Simondium
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 21 filings
Turnover
≈ €750,000
Estimated: probably between €420,000 and €1.2m
Total assets
€363,871▲ 11.7%
2024 · €325,849
Net result
€25,328▼ 20.5%
2024 · €31,850
Working capital
€87,715▲ 5.7%
2024 · €83,009
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€28,122
▼ 26.5%
2025
20182025
Net result
€25,328
▼ 20.5%
2025
middle half of the sector
20182025
Equity
€99,534
▲ 0.3%
2025
middle half of the sector
20182025
Total assets
€363,871
▲ 11.7%
2025
middle half of the sector
20182025
Debt
€264,337
▲ 16.6%
2025
20182025
Working capital
€87,715
▲ 5.7%
2025
middle half of the sector
20182025
Solvency
27.4%
▼ 3.1pp
2025
middle half of the sector
20182025
Current ratio
1.33
▼ 0.04
2025
middle half of the sector
20182025
Return on assets (ROA)
7.0%
▼ 2.8pp
2025
middle half of the sector
20182025
Staff (FTE)
3.1
▲ 3.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€39,036-€6,657▼ 82.9%-€71,068-€11,500▲ 83.8%€19,650€31,263▲ 59.1%€38,282▲ 22.5%€28,122▼ 26.5%
Net result€19,519-€2,905▼ 85.1%-€73,982below the sector's middle half-€14,964below the sector's middle half▲ 79.8%€16,291within the sector's middle half€25,868within the sector's middle half▲ 58.8%€31,850within the sector's middle half▲ 23.1%€25,328within the sector's middle half▼ 20.5%
Equity€209,238-€150,143▼ 28.2%€76,161below the sector's middle half▼ 49.3%€37,197below the sector's middle half▼ 51.2%€41,488below the sector's middle half▲ 11.5%€67,356below the sector's middle half▲ 62.4%€99,206below the sector's middle half▲ 47.3%€99,534within the sector's middle half▲ 0.3%
Total assets€310,400-€356,362▲ 14.8%€241,809below the sector's middle half▼ 32.1%€235,792below the sector's middle half▼ 2.5%€310,770below the sector's middle half▲ 31.8%€351,512below the sector's middle half▲ 13.1%€325,849below the sector's middle half▼ 7.3%€363,871within the sector's middle half▲ 11.7%
Debt€101,162-€206,219▲ 104%€165,648▼ 19.7%€198,595▲ 19.9%€269,282▲ 35.6%€284,156▲ 5.5%€226,643▼ 20.2%€264,337▲ 16.6%
Working capital€167,159-€122,677▼ 26.6%€66,195within the sector's middle half▼ 46.0%€23,097within the sector's middle half▼ 65.1%€25,272within the sector's middle half▲ 9.4%€50,828within the sector's middle half▲ 101%€83,009within the sector's middle half▲ 63.3%€87,715within the sector's middle half▲ 5.7%
Solvency67.4%-42.1%▼ 25.3pp31.5%within the sector's middle half▼ 10.6pp15.8%below the sector's middle half▼ 15.7pp13.3%below the sector's middle half▼ 2.4pp19.2%within the sector's middle half▲ 5.8pp30.4%within the sector's middle half▲ 11.3pp27.4%within the sector's middle half▼ 3.1pp
Current ratio2.70-1.59▼ 1.101.40within the sector's middle half▼ 0.201.12within the sector's middle half▼ 0.281.10within the sector's middle half▼ 0.021.19within the sector's middle half▲ 0.091.37within the sector's middle half▲ 0.191.33within the sector's middle half▼ 0.04
Return on assets (ROA)6.3%-0.8%▼ 5.5pp-30.6%below the sector's middle half▼ 31.4pp-6.3%below the sector's middle half▲ 24.2pp5.2%within the sector's middle half▲ 11.6pp7.4%within the sector's middle half▲ 2.1pp9.8%within the sector's middle half▲ 2.4pp7.0%within the sector's middle half▼ 2.8pp
Staff (FTE)5.9-6.1▲ 3.4%4.1within the sector's middle half▼ 32.8%3.1within the sector's middle half▼ 24.4%3within the sector's middle half▼ 3.2%2.9within the sector's middle half▼ 3.3%3within the sector's middle half▲ 3.4%3.1within the sector's middle half▲ 3.3%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 27% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363,871
Fixed assets
€12,244 ▼ 41.0%
Current assets
€351,627 ▲ 15.2%
Equity and liabilities €363,871
Equity
€99,534 ▲ 0.3%
Debt
€264,337 ▲ 16.6%
Debt's share of the balance-sheet total rises from 69.6% to 72.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,626▼
2024 · €46,081
Cash flow
€33,832▼
2024 · €39,649
