SIMON FREDERIC
ActiveSummary
SIMON FREDERIC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-28k) and a net result of €-22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-29
Solvency0▼-18
Growth68=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.08 against 2.26 in 2023; short-term debt: 38.7% and cash: 8.5% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-52.8%
Return on assets
-40.7%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-28k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
12 d late
2022
35 d early
2021
20 d early
2020
9 d late
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€158k▲ 66.2%
2018 · €95k
2018: €95k
2019: €158k▲ +66.2% vs 2018
2018 → 2019
EBIT margin
31.2%▲ 35.5pp
2018 · -4.3%
2018: -4.3%
2019: 31.2%▲ +835% vs 2018
2018 → 2019
Net result
€-22k▼ 39.9%
2023 · €-15k
2018: €-13k
2019: €30k▲ +334% vs 2018highest in 7 years
2020: €8k▼ -72.1% vs 2019
2021: €9k▲ +9.8% vs 2020
2022: €11k▲ +26.8% vs 2021
2023: €-15k▼ -234% vs 2022
2024: €-22k▼ -39.9% vs 2023lowest in 7 years
2018 → 2024
Working capital
€22k▼ 39.9%
2023 · €37k
2018: €-26klowest in 7 years
2019: €3▲ +100% vs 2018
2020: €9k▲ +285472% vs 2019
2021: €35k▲ +295% vs 2020
2022: €48k▲ +38.0% vs 2021highest in 7 years
2023: €37k▼ -23.1% vs 2022
2024: €22k▼ -39.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-11k-€-2k▲ 78.7%€9k€-6k€-28k▼ 337%
2020: €-11k
2021: €-2k▲ +78.7% vs 2020
2022: €9k▲ +468% vs 2021highest in 5 years
2023: €-6k▼ -171% vs 2022
2024: €-28k▼ -337% vs 2023lowest in 5 years
Operating result€14k-€15k▲ 13.7%€18k▲ 15.8%€-15k€-23k▼ 45.7%
2020: €14k
2021: €15k▲ +13.7% vs 2020
2022: €18k▲ +15.8% vs 2021highest in 5 years
2023: €-15k▼ -187% vs 2022
2024: €-23k▼ -45.7% vs 2023lowest in 5 years
Net result€8k-€9k▲ 9.8%€11k▲ 26.8%€-15k€-22k▼ 39.9%
2020: €8k
2021: €9k▲ +9.8% vs 2020
2022: €11k▲ +26.8% vs 2021highest in 5 years
2023: €-15k▼ -234% vs 2022
2024: €-22k▼ -39.9% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €15k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets
€10k ▼ 64.4%
Current assets
€42k ▼ 35.4%
Key figures and ratios
EBITDA
€1k▼
2023 · €7k
Cash flow
€2k▼
2023 · €7k
Solvency
-52.8%▼
2023 · -6.7%
Current ratio
2.08▼
2023 · 2.26
Debt to equity
-1.35▲
2023 · -9.11
ROA
-40.7%▼
2023 · -16.2%
Interest coverage
1.39▼
2023 · 4.92
Debt
€38k▼
2023 · €58k
Debt ≤ 1 year
€20k▼
2023 · €29k
Debt > 1 year
€12k▼
2023 · €24k
Income taxes
€2k▲
2023 · €397
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€95k€53k▼
Fixed assets21/28€29k€10k▼
Tangible fixed assets22/27€29k€10k▼
Plant, machinery and equipment23€876€490▼
Furniture and vehicles24€27k€10k▼
Other tangible fixed assets26€1k-
Current assets29/58€66k€42k▼
Amounts receivable within one year40/41€49k€35k▼
Trade receivables40€18k€12k▼
Other amounts receivable41€31k€23k▼
Cash at bank and in hand54/58€14k€5k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€95k€53k▼
Equity10/15€-6k€-28k▼
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€936€936=
Profit (loss) carried forward14€-15k€-37k▼
Provisions and deferred taxes16€43k€43k=
Provisions for liabilities and charges160/5€43k€43k=
Pensions and similar obligations160€43k€43k=
Amounts payable17/49€58k€38k▼
Amounts payable after more than one year17€24k€12k▼
Financial debts170/4€24k€12k▼
Amounts payable within one year42/48€29k€20k▼
Current portion of amounts payable after more than one year42€16k€12k▼
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€10k€9k▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲
Other operating charges640/8€350€22k▲
Non-recurring operating charges66A-€19
Gross operating margin9900€7k€23k▲
Operating profit (loss)9901€-15k€-23k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€2k▲
Non-recurring financial income76B-€2k
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€893▼
Non-recurring financial charges66B-€263
Profit (loss) for the period before taxes9903€-15k€-19k▼
Income taxes67/77€397€2k▲
Profit (loss) for the period9904€-15k€-22k▼
Profit (loss) for the period to be appropriated9905€-15k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-37k▼
Profit (loss) brought forward from the previous period14P-€-15k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €8k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €18k | €18k | €22k | €24k | ▲ 7.7% |
| Other operating charges640/8 | - | €126 | - | €350 | €22k | ▲ 6,115% |
| Non-recurring operating charges66A | - | - | - | - | €19 | - |
| Gross operating margin9900 | €32k | €34k | €36k | €7k | €23k | ▲ 231% |
| Operating profit (loss)9901 | €14k | €15k | €18k | €-15k | €-23k | ▼ 45.7% |
| Financial income75/76B | - | €107 | €1k | €2k | €4k | ▲ 135% |
