Simar
ActiveSummary
Simar has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,873 and a net result of €3,603. Equity is shrinking by about 4.3% per year across the filed financial years. Its solvency ranks better than 32% of 2,068 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €47,873
- Profit
- €3,603
- Board
- 9 members
Why 91raises riskLegal form: cooperative companylowers riskSector: Crop and animal production, hunting and related service activities (NACE 01)Size: turnover €119,886, total assets €180,642Liquidity: current ratio 0.82, cash €21,528Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 01, micro): better than 41% on solvency, 39% on liquidity, 75% on profitability and 46% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
- Appointments: Eli Boon, Pieter D'Hooghe and…Resignations: Luc D'Hooghe, Johan Rooms…
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €3,603
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €6,576 after a loss of €2,365 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 01, Crop and animal production, hunting and related service 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).
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96.9% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 4,508 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €80,941 | €86,711 | €84,418 | €86,088 | €88,130 | €113,781 | €89,578 | €119,886 | ▲ 33.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €41,784 | €42,481 | €67,875 | €41,584 | €77,262 | ▲ 85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,889 | €46,070 | €47,672 | €46,412 | €50,717 | €49,036 | €49,764 | €35,794 | ▼ 28.1% |
| Other operating charges640/8 | - | - | - | €220 | €222 | €232 | €361 | €254 | ▼ 29.5% |
| Gross operating margin9900 | €52,146 | €69,615 | €43,952 | €45,168 | €45,648 | €45,514 | €47,760 | €42,624 | ▼ 10.8% |
| Operating profit (loss)9901 | €8,026 | €23,313 | -€3,840 | -€1,464 | -€5,290 | -€3,754 | -€2,365 | €6,576 | - |
| Financial income75/76B | - | - | - | €3,620 | €3,620 | €3,095 | €0 | - | - |
| Recurring financial income75 | €4,620 | €1,620 | €6,620 | €3,620 | €3,620 | €3,095 | €0 | - | - |
| Non-recurring financial income76B | - | - | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €2,497 | €2,174 | €2,632 | €2,407 | €2,973 | ▲ 23.5% |
| Recurring financial charges65 | €2,998 | €3,648 | €3,113 | €2,497 | €2,174 | €2,632 | €2,407 | €2,758 | ▲ 14.6% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €214 | - |
| Profit (loss) for the period before taxes9903 | €9,649 | €21,285 | -€332 | -€342 | -€3,844 | -€3,290 | -€4,771 | €3,603 | - |
| Income taxes67/77 | €7,840 | €5,305 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €1,809 | €15,980 | -€332 | -€342 | -€3,844 | -€3,290 | -€4,771 | €3,603 | - |
| Profit (loss) for the period to be appropriated9905 | €1,809 | €15,980 | -€332 | -€342 | -€3,844 | -€3,290 | -€4,771 | €3,603 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €302,661 | €262,624 | €250,256 | €208,172 | €195,124 | €181,592 | €132,385 | €180,642 | ▲ 36.5% |
| Fixed assets21/28 | €180,526 | €161,801 | €148,279 | €112,767 | €124,507 | €118,422 | €97,998 | €113,705 | ▲ 16.0% |
| Tangible fixed assets22/27 | €180,526 | €161,801 | €148,279 | €112,767 | €124,507 | €118,422 | €97,998 | €113,705 | ▲ 16.0% |
| Land and buildings22 | - | - | - | €7,761 | €5,821 | €3,881 | €1,940 | - | - |
| Plant, machinery and equipment23 | - | - | - | €105,006 | €118,686 | €114,541 | €96,058 | €113,705 | ▲ 18.4% |
| Current assets29/58 | €122,135 | €100,823 | €101,977 | €95,404 | €70,617 | €63,171 | €34,387 | €66,938 | ▲ 94.7% |
| Amounts receivable within one year40/41 | €33,313 | €10,161 | €25,328 | €14,070 | €51,514 | €57,207 | €17,425 | €45,409 | ▲ 161% |
| Trade receivables40 | - | - | - | €5,186 | €33,112 | €36,765 | €15,438 | €37,545 | ▲ 143% |
| Other amounts receivable41 | - | - | - | €8,884 | €18,403 | €20,442 | €1,987 | €7,865 | ▲ 296% |
| Cash at bank and in hand54/58 | €88,822 | €90,661 | €76,649 | €81,334 | €19,103 | €5,963 | €16,962 | €21,528 | ▲ 26.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €302,661 | €262,624 | €250,256 | €208,172 | €195,124 | €181,592 | €132,385 | €180,642 | ▲ 36.5% |
| Equity10/15 | €78,108 | €92,468 | €94,065 | €90,891 | €87,427 | €81,041 | €77,270 | €47,873 | ▼ 38.0% |
| Contributions10/11 | €45,000 | €45,000 | - | €47,000 | €51,000 | €51,000 | €52,000 | €19,000 | ▼ 63.5% |
| Profit (loss) carried forward14 | €21,870 | €37,850 | €37,517 | €37,176 | €33,331 | €30,041 | €25,270 | €28,873 | ▲ 14.3% |
| Investment grants15 | - | - | - | €6,715 | €3,095 | - | - | - | - |
| Amounts payable17/49 | €224,553 | €170,156 | €156,191 | €117,280 | €107,697 | €100,551 | €55,116 | €132,769 | ▲ 141% |
| Amounts payable after more than one year17 | €95,603 | €115,139 | €91,507 | €47,184 | €45,162 | €40,396 | €33,420 | €51,187 | ▲ 53.2% |
