SIMCOMA
ActiveSummary
The computed 12-month bankruptcy probability of SIMCOMA is 4.6% (elevated). The 2025 annual accounts show negative equity (-€57,872) and a net result of €7,127. Equity is shrinking by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 13604 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+43
Solvency15▲+4
Growth58=
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.29 in 2024; short-term debt: 18.1% and cash: 1.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-9.9%
Return on assets
1.2%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 13604 sector peers (2025).
NBB · sector comparisonPosition among 13604 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average on the deadline day; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€57,872▲ 11.0%
2024 · -€64,999
Total assets
€587,289▲ 25.0%
2024 · €470,009
Net result
€7,127
2024 · -€29,977
Working capital
-€64,472▲ 15.5%
2024 · -€76,263
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€26,430--€21,669▲ 18.0%€18,210
Net result-€36,022below the sector's middle half--€29,977below the sector's middle half▲ 16.8%€7,127within the sector's middle half
Equity-€35,022below the sector's middle half--€64,999below the sector's middle half▼ 85.6%-€57,872below the sector's middle half▲ 11.0%
Total assets€530,984above the sector's middle half-€470,009above the sector's middle half▼ 11.5%€587,289above the sector's middle half▲ 25.0%
Debt€566,006-€535,007▼ 5.5%€645,161▲ 20.6%
Working capital-€81,625below the sector's middle half--€76,263below the sector's middle half▲ 6.6%-€64,472below the sector's middle half▲ 15.5%
Solvency-6.6%within the sector's middle half--13.8%below the sector's middle half▼ 7.2pp-9.9%below the sector's middle half▲ 4.0pp
Current ratio0.39below the sector's middle half-0.29below the sector's middle half▼ 0.100.40below the sector's middle half▲ 0.11
Return on assets (ROA)-6.8%within the sector's middle half--6.4%below the sector's middle half▲ 0.4pp1.2%within the sector's middle half▲ 7.6pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18,210 after a loss of €21,669 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587,289
Fixed assets
€545,168 ▲ 24.1%
Current assets
€42,121 ▲ 37.1%
Key figures and ratios
EBITDA
€60,201▲
2024 · €14,122
Cash flow
€49,118▲
2024 · €5,814
Quick ratio
0.25▲
2024 · 0.20
Debt to equity
-11.15▼
2024 · -8.23
Interest coverage
5.54▲
2024 · 1.48
Debt ≤ 1 year
€106,593▼
2024 · €106,984
Debt > 1 year
€538,568▲
2024 · €427,158
Income taxes
€219▼
2024 · €222
Staff costs
€41,657▲
2024 · €10,220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 907 companies that looked in July 2024 the way this one looks now, 6.0% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
6.0%
went bankrupt
3.7%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.6% 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 497,662 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% | 1.7% |
| 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 75% 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 907 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €894 | €10,220 | €41,657 | ▲ 308% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85,636 | €35,791 | €41,991 | ▲ 17.3% |
| Other operating charges640/8 | €6,730 | €4,168 | €4,209 | ▲ 1.0% |
| Gross operating margin9900 | €66,830 | €28,510 | €106,067 | ▲ 272% |
| Operating profit (loss)9901 | -€26,430 | -€21,669 | €18,210 | ▲ 184% |
| Financial income75/76B | €5,342 | €1,482 | €0 | ▼ 100.0% |
| Recurring financial income75 | €5,342 | €1,482 | €0 | ▼ 100.0% |
| Financial charges65/66B | €14,688 | €9,568 | €10,864 | ▲ 13.5% |
| Recurring financial charges65 | €14,688 | €9,568 | €10,864 | ▲ 13.5% |
