Equity
€931,923 ▲ 9.2%
SIMAR has made a profit without a break since 2022.
SIMAR
Lifetime
19 annual accounts with figures on one time axis, 39 filings since 1986Gross marginpeak €1.0m (2015)
€432,219▼ 41.2%
Resultlowest -€67,105 (2021)
€69,892▲ 312%
Equitypeak €971,543 (2017)
€931,923▲ 9.2%
Debts
€381,457▼ 43.9%
Staffpeak 19.8 FTE (2009)
6.7 FTE▼ 46.8%
Board1 name since 1994
1 directorSIMAR Yves
Documentsfilings and deeds
22-06-202639 days before the deadline
2025abbreviated format
Gross margin from €734,507 to €432,219Result from €16,972 to €69,892Staff from 12.6 FTE to 6.7 FTEAmendment of the articles 11-12Debts from €680,547 to €381,457Cash from €127,803 to €239,718
Key points
from the 2025 annual accountsTurnover
≈ €1.1m estimated
The accounts state no turnover.
Staff
6.7 FTE from 19.8 in 2009
Between 2009 and 2025, 66% of the full-time equivalents disappeared.
Liquidity
3.34 was 2.42 in 2024
Short-term debts fell from €329,402 to €209,954.
Filings
39 annual accounts 40 filings since 1986
The last five annual accounts were filed 25 to 41 days before the end of the period.
Position in the sector
€931,923
More equity than 85% of companies in specialised construction. Sector median €251,011 · 9,928 companies.
Checked score
96
Excellent
Financially stronger than 64% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,685 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.2%▼ -0.2 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 3.34, cash €239,718
Founded in 1985
Equity €931,923 (69.5% of total assets)
Calculation
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 43, micro). It does better than 75% of them on solvency, 67% on liquidity and 49% on profitability.
The bankruptcy probability was computed on 04-11-2026 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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as SIMAR has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIMAR itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for SIMAR. 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.
Credit verdict
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.34, above the usual 1.5. Short-term debt is 15.6% and cash 17.9% of total assets. 30.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2025
4 days early
2024
41 days early
2023
36 days early
2022
25 days early
2021
27 days early
2020
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Amendment of the articles
General meeting of 24-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0428289741
First establishment
Rue Béribou 6, Verviers
Incorporation
published on 17-01-1986 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SIMAR Verviers | €1.3m | €432,219 | 69.5% | 6.7 |
| GOEMAERE INSTALLATIEBEDRIJF Diksmuide | €1.2m | €531,578 | 62.5% | 6.3 |
| SANIVIDAK Aalter | €1.5m | €550,113 | 50.3% | 7.4 |
| VAN gUCHT Puurs-Sint-Amands | €1.5m | €549,893 | 39.5% | 6.9 |
| P.D.K. PREMEREUR Geraardsbergen | €1.4m | €451,898 | 85.2% | 5 |
| D'HONDT Dendermonde | €1.4m | €384,241 | 51.0% | 5.1 |
| Vranken Aarschot | €1.2m | €506,453 | 26.7% | 6.3 |
These companies have the same main activity as SIMAR: plumbing work (NACE 43221). They are comparable in size and age: total assets between €1.2m and €1.5m, founded between 1975 and 1992.
Official details
Source: KBO- Status
- Active since 23-12-1985Normal situation
- Activity
- Plumbing workNACE 43221and 2 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.028.558.2284800 Verviers, since 01-01-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Annual accounts 2025
- Total assets
- €1.3m▲ 5.2%
- Employeeson 31-12-2025
- 6▼ 25.0%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on SIMAR
SIMAR files the abbreviated format. That format states no turnover. The gross margin fell from €669,140 in 2007 to €432,219 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIMAR
- What is the company number of SIMAR?
- The company number of SIMAR is 0428.289.741. The VAT number is the same number with BE in front: BE 0428.289.741.
- Where is SIMAR based?
- The registered office is at Rue Béribou 6, 4800 Verviers.Company details
- What does SIMAR do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of SIMAR?
- SIMAR is a private limited company (pre-2019) (BVBA).
- When was SIMAR founded?
- SIMAR was founded on 23-12-1985.
- Is SIMAR still active?
- Yes, SIMAR is an active enterprise in the KBO register.
- How many employees does SIMAR have?
- SIMAR had an average of 6.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SIMAR fall under?
- In its 2025 annual accounts, SIMAR states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SIMAR?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €432,219 and 45 comparable companies (NACE 432). It probably lies between €940,000 and €1.4m. In financial year 2021 turnover was €1.7m.
- Is SIMAR profitable?
- In financial year 2025, SIMAR made a profit of €69,892.
- Where can I find the annual accounts of SIMAR?
- SIMAR filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.