SIMPLISSIMO
ActiveSummary
SIMPLISSIMO has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,285 and a net result of €14,556. Equity is growing by about 31% per year across the filed financial years. Its solvency ranks better than 43% of 13,639 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Financials · financial year 2025, micro format
2025 annual accounts filed late (4 days) Filed on 4 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00101070.
Turnover
€97,117▲ 74.2%
2021 · €55,759
EBIT margin
30.7%▲ 41.6pp
2021 · -10.9%
Net result
€14,556
2024 · -€2,501
Working capital
-€51,062▼ 102%
2024 · -€25,288
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 20 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€97,117
2022
Operating result€26,700
2025
Net result€14,556
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€222,416
2025
Equity€69,285
2025
Debt€153,131
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€51,062
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin30.7%
2022
Return on assets (ROA)6.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency31.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.11
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€75,159-€74,922▼ 0.3%€55,759▼ 25.6%€97,117▲ 74.2%
Operating result-€5,043--€575▲ 88.6%-€6,072▼ 956%€29,847€37,085▲ 24.2%€1,331▼ 96.4%€26,700▲ 20×
Net result-€5,449--€1,385within the sector's middle half▲ 74.6%-€7,121below the sector's middle half▼ 414%€24,985within the sector's middle half€25,102within the sector's middle half▲ 0.5%-€2,501within the sector's middle half€14,556within the sector's middle half
EBIT margin-6.7%--0.8%▲ 5.9pp-10.9%▼ 10.1pp30.7%▲ 41.6pp
Equity€15,648-€14,263within the sector's middle half▼ 8.9%€7,142below the sector's middle half▼ 49.9%€32,128within the sector's middle half▲ 350%€57,230within the sector's middle half▲ 78.1%€54,729within the sector's middle half▼ 4.4%€69,285within the sector's middle half▲ 26.6%
Total assets€57,215-€46,031below the sector's middle half▼ 19.5%€224,789within the sector's middle half▲ 388%€222,146within the sector's middle half▼ 1.2%€219,123within the sector's middle half▼ 1.4%€195,096within the sector's middle half▼ 11.0%€222,416within the sector's middle half▲ 14.0%
Debt€41,568-€31,768▼ 23.6%€217,647▲ 585%€190,019▼ 12.7%€161,894▼ 14.8%€140,367▼ 13.3%€153,131▲ 9.1%
Working capital€15,486-€11,222within the sector's middle half▼ 27.5%-€16,405below the sector's middle half-€15,680below the sector's middle half▲ 4.4%-€15,859below the sector's middle half▼ 1.1%-€25,288below the sector's middle half▼ 59.5%-€51,062below the sector's middle half▼ 102%
Solvency27.3%-31.0%within the sector's middle half▲ 3.6pp3.2%below the sector's middle half▼ 27.8pp14.5%within the sector's middle half▲ 11.3pp26.1%within the sector's middle half▲ 11.7pp28.1%within the sector's middle half▲ 1.9pp31.2%within the sector's middle half▲ 3.1pp
Current ratio2.00-1.69within the sector's middle half▼ 0.300.67below the sector's middle half▼ 1.020.70below the sector's middle half▲ 0.020.71below the sector's middle half▲ 0.010.37below the sector's middle half▼ 0.340.11below the sector's middle half▼ 0.26
Return on assets (ROA)-9.5%--3.0%below the sector's middle half▲ 6.5pp-3.2%below the sector's middle half▼ 0.2pp11.2%within the sector's middle half▲ 14.4pp11.5%within the sector's middle half▲ 0.2pp-1.3%within the sector's middle half▼ 12.7pp6.5%within the sector's middle half▲ 7.8pp
