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SIMCO

Active Public limited companyfounded 1992active for 34 yearsBietstraat 57, 8800 RoeselareKBO/BCE: BE 0448.450.794 subsidiary of P-vest
SIMCO
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Overview

Lifetime

19 annual accounts with figures on one time axis, 33 filings since 1993
peak €527,501 (2023)
€346,163▲ 275%
lowest -€42,675 (2013)
€232,475▲ 337%
peak €1.7m (2025)
€1.7m▲ 182%
€1.0m▼ 6.2%
peak 3.9 FTE (2023)
0 FTE▼ 100%
Board4 names since 2017
1 directorP-vest
Owners
100%P-vest
Documentsfilings and deeds
30-01-20261 days before the deadline
2025abbreviated format
Gross margin from €92,317 to €346,163Result from €53,179 to €232,475Staff from 1.5 FTE to 0 FTEDemerger: DEMA-SHOP splits off to SIMCO 24-10Demerger proposal: DEMA-SHOP splits off to SIMCO 13-08Dividend €100,000

Key points

from the 2025 annual accounts

Equity

€1.7m ▲ 182%
0.62024+0.2Profit-0.1Dividend+1.0Other1.72025

SIMCO paid out €100,000 in dividends. That is 43% of the 2025 profit.

Result

€232,475 ▲ 337%
€53,2002024€232,0002025

The result rose in 2025: restructuring with ACCU SERVICE.

Turnover

≈ €390,000 estimated

The abbreviated format states no turnover.

Investments

€3.1m 58.9 × depreciation
20242025

Green is investment, beige is depreciation. Land and buildings stand 387.4% higher than in 2024.

Position in the sector

€232,475

Higher net result than 88% of companies in real estate. Sector median €9,988 · 11,280 companies.

Checked score

98
Excellent
Financially stronger than 81% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,998 companies (NACE 68, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2% 01-2025: 0.3%▲ +0.1 percentage points vs 12-2024 02-2025: 0.5%▲ +0.2 percentage points vs 01-2025highest value 03-2025: 0.2%▼ -0.3 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%▲ +0.2 percentage points vs 01-2026 03-2026: < 0.1%▼ -0.5 percentage points vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: 0.1%▲ +0.1 percentage points vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

88+27equity 62.5% of total assets
51+7short-term debt 9.8% · cash 0.4%
79+51return on assets 8.3%

Score breakdown

raises risk
Liquidity: current ratio 2.82, cash €11,820
lowers risk
Founded in 1992
Size: total assets €2.8m
Figures for financial year 2025 (filed on 05-02-2026)
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 68, small). It does better than 77% of them on solvency, 61% on liquidity, 89% on profitability and 96% on growth.

The bankruptcy probability was computed on 06-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 20,137 companies had the same profile as SIMCO has now. Each dot stands for 51 companies, two years later.

95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of SIMCO itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,137 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

Credit of up to €170,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.82 (2.2 in 2024), above the usual 1.5. Short-term debt is 9.8% and cash 0.4% of total assets. 37.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 2.82, cash €11,820
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: total assets €2.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 05-02-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
1 day early
2023
78 days early
2022
7 days early
2021
9 days late
2020
11 days late
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PV
P-vest
Director, Frederik Debrabander, since 22-12-2022
AB
A&C - Bedrijfsrevisor
Auditor, Bert De Clercq
  • P-vest 100%score 92equity €4.4m (2025) · 30-09-2025 annual accounts of P-vest

Shares in 1 company, Accu Service

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0448450794
Demerger: DEMA-SHOP splits off to SIMCO Capital increase of €9,725.90 to €566,105.90 · Capital from €556,380 to €566,105.90 · Appointment: A&C - Bedrijfsrevisor (company auditor) · General meeting of 23-09-2025 · Gazette deed
Demerger proposal: DEMA-SHOP splits off to SIMCO Permanent representatives: Frederik DEBRABANDER and Bert DE CLERCQ · Capital of €62,000, 841 shares · Capital of €556,380, 238 shares · Gazette deed
Demerger: LEENKNECHT INVEST splits off to ACCU SERVICE Company renamed to SIMCO · New name: SIMCO · Appointment: POUSELE CARON BEDRIJFSREVISOREN (bedrijfsrevisor inbreng in natura) · General meeting of 06-12-2023 · Gazette deed
All 50 events

