SIMON & PARTNERS
ActiveSummary
SIMON & PARTNERS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90,137 and a net result of €26,972. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 11% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+4
Solvency37▲+6
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 1.02 in 2023; short-term debt: 38.8% and cash: 5.3% of total assets), and 88% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
12%
Return on assets
3.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 15367 sector peers (2024).
NBB · sector comparisonPosition among 15367 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
27 d late
2022
92 d late
2021
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26,972▲ 1,133%
2023 · €2,187
Working capital
-€58,435
2023 · €7,173
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€14,809--€12,305€18,079€45,380▲ 151%
Net result€194--€29,216€2,187€26,972▲ 1,133%
Equity€63,194-€60,978▼ 3.5%€63,165▲ 3.6%€90,137▲ 42.7%
Total assets€1.1m-€1.0m▼ 11.0%€1.0m=€748,636▼ 25.8%
Debt€1.1m-€947,944▼ 11.5%€945,714▼ 0.2%€658,500▼ 30.4%
Working capital-€1,930-€2,473€7,173▲ 190%-€58,435
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 151% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €748,636
Fixed assets
€516,625 ▼ 15.8%
Current assets
€232,012 ▼ 41.3%
Equity and liabilities €748,636
Equity
€90,137 ▲ 42.7%
Debt
€658,500 ▼ 30.4%
Debt's share of the balance-sheet total falls from 93.7% to 88.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142,380▲
2023 · €115,079
Cash flow
€123,972▲
2023 · €99,187
Current ratio
0.80▼
2023 · 1.02
Debt to equity
7.31▼
2023 · 14.97
ROE
29.9%▲
2023 · 3.5%
ROA
3.6%▲
2023 · 0.2%
Interest coverage
8.60▲
2023 · 7.08
Debt ≤ 1 year
€290,447▼
2023 · €388,081
Debt > 1 year
€345,708▼
2023 · €542,366
Income taxes
€2,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162,375 | €97,000 | €97,000 | €97,000 | = |
| Other operating charges640/8 | €695 | €348 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | €177,879 | €85,043 | €116,039 | €143,347 | ▲ 23.5% |
| Operating profit (loss)9901 | €14,809 | -€12,305 | €18,079 | €45,380 | ▲ 151% |
| Financial income75/76B | €359 | €242 | €367 | €640 | ▲ 74.4% |
| Recurring financial income75 | €359 | €242 | €367 | €640 | ▲ 74.4% |
| Financial charges65/66B | €14,435 | €17,153 | €16,259 | €16,548 | ▲ 1.8% |
| Recurring financial charges65 | €14,435 | €17,153 | €16,259 | €16,548 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | €733 | -€29,216 | €2,187 | €29,472 | ▲ 1,248% |
| Income taxes67/77 | €538 | - | - | €2,500 | - |
| Profit (loss) for the period9904 | €194 | -€29,216 | €2,187 | €26,972 | ▲ 1,133% |
| Profit (loss) for the period to be appropriated9905 | €194 | -€29,216 | €2,187 | €26,972 | ▲ 1,133% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.1m | €1.0m | €1.0m | €748,636 | ▼ 25.8% |
| Fixed assets21/28 | €807,625 | €710,625 | €613,625 | €516,625 | ▼ 15.8% |
| Intangible fixed assets21 | €807,625 | €710,625 | €613,625 | €516,625 | ▼ 15.8% |
| Current assets29/58 | €326,316 | €298,298 | €395,255 | €232,012 | ▼ 41.3% |
| Amounts receivable within one year40/41 | €299,267 | €257,462 | €346,045 | €189,797 | ▼ 45.2% |
| Trade receivables40 | €299,267 | €257,462 | €343,140 | €175,872 | ▼ 48.7% |
| Other amounts receivable41 | - | - | €2,906 | €13,925 | ▲ 379% |
| Cash at bank and in hand54/58 | €24,593 | €38,239 | €46,444 | €39,542 | ▼ 14.9% |
| Deferred charges and accrued income490/1 | €2,456 | €2,597 | €2,765 | €2,673 | ▼ 3.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.0m | €748,636 | ▼ 25.8% |
| Equity10/15 | €63,194 | €60,978 | €63,165 | €90,137 | ▲ 42.7% |
| Contributions10/11 | €63,000 | €90,000 | €90,000 | €90,000 | = |
| Profit (loss) carried forward14 | €194 | -€29,022 | -€26,835 | €137 | ▲ 101% |
| Amounts payable17/49 | €1.1m | €947,944 | €945,714 | €658,500 | ▼ 30.4% |
| Amounts payable after more than one year17 | €742,500 | €642,960 | €542,366 | €345,708 | ▼ 36.3% |
| Financial debts170/4 | €447,500 | €347,960 | €247,366 | €145,708 | ▼ 41.1% |
| Other amounts payable178/9 | €295,000 | €295,000 | €295,000 | €200,000 | ▼ 32.2% |
| Amounts payable within one year42/48 | €328,246 | €295,824 | €388,081 | €290,447 | ▼ 25.2% |
| Current portion of amounts payable after more than one year42 | €98,498 | €99,540 | €100,594 | €101,658 | ▲ 1.1% |
| Financial debts43 | €100,000 | €35,000 | €100,000 | €100,000 | = |
| Credit institutions430/8 | €100,000 | €35,000 | €100,000 | €100,000 | = |
| Trade debts44 | €49,358 | €73,855 | €114,458 | €16,203 | ▼ 85.8% |
| Suppliers440/4 | €29,858 | €42,801 | €83,512 | €16,203 | ▼ 80.6% |
| Bills of exchange payable441 | €19,500 | €31,053 | €30,946 | - | - |
| Taxes, remuneration and social security45 | €15,209 | €24,329 | €29,522 | €50,061 | ▲ 69.6% |
| Taxes450/3 | €15,209 | €24,329 | €29,522 | €50,061 | ▲ 69.6% |
| Other amounts payable47/48 | €65,180 | €63,100 | €43,508 | €22,524 | ▼ 48.2% |
| Accrued charges and deferred income492/3 | - | €9,160 | €15,266 | €22,345 | ▲ 46.4% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €194 | -€29,216 | €2,187 | €26,972 | ▲ 1,133% |
| + Depreciation and write-downs630 | €162,375 | €97,000 | €97,000 | €97,000 | = |
| Operating cash flow (approximation) | €162,570 | €67,784 | €99,187 | €123,972 | ▲ 25.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €13,646 | €8,206 | -€6,902 | ▼ 184% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2021net €26,972 ▲1,133%
Operating result €45,380, net result €26,972, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €2,187
Net result €2,187 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-12
Financial
Weakest financial yearnet -€29,216
Net result drops to -€29,216, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Watermaal-Bosvoorde
Ground area
5,127 m²
Building footprint
1,510 m²
Volume, LiDAR
23,163 m³
Parcel 21652E0039/00H003, Brussels · tallest building 36.3 m, ±1 floor. Linked by address, not a title deed.
288
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,069 companies in sector 69101 we hold annual accounts for 9,055. 7,542 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
Founded05-05-2020
Fiscal year end31-12
Abbreviation FR
S&P
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.