SIMERO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 14 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,182, larger than the loss of €2,120 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,864 | €31,864 | €29,501 | €29,500 | €29,500 | - | - | - | - |
| Gross operating margin9900 | €36,900 | €36,846 | €30,174 | €13,083 | -€1,942 | -€2,110 | -€2,120 | -€2,182 | ▼ 2.9% |
| Operating profit (loss)9901 | €5,036 | €4,982 | €573 | -€16,417 | -€31,442 | -€2,110 | -€2,120 | -€2,182 | ▼ 2.9% |
| Financial income75/76B | - | - | - | €905 | €1,025 | €544 | - | - | - |
| Recurring financial income75 | €0 | - | - | €905 | €1,025 | €544 | - | - | - |
| Financial charges65/66B | - | - | - | €1,773 | €1,385 | €1,186 | €816 | €453 | ▼ 44.5% |
| Recurring financial charges65 | €90 | €84 | €932 | €1,773 | €1,385 | €1,186 | €816 | €453 | ▼ 44.5% |
| Profit (loss) for the period before taxes9903 | €4,946 | €4,898 | -€359 | -€17,285 | -€31,803 | -€2,751 | -€2,936 | -€2,634 | ▲ 10.3% |
| Income taxes67/77 | €1,548 | €1,547 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €3,398 | €3,351 | -€359 | -€17,285 | -€31,803 | -€2,751 | -€2,936 | -€2,634 | ▲ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €3,398 | €3,351 | -€359 | -€17,285 | -€31,803 | -€2,751 | -€2,936 | -€2,634 | ▲ 10.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €121,845 | €90,325 | €119,556 | €91,518 | €52,232 | €17,298 | €1,779 | €1,118 | ▼ 37.1% |
| Fixed assets21/28 | €120,365 | €88,501 | €59,000 | €29,500 | - | - | - | - | - |
| Intangible fixed assets21 | €118,000 | €88,500 | €59,000 | €29,500 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,365 | €1 | - | - | - | - | - | - | - |
| Current assets29/58 | €1,480 | €1,824 | €60,556 | €62,018 | €52,232 | €17,298 | €1,779 | €1,118 | ▼ 37.1% |
| Amounts receivable after more than one year29 | - | - | - | €51,225 | €51,127 | €16,193 | - | - | - |
| Other amounts receivable291 | - | - | - | €51,225 | €51,127 | €16,193 | - | - | - |
| Amounts receivable within one year40/41 | €1,221 | €1,355 | €16,905 | €1,104 | €1,104 | €1,104 | €1,104 | €1,104 | = |
| Other amounts receivable41 | - | - | - | €1,104 | €1,104 | €1,104 | €1,104 | €1,104 | = |
| Cash at bank and in hand54/58 | €259 | €469 | €7,850 | €9,689 | - | - | €675 | €14 | ▼ 97.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €121,845 | €90,325 | €119,556 | €91,518 | €52,232 | €17,298 | €1,779 | €1,118 | ▼ 37.1% |
| Equity10/15 | €20,927 | €24,278 | €23,919 | €6,635 | -€25,168 | -€27,919 | -€30,855 | -€33,489 | ▼ 8.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €14,727 | €18,078 | €17,719 | €904 | €904 | €904 | €904 | €904 | = |
| Non-distributable reserves130/1 | - | - | - | €904 | €904 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €904 | €904 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €904 | €904 | €904 | = |
| Profit (loss) carried forward14 | - | - | - | -€469 | -€32,272 | -€35,023 | -€37,959 | -€40,593 | ▼ 6.9% |
| Amounts payable17/49 | €100,917 | €66,047 | €95,636 | €84,883 | €77,400 | €45,216 | €32,634 | €34,608 | ▲ 6.0% |
| Amounts payable after more than one year17 | €95,351 | €62,952 | €83,861 | €65,291 | €56,737 | €24,060 | €15,402 | €23,680 | ▲ 53.7% |
| Financial debts170/4 | - | - | - | €65,291 | €56,737 | €24,060 | €15,402 | €23,680 | ▲ 53.7% |
| Amounts payable within one year42/48 | €5,566 | €3,094 | €11,775 | €19,592 | €20,663 | €21,156 | €17,232 | €10,928 | ▼ 36.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €19,592 | €20,663 | €21,156 | €16,273 | €7,787 | ▼ 52.1% |
| Trade debts44 | €1,210 | - | €1,281 | - | - | - | €959 | €3,141 | ▲ 227% |
| Suppliers440/4 | - | - | - | - | - | - | €959 | €3,141 | ▲ 227% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,398 | €3,351 | -€359 | -€17,285 | -€31,803 | -€2,751 | -€2,936 | -€2,634 | ▲ 10.3% |
| + Depreciation and write-downs630 | €31,864 | €31,864 | €29,501 | €29,500 | €29,500 | - | - | - | - |
| Operating cash flow (approximation) | €35,262 | €35,215 | €29,142 | €12,215 | -€2,303 | -€2,751 | -€2,936 | -€2,634 | ▲ 10.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | €210 | €7,381 | €1,838 | - | - | - | -€661 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as SIMERO has now. Two years later, 85.4% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIMERO itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,907 companies, not a prediction for SIMERO. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00375234 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00464525 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00435155 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00424280 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20408387 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64400407 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66700231 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-57100547 | |
| 31-12-2017 | micro format | 27-07-2018 | 2018-40400298 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48800247 |