Comparable companies

same main activity, similar in size and age
Company
SIMCO Roeselare €2.8m €346,163 62.5% 0
DEKIMMAR Diksmuide €2.9m €277,574 22.3% 0
GROEP TER LINDE Lendelede €3.3m €367,362 46.3% 0
VANDEBOS IMMO Alken €2.7m €344,862 28.6% 0
DE BEAUVOORDER PATE Veurne €3.1m €227,634 79.7% 0
FENOMA Knokke-Heist €3.1m €593,434 33.2% 0
P.S.-ORION De Haan €2.0m €294,326 38.1% 0

These companies have the same main activity as SIMCO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2m and €3.3m, founded between 1988 and 2001.

Official details

Source: KBO
Status
Active since 14-10-1992Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 30-06-2022
Establishment unit
2.059.395.2218800 Roeselare, since 30-10-1992
Financial year end
30 June
Peppol
Reachable since 28-11-2025
Company details

Annual accounts to 30-06-2025

€346,163▲ 275%
€232,475▲ 337%
€1.7m▲ 182%
€2.8m▲ 60.9%
Filing
Filed on 30-01-2026, 1 day before the end of the filing period
Financials

Companies linked to SIMCO

Insights on SIMCO

SIMCO files the abbreviated format. That format states no turnover. The gross margin rose from €175,910 in 2007 to €346,163 in 2025.

The balance sheet grew most in 2025 through fixed assets.

P-vest holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 30-01-2026, 1 day before the deadline
€346,163
▲ 275%
€291,522
▲ 942×
€232,475
▲ 337%
€496,763
▲ 19.5%
62.5%
▲ 26.9 percentage points
2.82
▲ 0.62

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €390,000. Estimated: probably between €350,000 and €430,000.

Balance sheet

balance sheet total €2.8m on 30-06-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

62.5%

Higher than 74% of 11,289 companies in 2025.

2.82

Higher than 76% of 10,841 companies in 2025.

8.3%

Higher than 82% of 11,174 companies in 2025.

