Summary
SimplyConnect is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €40,736 and a net result of -€5,061. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 56% of 9873 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, micro schema
Equity
€40,736▼ 11.1%
2023 · €45,797
Net result
-€5,061▼ 377%
2023 · -€1,060
Total assets
€66,699▼ 19.4%
2023 · €82,781
Solvency
61.1%▲ 5.8pp
2023 · 55.3%
Trend over the years
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result turns negative in 2024: a loss of €3,960 after €794 in 2023, the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€3,960
2024
Net result-€5,061
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€66,699
2024
Equity€40,736
2024
Debt€25,963
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€27,756
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-7.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency61.1%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.42
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€12,542-€19,764▲ 57.6%€34,774▲ 75.9%€33,250▼ 4.4%€915▼ 97.2%€794▼ 13.3%-€3,960
Net result€9,980-€15,141▲ 51.7%€26,555within the sector's middle half▲ 75.4%€23,155within the sector's middle half▼ 12.8%€2below the sector's middle half▼ 100.0%-€1,060below the sector's middle half-€5,061below the sector's middle half▼ 377%
Equity€16,604-€16,745▲ 0.9%€26,299below the sector's middle half▲ 57.1%€46,855within the sector's middle half▲ 78.2%€46,857within the sector's middle half=€45,797within the sector's middle half▼ 2.3%€40,736within the sector's middle half▼ 11.1%
Total assets€20,784-€40,854▲ 96.6%€62,158below the sector's middle half▲ 52.1%€93,778below the sector's middle half▲ 50.9%€85,225below the sector's middle half▼ 9.1%€82,781below the sector's middle half▼ 2.9%€66,699below the sector's middle half▼ 19.4%
Debt€4,181-€24,109▲ 477%€35,859▲ 48.7%€46,923▲ 30.9%€38,368▼ 18.2%€36,984▼ 3.6%€25,963▼ 29.8%
Working capital€13,956-€14,145▲ 1.3%€13,402within the sector's middle half▼ 5.2%€35,001within the sector's middle half▲ 161%€35,027within the sector's middle half▲ 0.1%€35,077within the sector's middle half▲ 0.1%€27,756within the sector's middle half▼ 20.9%
Solvency79.9%-41.0%▼ 38.9pp42.3%within the sector's middle half▲ 1.3pp50.0%within the sector's middle half▲ 7.7pp55.0%within the sector's middle half▲ 5.0pp55.3%within the sector's middle half▲ 0.3pp61.1%within the sector's middle half▲ 5.8pp
Current ratio4.69-1.59▼ 3.111.37within the sector's middle half▼ 0.211.75within the sector's middle half▲ 0.372.87within the sector's middle half▲ 1.132.68within the sector's middle half▼ 0.192.42within the sector's middle half▼ 0.26
Return on assets (ROA)48.0%-37.1%▼ 11.0pp42.7%above the sector's middle half▲ 5.7pp24.7%above the sector's middle half▼ 18.0pp0.0%below the sector's middle half▼ 24.7pp-1.3%below the sector's middle half▼ 1.3pp-7.6%below the sector's middle half▼ 6.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66,699
Fixed assets
€19,362 ▼ 27.9%
Current assets
€47,337 ▼ 15.4%
Equity and liabilities €66,699
Equity
€40,736 ▼ 11.1%
Debt
€25,963 ▼ 29.8%
Debt's share of the balance-sheet total falls from 44.7% to 38.9%. Equity and debt are lower.
