SIMCO
ActiveSummary
SIMCO has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €17,115. Equity is growing by about 3.6% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €2.6m
- Profit
- €17,115
Why 96lowers riskSize: total assets €3.0mEquity €2.6m (86.5% of total assets)Founded in 1992Liquidity: current ratio 28.85, cash €517,900, halvedShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 82% on solvency, 90% on liquidity, 46% on profitability and 51% on growth.
The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 76 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Liquidity more than triplescurrent ratio 24.24
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 94% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 14,766 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.002m | €1.2m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 6.8% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.05m | €0.03m | €0.03m | €0.03m | ▲ 6.0% |
| Non-recurring operating charges66A | - | - | - | - | €300 | - | - | - | - |
| Gross operating margin9900 | €0.5m | €0.5m | €0.2m | €0.2m | €1.5m | €0.1m | €0.2m | €0.08m | ▼ 52.5% |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.05m | -€0.03m | €1.4m | €0.06m | €0.09m | €0.005m | ▼ 94.4% |
| Financial income75/76B | - | - | - | €1 | €1 | €5 | €0.04m | €0.04m | ▲ 14.2% |
| Recurring financial income75 | - | €2 | - | €1 | €1 | €5 | €0.04m | €0.04m | ▲ 13.9% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €84 | - |
| Financial charges65/66B | - | - | - | €0.04m | €0.04m | €0.02m | €0.02m | €0.02m | ▼ 6.3% |
| Recurring financial charges65 | €0.07m | €0.06m | €0.05m | €0.04m | €0.04m | €0.02m | €0.02m | €0.02m | ▼ 12.9% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.001m | - |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | -€0.003m | -€0.07m | €1.3m | €0.04m | €0.1m | €0.02m | ▼ 75.9% |
| Income taxes67/77 | - | - | - | - | €0.3m | €0.01m | €0.03m | €0.008m | ▼ 74.3% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | -€0.003m | -€0.07m | €1.0m | €0.03m | €0.07m | €0.02m | ▼ 76.6% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | -€0.003m | -€0.07m | €1.0m | €0.03m | €0.07m | €0.02m | ▼ 76.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.3m | €4.2m | €3.7m | €3.5m | €3.8m | €3.1m | €3.0m | €3.0m | ▼ 1.8% |
| Fixed assets21/28 | €4.1m | €3.3m | €3.2m | €3.0m | €1.6m | €1.5m | €0.9m | €0.9m | ▼ 5.1% |
| Tangible fixed assets22/27 | €4.1m | €3.3m | €3.2m | €3.0m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 5.1% |
| Land and buildings22 | - | - | - | €3.0m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 5.1% |
| Plant, machinery and equipment23 | - | - | - | €481 | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 35.7% |
| Furniture and vehicles24 | - | - | - | €205 | - | - | - | - | - |
| Financial fixed assets28 | €264 | €264 | €264 | €264 | €0.6m | €0.6m | €264 | €264 | = |
| Current assets29/58 | €0.2m | €0.9m | €0.5m | €0.5m | €2.2m | €1.6m | €2.1m | €2.1m | ▼ 0.4% |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | - | €0.006m | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €0.006m | - |
| Current investments50/53 | - | - | - | - | - | €0.5m | €1.1m | €1.6m | ▲ 48.5% |
| Cash at bank and in hand54/58 | €0.2m | €0.9m | €0.5m | €0.4m | €2.2m | €1.1m | €1.0m | €0.5m | ▼ 50.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.02m | €0.002m | - | €0.002m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.3m | €4.2m | €3.7m | €3.5m | €3.8m | €3.1m | €3.0m | €3.0m | ▼ 1.8% |
| Equity10/15 | €1.9m | €2.2m | €2.2m | €2.1m | €2.4m | €2.5m | €2.5m | €2.6m | ▲ 0.7% |
| Contributions10/11 | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Capital10 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Issued capital100 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.2m | €0.3m | €0.3m | €0.4m | ▲ 4.9% |
| Non-distributable reserves130/1 | - | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 1.8% |
| Legal reserve130 | - | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 1.8% |
| Distributable reserves133 | - | - | - | €0.01m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 5.5% |
| Profit (loss) carried forward14 | -€0.3m | -€0.04m | -€0.04m | -€0.1m | - | - | - | - | - |
| Amounts payable17/49 | €2.4m | €2.0m | €1.6m | €1.4m | €1.4m | €0.7m | €0.5m | €0.4m | ▼ 15.4% |
| Amounts payable after more than one year17 | €2.2m | €1.9m | €1.4m | €1.2m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 15.8% |
| Financial debts170/4 | - | - | - | €1.2m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 15.8% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.1m | €0.2m | €0.9m | €0.2m | €0.09m | €0.07m | ▼ 16.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.07m | €0.08m | €0.07m | €0.06m | ▼ 10.4% |
| Trade debts44 | €0.008m | €0.004m | €0.003m | €0.005m | €0.002m | €0.001m | €111 | €0.01m | ▲ 10,180% |
| Suppliers440/4 | - | - | - | €0.005m | €0.002m | €0.001m | €111 | €0.01m | ▲ 10,180% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.1m | €0.1m | €0.02m | €0.002m | ▼ 92.0% |
| Taxes450/3 | - | - | - | - | €0.1m | €0.1m | €0.02m | €0.002m | ▼ 92.0% |