SIMCO Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 2.8m1.7m2.2m1.9m1.6m1.5m1.5m1.5m1.5m1.4m1.4m1.4m1.5m1.5m1.4m1.4m1.4m1.4m1.3m
21/28 2.0m973,336923,584919,734920,183920,632927,726934,819941,912959,843944,751956,234967,717929,710940,858951,775977,4771.0m1.0m
22/27 1.3m270,74254,13654,58555,03555,48462,57769,67076,76394,69579,60291,086102,56964,56275,71086,626112,329147,073182,067
22 1.3m270,74254,13654,58555,03555,48455,93356,38356,83257,28157,92658,57259,21764,56275,71081,10992,865105,395118,174
24 ------6,64413,28819,93237,41321,67632,51443,352--5,51719,46441,67863,893
28 702,594702,594869,448865,148865,148865,148865,148865,148865,148865,148865,148865,148865,148865,148865,148865,148865,148865,148865,148
29/58 769,246761,1471.3m1.0m697,436584,963552,538522,430527,992415,120450,573446,168499,997548,865469,995481,889388,639367,461237,977
40/41 733,629731,4851.2m977,206672,113571,177530,069506,110506,822401,492435,970427,952485,029531,938454,241466,802381,583359,131230,433
40 28,1760355,000250,000318,150118,15060,000-171,30590,00040,000--52,4001,43840,000-80,000130,495
41 705,453731,485856,504727,206353,963453,027470,069506,110335,517311,492395,970427,952485,029479,538452,804426,802381,583279,13199,938
54/58 11,8202,69417,1914,9162,7714,8917,357-8,9602,6791,4761,498-----2921,594
490/1 23,79726,96823,92418,21922,5518,89515,11316,32012,20910,94913,12816,71814,96716,92715,75415,0887,0568,0375,950
Balance sheet: equity and liabilities
10/49 2.8m1.7m2.2m1.9m1.6m1.5m1.5m1.5m1.5m1.4m1.4m1.4m1.5m1.5m1.4m1.4m1.4m1.4m1.3m
10/15 1.7m618,645679,467679,467624,150589,149555,882555,174560,286551,767543,469555,488614,859657,534618,721620,658579,447590,462520,826
10/11 566,106556,380556,380556,380556,380556,380556,380556,380556,380556,380556,380556,380304,839304,839304,839304,839304,839304,839304,839
10 556,380556,380556,380556,380---------------
100 556,380556,380556,380556,380556,380556,380556,380556,380556,380556,380556,380556,380304,839304,839304,839304,839304,839304,839304,839
11 9,726------------------
1109/19 9,726------------------
13 1.2m62,26555,63855,63851,63732,32330,48430,48430,48430,48430,48430,48430,48430,48430,48430,48430,48430,48430,484
130/1 62,68755,63855,63855,63851,63732,323-------------
130 55,63855,63855,63855,63851,63732,32330,48430,48430,48430,48430,48430,48430,48430,48430,48430,48430,48430,48430,484
1311 7,049------------------
132 5,6845,684-----------------
133 1.1m943-----------------
14 0067,44967,44916,133446-30,982-31,690-26,578-35,097-43,395-31,376279,536322,211283,399285,335244,124255,140185,503
17/49 1.0m1.1m1.5m1.2m993,468916,446924,382902,075909,618823,196851,855846,914852,855821,041792,132813,006786,670789,221764,366
17 741,000741,000741,000741,000741,000741,000741,000741,000741,000741,000741,000741,000600,131583,156576,630570,461564,629559,117553,908
170/4 741,000741,000741,000741,000741,000741,000741,000741,000741,000741,000741,000741,000600,131583,156576,630570,461564,629559,117553,908
42/48 272,483345,566755,736499,609252,468175,446183,382161,075166,31882,196110,855105,914239,414223,537198,526226,347206,259214,664195,575
42 -----------9,37512,500-----15,024
43 -------6,199--3,9635,6374,4136,8241,5854,2573,1528,4326,499
430/8 -------6,199--3,9635,6374,4136,8241,5854,2573,1528,4326,499
44 11,3504,80931,69212,91130,40945,22619,65734,42662,40834,49357,52547,42029,49937,91425,26556,97151,30042,22528,914
440/4 11,3504,80931,69212,91130,40945,22619,65734,42662,40834,49357,52547,42029,49937,91425,26556,97151,30042,22528,914
45 35,9101,04982,25029,45636,30552,165127,18892,30964,17933,02045,02643,48243,90230,19830,98431,17625,24142,29223,937
450/3 35,9101,04937,8752,32618,54231,91079,50848,72839,3069,16920,91120,12222,91313,1109,99511,7846,52424,4287,674
454/9 -044,37527,12917,76220,25547,68143,58124,87223,85224,11523,36020,98817,08820,98919,39118,71717,86416,263
47/48 225,223339,708641,794457,242185,75578,05636,53728,14039,73114,6834,341-149,100148,601140,693133,943126,567121,715121,201
492/3 32,67929,271------2,300---13,31014,34916,97616,19915,78115,44014,883
Income statement
76A ----015,000---2,479-5,45510,331-----1,000
9900 346,16392,317527,501384,483364,966299,534199,394192,082225,354221,875185,939145,506117,884204,423173,985216,217181,341252,628175,910
62 060,146251,983166,340178,166166,575157,103157,768123,268160,315154,530152,141123,414133,102129,342121,015113,741107,12196,103
630 53,11927,8354494494497,0937,0937,09317,93118,12711,48311,48318,47511,14817,60825,70334,74434,99335,143
640/8 1,5234,0272,6512,5552,5842,9363,4454,1266,6744,1213,1822,7774,7604,1264,3664,7013,8464,2373,981
9901 291,522309272,418215,140183,767122,93031,75323,09677,48139,31216,743-20,895-28,76556,04722,66964,79929,010106,27740,683
75/76B 23,804100,501184,295316,841270,81815,13826,65126,0551.0m19,54724,56934,96629,02537,65625,81326,17913,08812,42511,282
