Equity
€19,069 from €88,551 in 2024
Equity fell by 78% in 1 year.
SIMICO
Overview
Lifetime
4 annual accounts with figures on one time axispeak €48,908 (2023)
€19,917▼ 42.1%
peak €37,740 (2023)
€14,069▼ 45.9%
peak €88,551 (2024)
€19,069▼ 78.5%
€85,575▲ 373%
Board1 name since 2022
1 directorSIMILLION Hans
Documentsfilings and deeds
23-03-2026130 days before the deadline
2025micro format
Gross margin from €34,421 to €19,917Result from €25,996 to €14,069Dividend €83,551Equity from €88,551 to €19,069Debts from €18,099 to €85,575
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The micro format states no turnover.
Debts
€85,575 82% of the balance sheet
Liquidity
1.20 was 5.73 in 2024
Short-term debts rose from €18,099 to €85,575.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 87 to 147 days before the end of the period.
Starting capital
€5,000 100 shares
Checked score
90
Excellent
Financially stronger than 36% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.1%▼ -0.2 percentage points vs 05-2025
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2022
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Liquidity: current ratio 1.20, cash €57,341
Size: total assets €104,644
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 27% of them on solvency, 48% on liquidity, 60% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as SIMICO has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SIMICO itself is lower: 0.1% within 12 months. It rests on far more data about SIMICO than the profile alone.
Test of the method
The method was tested on the 497,447 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 7,976 companies, not a prediction for SIMICO. 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.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (5.73 in 2024), below the usual 1.5. Short-term debt is 81.8% and cash 54.8% of total assets. 81.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 23-03-2026, 130 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
130 days early
2024
87 days early
2023
89 days early
2022
147 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 113 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 April (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0787511029
Registered office moved from Buizingen to Meerbeke
New registered office: Stenebrug 48, 9402 Meerbeke · Previous registered office: Dorekensveld 19, 1501 Buizingen · General meeting of 10-02-2023 · Gazette deed
Incorporation
Founding capital of €5,000, 100 shares · Founder: SIMILLION Hans · Appointment: SIMILLION Hans (director) · published on 24-06-2022 · Gazette deed
First establishment
Stenebrug 48, Ninove
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIMICO Ninove | €104,644 | €19,917 | 18.2% | - |
| HR ROCKS Ghent | €89,539 | €19,282 | 83.4% | - |
| MDW design Brecht | €109,364 | €20,791 | 69.0% | - |
| Alternative Evolution Sint-Gillis (bij-Brussel) | €101,651 | €21,151 | -28.1% | - |
| Mpactive Diepenbeek | €108,097 | €18,454 | 57.0% | - |
| ROSSI CONSULT Kortenberg | €117,375 | €20,292 | 1.7% | - |
| Brussels Bubbles Etterbeek | €121,087 | €19,460 | 46.7% | - |
These companies have the same main activity as SIMICO: other business support services (NACE 82990). They are comparable in size and age: total assets between €89,500 and €121,000, founded in 2022.
Official details
Source: KBO- Status
- Active since 22-06-2022Normal situation
- Activity
- Other business support servicesNACE 82990and 5 others
- Establishment unit
- 2.332.718.0599402 Ninove, since 22-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 28-01-2026
Annual accounts 2025
- €19,917▼ 42.1%
- €14,069▼ 45.9%
- €19,069▼ 78.5%
- €104,644▼ 1.9%
- Filing
- Filed on 23-03-2026, 130 days before the end of the filing period
Insights on SIMICO
SIMICO files the micro format. That format states no turnover. The gross margin fell from €28,709 in 2022 to €19,917 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-03-2026, 130 days before the deadline€19,917
▼ 42.1%
€18,144
▼ 45.0%
€14,069
▼ 45.9%
€16,766
▼ 80.4%
18.2%
▼ 64.8 percentage points
1.20
▼ 4.53
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €61,000 and €220,000.
Balance sheet
balance sheet total €104,644 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
18.2%
Higher than 25% of 9,695 companies in 2025.
1.20
Higher than 34% of 9,313 companies in 2025.
13.4%
Higher than 53% of 9,437 companies in 2025.
