Simonis Plastic
Open bankruptcyA bankruptcy procedure is open for Simonis Plastic according to publications in the Belgian State Gazette; curator: CAROLINE DEWANDRE.
Summary
The file additionally contains 1 judicial reorganisation. The 2022 annual accounts show equity of €904k and a net result of €-106k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€4.20M▼ 28.6%
2021 · €5.88M
2020: €4.08M
2021: €5.88M
2020 → 2022
EBIT margin
1.3%▼ 0.6pp
2021 · 1.8%
2020: 3.2%
2021: 1.8%
2020 → 2022
Net result
€-106k
2021 · €30k
2018: €52k
2019: €-88k
2020: €46k
2021: €30k
2018 → 2022
Working capital
€-734k▲ 28.0%
2021 · €-1.02M
2018: €69k
2019: €-446k
2020: €-633k
2021: €-1.02M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€4.08M€5.88M▲ 44.3%€4.20M▼ 28.6%
Equity€862k-€762k▼ 11.6%€918k▲ 20.5%€890k▼ 3.1%€904k▲ 1.6%
Operating result€105k-€111k▲ 5.7%€132k▲ 19.2%€108k▼ 18.3%€53k▼ 51.2%
Net result€52k-€-88k€46k€30k▼ 34.1%€-106k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 51% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €6.53M
Fixed assets
€2.70M ▲ 5.1%
Current assets
€3.83M ▲ 27.4%
Equity and liabilities €6.53M
Equity
€904k ▲ 1.6%
Provisions
€13k ▼ 28.6%
Debt
€5.61M ▲ 20.3%
Debt's share of the balance-sheet total rises from 83.7% to 86.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€166k▼
2021 · €265k
Cash flow
€7k▼
2021 · €187k
Current ratio
0.84▲
2021 · 0.75
Quick ratio
0.66▲
2021 · 0.52
Debt to equity
6.21▲
2021 · 5.24
ROE
-11.8%▼
2021 · 3.4%
ROA
-1.6%▼
2021 · 0.5%
Interest coverage
0.93▼
2021 · 3.88
Debt ≤ 1 year
€4.57M▲
2021 · €4.03M
Debt > 1 year
€1.05M▲
2021 · €625k
Income taxes
€2k▲
2021 · €1k
Staff costs
€1.92M▲
2021 · €1.72M
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 · 2022 against 2021 · 89 lines
Balance sheet
Code20212022
Assets
Total assets20/58€5.57M€6.53M▲
Fixed assets21/28€2.56M€2.70M▲
Intangible fixed assets21€81k€222k▲
Tangible fixed assets22/27€449k€440k▼
Land and buildings22€240k€258k▲
Plant, machinery and equipment23€183k€165k▼
Furniture and vehicles24€13k€17k▲
Leasing and similar rights25€9k€789▼
Assets under construction and advance payments27€5k-
Financial fixed assets28€2.03M€2.03M=
Affiliated companies280/1€2.03M€2.03M=
Participating interests280€2.03M€2.03M=
Current assets29/58€3.01M€3.83M▲
Stocks and contracts in progress3€902k€833k▼
Stocks30/36€852k€640k▼
Raw materials and consumables30/31€393k€202k▼
Work in progress32€153k€161k▲
Finished goods33€306k€278k▼
Contracts in progress37€50k€193k▲
Amounts receivable within one year40/41€1.89M€2.79M▲
Trade receivables40€1.67M€2.72M▲
Other amounts receivable41€220k€78k▼
Cash at bank and in hand54/58€170k€169k▼
Deferred charges and accrued income490/1€43k€35k▼
Equity and liabilities
Total equity and liabilities10/49€5.57M€6.53M▲
Equity10/15€890k€904k▲
Contributions10/11€1.09M€1.09M=
Capital10€1.09M€1.09M=
Issued capital100€1.09M€1.09M=
Reserves13€113k€113k=
Non-distributable reserves130/1€93k€93k=
Legal reserve130€93k€93k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€-369k€-475k▼
Investment grants15€56k€176k▲
Provisions and deferred taxes16€18k€13k▼
Provisions for liabilities and charges160/5€18k€13k▼
Pensions and similar obligations160€18k€13k▼
Amounts payable17/49€4.66M€5.61M▲
Amounts payable after more than one year17€625k€1.05M▲
Financial debts170/4€625k€1.05M▲
Credit institutions173€620k-
Other loans174€5k€1.05M▲
Amounts payable within one year42/48€4.03M€4.57M▲
Current portion of amounts payable after more than one year42€339k€173k▼
Financial debts43€937k€943k▲
