SIMIT HOUSE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-05-2026 PDF all 6 filings
Turnover
≈ €530,000
Estimated: probably between €350,000 and €870,000
Total assets
€128,574▲ 161%
2024 · €49,266
Net result
€32,316▲ 173%
2024 · €11,827
Working capital
-€7,874▲ 35.1%
2024 · -€12,138
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€50,214
▲ 179%
2025
20202025
Net result
€32,316
▲ 173%
2025
highest quarter of the sector
20202025
Equity
€4,000
=
2025
middle half of the sector
20202025
Total assets
€128,574
▲ 161%
2025
middle half of the sector
20202025
Debt
€124,574
▲ 175%
2025
20202025
Working capital
-€7,874
▲ 35.1%
2025
middle half of the sector
20202025
Solvency
3.1%
▼ 5.0pp
2025
lowest quarter of the sector
20202025
Current ratio
0.94
▲ 0.23
2025
middle half of the sector
20202025
Return on assets (ROA)
25.1%
▲ 1.1pp
2025
highest quarter of the sector
20202025
Staff (FTE)
2.1
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€2,323--€15,876▼ 583%€71,878€11,134▼ 84.5%€17,982▲ 61.5%€50,214▲ 179%
Net result-€2,323below the sector's middle half--€15,906below the sector's middle half▼ 585%€61,233above the sector's middle half€4,980within the sector's middle half▼ 91.9%€11,827within the sector's middle half▲ 137%€32,316above the sector's middle half▲ 173%
Equity€1,677below the sector's middle half--€14,230below the sector's middle half€47,003within the sector's middle half€25,483within the sector's middle half▼ 45.8%€4,000within the sector's middle half▼ 84.3%€4,000within the sector's middle half=
Total assets€3,895below the sector's middle half-€25,651below the sector's middle half▲ 559%€138,395within the sector's middle half▲ 440%€92,338within the sector's middle half▼ 33.3%€49,266below the sector's middle half▼ 46.6%€128,574within the sector's middle half▲ 161%
Debt€2,218-€39,881▲ 18×€91,392▲ 129%€66,855▼ 26.8%€45,266▼ 32.3%€124,574▲ 175%
Working capital-€992within the sector's middle half--€21,902below the sector's middle half▼ 2,108%€28,663within the sector's middle half€4,606within the sector's middle half▼ 83.9%-€12,138below the sector's middle half-€7,874within the sector's middle half▲ 35.1%
Solvency-55.5%below the sector's middle half34.0%within the sector's middle half▲ 89.4pp27.6%within the sector's middle half▼ 6.4pp8.1%within the sector's middle half▼ 19.5pp3.1%below the sector's middle half▼ 5.0pp
Current ratio0.45below the sector's middle half1.31within the sector's middle half▲ 0.861.07within the sector's middle half▼ 0.240.70below the sector's middle half▼ 0.370.94within the sector's middle half▲ 0.23
Return on assets (ROA)-62.0%below the sector's middle half44.2%above the sector's middle half▲ 106.3pp5.4%within the sector's middle half▼ 38.9pp24.0%above the sector's middle half▲ 18.6pp25.1%above the sector's middle half▲ 1.1pp
Staff (FTE)2.1
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 operating result for 2025 is 179% higher than in 2024. It is the second rise in a row, after the fall in 2023.
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 €128,574
Fixed assets
€11,874 ▼ 42.3%
Current assets
€116,699 ▲ 307%
Equity and liabilities €128,574
Equity
€4,000 =
Debt
€124,574 ▲ 175%
Debt's share of the balance-sheet total rises from 91.9% to 96.9%. Debt is higher.
Key figures and ratios
EBITDA
€57,401▲
2024 · €28,185
Cash flow
€39,503▲
2024 · €22,029
Debt to equity
31.14▲
2024 · 11.32
ROE
807.9%▲
2024 · 295.7%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€124,574▲
2024 · €40,829
Income taxes
€17,415▲
2024 · €5,998
Staff costs
€41,267▲
2024 · €38,819
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 3 |
| full-time | 2 |
| part-time | 1 |
| in full-time equivalents | 2.2 |
| Average over the year, in full-time equivalents | 2.1 |
| On a permanent contract | 3 |
| Joined | 5 |
| Left | 5 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,397 | €15,363 | €15,664 | €6,000 | €1,800 |
| Financial fixed assets | - | - | - | €900 | - |
| Depreciation and write-downs of the year | €1,392 | €4,696 | €10,127 | €10,202 | €7,187 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €67,051 | €61,549 | €19,925 | €38,819 | €41,267 | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €182 | €1,392 | €4,696 | €10,127 | €10,202 | €7,187 | ▼ 29.6% |
| Other operating charges640/8 | - | €473 | €903 | €5,318 | €8,784 | €8,698 | ▼ 1.0% |
| Gross operating margin9900 | -€2,142 | €53,040 | €139,025 | €46,504 | €75,788 | €107,366 | ▲ 41.7% |