Quick ratio
0.80▼
2024 · 0.92
Debt to equity
2.66▲
2024 · 2.28
ROE
25.4%▼
2024 · 32.1%
Interest coverage
12.48▲
2024 · 6.62
Debt ≤ 1 year
€263,911▲
2024 · €222,092
Debt > 1 year
€0▼
2024 · €3,071
Income taxes
€0
Staff costs
€117,843▼
2024 · €118,113
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 2 | 3 | 4 | 5 |
| full-time | 3 | 2 | 1 | 2 | 4 |
| part-time | 5 | 0 | 2 | 2 | 1 |
| in full-time equivalents | 5.5 | 2 | 2.7 | 3.8 | 4.7 |
| Average over the year, in full-time equivalents | 3.1 | 3 | 2.9 | 3 | 3.1 |
| On a permanent contract | 1 | - | - | 1 | 1 |
| Joined | 12 | 25 | 187 | 259 | 220 |
| Left | 12 | 31 | 186 | 258 | 219 |
| Training hours | - | - | - | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,925 | €20,331 | €4,082 | €2,446 | - |
| Depreciation and write-downs of the year | €3,608 | €4,542 | €8,053 | €7,799 | €8,504 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,066 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €94,990 | €103,815 | €102,605 | €118,113 | €117,843 | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,308 | €20,116 | €19,065 | €3,608 | €4,542 | €8,053 | €7,799 | €8,504 | ▲ 9.0% |
| Other operating charges640/8 | - | - | - | €952 | €867 | €1,009 | €1,131 | €1,140 | ▲ 0.8% |
| Gross operating margin9900 | €201,363 | €180,233 | €30,687 | €88,049 | €128,874 | €142,930 | €165,325 | €155,609 | ▼ 5.9% |
| Operating profit (loss)9901 | €39,036 | €6,657 | -€71,068 | -€11,500 | €19,650 | €31,263 | €38,282 | €28,122 | ▼ 26.5% |
| Financial income75/76B | - | - | - | €0 | €57 | €27 | €530 | €140 | ▼ 73.6% |
| Recurring financial income75 | €92 | €105 | €80 | €0 | €57 | €27 | €530 | €140 | ▼ 73.6% |
| Financial charges65/66B | - | - | - | €3,464 | €3,417 | €5,422 | €6,962 | €2,934 | ▼ 57.9% |
| Recurring financial charges65 | €4,189 | €1,900 | €2,994 | €3,464 | €3,417 | €5,422 | €6,962 | €2,934 | ▼ 57.9% |
| Profit (loss) for the period before taxes9903 | €34,939 | €4,862 | -€73,982 | -€14,964 | €16,291 | €25,868 | €31,850 | €25,328 | ▼ 20.5% |
| Income taxes67/77 | €15,420 | €1,957 | €0 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €19,519 | €2,905 | -€73,982 | -€14,964 | €16,291 | €25,868 | €31,850 | €25,328 | ▼ 20.5% |
| Profit (loss) for the period to be appropriated9905 | €19,519 | €2,905 | -€73,982 | -€14,964 | €16,291 | €25,868 | €31,850 | €25,328 | ▼ 20.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €310,400 | €356,362 | €241,809 | €235,792 | €310,770 | €351,512 | €325,849 | €363,871 | ▲ 11.7% |
| Fixed assets21/28 | €44,724 | €27,466 | €9,966 | €14,283 | €30,072 | €26,101 | €20,748 | €12,244 | ▼ 41.0% |
| Tangible fixed assets22/27 | €43,639 | €26,381 | €9,966 | €14,283 | €30,072 | €26,101 | €20,748 | €12,244 | ▼ 41.0% |
| Plant, machinery and equipment23 | - | - | - | €10,406 | €7,665 | €8,535 | €5,605 | €2,758 | ▼ 50.8% |
| Furniture and vehicles24 | - | - | - | - | €19,306 | €15,240 | €13,592 | €8,711 | ▼ 35.9% |
| Other tangible fixed assets26 | - | - | - | €3,877 | €3,102 | €2,326 | €1,551 | €775 | ▼ 50.0% |
| Financial fixed assets28 | €1,085 | €1,085 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €265,676 | €328,896 | €231,843 | €221,508 | €280,698 | €325,410 | €305,100 | €351,627 | ▲ 15.2% |
| Stocks and contracts in progress3 | €44,158 | €56,422 | €35,710 | €37,246 | €43,346 | €73,519 | €100,640 | €139,918 | ▲ 39.0% |
| Stocks30/36 | - | - | - | €37,246 | €43,346 | €73,519 | €100,640 | €139,918 | ▲ 39.0% |
| Amounts receivable within one year40/41 | €79,977 | €61,071 | €34,874 | €27,578 | €440 | €6,072 | €491 | €25,448 | ▲ 52× |
| Trade receivables40 | - | - | - | €27,578 | €440 | €685 | €355 | €25,248 | ▲ 71× |
| Other amounts receivable41 | - | - | - | €0 | - | €5,387 | €135 | €201 | ▲ 48.1% |
