Simons en Decru
ActiveSummary
Simons en Decru has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €526,041 and a net result of -€118,615. Equity is shrinking by ~5.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-59
Solvency71▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.79 in 2023; short-term debt: 54.4% and cash: 5.7% of total assets), but 54.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
45.6%
Return on assets
-10.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
58 d early
2023
49 d early
2022
14 d early
2021
38 d early
2020
9 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€5.6m
EBIT margin
0.2%
Net result
-€118,615▼ 176%
2023 · -€42,915
Working capital
€381,810▼ 20.9%
2023 · €482,747
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€33,855▼ 8.0%-€27,947-€45,278▼ 62.0%-€39,444▲ 12.9%-€116,260▼ 195%
Net result€18,796within the sector's middle half▼ 27.7%-€34,381below the sector's middle half-€49,332below the sector's middle half▼ 43.5%-€42,915below the sector's middle half▲ 13.0%-€118,615below the sector's middle half▼ 176%
EBIT margin
Equity€856,883within the sector's middle half▲ 2.2%€822,503within the sector's middle half▼ 4.0%€750,371within the sector's middle half▼ 8.8%€684,656within the sector's middle half▼ 8.8%€526,041within the sector's middle half▼ 23.2%
Total assets€1.3mwithin the sector's middle half▲ 0.2%€1.4mwithin the sector's middle half▲ 5.0%€1.5mwithin the sector's middle half▲ 4.5%€1.3mwithin the sector's middle half▼ 10.5%€1.2mwithin the sector's middle half▼ 11.8%
Debt€475,130▼ 3.2%€575,516▲ 21.1%€710,452▲ 23.4%€623,308▼ 12.3%€627,277▲ 0.6%
Working capital€665,577within the sector's middle half▼ 7.4%€572,663within the sector's middle half▼ 14.0%€511,577within the sector's middle half▼ 10.7%€482,747within the sector's middle half▼ 5.6%€381,810within the sector's middle half▼ 20.9%
Solvency64.3%above the sector's middle half▲ 1.3pp58.8%within the sector's middle half▼ 5.5pp51.4%within the sector's middle half▼ 7.5pp52.3%within the sector's middle half▲ 1.0pp45.6%within the sector's middle half▼ 6.7pp
Current ratio2.42within the sector's middle half▼ 0.122.00within the sector's middle half▼ 0.431.79within the sector's middle half▼ 0.201.79within the sector's middle half=1.61within the sector's middle half▼ 0.18
Return on assets (ROA)1.4%within the sector's middle half▼ 0.5pp-2.5%below the sector's middle half▼ 3.9pp-3.4%below the sector's middle half▼ 0.9pp-3.3%below the sector's middle half▲ 0.1pp-10.3%below the sector's middle half▼ 7.0pp
Staff (FTE)10.1above the sector's middle half▲ 14.8%10.7above the sector's middle half▲ 5.9%10.8above the sector's middle half▲ 0.9%10.1above the sector's middle half▼ 6.5%11.1above the sector's middle half▲ 9.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €116,260 in 2024 against €39,444 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€144,387 ▼ 33.3%
Current assets
€1.0m ▼ 7.6%
Equity and liabilities €1.2m
Equity
€526,041 ▼ 23.2%
Debt
€627,277 ▲ 0.6%
Debt's share of the balance-sheet total rises from 47.7% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€47,876▼
2023 · €48,915
Cash flow
-€50,231▼
2023 · €45,444
Quick ratio
1.45▼
2023 · 1.65
Debt to equity
1.19▲
2023 · 0.91
ROE
-22.5%▼
2023 · -6.3%
Interest coverage
-17.26▼
2023 · 14.87
Debt ≤ 1 year
€627,120▲
2023 · €608,809
Debt > 1 year
€0▼
2023 · €14,343
Income taxes
€500▼
2023 · €554
Staff costs
€439,669▲
2023 · €403,341
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 928 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €26,861 | €0 | €8,226 | - |
| Remuneration, social security and pensions62 | - | €374,108 | €395,669 | €403,341 | €439,669 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,607 | €69,777 | €94,386 | €88,359 | €68,384 | ▼ 22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4,251 | €0 | - | - |
| Other operating charges640/8 | - | €3,004 | €32,851 | €3,373 | €84,040 | ▲ 2,392% |
| Gross operating margin9900 | €446,446 | €418,942 | €481,878 | €455,628 | €475,833 | ▲ 4.4% |
| Operating profit (loss)9901 | €33,855 | -€27,947 | -€45,278 | -€39,444 | -€116,260 | ▼ 195% |
| Financial income75/76B | - | €30 | €5 | €371 | €919 | ▲ 148% |
| Recurring financial income75 | €14 | €30 | €5 | €371 | €919 | ▲ 148% |
| Financial charges65/66B | - | €2,383 | €3,510 | €3,288 | €2,774 | ▼ 15.6% |
| Recurring financial charges65 | €2,498 | €2,383 | €3,510 | €3,288 | €2,774 | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €31,371 | -€30,300 | -€48,783 | -€42,362 | -€118,115 | ▼ 179% |
| Income taxes67/77 | €12,575 | €4,081 | €548 | €554 | €500 | ▼ 9.7% |
| Profit (loss) for the period9904 | €18,796 | -€34,381 | -€49,332 | -€42,915 | -€118,615 | ▼ 176% |
