SIMAO CONSTRUCT
Open bankruptcyFinancials · financial year 2024, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€879,798▼ 57.1%
2019 · €2.1m
EBIT margin
1.8%▼ 3.1pp
2019 · 4.9%
Net result
€18,104▼ 70.8%
2023 · €61,974
Working capital
€132,111▲ 18.3%
2023 · €111,669
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 61% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.9m
2021
Operating result€0.03m
2024
Net result€0.02m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.2m
2024
Equity€0.1m
2024
Debt€0.1m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.1m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.8%
2021
Return on assets (ROA)7.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency56.2%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.27
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)5
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€2.1m€0.9m
Operating result€0.008m-€0.1m▲ 1,179%€0.2m▲ 56.2%€0.02m▼ 90.0%€0.03m▲ 81.8%€0.09m▲ 201%€0.03m▼ 61.2%
Net result€0.003m--€0.001m€0.06m-€0.03mbelow the sector's middle half€0.002mwithin the sector's middle half€0.06mabove the sector's middle half▲ 3,293%€0.02mwithin the sector's middle half▼ 70.8%
EBIT margin4.9%1.8%
Equity€0.2m-€0.2m▼ 0.4%€0.2m=€0.05mwithin the sector's middle half▼ 67.5%€0.05mwithin the sector's middle half▲ 3.5%€0.1mwithin the sector's middle half▲ 116%€0.1mwithin the sector's middle half▲ 15.7%
Total assets€0.3m-€0.4m▲ 15.7%€0.4m=€0.1mwithin the sector's middle half▼ 59.8%€0.1mwithin the sector's middle half▼ 5.3%€0.2mwithin the sector's middle half▲ 62.9%€0.2mwithin the sector's middle half▲ 6.5%
Debt€0.2m-€0.2m▲ 32.8%€0.2m=€0.09m▼ 53.7%€0.08m▼ 10.2%€0.1m▲ 29.1%€0.1m▼ 3.4%
Working capital€0.2m-€0.2m▼ 3.0%€0.2m=€0.03mwithin the sector's middle half▼ 79.2%€0.04mwithin the sector's middle half▲ 21.6%€0.1mabove the sector's middle half▲ 188%€0.1mabove the sector's middle half▲ 18.3%
Solvency51.4%-44.2%▼ 7.2pp44.2%=35.8%within the sector's middle half▼ 8.5pp39.1%within the sector's middle half▲ 3.3pp51.7%within the sector's middle half▲ 12.6pp56.2%within the sector's middle half▲ 4.5pp
Current ratio2.05-1.77▼ 0.281.77=1.34within the sector's middle half▼ 0.421.46within the sector's middle half▲ 0.122.04within the sector's middle half▲ 0.572.27within the sector's middle half▲ 0.23
Return on assets (ROA)1.1%--0.2%▼ 1.3pp16.5%▲ 16.7pp-22.8%below the sector's middle half▼ 39.2pp1.3%within the sector's middle half▲ 24.1pp27.7%above the sector's middle half▲ 26.4pp7.6%within the sector's middle half▼ 20.1pp
Staff (FTE)1.8-65▼ 16.7%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €237,941
Fixed assets
€1,602 ▼ 59.3%
Current assets
€236,339 ▲ 7.6%
Equity and liabilities €237,941
Equity
€133,713 ▲ 15.7%
Debt
€104,228 ▼ 3.4%
Debt's share of the balance-sheet total falls from 48.3% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,695▼
2023 · €91,428
Cash flow
€20,772▼
2023 · €68,266
Debt to equity
0.78▼
2023 · 0.93
ROE
13.5%▼
2023 · 53.6%
Interest coverage
over 100
2023 · over 100
Debt ≤ 1 year
€104,228▼
2023 · €107,891
Income taxes
€14,856▼
2023 · €22,784
Staff costs
€193,983▲
2023 · €143,725
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €2.1m | - | €0.9m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.6m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.002m | €0.003m | €0.006m | €0.006m | €0.006m | €0.003m | ▼ 57.6% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.01m | €0.001m | ▼ 96.1% |
| Gross operating margin9900 | €0.09m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 7.2% |
| Operating profit (loss)9901 | €0.008m | €0.1m | €0.2m | €0.02m | €0.03m | €0.09m | €0.03m | ▼ 61.2% |
| Financial income75/76B | - | - | - | - | - | - | €20 | - |
| Recurring financial income75 | - | - | - | - | - | - | €20 | - |
| Financial charges65/66B | - | - | - | €35 | - | €378 | €87 | ▼ 77.1% |
| Recurring financial charges65 | €0.004m | €190 | €265 | €35 | - | €378 | €87 | ▼ 77.1% |
| Profit (loss) for the period before taxes9903 | €0.004m | €0.1m | €0.1m | €0.02m | €0.03m | €0.08m | €0.03m | ▼ 61.1% |
| Income taxes67/77 | €0.001m | €0.1m | €0.1m | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 34.8% |
