Result
€17,115 ▼ 76.6%
The result fell in 2025 from €73,079 to €17,115.
SIMCO
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €1.5m (2022)
€78,391▼ 52.5%
lowest -€178,730 (2011)
€17,115▼ 76.6%
peak €2.6m (2025)
€2.6m▲ 0.7%
€398,578▼ 15.4%
Board11 names since 2015
5 directors and 4 others
Documentsfilings and deeds
22-05-202670 days before the deadline
2025micro format
Gross margin from €165,144 to €78,391Result from €73,079 to €17,115Debts from €471,107 to €398,578Cash from €1.0m to €517,900
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 14,768 companies had the same profile as SIMCO has now. Each dot stands for 37 companies, two years later.
96.1%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 14,768 companies, not a prediction for SIMCO. 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
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Signals
Board and ownership
Chair
Director, since 11-12-2023
Director
Director
Director, since 11-12-2023
Recent changes
Registered office moved from St-Andries to Bruges
New registered office: Kraanplein 8 bus 10, 8000 Brugge · Previous registered office: Zandstraat 2- 8200 St-Andries · Reappointments: (class A director), (class B director), (class C director), (class D director) and · Gazette deed
5 directors reappointed
. (managing director), , , and · General meeting of 06-05-2021 · Gazette deed
New managing director
appointed, resigned · Director discharge: (managing director) · General meeting of 09-12-2018 · Gazette deed
Resignations: (director) and (director)
Director discharge: · Director discharge: · General meeting of 17-05-2018 · Gazette deed
Official details
Source: KBO- Status
- Active since 15-06-1992Normal situation
- Activity
- “Het patrimonium, gevormd door inbrengsten en aankopen en grotendeels bestaande uit onroerende goederen, te…” (deed in Dutch)From the articles, 6 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.058.076.5168200 Bruges, since 03-07-1992
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €3.0m▼ 1.8%
- Filing
- Filed on 22-05-2026, 70 days before the end of the filing period
Insights on SIMCO
SIMCO files the micro format. That format states no turnover. The gross margin fell from €139,676 in 2006 to €78,391 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIMCO
- What is the company number of SIMCO?
- The company number of SIMCO is 0447.636.093. The VAT number is the same number with BE in front: BE 0447.636.093.
- Where is SIMCO based?
- The registered office is at Kraanplein 8, 8000 Bruges.Company details
- What is the legal form of SIMCO?
- SIMCO is a public limited company (NV).
- When was SIMCO founded?
- SIMCO was founded on 15-06-1992.
- Is SIMCO still active?
- Yes, SIMCO is an active enterprise in the KBO register.
- What is the turnover of SIMCO?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €78,391 and 2,981 comparable companies of the same size. It probably lies between €150,000 and €400,000. It is a rough estimate.Financials
- Is SIMCO profitable?
- In financial year 2025, SIMCO made a profit of €17,115.
- Where can I find the annual accounts of SIMCO?
- SIMCO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIMCO due?
- SIMCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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