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222,416
Fixed assets
€216,176 ▲ 20.0%
Current assets
€6,240 ▼ 58.3%
Equity and liabilities €222,416
Equity
€69,285 ▲ 26.6%
Debt
€153,131 ▲ 9.1%
Debt's share of the balance-sheet total falls from 71.9% to 68.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,416▲
2024 · €1,552
Cash flow
€17,273▲
2024 · -€2,279
Debt to equity
2.21▼
2024 · 2.56
ROE
21.0%▲
2024 · -4.6%
Interest coverage
8.02▲
2024 · 0.44
Debt ≤ 1 year
€57,302▲
2024 · €40,244
Debt > 1 year
€94,748▼
2024 · €98,501
Income taxes
€10,318▲
2024 · €359
Staff costs
€418▼
2024 · €521
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €75,159 | €74,922 | €55,759 | €97,117 | - | - | - | - |
| Non-recurring operating income76A | - | - | €4,779 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €55,953 | €58,495 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €425 | €312 | €3,894 | €521 | €418 | ▼ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,837 | €7,573 | €7,567 | €5,648 | €5,686 | €221 | €2,717 | ▲ 12× |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €9,029 | -€323 | €350 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €650 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €2,015 | €2,716 | €1,827 | €2,935 | €4,309 | ▲ 46.8% |
| Non-recurring operating charges66A | - | - | - | €100 | €896 | - | - | - |
| Gross operating margin9900 | €5,191 | €9,156 | €4,585 | €38,623 | €58,417 | €4,686 | €34,494 | ▲ 636% |
| Operating profit (loss)9901 | -€5,043 | -€575 | -€6,072 | €29,847 | €37,085 | €1,331 | €26,700 | ▲ 20× |
| Financial income75/76B | - | - | €0 | €0 | €1 | €50 | €1,841 | ▲ 37× |
| Recurring financial income75 | €4 | €3 | €0 | €0 | €1 | €50 | €1,841 | ▲ 37× |
| Financial charges65/66B | - | - | €929 | €4,151 | €3,705 | €3,523 | €3,666 | ▲ 4.1% |
| Recurring financial charges65 | €293 | €697 | €929 | €4,151 | €3,705 | €3,523 | €3,666 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | -€5,333 | -€1,269 | -€7,001 | €25,696 | €33,381 | -€2,142 | €24,874 | - |
| Income taxes67/77 | €116 | €116 | €119 | €711 | €8,279 | €359 | €10,318 | ▲ 29× |
| Profit (loss) for the period9904 | -€5,449 | -€1,385 | -€7,121 | €24,985 | €25,102 | -€2,501 | €14,556 | - |
| Profit (loss) for the period to be appropriated9905 | -€5,449 | -€1,385 | -€7,121 | €24,985 | €25,102 | -€2,501 | €14,556 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €57,215 | €46,031 | €224,789 | €222,146 | €219,123 | €195,096 | €222,416 | ▲ 14.0% |
| Fixed assets21/28 | €26,171 | €18,598 | €191,031 | €186,048 | €180,362 | €180,140 | €216,176 | ▲ 20.0% |
| Tangible fixed assets22/27 | €26,171 | €18,598 | €11,031 | €6,048 | €362 | €140 | €36,176 | ▲ 258× |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €2,169 | - |
| Furniture and vehicles24 | - | - | €11,031 | €6,048 | €362 | €140 | €34,007 | ▲ 242× |
| Financial fixed assets28 | - | - | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Current assets29/58 | €31,045 | €27,433 | €33,758 | €36,098 | €38,761 | €14,956 | €6,240 | ▼ 58.3% |
| Amounts receivable within one year40/41 | €19,312 | €10,306 | €25,233 | €26,358 | €23,450 | €10,592 | €1,087 | ▼ 89.7% |
| Trade receivables40 | - | - | €22,567 | €24,364 | €18,016 | €1,340 | €96 | ▼ 92.9% |
| Other amounts receivable41 | - | - | €2,666 | €1,994 | €5,434 | €9,253 | €992 | ▼ 89.3% |
