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SIMITEX

Active
Private limited companyfounded 1987active for 38 yearsGrasdreef 6, 8200 Brugge, BelgiumKBO/BCE: BE 0432.827.064

From the official registers: KBO 38 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

SIMITEX has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €689,365 and a net result of €13,073. Equity has been growing by about 4.8% per year since 2018. Its solvency ranks better than 73% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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SIMITEXActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Overview

Official details

KBO
Status
Active since 15-12-1987 Normal situation
Activity
Production of electricity from non-renewable sources NACE 35110
Establishment unit
2.033.135.539 8200 Brugge, since 11-01-1988
Financial year end
31 December
Peppol
Reachable since 05-01-2026
Company details

Board and ownership

Board
Auditor
VGD Bedrijfsrevisoren
Board & ownership

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€97,642
▼ 2.8%
Turnover
≈ €270,000
estimated
Profit
€13,073
▼ 34.8%
Equity
€689,365
▲ 1.9%
Total assets
€1.1m
▲ 0.1%
Filed on 07-07-2026, 24 days before the deadlineat the National Bank
Financials
Score breakdownlowers riskSize: total assets €1.1mFounded in 1987Figures for financial year 2025 (filed on 07-07-2026)Equity €689,365 (61.9% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of micro companies in electricity, gas and steam (NACE 35)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 87+1
equity 61.9% of total assets
Liquidity 46-4
short-term debt 37.0% · cash 10.4%
Profitability 62-4
return on assets 1.2%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (543 companies, NACE 35, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025highest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged 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
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.36 (0.42 in 2024), below 1. Short-term debt is 37% and cash 10.4% of total assets. 38.1% of the assets are financed with debt and provisions.
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 35, micro). It does better than 66% of them on solvency, 30% on liquidity, 51% on profitability and 57% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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 riskneutral
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1987
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 07-07-2026)
NBB · annual accounts
lowers risk · Equity €689,365 (61.9% of total assets)
NBB · annual accounts
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 days early
2024
139 days early
2023
41 days early
2022
42 days early
2021
34 days early
2020
40 days early
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 50 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% 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 21 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 07-07-2026 at the NBB all 38 filings

Turnover
≈ €270,000
Estimated: probably between €170,000 and €520,000
Total assets
€1.1m▲ 0.1%
2024 · €1.1m
Net result
€13,073▼ 34.8%
2024 · €20,048
Working capital
-€265,454▼ 9.3%
2024 · -€242,779
In the rankings #9 oldest company in West Flanders, Energy sector
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 26% lower than in 2024. It is the second fall in a row.

