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Simons Beheer

Active
Private limited companyfounded 1990active for 36 yearsHoogstraat 44, 3960 Bree, BelgiumKBO/BCE: BE 0440.118.395

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 12-06-2026 PDF all 36 filings

Turnover
≈ €230,000
Estimated: probably between €180,000 and €320,000
Total assets
€2.3m▼ 6.1%
2024 · €2.5m
Net result
-€36,187
2024 · €12,973
Working capital
€273,229▼ 9.4%
2024 · €301,509
Multi-year overview
2019 to 2025, 7 financial years
Operating result
-€24,313
2025
20192025
Net result
-€36,187
2025
lowest quarter of the sector
20192025
Equity
€941,257
▼ 6.1% 2025
highest quarter of the sector
20192025
Total assets
€2.3m
▼ 6.1% 2025
highest quarter of the sector
20192025
Debt
€1.2m
▼ 5.5% 2025
20192025
Working capital
€273,229
▼ 9.4% 2025
middle half of the sector
20192025
Solvency
40.7%
= 2025
middle half of the sector
20192025
Current ratio
2.35
▼ 0.23 2025
middle half of the sector
20192025
Return on assets (ROA)
-1.6%
▼ 2.1pp 2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€0.009m-€41-€0.04m-€0.06m▼ 46.0%-€0.002m▲ 96.0%€0.02m-€0.02m
Net result-€0.03m-€0.2mabove the sector's middle half€0.1mabove the sector's middle half▼ 29.6%€0.02mwithin the sector's middle half▼ 85.5%-€0.004mbelow the sector's middle half€0.01mwithin the sector's middle half-€0.04mbelow the sector's middle half
Equity€0.7m-€0.9mwithin the sector's middle half▲ 24.2%€1.0mwithin the sector's middle half▲ 13.7%€1.0mwithin the sector's middle half▼ 0.8%€1.0mwithin the sector's middle half▼ 2.5%€1.0mwithin the sector's middle half▲ 1.3%€0.9mabove the sector's middle half▼ 6.1%
Total assets€2.3m-€2.5mabove the sector's middle half▲ 7.6%€2.8mabove the sector's middle half▲ 10.3%€2.7mwithin the sector's middle half▼ 1.5%€2.5mwithin the sector's middle half▼ 6.1%€2.5mwithin the sector's middle half▼ 3.4%€2.3mabove the sector's middle half▼ 6.1%
Debt€1.4m-€1.4m▼ 3.4%€1.5m▲ 10.7%€1.5m▼ 1.0%€1.4m▼ 8.1%€1.3m▼ 5.9%€1.2m▼ 5.5%
Working capital€0.04m-€0.1mwithin the sector's middle half▲ 238%€0.2mwithin the sector's middle half▲ 5.3%€0.3mwithin the sector's middle half▲ 71.8%€0.3mwithin the sector's middle half▲ 19.4%€0.3mwithin the sector's middle half▼ 2.5%€0.3mwithin the sector's middle half▼ 9.4%
Solvency31.2%-36.0%within the sector's middle half▲ 4.8pp37.1%within the sector's middle half▲ 1.1pp37.4%within the sector's middle half▲ 0.3pp38.8%within the sector's middle half▲ 1.4pp40.7%within the sector's middle half▲ 1.9pp40.7%within the sector's middle half=
Current ratio1.20-2.04within the sector's middle half▲ 0.842.13within the sector's middle half▲ 0.092.18within the sector's middle half▲ 0.052.98within the sector's middle half▲ 0.802.58within the sector's middle half▼ 0.402.35within the sector's middle half▼ 0.23
Return on assets (ROA)-1.1%-7.0%within the sector's middle half▲ 8.1pp4.5%within the sector's middle half▼ 2.5pp0.7%within the sector's middle half▼ 3.8pp-0.1%below the sector's middle half▼ 0.8pp0.5%within the sector's middle half▲ 0.7pp-1.6%below the sector's middle half▼ 2.1pp
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 a loss of €24,313, after a profit of €15,848 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 €2.3m
Fixed assets €1.8m ▼ 6.7%
Current assets €475,608 ▼ 3.3%
Equity and liabilities €2.3m
Equity €941,257 ▼ 6.1%
Provisions €136,442 ▼ 11.3%
Debt €1.2m ▼ 5.5%
Debt's share of the balance-sheet total rises from 53.0% to 53.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€135,531▼
2024 · €175,796
Cash flow
€123,657▼
2024 · €172,921
Debt to equity
1.31▲
2024 · 1.30
ROE
-3.8%▼
2024 · 1.3%
Interest coverage
5.74▼
2024 · 7.13
Debt ≤ 1 year
€202,379▲
2024 · €190,373
Debt > 1 year
€1.0m▼
2024 · €1.1m
Income taxes
€6,336▼
2024 · €24,501
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€614,521€88,024€11,456€48,211€27,819
Financial fixed assets€512€350---
Depreciation and write-downs of the year€138,959€158,329€162,633€159,948€159,844

