SIMKE
ActiveSummary
The computed 12-month bankruptcy probability of SIMKE is 3.2% (moderate). The 2018 annual accounts show negative equity (-€3,590) and a net result of €4,356. Equity is shrinking by ~49.9% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2018, abbreviated schema
2014 to 2018, 5 fiscal years
The operating result returns to profit in 2018: €5,123 after a loss of €8,490 in 2017.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €43,952 | €64,456 | €66,026 | €49,628 | €15,679 | ▼ 68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €468 | €312 | €312 | €312 | €156 | ▼ 50.0% |
| Gross operating margin9900 | €6,801 | €3,399 | €5,652 | -€4,915 | €5,580 | ▲ 214% |
| Operating profit (loss)9901 | €5,766 | -€208 | €951 | -€8,490 | €5,123 | ▲ 160% |
| Recurring financial charges65 | €31 | €219 | €263 | €390 | €767 | ▲ 96.7% |
| Profit (loss) for the period before taxes9903 | €5,735 | -€427 | €688 | -€8,880 | €4,356 | ▲ 149% |
| Income taxes67/77 | - | - | €3,678 | €2,384 | - | - |
| Profit (loss) for the period9904 | €5,735 | -€427 | -€2,990 | -€11,264 | €4,356 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €5,735 | -€427 | -€2,990 | -€11,264 | €4,356 | ▲ 139% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,285 | €16,616 | €14,439 | €10,700 | €3,069 | ▼ 71.3% |
| Fixed assets21/28 | €1,093 | €781 | €468 | €156 | - | - |
| Tangible fixed assets22/27 | €1,093 | €781 | €468 | €156 | - | - |
| Current assets29/58 | €15,192 | €15,835 | €13,971 | €10,544 | €3,069 | ▼ 70.9% |
| Stocks and contracts in progress3 | €400 | €160 | €130 | €130 | - | - |
| Amounts receivable within one year40/41 | €3,869 | €12,454 | €9,013 | €10,267 | €2,997 | ▼ 70.8% |
| Cash at bank and in hand54/58 | €10,923 | €3,221 | €4,828 | €147 | €72 | ▼ 51.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,285 | €16,616 | €14,439 | €10,700 | €3,069 | ▼ 71.3% |
| Equity10/15 | €6,735 | €6,308 | €3,318 | -€7,946 | -€3,590 | ▲ 54.8% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €50 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €5,685 | €5,208 | €2,218 | -€9,046 | -€4,690 | ▲ 48.2% |
| Amounts payable17/49 | €9,550 | €10,308 | €11,121 | €18,646 | €6,659 | ▼ 64.3% |
| Amounts payable within one year42/48 | €9,075 | €9,833 | €11,121 | €18,646 | €6,659 | ▼ 64.3% |
| Trade debts44 | €4,920 | €5,745 | €9,966 | €8,884 | €879 | ▼ 90.1% |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,735 | -€427 | -€2,990 | -€11,264 | €4,356 | ▲ 139% |
| + Depreciation and write-downs630 | €468 | €312 | €312 | €312 | €156 | ▼ 50.0% |
| Operating cash flow (approximation) | €6,203 | -€115 | -€2,678 | -€10,952 | €4,512 | ▲ 141% |
| Investment in fixed assets (approximation) | - | €0 | €1 | €0 | - | - |
| Change in cash | - | -€7,702 | €1,607 | -€4,681 | -€75 | ▲ 98.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.