SIMPLIFY HR
ActiveSummary
SIMPLIFY HR has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,476 and a net result of €66,357. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 790 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency73▼-23
Growth78=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 2.73 in 2024; short-term debt: 50.7% and cash: 35.4% of total assets), but 51.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.4%
Return on assets
25%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer 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 31-07-2026, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
17 d early
2023
29 d late
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€128,476▼ 2.9%
2024 · €132,342
Total assets
€265,448▲ 41.8%
2024 · €187,174
Net result
€66,357▼ 26.6%
2024 · €90,447
Working capital
€94,383▼ 0.6%
2024 · €94,939
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
Line2022202320242025
Operating result€38,112-€81,898▲ 115%€118,581▲ 44.8%€92,780▼ 21.8%
Net result€26,269-€63,501▲ 142%€90,447▲ 42.4%€66,357▼ 26.6%
Equity€24,126-€66,198▲ 174%€132,342▲ 99.9%€128,476▼ 2.9%
Total assets€45,441-€112,487▲ 148%€187,174▲ 66.4%€265,448▲ 41.8%
Debt€21,316-€46,289▲ 117%€54,832▲ 18.5%€136,972▲ 150%
Working capital€23,266-€62,718▲ 170%€94,939▲ 51.4%€94,383▼ 0.6%
Staff (FTE)0.83.7▲ 363%5.9▲ 59.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,448
Fixed assets
€36,371 ▼ 2.8%
Current assets
€229,077 ▲ 53.0%
Equity and liabilities €265,448
Equity
€128,476 ▼ 2.9%
Debt
€136,972 ▲ 150%
Debt's share of the balance-sheet total rises from 29.3% to 51.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101,878▼
2024 · €122,611
Cash flow
€75,455▼
2024 · €94,477
Current ratio
1.70▼
2024 · 2.73
Debt to equity
1.07▲
2024 · 0.41
ROE
51.6%▼
2024 · 68.3%
ROA
25.0%▼
2024 · 48.3%
Interest coverage
24.94▼
2024 · 1626.57
Debt ≤ 1 year
€134,695▲
2024 · €54,832
Income taxes
€22,389▼
2024 · €28,084
Staff costs
€344,591▲
2024 · €195,391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 39,275 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €30,803 | €195,391 | €344,591 | ▲ 76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €226 | €422 | €4,030 | €9,097 | ▲ 126% |
| Other operating charges640/8 | €910 | €644 | €978 | €1,551 | ▲ 58.5% |
| Gross operating margin9900 | €39,248 | €113,767 | €318,980 | €448,020 | ▲ 40.5% |
| Operating profit (loss)9901 | €38,112 | €81,898 | €118,581 | €92,780 | ▼ 21.8% |
| Financial income75/76B | €0 | €0 | €26 | €51 | ▲ 96.4% |
| Recurring financial income75 | €0 | €0 | €26 | €51 | ▲ 96.4% |
| Non-recurring financial income76B | - | - | €26 | - | - |
| Financial charges65/66B | €238 | €97 | €75 | €4,085 | ▲ 5,320% |
| Recurring financial charges65 | €238 | €97 | €75 | €4,085 | ▲ 5,320% |
| Non-recurring financial charges66B | - | - | €75 | - | - |
| Profit (loss) for the period before taxes9903 | €37,874 | €81,801 | €118,532 | €88,746 | ▼ 25.1% |
| Income taxes67/77 | €11,605 | €18,300 | €28,084 | €22,389 | ▼ 20.3% |
| Profit (loss) for the period9904 | €26,269 | €63,501 | €90,447 | €66,357 | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €26,269 | €63,501 | €90,447 | €66,357 | ▼ 26.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45,441 | €112,487 | €187,174 | €265,448 | ▲ 41.8% |
| Fixed assets21/28 | €859 | €3,480 | €37,403 | €36,371 | ▼ 2.8% |
| Intangible fixed assets21 | - | - | €15,727 | €12,393 | ▼ 21.2% |
| Tangible fixed assets22/27 | €859 | €3,480 | €21,676 | €22,493 | ▲ 3.8% |
| Land and buildings22 | - | - | €12,495 | €13,609 | ▲ 8.9% |
| Furniture and vehicles24 | €859 | €3,480 | €9,181 | €8,885 | ▼ 3.2% |
