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SIMFIN

Active Risk: not assessed
Private limited companyfounded 2021active for 5 yearsHoof 90, 4840 Welkenraedt, BelgiumKBO/BCE: BE 0763.904.494

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 15-05-2026 PDF all 5 filings

Equity
€454,875▲ 92.0%
2024 · €236,958
Net result
€218,750▲ 209%
2024 · €70,799
Total assets
€2.6m▲ 6.5%
2024 · €2.4m
Solvency
17.5%▲ 7.8pp
2024 · 9.7%
Trend over the years

2021 to 2025, 5 financial years

The operating result for 2025 is 120% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.

Operating result€0.2m 2025 Net result€0.2m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€0.07m-€0.07m▲ 5.2%€0.1m▲ 58.5%€0.1m▼ 9.0%€0.2m▲ 120%
Net result€0.05mwithin the sector's middle half-€0.05mwithin the sector's middle half▲ 1.8%€0.09mabove the sector's middle half▲ 62.6%€0.07mwithin the sector's middle half▼ 18.4%€0.2mabove the sector's middle half▲ 209%
Equity€0.06mwithin the sector's middle half-€0.1mwithin the sector's middle half▲ 84.2%€0.2mwithin the sector's middle half▲ 63.5%€0.2mwithin the sector's middle half▲ 26.1%€0.5mabove the sector's middle half▲ 92.0%
Total assets€0.1mbelow the sector's middle half-€0.2mwithin the sector's middle half▲ 29.9%€0.2mwithin the sector's middle half▲ 49.3%€2.4mabove the sector's middle half▲ 954%€2.6mabove the sector's middle half▲ 6.5%
Debt€0.06m-€0.04m▼ 29.4%€0.04m▲ 9.0%€2.2m▲ 50×€2.1m▼ 2.7%
Working capital€0.05mwithin the sector's middle half-€0.08mwithin the sector's middle half▲ 53.8%€0.1mwithin the sector's middle half▲ 62.6%-€0.04mbelow the sector's middle half€0.01mwithin the sector's middle half
Solvency52.2%within the sector's middle half-74.0%within the sector's middle half▲ 21.8pp81.0%above the sector's middle half▲ 7.0pp9.7%below the sector's middle half▼ 71.4pp17.5%below the sector's middle half▲ 7.8pp
Current ratio2.61within the sector's middle half-3.98above the sector's middle half▲ 1.374.13above the sector's middle half▲ 0.160.78within the sector's middle half▼ 3.361.04within the sector's middle half▲ 0.26
Return on assets (ROA)43.8%above the sector's middle half-34.4%above the sector's middle half▼ 9.5pp37.4%above the sector's middle half▲ 3.1pp2.9%within the sector's middle half▼ 34.5pp8.4%within the sector's middle half▲ 5.5pp
above within below The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets €2.4m ▲ 2.7%
Current assets €244,981 ▲ 64.9%
Equity and liabilities €2.6m
Equity €454,875 ▲ 92.0%
Debt €2.1m ▼ 2.7%
Debt's share of the balance-sheet total falls from 90.3% to 82.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
48.1%▲
2024 · 29.9%
Debt ≤ 1 year
€234,765▲
2024 · €190,608
Debt > 1 year
€1.9m▼
2024 · €2.0m
Income taxes
€49,876▲
2024 · €24,274
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as SIMFIN: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €2.1m and €2.7m, founded between 2020 and 2021.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
SIMFIN Welkenraedt2021€2.6m€0.5m€0.2m€0.2m2025
MAES PATRIMONIUM Hooglede2021€2.4m€1.0m€0.3m€0.1m2025
DE BAUW Asse2020€2.5m€0.5m€0.3m€0.2m2025
CALOU Laakdal2021€2.2m€0.3m€0.2m€0.2m2025
ShipCo Brugge2021€2.1m€0.2m€0.2m€0.5m2025
AVE BUILDING Antwerpen2021€2.6m€0.1m€0.2m€0.1m2025
BKC IMMO Genk2020€2.7m€0.4m€0.2m€0.04m2025