| Financial debts170/4 | - | - | - | €47,184 | €45,162 | €40,396 | €33,420 | €51,187 | ▲ 53.2% |
| Amounts payable within one year42/48 | €128,950 | €55,017 | €64,684 | €70,096 | €62,536 | €60,155 | €21,696 | €81,582 | ▲ 276% |
| Current portion of amounts payable after more than one year42 | - | - | - | €56,816 | €56,509 | €35,644 | €20,831 | €17,394 | ▼ 16.5% |
| Trade debts44 | €89,669 | €3,498 | €11,249 | €13,280 | €6,027 | €24,512 | €865 | €31,188 | ▲ 36× |
| Suppliers440/4 | - | - | - | €13,280 | €6,027 | €24,512 | €865 | €31,188 | ▲ 36× |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €33,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,809 | €15,980 | -€332 | -€342 | -€3,844 | -€3,290 | -€4,771 | €3,603 | - |
| + Depreciation and write-downs630 | €43,889 | €46,070 | €47,672 | €46,412 | €50,717 | €49,036 | €49,764 | €35,794 | ▼ 28.1% |
| Operating cash flow (approximation) | €45,698 | €62,049 | €47,340 | €46,070 | €46,872 | €45,745 | €44,993 | €39,397 | ▼ 12.4% |
| Investment in fixed assets (approximation) | - | -€27,344 | -€34,151 | -€10,900 | -€62,457 | -€42,950 | -€29,341 | -€51,500 | ▼ 75.5% |
| Change in cash | - | €1,840 | -€14,013 | €4,686 | -€62,231 | -€13,139 | €10,998 | €4,566 | ▼ 58.5% |
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 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-05-2026 | 2026-00112925 |
| 31-12-2024 | abbreviated format | 21-06-2025 | 2025-00161108 |
| 31-12-2023 | abbreviated format | 18-06-2024 | 2024-00141929 |
| 31-12-2022 | micro format | 21-06-2023 | 2023-00143807 |
| 31-12-2021 | micro format | 15-06-2022 | 2022-20066260 |
| 31-12-2020 | micro format | 16-09-2021 | 2021-67500195 |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34400455 |
| 31-12-2018 | micro format | 26-04-2019 | 2019-12400587 |
| 31-12-2017 | abbreviated format | 15-05-2018 | 2018-12800552 |
| 31-12-2016 | micro format | 17-05-2017 | 2017-12600144 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Show all 9 directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Broederscholen Hiëronymus |
|
| Geert Van Damme |
|
| Katholiek Onderwijs Land van Waasfrom an act |
|
| Luc D’Hooghe |
|
| Mario Vermeulen |
|
| Roeland Schelfaut |
|
| Bart Heyrman |
|
| Eli Boon |
|
| Pieter D'Hooghe |
|
| Achiel Verbeke |
|
| Johan Rooms |
|
Owners and capital
Capital and shareholders
- 19-12-2023 Converted to unavailable equity
Group and network
Connections & network
9 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-10
Gazette deed
Appointments: Eli Boon, Pieter D'Hooghe and Bart HeyrmanResignations: Luc D'Hooghe, Johan Rooms and Achiel Verbeke7 facts ▸
- General meeting, 17-09-2026
- Director appointment, Eli Boon (director)
- Director appointment, Pieter D'Hooghe (director)
- Director appointment, Bart Heyrman (director)
- Director resignation, Luc D'Hooghe (director)
- Director resignation, Johan Rooms (director)
- Director resignation, Achiel Verbeke (director)
19-12
Gazette deed
Reappointments: Katholiek Onderwijs Land van Waas, Luc D’Hooghe and 5 othersKind of shares · Amendment of the articles · Capital conversion17 facts ▸
- Kind of shares, “schrapping categorie B-aandelen, B” (deed in Dutch)
- Other provision, “geen B-aandelen gecreëerd zonder financiële gevolgen” (deed in Dutch)
- Amendment of the articles (2 times)
- Other provision, “behoud rechtsvorm coöperatieve vennootschap, voorwerp,doelen,finaliteit en waarden beantwoorden aan voorwaarden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “nieuwe WVV-terminologie sedert 2020-01-01, bestuurder” (deed in Dutch)
- Director reappointment, Katholiek Onderwijs Land van Waas (statutory director)
- Director reappointment, Luc D’Hooghe (director (not named in the articles))
- Director reappointment, Johan Rooms (director (not named in the articles))
- Director reappointment, Roeland Schelfaut (director (not named in the articles))
- Director reappointment, Geert Van Damme (director (not named in the articles))
- +5 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46444D0298/00B000 | Flanders | 3.5 ha | 1 · 3,487 m² | 10.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle verrichtingen die rechtstreeks of onrechtstreeks de uitbating van de bedrijven van de aandeelhouders kunnen optimaliseren,onder meer…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Alle verrichtingen die rechtstreeks of onrechtstreeks de uitbating van de bedrijven van de aandeelhouders kunnen optimaliseren,onder meer door het ter beschikking stellen van landbouwmachines voor het uitvoeren van landbouwwerken door leden aandeelhouders,landbouwers in hoofd- en bijberoep,alsook de gezamenlijke aankoop van goederen en diensten.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SIMAR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht onder levenden of overgang door overlijden aan derde, bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of April at 20:00