| Financial fixed assets28 | - | - | - | €1,485 | - |
| Current assets29/58 | €44,582 | €109,007 | €149,771 | €229,077 | ▲ 53.0% |
| Amounts receivable within one year40/41 | €27,307 | €74,400 | €95,673 | €95,936 | ▲ 0.3% |
| Trade receivables40 | €24,307 | €74,400 | €95,583 | €94,800 | ▼ 0.8% |
| Other amounts receivable41 | €3,000 | - | €89 | €1,136 | ▲ 1,173% |
| Current investments50/53 | €10,000 | - | - | €25,000 | - |
| Cash at bank and in hand54/58 | €7,275 | €34,607 | €51,575 | €94,073 | ▲ 82.4% |
| Deferred charges and accrued income490/1 | - | - | €2,524 | €14,068 | ▲ 457% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45,441 | €112,487 | €187,174 | €265,448 | ▲ 41.8% |
| Equity10/15 | €24,126 | €66,198 | €132,342 | €128,476 | ▼ 2.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €19,000 | €19,000 | €19,000 | €123,476 | ▲ 550% |
| Distributable reserves133 | €19,000 | €19,000 | €19,000 | €123,476 | ▲ 550% |
| Profit (loss) carried forward14 | €126 | €42,198 | €108,342 | - | - |
| Amounts payable17/49 | €21,316 | €46,289 | €54,832 | €136,972 | ▲ 150% |
| Amounts payable within one year42/48 | €21,316 | €46,289 | €54,832 | €134,695 | ▲ 146% |
| Financial debts43 | - | - | €72 | - | - |
| Credit institutions430/8 | - | - | €72 | - | - |
| Trade debts44 | €12,362 | €26,649 | €29,264 | €5,817 | ▼ 80.1% |
| Suppliers440/4 | €12,362 | €26,649 | €29,264 | €5,817 | ▼ 80.1% |
| Taxes, remuneration and social security45 | €6,985 | €18,202 | €23,748 | €66,274 | ▲ 179% |
| Taxes450/3 | €6,985 | €18,184 | €20,630 | €48,055 | ▲ 133% |
| Remuneration and social security454/9 | - | €18 | €3,117 | €18,219 | ▲ 484% |
| Other amounts payable47/48 | €1,968 | €1,438 | €1,748 | €62,603 | ▲ 3,481% |
| Accrued charges and deferred income492/3 | - | - | - | €2,277 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,269 | €63,501 | €90,447 | €66,357 | ▼ 26.6% |
| + Depreciation and write-downs630 | €226 | €422 | €4,030 | €9,097 | ▲ 126% |
| Operating cash flow (approximation) | €26,494 | €63,923 | €94,477 | €75,455 | ▼ 20.1% |
| Investment in fixed assets (approximation) | - | -€3,043 | -€37,953 | -€8,065 | ▲ 78.7% |
| Change in cash | - | €27,332 | €16,968 | €42,498 | ▲ 150% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €90,447 ▲42.4%
Operating result €118,581, net result €90,447, both a record.
31-12
Financial
Equity above €100,000Eq €132,342 ▲99.9%
3 profitable years in a row build equity to €132,342.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
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, Tongeren-Borgloon · 2 establishment units since 2022
Ground area
4,277 m²
Building footprint
1,681 m²
Volume, LiDAR
6,396 m³
2 parcels, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SIMPLIFY HR
since 20222.325.262.422
SIMPLIFY HR
since 20262.385.862.874
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0502/00L000 | Flanders | 3,852 m² | 1 · 1,594 m² | 6.9 m · 2 fl. |
| 73031C0545/00H000 | Flanders | 425 m² | 1 · 87 m² | 0.6 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 11,785 EUR awarded · 11,785 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,086 EUR | 8,086 EUR |
| 2024 | 2 | 2,323 EUR | 2,323 EUR |
| 2023 | 1 | 296 EUR | 296 EUR |
| 2022 | 1 | 1,080 EUR | 1,080 EUR |
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ESENSI
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,364. 1,097 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
Founded07-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Contact
Website
www.simplify-hr.be
E-mail
info@simplify-hr.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778351853
Also
9925:BE0778351853
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.