| Profit (loss) for the period before taxes9903 | -€35,776 | -€29,755 | €7,347 | ▲ 125% |
| Income taxes67/77 | €246 | €222 | €219 | ▼ 1.1% |
| Profit (loss) for the period9904 | -€36,022 | -€29,977 | €7,127 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | -€36,022 | -€29,977 | €7,127 | ▲ 124% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €530,984 | €470,009 | €587,289 | ▲ 25.0% |
| Fixed assets21/28 | €479,365 | €439,287 | €545,168 | ▲ 24.1% |
| Intangible fixed assets21 | €25,995 | €17,995 | €9,995 | ▼ 44.5% |
| Tangible fixed assets22/27 | €453,370 | €421,292 | €535,174 | ▲ 27.0% |
| Land and buildings22 | €373,414 | €361,088 | €477,653 | ▲ 32.3% |
| Plant, machinery and equipment23 | €46,488 | €40,791 | €41,508 | ▲ 1.8% |
| Furniture and vehicles24 | €33,468 | €19,413 | €16,012 | ▼ 17.5% |
| Current assets29/58 | €51,620 | €30,722 | €42,121 | ▲ 37.1% |
| Stocks and contracts in progress3 | €7,175 | €9,607 | €15,322 | ▲ 59.5% |
| Stocks30/36 | €7,175 | €9,607 | €15,322 | ▲ 59.5% |
| Amounts receivable within one year40/41 | €4,813 | €8,683 | €17,330 | ▲ 99.6% |
| Trade receivables40 | €1,675 | €8,683 | €17,330 | ▲ 99.6% |
| Other amounts receivable41 | €3,139 | - | - | - |
| Cash at bank and in hand54/58 | €34,751 | €10,341 | €8,373 | ▼ 19.0% |
| Deferred charges and accrued income490/1 | €4,881 | €2,090 | €1,096 | ▼ 47.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €530,984 | €470,009 | €587,289 | ▲ 25.0% |
| Equity10/15 | -€35,022 | -€64,999 | -€57,872 | ▲ 11.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€36,022 | -€65,999 | -€58,872 | ▲ 10.8% |
| Amounts payable17/49 | €566,006 | €535,007 | €645,161 | ▲ 20.6% |
| Amounts payable after more than one year17 | €430,124 | €427,158 | €538,568 | ▲ 26.1% |
| Financial debts170/4 | €387,651 | €384,685 | €496,095 | ▲ 29.0% |
| Other amounts payable178/9 | €42,473 | €42,473 | €42,473 | = |
| Amounts payable within one year42/48 | €133,244 | €106,984 | €106,593 | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | €49,116 | €53,443 | €51,057 | ▼ 4.5% |
| Trade debts44 | €48,972 | €18,285 | €20,626 | ▲ 12.8% |
| Suppliers440/4 | €48,972 | €18,285 | €20,626 | ▲ 12.8% |
| Taxes, remuneration and social security45 | €246 | €2,382 | €2,443 | ▲ 2.5% |
| Taxes450/3 | €246 | - | - | - |
| Remuneration and social security454/9 | - | €2,382 | €2,443 | ▲ 2.5% |
| Other amounts payable47/48 | €34,911 | €32,874 | €32,466 | ▼ 1.2% |
| Accrued charges and deferred income492/3 | €2,638 | €865 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,022 | -€29,977 | €7,127 | ▲ 124% |
| + Depreciation and write-downs630 | €85,636 | €35,791 | €41,991 | ▲ 17.3% |
| Operating cash flow (approximation) | €49,614 | €5,814 | €49,118 | ▲ 745% |
| Investment in fixed assets (approximation) | - | €4,287 | -€147,872 | ▼ 3,549% |
| Change in cash | - | -€24,410 | -€1,967 | ▲ 91.9% |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €7,127
Net result €7,127 after 2 loss-making years.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wevelgem · 1 establishment unit since 2021
Ground area
1,342 m²
Building footprint
745 m²
Volume, LiDAR
2,965 m³
2 parcels, Flanders · tallest building 11.4 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SIMCOMA
since 20212.317.974.950
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34029B1126/00S003 | Flanders | 765 m² | 1 · 689 m² | 11.3 m · 1 fl. |
| 34012B0841/00C000 | Flanders | 577 m² | 1 · 56 m² | 3.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteWevelgem2.317.974.950
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-2021
Fiscal year end31-03
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769435177
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.