Equity
SIMPLU has made a profit in every financial year since 2023.
SIMPLU has made a profit in every financial year since 2023.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €158,183 to €22,781.
Higher solvency than 91% of companies in construction of buildings. Sector median 52.5% · 346 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 92% of them on solvency, 96% on liquidity, 69% on profitability and 63% 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 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 39,278 companies had the same profile as SIMPLU has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIMPLU itself: 0.6% within 12 months.
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 39,278 companies, not a prediction for SIMPLU. 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.
Liquidity is ample, with a current ratio of 6.3 (1.74 in 2025), above the usual 1.5. Short-term debt is 13.8% and cash 39.7% of total assets. 13.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 54 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SIMPLU Ghent | €164,505 | €38,356 | 86.2% | - |
| AD STANDARD Ghent | €136,741 | €46,032 | 37.9% | - |
| NV DESIGN Lede | €161,297 | €44,189 | 35.4% | - |
| NEYT WOOD Laarne | €166,382 | €50,103 | 63.9% | - |
| Yildiray Ghent | €160,366 | €39,692 | 41.2% | - |
| JV Renovatie Beveren-Kruibeke-Zwijndrecht | €133,586 | €34,252 | 63.4% | - |
| DAMARI CONSTRUCT Sint-Pieters-Leeuw | €165,663 | €41,372 | 37.6% | - |
These companies have the same main activity as SIMPLU: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €134,000 and €166,000, founded between 2021 and 2022.
SIMPLU files the micro format. That format states no turnover. The gross margin fell from €42,273 in 2023 to €38,356 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €150,000 and €480,000.
Higher than 50% of 9,452 companies in 2025.
Higher than 51% of 9,200 companies in 2025.
Higher than 64% of 9,272 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
164,505 | 277,762 | 136,807 | 65,511 | |
20 |
- | - | - | 219 | |
21/28 |
20,913 | 2,930 | 33,676 | 2,192 | |
22/27 |
20,913 | 2,930 | 33,676 | 2,192 | |
23 |
1,045 | 1,874 | - | - | |
24 |
19,868 | 1,056 | 33,676 | 2,192 | |
29/58 |
143,592 | 274,832 | 103,131 | 63,100 | |
40/41 |
68,751 | 272,362 | 87,630 | 45,629 | |
40 |
60,817 | 270,192 | 74,613 | 39,144 | |
41 |
7,934 | 2,170 | 13,017 | 6,485 | |
54/58 |
65,277 | - | 13,984 | 17,128 | |
490/1 |
9,563 | 2,470 | 1,517 | 343 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
164,505 | 277,762 | 136,807 | 65,511 | |
10/15 |
141,723 | 119,579 | 83,021 | 26,842 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
10 |
- | 5,000 | 5,000 | 5,000 | |
100 |
- | 5,000 | 5,000 | 5,000 | |
13 |
500 | 500 | 500 | 500 | |
130/1 |
500 | 500 | 500 | 500 | |
130 |
- | 500 | 500 | 500 | |
1311 |
500 | - | - | - | |
14 |
136,223 | 114,079 | 77,521 | 21,342 | |
17/49 |
22,781 | 158,183 | 53,786 | 38,669 | |
42/48 |
22,781 | 158,183 | 53,786 | 38,669 | |
44 |
9,692 | 96,945 | 22,787 | 19,108 | |
440/4 |
9,692 | 96,945 | 22,787 | 19,108 | |
45 |
6,407 | 34,465 | 30,999 | 15,561 | |
450/3 |
6,407 | 23,705 | 22,899 | 8,461 | |
454/9 |
- | 10,760 | 8,100 | 7,100 | |
47/48 |
6,683 | 26,773 | - | 4,000 | |
| Income statement | |||||
9900 |
38,356 | 58,208 | 88,455 | 42,273 | |
630 |
7,805 | 2,086 | 9,283 | 1,499 | |
640/8 |
1,719 | 7,153 | 547 | 1,096 | |
9901 |
28,832 | 48,969 | 78,625 | 39,678 | |
75/76B |
- | - | 58 | 72 | |
75 |
- | - | 58 | 72 | |
65/66B |
280 | 3,145 | 8,065 | 5,447 | |
65 |
280 | 3,145 | 8,065 | 5,447 | |
9903 |
28,551 | 45,824 | 70,618 | 34,303 | |
67/77 |
6,407 | 9,266 | 14,439 | 8,461 | |
9904 |
22,145 | 36,558 | 56,179 | 25,842 | |
9905 |
22,145 | 36,558 | 56,179 | 25,842 | |
| Appropriation of the result | |||||
9906 |
136,223 | 114,079 | 77,521 | 25,842 | |
14P |
114,079 | 77,521 | 21,342 | - | |
691/2 |
- | - | - | 500 | |
6920 |
- | - | - | 500 | |
694/7 |
- | - | - | 4,000 | |
695 |
- | - | - | 4,000 | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 08-10-2026.
