SIMARAN

Active Private limited companyfounded 2010active for 16 yearsRue Justin-Lenders 74, 4020 LiègeKBO/BCE: BE 0822.933.548

SIMARAN

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Overview

Lifetime

16 annual accounts with figures on one time axis

Compare with

peak €437,646 (2025)

€437,646▲ 77.1%

lowest -€448,331 (2020)

€353,461▲ 152%

peak €3.4m (2018)

€3.2m▲ 12.3%

€736,067▼ 18.7%

Board4 names since 2021

1 directorLEBOUTTE Denys

Documentsfilings and deeds

25-06-202636 days before the deadline

2025micro format

Gross margin from €247,187 to €437,646Result from €140,513 to €353,461Equity from €2.9m to €3.2mDebts from €904,894 to €736,067Cash from €358,343 to €235,290

Key points

from the 2025 annual accounts

Result

€353,461 ▲ 152%

The result rose in 2025 from €140,513 to €353,461.

Turnover

≈ €630,000 estimated

The micro format states no turnover.

Investments

€219,758 5.8 × depreciation

Green is investment, beige is depreciation.

Liquidity

11.58 was 7.30 in 2024

Short-term debts fell from €336,074 to €267,666.

Filings

16 annual accounts since 2010

Eight of the last ten came late. The 2019 accounts came latest: 98 days after the end of the period.

Position in the sector

€353,461

Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.

Checked score

Excellent

Financially stronger than 77% of small companies in head offices and management consultancy (NACE 70)

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: 0.1% across 4,522 companies (NACE 70, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: 0.1%▲ +0.1 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025highest value 10-2025: < 0.1%▼ -0.2 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: 0.1%▲ +0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength

Strong

100=equity 81.4% of total assets

57-5short-term debt 6.8% · cash 5.9%

80+7return on assets 8.9%

Score breakdown

raises risk

1 of the last 3 accounts late

lowers risk

Size: total assets €4.0m

Figures for financial year 2025 (filed on 25-06-2026)

Sector: Activities of head offices; management consultancy activities (NACE 70)

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 70, small). It does better than 85% of them on solvency, 77% on liquidity, 78% on profitability and 67% on growth.

The bankruptcy probability was computed on 09-11-2026 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, 17,811 companies had the same profile as SIMARAN has now. Each dot stands for 45 companies, two years later.

96.5%

were still trading

3.2%

stopped another way

0.3%

went bankrupt

Small
10 to 20 years old
solvency 30% or more
a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of SIMARAN itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,811 companies, not a prediction for SIMARAN. 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 €310,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 11.58 (7.3 in 2024), above the usual 1.5. Short-term debt is 6.8% and cash 5.9% of total assets. 18.6% 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

Six signals.

lowers riskraises riskneutral

Size: total assets €4.0m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Figures for financial year 2025 (filed on 25-06-2026)

NBB · annual accounts

1 of the last 3 accounts late

NBB · filings

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €3.2m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

36 days early

2024

56 days late

2023

22 days early

2022

60 days late

2021

31 days late

2020

61 days late

2019

98 days late

← 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 35 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 52 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

09-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

LEBOUTTE Denys

Director, since 16-05-2022

Shares in 1 company, FATISARA

Board & ownership

Recent changes

07-04-2026

Amendment of the articles Director in office: LEBOUTTE Denys (sole director) · General meeting of 02-04-2026 · Gazette deed

19-11-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0822933548

18-05-2022

2 directors appointed, 1 resignation, 1 reappointment Reappointment: LEBOUTTE Denys (director) · Appointments: RINALDI Patrick (alternate director) and CAVENAILE Thierry (alternate director) · Resignation: MOUHIB Jamal (alternate director) · Gazette deed

