SIMESCO
ActiveSIMESCO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €45k. Equity is shrinking by ~35.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 68% of 1025 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +57 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency99▲+67
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 0.75 in 2024), and 38.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
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
61.6%
Return on assets
62.9%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €44k
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
25 d late
2023
on the day
2022
on the day
2021
2 d early
2020
4 d early
2019
1 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€44k▲ 181%
2024 · €16k
2018: €203k
2019: €216k
2020: €205k
2021: €109k
2022: €70k
2023: €20k
2024: €16k
2018 → 2025
Total assets
€71k▲ 14.8%
2024 · €62k
2018: €277k
2019: €281k
2020: €246k
2021: €187k
2022: €138k
2023: €88k
2024: €62k
2018 → 2025
Net result
€45k
2024 · €-5k
2018: €19k
2019: €12k
2020: €27k
2021: €4k
2022: €-9k
2023: €-30k
2024: €-5k
2018 → 2025
Working capital
€31k
2024 · €-11k
2018: €73k
2019: €83k
2020: €173k
2021: €46k
2022: €23k
2023: €-16k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€70k▼ 35.5%€20k▼ 70.7%€16k▼ 23.9%€44k▲ 181%
Operating result€6k-€-8k€-29k▼ 248%€-3k▲ 91.5%€47k
Net result€4k-€-9k€-30k▼ 247%€-5k▲ 83.9%€45k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €47k after a loss of €3k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€16k▼ 47.9%
Current assets
€55k▲ 73.9%
Equity and liabilities €71k
Equity
€44k▲ 181%
Debt
€27k▼ 41.1%
The debt ratio falls from 74.8% to 38.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€66k▲
2024 · €16k
Cash flow
€63k▲
2024 · €13k
Solvency
61.6%▲
2024 · 25.2%
Current ratio
2.24▲
2024 · 0.75
Quick ratio
2.24▲
2024 · 0.75
Debt / equity
0.62▼
2024 · 2.96
ROE
102.1%▲
2024 · -31.4%
ROA
62.9%▲
2024 · -7.9%
Interest coverage
77.90▲
2024 · 6.99
Debt
€27k▼
2024 · €46k
Debt ≤ 1 year
€25k▼
2024 · €42k
Debt > 1 year
€0▼
2024 · €2k
Income taxes
€2k▲
2024 · €237
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€62k€71k▲
Fixed assets21/28€30k€16k▼
Tangible fixed assets22/27€29k€14k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€21k€9k▼
Financial fixed assets28€2k€2k=
Current assets29/58€32k€55k▲
Amounts receivable within one year40/41€2k€20k▲
Trade receivables40€915€4k▲
Other amounts receivable41€1k€16k▲
Cash at bank and in hand54/58€27k€34k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€62k€71k▲
Equity10/15€16k€44k▲
Contributions10/11€12k€12k=
Reserves13€4k€15k▲
Distributable reserves133€4k€15k▲
Profit (loss) carried forward14€-1k€16k▲
Amounts payable17/49€46k€27k▼
Amounts payable after more than one year17€2k€0▼
Financial debts170/4€2k€0▼
Amounts payable within one year42/48€42k€25k▼
Current portion of amounts payable after more than one year42€5k€2k▼
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€29k€16k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€27k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€1k€981▼
Gross operating margin9900€17k€67k▲
Operating profit (loss)9901€-3k€47k▲
Financial income75/76B€81€595▲
Recurring financial income75€81€595▲
Financial charges65/66B€2k€843▼
Recurring financial charges65€2k€843▼
Profit (loss) for the period before taxes9903€-5k€47k▲
Income taxes67/77€237€2k▲
Profit (loss) for the period9904€-5k€45k▲
Profit (loss) for the period to be appropriated9905€-5k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€43k▲
Profit (loss) brought forward from the previous period14P-€-1k
Transfer from equity791/2€4k€4k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
Profit to be distributed694/7€0€16k▲
Return on contributions (dividend)694€0€4k▲
Directors or managers695-€12k
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €45k
Net result €45k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.24
Current ratio from 0.75 to 2.24; short-term debt falls from €42k to €25k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 7.87
Current ratio from 3.13 to 7.87; short-term debt falls from €39k to €25k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grimbergen · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Noodbeekstraat 671850 GrimbergenGround area
599 m²
Building footprint
105 m²
Volume, LiDAR
669 m³
Parcel 23403F0195/00F000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Staal-idee
since 20082.168.247.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23403F0195/00F000 | Flanders | 599 m² | 1 · 105 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 710 EUR awarded · 1,064 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 195 EUR | 195 EUR |
| 2024 | 1 | 387 EUR | 314 EUR |
| 2023 | 1 | 128 EUR | 555 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 980 companies in sector 25401 we hold annual accounts for 406. 291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2008
Fiscal year end31-12
Activities, NACEBEL
25401Forging of metal
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.