They were chosen from the 20,097 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 (PDF), filed on 15-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€2.4m€2.6m▲
Fixed assets21/28€2.3m€2.4m▲
Tangible fixed assets22/27€0.2m€0.3m▲
Land and buildings22€0.2m€0.2m▼
Plant, machinery and equipment23€0.001m€0.001m▼
Furniture and vehicles24€0.02m€0.09m▲
Leasing and similar rights25€0-
Financial fixed assets28€2.1m€2.1m=
Current assets29/58€0.1m€0.2m▲
Amounts receivable within one year40/41€0.1m€0.2m▲
Trade receivables40€0.09m€0.2m▲
Other amounts receivable41€0.01m€0.01m▲
Cash at bank and in hand54/58€0.05m€0.001m▼
Deferred charges and accrued income490/1€0.002m€0.07m▲
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.6m▲
Equity10/15€0.2m€0.5m▲
Contributions10/11€0.01m€0.01m=
Reserves13€0.2m€0.4m▲
Tax-exempt reserves132-€0.06m
Distributable reserves133€0.2m€0.3m▲
Profit (loss) carried forward14€0.04m€0.08m▲
Amounts payable17/49€2.2m€2.1m▼
Amounts payable after more than one year17€2.0m€1.9m▼
Financial debts170/4€0.6m€0.6m▼
Other amounts payable178/9€1.4m€1.3m▼
Amounts payable within one year42/48€0.2m€0.2m▲
Current portion of amounts payable after more than one year42€0.2m€0.2m▲
Trade debts44€0.003m€0.004m▲
Suppliers440/4€0.003m€0.004m▲
Taxes, remuneration and social security45€0.02m€0.04m▲
Taxes450/3€0.02m€0.04m▲
Remuneration and social security454/9€144€0.004m▲
Other amounts payable47/48€0.02m€0.02m▲
Accrued charges and deferred income492/3€0.005m€187▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.02m▲
Other operating charges640/8€0.02m€0.002m▼
Gross operating margin9900€0.1m€0.2m▲
Operating profit (loss)9901€0.1m€0.2m▲
Financial income75/76B€0€0.07m▲
Recurring financial income75€0€0.07m▲
Financial charges65/66B€0.005m€0.02m▲
Recurring financial charges65€0.005m€0.02m▲
Profit (loss) for the period before taxes9903€0.1m€0.3m▲
Income taxes67/77€0.02m€0.05m▲
Profit (loss) for the period9904€0.07m€0.2m▲
Transfer to tax-exempt reserves689-€0.06m
Profit (loss) for the period to be appropriated9905€0.07m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.03m€0.04m▲
Transfer to equity691/2€0.04m€0.1m▲
To the legal reserve6920€0.04m€0.1m▲
Profit to be distributed694/7€0.02m€0.001m▼
Return on contributions (dividend)694€0.02m€0.001m▼

