Simay
ActiveThe computed 12-month bankruptcy probability of Simay is 4.5% (elevated). The 2024 annual accounts show equity of €22k and a net result of €14k. Equity is growing by ~103.4% per year across the filed fiscal years. Its solvency ranks better than 55% of 18938 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
69
/ 100
Healthy▲ +18 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency50▲+38
Growth78=
Stability94
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.45 in 2023), and 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.9%
Return on assets
22.7%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
50 d late
2022
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€22k▲ 186%
2023 · €8k
2022: €6k
2023: €8k
2022 → 2024
Total assets
€62k▲ 53.1%
2023 · €40k
2022: €44k
2023: €40k
2022 → 2024
Net result
€14k▲ 793%
2023 · €2k
2022: €985
2023: €2k
2022 → 2024
Working capital
€-9k▲ 49.3%
2023 · €-18k
2022: €-23k
2023: €-18k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€6k-€8k▲ 26.3%€22k▲ 186%
Operating result€2k-€3k▲ 77.9%€19k▲ 576%
Net result€985-€2k▲ 59.9%€14k▲ 793%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 576% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€31k▲ 19.7%
Current assets
€31k▲ 112%
Equity and liabilities €62k
Equity
€22k▲ 186%
Debt
€40k▲ 22.6%
The debt ratio falls from 81.3% to 65.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€22k▲
2023 · €6k
Cash flow
€17k▲
2023 · €5k
Solvency
34.9%▲
2023 · 18.7%
Current ratio
0.77▲
2023 · 0.45
Quick ratio
0.73▲
2023 · 0.39
Debt / equity
1.86▼
2023 · 4.35
ROE
65.0%▲
2023 · 20.8%
ROA
22.7%▲
2023 · 3.9%
Interest coverage
13.55▲
2023 · 5.74
Debt
€40k▲
2023 · €33k
Debt ≤ 1 year
€40k▲
2023 · €33k
Income taxes
€3k▲
2023 · €421
Staff costs
€19k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€40k€62k▲
Fixed assets21/28€26k€31k▲
Intangible fixed assets21€8k€7k▼
Tangible fixed assets22/27€12k€18k▲
Plant, machinery and equipment23€12k€18k▲
Financial fixed assets28€5k€5k=
Current assets29/58€15k€31k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€23€150▲
Other amounts receivable41€23€150▲
Cash at bank and in hand54/58€12k€29k▲
Deferred charges and accrued income490/1€562€493▼
Equity and liabilities
Total equity and liabilities10/49€40k€62k▲
Equity10/15€8k€22k▲
Contributions10/11€5k€5k=
Reserves13€3k€17k▲
Distributable reserves133€3k€17k▲
Amounts payable17/49€33k€40k▲
Amounts payable within one year42/48€33k€40k▲
Trade debts44€11k€13k▲
Suppliers440/4€11k€13k▲
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€16k€17k▲
Income statement
Code20232024
Remuneration, social security and pensions62€15k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€22k€43k▲
Operating profit (loss)9901€3k€19k▲
Financial income75/76B€183€6▼
Recurring financial income75€183€6▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€2k€17k▲
Income taxes67/77€421€3k▲
Profit (loss) for the period9904€2k€14k▲
Profit (loss) for the period to be appropriated9905€2k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€14k▲
Transfer to equity691/2€2k€14k▲
To other reserves6921€2k€14k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €14k ▲793%
Operating result €19k, net result €14k, both a record.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Edegem · 1 establishment unit since 2022
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.
Hovestraat 262650 EdegemGround area
431 m²
Building footprint
409 m²
Volume, LiDAR
4,492 m³
Parcel 11013A0130/00D000, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Simay
since 20222.331.011.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0130/00D000 | Flanders | 431 m² | 1 · 409 m² | 14.5 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEdegem2.331.011.651
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,658. 8,039 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-04-2022
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.