Checked.be
Active
BE 0540.755.105Private limited companyOpen bankruptcy
SIMAO CONSTRUCT
Keizerslaan 10 ·1000 Brussel, Belgium· 12 yrs active
Sector: Other specialised construction activities
(43990)
Conclusion
A bankruptcy procedure is open for SIMAO CONSTRUCT according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €134k and a net result of €18k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €134k |
| Net result | €18k |
| Better than sector | 61% |
| Active | 12 yrs |
Financial profile
53
/ 100
Mixed profile: strong on solvency, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
24
Profitability
68
Solvency
97
Growth
78
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
24
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
66
2022
100
2023
93
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.27 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.27 (≥ 1.0)
+5
Leverage
Debt/equity 0.78 (< 1.0)
+10
Profitability
ROE 14% (≥ 10%)
+10
Interest coverage
Interest coverage 412.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Bankruptcy
Open bankruptcy
-60
Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 02-06-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 56.2% | 46.6% | |
| Net result | €18k | €9k | |
| Equity | €134k | €58k | |
| Gross operating margin | €230k | €38k | |
| Staff costs | €194k | €40k |
€36k
-61.0%
22-24
€18k
-70.8%
22-24
€21k
-69.6%
22-24
€238k
+6.5%
22-24
€134k
+15.7%
22-24
€132k
+18.3%
22-24
5
-16.7%
22-24
€194k
+35.0%
22-24
€15k
-34.8%
22-24
€104k
-3.4%
22-24
€104k
-3.4%
22-24
2.27
+11.4%
22-24
2.27
+11.4%
22-24
56.2%
+8.6%
22-24
0.78
-16.5%
22-24
13.5%
-74.7%
22-24
7.6%
-72.6%
22-24
412.66
+70.4%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €36k | €91k | €34k |
| Net profit | €18k | €62k | €2k |
| Cash flow | €21k | €68k | €8k |
| Staff costs | €194k | €144k | €163k |
| Income taxes | €15k | €23k | €26k |
| Dividends | - | - | - |
| Total assets | €238k | €224k | €137k |
| Equity | €134k | €116k | €54k |
| Debt | €104k | €108k | €84k |
| of which ≤ 1y | €104k | €108k | €84k |
| of which > 1y | - | - | - |
| Working capital | €132k | €112k | €39k |
| Employees (FTE) | - | 5.0 | 6.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 2.27 | 2.04 | 1.46 |
| Quick ratio | 2.27 | 2.04 | 1.46 |
| Working capital ratio | 55.5% | 50.0% | 28.3% |
| Solvency | 56.2% | 51.7% | 39.1% |
| Debt / equity | 0.78 | 0.93 | 1.56 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 412.66 | 242.11 | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 7.6% | 27.7% | 1.3% |
| ROE | 13.5% | 53.6% | 3.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €238k | €224k | €137k |
| Fixed assets | 21/28 | €2k | €4k | €15k |
| Tangible fixed assets | 22/27 | €2k | €4k | €15k |
| Current assets | 29/58 | €236k | €220k | €122k |
| Amounts receivable within one year | 40/41 | €134k | €84k | €63k |
| Cash & bank | 54/58 | €102k | €135k | €59k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €238k | €224k | €137k |
| Equity | 10/15 | €134k | €116k | €54k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €31k | €31k | €31k |
| Accumulated profits (losses) | 14 | €84k | €66k | €4k |
| Amounts payable | 17/49 | €104k | €108k | €84k |
| Amounts payable within one year | 42/48 | €104k | €108k | €84k |
| Trade debts payable within one year | 44 | €24k | €12k | €7k |
| Income statement | ||||
| Gross operating margin | 9900 | €230k | €248k | €198k |
| Operating result | 9901 | €33k | €85k | €28k |
| Financial income | 75 | €20 | - | - |
| Financial charges | 65 | €87 | €378 | - |
| Result before taxes | 9903 | €33k | €85k | €28k |
| Income taxes | 67/77 | €15k | €23k | €26k |
| Net result for the period | 9904 | €18k | €62k | €2k |
| Result to be appropriated | 9905 | €18k | €62k | €2k |
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | LUCILLE BERMOND CHAUSSEE DE LA HULPE 187,
1170 WATERMAEL-BOITSFORT |
04-07-2025 → present |
Legal Structure
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 11-10-2013 |
| Status | Active |
| Postal code | 1000 |
| First insolvency signal | 14-07-2025 |
| Latest insolvency signal | 14-07-2025 |
Establishment units
SIMAO CONSTRUCT
since 20172.260.057.339
Real-estate footprint
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 41042D0595/00P000 | Flanders | 250 m² | 1 · 125 m² | 9.7 m · 1 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
14-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SIMAO CONSTRUCT BOULEVARD DE L’EMPEREUR 10, 1000 BRUXELLES · event 04-07-2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
08-04
State Gazette act
Registered-office change
2023
31-12
Financial
Highest result since 2022net €62k ▲3293%
Operating result €85k, net result €62k, both a record.
31-12
Financial
Equity above €100kEq €116k ▲116%
2 profitable years in a row build equity to €116k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 86 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 72 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 181 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 81 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
14-07-2025
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
08-04-2024
Registered-office move
All acts · 1
updated 2 years ago
2024
08-04-2024 Registered office moved from Anderlecht to Bruxelles
- Rue Bara 57, 1070 Anderlecht → Boulevard de l'Empereur 10 1000 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Boulevard de l\u0027Empereur 10\n1000 Bruxelles",
"city": "Bruxelles",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Boulevard de l\u0027Empereur",
"country": "BE",
"postcode": "1000",
"box_number": null,
"street_number": "10",
"locality_suffix": null
},
"old_address": {
"raw": "Rue Bara 57, 1070 Anderlecht",
"city": "Anderlecht",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Rue Bara",
"country": "BE",
"postcode": "1070",
"box_number": null,
"street_number": "57",
"locality_suffix": null
},
"effective_date": "2024-03-28",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": null,
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-03-28",
"unanimous": null
},
"subject_company": {
"kbo": "0540.755.105",
"name_full": "SIMAO CONSTRUC\u0422",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Simaozinho Pereira Filipe",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Other specialised construction activities43990Specialised construction activities43999
Names & trade names
| Legal nameNL | SIMAO CONSTRUCT |
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