Summary
Simon Security is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2,560 and a net result of €66,965. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8061 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8061 sector peers (2025).
NBB · sector comparisonPosition among 8061 sector peers
Solvency
better than 10%
← weakest
strongest →
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 26-05-2026, 66 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
66 d early
2024
4 d late
2023
15 d early
2022
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,560▼ 97.3%
2024 · €94,560
Net result
€66,965▲ 36.1%
2024 · €49,218
Total assets
€177,410▲ 17.3%
2024 · €151,205
Solvency
1.4%▼ 61.1pp
2024 · 62.5%
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
Line2022202320242025
Operating result-€9,823-€68,273€64,843▼ 5.0%€83,407▲ 28.6%
Net result-€9,956-€53,631€49,218▼ 8.2%€66,965▲ 36.1%
Equity-€7,456-€45,342€94,560▲ 109%€2,560▼ 97.3%
Total assets€86,315-€120,631▲ 39.8%€151,205▲ 25.3%€177,410▲ 17.3%
Debt€93,771-€75,289▼ 19.7%€56,645▼ 24.8%€174,850▲ 209%
Working capital-€31,259-€21,356€70,380▲ 230%-€34,008
Solvency-8.6%-37.6%▲ 46.2pp62.5%▲ 25.0pp1.4%▼ 61.1pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,410
Fixed assets
€37,182 ▼ 10.7%
Current assets
€140,228 ▲ 28.0%
Equity and liabilities €177,410
Equity
€2,560 ▼ 97.3%
Debt
€174,850 ▲ 209%
Debt's share of the balance-sheet total rises from 37.5% to 98.6%. Equity is lower and debt is higher.
Key figures and ratios
ROA
37.7%▲
2024 · 32.6%
Debt ≤ 1 year
€174,237▲
2024 · €39,183
Income taxes
€17,305▲
2024 · €13,161
A ratio outside any meaningful range has been withheld (balance sheet total €177,410, equity €2,560).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,047 | €16,281 | €16,406 | €16,634 | ▲ 1.4% |
| Other operating charges640/8 | €50 | €414 | €1,959 | €544 | ▼ 72.2% |
| Gross operating margin9900 | -€2,725 | €84,967 | €83,208 | €100,584 | ▲ 20.9% |
| Operating profit (loss)9901 | -€9,823 | €68,273 | €64,843 | €83,407 | ▲ 28.6% |
| Financial income75/76B | - | - | - | €2,241 | - |
| Recurring financial income75 | - | - | - | €2,241 | - |
| Financial charges65/66B | €123 | €2,642 | €2,464 | €1,377 | ▼ 44.1% |
| Recurring financial charges65 | €123 | €2,642 | €2,464 | €1,377 | ▼ 44.1% |
| Profit (loss) for the period before taxes9903 | -€9,946 | €65,631 | €62,379 | €84,271 | ▲ 35.1% |
| Income taxes67/77 | €10 | €11,999 | €13,161 | €17,305 | ▲ 31.5% |
| Profit (loss) for the period9904 | -€9,956 | €53,631 | €49,218 | €66,965 | ▲ 36.1% |
| Profit (loss) for the period to be appropriated9905 | -€9,956 | €53,631 | €49,218 | €66,965 | ▲ 36.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €86,315 | €120,631 | €151,205 | €177,410 | ▲ 17.3% |
| Fixed assets21/28 | €73,897 | €58,047 | €41,641 | €37,182 | ▼ 10.7% |
| Tangible fixed assets22/27 | €73,897 | €58,047 | €41,641 | €37,182 | ▼ 10.7% |
| Furniture and vehicles24 | €73,897 | €58,047 | €41,641 | €26,360 | ▼ 36.7% |
| Other tangible fixed assets26 | - | - | - | €10,822 | - |
| Current assets29/58 | €12,418 | €62,584 | €109,564 | €140,228 | ▲ 28.0% |
| Amounts receivable within one year40/41 | €7,625 | €35 | €79 | €79 | = |
| Other amounts receivable41 | €7,625 | €35 | €79 | €79 | = |
| Current investments50/53 | - | - | €8,782 | €111,781 | ▲ 1,173% |
| Cash at bank and in hand54/58 | €4,077 | €50,884 | €88,943 | €15,107 | ▼ 83.0% |
| Deferred charges and accrued income490/1 | €717 | €11,665 | €11,760 | €13,261 | ▲ 12.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €86,315 | €120,631 | €151,205 | €177,410 | ▲ 17.3% |
| Equity10/15 | -€7,456 | €45,342 | €94,560 | €2,560 | ▼ 97.3% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | €42,842 | €92,060 | €60 | ▼ 99.9% |
| Distributable reserves133 | - | €42,842 | €92,060 | €60 | ▼ 99.9% |
| Profit (loss) carried forward14 | -€9,956 | - | - | - | - |
| Amounts payable17/49 | €93,771 | €75,289 | €56,645 | €174,850 | ▲ 209% |
| Amounts payable after more than one year17 | €50,014 | €34,061 | €17,400 | - | - |
| Financial debts170/4 | €50,014 | €34,061 | €17,400 | - | - |
| Amounts payable within one year42/48 | €43,677 | €41,228 | €39,183 | €174,237 | ▲ 345% |
| Current portion of amounts payable after more than one year42 | €15,275 | €15,953 | €16,661 | €17,400 | ▲ 4.4% |
| Trade debts44 | €3,385 | €650 | €1,993 | €1,274 | ▼ 36.1% |
| Suppliers440/4 | €3,385 | €650 | €1,993 | €1,274 | ▼ 36.1% |
| Taxes, remuneration and social security45 | €10 | €17,982 | €19,496 | €26,071 | ▲ 33.7% |
| Taxes450/3 | €10 | €17,825 | €19,369 | €24,576 | ▲ 26.9% |
| Remuneration and social security454/9 | - | €156 | €127 | €1,496 | ▲ 1,076% |
| Other amounts payable47/48 | €25,007 | €6,644 | €1,033 | €129,491 | ▲ 12,431% |
| Accrued charges and deferred income492/3 | €81 | - | €61 | €613 | ▲ 907% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,956 | €53,631 | €49,218 | €66,965 | ▲ 36.1% |
| + Depreciation and write-downs630 | €7,047 | €16,281 | €16,406 | €16,634 | ▲ 1.4% |
| Operating cash flow (approximation) | -€2,909 | €69,912 | €65,624 | €83,599 | ▲ 27.4% |
| Investment in fixed assets (approximation) | - | -€431 | €0 | -€12,175 | - |
| Change in cash | - | €46,807 | €38,059 | -€73,836 | ▼ 294% |
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
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €66,965 ▲36.1%
Operating result €83,407, net result €66,965, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €53,631
Net result €53,631 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.52
Current ratio from 0.28 to 1.52; short-term debt falls from €43,677 to €41,228.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2022
Ground area
564 m²
Building footprint
61 m²
Volume, LiDAR
479 m³
Parcel 44051B1434/00D003, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Goedlevenstraat 125, 9041 Gent
since 20222.338.011.388
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B1434/00D003 | Flanders | 564 m² | 1 · 61 m² | 10.6 m · 3 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 24,729 companies in sector 64210 we hold annual accounts for 19,771. 2,059 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
Founded21-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
43221Plumbing work
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.