SIMBO
ActiveSummary
SIMBO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €466,130 and a net result of €99,342. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 86% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.66 against 6.27 in 2023; short-term debt: 17.6% and cash: 13.5% of total assets), and 17.6% of the assets are financed with debt.
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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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
82.4%
Return on assets
17.6%
Age of the figures
21 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 20-06-2025, 41 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
26 d early
2022
70 d early
2021
19 d early
2020
26 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€466,130▼ 7.1%
2023 · €501,752
Total assets
€565,576▲ 1.4%
2023 · €557,912
Net result
€99,342▼ 26.4%
2023 · €134,964
Working capital
€264,509▼ 10.7%
2023 · €296,137
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€197,173▲ 44.4%€170,061▼ 13.8%€241,547▲ 42.0%€189,557▼ 21.5%€134,258▼ 29.2%
Net result€137,973▲ 45.3%€115,270▼ 16.5%€162,463▲ 40.9%€134,964▼ 16.9%€99,342▼ 26.4%
Equity€239,117▲ 136%€354,387▲ 48.2%€366,787▲ 3.5%€501,752▲ 36.8%€466,130▼ 7.1%
Total assets€496,037▲ 233%€534,306▲ 7.7%€853,999▲ 59.8%€557,912▼ 34.7%€565,576▲ 1.4%
Debt€256,919▲ 438%€179,919▼ 30.0%€487,212▲ 171%€56,160▼ 88.5%€99,447▲ 77.1%
Working capital€143,215▲ 56.4%€124,286▼ 13.2%€143,969▲ 15.8%€296,137▲ 106%€264,509▼ 10.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +60% on 2021. Cause not known from the registers.
- 2020 Equity +136%, Total assets +233% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 29% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €565,576
Fixed assets
€201,620 ▼ 1.9%
Current assets
€363,956 ▲ 3.3%
Equity and liabilities €565,576
Equity
€466,130 ▼ 7.1%
Debt
€99,447 ▲ 77.1%
Debt's share of the balance-sheet total rises from 10.1% to 17.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€138,251▼
2023 · €193,551
Cash flow
€103,336▼
2023 · €138,958
Current ratio
3.66▼
2023 · 6.27
Quick ratio
2.86▼
2023 · 4.05
Debt to equity
0.21▲
2023 · 0.11
ROE
21.3%▼
2023 · 26.9%
ROA
17.6%▼
2023 · 24.2%
Interest coverage
97.76▲
2023 · 33.45
Debt ≤ 1 year
€99,447▲
2023 · €56,160
Income taxes
€36,278▼
2023 · €49,979
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,776 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,963 | €4,138 | €5,978 | €3,994 | €3,994 | = |
| Other operating charges640/8 | - | €4,055 | €5,477 | €3,105 | €2,032 | ▼ 34.6% |
| Gross operating margin9900 | €200,602 | €178,254 | €253,002 | €196,656 | €140,284 | ▼ 28.7% |
| Operating profit (loss)9901 | €197,173 | €170,061 | €241,547 | €189,557 | €134,258 | ▼ 29.2% |
| Financial income75/76B | - | €1,645 | €2,622 | €1,172 | €2,777 | ▲ 137% |
| Recurring financial income75 | €1,793 | €1,645 | €2,622 | €1,172 | €2,777 | ▲ 137% |
| Financial charges65/66B | - | €4,211 | €21,144 | €5,786 | €1,414 | ▼ 75.6% |
| Recurring financial charges65 | €1,842 | €4,211 | €21,144 | €5,786 | €1,414 | ▼ 75.6% |
| Profit (loss) for the period before taxes9903 | €197,124 | €167,495 | €223,025 | €184,944 | €135,621 | ▼ 26.7% |
| Income taxes67/77 | €59,151 | €52,225 | €60,562 | €49,979 | €36,278 | ▼ 27.4% |
| Profit (loss) for the period9904 | €137,973 | €115,270 | €162,463 | €134,964 | €99,342 | ▼ 26.4% |
| Profit (loss) for the period to be appropriated9905 | €137,973 | €115,270 | €162,463 | €134,964 | €99,342 | ▼ 26.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €496,037 | €534,306 | €853,999 | €557,912 | €565,576 | ▲ 1.4% |
| Fixed assets21/28 | €235,903 | €230,102 | €222,818 | €205,614 | €201,620 | ▼ 1.9% |
| Tangible fixed assets22/27 | €235,903 | €130,102 | €35,318 | €18,114 | €14,120 | ▼ 22.0% |
| Land and buildings22 | - | €104,000 | €0 | - | - | - |
| Furniture and vehicles24 | - | €8,090 | €19,725 | €4,940 | €3,364 | ▼ 31.9% |
| Other tangible fixed assets26 | - | €18,011 | €15,593 | €13,175 | €10,756 | ▼ 18.4% |
| Financial fixed assets28 | - | €100,000 | €187,500 | €187,500 | €187,500 | = |
| Current assets29/58 | €260,134 | €304,204 | €631,180 | €352,298 | €363,956 | ▲ 3.3% |
| Amounts receivable after more than one year29 | - | €50,000 | €50,000 | €50,000 | €174,547 | ▲ 249% |
