SIMON SMETS
ActiveSummary
The computed 12-month bankruptcy probability of SIMON SMETS is 4.2% (elevated). The 2025 annual accounts show equity of €7,423 and a net result of -€5,264. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 36 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,891 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €354 | €354 | €1,376 | €1,505 | ▲ 9.4% |
| Other operating charges640/8 | €411 | €537 | €536 | €481 | €2,034 | ▲ 323% |
| Gross operating margin9900 | -€140 | €19,983 | €4,628 | €10,764 | €186 | ▼ 98.3% |
| Operating profit (loss)9901 | -€551 | €19,092 | €3,739 | €8,908 | -€3,353 | ▼ 138% |
| Financial income75/76B | - | - | €1 | €1 | - | - |
| Recurring financial income75 | - | - | €1 | €1 | - | - |
| Financial charges65/66B | €80 | €39 | €123 | €2,099 | €1,735 | ▼ 17.3% |
| Recurring financial charges65 | €80 | €39 | €123 | €2,099 | €1,735 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | -€631 | €19,053 | €3,616 | €6,809 | -€5,088 | ▼ 175% |
| Income taxes67/77 | €162 | €3,193 | €1,429 | €2,067 | €176 | ▼ 91.5% |
| Profit (loss) for the period9904 | -€793 | €15,860 | €2,188 | €4,743 | -€5,264 | ▼ 211% |
| Profit (loss) for the period to be appropriated9905 | -€793 | €15,860 | €2,188 | €4,743 | -€5,264 | ▼ 211% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,337 | €17,167 | €18,329 | €19,187 | €18,608 | ▼ 3.0% |
| Fixed assets21/28 | - | €707 | €354 | €4,833 | €4,328 | ▼ 10.5% |
| Tangible fixed assets22/27 | - | €707 | €354 | €4,833 | €4,328 | ▼ 10.5% |
| Plant, machinery and equipment23 | - | - | - | - | €781 | - |
| Furniture and vehicles24 | - | €707 | €354 | €4,833 | €3,546 | ▼ 26.6% |
| Current assets29/58 | €10,337 | €16,459 | €17,975 | €14,353 | €14,280 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €5,320 | €5,101 | €7,337 | €7,680 | €10,079 | ▲ 31.2% |
| Trade receivables40 | €5,320 | €5,101 | €6,766 | €5,120 | €6,695 | ▲ 30.8% |
| Other amounts receivable41 | - | - | €571 | €2,560 | €3,384 | ▲ 32.2% |
| Cash at bank and in hand54/58 | €4,168 | €11,359 | €9,138 | €6,673 | €2,007 | ▼ 69.9% |
| Deferred charges and accrued income490/1 | €849 | - | €1,500 | €0 | €2,195 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,337 | €17,167 | €18,329 | €19,187 | €18,608 | ▼ 3.0% |
| Equity10/15 | -€10,103 | €5,757 | €7,945 | €12,688 | €7,423 | ▼ 41.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | - | - | €9,688 | €4,423 | ▼ 54.3% |
| Distributable reserves133 | - | - | - | €9,688 | €4,423 | ▼ 54.3% |
| Profit (loss) carried forward14 | -€13,103 | €2,757 | €4,945 | €0 | - | - |
| Amounts payable17/49 | €20,439 | €11,410 | €10,384 | €6,499 | €11,184 | ▲ 72.1% |
| Amounts payable within one year42/48 | €20,439 | €11,410 | €10,384 | €6,499 | €11,184 | ▲ 72.1% |
| Trade debts44 | €2,223 | €1,813 | €3,945 | €649 | €1,288 | ▲ 98.4% |
| Suppliers440/4 | €2,223 | €1,813 | €3,945 | €649 | €1,288 | ▲ 98.4% |
| Taxes, remuneration and social security45 | €2,788 | €1,693 | - | - | - | - |
| Taxes450/3 | €2,788 | €1,693 | - | - | - | - |
| Other amounts payable47/48 | €15,428 | €7,903 | €6,439 | €5,850 | €9,897 | ▲ 69.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€793 | €15,860 | €2,188 | €4,743 | -€5,264 | ▼ 211% |
| + Depreciation and write-downs630 | - | €354 | €354 | €1,376 | €1,505 | ▲ 9.4% |
| Operating cash flow (approximation) | -€793 | €16,214 | €2,541 | €6,118 | -€3,760 | ▼ 161% |
| Investment in fixed assets (approximation) | - | - | €0 | -€5,855 | -€999 | ▲ 82.9% |
| Change in cash | - | €7,191 | -€2,220 | -€2,465 | -€4,667 | ▼ 89.3% |
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
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.
Directors · office · real estate
2 establishment units
3 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73022A0460/00H000 | Flanders | 1,746 m² | 1 · 69 m² | 8.0 m · 2 fl. |
| 73083D0337/00S000 | Flanders | 668 m² | 1 · 178 m² | 10.9 m · 3 fl. |
| 71053G0452/00M002indicative | Flanders | 299 m² | 1 · 85 m² | 8.7 m · 1 fl. |
Linked by address, not proof of ownership
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,051 EUR awarded · 1,051 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,051 EUR | 1,051 EUR |
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.