - | 2,373 | 9,490 | 16,607 | - | - | - | - | - | - | - | - | - | |
160/5 |
60,000 | 60,000 | 60,000 | 60,000 | 60,000 | - | - | - | 2,373 | 9,490 | 16,607 | - | - | - | - | - | - | - | - | - | |
160 |
60,000 | 60,000 | 60,000 | 60,000 | 60,000 | - | - | - | 2,373 | 9,490 | 16,607 | - | - | - | - | - | - | - | - | - | |
17/49 |
29.9m | 30.4m | 26.2m | 24.8m | 18.6m | 18.6m | 18.4m | 21.0m | 16.2m | 19.6m | 21.9m | 15.5m | 17.6m | 14.7m | 14.6m | 12.2m | 13.7m | 15.6m | 19.0m | 17.3m | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,040 | 26,512 | - | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,040 | 26,512 | - | - | - | |
174 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,040 | 26,512 | - | - | - | |
42/48 |
13.6m | 15.5m | 13.8m | 15.3m | 11.7m | 12.2m | 12.2m | 14.5m | 10.8m | 13.5m | 17.7m | 6.7m | 8.7m | 7.6m | - | 5.9m | 6.8m | 8.9m | 14.5m | 11.6m | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.5m | 24,473 | 1.6m | 3.5m | 1.7m | 1.7m | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.5m | 2.6m | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.5m | 2.6m | |
44 |
7.0m | 8.4m | 7.8m | 8.2m | 5.2m | 7.0m | 6.4m | 5.9m | 6.1m | 6.2m | 8.4m | 3.0m | 4.6m | 4.6m | 2.5m | 2.7m | 2.9m | 3.1m | 4.3m | 5.4m | |
440/4 |
7.0m | 8.4m | 7.8m | 8.2m | 5.2m | 7.0m | 6.4m | 5.9m | 6.1m | 6.2m | 8.4m | 3.0m | 4.6m | 4.6m | 2.5m | 2.7m | 2.9m | 3.1m | 4.3m | 5.4m | |
46 |
3.3m | 3.9m | 3.1m | 2.7m | 3.5m | 2.2m | 2.6m | 1.2m | 505,429 | 1.8m | 4.6m | - | - | - | - | - | - | - | - | - | |
45 |
3.3m | 3.2m | 2.9m | 2.6m | 2.2m | 1.8m | 3.2m | 4.1m | 4.0m | 4.0m | 2.6m | 3.7m | 3.3m | 2.7m | 3.6m | 3.2m | 2.2m | 2.3m | 1.9m | 1.3m | |
450/3 |
809,888 | 757,154 | 684,371 | 494,271 | 237,392 | - | 867,957 | 1.5m | 1.8m | 1.9m | 626,043 | 1.8m | 1.2m | 960,791 | 2.0m | 1.7m | 734,591 | 677,772 | 545,788 | 14,941 | |
454/9 |
2.5m | 2.5m | 2.2m | 2.1m | 2.0m | 1.8m | 2.3m | 2.6m | 2.2m | 2.1m | 2.0m | 1.9m | 2.1m | 1.8m | 1.6m | 1.5m | 1.5m | 1.6m | 1.4m | 1.3m | |
47/48 |
- | - | - | 1.8m | 742,033 | 1.1m | - | 3.3m | 268,378 | 1.4m | 2.0m | - | 751,229 | 219,501 | - | - | - | 40,246 | 37,188 | 568,283 | |
492/3 |
16.3m | 14.9m | 12.4m | 9.5m | 7.0m | 6.4m | 6.2m | 6.5m | 5.3m | 6.1m | 4.2m | 8.7m | 8.9m | 7.1m | 6.9m | 6.3m | 6.8m | 6.8m | 4.5m | 5.7m | |
| Income statement | |||||||||||||||||||||
70/76A |
73.9m | 78.1m | 72.4m | 66.5m | 57.1m | 55.1m | 57.6m | 66.5m | 67.5m | 65.9m | 55.3m | 50.6m | 50.4m | 46.0m | - | 37.4m | 33.4m | 38.2m | 42.5m | 39.8m | |
70 |
69.7m | 73.4m | 67.4m | 63.0m | 54.2m | 53.5m | 56.2m | 64.8m | 63.5m | 62.2m | 51.4m | 46.4m | 47.6m | 43.2m | 36.9m | 35.2m | 31.2m | 35.5m | 39.3m | 35.9m | |
71 |
3.0m | 3.4m | 3.4m | 2.5m | 2.0m | 937,328 | 676,184 | 1.0m | 3.2m | 3.2m | 3.3m | 3.6m | 2.3m | 2.3m | 1.9m | 2.0m | 1.9m | 2.3m | 2.7m | 3.7m | |
74 |
1.2m | 1.3m | 1.6m | 948,651 | 906,979 | - | - | - | - | - | - | - | - | - | 328,928 | - | - | - | - | - | |