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.5m€2.3m▼
Formation expenses20€0.004m€0.002m▼
Fixed assets21/28€2.0m€1.8m▼
Tangible fixed assets22/27€1.8m€1.6m▼
Land and buildings22€1.7m€1.6m▼
Plant, machinery and equipment23€0.009m€0.006m▼
Financial fixed assets28€0.2m€0.2m=
Current assets29/58€0.5m€0.5m▼
Amounts receivable within one year40/41€0.4m€0.4m▲
Trade receivables40€0.02m€0.05m▲
Other amounts receivable41€0.4m€0.4m▲
Cash at bank and in hand54/58€0.09m€0.05m▼
Deferred charges and accrued income490/1€0.003m-
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.3m▼
Equity10/15€1.0m€0.9m▼
Contributions10/11€0.03m€0.03m=
Reserves13€1.0m€0.9m▼
Tax-exempt reserves132€0.4m€0.3m▼
Distributable reserves133€0.6m€0.6m▼
Provisions and deferred taxes16€0.2m€0.1m▼
Deferred taxes168€0.2m€0.1m▼
Amounts payable17/49€1.3m€1.2m▼
Amounts payable after more than one year17€1.1m€1.0m▼
Financial debts170/4€1.1m€1.0m▼
Amounts payable within one year42/48€0.2m€0.2m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▲
Trade debts44-€0.03m
Suppliers440/4-€0.03m
Taxes, remuneration and social security45€0.07m€0.02m▼
Taxes450/3€0.07m€0.02m▼
Other amounts payable47/48€244€0.02m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Other operating charges640/8€0.02m€0.02m▼
Gross operating margin9900€0.2m€0.2m▼
Operating profit (loss)9901€0.02m-€0.02m▼
Financial income75/76B€0.03m€0.001m▼
Recurring financial income75€0.03m€0.001m▼
Non-recurring financial income76B€0.001m-
Financial charges65/66B€0.02m€0.02m▼
Recurring financial charges65€0.02m€0.02m▼
Profit (loss) for the period before taxes9903€0.02m-€0.05m▼
Transfer from deferred taxes780€0.02m€0.02m▲
Income taxes67/77€0.02m€0.006m▼
Profit (loss) for the period9904€0.01m-€0.04m▼
Transfer from tax-exempt reserves789€0.05m€0.05m▲
Profit (loss) for the period to be appropriated9905€0.06m€0.02m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.06m€0.02m▼
Transfer from equity791/2-€0.02m
Transfer to equity691/2€0.06m€0.02m▼
To other reserves6921€0.06m€0.02m▼
Profit to be distributed694/7-€0.02m
Return on contributions (dividend)694-€0.02m

