Checked.be
Active
BE 0402.977.194Public limited company
Simec
Guldensporenpark 117A ·9820 Merelbeke-Melle, Belgium· 58 yrs active
Sector: Machining of metals
(25530)
Conclusion
The KBO register records legal situation 012 for Simec (Register: dissolution or liquidation); this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show negative equity (€-7.50M) and a net result of €17k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-7.50M |
| Net result | €17k |
| Better than sector | 5% |
| Active | 58 yrs |
Financial profile
30
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
33
Growth
78
Stability
40
Bankruptcy probability (12 mo)
Dissolution or liquidation
The KBO register records that this company is being wound up. A twelve-month bankruptcy probability no longer says anything in that case, so we show no figure.
Risk Assessment
0 / 100
High riskRegister: dissolution or liquidationThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 012 for this company; it does not feed the figure above.
Trust signals
Register: dissolution or liquidation
The KBO register records legal situation 012 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
dissolution or liquidation in the KBO register
Score history
0
2023
8
2024
0
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.31 (< 1.0)
-10
Quick ratio
Quick ratio 0.31 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
Negatieve ROE 0%
-10
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Dissolution or liquidation
Dissolution or liquidation in the KBO legal situation
-60
Computed by Checked from the NBB filing for FY 2025 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-08-2026 with the NBB · fiscal year 2025 · full schema
Sector comparison
Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -551.5% | 38.1% | |
| Net result | €17k | €19k | |
| Equity | €-7.50M | €69k | |
| Gross operating margin | €-88 | €61k | |
| Total assets | €1.36M | €172k |
€17k
-17.2%
23-25
€1.36M
+2.8%
23-25
€-7.50M
+0.2%
23-25
€-2.99M
+0.6%
23-25
€7k
-
23-25
€6.86M
+0.3%
23-25
€4.35M
+0.5%
23-25
€2.51M
0.0%
23-25
0.31
+2.3%
23-25
0.31
+2.3%
23-25
-551.5%
+2.9%
23-25
-0.91
-0.5%
23-25
-0.2%
+17.0%
23-25
1.2%
-19.4%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - |
| EBITDA | - | - | - |
| Net profit | €17k | €20k | €2k |
| Cash flow | - | - | - |
| Staff costs | - | - | - |
| Income taxes | €7k | - | - |
| Dividends | - | - | - |
| Total assets | €1.36M | €1.32M | €1.30M |
| Equity | €-7.50M | €-7.52M | €-7.54M |
| Debt | €6.86M | €6.84M | €6.84M |
| of which ≤ 1y | €4.35M | €4.33M | €4.33M |
| of which > 1y | €2.51M | €2.51M | €2.51M |
| Working capital | €-2.99M | €-3.01M | €-3.03M |
| Employees (FTE) | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (full schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.31 | 0.31 | 0.30 |
| Quick ratio | 0.31 | 0.31 | 0.30 |
| Working capital ratio | -219.8% | -227.2% | -232.5% |
| Solvency | -551.5% | -568.0% | -578.9% |
| Debt / equity | -0.91 | -0.91 | -0.91 |
| Long-term debt ratio | -0.33 | -0.33 | -0.33 |
| Interest coverage | - | - | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 1.2% | 1.5% | 0.2% |
| ROE | -0.2% | -0.3% | 0.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | 6381714d | 2111190d | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €1.36M | €1.32M | €1.30M |
| Current assets | 29/58 | €1.36M | €1.32M | €1.30M |
| Amounts receivable within one year | 40/41 | €192k | €212k | €192k |
| Investments | 50/53 | €31k | €1.11M | €1.09M |
| Cash & bank | 54/58 | €1.13M | €136 | €22k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.36M | €1.32M | €1.30M |
| Equity | 10/15 | €-7.50M | €-7.52M | €-7.54M |
| Contributions / capital | 10/11 | €3.33M | €3.33M | €3.33M |
| Reserves | 13 | €12k | €12k | €12k |
| Accumulated profits (losses) | 14 | €-10.84M | €-10.86M | €-10.88M |
| Provisions & deferred taxes | 16 | €2.00M | €2.00M | €2.00M |
| Amounts payable | 17/49 | €6.86M | €6.84M | €6.84M |
| Amounts payable after one year | 17 | €2.51M | €2.51M | €2.51M |
| Amounts payable within one year | 42/48 | €4.35M | €4.33M | €4.33M |
| Trade debts payable within one year | 44 | €1.53M | €1.53M | €1.53M |
| Income statement | ||||
| Gross operating margin | 9900 | €-88 | €-265 | €-265 |
| Operating result | 9901 | €-232 | €-2k | €-397 |
| Financial income | 75 | €24k | €22k | €2k |
| Financial charges | 65 | €8 | - | €32 |
| Result before taxes | 9903 | €24k | €20k | €2k |
| Income taxes | 67/77 | €7k | - | - |
| Net result for the period | 9904 | €17k | €20k | €2k |
| Result to be appropriated | 9905 | €17k | €20k | €2k |
Legal Structure
| NACE primary | Machining of metals(25530) |
| Legal form | Public limited company(014) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 9820 |
Establishment units
Industriepark 20, 2235 Hulshout
since 19662.001.105.446
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0411/00F002 | Flanders | 3,359 m² | 1 · 1,196 m² | 23.3 m · 7 fl. |
| 13016B0006/00R014 | Flanders | 563 m² | - | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
11-04
State Gazette act
Registered-office change
2024
31-12
Financial
Highest result since 2023net €20k ▲932%
Net result €20k, the highest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 116 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 104 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Address history · 1
11-04-2025
Registered-office move
All acts · 1
updated 1 year ago
2025
11-04-2025 Registered office moved from MERELBEKE to Merelbeke-Melle
- GULDENSPORENPARK 117 bus A - 9820 MERELBEKE → Guldensporenpark 117A te 9820 Merelbeke-Melle
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Guldensporenpark 117A te 9820 Merelbeke-Melle",
"city": "Merelbeke-Melle",
"region": "vlaams_gewest",
"street": "Guldensporenpark",
"country": "BE",
"postcode": "9820",
"box_number": null,
"street_number": "117A",
"locality_suffix": null
},
"old_address": {
"raw": "GULDENSPORENPARK 117 bus A - 9820 MERELBEKE",
"city": "MERELBEKE",
"region": "vlaams_gewest",
"street": "GULDENSPORENPARK",
"country": "BE",
"postcode": "9820",
"box_number": "A",
"street_number": "117",
"locality_suffix": null
},
"effective_date": "2025-01-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-04-11",
"filing_date": "2025-04-03",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "neig_aandeelhouder_schriftelijk",
"date": "2025-04-03",
"unanimous": null
},
"subject_company": {
"kbo": "0402.977.194",
"name_full": "SIMEC",
"legal_form": "NAAMLOZE VENNOOTSCHA\u0420"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Erik Greeve",
"org_rep_person_name": null,
"person_role_at_subject": "vereffenaar"
},
"co_filed_documents": [
"Lu\u0131k B"
]
}Credit advice
Company registry (CBE)
Activities
Machining of metals25530
Names & trade names
| Legal nameNL | Simec |
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