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SIMPLE

Active
Private limited companyfounded 200620 yrs activeEmile Bockstaellaan 215, 1020 Brussel, BelgiumKBO/BCE: BE 0878.783.574
Summary

The computed 12-month bankruptcy probability of SIMPLE is 3.0% (moderate). The 2024 annual accounts show negative equity (-€11,455) and a net result of -€387. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability36▲+4
Solvency9▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 115.9% of total assets, and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
-15.9%
Return on assets
-0.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 20 years 0 30 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
181921222324
2018 to 2024 · latest year -€11,455
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
67 d late
2023
1 d early
2022
61 d late
2021
61 d late
2019
on the day
2018
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 31 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SIMPLE was incorporated on 20 January 2006.1 Total assets went from EUR 72,003 in 2018 to EUR 72,000 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€387▲ 76.1%
2023 · -€1,623
Working capital
-€74,141▼ 0.7%
2018 · -€73,618
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192021202220232024
Operating result-€523▼ 30.5%-€253--€454▼ 79.3%-€1,623▼ 258%-€387▲ 76.1%
Net result-€523▼ 30.5%-€253--€454▼ 79.3%-€1,623▼ 258%-€387▲ 76.1%
Equity-€2,141▼ 32.3%-€2,741--€3,195▼ 16.6%-€11,068▼ 246%-€11,455▼ 3.5%
Total assets€72,003=€72,000-€72,000=€72,000=€72,000=
Debt€74,143▲ 0.7%€74,741-€75,195▲ 0.6%€83,068▲ 10.5%€83,455▲ 0.5%
Working capital-€74,141▼ 0.7%
Result per fiscal year
Operating resultNet result
-€2,000-€1,500-€1,000-€500€0Operating result 2019: -€523-€523Net result 2019: -€523-€523Operating result 2021: -€253-€253Net result 2021: -€253-€253Operating result 2022: -€454-€454Net result 2022: -€454-€454Operating result 2023: -€1,623-€1,623Net result 2023: -€1,623-€1,623Operating result 2024: -€387-€387Net result 2024: -€387-€38720192021202220232024-€2,000-€1,500-€1,000-€500€0Operating result 2022: -€454-€454Net result 2022: -€454-€454Operating result 2023: -€1,623-€1,620Net result 2023: -€1,623-€1,620Operating result 2024: -€387-€387Net result 2024: -€387-€387202220232024
The operating result stays negative: a loss of €387 in 2024 against €1,623 in 2023; the loss shrinks.
Key figures and ratios
2024 value · change against 2023
Solvency
-15.9%▼
2023 · -15.4%
Debt to equity
-7.29▲
2023 · -7.51
ROA
-0.5%▲
2023 · -2.3%
Debt ≤ 1 year
€83,455▲
2023 · €83,068
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
5.9% stopped otherwise
90% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,799 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 19 lines
Balance sheet Code20232024
Assets
Total assets20/58€72,000€72,000=
Fixed assets21/28€72,000€72,000=
Tangible fixed assets22/27€72,000€72,000=
Land and buildings22€72,000€72,000=
Equity and liabilities
Total equity and liabilities10/49€72,000€72,000=
Equity10/15-€11,068-€11,455▼
Profit (loss) carried forward14-€11,068-€11,455▼
Amounts payable17/49€83,068€83,455▲
Amounts payable within one year42/48€83,068€83,455▲
Other amounts payable47/48€83,068€83,455▲
Income statement Code20232024
Goods, raw materials, services and sundry goods60/61€1,235-
Other operating charges640/8€388€387=
Gross operating margin9900-€1,235-
Operating profit (loss)9901-€1,623-€387▲
Profit (loss) for the period before taxes9903-€1,623-€387▲
Profit (loss) for the period9904-€1,623-€387▲
Profit (loss) for the period to be appropriated9905-€1,623-€387▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11,068-€11,455▼
Profit (loss) brought forward from the previous period14P-€9,445-€11,068▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192021202220232024Change
Goods, raw materials, services and sundry goods60/61-€253€89€1,235--
Other operating charges640/8--€365€388€387=
Gross operating margin9900-€175-€253-€89-€1,235--
Operating profit (loss)9901-€523-€253-€454-€1,623-€387▲ 76.1%
Profit (loss) for the period before taxes9903-€523-€253-€454-€1,623-€387▲ 76.1%
Profit (loss) for the period9904-€523-€253-€454-€1,623-€387▲ 76.1%
Profit (loss) for the period to be appropriated9905-€523-€253-€454-€1,623-€387▲ 76.1%
Line20192021202220232024Change
Assets
Total assets20/58€72,003€72,000€72,000€72,000€72,000=
Fixed assets21/28€72,000€72,000€72,000€72,000€72,000=
Tangible fixed assets22/27€72,000€72,000€72,000€72,000€72,000=
Land and buildings22-€72,000€72,000€72,000€72,000=
Current assets29/58€3-----
Cash at bank and in hand54/58€3-----
Equity and liabilities
Total equity and liabilities10/49€72,003€72,000€72,000€72,000€72,000=
Equity10/15-€2,141-€2,741-€3,195-€11,068-€11,455▼ 3.5%
Contributions10/11€6,250€6,250€6,250---
Capital10-€6,250€6,250---
Issued capital100-€18,600€18,600---
Uncalled capital101-€12,350€12,350---
Profit (loss) carried forward14-€8,391-€8,991-€9,445-€11,068-€11,455▼ 3.5%
Amounts payable17/49€74,143€74,741€75,195€83,068€83,455▲ 0.5%
Amounts payable within one year42/48€74,143€74,741€75,195€83,068€83,455▲ 0.5%
Trade debts44€121€722€1,175---
Suppliers440/4-€469€722---
Bills of exchange payable441-€253€454---
Other amounts payable47/48-€74,020€74,020€83,068€83,455▲ 0.5%
Line20192021202220232024Change
Profit (loss) for the period9904-€523-€253-€454-€1,623-€387▲ 76.1%
Operating cash flow (approximation)-€523-€253-€454-€1,623-€387▲ 76.1%
Investment in fixed assets (approximation)--€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
06-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 67 days late
2024
30-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Weakest financial yearnet -€1,623
Net result drops to -€1,623, the lowest in the series; recovery starts the following year.
30-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 61 days late
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2020
31-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
04-10
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 65 days late
2015
08-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 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, Brussel
exact location from the address register On OpenStreetMap
Ground area
77 m²
Building footprint
69 m²
Volume, LiDAR
1,178 m³
Parcel 21816C0134/00C006, Brussels · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21816C0134/00C006 Brussels 77 m² 1 · 69 m² 20.6 m · 6 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded20-01-2006
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.