Equity
Equity fell by 87% in 4 years.
Equity fell by 87% in 4 years.
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Short-term debts fell from €14,105 to €13,375.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.3% across 2,578 companies (NACE 59, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro). It does better than 44% of them on solvency, 18% on liquidity, 8% on profitability and 9% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,805 companies had the same profile as SIMONNES has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIMONNES itself: 0.5% within 12 months.
The method was tested on the 497,448 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 4,805 companies, not a prediction for SIMONNES. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.16 (1.65 in 2024), below 1. Short-term debt is 63.1% and cash 7.7% of total assets. 63.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 59), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SIMONNES Schaerbeek | €21,196 | -€15,143 | 36.9% | - |
| Peignoir & Panda Ixelles | €18,488 | -€152 | 33.3% | - |
| GLAZCAM Ramillies | €19,320 | -€1,757 | 5.9% | - |
| IOTA DISTRIBUTION La Hulpe | €16,433 | -€2,084 | -32.6% | - |
| ESPRIT LIBRE PRODUCTION Ixelles | €29,669 | -€18,265 | -149.9% | - |
| ETCART Woluwe-Saint-Pierre | €25,857 | -€183 | -1603.3% | - |
| BUENA ONDA CREATIVE Forest | €16,198 | -€3,144 | 58.9% | - |
These companies have the same main activity as SIMONNES: production of cinema films (NACE 59111). They are comparable in size and age: total assets between €16,200 and €29,700, founded between 2009 and 2015.
SIMONNES files the micro format. That format states no turnover. The gross margin fell from -€1,525 in 2013 to -€15,143 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 41% of 1,873 companies in 2025.
Lower than 95% of 1,778 companies in 2025.
Lower than 95% of 1,797 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
21,196 | 51,286 | 56,827 | 53,858 | 116,168 | 132,861 | 63,210 | 40,051 | 16,156 | 33,663 | 61,338 | 47,811 | 19,715 | |
21/28 |
19,035 | 27,988 | 16,860 | 25,292 | 25,536 | 37,354 | 46,958 | 5,116 | 10,090 | 20,252 | 31,495 | 34,193 | 11,714 | |
22/27 |
19,035 | 27,988 | 16,860 | 25,292 | 25,536 | 37,354 | 46,958 | 5,116 | 10,090 | 20,252 | 31,495 | 34,193 | 11,714 | |
23 |
18,489 | 27,116 | 15,661 | 12,940 | 3,881 | 4,453 | 2,811 | 5,116 | 3,484 | 7,039 | 11,675 | 7,766 | 11,714 | |
24 |
546 | 872 | 1,199 | 12,352 | 21,654 | 32,482 | 43,309 | - | 6,607 | 13,213 | 19,820 | 26,427 | - | |
26 |
- | - | - | - | - | 419 | 839 | - | - | - | - | - | - | |
29/58 |
2,161 | 23,298 | 39,967 | 28,566 | 90,632 | 95,508 | 16,252 | 34,935 | 6,065 | 13,410 | 29,843 | 13,618 | 8,001 | |
40/41 |
520 | 7,486 | 35,191 | 12,257 | 10,814 | 11,068 | 5,464 | 21,486 | 2,153 | 8,174 | 21,139 | 6,604 | - | |
40 |
508 | 3,422 | 30,464 | 0 | 863 | 9,619 | 3,224 | 20,841 | 1,471 | 8,174 | 20,247 | 3,409 | - | |
41 |
12 | 4,064 | 4,727 | 12,257 | 9,951 | 1,449 | 2,240 | 645 | 682 | - | 892 | 3,196 | - | |
54/58 |
1,641 | 15,813 | 4,777 | 16,309 | 79,819 | 84,439 | 10,788 | 13,449 | 3,912 | 4,600 | 8,704 | 7,014 | 8,001 | |
490/1 |
