SIMH
ActiveSummary
SIMH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,045 and a net result of €65,363. Equity is growing by ~37.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 7 accounts on average 28 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 1,599 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,599 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,269 | €54,737 | €54,574 | €53,485 | €54,799 | ▲ 2.5% |
| Other operating charges640/8 | €10,029 | €10,785 | €11,879 | €12,277 | €12,662 | ▲ 3.1% |
| Non-recurring operating charges66A | €276 | - | - | - | - | - |
| Gross operating margin9900 | €168,984 | €152,314 | €184,649 | €183,038 | €176,928 | ▼ 3.3% |
| Operating profit (loss)9901 | €105,409 | €86,792 | €118,196 | €117,277 | €109,466 | ▼ 6.7% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - | - |
| Financial charges65/66B | €2,802 | €30,787 | €26,987 | €27,657 | €25,767 | ▼ 6.8% |
| Recurring financial charges65 | €2,802 | €30,787 | €26,987 | €27,657 | €25,767 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €102,608 | €56,006 | €91,209 | €89,620 | €83,700 | ▼ 6.6% |
| Income taxes67/77 | - | - | - | - | €18,337 | - |
| Profit (loss) for the period9904 | €102,608 | €56,006 | €91,209 | €89,620 | €65,363 | ▼ 27.1% |
| Profit (loss) for the period to be appropriated9905 | €102,608 | €56,006 | €91,209 | €89,620 | €65,363 | ▼ 27.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▼ 3.3% |
| Formation expenses20 | €300 | €60 | - | - | - | - |
| Fixed assets21/28 | €1.5m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 3.6% |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 3.6% |
| Land and buildings22 | €1.5m | €1.5m | €1.5m | €1.5m | €1.4m | ▼ 3.5% |
| Furniture and vehicles24 | €6,792 | €4,584 | €2,639 | €2,228 | €1,817 | ▼ 18.5% |
| Current assets29/58 | €11,762 | €16,340 | €25,352 | €47,179 | €50,111 | ▲ 6.2% |
| Current investments50/53 | - | - | - | - | €6,000 | - |
| Cash at bank and in hand54/58 | €10,207 | €14,444 | €23,310 | €45,015 | €41,884 | ▼ 7.0% |
| Deferred charges and accrued income490/1 | €1,555 | €1,896 | €2,042 | €2,164 | €2,227 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | ▼ 3.3% |
| Equity10/15 | -€205,026 | -€180,146 | -€88,938 | €682 | €66,045 | ▲ 9,578% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | - | - | - | €59,845 | - |
| Distributable reserves133 | - | - | - | - | €59,845 | - |
| Profit (loss) carried forward14 | -€211,226 | -€186,346 | -€95,138 | -€5,518 | - | - |
| Amounts payable17/49 | €1.8m | €1.7m | €1.6m | €1.5m | €1.4m | ▼ 7.6% |
| Amounts payable after more than one year17 | €1.6m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 8.7% |
| Financial debts170/4 | €1.6m | €1.6m | €1.5m | €1.4m | €1.3m | ▼ 8.7% |
| Amounts payable within one year42/48 | €153,286 | €144,405 | €120,797 | €122,436 | €127,584 | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | €69,670 | €106,595 | €116,884 | €109,243 | €119,898 | ▲ 9.8% |
| Trade debts44 | €33,132 | €1,876 | €979 | €9,230 | €386 | ▼ 95.8% |
| Suppliers440/4 | €33,132 | €1,876 | €979 | €9,230 | €386 | ▼ 95.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €3,337 | - |
| Taxes450/3 | - | - | - | - | €3,337 | - |
| Other amounts payable47/48 | €50,484 | €35,935 | €2,935 | €3,963 | €3,963 | = |
| Accrued charges and deferred income492/3 | - | - | €8,313 | €8,924 | €9,213 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,608 | €56,006 | €91,209 | €89,620 | €65,363 | ▼ 27.1% |
| + Depreciation and write-downs630 | €53,269 | €54,737 | €54,574 | €53,485 | €54,799 | ▲ 2.5% |
| Operating cash flow (approximation) | €155,877 | €110,743 | €145,782 | €143,105 | €120,162 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | -€48,370 | -€13,586 | -€23,333 | -€2,798 | ▲ 88.0% |
| Change in cash | - | €4,237 | €8,866 | €21,706 | -€3,131 | ▼ 114% |
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
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462B0033/00B000 | Wallonia | 1,699 m² | 1 · 186 m² | 8.8 m · 2 fl. |
| 57462B0039/00X000 | Wallonia | 1,130 m² | 1 · 259 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
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