Operating result€0.03m 2025 Net result€0.01m 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 Electricity, gas, steam and air conditioning supply (NACE 35). 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
Line20182019202020212022202320242025
Operating result€0.05m-€0.01m▼ 75.4%€0.02m▲ 76.1%€0.01m▼ 49.7%€0.05m▲ 334%€0.05m▲ 1.3%€0.04m▼ 8.7%€0.03m▼ 25.7%
Net result€0.03m--€0.002m€0.005mwithin the sector's middle half-€0.004mbelow the sector's middle half€0.02mwithin the sector's middle half€0.02mwithin the sector's middle half▲ 2.5%€0.02mwithin the sector's middle half▼ 12.6%€0.01mwithin the sector's middle half▼ 34.8%
Equity€0.5m-€0.5m▼ 0.5%€0.5mwithin the sector's middle half▲ 1.1%€0.5mwithin the sector's middle half▼ 0.8%€0.5mwithin the sector's middle half▲ 4.9%€0.5mwithin the sector's middle half▲ 4.7%€0.7mwithin the sector's middle half▲ 32.3%€0.7mwithin the sector's middle half▲ 1.9%
Total assets€1.0m-€1.0m▼ 1.1%€1.0mwithin the sector's middle half▲ 1.2%€0.9mbelow the sector's middle half▼ 2.9%€1.0mbelow the sector's middle half▲ 1.8%€0.9mbelow the sector's middle half▼ 2.7%€1.1mwithin the sector's middle half▲ 18.7%€1.1mwithin the sector's middle half▲ 0.1%
Debt€0.5m-€0.5m▼ 1.0%€0.5m▲ 2.0%€0.5m▼ 4.2%€0.5m▼ 0.5%€0.4m▼ 9.6%€0.4m▲ 3.4%€0.4m▼ 2.7%
Working capital-€0.3m--€0.3m▲ 6.7%-€0.4mbelow the sector's middle half▼ 28.0%-€0.3mbelow the sector's middle half▲ 4.8%-€0.3mbelow the sector's middle half▲ 13.8%-€0.3mbelow the sector's middle half▼ 3.0%-€0.2mbelow the sector's middle half▲ 18.4%-€0.3mbelow the sector's middle half▼ 9.3%
Solvency47.9%-48.2%▲ 0.3pp48.2%within the sector's middle half=49.2%within the sector's middle half▲ 1.1pp50.8%within the sector's middle half▲ 1.5pp54.6%within the sector's middle half▲ 3.8pp60.8%above the sector's middle half▲ 6.2pp61.9%within the sector's middle half▲ 1.1pp
Current ratio0.27-0.34▲ 0.060.21below the sector's middle half▼ 0.130.24below the sector's middle half▲ 0.040.36below the sector's middle half▲ 0.120.27below the sector's middle half▼ 0.090.42below the sector's middle half▲ 0.150.36below the sector's middle half▼ 0.06
Return on assets (ROA)3.2%--0.3%▼ 3.5pp0.5%within the sector's middle half▲ 0.8pp-0.4%below the sector's middle half▼ 0.9pp2.3%within the sector's middle half▲ 2.7pp2.5%within the sector's middle half▲ 0.1pp1.8%within the sector's middle half▼ 0.6pp1.2%within the sector's middle half▼ 0.6pp
above within below The sector band is the middle half of the companies in Electricity, gas, steam and air conditioning supply (NACE 35). 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 abbreviated 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 €1.1m
Fixed assets €966,269 ▲ 3.2%
Current assets €146,956 ▼ 16.2%
Equity and liabilities €1.1m
Equity €689,365 ▲ 1.9%
Debt €423,860 ▼ 2.7%
Debt's share of the balance-sheet total falls from 39.2% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€85,477▼
2024 · €88,663
Cash flow
€65,195▲
2024 · €63,796
Debt to equity
0.61▼
2024 · 0.64
ROE
1.9%▼
2024 · 3.0%
Interest coverage
5.05▼
2024 · 5.35
Debt ≤ 1 year
€412,409▼
2024 · €418,187
Income taxes
€3,366▼
2024 · €11,997
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 SIMITEX: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €663,000 and €1.4m, founded between 1981 and 1995.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
SIMITEX Brugge1987€1.1m€0.7m€0.1m€0.01m2025
ONS GOED Kapellen1987€1.4m€0.5m€0.2m€0.05m2025
Twin - Zinc Belgium Turnhout1991€1.1m€0.9m€0.05m€0.02m2025
F.Y.M. CONSULT Pepinster1981€1.0m€0.04m€0.06m-€0.01m2025
CENTRALES GAMBY Malmedy1995€1.0m€0.7m€0.1m€0.08m2025
DERUYTTER M. Moorslede1988€1.0m€0.2m€0.03m-€0.1m2025
VERPLANCKE JOHAN Ichtegem1987€0.7m€0.5m€0.03m€0.02m2025

They were chosen from the 565 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 14,766 companies had the same profile as SIMITEX has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96.2% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SIMITEX itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 14,766 companies, not a prediction for SIMITEX. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.1m▲
Fixed assets21/28€0.9m€1.0m▲
Tangible fixed assets22/27€0.9m€1.0m▲
Land and buildings22€0.9m€1.0m▲
Current assets29/58€0.2m€0.1m▼
Amounts receivable within one year40/41€0.005m€0.002m▼
Trade receivables40-€0.002m
Other amounts receivable41€0.005m€134▼
Current investments50/53€0.01m€0.01m=
Cash at bank and in hand54/58€0.2m€0.1m▼
Deferred charges and accrued income490/1€0.004m€0.02m▲
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m▲
Equity10/15€0.7m€0.7m▲
Contributions10/11€0.5m€0.5m=
Reserves13€0.2m€0.2m▲
Distributable reserves133€0.2m€0.2m▲
Amounts payable17/49€0.4m€0.4m▼
Amounts payable within one year42/48€0.4m€0.4m▼
Trade debts44€0.001m€0.002m▲
Suppliers440/4€0.001m€0.002m▲
Taxes, remuneration and social security45€0.005m€0.005m▲
Taxes450/3€0.005m€0.005m▲
Other amounts payable47/48€0.4m€0.4m▼
Accrued charges and deferred income492/3€0.02m€0.01m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.05m▲
Other operating charges640/8€0.01m€0.01m▲
Gross operating margin9900€0.1m€0.1m▼
Operating profit (loss)9901€0.04m€0.03m▼
Financial charges65/66B€0.02m€0.02m▲
Recurring financial charges65€0.02m€0.02m▲
Profit (loss) for the period before taxes9903€0.03m€0.02m▼
Transfer from deferred taxes780€0.004m€0▼
Income taxes67/77€0.01m€0.003m▼
Profit (loss) for the period9904€0.02m€0.01m▼
Transfer from tax-exempt reserves789€0.006m€0▼
Profit (loss) for the period to be appropriated9905€0.03m€0.01m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.03m€0.01m▼
Transfer to equity691/2€0.03m€0.01m▼
To other reserves6921€0.03m€0.01m▼