| Other amounts receivable291 | - | €50,000 | €50,000 | €50,000 | €174,547 | ▲ 249% |
| Stocks and contracts in progress3 | - | €9,161 | €234,000 | €124,845 | €80,000 | ▼ 35.9% |
| Stocks30/36 | - | €9,161 | €234,000 | €124,845 | €80,000 | ▼ 35.9% |
| Amounts receivable within one year40/41 | €384 | €1,567 | €50,895 | €16,498 | €30,943 | ▲ 87.6% |
| Trade receivables40 | - | €1,567 | €36,297 | €6,509 | €24,194 | ▲ 272% |
| Other amounts receivable41 | - | - | €14,598 | €9,989 | €6,750 | ▼ 32.4% |
| Current investments50/53 | - | €74,080 | €61,667 | €65,546 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22,306 | €144,799 | €232,752 | €93,734 | €76,499 | ▼ 18.4% |
| Deferred charges and accrued income490/1 | - | €24,597 | €1,867 | €1,674 | €1,967 | ▲ 17.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €496,037 | €534,306 | €853,999 | €557,912 | €565,576 | ▲ 1.4% |
| Equity10/15 | €239,117 | €354,387 | €366,787 | €501,752 | €466,130 | ▼ 7.1% |
| Contributions10/11 | - | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €232,917 | €348,187 | €348,187 | €483,152 | €447,530 | ▼ 7.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €7,510 | €7,510 | €7,510 | €7,510 | = |
| Distributable reserves133 | - | €338,817 | €338,817 | €475,641 | €440,019 | ▼ 7.5% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €256,919 | €179,919 | €487,212 | €56,160 | €99,447 | ▲ 77.1% |
| Amounts payable after more than one year17 | €140,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €116,919 | €179,919 | €487,212 | €56,160 | €99,447 | ▲ 77.1% |
| Financial debts43 | - | €28,450 | €172,560 | €34,399 | €9,145 | ▼ 73.4% |
| Credit institutions430/8 | - | €28,450 | €172,560 | €34,399 | €9,145 | ▼ 73.4% |
| Trade debts44 | €6,562 | €24,405 | €66,799 | €6,561 | €80,070 | ▲ 1,120% |
| Suppliers440/4 | - | €24,405 | €66,799 | €6,561 | €80,070 | ▲ 1,120% |
| Advances received on contracts in progress46 | - | €3,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €120,446 | €80,749 | €15,201 | €10,231 | ▼ 32.7% |
| Taxes450/3 | - | €120,446 | €80,749 | €15,201 | €10,231 | ▼ 32.7% |
| Other amounts payable47/48 | - | €3,617 | €167,103 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137,973 | €115,270 | €162,463 | €134,964 | €99,342 | ▼ 26.4% |
| + Depreciation and write-downs630 | €2,963 | €4,138 | €5,978 | €3,994 | €3,994 | = |
| Operating cash flow (approximation) | €140,936 | €119,408 | €168,441 | €138,958 | €103,336 | ▼ 25.6% |
| Investment in fixed assets (approximation) | - | €1,663 | €1,305 | €13,211 | €0 | ▼ 100% |
| Change in cash | - | €122,493 | €87,953 | -€139,017 | -€17,236 | ▲ 87.6% |
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
2026
01-09
State Gazette act
General meeting · Merger
Accounting effect · Statutes amendment
01-09
State Gazette act
General meeting · Merger
Dissolution · Asset distribution
01-09
State Gazette act
General meeting · Merger
Accounting effect · Power of attorney
01-09
State Gazette act
Merger · Accounting effect
Other statement · Power of attorney
28-07
State Gazette act
General meeting · Dissolution
Liquidation closure · Director resignation
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 6.27
Current ratio from 1.30 to 6.27; short-term debt falls from €487,212 to €56,160.
31-12
Financial
Equity above €500,000Eq €501,752 ▲36.8%
5 profitable years in a row build equity to €501,752.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €162,463 ▲40.9%
Operating result €241,547, net result €162,463, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €239,117 ▲136%
2 profitable years in a row build equity to €239,117.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tessenderlo-Ham · 1 establishment unit since 2018
Ground area
1,063 m²
Building footprint
172 m²
Volume, LiDAR
1,128 m³
Parcel 71364E1506/00P000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SIMBO
since 20182.278.300.465
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71364E1506/00P000 | Flanders | 1,063 m² | 1 · 172 m² | 9.7 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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 4,775 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700734037
Also
9925:BE0700734037
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.