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-06-2026.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€158,163€124,655€138,959€158,329€162,633€159,948€159,844▼ 0.1%
Other operating charges640/8--€9,286€26,566€16,855€19,109€18,087▼ 5.3%
Gross operating margin9900€177,012€159,924€106,802€124,395€177,087€194,905€153,618▼ 21.2%
Operating profit (loss)9901-€9,252€41-€41,443-€60,500-€2,401€15,848-€24,313-
Financial income75/76B--€207,529€88,422€20,142€29,156€768▼ 97.4%
Recurring financial income75€1,425€387€207,529€7,648€20,142€28,476€768▼ 97.3%
Non-recurring financial income76B--€207,529€80,774-€680--
Financial charges65/66B--€40,942€27,700€27,429€24,662€23,609▼ 4.3%
Recurring financial charges65€52,712€55,147€40,942€27,700€27,214€24,662€23,609▼ 4.3%
Non-recurring financial charges66B----€215---
Profit (loss) for the period before taxes9903-€36,138€170,689€125,144€222-€9,688€20,342-€47,154-
Transfer from deferred taxes780--€14,289€17,636€17,636€17,132€17,303▲ 1.0%
Income taxes67/77-€7,484€16,127€0€11,629€24,501€6,336▼ 74.1%
Profit (loss) for the period9904-€26,250€175,180€123,306€17,858-€3,681€12,973-€36,187-
Transfer from tax-exempt reserves789--€37,966€50,645€50,645€48,128€51,328▲ 6.6%
Profit (loss) for the period to be appropriated9905€3,450€24,663€161,272€68,503€46,964€61,101€15,141▼ 75.2%
Line2019202020212022202320242025Change
Assets
Total assets20/58€2.3m€2.5m€2.8m€2.7m€2.5m€2.5m€2.3m▼ 6.1%
Formation expenses20€0.01m€0.01m€0.01m€0.007m€0.005m€0.004m€0.002m▼ 33.3%
Fixed assets21/28€2.1m€2.2m€2.5m€2.2m€2.1m€2.0m€1.8m▼ 6.7%
Tangible fixed assets22/27€1.9m€2.0m€2.2m€2.0m€1.9m€1.8m€1.6m▼ 7.5%
Land and buildings22--€2.2m€2.0m€1.9m€1.7m€1.6m▼ 7.4%
Plant, machinery and equipment23--€0.001m€0.001m€0.01m€0.009m€0.006m▼ 33.3%
Furniture and vehicles24--€0.002m-----
Assets under construction and advance payments27--€495€330----
Financial fixed assets28€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m=
Current assets29/58€0.2m€0.3m€0.3m€0.5m€0.5m€0.5m€0.5m▼ 3.3%
Stocks and contracts in progress3€0.002m€0.001m€0.001m-----
Stocks30/36--€0.001m-----
Amounts receivable within one year40/41€0.09m€0.2m€0.2m€0.5m€0.4m€0.4m€0.4m▲ 6.9%
Trade receivables40--€0.02m€0.02m€0.03m€0.02m€0.05m▲ 108%
Other amounts receivable41--€0.2m€0.4m€0.3m€0.4m€0.4m▲ 0.6%
Cash at bank and in hand54/58€0.2m€0.1m€0.1m€0.02m€0.09m€0.09m€0.05m▼ 42.8%
Deferred charges and accrued income490/1--€0.001m€0.001m€0.001m€0.003m--
Equity and liabilities
Total equity and liabilities10/49€2.3m€2.5m€2.8m€2.7m€2.5m€2.5m€2.3m▼ 6.1%
Equity10/15€0.7m€0.9m€1.0m€1.0m€1.0m€1.0m€0.9m▼ 6.1%
Contributions10/11€0.03m-€0.03m€0.03m€0.03m€0.03m€0.03m=
Reserves13€0.7m€0.9m€1.0m€1.0m€1.0m€1.0m€0.9m▼ 6.3%
Tax-exempt reserves132--€0.5m€0.5m€0.4m€0.4m€0.3m▼ 13.0%
Distributable reserves133--€0.4m€0.5m€0.5m€0.6m€0.6m▼ 1.7%
Provisions and deferred taxes16€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.1m▼ 11.3%
Deferred taxes168--€0.2m€0.2m€0.2m€0.2m€0.1m▼ 11.3%
Amounts payable17/49€1.4m€1.4m€1.5m€1.5m€1.4m€1.3m€1.2m▼ 5.5%
Amounts payable after more than one year17€1.2m€1.2m€1.4m€1.3m€1.2m€1.1m€1.0m▼ 7.5%
Financial debts170/4--€1.4m€1.3m€1.2m€1.1m€1.0m▼ 7.5%
Amounts payable within one year42/48€0.2m€0.1m€0.1m€0.2m€0.2m€0.2m€0.2m▲ 6.3%
Current portion of amounts payable after more than one year42--€0.1m€0.1m€0.1m€0.1m€0.1m▲ 5.5%
Trade debts44€0.02m€0.01m€0.008m€0.07m--€0.03m-
Suppliers440/4--€0.008m€0.07m--€0.03m-
Taxes, remuneration and social security45--€0.02m€0.01m€0.02m€0.07m€0.02m▼ 65.8%
Taxes450/3--€0.02m€0.01m€0.02m€0.07m€0.02m▼ 65.8%
Other amounts payable47/48--€81€0.02m€0.02m€244€0.02m▲ 102×
Accrued charges and deferred income492/3--€0.001m€0€0---
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€26,250€175,180€123,306€17,858-€3,681€12,973-€36,187-
+ Depreciation and write-downs630€158,163€124,655€138,959€158,329€162,633€159,948€159,844▼ 0.1%
Operating cash flow (approximation)€131,913€299,835€262,265€176,187€158,952€172,921€123,657▼ 28.5%
Investment in fixed assets (approximation)--€266,388-€394,659€72,762-€12,559-€48,211-€27,819▲ 42.3%
Change in cash--€53,907-€3,013-€79,190€69,682€6,458-€40,533-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 8,617 companies had the same profile as Simons Beheer has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
94.1% was still going
5.2% stopped otherwise
0.4% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Simons Beheer itself: < 0.1% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 8,617 companies, not a prediction for Simons Beheer. 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 36 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 12-06-2026 2026-00156023 PDF
31-12-2024 abbreviated format 11-06-2025 2025-00131111 PDF
31-12-2023 abbreviated format 17-06-2024 2024-00133474 PDF
31-12-2022 abbreviated format 12-06-2023 2023-00118958 PDF
31-12-2021 abbreviated format 31-08-2022 2022-20366215 PDF
31-12-2020 abbreviated format 14-06-2021 2021-19600267 PDF
30-06-2019 abbreviated format 28-01-2020 2020-02400222 PDF
30-06-2018 abbreviated format 28-12-2018 2018-76000134 PDF
30-06-2017 abbreviated format 03-01-2018 2018-00200224 PDF
30-06-2016 abbreviated format 24-01-2017 2017-02100427 PDF

Show all 36 filings

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