75 23,804100,501184,295316,841270,81815,13826,65126,0551.0m19,54724,56934,96629,02537,65625,81326,17913,08812,42511,282
65/66B 48,00046,06348,10456,11554,49952,82053,05653,11253,24653,04352,96850,57552,71651,59050,41849,76653,11449,06648,880
65 48,00046,06348,10456,11554,49952,82053,05653,11253,24653,04352,96850,57552,71651,59050,41849,76653,11449,06648,880
9903 267,32554,748408,609475,865400,08685,2485,349-3,9611.0m8,296-11,657-31,049-42,12542,113-1,93741,211-11,01569,6364,085
67/77 34,8511,57040,33721,40613,80517,4814,6411,15122,085-33623725503,300--0--
9904 232,47553,179368,272454,459386,28167,767708-5,1121.0m8,298-12,019-31,422-42,67538,813-1,93741,211-11,01669,6364,085
689 05,684-----------------
9905 232,47547,495368,272454,459386,28167,767708-5,1121.0m8,298-12,019-31,422-42,67538,813-1,93741,211-11,01669,6364,085
Appropriation of the result
9906 232,475114,943435,721470,592386,72736,785-30,982-31,690983,502-35,097-43,395248,114279,536322,211283,399285,335244,124255,140185,503
14P 067,44967,44916,133---------------
691/2 7,47594304,00119,3141,839-----279,490-------
691 -----------279,490-------
6920 --04,00119,3141,839-------------
6921 7,475943-----------------
694/7 225,000114,000368,272399,143351,28034,500--1.0m----------
694 100,000114,000268,272299,143251,280---990,080----------
695 125,0000100,000100,000100,00034,500--20,000----------
Social balance sheet
9087 01.53.92.6322.82.822.9332.32.52.71.32.52.52.5
Hours worked1013 -2,3956,5234,4395,1942,5963,9064,6873,4845,1665,0634,9924,0704,3004,5672,1764,3094,4754,104
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 14 older financial years (1993-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 30-01-2026 2026-00033200 PDF
30-06-2024 abbreviated format 30-01-2025 2025-00027478 PDF
30-06-2023 abbreviated format 14-11-2023 2023-00512032 PDF
30-06-2022 abbreviated format 24-01-2023 2023-00016012 PDF
30-06-2021 abbreviated format 09-02-2022 2022-05500179 PDF
30-06-2020 abbreviated format 11-02-2021 2021-05200447 PDF
30-06-2019 abbreviated format 17-01-2020 2020-01700169 PDF
30-06-2018 abbreviated format 15-01-2019 2019-01500565 PDF
30-06-2017 abbreviated format 31-01-2018 2018-04200457 PDF
30-06-2016 abbreviated format 31-01-2017 2017-03000342 PDF
30-06-2015 abbreviated format 15-01-2016 2016-02100425 PDF
30-06-2014 abbreviated format 15-01-2015 2015-02000136 PDF
30-06-2013 abbreviated format 13-02-2014 2014-03600168 PDF
30-06-2012 abbreviated format 11-02-2013 2013-03200365 PDF
30-06-2011 abbreviated format 14-02-2012 2012-03100281 PDF
30-06-2010 abbreviated format 08-02-2011 2011-02800484 PDF
30-06-2009 abbreviated format 27-01-2010 2010-02300375 PDF
30-06-2008 abbreviated format 12-02-2009 2009-04000355 PDF
30-06-2007 abbreviated format 10-01-2008 2008-00700031 PDF
30-06-2006 abbreviated format 04-01-2007 2007-00301030 PDF
30-06-2005 abbreviated format 10-01-2006 2006-00602054 PDF
30-06-2004 abbreviated format 06-01-2005 2005-00400474 PDF
30-06-2003 abbreviated format 16-01-2004 2004-01702572 PDF
30-06-2002 abbreviated format 04-02-2003 2003-03502072 PDF
30-06-2001 abbreviated format 18-12-2001 2001-76503725 PDF
30-06-2000 abbreviated format 27-12-2000 2000-77801354 PDF
30-06-1999 abbreviated format 25-01-2000 2000-02203739 PDF
30-06-1998 abbreviated format 22-01-1999 1999-01701148 PDF
30-06-1997 abbreviated format 17-12-1997 1997-56902118 PDF
30-06-1996 abbreviated format 21-01-1997 1997-00904246 PDF
30-06-1995 abbreviated format 13-12-1995 1995-59704749 PDF
30-06-1994 abbreviated format 20-01-1995 1995-01204677 PDF
30-06-1993 abbreviated format 21-01-1994 1994-01301576 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
344,64128,144272,867215,589184,216130,02438,84730,18995,41257,43928,226-9,412-10,29067,19540,27790,50163,755141,27075,826
285,59481,013368,722454,909386,73074,8607,8011,9811.0m26,425-536-19,938-24,20049,96115,67266,91423,729104,62939,228
3.1m763,5664,30000000033,2190056,48306,69200-029,547
9,127-14,49712,2742,145-2,119-2,466--6,2811,203-23-------1,302-
496,763415,580496,882500,733444,967409,517369,157361,355361,674332,924339,718340,254260,583325,328271,469255,543182,380152,79742,402
62.5%35.7%31.2%35.4%38.6%39.1%37.6%38.1%38.1%40.1%38.9%39.6%41.9%44.5%43.9%43.3%42.4%42.8%40.5%
2.822.201.662.002.763.333.013.243.175.054.064.212.092.462.372.131.881.711.22
0.601.802.201.831.591.561.661.621.621.491.571.521.391.251.281.311.361.341.47
13.3%8.6%54.2%66.9%61.9%11.5%0.1%-0.9%181.8%1.5%-2.2%-5.7%-6.9%5.9%-0.3%6.6%-1.9%11.8%0.8%
8.3%3.1%16.9%23.7%23.9%4.5%0.0%-0.4%69.3%0.6%-0.9%-2.2%-2.9%2.6%-0.1%2.9%-0.8%5.0%0.3%
7.180.615.673.84---------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-06-202430-06-202330-06-2022
Employees at the balance-sheet date-63
full-time-63
part-time-00
in full-time equivalents-63
1.53.92.6
On a permanent contract-63
Joined031
Left601

