SIMEDO
ActiveSummary
The computed 12-month bankruptcy probability of SIMEDO is 3.2% (moderate). The 2025 annual accounts show equity of €54,544 and a net result of €5,963. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 13417 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+19
Solvency82▲+13
Growth52=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.73 in 2024; short-term debt: 30% and cash: 43.1% of total assets), and 42.8% of the assets are financed with debt.
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Signals
Four 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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.2%
Return on assets
6.3%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 30-05-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
21 d late
2023
on the day
2022
on the day
2021
6 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€54,544▲ 12.3%
2024 · €48,582
Total assets
€95,374▼ 13.2%
2024 · €109,821
Net result
€5,963▲ 1,904%
2024 · €298
Working capital
€35,720▲ 26.7%
2024 · €28,196
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,142-€47,650▲ 58.1%€8,089▼ 83.0%€5,191▼ 35.8%€12,543▲ 142%
Net result€26,853-€37,151▲ 38.3%€2,280▼ 93.9%€298▼ 86.9%€5,963▲ 1,904%
Equity€20,853-€46,004▲ 121%€48,284▲ 5.0%€48,582▲ 0.6%€54,544▲ 12.3%
Total assets€74,771-€98,084▲ 31.2%€121,576▲ 24.0%€109,821▼ 9.7%€95,374▼ 13.2%
Debt€53,918-€52,079▼ 3.4%€73,292▲ 40.7%€61,239▼ 16.4%€40,829▼ 33.3%
Working capital€14,683-€36,916▲ 151%€30,518▼ 17.3%€28,196▼ 7.6%€35,720▲ 26.7%
Staff (FTE)1.21.2=1.2=1.9▲ 58.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 142% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,374
Fixed assets
€31,055 ▼ 27.8%
Current assets
€64,319 ▼ 3.8%
Equity and liabilities €95,374
Equity
€54,544 ▲ 12.3%
Debt
€40,829 ▼ 33.3%
Debt's share of the balance-sheet total falls from 55.8% to 42.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,524▲
2024 · €18,417
Cash flow
€18,944▲
2024 · €13,523
Current ratio
2.25▲
2024 · 1.73
Quick ratio
2.13▲
2024 · 1.59
Debt to equity
0.75▼
2024 · 1.26
ROE
10.9%▲
2024 · 0.6%
ROA
6.3%▲
2024 · 0.3%
Interest coverage
4.20▲
2024 · 2.88
Debt ≤ 1 year
€28,598▼
2024 · €38,635
Debt > 1 year
€12,231▼
2024 · €22,604
Income taxes
€2,926
Staff costs
€95,624▲
2024 · €54,407
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,710 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €54,407 | €95,624 | ▲ 75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,244 | €4,404 | €8,568 | €13,226 | €12,982 | ▼ 1.8% |
| Other operating charges640/8 | €1,493 | €2,402 | €7,413 | €2,245 | €2,940 | ▲ 30.9% |
| Non-recurring operating charges66A | - | - | - | €432 | €0 | ▼ 100% |
| Gross operating margin9900 | €35,879 | €54,456 | €24,071 | €75,501 | €124,088 | ▲ 64.4% |
| Operating profit (loss)9901 | €30,142 | €47,650 | €8,089 | €5,191 | €12,543 | ▲ 142% |
| Financial income75/76B | €924 | €5 | €1,950 | €1,509 | €2,419 | ▲ 60.4% |
| Recurring financial income75 | €924 | €5 | €49 | €20 | €2,419 | ▲ 12,237% |
| Non-recurring financial income76B | - | - | €1,900 | €1,489 | €0 | ▼ 100% |
| Financial charges65/66B | €2,627 | €4,217 | €6,508 | €6,402 | €6,074 | ▼ 5.1% |
| Recurring financial charges65 | €2,627 | €4,217 | €6,508 | €6,402 | €6,074 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €28,439 | €43,437 | €3,530 | €298 | €8,888 | ▲ 2,887% |
| Income taxes67/77 | €1,585 | €6,286 | €1,251 | - | €2,926 | - |
| Profit (loss) for the period9904 | €26,853 | €37,151 | €2,280 | €298 | €5,963 | ▲ 1,904% |
| Profit (loss) for the period to be appropriated9905 | €26,853 | €37,151 | €2,280 | €298 | €5,963 | ▲ 1,904% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,771 | €98,084 | €121,576 | €109,821 | €95,374 | ▼ 13.2% |
| Fixed assets21/28 | €28,284 | €24,356 | €56,215 | €42,989 | €31,055 | ▼ 27.8% |
| Tangible fixed assets22/27 | €28,284 | €24,356 | €56,215 | €42,989 | €31,055 | ▼ 27.8% |
