SIMARGEST
ActiveSummary
SIMARGEST has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €-163. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 29.49; short-term debt: 3% and cash: 68.6% of total assets), and 3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
30 d late
2023
90 d late
2022
60 d late
2021
139 d late
2020
153 d late
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-163
2024 · €5k
2018: €13k
2019: €11k
2020: €12k
2021: €15k
2022: €10k
2023: €9k
2024: €5k
2018 → 2025
Working capital
€107k▲ 11.2%
2024 · €97k
2018: €57k
2019: €69k
2020: €81k
2021: €96k
2022: €50k
2023: €78k
2024: €97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€106k▲ 10.7%€115k▲ 8.8%€121k▲ 4.7%€121k▼ 0.1%
Operating result€21k-€16k▼ 23.4%€14k▼ 11.6%€9k▼ 38.2%€475▼ 94.5%
Net result€15k-€10k▼ 31.4%€9k▼ 9.2%€5k▼ 41.8%€-163
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€13k ▼ 45.2%
Current assets
€111k ▲ 14.9%
Equity and liabilities €125k
Equity
€121k ▼ 0.1%
Debt
€4k ▲ 2,079%
Debt's share of the balance-sheet total rises from 0.1% to 3.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €21k
Cash flow
€11k▼
2024 · €18k
Current ratio
29.49
Debt to equity
0.03▲
2024 · 0.00
ROE
-0.1%▼
2024 · 4.5%
ROA
-0.1%▼
2024 · 4.5%
Interest coverage
45.32▼
2024 · 73.83
Debt ≤ 1 year
€4k▲
2024 · €173
Income taxes
€385▼
2024 · €3k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€121k€125k▲
Fixed assets21/28€24k€13k▼
Tangible fixed assets22/27€24k€13k▼
Furniture and vehicles24€24k€13k▼
Current assets29/58€97k€111k▲
Amounts receivable within one year40/41€19k€26k▲
Trade receivables40€16k€19k▲
Other amounts receivable41€3k€7k▲
Cash at bank and in hand54/58€78k€85k▲
Equity and liabilities
Total equity and liabilities10/49€121k€125k▲
Equity10/15€121k€121k▼
Contributions10/11€6k€6k=
Reserves13€115k€115k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€113k€115k▲
Amounts payable17/49€173€4k▲
Amounts payable within one year42/48€173€4k▲
Trade debts44€173€1k▲
Suppliers440/4€173€1k▲
Taxes, remuneration and social security45-€310
Taxes450/3-€310
Other amounts payable47/48-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Other operating charges640/8€427€202▼
Gross operating margin9900€22k€12k▼
Operating profit (loss)9901€9k€475▼
Financial income75/76B€132-
Recurring financial income75€5-
Non-recurring financial income76B€127-
Financial charges65/66B€290€253▼
Recurring financial charges65€290€253▼
Profit (loss) for the period before taxes9903€8k€222▼
Income taxes67/77€3k€385▼
Profit (loss) for the period9904€5k€-163▼
Profit (loss) for the period to be appropriated9905€5k€-163▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-163▼
Transfer from equity791/2-€163
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €-163 ▼103%
Net result drops to €-163, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Liquidity times 9current ratio 1005.83
Current ratio from 108.78 to 1005.83; short-term debt falls from €460 to €78.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Equity above €100kEq €106k ▲10.7%
5 profitable years in a row build equity to €106k.
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 139 days late
2021
31-12
Financial
Highest result since 2018net €15k ▲24.5%
Operating result €21k, net result €15k, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 153 days late
2020
31-12
Financial
Liquidity times 12current ratio 697.55
Current ratio from 57.03 to 697.55; short-term debt falls from €1k to €116.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 62 days late
Show earlier events
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 152 days late
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 153 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gerpinnes · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Saules(GER) 466280 GerpinnesGround area
1,074 m²
Building footprint
160 m²
Volume, LiDAR
949 m³
Parcel 52025A0224/00T000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIMARGEST
since 20132.216.455.641
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025A0224/00T000 | Wallonia | 1,074 m² | 1 · 160 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JADICA BRUSSELS
BE 0892.294.090
Etterbeek · Eq €120,569
MILLA
BE 0848.972.407
Elsene · Eq €121,065
E. DUPONT
BE 0458.852.758
Antwerpen · Eq €120,346
INFI-DELY
BE 0778.710.555
Seraing · Eq €121,199
BUROPORT
BE 0441.824.310
Aalst · Eq €121,437
Of 11,222 companies in sector 82100 we hold annual accounts for 3,510. 2,596 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.