76A |
350 | 950 | 100 | 1,750 | 700 | 4,361 | 300 | 4,675 | 704 | 1,630 | 16,799 | 139,866 | 489 | 8,422 | - | - | 3,904 | 162 | - | - | |
60/66A |
72.5m | 76.6m | 69.4m | 64.0m | 55.8m | 53.6m | 55.7m | 63.1m | 65.1m | 63.5m | 54.6m | 48.9m | 48.8m | 44.4m | - | 35.0m | 32.1m | 37.0m | 42.7m | 40.7m | |
60 |
45.8m | 49.5m | 45.9m | 43.7m | 37.6m | 36.3m | 36.4m | 43.6m | 46.9m | 45.4m | 37.5m | 31.7m | 32.8m | 28.0m | 22.1m | 20.8m | 19.0m | 23.2m | 28.2m | 26.2m | |
600/8 |
46.0m | 48.4m | 46.6m | 43.0m | 38.5m | 35.5m | 36.7m | 42.4m | 45.6m | 43.5m | 34.2m | 27.2m | 30.6m | 25.2m | - | 17.8m | 16.8m | 22.8m | 22.8m | 25.8m | |
609 |
-124,897 | 1.1m | -705,066 | 692,243 | -871,919 | 827,221 | -292,751 | 1.2m | 1.3m | 1.8m | 3.3m | 4.5m | 2.2m | 2.8m | -37,321 | 3.1m | 2.3m | 474,959 | 5.4m | 419,190 | |
61 |
10.2m | 11.4m | 9.2m | 7.9m | 6.2m | 6.0m | 6.6m | 6.5m | 5.7m | 5.6m | 5.3m | 5.7m | 5.1m | 5.6m | 5.0m | 4.7m | 4.1m | 4.5m | 4.3m | 4.2m | |
62 |
16.0m | 15.5m | 14.0m | 12.5m | 11.6m | 11.2m | 12.0m | 12.5m | 12.1m | 12.2m | 12.2m | 11.4m | 11.5m | 10.9m | 10.2m | 9.3m | 8.8m | 9.0m | 9.8m | 10.3m | |
630 |
347,181 | 335,480 | 285,980 | 203,905 | 220,877 | 237,822 | 311,035 | 340,884 | 330,058 | 277,619 | 229,183 | 154,235 | 142,227 | 133,190 | 156,854 | 140,002 | 154,338 | 161,301 | 192,253 | 180,550 | |
631/4 |
37,754 | -231,084 | -42,755 | -264,118 | 33,044 | -237,009 | 272,813 | 103,347 | 92,394 | 50,563 | -646,029 | 52,008 | -854,446 | -174,101 | 24,916 | 47,147 | -69,046 | 13,488 | 117,049 | -212,118 | |
635/8 |
- | - | - | - | 60,000 | - | - | -2,373 | -7,117 | -7,117 | 16,607 | - | - | - | - | - | - | - | - | - | |
640/8 |
89,853 | 107,811 | 69,256 | 4,030 | 52,993 | 46,962 | 31,684 | 42,638 | 34,336 | 4,260 | 16,343 | 13,761 | 20,068 | 36,333 | 30,015 | 33,156 | 31,985 | 32,237 | 29,229 | 33,393 | |
66A |
- | - | - | - | - | - | - | 2,585 | 32,798 | 821 | 28,182 | - | - | 1,010 | - | 391 | 4,908 | - | - | 9,073 | |
9901 |
1.4m | 1.5m | 3.0m | 2.5m | 1.3m | 1.5m | 1.9m | 3.4m | 2.4m | 2.4m | 728,421 | 1.7m | 1.7m | 1.5m | 1.6m | 2.4m | 1.4m | 1.2m | -152,511 | -875,032 | |
75/76B |
171,871 | 534,993 | 247,087 | 479,973 | 217,779 | 297,645 | 165,310 | 642,533 | 415,882 | 560,455 | 523,330 | 302,659 | 436,863 | 353,538 | - | 513,644 | 190,850 | 416,770 | 207,718 | 221,290 | |
75 |
171,871 | 534,993 | 247,087 | 479,973 | 217,779 | 297,645 | 165,310 | 642,533 | 415,882 | 560,455 | 523,330 | 302,659 | 436,863 | 353,538 | 313,475 | 513,644 | 190,850 | 416,770 | 207,718 | 221,290 | |
750 |
- | - | - | - | - | - | - | - | 16 | 474 | 1,067 | 1,275 | 1,983 | 4,403 | 3,422 | 2,479 | 4,873 | 20,409 | 19,803 | 15,672 | |
751 |
- | - | - | - | - | - | - | 231 | - | - | - | - | - | - | - | - | - | - | - | - | |
752/9 |
171,871 | 534,993 | 247,087 | 479,973 | 217,779 | 297,645 | 165,310 | 642,302 | 415,866 | 559,981 | 522,263 | 301,384 | 434,880 | 349,135 | 310,053 | 511,164 | 185,976 | 396,362 | 187,916 | 205,617 | |