- | - | - | - | - | - | - | - | - | 636 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
21,196 | 51,286 | 56,827 | 53,858 | 116,168 | 132,861 | 63,210 | 40,051 | 16,156 | 33,663 | 61,338 | 47,811 | 19,715 | |
10/15 |
7,821 | 37,181 | 40,299 | 42,235 | 59,854 | 58,339 | 3,364 | 5,829 | -11,269 | -5,451 | -5,835 | -11,089 | -7,499 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | 6,200 | 6,200 | - | - | - | - | - | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
14 |
1,621 | 30,981 | 34,099 | 36,035 | 53,654 | 52,139 | -2,836 | -371 | -17,469 | -11,651 | -12,035 | -17,289 | -13,699 | |
17/49 |
13,375 | 14,105 | 16,528 | 11,623 | 56,314 | 74,522 | 59,846 | 34,221 | 27,424 | 39,113 | 67,172 | 58,900 | 27,215 | |
42/48 |
13,375 | 14,105 | 16,528 | 11,623 | 56,314 | 74,522 | 59,846 | 34,221 | 27,424 | 39,113 | 67,172 | 58,900 | 27,215 | |
44 |
444 | 518 | 2,369 | 71 | 644 | 1,564 | 715 | 3,616 | 15 | 1,118 | 946 | 1,607 | 1,877 | |
440/4 |
444 | 518 | 2,369 | 71 | 644 | 1,564 | 715 | 3,616 | 15 | 1,118 | 946 | 1,607 | 1,877 | |
45 |
688 | 704 | 641 | 641 | 14,887 | 15,537 | 493 | 7,289 | 505 | 2,722 | 972 | 1,927 | 3,230 | |
450/3 |
688 | 704 | 641 | 641 | 14,887 | 15,537 | 493 | 7,289 | 505 | 2,722 | 972 | 1,927 | 3,230 | |
47/48 |
12,243 | 12,884 | 13,519 | 10,911 | 40,783 | 57,422 | 58,638 | 23,316 | 26,904 | 35,273 | 65,254 | 55,366 | 22,109 | |
| Income statement | ||||||||||||||
70 |
- | - | 45,952 | 26,119 | 46,856 | - | 53,714 | - | - | 66,646 | - | - | - | |
76A |
- | - | - | - | 33,409 | - | - | - | - | - | - | - | - | |
9900 |
-15,143 | 7,383 | 16,872 | -1,108 | 34,978 | 84,789 | 13,533 | 34,241 | 8,474 | 15,456 | 23,148 | 13,375 | -1,525 | |
60/61 |
- | - | 31,115 | 29,536 | 53,753 | - | 54,126 | - | - | 55,680 | - | - | - | |
630 |
13,726 | 10,074 | 18,614 | 16,110 | 14,205 | 15,206 | 14,831 | 10,848 | 13,762 | 14,493 | 17,314 | 16,347 | 7,810 | |
640/8 |
204 | - | 98 | 93 | 85 | - | 338 | 325 | 319 | 312 | 399 | 521 | 89 | |
66A |
- | - | - | - | 18,843 | - | - | - | - | - | - | - | 4,195 | |
9901 |
-29,073 | -2,692 | -1,840 | -17,311 | 1,844 | 69,583 | -1,636 | 23,068 | -5,607 | 651 | 5,434 | -3,494 | -9,423 | |
75/76B |
- | 3 | 0 | - | - | 0 | 0 | 0 | 3 | 57 | 20 | 20 | 40 | |
75 |
- | 3 | 0 | - | - | 0 | 0 | 0 | 3 | 57 | 20 | 20 | 40 | |
65/66B |
145 | 156 | 98 | 97 | 132 | 127 | 601 | 97 | 85 | 291 | 130 | 67 | 115 | |
65 |
145 | 156 | 98 | 97 | 132 | 127 | 601 | 97 | 85 | 291 | 130 | 67 | 115 | |
9903 |
-29,219 | -2,845 | -1,937 | -17,409 | 1,712 | 69,456 | -2,237 | 22,971 | -5,689 | 417 | 5,323 | -3,540 | -13,693 | |
67/77 |
141 | 273 | - | 210 | 198 | 14,481 | 229 | 5,873 | 130 | 33 | 68 | 50 | 6 | |
9904 |
-29,360 | -3,118 | -1,937 | -17,618 | 1,514 | 54,975 | -2,465 | 17,098 | -5,818 | 384 | 5,255 | -3,590 | -13,699 | |
9905 |
-29,360 | -3,118 | -1,937 | -17,618 | 1,514 | 54,975 | -2,465 | 17,098 | -5,818 | 384 | 5,255 | -3,590 | -13,699 | |
| Appropriation of the result | ||||||||||||||
9906 |
1,621 | 30,981 | 34,099 | 36,035 | 53,654 | 52,139 | -2,836 | -371 | -17,469 | -11,651 | -12,035 | -17,289 | -13,699 | |
14P |
30,981 | 34,099 | 36,035 | 53,654 | 52,139 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-08-2026.