| Profit (loss) for the period9904 | €0.003m | -€0.001m | €0.06m | -€0.03m | €0.002m | €0.06m | €0.02m | ▼ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €0.003m | -€0.001m | €0.06m | -€0.03m | €0.002m | €0.06m | €0.02m | ▼ 70.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €311,295 | €360,168 | €360,168 | €144,834 | €137,199 | €223,500 | €237,941 | ▲ 6.5% |
| Fixed assets21/28 | €1,617 | €5,630 | €14,915 | €19,900 | €14,828 | €3,940 | €1,602 | ▼ 59.3% |
| Tangible fixed assets22/27 | €1,617 | €5,630 | €14,915 | €19,900 | €14,828 | €3,940 | €1,602 | ▼ 59.3% |
| Furniture and vehicles24 | - | - | - | €19,900 | €14,828 | €3,940 | €1,602 | ▼ 59.3% |
| Current assets29/58 | €309,677 | €354,538 | €354,538 | €124,934 | €122,371 | €219,560 | €236,339 | ▲ 7.6% |
| Amounts receivable within one year40/41 | €309,247 | €314,557 | €314,557 | €38,416 | €62,991 | €84,380 | €134,363 | ▲ 59.2% |
| Trade receivables40 | - | - | - | €11,553 | €11,097 | €6,044 | €1,853 | ▼ 69.3% |
| Other amounts receivable41 | - | - | - | €26,863 | €51,895 | €78,337 | €132,510 | ▲ 69.2% |
| Cash at bank and in hand54/58 | €431 | €39,981 | €39,981 | €86,518 | €59,380 | €135,180 | €101,975 | ▼ 24.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €311,295 | €360,168 | €360,168 | €144,834 | €137,199 | €223,500 | €237,941 | ▲ 6.5% |
| Equity10/15 | €160,006 | €159,310 | €159,310 | €51,808 | €53,634 | €115,609 | €133,713 | ▲ 15.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €31,049 | €31,049 | €31,049 | €31,049 | €31,049 | €31,049 | €31,049 | = |
| Non-distributable reserves130/1 | - | - | - | €31,049 | €31,049 | €31,049 | €31,049 | = |
| Legal reserve130 | - | - | - | €31,049 | €31,049 | €31,049 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €31,049 | - |
| Profit (loss) carried forward14 | €110,357 | €109,661 | €110,357 | €2,159 | €3,985 | €65,960 | €84,064 | ▲ 27.4% |
| Amounts payable17/49 | €151,289 | €200,858 | €200,858 | €93,026 | €83,565 | €107,891 | €104,228 | ▼ 3.4% |
| Amounts payable within one year42/48 | €151,289 | €200,858 | €200,858 | €93,026 | €83,565 | €107,891 | €104,228 | ▼ 3.4% |
| Financial debts43 | - | - | - | €20,650 | €13,650 | €13,650 | €13,650 | = |
| Credit institutions430/8 | - | - | - | €20,650 | €13,650 | €13,650 | €13,650 | = |
| Trade debts44 | €5,637 | €82,670 | €97,658 | €23,276 | €7,133 | €11,856 | €24,182 | ▲ 104% |
| Suppliers440/4 | - | - | - | €23,276 | €7,133 | €11,856 | €24,182 | ▲ 104% |
| Taxes, remuneration and social security45 | - | - | - | €49,050 | €61,914 | €81,782 | €60,913 | ▼ 25.5% |
| Taxes450/3 | - | - | - | €31,105 | €40,090 | €49,283 | €33,007 | ▼ 33.0% |
| Remuneration and social security454/9 | - | - | - | €17,946 | €21,824 | €32,499 | €27,906 | ▼ 14.1% |
| Other amounts payable47/48 | - | - | - | €50 | €868 | €604 | €5,483 | ▲ 808% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,379 | -€696 | €59,275 | -€32,998 | €1,826 | €61,974 | €18,104 | ▼ 70.8% |
| + Depreciation and write-downs630 | €1,226 | €1,900 | €2,627 | €6,095 | €6,146 | €6,291 | €2,667 | ▼ 57.6% |
| Operating cash flow (approximation) | €4,605 | €1,204 | €61,902 | -€26,903 | €7,972 | €68,266 | €20,772 | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | -€5,912 | -€11,912 | -€11,081 | -€1,074 | €4,596 | -€329 | - |
| Change in cash | - | €39,550 | €0 | €46,537 | -€27,138 | €75,800 | -€33,204 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 02-06-2025 | 2025-00128432 |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00220876 |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131332 |
| 31-12-2021 | micro format | 28-08-2022 | 2022-20410900 |
| 31-12-2020 | micro format | 28-09-2021 | 2021-68900383 |
| 31-12-2019 | micro format | 25-10-2020 | 2020-63800418 |
| 31-12-2018 | full format | 11-10-2019 | 2019-70100299 |
| 31-12-2017 | abbreviated format | 28-01-2019 | 2019-02300264 |
| 31-12-2016 | full format | 24-08-2017 | 2017-48300373 |
| 31-12-2015 | full format | 20-10-2016 | 2016-66000318 |
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Of the 15,151 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,362. 6,101 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.