65/66B |
335,475 | 641,637 | 406,438 | 558,512 | 281,661 | 252,192 | 201,281 | 327,693 | 251,672 | 463,751 | 378,645 | 388,500 | 495,160 | 348,017 | - | 379,203 | 286,651 | 578,378 | 561,493 | 424,326 | |
65 |
335,475 | 641,637 | 406,438 | 558,512 | 281,661 | 252,192 | 201,281 | 327,693 | 251,672 | 463,751 | 378,645 | 388,500 | 495,160 | 348,017 | 257,468 | 379,203 | 286,651 | 578,378 | 561,493 | 424,326 | |
650 |
176,683 | 150,907 | 86,987 | 74,871 | 83,204 | 88,811 | 93,098 | 96,470 | 100,477 | 108,690 | 130,156 | 136,307 | 309,297 | 200,415 | 156,036 | 199,888 | 228,344 | 398,828 | 532,498 | 354,045 | |
652/9 |
158,792 | 490,730 | 319,451 | 483,641 | 198,457 | 163,381 | 108,183 | 231,223 | 151,195 | 355,061 | 248,489 | 252,193 | 185,863 | 147,602 | 101,432 | 179,315 | 58,307 | 179,550 | 28,995 | 70,281 | |
9903 |
1.3m | 1.4m | 2.8m | 2.4m | 1.2m | 1.6m | 1.9m | 3.7m | 2.6m | 2.5m | 861,723 | 1.7m | 1.6m | 1.5m | 1.6m | 2.6m | 1.3m | 1.1m | -506,286 | -1.1m | |
67/77 |
410,102 | 453,019 | 911,886 | 734,748 | 454,500 | 450,547 | 780,762 | 1.3m | 1.1m | 1.0m | 375,064 | 575,319 | 714,866 | 688,122 | 322,970 | 1.1m | 436,753 | 124,080 | 753 | -1,384 | |
670/3 |
500,000 | 600,000 | 918,048 | 1.1m | 454,500 | 450,547 | 780,762 | 1.3m | 1.1m | 1.0m | 420,888 | 701,322 | 729,097 | 688,122 | 660,635 | 1.1m | 436,753 | 124,080 | 753 | 2,316 | |
77 |
89,898 | 146,981 | 6,162 | 317,277 | - | - | - | - | 15,269 | - | 45,824 | 126,003 | 14,231 | - | 337,665 | 124 | - | - | - | 3,700 | |
9904 |
841,867 | 978,819 | 1.9m | 1.7m | 742,033 | 1.1m | 1.1m | 2.4m | 1.5m | 1.5m | 486,659 | 1.1m | 896,278 | 860,982 | 1.3m | 1.5m | 822,676 | 940,893 | -507,039 | -1.1m | |
9905 |
841,867 | 978,819 | 1.9m | 1.7m | 742,033 | 1.1m | 1.1m | 2.4m | 1.5m | 1.5m | 486,659 | 1.1m | 896,278 | 860,982 | 1.3m | 1.5m | 822,676 | 940,893 | -507,039 | -1.1m | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
841,867 | 978,819 | 1.9m | 1.7m | 742,033 | 1.1m | 1.1m | 2.4m | 1.5m | 1.5m | 486,659 | 1.1m | 896,278 | 860,982 | 1.3m | 1.5m | 170,773 | -651,903 | -1.6m | -1.1m | |
791/2 |
- | - | - | - | - | - | - | 823,717 | - | - | 6.2m | - | - | - | - | - | - | - | - | - | |
792 |
- | - | - | - | - | - | - | 823,717 | - | - | 6.2m | - | - | - | - | - | - | - | - | - | |
691/2 |
841,867 | 978,819 | 1.9m | - | - | - | 1.1m | - | 1.5m | 74,227 | 24,333 | 1.1m | 896,278 | 860,982 | 1.3m | 1.5m | 170,773 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 26,017 | 74,227 | 24,333 | 57,212 | 44,814 | 43,049 | 65,114 | 73,641 | 8,539 | - | - | - | |
6921 |
841,867 | 978,819 | 1.9m | - | - | - | 1.1m | - | 1.5m | - | - | 1.1m | 851,464 | 817,933 | 1.2m | 1.4m | 162,234 | - | - | - | |
694/7 |
- | - | - | 1.7m | 742,033 | 1.1m | - | 3.2m | - | 1.4m | 6.7m | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | 1.7m | 742,033 | 1.1m | - | 3.2m | - | 1.4m | 6.7m | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
