Equity
-€452,274
Debts exceed assets in financial year 2025.
SIMDECO
Lifetime
18 annual accounts with figures on one time axis, 25 filings since 2000peak €273,783 (2025)
€273,783▲ 63.8%
lowest -€270,386 (2019)
€119,597▲ €127,538
peak €3,555 (2007)
-€452,274▲ €117,829
€1.2m▼ 8.6%
peak 5.4 FTE (2021)
-not published
Board8 names since 2019
-
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €167,096 to €273,783Back to profit: €119,597Equity from -€570,103 to -€452,274Cash from €59,493 to €81,008
Key points
from the 2025 annual accountsResult
€119,597 €119,597
Back in profit in 2025, after a loss of €7,941 in 2024.
Turnover
≈ €780,000 estimated
The micro format states no turnover.
Debts
€1.2m 157% of the balance sheet
Financial debts 3%Suppliers 1%Taxes and wages 3%Other 93%
Of this, €1.2m falls due within a year.
Staff
14 employees on 30-06-2025
In 2025, 155 short contracts started and 160 ended, on average 31 hours worked per contract. Staff averaged 8.7 full-time equivalents.
Position in the sector
-€452,274
Less equity than 95% of companies in food and beverage service. Sector median €28,354 · 18,541 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as SIMDECO has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 3,794 companies, not a prediction for SIMDECO. 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465561792
Resignation: (director)
Director discharge: · General meeting of 10-06-2024 · Gazette deed
4 directors appointed, 1 resignation
Resignation: · Appointments: , , and · Board meeting of 13-12-2023 · Gazette deed
Resignation: (director)
Director discharge: · General meeting of 30-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIMDECO Brussels | €788,927 | €273,783 | -57.3% | - |
| ALIS Tervuren | €798,377 | €228,783 | 33.7% | - |
| FEYMAN Brussels | €610,112 | €264,008 | 12.7% | - |
| TABURY & KOI Woluwe-Saint-Pierre | €821,544 | €224,838 | 78.5% | - |
| CEY - TEK Anderlecht | €619,662 | €266,505 | 77.8% | - |
| THE BARKING SPIDER Ixelles | €604,232 | €386,598 | 58.3% | - |
| BAGH Molenbeek-Saint-Jean | €723,778 | €307,338 | 84.5% | 1.7 |
These companies have the same main activity as SIMDECO: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €604,000 and €822,000, founded between 1998 and 2006.
Official details
Source: KBO- Status
- Active since 02-03-1999Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.091.658.3121000 Brussels, since 16-07-1999
- Financial year end
- 30 June
- Peppol
- Reachable since 30-12-2025
Annual accounts to 30-06-2025
- €788,927▲ 0.2%
- Employeeson 30-06-2025
- 14▼ 26.3%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on SIMDECO
SIMDECO files the micro format. That format states no turnover. The gross margin rose from -€2,917 in 2007 to €273,783 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
In January 2024, the Official Gazette published the appointment of as managing director.
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 SIMDECO
- What is the company number of SIMDECO?
- The company number of SIMDECO is 0465.561.792. The VAT number is the same number with BE in front: BE 0465.561.792.
- Where is SIMDECO based?
- The registered office is at Floralaan 3-4, 1000 Brussels.Company details
- What does SIMDECO do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of SIMDECO?
- SIMDECO is a private limited company (BV).
- When was SIMDECO founded?
- SIMDECO was founded on 02-03-1999.
- Is SIMDECO still active?
- Yes, SIMDECO is an active enterprise in the KBO register.
- How many employees does SIMDECO have?
- SIMDECO had an average of 8.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SIMDECO?
- The turnover in financial year 2025 is ≈ €780,000. This figure is estimated from the gross margin of €273,783 and 37 comparable companies (NACE 56112). It probably lies between €640,000 and €860,000.
- Is SIMDECO profitable?
- In financial year 2025, SIMDECO made a profit of €119,597.
- Where can I find the annual accounts of SIMDECO?
- SIMDECO filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIMDECO due?
- SIMDECO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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