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39,491€39,491€40,565€43,651€39,882€41,023€43,747€52,123▲ 19.1%
Other operating charges640/8---€10,122€10,283€11,339€11,741€12,165▲ 3.6%
Gross operating margin9900€102,242€61,537€74,882€64,948€98,706€101,545€100,404€97,642▼ 2.8%
Operating profit (loss)9901€51,189€12,607€22,198€11,175€48,541€49,183€44,916€33,355▼ 25.7%
Financial income75/76B----€869----
Recurring financial income75--€1,350-€869----
Financial charges65/66B---€17,584€17,712€17,382€16,577€16,917▲ 2.1%
Recurring financial charges65€10,237€16,993€17,134€17,584€17,712€17,382€16,577€16,917▲ 2.1%
Profit (loss) for the period before taxes9903€40,952-€4,386€6,414-€6,409€31,698€31,801€28,339€16,438▼ 42.0%
Transfer from deferred taxes780---€3,706€3,706€3,706€3,706€0▼ 100%
Income taxes67/77€13,324€1,742€4,993€896€13,021€12,561€11,997€3,366▼ 71.9%
Profit (loss) for the period9904€31,334-€2,421€5,128-€3,599€22,383€22,946€20,048€13,073▼ 34.8%
Transfer from tax-exempt reserves789---€5,520€5,520€5,520€5,520€0▼ 100%
Profit (loss) for the period to be appropriated9905€36,854€3,099€10,648€1,921€27,902€28,466€25,568€13,073▼ 48.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.0m€1.0m€1.0m€0.9m€1.0m€0.9m€1.1m€1.1m▲ 0.1%
Fixed assets21/28€0.9m€0.8m€0.9m€0.8m€0.8m€0.8m€0.9m€1.0m▲ 3.2%
Tangible fixed assets22/27€0.9m€0.8m€0.9m€0.8m€0.8m€0.8m€0.9m€1.0m▲ 3.2%
Land and buildings22---€0.8m€0.8m€0.8m€0.9m€1.0m▲ 3.2%
Current assets29/58€0.1m€0.1m€0.09m€0.1m€0.2m€0.1m€0.2m€0.1m▼ 16.2%
Amounts receivable within one year40/41-€0.002m€7€0.01m€0.004m€0.006m€0.005m€0.002m▼ 55.1%
Trade receivables40----€0.004m€0.003m-€0.002m-
Other amounts receivable41---€0.01m-€0.002m€0.005m€134▼ 97.5%
Current investments50/53€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m=
Cash at bank and in hand54/58€0.1m€0.1m€0.07m€0.09m€0.1m€0.09m€0.2m€0.1m▼ 24.1%
Deferred charges and accrued income490/1----€0.002m-€0.004m€0.02m▲ 302%
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.0m€1.0m€0.9m€1.0m€0.9m€1.1m€1.1m▲ 0.1%
Equity10/15€0.5m€0.5m€0.5m€0.5m€0.5m€0.5m€0.7m€0.7m▲ 1.9%
Contributions10/11€0.3m€0.3m-€0.3m€0.3m€0.3m€0.5m€0.5m=
Reserves13€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▲ 5.9%
Non-distributable reserves130/1---€0.02m€0.02m€0.02m---
Reserves not available under the articles1311---€0.02m€0.02m€0.02m---
Tax-exempt reserves132---€0.02m€0.01m€0.006m---
Distributable reserves133---€0.1m€0.2m€0.2m€0.2m€0.2m▲ 5.9%
Provisions and deferred taxes16€0.02m€0.02m€0.01m€0.01m€0.007m€0.004m---
Deferred taxes168---€0.01m€0.007m€0.004m---
Amounts payable17/49€0.5m€0.5m€0.5m€0.5m€0.5m€0.4m€0.4m€0.4m▼ 2.7%
Amounts payable after more than one year17€0.07m€0.05m€0.03m€0.01m-----
Financial debts170/4---€0.01m-----
Amounts payable within one year42/48€0.4m€0.4m€0.4m€0.4m€0.5m€0.4m€0.4m€0.4m▼ 1.4%
Current portion of amounts payable after more than one year42---€0.02m€0.01m----
Trade debts44-€0.003m--€0.006m€0.004m€0.001m€0.002m▲ 382%
Suppliers440/4----€0.006m€0.004m€0.001m€0.002m▲ 382%
Taxes, remuneration and social security45---€0.01m€0.008m€0.005m€0.005m€0.005m▲ 0.5%
Taxes450/3---€0.01m€0.008m€0.005m€0.005m€0.005m▲ 0.5%
Other amounts payable47/48---€0.4m€0.4m€0.4m€0.4m€0.4m▼ 1.9%
Accrued charges and deferred income492/3---€0.01m€0.01m€0.01m€0.02m€0.01m▼ 33.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€31,334-€2,421€5,128-€3,599€22,383€22,946€20,048€13,073▼ 34.8%
+ Depreciation and write-downs630€39,491€39,491€40,565€43,651€39,882€41,023€43,747€52,123▲ 19.1%
Operating cash flow (approximation)€70,825€37,070€45,693€40,052€62,265€63,969€63,796€65,195▲ 2.2%
Investment in fixed assets (approximation)-€0-€98,719€0€0-€68,972-€155,657-€82,046▲ 47.3%
Change in cash-€18,591-€41,295€11,484€61,187-€53,346€59,942-€37,011-