167.2 | 171.1 | 160.1 | 148.4 | 150.5 | 147.8 | 152.9 | 157.4 | 153.7 | 153.7 | 154.6 | 149.2 | 143 | 142.8 | 136 | 125.7 | 126.5 | 126.1 | 139.5 | 154.9 | |
Men (FTE)1003 |
149.8 | 156.2 | 145.9 | 134 | 136.1 | 131.7 | 137 | 141.6 | 137.4 | 137.9 | 142.8 | 138.1 | 132 | 130.9 | - | - | - | - | - | - | |
Women (FTE)1003 |
17.4 | 14.9 | 14.2 | 14.4 | 14.3 | 16.1 | 15.9 | 15.8 | 16.3 | 15.8 | 11.8 | 11.1 | 11 | 11.9 | - | - | - | - | - | - | |
Agency workers1501 |
1.2 | 0.8 | - | - | - | 0.6 | 0.8 | 0.7 | 0.5 | 1.3 | 1.2 | 2.5 | 2.1 | 4.7 | - | 1.9 | 2.8 | 3.6 | 1.7 | 1.7 | |
Hours worked1013 |
274,457 | 286,090 | 265,549 | 244,440 | 250,369 | 231,716 | 252,338 | 262,804 | 254,901 | 257,867 | 254,759 | 246,676 | 236,831 | 238,395 | - | 210,511 | 207,485 | 210,572 | 234,510 | 258,219 | |
| Document | |||||||||||||||||||||
The accounts for 15 older financial years (1991-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 49 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 22-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 22-06-2026 | 2026-00194890 | |
| 31-12-2024 | full format | 06-08-2025 | 2025-00374286 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00165848 | |
| 31-12-2022 | full format | 08-06-2023 | 2023-00130099 | |
| 31-12-2021 | full format | 27-06-2022 | 2022-20146522 | |
| 31-12-2020 | full format | 24-06-2021 | 2021-27000563 | |
| 31-12-2019 | full format | 17-06-2020 | 2020-18600374 | |
| 31-12-2018 | full format | 10-07-2019 | 2019-31300238 | |
| 31-12-2017 | full format | 10-08-2018 | 2018-45900353 | |
| 31-12-2016 | full format | 29-06-2017 | 2017-27400095 | |
| 31-12-2015 | full format | 20-06-2016 | 2016-20500434 | |
| 31-12-2014 | full format | 13-07-2015 | 2015-30900046 | |
| 31-12-2013 | full format | 23-06-2014 | 2014-21400036 | |
| 31-12-2012 | full format | 24-06-2013 | 2013-22000324 | |
| 31-12-2011 | full format | 22-11-2012 | 2012-64400597 | |
| 31-12-2010 | full format | 15-07-2011 | 2011-31100370 | |
| 31-12-2009 | full format | 25-08-2010 | 2010-45400402 | |
| 31-12-2008 | full format | 14-07-2009 | 2009-40400112 | |
| 31-12-2007 | full format | 19-08-2008 | 2008-57800398 | |
| 31-12-2006 | full format | 31-08-2007 | 2007-65700269 | |
| 31-12-2005 | full format | 24-07-2006 | 2006-51602969 | |
| 31-12-2004 | full format | 30-09-2005 | 2005-77704822 | |
| 31-12-2003 | full format | 06-07-2004 | 2004-41101056 | |
| 31-12-2002 | full format | 31-07-2003 | 2003-58002525 | |
| 31-12-2001 | full format | 09-08-2002 | 2002-47001925 | |
| 31-12-2000 | full format | 27-07-2001 | 2001-44300609 | |
| 31-12-1999 | full format | 25-07-2000 | 2000-44900116 | |
| 31-12-1998 | full format | 30-07-1999 | 1999-37904464 | |
| 31-12-1997 | full format | 18-08-1998 | 1998-40505061 | |
| 31-12-1996 | full format | 22-12-1997 | 1997-58102894 | |
| 31-12-1995 | full format | 07-11-1996 | 1996-50104527 | |
| 31-12-1994 | full format | 13-07-1995 | 1995-39400217 | |