| Recurring financial income75 | €2 | €107 | €1k | €2k | €2k | ▲ 29.3% |
| Non-recurring financial income76B | - | - | - | - | €2k | - |
| Financial charges65/66B | - | €1k | €2k | €1k | €1k | ▼ 13.9% |
| Recurring financial charges65 | €953 | €1k | €2k | €1k | €893 | ▼ 33.4% |
| Non-recurring financial charges66B | - | - | - | - | €263 | - |
| Profit (loss) for the period before taxes9903 | €13k | €14k | €17k | €-15k | €-19k | ▼ 29.6% |
| Income taxes67/77 | €4k | €5k | €6k | €397 | €2k | ▲ 427% |
| Profit (loss) for the period9904 | €8k | €9k | €11k | €-15k | €-22k | ▼ 39.9% |
| Profit (loss) for the period to be appropriated9905 | €8k | €9k | €11k | €-15k | €-22k | ▼ 39.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €89k | €126k | €95k | €53k | ▼ 44.3% |
| Fixed assets21/28 | €55k | €28k | €50k | €29k | €10k | ▼ 64.4% |
| Tangible fixed assets22/27 | €55k | €28k | €50k | €29k | €10k | ▼ 64.4% |
| Plant, machinery and equipment23 | - | €352 | €111 | €876 | €490 | ▼ 44.0% |
| Furniture and vehicles24 | - | €24k | €48k | €27k | €10k | ▼ 63.6% |
| Other tangible fixed assets26 | - | €3k | €2k | €1k | - | - |
| Current assets29/58 | €30k | €61k | €76k | €66k | €42k | ▼ 35.4% |
| Amounts receivable within one year40/41 | €12k | €33k | €53k | €49k | €35k | ▼ 28.0% |
| Trade receivables40 | - | €20k | €24k | €18k | €12k | ▼ 33.3% |
| Other amounts receivable41 | - | €13k | €29k | €31k | €23k | ▼ 24.8% |
| Cash at bank and in hand54/58 | €17k | €24k | €21k | €14k | €5k | ▼ 68.7% |
| Deferred charges and accrued income490/1 | - | €4k | €2k | €2k | €3k | ▲ 14.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €89k | €126k | €95k | €53k | ▼ 44.3% |
| Equity10/15 | €-11k | €-2k | €9k | €-6k | €-28k | ▼ 337% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €13k | €13k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €11k | €936 | €936 | €936 | = |
| Profit (loss) carried forward14 | €-30k | €-21k | - | €-15k | €-37k | ▼ 140% |
| Provisions and deferred taxes16 | €43k | €43k | €43k | €43k | €43k | = |
| Provisions for liabilities and charges160/5 | - | €43k | €43k | €43k | €43k | = |
| Pensions and similar obligations160 | - | €43k | €43k | €43k | €43k | = |
| Amounts payable17/49 | €53k | €48k | €74k | €58k | €38k | ▼ 35.3% |
| Amounts payable after more than one year17 | €27k | €17k | €40k | €24k | €12k | ▼ 49.5% |
| Financial debts170/4 | - | €17k | €40k | €24k | €12k | ▼ 49.5% |
| Amounts payable within one year42/48 | €21k | €26k | €29k | €29k | €20k | ▼ 29.8% |
| Current portion of amounts payable after more than one year42 | - | €7k | €15k | €16k | €12k | ▼ 24.7% |
| Trade debts44 | €873 | €4k | €884 | €4k | - | - |
| Suppliers440/4 | - | €4k | €884 | €4k | - | - |
| Advances received on contracts in progress46 | - | €847 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €14k | €12k | €10k | €9k | ▼ 10.8% |
| Taxes450/3 | - | €14k | €11k | €10k | €9k | ▼ 10.8% |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Accrued charges and deferred income492/3 | - | €5k | €6k | €5k | €5k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €9k | €11k | €-15k | €-22k | ▼ 39.9% |
| + Depreciation and write-downs630 | €18k | €18k | €18k | €22k | €24k | ▲ 7.7% |
| Operating cash flow (approximation) | €27k | €27k | €30k | €7k | €2k | ▼ 66.5% |
| Investment in fixed assets (approximation) | - | €8k | €-40k | €-1k | €-5k | ▼ 333% |
| Change in cash | - | €6k | €-2k | €-7k | €-10k | ▼ 39.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.00
Current ratio from 0.48 to 1.00; short-term debt falls from €50k to €28k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
13 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
Registered office, Frameries · 1 establishment unit since 1998
Ground area
2,030 m²
Building footprint
293 m²
Volume, LiDAR
1,592 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SIMON FREDERIC
since 19982.087.139.694
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53025D0876/00H000 | Wallonia | 1,341 m² | 1 · 179 m² | 8.0 m · 2 fl. |
| 56031B0557/00D000 | Wallonia | 689 m² | 1 · 113 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9676009MLK6JPDZ7UV94
Similar companies · same sector, comparable size
Generation Shop
BE 0833.397.373
Oudenaarde · Eq €8,929
INDEPENDENT RESEARCH BUREAU EUROPE
BE 0429.878.561
Etterbeek · Eq €9,143
RSO-RESEARCH
BE 0862.469.164
Ramillies · Eq €8,835
BALANCE IN BUSINESS
BE 0465.254.956
Antwerpen · Eq €9,195
#NotOnlyIdeas
BE 0645.984.762
Overijse · Eq €8,773
Of 2,712 companies in sector 73200 we hold annual accounts for 1,782. 562 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.