SimBa
ActiveSummary
The annual accounts of SimBa for financial year 2025 show a net loss of 94% of total assets and of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €3,032 and a net result of -€9,298. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 36% of 2,332 sector peers (NACE 25, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-12-2020 Normal situation
- Activity
- Manufacture of fabricated metal products, except machinery and equipment NACE 25120and 4 others
- Establishment unit
- 2.310.963.038 3800 Sint-Truiden, since 11-12-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 13-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€9,096
- ▲ 75.8%
- Loss
- €9,298
- ▼ 75.6%
- Equity
- €3,032
- ▼ 75.4%
- Total assets
- €9,870
- ▼ 77.6%
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearFounded in 2020Loss of €9,298, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 1.18, cash €5,289, halvedSize: total assets €9,870Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 25, micro). It does better than 33% of them on solvency, 63% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 1 day before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,158, smaller than the loss of €38,025 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €1,814 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,500 | €6,000 | - | - |
| Other operating charges640/8 | €703 | €367 | €396 | €62 | ▼ 84.3% |
| Gross operating margin9900 | -€14,635 | €92,395 | -€37,629 | -€9,096 | ▲ 75.8% |
| Operating profit (loss)9901 | -€15,338 | €92,029 | -€38,025 | -€9,158 | ▲ 75.9% |
| Financial income75/76B | - | €382 | €42 | €1 | ▼ 98.3% |
| Recurring financial income75 | - | €382 | €42 | €1 | ▼ 98.3% |
| Financial charges65/66B | €6,167 | €11,557 | €158 | €140 | ▼ 11.4% |
| Recurring financial charges65 | €6,167 | €11,557 | €158 | €140 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | -€21,506 | €80,854 | -€38,141 | -€9,298 | ▲ 75.6% |
| Income taxes67/77 | - | €11,877 | - | - | - |
| Profit (loss) for the period9904 | -€21,506 | €68,977 | -€38,141 | -€9,298 | ▲ 75.6% |
| Profit (loss) for the period to be appropriated9905 | -€21,506 | €68,977 | -€38,141 | -€9,298 | ▲ 75.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €467,222 | €96,508 | €44,102 | €9,870 | ▼ 77.6% |
| Fixed assets21/28 | - | - | - | €1,814 | - |
| Tangible fixed assets22/27 | - | - | - | €1,814 | - |
| Plant, machinery and equipment23 | - | - | - | €1,814 | - |
| Current assets29/58 | €467,222 | €96,508 | €44,102 | €8,056 | ▼ 81.7% |
| Stocks and contracts in progress3 | €463,082 | - | - | - | - |
| Stocks30/36 | €463,082 | - | - | - | - |
| Amounts receivable within one year40/41 | - | €29,200 | €30,451 | €2,767 | ▼ 90.9% |
| Trade receivables40 | - | €29,200 | €29,908 | €2,742 | ▼ 90.8% |
| Other amounts receivable41 | - | - | €543 | €25 | ▼ 95.4% |
| Cash at bank and in hand54/58 | €4,028 | €67,078 | €13,506 | €5,289 | ▼ 60.8% |
| Deferred charges and accrued income490/1 | €112 | €231 | €145 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €467,222 | €96,508 | €44,102 | €9,870 | ▼ 77.6% |
| Equity10/15 | -€18,506 | €50,471 | €12,330 | €3,032 | ▼ 75.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€21,506 | €47,471 | €9,330 | €32 | ▼ 99.7% |
| Amounts payable17/49 | €485,728 | €46,037 | €31,772 | €6,837 | ▼ 78.5% |
| Amounts payable within one year42/48 | €485,728 | €46,037 | €31,772 | €6,837 | ▼ 78.5% |
| Financial debts43 | €478,733 | - | - | - | - |
| Credit institutions430/8 | €478,733 | - | - | - | - |
| Trade debts44 | €6,995 | €30,988 | €21,215 | €1,814 | ▼ 91.5% |
| Suppliers440/4 | €6,995 | €30,988 | €21,215 | €1,814 | ▼ 91.5% |
| Taxes, remuneration and social security45 | - | €15,050 | €10,557 | €4,938 | ▼ 53.2% |
| Taxes450/3 | - | €15,050 | €10,557 | €4,938 | ▼ 53.2% |
| Other amounts payable47/48 | - | - | - | €86 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,506 | €68,977 | -€38,141 | -€9,298 | ▲ 75.6% |
| Operating cash flow (approximation) | -€21,506 | €68,977 | -€38,141 | -€9,298 | ▲ 75.6% |
| Change in cash | - | €63,049 | -€53,571 | -€8,217 | ▲ 84.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as SimBa has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SimBa itself is lower: 0.5% within 12 months. It rests on far more data about SimBa than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 3,591 companies, not a prediction for SimBa. 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.
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Baets Kevin |
|
| CommV vos |
|
Network & group
SimBa shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of SimBa. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-04
Gazette deed
Resignation: CommV vos (director)Director discharge3 points ▸
- General meeting, 14-02-2024
- Director resignation, CommV vos (director (not named in the articles))
- Director discharge, CommV vos (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71352C0889/00H000 | Flanders | 712 m² | 1 · 115 m² | 10.1 m · 2 |