| Current investments50/53 | €2,011 | €4,010 | €5,010 | €2,610 | €10,065 | €2,559 | €2,559 | = |
| Cash at bank and in hand54/58 | €8,522 | €11,591 | €1,982 | €5,206 | €3,541 | €15 | €238 | ▲ 15× |
| Deferred charges and accrued income490/1 | - | - | €1,533 | €1,924 | €1,706 | €1,790 | €2,356 | ▲ 31.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €57,215 | €46,031 | €224,789 | €222,146 | €219,123 | €195,096 | €222,416 | ▲ 14.0% |
| Equity10/15 | €15,648 | €14,263 | €7,142 | €32,128 | €57,230 | €54,729 | €69,285 | ▲ 26.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €16,416 | ▲ 783% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | - | - | €14,556 | - |
| Profit (loss) carried forward14 | €1,388 | €3 | -€7,118 | €17,868 | €42,970 | €40,469 | €40,469 | = |
| Amounts payable17/49 | €41,568 | €31,768 | €217,647 | €190,019 | €161,894 | €140,367 | €153,131 | ▲ 9.1% |
| Amounts payable after more than one year17 | €25,430 | €15,558 | €166,403 | €136,618 | €106,191 | €98,501 | €94,748 | ▼ 3.8% |
| Financial debts170/4 | - | - | €166,403 | €136,618 | €106,191 | €80,501 | €76,748 | ▼ 4.7% |
| Other amounts payable178/9 | - | - | - | - | - | €18,000 | €18,000 | = |
| Amounts payable within one year42/48 | €15,559 | €16,211 | €50,163 | €51,778 | €54,621 | €40,244 | €57,302 | ▲ 42.4% |
| Current portion of amounts payable after more than one year42 | - | - | €29,155 | €29,784 | €30,427 | €25,690 | €32,254 | ▲ 25.5% |
| Trade debts44 | €5,672 | €1,279 | €4,545 | €3,366 | €273 | €390 | €231 | ▼ 40.8% |
| Suppliers440/4 | - | - | €4,545 | €3,366 | €273 | €390 | €231 | ▼ 40.8% |
| Taxes, remuneration and social security45 | - | - | €117 | €2,510 | €12,530 | €9,747 | €17,828 | ▲ 82.9% |
| Taxes450/3 | - | - | €117 | €2,510 | €12,530 | €4,747 | €12,428 | ▲ 162% |
| Remuneration and social security454/9 | - | - | - | - | - | €5,000 | €5,400 | ▲ 8.0% |
| Other amounts payable47/48 | - | - | €16,345 | €16,118 | €11,391 | €4,417 | €6,989 | ▲ 58.2% |
| Accrued charges and deferred income492/3 | - | - | €1,082 | €1,622 | €1,082 | €1,622 | €1,082 | ▼ 33.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,449 | -€1,385 | -€7,121 | €24,985 | €25,102 | -€2,501 | €14,556 | - |
| + Depreciation and write-downs630 | €7,837 | €7,573 | €7,567 | €5,648 | €5,686 | €221 | €2,717 | ▲ 12× |
| Operating cash flow (approximation) | €2,388 | €6,188 | €446 | €30,633 | €30,788 | -€2,279 | €17,273 | - |
| Investment in fixed assets (approximation) | - | €0 | -€180,000 | -€665 | €0 | €0 | -€38,752 | - |
| Change in cash | - | €3,068 | -€9,609 | €3,224 | -€1,666 | -€3,526 | €223 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 04-05-2026 | 2026-00101070 |
| 30-09-2024 | micro format | 07-04-2025 | 2025-00066039 |
| 30-09-2023 | micro format | 06-05-2024 | 2024-00083791 |
| 30-09-2022 | micro format | 03-05-2023 | 2023-00077537 |
| 30-09-2021 | micro format | 03-05-2022 | 2022-20018268 |
| 30-09-2020 | micro format | 30-03-2021 | 2021-09100177 |
| 30-09-2019 | micro format | 09-04-2020 | 2020-09000196 |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08400320 |
| 30-09-2017 | micro format | 04-04-2018 | 2018-09000244 |
| 30-09-2016 | full format | 03-04-2017 | 2017-08600384 |
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Of the 5,993 active companies whose main activity is agents in non-specialised wholesale trade (NACE 46190), figures are known for 2,585. 1,970 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.