| 31-12-1993 | full format | 14-07-1994 | 1994-29604680 | |
| 31-12-1992 | full format | 02-07-1993 | 1993-22204221 | |
| 31-12-1991 | abbreviated format | 23-07-1992 | 1992-24000507 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €21,526 | €21,526 |
| 2024 | 3 | €17,623 | €17,623 |
| 2023 | 2 | €1,335 | €1,335 |
| 2022 | 1 | €7,924 | €7,924 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.8m | 1.9m | 3.3m | 2.7m | 1.5m | 1.8m | 2.2m | 3.7m | 2.7m | 2.7m | 957,604 | 1.8m | 1.8m | 1.7m | 1.7m | 2.6m | 1.5m | 1.4m | 39,742 | -694,481 | ||
| 1.2m | 1.3m | 2.2m | 1.9m | 962,911 | 1.4m | 1.4m | 2.7m | 1.8m | 1.8m | 715,842 | 1.3m | 1.0m | 994,172 | 1.5m | 1.6m | 977,014 | 1.1m | -314,785 | -905,207 | ||
| 351,700 | 415,014 | 980,031 | 315,979 | 178,295 | 265,330 | 144,918 | 444,832 | 431,450 | 1.0m | 403,999 | 285,749 | 196,175 | 99,963 | 216,804 | 147,106 | 193,651 | 106,392 | 86,537 | 265,089 | ||
| 202,947 | -17,949 | -381,362 | 859,313 | -36,737 | 223,312 | -33,589 | -68,159 | -333 | -526,277 | 191,032 | -1.6m | 2.1m | -966,178 | 143,765 | 673,414 | -575,737 | -1.1m | 1.7m | - | ||
| 25.3m | 23.1m | 19.7m | 14.5m | 11.9m | 11.6m | 11.4m | 10.3m | 9.9m | 9.2m | 7.5m | 18.0m | 17.4m | 14.6m | - | 11.9m | 11.1m | 10.0m | 6.6m | 8.2m | ||
| 2.0% | 2.1% | 4.4% | 4.0% | 2.3% | 2.9% | 3.4% | 5.2% | 3.8% | 3.9% | 1.4% | 3.6% | 3.5% | 3.6% | 4.3% | 6.9% | 4.3% | 3.5% | -0.4% | -2.4% | ||
| 26.1% | 24.3% | 25.1% | 21.6% | 26.9% | 27.0% | 27.2% | 21.5% | 28.9% | 20.5% | 16.6% | 40.5% | 34.7% | 36.6% | 34.4% | 34.1% | 26.2% | 20.5% | 14.0% | 17.2% | ||
| 2.86 | 2.49 | 2.43 | 1.94 | 2.02 | 1.95 | 1.93 | 1.71 | 1.92 | 1.68 | 1.42 | 3.67 | 3.00 | 2.93 | - | 3.01 | 2.63 | 2.12 | 1.46 | 1.71 | ||
| 2.50 | 2.16 | 2.07 | 1.63 | 1.66 | 1.69 | 1.57 | 1.49 | 1.64 | 1.52 | 1.16 | 3.10 | 2.44 | 2.42 | - | 2.63 | 2.13 | 1.71 | 1.33 | 1.30 | ||
| 2.82 | 3.12 | 2.98 | 3.61 | 2.71 | 2.71 | 2.68 | 3.65 | 2.46 | 3.87 | 5.03 | 1.47 | 1.88 | 1.73 | 1.91 | 1.93 | 2.82 | 3.88 | 6.16 | 4.82 | ||
| 7.9% | 10.0% | 21.8% | 24.4% | 10.8% | 16.4% | 16.3% | 41.0% | 23.0% | 29.3% | 11.2% | 10.9% | 9.6% | 10.1% | 17.1% | 23.3% | 17.0% | 23.4% | -16.4% | -30.2% | ||
| 2.1% | 2.4% | 5.5% | 5.3% | 2.9% | 4.4% | 4.4% | 8.8% | 6.7% | 6.0% | 1.8% | 4.4% | 3.3% | 3.7% | 5.9% | 7.9% | 4.4% | 4.8% | -2.3% | -5.2% | ||
| 9.98 | 12.42 | 37.58 | 35.97 | 17.80 | 19.89 | 24.13 | 38.45 | 27.26 | 24.93 | 7.36 | 13.35 | 5.86 | 8.33 | 11.06 | 12.87 | 6.62 | 3.48 | 0.07 | -1.96 | ||
| 72 days | 95 days | 95 days | 100 days | 78 days | 69 days | 86 days | 71 days | 47 days | 97 days | 102 days | 79 days | 82 days | 78 days | 89 days | 75 days | 78 days | 71 days | 99 days | 83 days | ||
| 46 days | 50 days | 51 days | 58 days | 43 days | 60 days | 54 days | 43 days | 42 days | 45 days | 72 days | 29 days | 44 days | 51 days | 34 days | 39 days | 46 days | 40 days | 48 days | 64 days |
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 170 | 177 | 173 | 152 | 157 |