| Cash at bank and in hand54/58 | €138,154 | €208,093 | €121,550 | €156,685 | €207,047 | €212,304 | €170,300 | €150,071 | ▼ 11.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | €29,866 | €33,515 | €33,670 | €36,189 | ▲ 7.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €310,400 | €356,362 | €241,809 | €235,792 | €310,770 | €351,512 | €325,849 | €363,871 | ▲ 11.7% |
| Equity10/15 | €209,238 | €150,143 | €76,161 | €37,197 | €41,488 | €67,356 | €99,206 | €99,534 | ▲ 0.3% |
| Contributions10/11 | €30,000 | €30,000 | - | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €179,238 | €120,143 | €46,161 | €7,197 | €11,488 | €37,356 | €69,206 | €69,534 | ▲ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €3,000 | €3,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,000 | €3,000 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €153 | €153 | €153 | €153 | €153 | = |
| Distributable reserves133 | - | - | - | €4,044 | €8,335 | €37,203 | €69,053 | €69,381 | ▲ 0.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €101,162 | €206,219 | €165,648 | €198,595 | €269,282 | €284,156 | €226,643 | €264,337 | ▲ 16.6% |
| Amounts payable after more than one year17 | - | - | - | - | €13,322 | €8,249 | €3,071 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | €13,322 | €8,249 | €3,071 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €98,517 | €206,219 | €165,648 | €198,411 | €255,425 | €274,583 | €222,092 | €263,911 | ▲ 18.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4,969 | €5,073 | €5,178 | €3,071 | ▼ 40.7% |
| Financial debts43 | - | - | - | €25,000 | €50,000 | €50,000 | €50,000 | €25,000 | ▼ 50.0% |
| Credit institutions430/8 | - | - | - | €25,000 | €50,000 | €50,000 | €50,000 | €25,000 | ▼ 50.0% |
| Trade debts44 | €51,012 | €93,014 | €138,800 | €113,831 | €169,530 | €187,813 | €124,131 | €179,871 | ▲ 44.9% |
| Suppliers440/4 | - | - | - | €113,831 | €169,530 | €187,813 | €124,131 | €179,871 | ▲ 44.9% |
| Taxes, remuneration and social security45 | - | - | - | €28,332 | €22,275 | €24,558 | €36,438 | €29,792 | ▼ 18.2% |
| Taxes450/3 | - | - | - | €9,351 | €7,825 | €1,729 | €7,072 | €6,734 | ▼ 4.8% |
| Remuneration and social security454/9 | - | - | - | €18,981 | €14,450 | €22,828 | €29,366 | €23,059 | ▼ 21.5% |
| Other amounts payable47/48 | - | - | - | €31,248 | €8,652 | €7,140 | €6,344 | €26,178 | ▲ 313% |
| Accrued charges and deferred income492/3 | - | - | - | €184 | €535 | €1,324 | €1,480 | €426 | ▼ 71.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,519 | €2,905 | -€73,982 | -€14,964 | €16,291 | €25,868 | €31,850 | €25,328 | ▼ 20.5% |
| + Depreciation and write-downs630 | €16,308 | €20,116 | €19,065 | €3,608 | €4,542 | €8,053 | €7,799 | €8,504 | ▲ 9.0% |
| Operating cash flow (approximation) | €35,827 | €23,021 | -€54,917 | -€11,356 | €20,833 | €33,921 | €39,649 | €33,832 | ▼ 14.7% |
| Investment in fixed assets (approximation) | - | -€2,858 | -€1,565 | -€7,925 | -€20,331 | -€4,082 | -€2,446 | €0 | - |
| Change in cash | - | €69,939 | -€86,543 | €35,135 | €50,362 | €5,257 | -€42,004 | -€20,229 | ▲ 51.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,818 companies had the same profile as Simondium has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.1%
was still going
3.7%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Simondium itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for Simondium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 16-07-2026 | 2026-00307799 | |
| 31-12-2024 | abbreviated format | 15-07-2025 | 2025-00276340 | |
| 31-12-2023 | abbreviated format | 07-06-2024 | 2024-00120098 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00185639 | |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20164486 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-42300326 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-47800585 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-60500325 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-58400585 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-57900559 |