SIMICO
Middle half of the sector
80% of the sector
Micro accounts in office administrative support (NACE 82)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
104,644 | 106,651 | 89,674 | 45,727 | |
21/28 |
2,303 | 2,928 | 3,925 | 3,819 | |
22/27 |
2,303 | 2,928 | 3,925 | 3,819 | |
24 |
2,303 | 2,928 | 3,925 | 3,819 | |
29/58 |
102,342 | 103,723 | 85,749 | 41,909 | |
29 |
11,500 | 11,500 | 11,500 | 11,500 | |
291 |
11,500 | 11,500 | 11,500 | 11,500 | |
40/41 |
32,696 | 37,675 | 41,150 | 21,686 | |
40 |
10,285 | 37,675 | 41,150 | 21,686 | |
41 |
22,411 | - | - | - | |
54/58 |
57,341 | 53,670 | 32,667 | 8,722 | |
490/1 |
805 | 878 | 431 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
104,644 | 106,651 | 89,674 | 45,727 | |
10/15 |
19,069 | 88,551 | 63,414 | 26,474 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
13 |
14,069 | 83,551 | 58,414 | 21,474 | |
133 |
14,069 | 83,551 | 58,414 | 21,474 | |
14 |
0 | 0 | 0 | 0 | |
17/49 |
85,575 | 18,099 | 26,260 | 19,253 | |
42/48 |
85,575 | 18,099 | 26,260 | 19,253 | |
44 |
0 | 63 | 1,223 | 2,385 | |
440/4 |
0 | 63 | 1,223 | 2,385 | |
45 |
14,433 | 17,992 | 20,917 | 13,117 | |
450/3 |
12,433 | 15,992 | 18,917 | 11,317 | |
454/9 |
2,000 | 2,000 | 2,000 | 1,800 | |
47/48 |
71,143 | 44 | 4,120 | 3,751 | |
| Income statement | |||||
9900 |
19,917 | 34,421 | 48,908 | 28,709 | |
630 |
1,016 | 997 | 819 | 243 | |
640/8 |
758 | 459 | 384 | 348 | |
9901 |
18,144 | 32,965 | 47,704 | 28,119 | |
75/76B |
805 | 65,644 | 805 | - | |
75 |
805 | 65,644 | 805 | - | |
65/66B |
190 | 65,183 | 222 | 83 | |
65 |
190 | 65,183 | 222 | 83 | |
9903 |
18,758 | 33,426 | 48,287 | 28,036 | |
67/77 |
4,689 | 7,430 | 10,547 | 5,763 | |
9904 |
14,069 | 25,996 | 37,740 | 22,274 | |
9905 |
14,069 | 25,996 | 37,740 | 22,274 | |
| Appropriation of the result | |||||
9906 |
14,069 | 25,996 | 37,740 | 22,274 | |
791/2 |
83,551 | - | - | - | |
691/2 |
14,069 | 25,137 | 36,940 | 21,474 | |
6921 |
14,069 | 25,137 | 36,940 | 21,474 | |
694/7 |
83,551 | 859 | 800 | 800 | |
694 |
83,551 | 859 | 800 | 800 | |
| Document | |||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 19,159 | 33,962 | 48,524 | 28,362 | ||
| 15,085 | 26,994 | 38,560 | 22,516 | ||
| 391 | 0 | 926 | 4,061 | ||
| 3,671 | 21,003 | 23,945 | - | ||
| 16,766 | 85,623 | 59,489 | 22,655 | ||
| 18.2% | 83.0% | 70.7% | 57.9% | ||
| 1.20 | 5.73 | 3.27 | 2.18 | ||
| 4.49 | 0.20 | 0.41 | 0.73 | ||
| 73.8% | 29.4% | 59.5% | 84.1% | ||
| 13.4% | 24.4% | 42.1% | 48.7% | ||
| over 100 | 0.52 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €391 | - | €926 | €4,061 |
| €1,016 | €997 | €819 | €243 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on SIMICO
The operating result for 2025 is 45% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 17.0% to 81.8%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 22-06-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 23-03-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegd-heden van de bestuurders aan…”deed of 24-06-2022
Mandates through the years
1 name, the dashed line is todaySIMILLION Hans
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- SIMILLION Hans
- Director (not named in the articles), from 22-06-2022 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 100
- Contribution per share
- €50
- Equity per share
- €191 in 2025
- Source
- deed of 24-06-2022
Articles of association
deed of 24-06-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 24-06-2022 ↗
- SIMILLION Hans 100 shares (100%) · €5,000 in cash
Network & group
No group
SIMICO has no parent and no holdings in its annual accounts. SIMILLION Hans is the only director. SIMICO shares no director with another company.