| Operating profit (loss)9901 | -€2,323 | -€15,876 | €71,878 | €11,134 | €17,982 | €50,214 | ▲ 179% |
| Financial income75/76B | - | €26 | €0 | €0 | €0 | €3 | ▲ 11× |
| Recurring financial income75 | - | €26 | €0 | €0 | €0 | €3 | ▲ 11× |
| Financial charges65/66B | - | €56 | €714 | €4,858 | €158 | €486 | ▲ 207% |
| Recurring financial charges65 | - | €56 | €714 | €4,858 | €158 | €486 | ▲ 207% |
| Profit (loss) for the period before taxes9903 | -€2,323 | -€15,906 | €71,164 | €6,275 | €17,825 | €49,731 | ▲ 179% |
| Income taxes67/77 | - | - | €9,931 | €1,296 | €5,998 | €17,415 | ▲ 190% |
| Profit (loss) for the period9904 | -€2,323 | -€15,906 | €61,233 | €4,980 | €11,827 | €32,316 | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | -€2,323 | -€15,906 | €61,233 | €4,980 | €11,827 | €32,316 | ▲ 173% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €3,895 | €25,651 | €138,395 | €92,338 | €49,266 | €128,574 | ▲ 161% |
| Fixed assets21/28 | €2,668 | €7,673 | €18,340 | €23,877 | €20,574 | €11,874 | ▼ 42.3% |
| Tangible fixed assets22/27 | €2,668 | €7,673 | €18,340 | €23,877 | €19,674 | €10,974 | ▼ 44.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | €1,680 | - |
| Furniture and vehicles24 | - | €2,945 | €14,583 | €16,415 | €14,282 | €5,973 | ▼ 58.2% |
| Other tangible fixed assets26 | - | €4,728 | €3,758 | €7,462 | €5,392 | €3,322 | ▼ 38.4% |
| Financial fixed assets28 | - | - | - | - | €900 | €900 | = |
| Current assets29/58 | €1,226 | €17,979 | €120,055 | €68,461 | €28,691 | €116,699 | ▲ 307% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €16,670 | - |
| Other amounts receivable291 | - | - | - | - | - | €16,670 | - |
| Amounts receivable within one year40/41 | €1,038 | €16,450 | €117,034 | €67,856 | €26,309 | €64,459 | ▲ 145% |
| Trade receivables40 | - | €1,073 | €381 | €6,533 | - | €64,214 | - |
| Other amounts receivable41 | - | €15,377 | €116,653 | €61,322 | €26,309 | €245 | ▼ 99.1% |
| Cash at bank and in hand54/58 | €189 | €1,529 | €2,522 | €605 | €2,032 | €35,459 | ▲ 17× |
| Deferred charges and accrued income490/1 | - | - | €498 | - | €350 | €111 | ▼ 68.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €3,895 | €25,651 | €138,395 | €92,338 | €49,266 | €128,574 | ▲ 161% |
| Equity10/15 | €1,677 | -€14,230 | €47,003 | €25,483 | €4,000 | €4,000 | = |
| Contributions10/11 | - | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€2,323 | -€18,230 | €43,003 | €21,483 | €0 | - | - |
| Amounts payable17/49 | €2,218 | €39,881 | €91,392 | €66,855 | €45,266 | €124,574 | ▲ 175% |
| Amounts payable within one year42/48 | €2,218 | €39,881 | €91,392 | €63,855 | €40,829 | €124,574 | ▲ 205% |
| Trade debts44 | €2,218 | €9,645 | €51,636 | €41,002 | €23,984 | €75,284 | ▲ 214% |
| Suppliers440/4 | - | €9,645 | €51,636 | €41,002 | €23,984 | €75,284 | ▲ 214% |
| Advances received on contracts in progress46 | - | - | - | - | - | €4,000 | - |
| Taxes, remuneration and social security45 | - | €30,236 | €39,756 | €22,853 | €16,845 | €45,289 | ▲ 169% |
| Taxes450/3 | - | €7,168 | €10,887 | €16,602 | €16,682 | €40,398 | ▲ 142% |
| Remuneration and social security454/9 | - | €23,068 | €28,869 | €6,251 | €163 | €4,891 | ▲ 30× |
| Accrued charges and deferred income492/3 | - | - | - | €3,000 | €4,436 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,323 | -€15,906 | €61,233 | €4,980 | €11,827 | €32,316 | ▲ 173% |
| + Depreciation and write-downs630 | €182 | €1,392 | €4,696 | €10,127 | €10,202 | €7,187 | ▼ 29.6% |
| Operating cash flow (approximation) | -€2,142 | -€14,514 | €65,929 | €15,107 | €22,029 | €39,503 | ▲ 79.3% |
| Investment in fixed assets (approximation) | - | -€6,397 | -€15,363 | -€15,664 | -€6,900 | €1,513 | - |
| Change in cash | - | €1,340 | €994 | -€1,917 | €1,427 | €33,427 | ▲ 23× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,153 companies had the same profile as SIMIT HOUSE has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
That fits the bankruptcy probability of SIMIT HOUSE itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,153 companies, not a prediction for SIMIT HOUSE. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-05-2026 | 2026-00115050 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00376607 | |
| 31-12-2023 | micro format | 06-07-2024 | 2024-00222067 | |
| 31-12-2022 | micro format | 25-09-2023 | 2023-00456359 | |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20054249 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-28300287 |