Source: social balance sheet in the 2022 to 2024 annual accounts

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets€3.1m€763,566--
Financial fixed assets--€4,300-
€53,119€27,835€449€449

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on SIMCO

The operating result for 2025 is 942 times that of 2024 and the highest since 2007. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 64.3% to 37.5%. Equity is higher and debt is lower.

Large changes and their cause
  • 2025 Net result +337%, Equity +182%, Total assets +61% on 2024. Demerger with ACCU SERVICE, Official Gazette 02-12-2024.

Board & ownership

Board

1 director, 2 auditors, last change in 2022
P-vest BV
Director, permanent representative Frederik Debrabander
since 22-12-2022 term until 09-12-2028
earlier managing director, until 22-12-2022
listed in the 2025 annual accounts, filed on 30-01-2026
POUSELE CARON BEDRIJFSREVISOREN
Bedrijfsrevisor inbreng in natura
appointed by deed of 02-12-2024
A&C - Bedrijfsrevisor
Statutory auditor, permanent representative Bert De Clercq
appointed by deed of 24-10-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Als de vennootschap ingevolge overlijden of onbekwaamheid nog slechts één bestuurder telt, is het geheel van de bevoegdheden van de raad van…”
“2. Indien er een collegiaal bestuursorgaan is, wordt de vennootschap jegens derden en in rechte geldig vertegenwoordigd door twee…”
Full text

2. Indien er een collegiaal bestuursorgaan is, wordt de vennootschap jegens derden en in rechte geldig vertegenwoordigd door twee bestuurders gezamenlijk optredend of één gedelegeerdbestuurder afzonderlijk optredend.

“5. Wanneer de vennootschap optreedt als bestuurder/zaakvoerder van andere vennootschappen, wordt de vennootschap enkel rechtsgeldig…”
Full text

5. Wanneer de vennootschap optreedt als bestuurder/zaakvoerder van andere vennootschappen, wordt de vennootschap enkel rechtsgeldig vertegenwoordigd door de vaste vertegenwoordiger. Algemene vergadering Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel of op elke andere plaats aangeduid in de oproeping, de tweede zaterdag van de maand december, om zestien uur. Valt de hierboven bepaalde datum op een wettelijke feestdag dan wordt de algemene vergadering verschoven naar de eerstvolgende werkdag. Indien er slechts één aandeelhouder is, dan zal hij op deze datum de jaarrekening voor goedkeuring ondertekenen.