| Plant, machinery and equipment23 | €28,284 | €24,356 | €27,423 | €21,107 | €16,083 | ▼ 23.8% |
| Furniture and vehicles24 | - | - | €28,792 | €21,882 | €14,972 | ▼ 31.6% |
| Current assets29/58 | €46,487 | €73,728 | €65,361 | €66,831 | €64,319 | ▼ 3.8% |
| Amounts receivable after more than one year29 | - | €19,577 | €17,402 | €15,226 | €13,051 | ▼ 14.3% |
| Trade receivables290 | - | - | - | €15,226 | - | - |
| Other amounts receivable291 | - | €19,577 | €17,402 | - | €13,051 | - |
| Stocks and contracts in progress3 | €4,685 | €2,348 | €4,882 | €5,290 | €3,487 | ▼ 34.1% |
| Stocks30/36 | €4,685 | €2,348 | €4,882 | €5,290 | €3,487 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €1,341 | €3,975 | €10,794 | €12,887 | €5,478 | ▼ 57.5% |
| Trade receivables40 | €168 | - | €6,444 | €10,036 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,174 | €3,975 | €4,350 | €2,851 | €5,478 | ▲ 92.2% |
| Cash at bank and in hand54/58 | €40,306 | €47,709 | €31,778 | €32,342 | €41,149 | ▲ 27.2% |
| Deferred charges and accrued income490/1 | €155 | €119 | €506 | €1,086 | €1,154 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,771 | €98,084 | €121,576 | €109,821 | €95,374 | ▼ 13.2% |
| Equity10/15 | €20,853 | €46,004 | €48,284 | €48,582 | €54,544 | ▲ 12.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €10,853 | €36,004 | €38,284 | €38,582 | €44,544 | ▲ 15.5% |
| Amounts payable17/49 | €53,918 | €52,079 | €73,292 | €61,239 | €40,829 | ▼ 33.3% |
| Amounts payable after more than one year17 | €22,113 | €15,268 | €38,449 | €22,604 | €12,231 | ▼ 45.9% |
| Financial debts170/4 | €22,113 | €15,268 | €38,449 | €22,604 | €12,231 | ▼ 45.9% |
| Amounts payable within one year42/48 | €31,805 | €36,812 | €34,843 | €38,635 | €28,598 | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | €6,722 | €6,846 | €15,997 | €16,537 | €11,066 | ▼ 33.1% |
| Trade debts44 | €3,688 | €3,673 | €9,888 | €15,028 | €2,927 | ▼ 80.5% |
| Suppliers440/4 | €3,688 | €3,673 | €9,888 | €15,028 | €2,927 | ▼ 80.5% |
| Taxes, remuneration and social security45 | €2,162 | €14,293 | €8,958 | €7,070 | €14,605 | ▲ 107% |
| Taxes450/3 | €2,162 | €8,746 | €2,497 | €2,305 | €4,668 | ▲ 102% |
| Remuneration and social security454/9 | - | €5,547 | €6,462 | €4,764 | €9,938 | ▲ 109% |
| Other amounts payable47/48 | €19,232 | €12,000 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,853 | €37,151 | €2,280 | €298 | €5,963 | ▲ 1,904% |
| + Depreciation and write-downs630 | €4,244 | €4,404 | €8,568 | €13,226 | €12,982 | ▼ 1.8% |
| Operating cash flow (approximation) | €31,098 | €41,555 | €10,848 | €13,523 | €18,944 | ▲ 40.1% |
| Investment in fixed assets (approximation) | - | -€476 | -€40,428 | €0 | -€1,047 | - |
| Change in cash | - | €7,403 | -€15,931 | €564 | €8,807 | ▲ 1,460% |
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
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-10
Financial
Weakest financial yearnet €298 ▼86.9%
Net result drops to €298, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial
Highest result since 2021net €37,151 ▲38.3%
Operating result €47,650, net result €37,151, both a record.
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Brugge · 1 establishment unit since 2020
Ground area
73 m²
Building footprint
56 m²
Volume, LiDAR
558 m³
Parcel 31005A0870/00B000, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SIMEDO
since 20202.308.309.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31005A0870/00B000 | Flanders | 73 m² | 1 · 56 m² | 12.5 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.308.309.196
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,453. 9,858 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
Founded09-10-2020
Fiscal year end31-10
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
56220Contract catering and other food service activities
56301Cafés and bars
56309Food and beverage service activities
Scores and ratios are computed by Checked and are not a credit decision.