01-03-2010

First establishment SAMIRAN, Rue Justin-Lenders 74, Liège

All 27 events

Comparable companies

same main activity, similar in size and age

Company
SIMARAN Liège	€4.0m	€437,646	81.4%	-
4m GROUP Herve	€3.7m	€461,503	77.2%	-
DEPOORTERE ENGINEERING Roeselare	€4.1m	€434,970	28.6%	-
GUINIVAL Uccle	€3.8m	€436,145	92.9%	0.5
BOSSERS Boortmeerbeek	€4.4m	€454,798	43.3%	2
Arjulo Merelbeke-Melle	€3.8m	€396,563	57.5%	-
BLC INVEST Ramillies	€4.4m	€449,882	43.2%	-

These companies have the same main activity as SIMARAN: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €3.7m and €4.4m, founded between 2009 and 2010.

Official details

Source: KBO

Status: Active since 05-02-2010Normal situation
Activity: Business and other management consultancyNACE 70200and 2 others
Establishment unit: 2.290.198.6054020 Liège, since 01-03-2010
Financial year end: 31 December
Peppol: Reachable since 19-11-2025

Company details

Annual accounts 2025

: €437,646▲ 77.1%
: €353,461▲ 152%
: €3.2m▲ 12.3%
: €4.0m▲ 4.9%
Filing: Filed on 25-06-2026, 36 days before the end of the filing period

Financials

Insights on SIMARAN

SIMARAN files the micro format. That format states no turnover. The gross margin rose from €9,360 in 2010 to €437,646 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 25-06-2026, 36 days before the deadline

€437,646

▲ 77.1%

€362,403

▲ 135%

€353,461

▲ 152%

€2.8m

▲ 33.7%

81.4%

▲ 5.4 percentage points

11.58

▲ 4.28

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €630,000. Estimated: probably between €520,000 and €1.1m.

Balance sheet

balance sheet total €4.0m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

81.4%

Higher than 79% of 39,364 companies in 2025.

11.58

Higher than 91% of 38,048 companies in 2025.

8.9%

Higher than 40% of 38,520 companies in 2025.

