SIMON BUILDING

Inactive

KBO/BCE: BE 0694.981.838

SIMON BUILDING was declared bankrupt on 28-12-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed for insufficient assets by judgment of 05-06-2025, published in the Belgian State Gazette on 12-06-2025.

No longer registered with the KBO; last annual accounts for fiscal year 2022.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Prior bankruptcy

Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Belgian State Gazette

Two or more financial years not filed

Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 4 filings

Position against the passed deadline

31-12-2023 close31-07-2024 deadline21-09-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 21-03-2023, 132 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

132 d early

2021

51 d late

2020

137 d late

2019

14 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2021, abbreviated schema

Turnover

€519k

EBIT margin

32.8%

Net result

€143k▲ 457%

2020 · €26k

2019: €9k 2020: €26k

2019 → 2021

Working capital

€102k▲ 190%

2020 · €35k

2019: €7k 2020: €35k

2019 → 2021

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line201920202021Trend

Turnover€519k

Equity€15k-€40k▲ 174%€183k▲ 353%

Operating result€9k-€31k▲ 255%€170k▲ 451%

Net result€9k-€26k▲ 199%€143k▲ 457%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen two years in a row; 2021 is 451% above 2020 and is the highest result in the available series.

Balance-sheet composition

2021 in colour, 2020 as the grey bar beneath

Assets €227k

35.5%

64.5%

Fixed assets €81k▲ 1,501%

Current assets €146k▲ 160%

Equity and liabilities €227k

80.7%

19.3%

Equity €183k▲ 353%

Debt €44k▲ 109%

The debt ratio falls from 34.2% to 19.3%. Equity and debt are higher.

Key figures and ratios

2021 value · change against 2020

EBITDA

€178k▲

2020 · €34k

Cash flow

€150k▲

2020 · €29k

Solvency

80.7%▲

2020 · 65.8%

Current ratio

3.34▲

2020 · 2.69

Quick ratio

2.86▲

2020 · 2.69

Debt / equity

0.24

ROE

77.9%▲

2020 · 63.5%

ROA

62.9%▲

2020 · 41.8%

Interest coverage

311.09

Debt

€44k▲

2020 · €21k

Debt ≤ 1 year

€44k▲

2020 · €21k

Income taxes

€28k▲

2020 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2021 against 2020

Balance sheet Code20202021

Assets

Total assets20/58€61k€227k▲

Fixed assets21/28€5k€81k▲

Tangible fixed assets22/27€5k€81k▲

Plant, machinery and equipment23-€52k

Furniture and vehicles24-€4k

Other tangible fixed assets26-€25k

Current assets29/58€56k€146k▲

Stocks and contracts in progress3-€21k

Stocks30/36-€21k

Amounts receivable within one year40/41€40k€40k▲

Trade receivables40-€38k

Other amounts receivable41-€2k

Cash at bank and in hand54/58€17k€85k▲

Equity and liabilities

Total equity and liabilities10/49€61k€227k▲

Equity10/15€40k€183k▲

Contributions10/11€6k€6k=

Capital10-€6k

Issued capital100-€19k

Uncalled capital101-€12k

Reserves13€2k€2k=

Non-distributable reserves130/1-€2k

Legal reserve130-€2k

Profit (loss) carried forward14€32k€175k▲

Amounts payable17/49€21k€44k▲

Amounts payable within one year42/48€21k€44k▲

Trade debts44€3k€8k▲

Suppliers440/4-€8k

Taxes, remuneration and social security45-€36k

Taxes450/3-€36k

Income statement Code20202021

Turnover70-€519k

Goods, raw materials, services and sundry goods60/61-€337k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲

Other operating charges640/8-€4k

Gross operating margin9900€35k€182k▲

Operating profit (loss)9901€31k€170k▲

Financial income75/76B-€1k

Recurring financial income75-€1k

Financial charges65/66B-€572

Recurring financial charges65€88€572▲

Profit (loss) for the period before taxes9903€31k€171k▲

Income taxes67/77€5k€28k▲

Profit (loss) for the period9904€26k€143k▲

Profit (loss) for the period to be appropriated9905€26k€143k▲

Appropriation of the result

Profit (loss) to be appropriated9906-€175k

Profit (loss) brought forward from the previous period14P-€32k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Signals 2Financial 3Filings 4

2025

12-06

Bankruptcy Bankruptcy closure (insufficient assets)

Ondernemingsrechtbank Leuven · SIMON BUIL- DING BV SPECHTENLAAN 7, 3080 TERVUREN · event 05-06-2025

2024

05-01

Bankruptcy Opening

Ondernemingsrechtbank Leuven · SIMON BUILDING BV SPECH- TENLAAN 7, 3080 TERVUREN · event 28-12-2023

2023

21-03

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

20-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 51 days late

2021

31-12

Financial Highest result since 2019net €143k ▲457%

Operating result €170k, net result €143k, both a record.

31-12

Financial Equity above €150kEq €183k ▲353%

3 profitable years in a row build equity to €183k.

15-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 137 days late

2020

31-12

Financial Liquidity doublescurrent ratio 2.69

Current ratio from 1.12 to 2.69; short-term debt falls from €61k to €21k.

14-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 14 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	WIM BOLLEN STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	28-12-2023 → present
Curator	THOMAS VANDENDRIES STEENWEG OP ST-JORIS-WINGE 21, 3200 AARSCHOT	28-12-2023 → present