| Transfer from tax-exempt reserves789 | - | €35,968 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €48,796 | €1,588 | -€49,332 | -€42,915 | -€118,615 | ▼ 176% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.4m | €1.5m | €1.3m | €1.2m | ▼ 11.8% |
| Fixed assets21/28 | €198,067 | €249,996 | €303,179 | €216,408 | €144,387 | ▼ 33.3% |
| Tangible fixed assets22/27 | €197,588 | €249,517 | €302,699 | €215,929 | €143,908 | ▼ 33.4% |
| Plant, machinery and equipment23 | - | €70,546 | €51,748 | €40,099 | €30,598 | ▼ 23.7% |
| Furniture and vehicles24 | - | €178,971 | €250,951 | €175,830 | €113,310 | ▼ 35.6% |
| Financial fixed assets28 | €479 | €479 | €479 | €479 | €479 | = |
| Current assets29/58 | €1.1m | €1.1m | €1.2m | €1.1m | €1.0m | ▼ 7.6% |
| Stocks and contracts in progress3 | €101,224 | €111,974 | €115,384 | €84,544 | €101,745 | ▲ 20.3% |
| Stocks30/36 | - | €111,974 | €115,384 | €84,544 | €101,745 | ▲ 20.3% |
| Amounts receivable within one year40/41 | €711,796 | €847,796 | €939,789 | €927,700 | €831,081 | ▼ 10.4% |
| Trade receivables40 | - | €846,956 | €937,604 | €926,808 | €830,634 | ▼ 10.4% |
| Other amounts receivable41 | - | €840 | €2,185 | €892 | €447 | ▼ 49.8% |
| Cash at bank and in hand54/58 | €315,527 | €177,705 | €85,257 | €69,339 | €65,335 | ▼ 5.8% |
| Deferred charges and accrued income490/1 | - | €10,547 | €17,214 | €9,973 | €10,769 | ▲ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.5m | €1.3m | €1.2m | ▼ 11.8% |
| Equity10/15 | €856,883 | €822,503 | €750,371 | €684,656 | €526,041 | ▼ 23.2% |
| Contributions10/11 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €632,922 | €596,954 | €574,154 | €534,656 | €376,041 | ▼ 29.7% |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves not available under the articles1311 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tax-exempt reserves132 | - | €18,462 | €18,462 | €18,462 | €18,462 | = |
| Distributable reserves133 | - | €563,492 | €540,692 | €501,194 | €342,579 | ▼ 31.6% |
| Profit (loss) carried forward14 | €73,962 | €75,549 | €26,218 | €0 | €0 | - |
| Amounts payable17/49 | €475,130 | €575,516 | €710,452 | €623,308 | €627,277 | ▲ 0.6% |
| Amounts payable after more than one year17 | €6,183 | - | €61,522 | €14,343 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €61,522 | €14,343 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €468,370 | €575,360 | €646,068 | €608,809 | €627,120 | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | - | - | €46,553 | €47,180 | €14,343 | ▼ 69.6% |
| Financial debts43 | - | €6,183 | - | - | - | - |
| Credit institutions430/8 | - | €6,183 | - | - | - | - |
| Trade debts44 | €365,367 | €492,577 | €499,585 | €449,409 | €474,675 | ▲ 5.6% |
| Suppliers440/4 | - | €492,577 | €499,585 | €449,409 | €474,675 | ▲ 5.6% |
| Taxes, remuneration and social security45 | - | €76,600 | €77,130 | €89,420 | €98,103 | ▲ 9.7% |
| Taxes450/3 | - | €22,919 | €25,590 | €24,627 | €22,997 | ▼ 6.6% |
| Remuneration and social security454/9 | - | €53,681 | €51,540 | €64,793 | €75,106 | ▲ 15.9% |
| Other amounts payable47/48 | - | - | €22,800 | €22,800 | €40,000 | ▲ 75.4% |
| Accrued charges and deferred income492/3 | - | €156 | €2,862 | €156 | €156 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,796 | -€34,381 | -€49,332 | -€42,915 | -€118,615 | ▼ 176% |
| + Depreciation and write-downs630 | €63,607 | €69,777 | €94,386 | €88,359 | €68,384 | ▼ 22.6% |
| Operating cash flow (approximation) | €82,403 | €35,396 | €45,054 | €45,444 | -€50,231 | ▼ 211% |
| Investment in fixed assets (approximation) | - | -€121,706 | -€147,568 | -€1,589 | €3,637 | ▲ 329% |
| Change in cash | - | -€137,822 | -€92,448 | -€15,918 | -€4,004 | ▲ 74.8% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€118,615
Net result drops to -€118,615, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €25,989 ▲316%
Operating result €36,817, net result €25,989, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Oostende · 1 establishment unit since 1947
Ground area
1,032 m²
Building footprint
195 m²
Volume, LiDAR
742 m³
Parcel 35382D0770/00V002, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vismijn 26-27, 8400 Oostende
since 19472.003.418.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0770/00V002 | Flanders | 1,032 m² | 1 · 195 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 7,153 EUR awarded · 7,153 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 111 EUR | 111 EUR |
| 2023 | 1 | 6,736 EUR | 6,736 EUR |
| 2022 | 1 | 306 EUR | 306 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.003.418.697
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Of 231 companies in sector 46323 we hold annual accounts for 155. 113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
46323Wholesale trade
46392Non-specialised wholesale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405291041
Also
9925:BE0405291041
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.