SIMARAN Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
`20/58`	4.0m	3.8m	3.6m	4.1m	3.5m	3.3m	4.0m	4.5m	4.3m	4.2m	4.2m	4.0m	3.3m	3.0m	2.2m	2.1m
`21/28`	863,572	1.3m	1.3m	1.6m	1.6m	1.4m	1.2m	1.6m	1.0m	1.0m	915,967	721,401	788,707	752,576	687,554	636,588
`22/27`	811,072	1.3m	1.2m	1.3m	1.3m	991,521	628,992	686,489	599,547	482,562	518,167	495,601	272,482	236,351	117,779	120,363
`22`	733,453	1.3m	1.2m	1.3m	1.3m	989,079	628,125	685,891	598,989	480,499	511,053	410,210	265,649	232,500	111,563	114,191
`24`	77,619	800	1,130	1,459	1,789	2,442	867	597	558	2,064	7,114	12,941	6,833	3,851	6,216	6,173
`26`	-	-	-	-	-	-	-	-	-	-	-	72,450	-	-	-	-
`28`	52,500	52,500	52,500	248,000	259,500	361,252	604,552	921,086	406,052	533,202	397,800	225,800	516,225	516,225	569,775	516,225
`29/58`	3.1m	2.5m	2.3m	2.6m	1.9m	1.9m	2.8m	2.9m	3.3m	3.1m	3.3m	3.3m	2.5m	2.2m	1.6m	1.5m
`29`	395,864	394,597	262,648	255,974	-	-	-	-	-	-	-	-	-	-	-	-
`290`	-	-	0	255,974	-	-	-	-	-	-	-	-	-	-	-	-
`291`	395,864	394,597	262,648	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	774,982	682,612	762,933	1.1m	654,536	697,788	1.7m	1.6m	1.7m	1.4m	1.6m	1.9m	1.1m	1.0m	596,889	510,918
`40`	10,513	19,833	5,087	3,024	55,076	72,252	265,557	182,991	6,068	4,553	15,402	267,370	363,382	201,572	160,160	124,225
`41`	764,469	662,779	757,846	1.1m	599,460	625,536	1.4m	1.4m	1.7m	1.4m	1.6m	1.6m	722,595	820,898	436,729	386,693
`50/53`	1.7m	992,976	1.0m	940,245	981,559	991,307	964,278	1.1m	1.4m	1.4m	1.2m	1.2m	1.0m	961,326	384,805	372,939
`54/58`	235,290	358,343	211,563	253,400	274,063	226,281	138,704	269,933	187,066	312,734	545,573	275,681	360,231	231,619	572,234	585,558
`490/1`	1,894	25,267	19,051	378	5,440	4,365	6,313	8,612	5,359	4,963	4,200	13,109	27,648	4,063	406	406
Balance sheet: equity and liabilities
`10/49`	4.0m	3.8m	3.6m	4.1m	3.5m	3.3m	4.0m	4.5m	4.3m	4.2m	4.2m	4.0m	3.3m	3.0m	2.2m	2.1m
`10/15`	3.2m	2.9m	2.7m	2.7m	2.5m	2.6m	3.0m	3.4m	3.4m	3.2m	3.2m	3.2m	2.6m	2.4m	2.2m	1.9m
`10/11`	72,900	72,900	72,900	72,900	72,900	72,900	72,900	72,900	72,900	72,900	72,900	72,900	18,900	18,900	18,900	18,900
`100`	-	-	-	-	-	-	72,900	72,900	72,900	72,900	72,900	72,900	18,900	18,900	18,900	18,900
`13`	501,264	147,803	7,290	7,290	7,290	7,290	7,290	7,290	7,290	7,290	7,290	7,290	1,890	1,890	1,890	1,890
`130/1`	7,290	7,290	7,290	7,290	7,290	7,290	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	7,290	7,290	7,290	7,290	7,290	7,290	1,890	1,890	1,890	1,890
`1311`	7,290	7,290	7,290	7,290	7,290	7,290	-	-	-	-	-	-	-	-	-	-
`133`	493,974	140,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	2.7m	2.7m	2.7m	2.6m	2.5m	2.5m	2.9m	3.3m	3.3m	3.1m	3.1m	3.1m	2.6m	2.4m	2.1m	1.9m
`17/49`	736,067	904,894	818,337	1.4m	950,837	691,496	990,099	1.1m	976,494	922,531	1.1m	877,120	722,493	583,493	90,571	166,012
`17`	459,105	560,818	661,339	760,657	642,222	609,411	542,357	549,249	409,288	366,334	542,317	93,151	125,088	-	-	8,144
`170/4`	459,105	560,818	661,339	760,657	642,222	609,411	542,357	549,249	409,288	366,334	542,317	93,151	125,088	-	-	8,144
`42/48`	267,666	336,074	152,279	679,669	308,615	82,085	447,741	596,805	567,180	555,529	540,220	783,969	597,405	583,077	90,571	157,868
`42`	101,713	100,521	99,318	98,179	60,627	51,994	86,367	180,200	191,955	178,644	176,780	34,599	34,785	-	8,144	16,248
`43`	1,019	801	-	-	-	-	-	-	-	-	-	353,000	-	-	-	-
`430/8`	1,019	801	-	-	-	-	-	-	-	-	-	353,000	-	-	-	-
`44`	21,687	21,482	5,356	380,987	46,511	6,975	254,018	167,907	6,531	7,329	8,243	11,034	11,421	894	4,789	2,875
`440/4`	21,687	21,482	5,356	380,987	46,511	6,975	254,018	167,907	6,531	7,329	8,243	11,034	11,421	894	4,789	2,875
`45`	58,126	36,796	21,933	86,273	9,600	21,817	11,778	5,838	7,901	27,078	12,929	21,707	14,729	133,833	76,306	39,554
`450/3`	58,126	36,796	21,933	86,273	9,600	21,817	11,778	5,838	7,901	27,078	12,929	21,707	14,729	112,833	72,806	39,554
`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	21,000	3,500	-
`47/48`	85,121	176,475	25,673	114,230	191,876	1,300	95,578	242,861	360,794	342,477	342,268	363,630	536,469	448,350	1,332	99,191
`492/3`	9,297	8,002	4,719	8,551	-	-	-	-	25	668	2,639	-	-	416	-	-
Income statement
`76A`	76,865	0	48,073	-	-	-	1,188	-	-	5,800	13,373	436,047	11,627	22,050	-	-