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

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Latest 10 of 38 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 07-07-2026 2026-00270634 NBB
31-12-2024 abbreviated format 14-03-2025 2025-00048316 PDF
31-12-2023 abbreviated format 20-06-2024 2024-00144163 PDF
31-12-2022 abbreviated format 19-06-2023 2023-00134331 PDF
31-12-2021 abbreviated format 27-06-2022 2022-20093660 PDF
31-12-2020 abbreviated format 21-06-2021 2021-21500222 PDF
31-12-2019 abbreviated format 29-06-2020 2020-21300225 PDF
31-12-2018 abbreviated format 24-06-2019 2019-21000004 PDF
31-12-2017 micro format 22-06-2018 2018-21000059 PDF
31-12-2016 micro format 22-06-2017 2017-19400377 PDF

Show all 38 filings

Board & ownership

Directors

Directors
2 directors, last change in 2024

Board 2

Ivan SLABINCK
Director (not named in the articles) · since 02-04-2024 · listed in the 2025 annual accounts, filed on 07-07-2026
Current
Marie Rose VANDENBUSSCHE
Director (not named in the articles) · since 02-04-2024 · listed in the 2025 annual accounts, filed on 07-07-2026
Current

Statutory auditor 1

VGD Bedrijfsrevisoren
Auditor · appointed in the act of 29-04-2024
Current
Office holders in the KBO →
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 29-04-2024

Owners and capital

Capital transactions

Capital over time
  1. 29-04-2024 Converted to available equity
  2. 29-04-2024 Capital increase of €145,000 · 10 new shares · in kind

Mandate history

3 people, 3 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Ivan SLABINCK
  • Niet statutaire bestuurder, voorheen niet statutaire zaakvoerder, until 29-04-2024
  • Director (not named in the articles), appointed in the act of 29-04-2024, still in office
Marie Rose VANDENBUSSCHE
  • Niet statutaire bestuurder, voorheen niet statutaire zaakvoerder, until 29-04-2024
  • Director (not named in the articles), appointed in the act of 29-04-2024, still in office
VGD Bedrijfsrevisoren
  • Auditor, appointed in the act of 29-04-2024, still in office
See the board, name and registered office on a given date →

Articles of association

Board and representation

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, 12”

Audit, dissolution and liquidation

Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Algemene vergadering, vormen vereist voor statutenwijziging”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten”

Articles of association, deed of 29-04-2024 (in Dutch)

Network & group

SIMITEX shares no director with another company.