2025 annual accounts filed 23 days after the deadline. Filed on 23 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00415419.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-08-2026 | 2026-00415419 | |
| 31-12-2024 | micro format | 16-08-2025 | 2025-00378297 | |
| 31-12-2023 | micro format | 13-07-2024 | 2024-00241932 | |
| 31-12-2022 | micro format | 24-06-2023 | 2023-00154156 | |
| 31-12-2021 | micro format | 04-08-2022 | 2022-20268644 | |
| 31-12-2020 | micro format | 28-08-2021 | 2021-59600214 | |
| 31-12-2019 | full format | 10-07-2020 | 2020-29000287 | |
| 31-12-2018 | full format | 04-07-2019 | 2019-29600377 | |
| 31-12-2017 | full format | 05-08-2018 | 2018-44000390 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-57600229 | |
| 31-12-2015 | full format | 19-08-2016 | 2016-44600438 | |
| 31-12-2014 | full format | 21-08-2015 | 2015-45800551 | |
| 31-12-2013 | full format | 12-08-2014 | 2014-42900062 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -15,347 | 7,383 | 16,774 | -1,201 | 16,049 | 84,789 | 13,195 | 33,916 | 8,155 | 15,144 | 22,748 | 12,853 | -1,614 | ||
| -15,633 | 6,956 | 16,677 | -1,508 | 15,719 | 70,182 | 12,365 | 27,946 | 7,944 | 14,877 | 22,569 | 12,757 | -5,890 | ||
| 4,774 | 21,203 | 10,181 | 15,867 | 2,387 | 5,602 | 56,674 | 5,873 | 3,600 | 3,251 | 14,617 | 38,826 | 19,524 | ||
| -14,172 | 11,036 | -11,532 | -63,510 | -4,621 | 73,652 | -2,662 | 9,537 | -688 | -4,103 | 1,690 | -987 | - | ||
| -11,214 | 9,193 | 23,439 | 16,943 | 34,318 | 20,985 | -43,595 | 714 | -21,359 | -25,703 | -37,330 | -45,282 | -19,214 | ||
| - | - | -4.0% | -66.3% | 3.9% | - | -3.0% | - | - | 1.0% | - | - | - | ||
| 36.9% | 72.5% | 70.9% | 78.4% | 51.5% | 43.9% | 5.3% | 14.6% | -69.8% | -16.2% | -9.5% | -23.2% | -38.0% | ||
| 0.16 | 1.65 | 2.42 | 2.46 | 1.61 | 1.28 | 0.27 | 1.02 | 0.22 | 0.34 | 0.44 | 0.23 | 0.29 | ||
| 1.71 | 0.38 | 0.41 | 0.28 | 0.94 | 1.28 | 17.79 | 5.87 | - | - | - | - | - | ||
| -375.4% | -8.4% | -4.8% | -41.7% | 2.5% | 94.2% | -73.3% | 293.3% | - | - | - | - | - | ||
| -138.5% | -6.1% | -3.4% | -32.7% | 1.3% | 41.4% | -3.9% | 42.7% | -36.0% | 1.1% | 8.6% | -7.5% | -69.5% | ||
| -105.57 | 47.19 | over 100 | -12.35 | over 100 | - | - | - | - | - | - | - | - | ||
| - | - | 242 days | 0 days | 7 days | - | 22 days | - | - | 45 days | - | - | - | ||
| - | - | 28 days | 1 day | 4 days | - | 5 days | - | - | 7 days | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,774 | €21,203 | €10,181 | €15,867 | €2,387 |
| €13,726 | €10,074 | €18,614 | €16,110 | €14,205 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €29,073, larger than the loss of €2,692 in 2024. It is the lowest result since 2013.
Debt's share of the balance-sheet total rises from 27.5% to 63.1%. Equity and debt are lower.
SIMONNES has no parent and no holdings in its annual accounts. MINJAUW David Raymond Robert is the only director. SIMONNES shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Artanstraat 71 registered office 1030 Schaerbeek | ||
| STUDIO SIMONNES Simonnelaan 6, 1640 Sint-Genesius-Rode 46180 Agents specialised in the wholesale of other particular products | 19-09-2012 | 2.212.477.057 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22552F0008/00G018 | Flanders | 1,071 m² | 1 · 121 m² | 9.5 m · 2 |
| 21906D0044/00Y000 | Brussels | 156 m² | 1 · 79 m² | 13.3 m · 3 |
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