`9900`	437,646	247,187	409,932	230,936	155,206	150,226	128,301	58,541	119,045	106,127	280,429	201,859	301,663	294,643	368,381	9,360
`630`	38,195	57,942	57,938	52,061	123,790	43,522	43,905	45,250	42,000	38,493	63,309	57,003	21,975	22,100	15,573	13,163
`631/4`	825	-45,232	-	-	-	399,268	28,291	-	-	-	250,000	64,400	64,400	-	100,000	-
`640/8`	35,800	80,254	38,650	43,026	67,250	705	426	986	2,827	1,561	1,198	3,575	220	440	-	-
`66A`	424	-	0	2,501	-	203,500	638	10,568	909	10,317	27,258	10,268	1,683	3,220	137	779
`9901`	362,403	154,224	313,344	133,349	-35,833	-496,768	55,042	1,736	73,311	55,755	-34,077	76,882	215,068	272,104	252,808	-3,802
`75/76B`	60,467	21,407	22,951	23,624	19,573	73,984	23,675	36,648	185,125	68,060	94,498	73,828	70,891	41,481	31,406	127,114
`75`	60,467	21,407	22,951	23,624	19,573	24,784	23,675	36,648	47,292	58,168	94,498	73,828	70,891	41,481	31,406	127,114
`76B`	-	-	-	-	-	49,200	-	-	137,833	9,892	-	-	-	-	-	-
`65/66B`	20,684	20,632	272,004	34,081	17,581	20,083	406,155	31,555	135,639	32,757	34,496	36,546	29,253	9,701	3,240	3,085
`65`	20,684	20,632	31,271	34,081	17,581	20,083	22,121	31,555	32,889	32,757	34,496	36,546	29,253	9,701	3,240	3,085
`66B`	-	0	240,732	-	-	-	384,034	-	102,750	-	-	-	-	-	-	-
`9903`	402,186	154,998	64,291	122,892	-33,841	-442,867	-327,438	6,830	122,796	91,058	12,039	539,942	266,651	322,713	280,837	119,448
`67/77`	48,726	14,486	517	-1,329	2,464	5,464	1,156	1,298	-1,456	23,392	101	20,134	68,192	85,469	69,919	-941
`9904`	353,461	140,513	63,774	124,221	-36,305	-448,331	-328,594	5,531	124,252	67,665	11,939	519,808	198,459	237,244	210,918	120,388
`9905`	353,461	140,513	63,774	124,221	-36,305	-448,331	-328,594	5,531	124,252	67,665	11,939	519,808	198,459	237,244	210,918	120,388
Appropriation of the result
`9906`	3.0m	2.8m	2.7m	2.6m	2.5m	2.5m	2.9m	3.3m	3.3m	3.1m	3.1m	3.1m	2.6m	2.4m	2.1m	120,388
`14P`	2.7m	2.7m	2.6m	2.5m	2.5m	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.8m
`691/2`	353,461	140,513	-	-	-	-	-	-	-	-	-	5,400	-	-	-	1,890
`6920`	-	-	-	-	-	-	-	-	-	-	-	5,400	-	-	-	1,890
`6921`	353,461	140,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	25-06-2026	2026-00198363	PDF
31-12-2024	micro format	25-09-2025	2025-00502655	PDF
31-12-2023	micro format	09-07-2024	2024-00225746	PDF
31-12-2022	micro format	29-09-2023	2023-00463442	PDF
31-12-2021	micro format	31-08-2022	2022-20370043	PDF
31-12-2020	micro format	30-09-2021	2021-70200470	PDF
31-12-2019	micro format	06-11-2020	2020-69400230	PDF
31-12-2018	micro format	26-08-2019	2019-50500147	PDF
31-12-2017	micro format	31-08-2018	2018-59200379	PDF
31-12-2016	micro format	31-08-2017	2017-56700041	PDF
31-12-2015	full format	25-08-2016	2016-49900156	PDF
31-12-2014	full format	26-08-2015	2015-53000039	PDF
31-12-2013	full format	01-08-2014	2014-39300233	PDF
31-12-2012	full format	30-08-2013	2013-56500259	PDF
31-12-2011	full format	31-08-2012	2012-53100487	PDF
31-12-2010	full format	31-08-2011	2011-51700191	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
400,598	212,166	371,282	185,409	87,956	-453,246	98,947	46,986	115,310	94,249	29,232	133,884	237,043	294,203	268,381	9,360
391,655	198,455	121,713	176,282	87,485	-404,809	-284,689	50,781	166,252	106,159	75,247	576,811	220,433	259,343	226,491	133,551
219,758	128,789	24,722	47,243	452,720	406,051	105,220	818,541	424,984	138,291	380,325	330,378	58,106	140,671	66,538	784,128
-123,053	146,780	-41,838	-20,663	47,782	87,577	-131,229	82,867	-125,669	-232,838	269,892	-84,551	128,612	-340,615	-13,324	-
2.8m	2.1m	2.1m	1.9m	1.6m	1.8m	2.3m	2.3m	2.8m	2.6m	2.8m	2.5m	1.9m	1.6m	1.5m	1.3m
81.4%	76.0%	77.0%	64.8%	72.8%	78.9%	75.4%	74.6%	77.4%	77.8%	74.4%	78.3%	78.2%	80.4%	96.0%	92.1%
11.58	7.30	15.09	3.76	6.21	23.39	6.22	4.85	5.86	5.64	6.16	4.23	4.22	3.81	17.16	9.31
0.23	0.31	0.30	0.54	0.37	0.27	0.33	0.34	0.29	0.29	0.34	0.28	0.28	0.24	0.04	0.09
11.0%	4.9%	2.3%	4.7%	-1.4%	-17.4%	-10.8%	0.2%	3.7%	2.1%	0.4%	16.4%	7.7%	9.9%	9.8%	6.2%
8.9%	3.7%	1.8%	3.0%	-1.0%	-13.7%	-8.2%	0.1%	2.9%	1.6%	0.3%	12.9%	6.0%	8.0%	9.4%	5.7%
19.37	10.28	11.87	5.44	5.00	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€219,758	€128,789	€24,722	€47,243	€452,720
	€38,195	€57,942	€57,938	€52,061	€123,790