Connections & network

2 current directors
Depth

The network starts from the directors of SIMITEX. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
07-07
NBB filing Annual accounts filedNBB
financial year 2025 · abbreviated format
2025
14-03
NBB filing Annual accounts filedPDF
financial year 2024 · abbreviated format
2024
20-06
NBB filing Annual accounts filedPDF
financial year 2023 · abbreviated format
29-04
Gazette deed Resignations: Ivan SLABINCK (niet statutaire bestuurder, voorheen niet statutaire zaakvoerder) and Marie Rose VANDENBUSSCHE (niet statutaire bestuurder, voorheen niet statutaire zaakvoerder)
Appointments: Ivan SLABINCK, Marie Rose VANDENBUSSCHE and VGD Bedrijfsrevisoren · Amendment of the articles · Capital conversion25 points ▸
  • General meeting, 02-04-2024
  • Other provision, 01-01-2020
  • Other provision, “BE0432.827.064, Grasdreef 6, 8200 Brugge (Sint-Michiels)” (deed in Dutch)
  • Amendment of the articles, mentioned 2 times in the deed
  • Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
  • Director resignation, Ivan SLABINCK (niet statutaire bestuurder, voorheen niet statutaire zaakvoerder)
  • Director resignation, Marie Rose VANDENBUSSCHE (niet statutaire bestuurder, voorheen niet statutaire zaakvoerder)
  • Director appointment, Ivan SLABINCK (director (not named in the articles))
  • Director appointment, Marie Rose VANDENBUSSCHE (director (not named in the articles))
  • Other provision, “kennisname verslag bestuursorgaan met verantwoording uitbreiding voorwerp”, 4 (deed in Dutch)
  • Other provision, “ontslag voorlezing verslag bestuurders over inbreng in natura en vergoeding, vergadering verklaarde vooraf afschrift ontvangen en kennis genomen” (deed in Dutch)
  • Other provision, “beslist niet af te wijken van verslag bedrijfsrevisor, artikel 5:133 §1 lid3 WVV” (deed in Dutch)
  • The act holds 13 more points.

Open the act in the Belgian Official Gazette

2023
31-12
Financial Equity above €500,000equity €511,245 ▲4.7%
After 2 profitable years in a row, equity reaches €511,245.
19-06
NBB filing Annual accounts filedPDF
financial year 2022 · abbreviated format
2022
31-12
Financial Back to profitnet €22,383
The net result is €22,383, after one loss-making year.
27-06
NBB filing Annual accounts filedPDF
financial year 2021 · abbreviated format
2021
31-12
Financial Weakest financial yearnet -€3,599
The net result drops to -€3,599, the lowest from 2018 to 2025. It recovers the following year.
21-06
NBB filing Annual accounts filedPDF
financial year 2020 · abbreviated format
2020
31-12
Financial Back to profitnet €5,128
The net result is €5,128, after one loss-making year.
29-06
NBB filing Annual accounts filedPDF
financial year 2019 · abbreviated format
Show earlier events
2019
24-06
NBB filing Annual accounts filedPDF
financial year 2018 · abbreviated format
2018
22-06
NBB filing Annual accounts filedPDF
financial year 2017 · micro format
2017
22-06
NBB filing Annual accounts filedPDF
financial year 2016 · micro format

Show all 38 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 15 December 1987, SIMITEX was incorporated.1 In 2024 the capital was increased by €145,000.2 Total assets went from €972,668 in 2018 to €1.1m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-04-2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name SIMITEX in Dutch
Enterprise number 0432.827.064
Legal form Private limited company
Status Active, normale toestand
Founded 15-12-1987
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-04-2024 (in Dutch)
Name clauseThe company operates under this name according to its articles.
SIMITEX
deed of 29-04-2024 (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.
“Vlaamse Gewest, voor zover die verplaatsing overeenkomstig de toepasselijke taalwetgeving niet verplicht tot een wijziging van de taal van…”
deed of 29-04-2024 (in Dutch)

Registered office and establishments

Registered office Grasdreef 6, 8200 Brugge, Belgium
Establishments 1 establishment unit since 1988

Activities

NACEBEL 2025
35110 Production of electricity from non-renewable sources main activity

Invoicing and payment

VAT number BE 0432.827.064
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0432827064
Other Peppol ID 9925:BE0432827064
Registered 05-01-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of June at 11:00
deed of 29-04-2024 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map
5 companies at this address See who is registered here
1 establishment unit
SIMITEX NV
Grasdreef 6, 8200 BruggeWholesale trade
since 1988unit number 2.033.135.539

Buildings and parcels at the address

Ground area
5,554 m²
Building footprint
2,097 m²
Building volume
9,561 m³
Parcel 31030A0331/00M000, Flanders · tallest building 7.0 m.
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31030A0331/00M000 Flanders 5,554 m² 1 · 2,097 m² 7.0 m · 2

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