SIMAR² COMPONENTS
Open bankruptcySummary
A bankruptcy procedure is open for SIMAR² COMPONENTS according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-75k) and a net result of €-111k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€426k▲ 5.5%
2020 · €403k
2019: €86klowest in 3 years
2020: €403k▲ +367% vs 2019
2021: €426k▲ +5.5% vs 2020highest in 3 years
2019 → 2021
EBIT margin
-18.7%▲ 3.9pp
2020 · -22.6%
2019: -84.4%lowest in 3 years
2020: -22.6%▲ +73.2% vs 2019
2021: -18.7%▲ +17.4% vs 2020highest in 3 years
2019 → 2021
Net result
€-111k▼ 22.5%
2020 · €-91k
2019: €-87khighest in 3 years
2020: €-91k▼ -4.9% vs 2019
2021: €-111k▼ -22.5% vs 2020lowest in 3 years
2019 → 2021
Working capital
€-73k▲ 54.0%
2020 · €-159k
2019: €-216klowest in 3 years
2020: €-159k▲ +26.7% vs 2019
2021: €-73k▲ +54.0% vs 2020highest in 3 years
2019 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€86k-€403k▲ 367%€426k▲ 5.5%
2019: €86klowest in 3 years
2020: €403k▲ +367% vs 2019
2021: €426k▲ +5.5% vs 2020highest in 3 years
Equity€-25k-€-116k▼ 360%€-75k▲ 35.2%
2019: €-25khighest in 3 years
2020: €-116k▼ -360% vs 2019lowest in 3 years
2021: €-75k▲ +35.2% vs 2020
Operating result€-73k-€-91k▼ 25.2%€-80k▲ 12.8%
2019: €-73khighest in 3 years
2020: €-91k▼ -25.2% vs 2019lowest in 3 years
2021: €-80k▲ +12.8% vs 2020
Net result€-87k-€-91k▼ 4.9%€-111k▼ 22.5%
2019: €-87khighest in 3 years
2020: €-91k▼ -4.9% vs 2019
2021: €-111k▼ -22.5% vs 2020lowest in 3 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €80k in 2021 against €91k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.00M
Fixed assets
€770k ▲ 10.7%
Current assets
€231k ▲ 115%
Key figures and ratios
EBITDA
€61k▲
2020 · €46k
Cash flow
€29k▼
2020 · €47k
Solvency
-6.9%▲
2020 · -12.5%
Current ratio
0.76▲
2020 · 0.40
Quick ratio
0.36▲
2020 · 0.21
Debt to equity
-15.48▼
2020 · -6.70
ROA
-10.2%▼
2020 · -9.8%
Interest coverage
1.59▲
2020 · 1.54
Debt
€1.17M▲
2020 · €1.04M
Debt ≤ 1 year
€304k▲
2020 · €266k
Debt > 1 year
€863k▲
2020 · €778k
Staff costs
€398
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 59 lines
Balance sheet
Code20202021
Assets
Total assets20/58€928k€1.09M▲
Formation expenses20€125k€91k▼
Fixed assets21/28€695k€770k▲
Tangible fixed assets22/27€695k€770k▲
Land and buildings22-€26k
Plant, machinery and equipment23-€744k
Current assets29/58€107k€231k▲
Stocks and contracts in progress3€51k€123k▲
Stocks30/36-€123k
Raw materials and consumables30/31-€100k
Work in progress32-€2k
Finished goods33-€21k
Amounts receivable within one year40/41€54k€87k▲
Trade receivables40-€27k
Other amounts receivable41-€60k
Cash at bank and in hand54/58€2k€21k▲
Equity and liabilities
Total equity and liabilities10/49€928k€1.09M▲
Equity10/15€-116k€-75k▲
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€100k
Uncalled capital101-€39k
Revaluation surpluses12-€152k
Profit (loss) carried forward14€-178k€-289k▼
Amounts payable17/49€1.04M€1.17M▲
Amounts payable after more than one year17€778k€863k▲
Financial debts170/4-€863k
Credit institutions173-€175k
Other loans174-€688k
Amounts payable within one year42/48€266k€304k▲
Current portion of amounts payable after more than one year42-€163k
Trade debts44€113k€141k▲
Suppliers440/4-€141k
Income statement
Code20202021
Operating income70/76A-€509k
Turnover70€403k€426k▲
Change in stocks of work in progress, finished goods and contracts in progress71-€23k
Other operating income74-€60k
Operating charges60/66A-€588k
Goods for resale, raw materials and consumables60-€208k
Purchases600/8-€257k
Change in stocks: decrease (increase)609-€-49k
Services and other goods61-€239k
Remuneration, social security and pensions62-€398
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€140k▲
Other operating charges640/8-€212
Operating profit (loss)9901€-91k€-80k▲
Financial income75/76B-€8k
Recurring financial income75€35k€8k▼
Income from current assets751-€3k
Other financial income752/9-€6k
Financial charges65/66B-€40k
Recurring financial charges65€34k€40k▲
Debt charges650€30k€38k▲
Other financial charges652/9-€2k
Profit (loss) for the period before taxes9903€-91k€-111k▼
Profit (loss) for the period9904€-91k€-111k▼
Profit (loss) for the period to be appropriated9905€-91k€-111k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-289k
Profit (loss) brought forward from the previous period14P-€-178k
The notes to these accounts (41 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Operating income70/76A | - | - | €509k | - |
| Turnover70 | €86k | €403k | €426k | ▲ 5.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €23k | - |