Key figures and ratios
ROE
-12.4%▼
2023 · -2.3%
Debt ≤ 1 year
€19,581▼
2023 · €20,854
Debt > 1 year
€6,382▼
2023 · €13,130
Income taxes
€788▼
2023 · €1,524
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €20 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €450 | €450 | €2,007 | €3,383 | €2,728 | €10,097 | €10,837 | ▲ 7.3% |
| Other operating charges640/8 | - | - | - | €772 | €2,466 | €958 | €651 | ▼ 32.0% |
| Gross operating margin9900 | €13,832 | €21,063 | €37,504 | €37,405 | €6,130 | €11,848 | €7,528 | ▼ 36.5% |
| Operating profit (loss)9901 | €12,542 | €19,764 | €34,774 | €33,250 | €915 | €794 | -€3,960 | ▼ 599% |
| Financial income75/76B | - | - | - | €20 | €430 | €584 | €687 | ▲ 17.7% |
| Recurring financial income75 | €885 | €750 | €353 | €20 | €430 | €584 | €687 | ▲ 17.7% |
| Financial charges65/66B | - | - | - | €108 | €393 | €914 | €1,000 | ▲ 9.4% |
| Recurring financial charges65 | €229 | €154 | €143 | €108 | €393 | €914 | €1,000 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €13,198 | €20,361 | €34,985 | €33,162 | €952 | €463 | -€4,273 | ▼ 1,022% |
| Income taxes67/77 | €3,218 | €5,220 | €8,430 | €10,007 | €950 | €1,524 | €788 | ▼ 48.3% |
| Profit (loss) for the period9904 | €9,980 | €15,141 | €26,555 | €23,155 | €2 | -€1,060 | -€5,061 | ▼ 377% |
| Profit (loss) for the period to be appropriated9905 | €9,980 | €15,141 | €26,555 | €23,155 | €2 | -€1,060 | -€5,061 | ▼ 377% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €20,784 | €40,854 | €62,158 | €93,778 | €85,225 | €82,781 | €66,699 | ▼ 19.4% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €3,050 | €2,600 | €12,897 | €11,854 | €31,490 | €26,849 | €19,362 | ▼ 27.9% |
| Tangible fixed assets22/27 | €2,250 | €1,800 | €12,097 | €11,054 | €30,690 | €26,049 | €18,562 | ▼ 28.7% |
| Plant, machinery and equipment23 | - | - | - | - | €821 | €3,047 | €4,985 | ▲ 63.6% |
| Furniture and vehicles24 | - | - | - | €2,861 | €23,205 | €15,139 | €7,072 | ▼ 53.3% |
| Other tangible fixed assets26 | - | - | - | €8,192 | €6,664 | €7,863 | €6,505 | ▼ 17.3% |
| Financial fixed assets28 | €800 | €800 | €800 | €800 | €800 | €800 | €800 | = |
| Current assets29/58 | €17,734 | €38,254 | €49,261 | €81,924 | €53,734 | €55,932 | €47,337 | ▼ 15.4% |
| Amounts receivable within one year40/41 | €9,392 | €21,688 | €30,402 | €46,962 | €24,467 | €43,564 | €31,197 | ▼ 28.4% |
| Trade receivables40 | - | - | - | €46,962 | €11,464 | €24,185 | €6,100 | ▼ 74.8% |
| Other amounts receivable41 | - | - | - | - | €13,003 | €19,379 | €25,097 | ▲ 29.5% |
| Cash at bank and in hand54/58 | €8,342 | €16,566 | €18,859 | €34,961 | €29,267 | €12,368 | €16,140 | ▲ 30.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €20,784 | €40,854 | €62,158 | €93,778 | €85,225 | €82,781 | €66,699 | ▼ 19.4% |
| Equity10/15 | €16,604 | €16,745 | €26,299 | €46,855 | €46,857 | €45,797 | €40,736 | ▼ 11.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €9,360 | €29,915 | €29,915 | €29,915 | €29,915 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €28,055 | €28,055 | €28,055 | €28,055 | = |
| Profit (loss) carried forward14 | €8,544 | €8,685 | €10,739 | €10,739 | €10,742 | €9,682 | €4,621 | ▼ 52.3% |
| Amounts payable17/49 | €4,181 | €24,109 | €35,859 | €46,923 | €38,368 | €36,984 | €25,963 | ▼ 29.8% |
| Amounts payable after more than one year17 | €403 | - | - | - | €19,661 | €13,130 | €6,382 | ▼ 51.4% |
| Financial debts170/4 | - | - | - | - | €19,661 | €13,130 | €6,382 | ▼ 51.4% |
| Amounts payable within one year42/48 | €3,778 | €24,109 | €35,859 | €46,923 | €18,707 | €20,854 | €19,581 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,321 | €6,531 | €6,748 | ▲ 3.3% |
| Trade debts44 | €838 | €10,965 | €7,446 | €20,083 | €1,834 | €3,660 | €2,449 | ▼ 33.1% |
| Suppliers440/4 | - | - | - | €20,083 | €1,834 | €3,660 | €2,449 | ▼ 33.1% |
| Taxes, remuneration and social security45 | - | - | - | €23,668 | €10,552 | €10,664 | €10,384 | ▼ 2.6% |
| Taxes450/3 | - | - | - | €23,668 | €10,552 | €10,664 | €10,384 | ▼ 2.6% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0 | - |
| Other amounts payable47/48 | - | - | - | €3,172 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €3,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,980 | €15,141 | €26,555 | €23,155 | €2 | -€1,060 | -€5,061 | ▼ 377% |
| + Depreciation and write-downs630 | €450 | €450 | €2,007 | €3,383 | €2,728 | €10,097 | €10,837 | ▲ 7.3% |
| Operating cash flow (approximation) | €10,430 | €15,591 | €28,562 | €26,538 | €2,731 | €9,037 | €5,776 | ▼ 36.1% |
| Investment in fixed assets (approximation) | - | €0 | -€12,304 | -€2,340 | -€22,364 | -€5,456 | -€3,349 | ▲ 38.6% |
| Change in cash | - | €8,224 | €2,293 | €16,102 | -€5,694 | -€16,900 | €3,773 | ▲ 122% |
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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