Credit institutions430/8€937k€943k▲
Trade debts44€1.73M€2.26M▲
Suppliers440/4€1.73M€2.26M▲
Advances received on contracts in progress46€184k€198k▲
Taxes, remuneration and social security45€453k€578k▲
Taxes450/3€62k€18k▼
Remuneration and social security454/9€391k€560k▲
Other amounts payable47/48€380k€409k▲
Accrued charges and deferred income492/3€13k-
Income statement
Code20212022
Operating income70/76A€5.98M€5.81M▼
Turnover70€5.88M€4.20M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-501k€137k▲
Own construction capitalised72€48k€151k▲
Other operating income74€546k€1.30M▲
Non-recurring operating income76A-€25k
Operating charges60/66A€5.87M€5.76M▼
Goods for resale, raw materials and consumables60€2.12M€1.85M▼
Purchases600/8€2.32M€1.65M▼
Change in stocks: decrease (increase)609€-198k€192k▲
Services and other goods61€1.87M€1.84M▼
Remuneration, social security and pensions62€1.72M€1.92M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€157k€113k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-22€-14▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-5k€-5k=
Other operating charges640/8€6k€50k▲
Non-recurring operating charges66A€1k-
Operating profit (loss)9901€108k€53k▼
Financial income75/76B€22k€20k▼
Recurring financial income75€22k€20k▼
Other financial income752/9€22k€20k▼
Financial charges65/66B€99k€178k▲
Recurring financial charges65€99k€178k▲
Debt charges650€68k-
Other financial charges652/9€30k€178k▲
Profit (loss) for the period before taxes9903€32k€-105k▼
Income taxes67/77€1k€2k▲
Taxes670/3€1k€2k▲
Tax adjustments and reversals of tax provisions77€1-
Profit (loss) for the period9904€30k€-106k▼
Profit (loss) for the period to be appropriated9905€30k€-106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-369k€-475k▼
Profit (loss) brought forward from the previous period14P€-399k€-369k▲
Social balance
Average headcount (FTE)908738.938.3▼
The notes to these accounts (74 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-05
State Gazette act
Merger · Accounting effect
Purpose change · Permanent representative
2024
09-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · SIMONIS PLASTIC SA RUE BONNE- FORTUNE 102, 4430 ANS · event 03-10-2024
23-04
Judicial reorganisation
Opening
Tribunal de l’entreprise de Liège · collectif · event 16-04-2024
08-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 252 days late
2022
31-12
Financial
Weakest financial yearnet €-106k ▼451%
Net result drops to €-106k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 27 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 5 days late
2020
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
14-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 45 days late
2014
29-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 60 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ans · 1 establishment unit since 1969
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Bonne-Fortune 1024430 Ans1 establishment unit
Rue Bonne-Fortune 102, 4430 Ans
since 19692.002.719.804
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CAROLINE DEWANDRE PLACE VERTE 13,
4000 LIEGE 1 |
03-10-2024 → present |
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Of 371 companies in sector 22210 we hold annual accounts for 293. 212 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-08-1969
Fiscal year end31-12
Activities, NACEBEL 2025
22210Manufacture of rubber and plastic products
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filings
Scores and ratios are computed by Checked and are not a credit decision.