| Other operating income74 | - | - | €60k | - |
| Operating charges60/66A | - | - | €588k | - |
| Goods for resale, raw materials and consumables60 | - | - | €208k | - |
| Purchases600/8 | - | - | €257k | - |
| Change in stocks: decrease (increase)609 | - | - | €-49k | - |
| Services and other goods61 | - | - | €239k | - |
| Remuneration, social security and pensions62 | - | - | €398 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €138k | €140k | ▲ 2.0% |
| Other operating charges640/8 | - | - | €212 | - |
| Operating profit (loss)9901 | €-73k | €-91k | €-80k | ▲ 12.8% |
| Financial income75/76B | - | - | €8k | - |
| Recurring financial income75 | €23k | €35k | €8k | ▼ 75.9% |
| Income from current assets751 | - | - | €3k | - |
| Other financial income752/9 | - | - | €6k | - |
| Financial charges65/66B | - | - | €40k | - |
| Recurring financial charges65 | €37k | €34k | €40k | ▲ 17.2% |
| Debt charges650 | €15k | €30k | €38k | ▲ 26.6% |
| Other financial charges652/9 | - | - | €2k | - |
| Profit (loss) for the period before taxes9903 | €-87k | €-91k | €-111k | ▼ 22.5% |
| Profit (loss) for the period9904 | €-87k | €-91k | €-111k | ▼ 22.5% |
| Profit (loss) for the period to be appropriated9905 | €-87k | €-91k | €-111k | ▼ 22.5% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.09M | €928k | €1.09M | ▲ 17.7% |
| Formation expenses20 | €159k | €125k | €91k | ▼ 27.4% |
| Fixed assets21/28 | €779k | €695k | €770k | ▲ 10.7% |
| Tangible fixed assets22/27 | €779k | €695k | €770k | ▲ 10.7% |
| Land and buildings22 | - | - | €26k | - |
| Plant, machinery and equipment23 | - | - | €744k | - |
| Current assets29/58 | €154k | €107k | €231k | ▲ 115% |
| Stocks and contracts in progress3 | €49k | €51k | €123k | ▲ 143% |
| Stocks30/36 | - | - | €123k | - |
| Raw materials and consumables30/31 | - | - | €100k | - |
| Work in progress32 | - | - | €2k | - |
| Finished goods33 | - | - | €21k | - |
| Amounts receivable within one year40/41 | €103k | €54k | €87k | ▲ 60.6% |
| Trade receivables40 | - | - | €27k | - |
| Other amounts receivable41 | - | - | €60k | - |
| Cash at bank and in hand54/58 | €2k | €2k | €21k | ▲ 848% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.09M | €928k | €1.09M | ▲ 17.7% |
| Equity10/15 | €-25k | €-116k | €-75k | ▲ 35.2% |
| Contributions10/11 | €62k | €62k | €62k | = |
| Capital10 | - | - | €62k | - |
| Issued capital100 | - | - | €100k | - |
| Uncalled capital101 | - | - | €39k | - |
| Revaluation surpluses12 | - | - | €152k | - |
| Profit (loss) carried forward14 | €-87k | €-178k | €-289k | ▼ 62.7% |
| Amounts payable17/49 | €1.12M | €1.04M | €1.17M | ▲ 11.8% |
| Amounts payable after more than one year17 | €747k | €778k | €863k | ▲ 10.9% |
| Financial debts170/4 | - | - | €863k | - |
| Credit institutions173 | - | - | €175k | - |
| Other loans174 | - | - | €688k | - |
| Amounts payable within one year42/48 | €370k | €266k | €304k | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | - | - | €163k | - |
| Trade debts44 | €217k | €113k | €141k | ▲ 25.0% |
| Suppliers440/4 | - | - | €141k | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-87k | €-91k | €-111k | ▼ 22.5% |
| + Depreciation and write-downs630 | €46k | €138k | €140k | ▲ 2.0% |
| Operating cash flow (approximation) | €-41k | €47k | €29k | ▼ 37.8% |
| Investment in fixed assets (approximation) | - | €-54k | €-215k | ▼ 298% |
| Change in cash | - | €213 | €19k | ▲ 8,793% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
01-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Tongeren · event 26-07-2023
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 201 days late
2021
31-12
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 63 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudsbergen · 1 establishment unit since 2018
Ground area
4.8 ha
Building footprint
2.7 ha
Volume, LiDAR
136,007 m³
Parcel 71562B0913/00A005, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SIMAR² COMPONENTS
since 20182.278.809.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0913/00A005 | Flanders | 4.8 ha | 1 · 2.7 ha | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19, 3600 GENK- |
26-07-2023 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19,
3600 GENK |
26-07-2023 → present |
| Curator | ILONA LO GIUDICE JAAR-
BEURSLAAN 19, 3600 GENK |
26-07-2023 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,983 companies in sector 25110 we hold annual accounts for 2,145. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
Scores and ratios are computed by Checked and are not a credit decision.