Equity
€32,801 from €82,296 in 2024
Equity fell by 60% in 1 year.
SIMPLELEC
Lifetime
10 annual accounts with figures on one time axispeak €212,875 (2022)
€465▼ 99.4%
lowest -€49,495 (2025)
-€49,495▼ €77,774
peak €82,296 (2024)
€32,801▼ 60.1%
€228,076▼ 8.1%
peak 2.8 FTE (2020)
-not published
Board1 name since 2021
1 directorBOLHANDIA Karim
Documentsfilings and deeds
20-10-202681 days late
2025micro format
Gross margin from €76,135 to €465Loss of €49,495Resignations & appointments 17-04Equity from €82,296 to €32,801
Key points
from the 2025 annual accountsResult
-€49,495 -€49,495
From profit to loss in 2025, after a profit of €28,279 in 2024.
Turnover
≈ €3,800 estimated
The micro format states no turnover.
Debts
€228,076 87% of the balance sheet
Financial debts 52%Suppliers 3%Taxes and wages 2%Other 44%
Of this, €108,781 falls due within a year.
Filings
10 annual accounts 81 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€49,495
Lower net result than 95% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
Checked score
35
Weak
Financially stronger than 12% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.9% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.9%
01-2025: 3.9%● unchanged vs 12-2024
02-2025: 3.7%▼ -0.2 percentage points vs 01-2025
03-2025: 3.7%● unchanged vs 02-2025
04-2025: 3.7%● unchanged vs 03-2025
05-2025: 3.6%▼ -0.1 percentage points vs 04-2025
06-2025: 3.5%▼ -0.1 percentage points vs 05-2025
07-2025: 3.3%▼ -0.2 percentage points vs 06-2025
08-2025: 3.9%▲ +0.6 percentage points vs 07-2025
09-2025: 4.2%▲ +0.3 percentage points vs 08-2025
10-2025: 2.1%▼ -2.1 percentage points vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 1.8%▼ -0.3 percentage points vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.6%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 2.3%▲ +0.7 percentage points vs 07-2026
09-2026: 2.8%▲ +0.5 percentage points vs 08-2026
10-2026: 4.9%▲ +2.1 percentage points vs 09-2026highest value
11-2026: 4.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 81 days late; 2 of the last 3 accounts late
Loss of €49,495 (financial year 2025)
Liquidity: current ratio 0.06, cash €1,080
Sector: Specialised construction activities (NACE 43)
Calculation
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 43, micro). It does better than 16% of them on solvency, 19% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 08-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
Comparable companies, two years later
In July 2024, 1,294 companies had the same profile as SIMPLELEC has now. Each dot stands for 4 companies, two years later.
89.6%
were still trading
5.9%
stopped another way
4.1%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIMPLELEC itself: 4.9% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,294 companies, not a prediction for SIMPLELEC. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
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 0.06 (0.44 in 2024), below 1. Short-term debt is 41.7% and cash 0.4% of total assets. 87.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 81 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-10-2026, 81 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
81 days late
2024
29 days late
2023
54 days late
2022
19 days late
2021
32 days early
2020
31 days late
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0635643077
Resignations & appointments
Partner: KANFOUD Saïda (associée active) · General meeting of 26-03-2025 · Gazette deed
Change of role: BOLHANDIA Karim, from sole manager to director
186 shares · Director discharge: BOLHANDIA Karim · Gazette deed
Incorporation
published on 24-08-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIMPLELEC Saint-Ghislain | €260,877 | €465 | 12.6% | - |
| TOP-TECH Heusden-Zolder | €264,972 | -€10,223 | 41.7% | - |
| ECCLIPSE Couvin | €294,119 | -€17,856 | 38.1% | - |
| STS D&V Londerzeel | €263,283 | -€39,158 | -2865.7% | 1.3 |
| CAMJO Harelbeke | €257,470 | -€26,949 | 3.1% | - |
| Del-Tec Bever | €217,541 | -€7,523 | 59.4% | - |
| AHEAD Technologies Forest | €271,483 | -€2,324 | 46.0% | - |
These companies have the same main activity as SIMPLELEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €218,000 and €294,000, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 20-08-2015Normal situation
- Activity
- General electrical installation workNACE 43211
- Establishment unit
- 2.244.631.1717080 Frameries, since 20-08-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on SIMPLELEC
SIMPLELEC files the micro format. That format states no turnover. The gross margin fell from €70,649 in 2016 to €465 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIMPLELEC
- What is the company number of SIMPLELEC?
- The company number of SIMPLELEC is 0635.643.077. The VAT number is the same number with BE in front: BE 0635.643.077.
- Where is SIMPLELEC based?
- The registered office is at Rue Septième 3, 7330 Saint-Ghislain.Company details
- What does SIMPLELEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of SIMPLELEC?
- SIMPLELEC is a private limited company (BV).
- When was SIMPLELEC founded?
- SIMPLELEC was founded on 20-08-2015.
- Is SIMPLELEC still active?
- Yes, SIMPLELEC is an active enterprise in the KBO register.
- How many employees does SIMPLELEC have?
- SIMPLELEC had an average of 3.9 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of SIMPLELEC?
- The turnover in financial year 2025 is ≈ €3,800. This figure is estimated from the gross margin of €465 and 97 comparable companies (NACE 43211). It probably lies between €2,500 and €8,000. It is a rough estimate.
- Is SIMPLELEC profitable?
- In financial year 2025, SIMPLELEC made a loss of €49,495.
- Where can I find the annual accounts of SIMPLELEC?
- SIMPLELEC filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIMPLELEC due?
- SIMPLELEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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