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,948€5,473€10,459€13,244€16,134▲ 21.8%
Other operating charges640/8-€5,372€2,768€24,667€2,462▼ 90.0%
Gross operating margin9900€73,163€80,294€123,300€138,125€239,148▲ 73.1%
Operating profit (loss)9901€66,044€69,449€110,072€100,213€220,553▲ 120%
Financial income75/76B-€2€0€0€70,011▲ 636,465×
Recurring financial income75€0€2€0€0€70,011▲ 636,465×
Financial charges65/66B-€1,188€708€5,140€21,938▲ 327%
Recurring financial charges65€484€1,188€708€5,140€21,938▲ 327%
Profit (loss) for the period before taxes9903€65,560€68,263€109,364€95,073€268,626▲ 183%
Income taxes67/77€13,162€14,925€22,634€24,274€49,876▲ 105%
Profit (loss) for the period9904€52,398€53,338€86,730€70,799€218,750▲ 209%
Transfer to tax-exempt reserves689----€58,730-
Profit (loss) for the period to be appropriated9905€52,398€53,338€86,730€70,799€160,020▲ 126%
Line20212022202320242025Change
Assets
Total assets20/58€0.1m€0.2m€0.2m€2.4m€2.6m▲ 6.5%
Formation expenses20€315€0----
Fixed assets21/28€0.03m€0.04m€0.05m€2.3m€2.4m▲ 2.7%
Tangible fixed assets22/27€0.03m€0.04m€0.05m€0.2m€0.3m▲ 29.5%
Land and buildings22--€0.02m€0.2m€0.2m▼ 2.2%
Plant, machinery and equipment23---€0.001m€0.001m▼ 41.2%
Furniture and vehicles24-€0.001m€0.002m€0.02m€0.09m▲ 272%
Leasing and similar rights25-€0.04m€0.03m€0--
Financial fixed assets28---€2.1m€2.1m=
Current assets29/58€0.09m€0.1m€0.2m€0.1m€0.2m▲ 64.9%
Amounts receivable within one year40/41€0.02m€0.02m€0.08m€0.1m€0.2m▲ 71.1%
Trade receivables40-€0.02m€0.08m€0.09m€0.2m▲ 74.9%
Other amounts receivable41-€0.005m€57€0.01m€0.01m▲ 38.9%
Cash at bank and in hand54/58€0.06m€0.09m€0.09m€0.05m€0.001m▼ 97.2%
Deferred charges and accrued income490/1-€0.004m€0.002m€0.002m€0.07m▲ 32×
Equity and liabilities
Total equity and liabilities10/49€0.1m€0.2m€0.2m€2.4m€2.6m▲ 6.5%
Equity10/15€0.06m€0.1m€0.2m€0.2m€0.5m▲ 92.0%
Contributions10/11-€0.01m€0.01m€0.01m€0.01m=
Reserves13€0.04m€0.08m€0.1m€0.2m€0.4m▲ 96.9%
Tax-exempt reserves132----€0.06m-
Distributable reserves133-€0.08m€0.1m€0.2m€0.3m▲ 64.9%
Profit (loss) carried forward14€0.01m€0.02m€0.03m€0.04m€0.08m▲ 92.3%
Amounts payable17/49€0.06m€0.04m€0.04m€2.2m€2.1m▼ 2.7%
Amounts payable after more than one year17€0.02m€0.01m€467€2.0m€1.9m▼ 4.9%
Financial debts170/4-€0.01m€467€0.6m€0.6m▼ 3.3%
Other amounts payable178/9---€1.4m€1.3m▼ 5.6%
Amounts payable within one year42/48€0.03m€0.03m€0.04m€0.2m€0.2m▲ 23.2%
Current portion of amounts payable after more than one year42-€0.02m€0.01m€0.2m€0.2m▲ 12.8%
Trade debts44€0.008m€0.003m€0.004m€0.003m€0.004m▲ 19.5%
Suppliers440/4-€0.003m€0.004m€0.003m€0.004m▲ 19.5%
Taxes, remuneration and social security45-€0.002m€0.02m€0.02m€0.04m▲ 125%
Taxes450/3-€0.002m€0.02m€0.02m€0.04m▲ 108%
Remuneration and social security454/9-€296€144€144€0.004m▲ 24×
Other amounts payable47/48-€291€0.003m€0.02m€0.02m▲ 6.4%
Accrued charges and deferred income492/3--€65€0.005m€187▼ 96.0%
Line20212022202320242025Change
Profit (loss) for the period9904€0.05m€0.05m€0.09m€0.07m€0.2m▲ 209%
+ Depreciation and write-downs630€0.006m€0.005m€0.01m€0.01m€0.02m▲ 21.8%
Operating cash flow (approximation)€0.06m€0.06m€0.1m€0.08m€0.2m▲ 179%
Investment in fixed assets (approximation)--€0.02m-€0.02m-€2.3m-€0.08m▲ 96.5%
Change in cash-€0.03m€0.007m-€0.05m-€0.05m▲ 2.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference Document
31-12-2025 micro format 15-05-2026 2026-00111515 PDF
31-12-2024 micro format 20-05-2025 2025-00098973 PDF
31-12-2023 micro format 20-06-2024 2024-00143112 PDF
31-12-2022 micro format 15-05-2023 2023-00086850 PDF
31-12-2021 micro format 31-03-2022 2022-09800431 PDF

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