SIME
ActiveSummary
The computed 12-month bankruptcy probability of SIME is 2.1% (moderate). The 2025 annual accounts show negative equity (-€23,728) and a net result of -€18,536. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 13560 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 6.14 against 7.23 in 2024; short-term debt: 16.3% and cash: 98.3% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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
-115%
Return on assets
-89.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€23,728
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
37 d early
2023
16 d early
2022
7 d early
2021
32 d early
2020
25 d early
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€62,444
EBIT margin
-44.4%
Net result
-€18,536▲ 36.2%
2024 · -€29,075
Working capital
€17,279▼ 47.5%
2024 · €32,934
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
Line20212022202320242025
Turnover€62,444
Operating result-€17,905▲ 54.2%-€26,327▼ 47.0%€152,567-€27,704-€17,300▲ 37.6%
Net result-€20,532below the sector's middle half▲ 50.6%-€29,441below the sector's middle half▼ 43.4%€150,340above the sector's middle half-€29,075below the sector's middle half-€18,536below the sector's middle half▲ 36.2%
EBIT margin-44.4%
Equity-€97,015below the sector's middle half▼ 26.8%-€126,456below the sector's middle half▼ 30.3%€23,883within the sector's middle half-€5,191below the sector's middle half-€23,728below the sector's middle half▼ 357%
Total assets€75,336within the sector's middle half▲ 3.4%€71,807within the sector's middle half▼ 4.7%€70,042within the sector's middle half▼ 2.5%€41,614below the sector's middle half▼ 40.6%€20,641below the sector's middle half▼ 50.4%
Debt€172,351▲ 15.4%€198,264▲ 15.0%€46,158▼ 76.7%€46,806▲ 1.4%€44,369▼ 5.2%
Working capital-€1,115-€59,172▼ 5,205%€51,941€32,934▼ 36.6%€17,279▼ 47.5%
Solvency-128.8%below the sector's middle half▼ 23.8pp-176.1%below the sector's middle half▼ 47.3pp34.1%within the sector's middle half▲ 210.2pp-12.5%below the sector's middle half▼ 46.6pp-115.0%below the sector's middle half▼ 102.5pp
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 stays negative: a loss of €17,300 in 2025 against €27,704 in 2024; the loss shrinks.
Key figures and ratios
EBITDA
-€17,039▲
2024 · -€26,013
Cash flow
-€18,276▲
2024 · -€27,384
Current ratio
6.14▼
2024 · 7.23
Debt to equity
-1.87▲
2024 · -9.02
ROA
-89.8%▼
2024 · -69.9%
Interest coverage
-13.78▲
2024 · -15.78
Debt ≤ 1 year
€3,362▼
2024 · €5,285
Debt > 1 year
€40,116▼
2024 · €40,477
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 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% | 1.6% |
| 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 74% 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 6,640 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €62,444 | - | - |
| Non-recurring operating income76A | - | - | €158,094 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €90,189 | €16,617 | ▼ 81.6% |
| Remuneration, social security and pensions62 | €21 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,107 | €3,746 | €3,746 | €1,691 | €261 | ▼ 84.6% |
| Other operating charges640/8 | €235 | €4,732 | €388 | €398 | €422 | ▲ 6.0% |
| Gross operating margin9900 | -€13,542 | -€17,849 | €156,701 | -€25,615 | -€16,617 | ▲ 35.1% |
| Operating profit (loss)9901 | -€17,905 | -€26,327 | €152,567 | -€27,704 | -€17,300 | ▲ 37.6% |
| Financial income75/76B | €198 | €0 | €114 | €388 | - | - |
| Recurring financial income75 | €198 | €0 | €114 | €388 | - | - |
| Financial charges65/66B | €2,616 | €2,905 | €2,124 | €1,648 | €1,237 | ▼ 25.0% |
| Recurring financial charges65 | €2,616 | €2,905 | €2,124 | €1,648 | €1,237 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | -€20,323 | -€29,232 | €150,556 | -€28,964 | -€18,536 | ▲ 36.0% |
| Income taxes67/77 | €209 | €209 | €217 | €111 | - | - |
| Profit (loss) for the period9904 | -€20,532 | -€29,441 | €150,340 | -€29,075 | -€18,536 | ▲ 36.2% |
| Profit (loss) for the period to be appropriated9905 | -€20,532 | -€29,441 | €150,340 | -€29,075 | -€18,536 | ▲ 36.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,336 | €71,807 | €70,042 | €41,614 | €20,641 | ▼ 50.4% |