Timeline
Timeline
10 events since 2022Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 130 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0787511029
2025
Weakest financial year net €14,069 ▼45.9% The net result drops to €14,069, the lowest from 2022 to 2025.
Annual accounts 2024 filed PDFmicro format · 87 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 89 days before the deadline
2023
Highest result from 2022 to 2025 net €37,740 ▲69.4% The operating result of €47,704 and the net result of €37,740 are both a record.
Registered office moved from Buizingen to MeerbekeNew registered office: Stenebrug 48, 9402 Meerbeke · Previous registered office: Dorekensveld 19, 1501 Buizingen · General meeting of 10-02-20232 points ▸
- General meeting, 10-02-2023
- Registered-office move, Stenebrug 48, 9402 Meerbeke
- The deed holds 1 more point.
Annual accounts 2022 filed PDFmicro format · 147 days before the deadline
2022
IncorporationFounding capital of €5,000, 100 shares · Founder: SIMILLION Hans · Appointment: SIMILLION Hans (director) · published on 24-06-20226 points ▸
- Founder, SIMILLION Hans
- Founding capital, €5,000, 100 shares
- 100 shares
- Registered office clause, 1501 Halle (Buizingen) Dorekensveld 19
- Board rule, 1
- Director appointment, SIMILLION Hans (director (not named in the articles))
- The deed holds 6 more points.
First establishment Stenebrug 48, Ninove
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0787.511.029
- VAT number
- BE 0787.511.029
- Peppol ID
- 0208:0787511029
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 22-06-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Monday of June at 20:00deed of 24-06-2022 (in Dutch)
- Peppol
- Reachable since 28-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SIMICO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-06-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 24-06-2022 (in Dutch)
Activities
NACEBEL 202582990
Other business support services main activity
62100
Computer programming
85599
Other education
Codes under NACEBEL 2008
82990
Other business support services main activity
62010
Computer programming, consultancy and related activities
62020
IT consultancy
63110
Computing infrastructure, data processing, hosting and other information service activities
68100
Real estate activities
85599
Other education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van management en consultancy diensten en advies op het gebied van IT,financiën,bedrijfsvoering,administratie en…”deed of 24-06-2022 (in Dutch)
14 activities
- Het verlenen van management en consultancy diensten en advies op het gebied van IT,financiën,bedrijfsvoering,administratie en bedrijfsorganisatie aan bedrijven,overheden,verenigingen,universiteiten en verwante organisaties of instellingen
- Het schrijven,ontwikkelen,verbeteren,onderhouden,analyseren,kopen verkopen van programma’s,besturingssystemen en dergelijke voor computers,databanken,beheerssystemen,mainframes en netwerken
- Groot- en kleinhandel in computers,hard- en software,kantoorbenodigdheden,telecommunicatieapparatuur,video- en audio-apparatuur,domotica en bewakingssystemen
- Assemblage,onderhoud herstellingen en verhuur van voormelde apparatuur en systemen
- Het aan- en verkopen,vervaardigen,assembleren en herstellen en verhuren van diverse roerende goederen
- Het nemen van participaties in andere ondernemingen
- Het uitbaten van concessies,licenties en andere immateriële rechten in activa
- Het waarnemen van de mandaten van zaakvoerder,bestuurder en vereffenaar in andere vennootschappen
- Verstrekken van managementadviezen
- Organisatie van trainingen en beroepsopleidingen in de ruime zin van het woord
- Aankoop,verbouwing en verhuur/verkoop van voertuigen (voorbeeld: fiets/van/mobil home,… )
- Aankoop,design,ontwikkeling,aansturing,verkoop en verhuur van “technische installaties” (voorbeeld: brouwinstallatie,robot,… )
- De vennootschap kan haar geldmiddelen beleggen in roerende of onroerende goederen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen,alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks en onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Stenebrug 48 registered office 9402 Ninove 62100 Computer programming | 22-06-2022 | 2.332.718.059 |
1 former office
- Dorekensveld 19, 1501 Buizingen until 10-02-2023 · deed of 20-06-2023
Buildings and parcels at the address
- Ground area
- 1,846 m²
- Buildings
- 142 m²
- Volume, LiDAR
- 815 m³
- Tallest building
- 9.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41038A0208/00F000 | 1,846 m² | 1 · 142 m² | 9.7 m · 2 |