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SIMPLY

Active
Private limited companyfounded 20233 yrs activeCarton de Wiartlaan 38, 1090 Jette, BelgiumKBO/BCE: BE 0802.910.966
Summary

The computed 12-month bankruptcy probability of SIMPLY is 2.7% (moderate). The 2024 annual accounts show equity of €5,234 and a net result of -€1,544. Its solvency ranks better than 35% of 1930 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability8▼-92
Solvency55▼-36
Growth32
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.33 against 2.38 in 2023; short-term debt: 69.8% and cash: 3.7% of total assets), and 69.8% 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
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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
30.2%
Return on assets
-8.9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-11-2025, 93 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
93 d late
2023
68 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 81 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed 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

SIMPLY was incorporated on 20 June 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

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

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Financials · fiscal year 2024, micro schema

Equity
€5,234▼ 22.8%
2023 · €6,778
Total assets
€17,346▲ 67.8%
2023 · €10,336
Net result
-€1,544
2023 · €3,778
Working capital
€4,013▼ 18.5%
2023 · €4,923
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€5,164--€1,268
Net result€3,778within the sector's middle half--€1,544within the sector's middle half
Equity€6,778below the sector's middle half-€5,234below the sector's middle half▼ 22.8%
Total assets€10,336below the sector's middle half-€17,346below the sector's middle half▲ 67.8%
Debt€3,558-€12,112▲ 240%
Working capital€4,923-€4,013▼ 18.5%
Solvency65.6%within the sector's middle half-30.2%within the sector's middle half▼ 35.4pp
above within below the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,000€0€2,000€4,000€6,000Operating result 2023: €5,164€5,164Net result 2023: €3,778€3,778Operating result 2024: -€1,268-€1,268Net result 2024: -€1,544-€1,54420232024-€2,000€0€2,000€4,000€6,000Operating result 2023: €5,164€5,160Net result 2023: €3,778€3,780Operating result 2024: -€1,268-€1,270Net result 2024: -€1,544-€1,54020232024
The operating result turns negative in 2024: a loss of €1,268 after €5,164 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17,346
Fixed assets €1,222 ▼ 34.1%
Current assets €16,125 ▲ 90.1%
Equity and liabilities €17,346
Equity €5,234 ▼ 22.8%
Debt €12,112 ▲ 240%
Debt's share of the balance-sheet total rises from 34.4% to 69.8%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€635▼
2023 · €5,209
Cash flow
-€911▼
2023 · €3,823
Current ratio
1.33▼
2023 · 2.38
Debt to equity
2.31▲
2023 · 0.52
ROE
-29.5%▼
2023 · 55.7%
ROA
-8.9%▼
2023 · 36.6%
Interest coverage
-3.50▼
2023 · 491.46
Debt ≤ 1 year
€12,112▲
2023 · €3,558
Income taxes
€94▼
2023 · €1,375
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
5.8% stopped otherwise
92% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 2,148 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 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€10,336€17,346▲
Fixed assets21/28€1,855€1,222▼
Tangible fixed assets22/27€1,855€1,222▼
Furniture and vehicles24€1,855€1,222▼
Current assets29/58€8,482€16,125▲
Amounts receivable within one year40/41€6,133€15,485▲
Trade receivables40€6,133€15,464▲
Other amounts receivable41-€21
Cash at bank and in hand54/58€2,349€639▼
Equity and liabilities
Total equity and liabilities10/49€10,336€17,346▲
Equity10/15€6,778€5,234▼
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€3,778€2,234▼
Amounts payable17/49€3,558€12,112▲
Amounts payable within one year42/48€3,558€12,112▲
Trade debts44€1,228€3,496▲
Suppliers440/4€1,228€3,496▲
Taxes, remuneration and social security45€2,330€319▼
Taxes450/3€2,330€319▼
Other amounts payable47/48-€8,297
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45€633▲
Gross operating margin9900€5,209-€635▼
Operating profit (loss)9901€5,164-€1,268▼
Financial charges65/66B€11€181▲
Recurring financial charges65€11€181▲
Profit (loss) for the period before taxes9903€5,154-€1,450▼
Income taxes67/77€1,375€94▼
Profit (loss) for the period9904€3,778-€1,544▼
Profit (loss) for the period to be appropriated9905€3,778-€1,544▼
Appropriation of the result
Profit (loss) to be appropriated9906€3,778€2,234▼
Profit (loss) brought forward from the previous period14P-€3,778

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45€633▲ 1,304%
Gross operating margin9900€5,209-€635▼ 112%
Operating profit (loss)9901€5,164-€1,268▼ 125%
Financial charges65/66B€11€181▲ 1,610%
Recurring financial charges65€11€181▲ 1,610%
Profit (loss) for the period before taxes9903€5,154-€1,450▼ 128%
Income taxes67/77€1,375€94▼ 93.1%
Profit (loss) for the period9904€3,778-€1,544▼ 141%
Profit (loss) for the period to be appropriated9905€3,778-€1,544▼ 141%
Line20232024Change
Assets
Total assets20/58€10,336€17,346▲ 67.8%
Fixed assets21/28€1,855€1,222▼ 34.1%
Tangible fixed assets22/27€1,855€1,222▼ 34.1%
Furniture and vehicles24€1,855€1,222▼ 34.1%
Current assets29/58€8,482€16,125▲ 90.1%
Amounts receivable within one year40/41€6,133€15,485▲ 153%
Trade receivables40€6,133€15,464▲ 152%
Other amounts receivable41-€21-
Cash at bank and in hand54/58€2,349€639▼ 72.8%
Equity and liabilities
Total equity and liabilities10/49€10,336€17,346▲ 67.8%
Equity10/15€6,778€5,234▼ 22.8%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€3,778€2,234▼ 40.9%
Amounts payable17/49€3,558€12,112▲ 240%
Amounts payable within one year42/48€3,558€12,112▲ 240%
Trade debts44€1,228€3,496▲ 185%
Suppliers440/4€1,228€3,496▲ 185%
Taxes, remuneration and social security45€2,330€319▼ 86.3%
Taxes450/3€2,330€319▼ 86.3%
Other amounts payable47/48-€8,297-
Line20232024Change
Profit (loss) for the period9904€3,778-€1,544▼ 141%
+ Depreciation and write-downs630€45€633▲ 1,304%
Operating cash flow (approximation)€3,823-€911▼ 124%
Investment in fixed assets (approximation)-€0-
Change in cash--€1,709-

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
01-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 93 days late
2024
07-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
NBB filing
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, Jette · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
410 m²
Building footprint
139 m²
Volume, LiDAR
1,733 m³
Parcel 21464D0077/00S010, Brussels · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
SIMPLY
Carton de Wiartlaan 38, 1090 JetteRetail trade
since 20232.348.212.622
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21464D0077/00S010 Brussels 410 m² 1 · 139 m² 16.5 m · 4 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.

Similar companies · same sector, comparable size

Of 1,319 companies in sector 59111 we hold annual accounts for 688. 338 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
Founded20-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
59140Motion picture, video and television programme production, sound recording and music publishing activities
63910Web portal activities
73110Advertising agencies
73300Public relations and communication consultancy
74120Graphic design and visual communication
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802910966
Registered 10-01-2026

Register as of 27 September 2026 · Peppol Directory

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