SIMETI ENGINEERING

Open bankruptcy

Public limited companyfounded 1997Zone art. de la Rivièrette(SG) 9, 7330 Saint-Ghislain, BelgiumKBO/BCE: BE 0461.852.236

A bankruptcy procedure is open for SIMETI ENGINEERING according to publications in the Belgian State Gazette; curator: TONY BELLAVIA. The 2019 annual accounts show equity of €722k and a net result of €12k.

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Signals

Three signals.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2019, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€12k▼ 72.7%

2018 · €45k

2018: €45k

2018 → 2019

Working capital

€634k▲ 5.2%

2018 · €603k

2018: €603k

2018 → 2019

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20182019Trend

Equity€707k-€722k▲ 2.2%

Operating result€290k-€248k▼ 14.6%

Net result€45k-€12k▼ 72.7%

Result per fiscal year

Operating resultNet result

The operating result falls in 2019; 2019 is 15% below 2018.

Balance-sheet composition

2019 in colour, 2018 as the grey bar beneath

Assets €3.55M

94.0%

Fixed assets €215k▼ 19.0%

Current assets €3.34M▲ 2.0%

Equity and liabilities €3.55M

20.3%

79.7%

Equity €722k▲ 2.2%

Debt €2.83M▼ 0.1%

The debt ratio falls from 80.0% to 79.7%. Equity is higher and debt is lower.

Key figures and ratios

2019 value · change against 2018

EBITDA

€338k▼

2018 · €381k

Cash flow

€102k▼

2018 · €136k

Solvency

20.3%▲

2018 · 20.0%

Current ratio

1.23▲

2018 · 1.23

Quick ratio

1.23▲

2018 · 1.23

Debt / equity

0.17▼

2018 · 0.21

ROE

1.7%▼

2018 · 6.4%

ROA

0.3%▼

2018 · 1.3%

Debt

€2.83M▼

2018 · €2.83M

Debt ≤ 1 year

€2.70M▲

2018 · €2.67M

Debt > 1 year

€126k▼

2018 · €146k

Income taxes

€92k▼

2018 · €162k

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 · 2019 against 2018

Balance sheet Code20182019

Assets

Total assets20/58€3.54M€3.55M▲

Fixed assets21/28€265k€215k▼

Tangible fixed assets22/27€235k€170k▼

Financial fixed assets28€30k€45k▲

Current assets29/58€3.27M€3.34M▲

Amounts receivable within one year40/41€2.75M€2.59M▼

Cash at bank and in hand54/58€11k€209k▲

Equity and liabilities

Total equity and liabilities10/49€3.54M€3.55M▲

Equity10/15€707k€722k▲

Contributions10/11€550k€550k=

Reserves13€51k€51k▲

Profit (loss) carried forward14€106k€121k▲

Amounts payable17/49€2.83M€2.83M▼

Amounts payable after more than one year17€146k€126k▼

Amounts payable within one year42/48€2.67M€2.70M▲

Trade debts44€611k€647k▲

Income statement Code20182019

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€90k▼

Gross operating margin9900€2.02M€2.16M▲

Operating profit (loss)9901€290k€248k▼

Recurring financial income75€12€222▲

Recurring financial charges65€82k€143k▲

Profit (loss) for the period before taxes9903€207k€105k▼

Income taxes67/77€162k€92k▼

Profit (loss) for the period9904€45k€12k▼

Profit (loss) for the period to be appropriated9905€45k€12k▼

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Timeline · acts, filings and financial milestones

All 11Signals 1Filings 10

2021

15-09

Bankruptcy Opening

Tribunal de l’entreprise du Hainaut, division Mons · SIMETI ENGINEERING SA ZONE ART. DE LA RIVIERETTE 9, 7330 SAINT-GHISLAIN · event 06-09-2021

2020

30-10