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SIMARAN

The operating result for 2025 is 135% higher than in 2024 and the highest since 2010. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 24.0% to 18.6%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2022

LEBOUTTE Denys

Director (not named in the articles)

since 16-05-2022

listed in the 2025 annual accounts, filed on 25-06-2026

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

LEBOUTTE Denys
Director (not named in the articles)

CAVENAILE Thierry
Alternate director

MOUHIB Jamal
Alternate director

RINALDI Patrick
Alternate director

BoardEarliermandate already running before its first mentionend not dated

Mandates as a list

LEBOUTTE Denys
- Director (not named in the articles), since before 31-12-2021
CAVENAILE Thierry
- Alternate director, appointed by deed of 18-05-2022, no longer listed in the 2025 annual accounts
MOUHIB Jamal
- Alternate director, from before 31-12-2021 to 18-05-2022
RINALDI Patrick
- Alternate director, from before 31-12-2021, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €72,900
Shares: 729
Contribution per share: €100
Equity per share: €4,426 in 2025
Source: 2025 annual accounts

Articles of association

deed of 18-05-2022 (in French)

Duration: Unlimited
Board rule: At least 1 director

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros

This companySIMARAN1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

BE Fatisara91.3% €16,903 result -€2,820

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

The LEI register names no parent.