deed of 15-06-2023
Permanent representatives 1
Frederik Debrabander
Permanent representative, for P-vest
in office according to the deed of 17-01-2023

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
P-vest
Director
POUSELE CARON BEDRIJFSREVISOREN
Bedrijfsrevisor inbreng in natura
A&C - Bedrijfsrevisor
Statutory auditor
Elsje Leenknecht
Director
BoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • P-vest
    • Director, from 30-04-2017 to date
    • Managing director, until 22-12-2022
  • POUSELE CARON BEDRIJFSREVISOREN
    • Bedrijfsrevisor inbreng in natura, appointed by deed of 02-12-2024, still in office
  • A&C - Bedrijfsrevisor
    • Statutory auditor, appointed by deed of 24-10-2025, still in office
  • Elsje Leenknecht
    • Director, until 22-12-2022

See the board, name and registered office on a given date →

Control

Parent
P-vest
Equity €4.4m
Profit €67,531 in 2025 (profit €141,330 in 2024)
Checked score 92
Source: accounts P-vest 30-09-2025
100%
This company
SIMCO
Equity €1.7m
Profit €232,475 in 2025

Further up the chainHOOGLAND 100%

Capital

Capital
€566,105.90
Shares
238 in the deed of 13-08-2025
Source
deed of 24-10-2025

Owners through the years

as the annual accounts name them
P-vest
99.58%100%
100%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 15-06-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
Term of at most 6 years
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of December at 16:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Alle machten genoemd in artikel 2:87 WVV zonder bijzondere machtiging, bestuurder(s) in functie”

Capital transactions

Capital over time
  1. 24-10-2025 Capital increase of €9,725.90 · to €566,105.90 · in kind
  2. 13-08-2025 Capital stated in 3 deeds · €556,380 · 238 shares

Network & group

Holdings

own accounts to 30-06-2025, the bar shows equity in euros
This companySIMCO1 holding, 1 country accounts to 30-06-2025

Belgium 1 Equity Result

Source: list of holdings in its own 30-06-2025 accounts. Every holding stands with its own latest accounts.

Part of the group HOOGLAND Group, risk and exposure

Parent

P-vest
0674.722.595 · 100% of the shares · equity €4.4m · profit €67,531 (2025)
Checked score 92

At the same address

Bietstraat 57, 8800 Roeselare · 2 other companies
P-vest
registered office since 02-01-2020 · founded in 2017 · group HOOGLAND
 total assets €11.2m (2025)
0674.722.595
Accu Service
registered office since 01-02-1963 · founded in 1968 · group HOOGLAND
 8.3 FTE (2025)
0405.532.056

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2007 to 2025
Holdings through the years
Name2007200820092010201120122013201420152016201720182019202020212022202320242025
Accu Service 99.71%100%

Source: list of holdings in its own accounts

Acquisitions and mergers

3 transactions
Received in a demerger part of:DEMA-SHOP
BE 0426.954.705partial demerger · Gazette deed of 24-10-2025 (3 deeds) · effective 18-07-2025
Received in a demerger part of:Accu Service
BE 0405.532.056partial demerger · proposal · Gazette deed of 24-10-2023 (2 deeds)
Demerger with:ACCU SERVICE
BE 0405.532.056demerger · Gazette deed of 02-12-2024

Connections & network

1 current director
Depth

The network lets you explore the ties of SIMCO.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

50 events since 1992

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0448450794
Demerger: DEMA-SHOP splits off to SIMCOCapital increase of €9,725.90 to €566,105.90 · Capital from €556,380 to €566,105.90 · Appointment: A&C - Bedrijfsrevisor (company auditor) · General meeting of 23-09-20256 points ▸
  • General meeting, 23-09-2025
  • Auditor appointment, A&C - Bedrijfsrevisor (company auditor)
  • Accounting effect, 01-10-2024
  • Capital increase, €9,725.90
  • Amendment of the articles, article 5
  • Power of attorney, Peter Verstraete
  • The deed holds 18 more points.