| Other amounts payable47/48 | - | - | - | - | €0.7m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.01m | €0.009m | €0.01m | €0.01m | ▲ 8.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | -€0.003m | -€0.07m | €1.0m | €0.03m | €0.07m | €0.02m | ▼ 76.6% |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 6.8% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.1m | €0.07m | €1.1m | €0.08m | €0.1m | €0.06m | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | €0.6m | -€0.01m | €0 | €1.4m | €1 | €0.6m | €0.001m | ▼ 99.7% |
| Change in cash | - | €0.7m | -€0.3m | -€0.1m | €1.8m | -€1.1m | -€0.04m | -€0.5m | ▼ 1,220% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-05-2026 | 2026-00119513 |
| 31-12-2024 | micro format | 23-05-2025 | 2025-00105982 |
| 31-12-2023 | micro format | 03-05-2024 | 2024-00082532 |
| 31-12-2022 | micro format | 12-05-2023 | 2023-00087269 |
| 31-12-2021 | micro format | 06-05-2022 | 2022-20020655 |
| 31-12-2020 | micro format | 07-05-2021 | 2021-13700117 |
| 31-12-2019 | micro format | 05-06-2020 | 2020-15100188 |
| 31-12-2018 | micro format | 03-05-2019 | 2019-12300095 |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26100157 |
| 31-12-2016 | micro format | 12-05-2017 | 2017-11900590 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
16-01
Gazette deed
Reappointments: Johan Simoens, Peter-Jan Petry and 3 othersAmendment of the articles · Registered-office move · Power of attorney13 facts ▸
- General meeting, “buitengewone algemene vergadering” (deed in Dutch)
- Amendment of the articles (2 times)
- General meeting, “Titel IV: Bestuur en vertegenwoordiging, als bestuursorgaan verder met Raad van Bestuur te werken” (deed in Dutch)
- Director reappointment, Johan Simoens (class A director)
- Director reappointment, Peter-Jan Petry (class B director)
- Director reappointment, Francis Bosschem (c bestuurder)
- Director reappointment, Benedikt Simoens (d bestuurder)
- Director reappointment, Michel Simoens (director)
- Board meeting, “jaarvergadering 2029, gedelegeerd bestuurder” (deed in Dutch)
- Board meeting, “jaarvergadering 2029, voorzitter van de Raad van Bestuur” (deed in Dutch)
- Registered-office move, 8000 Brugge, Kraanplein 8 bus 10
- Power of attorney
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 12 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 18 October 2026 · Peppol Directory
General meetings
1 meeting noticeScores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31425C0270/00T003 | Flanders | 3,269 m² | 1 · 393 m² | 15.2 m · 3 |
| 31806F0629/00D000 | Flanders | 424 m² | 1 · 81 m² | 17.0 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het patrimonium, gevormd door inbrengsten en aankopen en grotendeels bestaande uit onroerende goederen, te behouden, in de ruimste zin van…” (deed in Dutch)
6 activities (deed in Dutch)
- Het patrimonium, gevormd door inbrengsten en aankopen en grotendeels bestaande uit onroerende goederen, te behouden, in de ruimste zin van het woord beheren en oordeelkundig uitbreiden.
- Het kopen, verkopen, uitbaten, huren, verhuren, onderverhuren, valoriseren, enzovoort, van alle onroerende en roerende goederen, alleen of in participatie, voor eigen rekening of voor rekening van derden.
- Het bouwen en verbouwen van gehuurde onroerende goederen of in eigendom.
- Het uitbaten van een hotel, restaurant, café, cafetaria, tearoom of tafelhoudersbedrijf, dit alles in de meest uitgebreide zin.
- Het beheer van vennootschappen.
- De groot- en kleinhandel, de aan- en verkoop, de in- en uitvoer, de vertegenwoordiging, het onderhoud en het herstellen van alle textielwaren, kledij, schoeisel en andere lederwaren, siervoorwerpen, hoofddeksels, ondergoed, kousen, handtassen, regenschermen en alle andere voorwerpen dienende voor de opschik van baby's, kinderen, dames en heren, alsmede aanverwante artikelen en toebehoren, in de meest ruime zin van het woord.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SIMCO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan zetel verplaatsen zonder statutenwijziging volgens WVV” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Artikel 13: Samenstelling van de raad van bestuur, te allen tijde zonder opgave van redenen met onmiddellijke ingang” (deed in Dutch)“Raad kiest voorzitter uit midden, voorzitterschap raad van bestuur” (deed in Dutch)“Plaats in oproepingsbrief, bij gebrek zetel, bijeenroeping raad van bestuur” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, alleen algemene vergadering bevoegd volgens wet of statuten” (deed in Dutch)“Mandaat bestuurder niet bezoldigd, andersluidende beslissing algemene vergadering” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “2.7. Betaling van de prijs, vaststelling van de prijs” (deed in Dutch)“Niet verplicht hoger percentage in te kopen dan percentage kandidaat-overdrager verkoopt, iedere aandeelhouder mogelijkheid evenredig deel…” (deed in Dutch)“Intrinsieke waarde, B. Overdracht van aandelen bij overlijden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of May at 15:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering, benoeming vereffenaars” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen in wet vermeld” (deed in Dutch)1 more provision on this in the deed