| Fixed assets21/28 | €63,900 | €60,154 | €5,086 | €3,395 | - | - |
| Tangible fixed assets22/27 | €60,766 | €57,020 | €1,952 | €261 | - | - |
| Land and buildings22 | €51,322 | €51,322 | - | - | - | - |
| Plant, machinery and equipment23 | €4,291 | €2,861 | €1,430 | - | - | - |
| Other tangible fixed assets26 | €5,153 | €2,837 | €521 | €261 | - | - |
| Financial fixed assets28 | €3,135 | €3,135 | €3,135 | €3,135 | - | - |
| Current assets29/58 | €11,435 | €11,653 | €64,956 | €38,219 | €20,641 | ▼ 46.0% |
| Stocks and contracts in progress3 | €5,681 | €6,662 | €6,729 | €733 | - | - |
| Stocks30/36 | €5,681 | €6,662 | €6,729 | €733 | - | - |
| Amounts receivable within one year40/41 | - | €105 | - | €475 | €262 | ▼ 44.8% |
| Trade receivables40 | - | €105 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €475 | €262 | ▼ 44.8% |
| Cash at bank and in hand54/58 | €4,533 | €4,886 | €58,227 | €36,916 | €20,284 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | €1,221 | - | - | €95 | €95 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,336 | €71,807 | €70,042 | €41,614 | €20,641 | ▼ 50.4% |
| Equity10/15 | -€97,015 | -€126,456 | €23,883 | -€5,191 | -€23,728 | ▼ 357% |
| Contributions10/11 | €53,297 | €53,297 | €53,297 | €53,297 | €53,297 | = |
| Reserves13 | €42,073 | €42,073 | €42,073 | €42,073 | €42,073 | = |
| Non-distributable reserves130/1 | €5,330 | €5,330 | €5,330 | €5,330 | €5,330 | = |
| Reserves not available under the articles1311 | €5,330 | €5,330 | €5,330 | €5,330 | - | - |
| Own shares acquired1312 | - | - | - | - | €5,330 | - |
| Distributable reserves133 | €36,743 | €36,743 | €36,743 | €36,743 | €36,743 | = |
| Profit (loss) carried forward14 | -€192,385 | -€221,826 | -€71,486 | -€100,561 | -€119,097 | ▼ 18.4% |
| Amounts payable17/49 | €172,351 | €198,264 | €46,158 | €46,806 | €44,369 | ▼ 5.2% |
| Amounts payable after more than one year17 | €157,620 | €125,000 | €31,542 | €40,477 | €40,116 | ▼ 0.9% |
| Financial debts170/4 | €157,620 | €125,000 | €31,542 | €40,477 | €40,116 | ▼ 0.9% |
| Amounts payable within one year42/48 | €12,551 | €70,825 | €13,015 | €5,285 | €3,362 | ▼ 36.4% |
| Trade debts44 | €1,818 | €6,809 | €2,531 | €135 | €209 | ▲ 54.7% |
| Suppliers440/4 | €1,818 | €6,809 | €2,531 | €135 | €209 | ▲ 54.7% |
| Taxes, remuneration and social security45 | €2,544 | €2,941 | €2,983 | €111 | €111 | = |
| Taxes450/3 | €2,544 | €2,941 | €2,983 | €111 | €111 | = |
| Other amounts payable47/48 | €8,189 | €61,076 | €7,501 | €5,039 | €3,042 | ▼ 39.6% |
| Accrued charges and deferred income492/3 | €2,180 | €2,439 | €1,601 | €1,043 | €891 | ▼ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,532 | -€29,441 | €150,340 | -€29,075 | -€18,536 | ▲ 36.2% |
| + Depreciation and write-downs630 | €4,107 | €3,746 | €3,746 | €1,691 | €261 | ▼ 84.6% |
| Operating cash flow (approximation) | -€16,425 | -€25,695 | €154,086 | -€27,384 | -€18,276 | ▲ 33.3% |
| Investment in fixed assets (approximation) | - | €0 | €51,322 | €0 | - | - |
| Change in cash | - | €353 | €53,341 | -€21,311 | -€16,633 | ▲ 22.0% |
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
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €150,340
Net result €150,340 after 4 loss-making years.
31-12
Financial
Liquidity times 30current ratio 4.99
Current ratio from 0.16 to 4.99; short-term debt falls from €70,825 to €13,015.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€41,571
Net result drops to -€41,571, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Katelijne-Waver · 1 establishment unit since 1987
Ground area
731 m²
Building footprint
212 m²
Volume, LiDAR
743 m³
Parcel 12035A0114/00D004, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Pedicare
since 19872.029.662.048
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035A0114/00D004 | Flanders | 731 m² | 1 · 212 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 4,048 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-07-1987
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0431631489
Also
9925:BE0431631489
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.