Open the deed in the Belgian Official Gazette

Demerger proposal: DEMA-SHOP splits off to SIMCOPermanent representatives: Frederik DEBRABANDER and Bert DE CLERCQ · Capital of €62,000, 841 shares · Capital of €556,380, 238 shares8 points ▸
  • Capital, €62,000, 841 shares
  • Board composition, HOOGLAND (director)
  • Permanent representative, Frederik DEBRABANDER, mentioned twice in the deed
  • Permanent representative, Bert DE CLERCQ
  • Capital, €556,380, 238 shares
  • Board composition, P-VEST (director)
  • Power of attorney, Simon Vandenbon, mentioned twice in the deed
  • Merger, 18-07-2025
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Equity above €1m equity €1.7m ▲182% After 7 profitable years in a row, equity reaches €1.7m.
Annual accounts 2024 filed PDFabbreviated format · 1 day before the deadline
2024
Demerger: LEENKNECHT INVEST splits off to ACCU SERVICECompany renamed to SIMCO · New name: SIMCO · Appointment: POUSELE CARON BEDRIJFSREVISOREN (bedrijfsrevisor inbreng in natura) · General meeting of 06-12-202310 points ▸
  • General meeting, 06-12-2023
  • Auditor appointment, POUSELE CARON BEDRIJFSREVISOREN (bedrijfsrevisor inbreng in natura)
  • Permanent representative, Bruno Pousele
  • The company holds all the shares of ACCU SERVICE, mentioned twice in the deed
  • Auditor report, BV POUSEELE CARON BEDRIJFSREVISOREN
  • Permanent representative, Bruno POUSEELE
  • Capital decrease, €46,616.80
  • Accounting effect, 01-07-2023
  • Name change, SIMCO
  • Capital, €300,434.13, 700 shares
  • The deed holds 18 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFabbreviated format · 78 days before the deadline
Demerger proposal: Accu Service splits off to Leenknecht InvestPermanent representatives: Debrabander Frederik and Leenknecht Peter · The company holds all the shares of Accu Service10 points ▸
  • Incorporation, 14-10-1992
  • Capital, €556,380, 238 shares
  • Board composition, P-Vest (director)
  • Permanent representative, Debrabander Frederik
  • Accounting effect, 01-07-2023
  • The company holds all the shares of Accu Service
  • Capital, €347,051, 700 shares
  • Permanent representative, Debrabander Frederik (director)
  • Board composition, Leenvest (day-to-day manager)
  • Permanent representative, Leenknecht Peter (day-to-day manager)
  • The deed holds 15 more points.

Open the deed in the Belgian Official Gazette

Amendment of the articlesGeneral meeting of 17-05-20233 points ▸
  • General meeting, 17-05-2023
  • Capital, €556,380, 238 shares
  • Power of attorney, Arne De Geeter
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 7 days before the deadline
2 directors resigning, 1 reappointmentPermanent representatives: Frederik Debrabander and Peter Leenknecht · Reappointment: BV P-Vest · Resignations: Elsje Leenknecht and BV P-Vest (managing director) · General meeting of 22-12-20227 points ▸
  • General meeting, 22-12-2022
  • Permanent representative, Frederik Debrabander
  • Permanent representative, Peter Leenknecht
  • Director reappointment, BV P-Vest
  • Director resignation, Elsje Leenknecht
  • Board meeting, 22-12-2022
  • Director resignation, BV P-Vest (managing director)