At the same address

Rue Justin Lenders 74, 4020 Liège · 2 other companies

FATISARA registered office since 21-06-2019 · founded in 2019	total assets €602,751 (2025) 0727.854.742
Ô DES CIMES registered office since 01-07-2023	founded in 2023 0804.488.207

Holdings and subsidiaries

1 holding

Share, source and own figures per holding (1)

FATISARAsubsidiary
Equity €16,903 Loss of €2,820 in 2025 (profit of €6,775 in 2024) Checked score 81
Sourceown accounts 2025

91.3%

Holdings through the years 2023 to 2025

Holdings through the years
Name	2023	2024	2025
FATISARA 2023 to 2025: 91.3%	91.3%
G.G.A. 2023: 62.5%	62.5%

Source: list of holdings in its own accounts

Board mandates elsewhere

1 board mandate

Board mandates of SIMARANSIMARAN sits on their board1

G.G.A.

Director

No longer active · total assets €400,056 (2023)

Connections & network

1 current director

Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet

Timeline

27 events since 2010

Board

Capital

Filings

Financial

Establishments

201020122014201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

25-06-2026

Annual accounts 2025 filed NBBmicro format · 36 days before the deadline

07-04-2026

Amendment of the articlesDirector in office: LEBOUTTE Denys (sole director) · General meeting of 02-04-20261 point ▸

General meeting, 02-04-2026
The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

2025

19-11-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0822933548

25-09-2025

Annual accounts 2024 filed PDFmicro format · 56 days late

2024

09-07-2024

Annual accounts 2023 filed PDFmicro format · 22 days before the deadline

2023

31-12-2023

Liquidity quadruples current ratio 15.09 The current ratio rises from 3.76 to 15.09. Short-term debt falls from €679,669 to €152,279.

29-09-2023

Annual accounts 2022 filed PDFmicro format · 60 days late

2022

31-12-2022

Back to profit net €124,221 The net result is €124,221, after 3 loss-making years.

31-08-2022

Annual accounts 2021 filed PDFmicro format · 31 days late

18-05-2022

2 directors appointed, 1 resignation, 1 reappointmentReappointment: LEBOUTTE Denys (director) · Appointments: RINALDI Patrick (alternate director) and CAVENAILE Thierry (alternate director) · Resignation: MOUHIB Jamal (alternate director)6 points ▸

729 shares
Registered office clause, rue Justin-Lenders 74, 4020 Liège
Director reappointment, LEBOUTTE Denys (director (not named in the articles))
Director appointment, RINALDI Patrick (alternate director)
Director resignation, MOUHIB Jamal (alternate director)
Director appointment, CAVENAILE Thierry (alternate director)
The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2021

30-09-2021

Annual accounts 2020 filed PDFmicro format · 61 days late

2020

31-12-2020

Weakest financial year net -€448,331 The net result drops to -€448,331, the lowest from 2010 to 2025. It recovers the following year.

31-12-2020

Liquidity more than triples current ratio 23.39 The current ratio rises from 6.22 to 23.39. Short-term debt falls from €447,741 to €82,085.

06-11-2020

Annual accounts 2019 filed PDFmicro format · 98 days late

2019

26-08-2019

Annual accounts 2018 filed PDFmicro format · 26 days late

2018

31-08-2018

Annual accounts 2017 filed PDFmicro format · 31 days late

2017

31-08-2017

Annual accounts 2016 filed PDFmicro format · 31 days late

2016

25-08-2016

Annual accounts 2015 filed PDFfull format · 25 days late

2015

26-08-2015

Annual accounts 2014 filed PDFfull format · 26 days late

2014

31-12-2014

Highest result from 2010 to 2025 net €519,808 ▲162% The net result of €519,808 is the highest of those years.