| Line | Trend | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| 36,636 | 51,055 | 87,908 | 41,177 | ||
| 29,950 | 38,644 | 65,462 | 27,341 | ||
| 25,788 | 2,487 | 40,548 | 3,000 | ||
| - | - | -3,144 | - | ||
| 120,811 | 116,649 | 49,345 | 24,431 | ||
| 86.2% | 43.1% | 60.7% | 41.0% | ||
| 6.30 | 1.74 | 1.92 | 1.63 | ||
| 0.16 | 1.32 | 0.65 | 1.44 | ||
| 15.6% | 30.6% | 67.7% | 96.3% | ||
| 13.5% | 13.2% | 41.1% | 39.4% | ||
| over 100 | 16.23 | 10.90 | 7.56 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 |
|---|---|---|---|---|
| Tangible fixed assets | €25,788 | €2,487 | €40,548 | €3,000 |
| €7,805 | €2,086 | €9,283 | €1,499 |
Source: notes to the 2023 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 41% lower than in 2025 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 56.9% to 13.8%. Equity is higher and debt is lower.
SIMPLU has no parent and no holdings in its annual accounts. DRUGA Sergiu is the only director.
| DA ISO ESTRICH
registered office since 30-01-2020 · founded in 2020 |
total assets €1.7m (2025) 0742.739.589 |
| MATEX BV
registered office since 27-04-2021 · founded in 2021 |
7 FTE (2025) 0767.536.947 |
| BUMMBA CONSTRUCT
registered office since 11-01-2022 · founded in 2022 |
3.2 FTE (2025) 0779.930.775 |
| LIVEVA BUILD
registered office since 08-04-2024 · founded in 2024 |
turnover €681,847 (2025) 1008.106.845 |
| JFC
registered office since 28-11-2016 · founded in 2016 |
total assets €594,155 (2025) 0666.747.910 |
| Fiduciaire NDJ
establishment since 25-11-2021 · founded in 1994 · accounts filed late |
total assets €526,808 (2024) 0452.047.021 |
| URSACHI CONSTRUCT
registered office since 30-01-2014 · founded in 2014 |
total assets €485,908 (2025) 0544.872.853 |
| And&Flor
registered office since 21-09-2020 · founded in 2020 |
total assets €463,380 (2025) 0754.667.819 |
| ADA RENOVATION
registered office since 09-02-2018 · founded in 2018 |
total assets €450,036 (2025) 0689.958.228 |
| STRATEGIUM
registered office since 24-10-2019 · founded in 2012 |
total assets €403,452 (2025) 0846.072.602 |
The connected companies are in the list below.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 23 May 2022, SIMPLU was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 DRUGA Sergiu is director of the company, appointed by deed of 25-05-2022.2 Total assets went from €65,511 in 2023 to €164,505 in 2026.3
| Establishment | Since | Unit number |
|---|---|---|
| Zwijnaardsesteenweg 44 registered office 9000 Ghent | ||
| Brusselsesteenweg 205 1730 Asse | 23-05-2022 | 2.331.610.081 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44808H0052/00R006 | 214 m² | 1 · 202 m² | 11.8 m · 3 |
| 23322C0403/00A002 | 62 m² | 1 · 32 m² | 9.1 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0786.469.862
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