| full-time | 144 | 151 | 146 | 129 | 134 |
| part-time | 26 | 26 | 27 | 23 | 23 |
| in full-time equivalents | 163.7 | 171.3 | 166 | 146.7 | 151.7 |
| 167.2 | 171.1 | 160.1 | 148.4 | 150.4 | |
| On a permanent contract | 170 | 177 | 173 | 152 | 157 |
| Joined | 21 | 34 | 46 | 32 | 17 |
| Left | 28 | 30 | 25 | 37 | 17 |
| Agency workers, average number | 1.2 | 0.8 | - | - | - |
| Training hours | 19,528 | 11,423 | 7,476 | - | 5,659 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €350,656 | €415,014 | €980,031 | €315,979 | €118,881 |
| Intangible fixed assets | €1,044 | - | - | - | €59,414 |
| €347,181 | €335,480 | €285,980 | €203,905 | €220,877 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €36,870 | €35,000 | €35,000 | €33,000 | €33,000 |
| Other work by the auditor | €372 | €4,585 | €2,421 | €3,228 | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2025 is 8% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 75.6% to 73.7%. Equity is higher and debt is lower.
Deed of 01-12-2025Reappointment: Mercken & Co bvba (statutory auditor)
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in its own 2013 accounts. Every holding stands with its own latest accounts.
| Simac Holding Belgium
registered office since 20-02-1990 · founded in 1978 |
turnover €175,000 (2025) 0418.390.692 |
| Name | 2012 | 2013 |
|---|---|---|
| CIRCET BELGIUM | 0.01% | |
Source: list of holdings in its own accounts
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Simac NV registered office Industrieweg 8, 3001 Leuven | 10-06-1998 | 2.049.671.861 |
| Rue de Marche 167 6600 Bastogne | 01-07-2017 | 2.296.491.034 |
| Bosstraat 54 3560 Lummen | 01-06-2019 | 2.296.491.232 |
| 22-05-2026 | Granted | Een grond gebruiken, aanleggen of inrichten; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 12-12-2025 · project 2024025702 | Leuven |
| 06-12-2023 | Discontinued | Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden; Verbouwen / Wijzigen Infrastructuur; Wijzigen van een publiciteitsinrichting submitted 01-02-2023 · project 2019040418 | Provincie Vlaams-Brabant |
| 28-06-2019 | Granted | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten; Slopen of verwijderen; Verwijderen van vrijstaande gebouwen submitted 08-04-2019 · project 2019040420 | Leuven |
| 26-03-2019 | Discontinued | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten; Slopen of verwijderen; Verwijderen van vrijstaande gebouwen submitted 25-02-2019 · project 2019003444 | Leuven |
| 21-03-2019 | Discontinued | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten; Slopen of verwijderen; Verwijderen van vrijstaande gebouwen submitted 11-03-2019 · project 2019026978 | Leuven |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24514B0176/00C000 | 1.1 ha | 1 · 74 m² | 6.6 m · 2 |
| 71037C2733/00K000 | 4,960 m² | 1 · 1,570 m² | 14.7 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0441.532.023
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