01-08-2014

Annual accounts 2013 filed PDFfull format · 1 day late

2013

30-08-2013

Annual accounts 2012 filed PDFfull format · 30 days late

2012

31-08-2012

Annual accounts 2011 filed PDFfull format · 31 days late

2011

31-12-2011

Equity above €2m equity €2.2m ▲10.9% With a profit in every financial year since 2010, equity grows to €2.2m.

31-08-2011

Annual accounts 2010 filed PDFfull format · 31 days late

2010

01-03-2010

First establishment SAMIRAN, Rue Justin-Lenders 74, Liège

05-02-2010

Incorporation PDFpublished on 17-02-2010

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 5 February 2010, SIMARAN was incorporated.¹ Total assets went from €4.5m in 2018 to €4.0m in 2025.²

Company details

Identity

Enterprise number: 0822.933.548
VAT number: BE 0822.933.548
Peppol ID: 0208:0822933548
Other Peppol ID: 9925:BE0822933548
LEI code: 967600UQ8RDQ3HCXWP26 live in the LEI register
Legal form: Private limited company
Status: Active, normal situation
Founded: 05-02-2010
Financial year: ends on 31 December
Peppol: Reachable since 19-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: SIMARAN in French
Entity type: Legal entity
Duration: Unlimited
deed of 18-05-2022 (in French)

Activities

NACEBEL 2025

70200 Business and other management consultancy main activity

66300 Activities auxiliary to financial services and insurance activities

68201 Renting and operating of own or leased residential real estate, excluding social housing

Codes under NACEBEL 2008

70220 Business consulting main activity

66300 Activities auxiliary to financial services and insurance activities

68201 Real estate activities

Purpose: “Exercer par l’expérience et le savoir-faire de son administrateur ou de toute autre personne employée ou associée,toutes missions civiles…”
4 activities
Exercer par l’expérience et le savoir-faire de son administrateur ou de toute autre personne employée ou associée,toutes missions civiles compatibles avec la qualité de réviseur d’entreprises,telles que la formation,l’enseignement,l’expertise judiciaire,l’exercice de mandats de justice,la consultance dans les matières relevant de la gestion d’entreprise,de l’organisation et du management,de la transmission d’entreprise et de l’analyse financière
La mise en valeur de son patrimoine,par la constitution,la gestion,l’exploitation,la mise en valeur de son patrimoine mobilier et immobilier,et pour ce faire,l’aliénation,l’acquisition,la location de tout bien ou droit réel immobilier et en général,de toutes opérations relatives à la gestion des valeurs immobilières et mobilières constituées ou les biens immobiliers et mobiliers qui peuvent être obtenus en pleine propriété,en usufruit temporaire,en nue propriété,et toutes les possibilités de droits attachés,où l’activité concernée ne prend pas la forme d’une activité commerciale
Procéder à tout investissement financier,notamment à toute avance ou à tout prêt destinés à assister tant des sociétés,que des associations ou des personnes physiques dans l’exercice de leur activité professionnelle ou non,à condition que ces opérations ne relèvent pas des activités réservées aux établissements de crédit
Participer,s’intéresser et collaborer avec d’autres sociétés professionnelles de titulaires de professions libérales ou avec des sociétés interprofessionnelles de titulaires de professions libérales
deed of 18-05-2022 (in French)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
SAMIRAN registered office Rue Justin-Lenders 74, 4020 Liège	01-03-2010	2.290.198.605

Buildings and parcels at the address

Ground area: 205 m²
Buildings: 113 m²
Volume, LiDAR: 837 m³
Tallest building: 8.6 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

3 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
62807A1220/00K013	205 m²	1 · 113 m²	8.6 m · 3

Overview

Lifetime

Key points

Result

Turnover

Investments

Liquidity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on SIMARAN

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency81.4%

Current ratio11.58

Return on assets8.9%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SIMARAN

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

Holdings

Belgium 1 Equity Result

At the same address

Holdings and subsidiaries

Holdings 1

Board mandates elsewhere

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in €m

in euro

81.4%

11.58

8.9%