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2021 filed PDFabbreviated format · 9 days late
2021
Annual accounts 2020 filed PDFabbreviated format · 11 days late
2020
Annual accounts 2019 filed PDFabbreviated format · 14 days before the deadline
2019
Back to profit net €708 The net result is €708, after one loss-making year.
Annual accounts 2018 filed PDFabbreviated format · 16 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · on the deadline day
2017
Highest result from 2007 to 2025 net €1.0m ▲12,175% The net result of €1.0m is the highest of those years.
Annual accounts 2016 filed PDFabbreviated format · on the deadline day
2016
Back to profit net €8,298 The net result is €8,298, after 3 loss-making years.
Annual accounts 2015 filed PDFabbreviated format · 16 days before the deadline
2015
Annual accounts 2014 filed PDFabbreviated format · 16 days before the deadline
2014
Liquidity doubles current ratio 4.21 The current ratio rises from 2.09 to 4.21. Short-term debt falls from €239,414 to €105,914.
Annual accounts 2013 filed PDFabbreviated format · 13 days late
2013
Weakest financial year net -€42,675 The net result drops to -€42,675, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2012 filed PDFabbreviated format · 11 days late
2012
Back to profit net €38,813 The net result is €38,813, after one loss-making year.
Annual accounts 2011 filed PDFabbreviated format · 14 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 8 days late
2010
Back to profit net €41,211 The net result is €41,211, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 4 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 12 days late
2008
Annual accounts 2007 filed PDFabbreviated format · 21 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 27 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2001
Annual accounts 2001 filed PDFabbreviated format
2000
Annual accounts 2000 filed PDFabbreviated format
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1997
Annual accounts 1997 filed PDFabbreviated format
Annual accounts 1996 filed PDFabbreviated format
1995
Annual accounts 1995 filed PDFabbreviated format
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1992
First establishment Bietstraat 57, Roeselare
Incorporation published on 06-11-1992

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

SIMCO was incorporated on 14 October 1992.1 In 2025 the capital was increased by €9,726 to €566,106.2 The company has filed 33 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-10-2025
  3. 3National Bank, annual accounts 2025

Company details

Identity

Enterprise number
0448.450.794
VAT number
BE 0448.450.794
Peppol ID
0208:0448450794
Other Peppol ID
9925:BE0448450794
Legal form
Public limited company
Status
Active, normal situation
Founded
14-10-1992
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of December at 16:00
deed of 15-06-2023 (in Dutch)
Peppol
Reachable since 28-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SIMCO in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 15-06-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 15-06-2023 (in Dutch)

Activities

NACEBEL 2025
68201 Renting and operating of own or leased residential real estate, excluding social housing main activity
Joint committees annual accounts 30-06-2022
JC 200 Auxiliary committee for white-collar workers
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door het stellen van alle beheersdaden ondermeer de…”
7 activities
  1. Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door het stellen van alle beheersdaden ondermeer de aankoop, verkoop, verhuren, in huur nemen, ruilen, bouwwerken laten uitvoeren; dit alles in de ruimste zin voor eigen rekening.
  2. De vennootschap kan optreden als bestuurder van andere vennootschappen en kan hiervoor vergoedingen ontvangen.
  3. Het verwerven van licenties, brevetten en octrooien, alle zakelijke rechten en know-how en ontwikkelde procedés.
  4. Het drijven van handel in auto-en motobatterijen en toebehoren.
  5. Het verlenen van advies van financiële, technische, commerciële of administratieve aard; in de ruimste zin, bijstand en diensten verlenen, rechtstreeks of onrechtstreeks, op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur.
  6. De vennootschap zal haar voorwerp op alle plaatsen, zowel in België als in het buitenland mogen nastreven, op alle wijzen en volgens de modaliteiten die haar het best geschikt voorkomen.
  7. Zij mag ondermeer en zonder dat de navolgende opsomming beperkend is, alle industriële, commerciële, financiële, burgerlijke, roerende en onroerende handelingen verrichten die rechtstreeks of onrechtstreeks met haar voorwerp in verband staan of de verwezenlijking ervan kunnen vergemakkelijken, zich door vereniging, inbreng of fusie, inschrijvingen, participaties, financiële tussenkomst of op het even welke wijze interesseren in alle bestaande of op te richten vennootschappen waarvan het voorwerp hetzelfde of verwant aan het hare zou zijn of die haar maatschappelijke bedrijvigheid in de hand zou kunnen werken of bevorderen en uitbreiden, en er het bestuur van voeren.
deed of 13-08-2025 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Bietstraat 57 registered office 8800 Roeselare 30-10-1992 2.059.395.221

Buildings and parcels at the address

Ground area
961 m²
Buildings
248 m²
Volume, LiDAR
837 m³
Tallest building
4.9 m
Buildings to scale, each on its own parcel
248 m², 4.9 m 248 m², 4.9 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
36504D0414/00E000961 m² 1 · 248 m² 4.9 m · 1

Notices of general meetings

General meeting
at the registered office · published on 18-11-2011
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Bezoldigingen. Divers. (AOPC-1-11-04059/18.11)

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