Simplycure (0665.835.813): financials and annual accounts

Simplycure

Watermael-Boitsfort ·KBO/BCE: BE 0665.835.813

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Balance sheet: assets
Total assets`20/58`	3.2m	789,779	891,827	294,551	270,479	532,027	65,163	14,317	11,120	15,079
Fixed assets`21/28`	466,626	291,534	335,774	12,062	11,402	10,049	1,357	1,840	-	-
Intangible fixed assets`21`	433,991	282,488	327,090	1,226	2,993	5,143	767	1,250	-	-
Tangible fixed assets`22/27`	20,315	5,257	4,893	7,045	4,619	4,316	-	-	-	-
Furniture and vehicles`24`	19,162	3,905	3,344	5,298	2,674	4,316	-	-	-	-
Other tangible fixed assets`26`	1,153	1,351	1,549	1,747	1,945	-	-	-	-	-
Financial fixed assets`28`	12,320	3,790	3,790	3,790	3,790	590	590	590	-	-
Current assets`29/58`	2.8m	498,245	556,053	282,489	259,077	521,978	63,807	12,477	11,120	15,079
Stocks and contracts in progress`3`	603,743	350,000	179,000	121,000	55,000	87,598	10,838	-	-	-
Stocks`30/36`	603,743	350,000	179,000	121,000	55,000	87,598	10,838	-	-	-
Amounts receivable within one year`40/41`	394,684	75,328	362,354	22,156	83,933	199,042	26,388	6,445	3,574	4,168
Trade receivables`40`	384,443	67,496	343,259	-	66,301	137,149	26,050	6,445	1,679	1,749
Other amounts receivable`41`	10,240	7,832	19,096	22,156	17,632	61,893	338	-	1,895	2,419
Current investments`50/53`	1.5m	-	-	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	279,487	72,835	13,971	139,334	118,644	232,386	26,504	6,032	7,546	10,906
Deferred charges and accrued income`490/1`	75	82	728	-	1,500	2,953	77	-	-	5
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.2m	789,779	891,827	294,551	270,479	532,027	65,163	14,317	11,120	15,079
Equity`10/15`	2.2m	-113,672	271	-226,117	-254,513	238,791	-24,466	5,306	8,964	13,004
Contributions`10/11`	3.8m	1.5m	1.5m	1.3m	718,600	718,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600
Contributions outside capital`11`	-	-	-	-	-	718,600	-	-	-	-
Share premium`1100/10`	-	-	-	-	-	718,600	-	-	-	-
Profit (loss) carried forward`14`	-1.6m	-1.6m	-1.5m	-1.5m	-973,113	-479,809	-43,066	-13,294	-9,636	-5,596
Amounts payable`17/49`	1.1m	903,451	891,556	520,668	524,992	293,236	89,630	9,011	2,156	2,075
Amounts payable after more than one year`17`	125,001	262,909	262,790	325,000	325,000	25,000	25,000	-	-	-
Financial debts`170/4`	125,001	262,909	262,790	325,000	325,000	25,000	25,000	-	-	-
Amounts payable within one year`42/48`	945,233	640,542	628,765	195,668	199,992	268,236	64,630	9,011	2,156	2,075
Current portion of amounts payable after more than one year`42`	97,908	62,091	62,210	-	-	-	-	-	-	-
Financial debts`43`	-	250,000	100,000	100,000	-	-	-	-	-	-
Credit institutions`430/8`	-	250,000	100,000	100,000	-	-	-	-	-	-
Trade debts`44`	756,424	255,770	397,647	-	159,721	224,368	26,663	4,894	2,156	2,075
Suppliers`440/4`	756,424	255,770	397,647	-	159,721	217,896	24,606	3,288	1,352	2,075
Bills of exchange payable`441`	-	-	-	-	-	6,472	2,057	1,606	804	-
Advances received on contracts in progress`46`	1,210	-	-	36,892	-	-	-	-	-	-
Taxes, remuneration and social security`45`	62,954	39,859	35,225	22,997	5,027	9,566	2,075	183	-	-
Taxes`450/3`	51,844	21,927	8,730	440	2,407	1,321	-	183	-	-
Remuneration and social security`454/9`	11,110	17,932	26,495	22,556	2,619	8,245	2,075	-	-	-
Other amounts payable`47/48`	26,737	32,821	33,684	35,779	35,244	34,301	35,892	3,934	-	-
Income statement
Gross operating margin`9900`	392,694	124,411	262,066	-344,041	-340,469	-353,832	-19,821	-3,434	-3,417	-7,651
Remuneration, social security and pensions`62`	265,416	120,969	149,136	206,376	134,514	64,277	6,243	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	77,102	72,539	7,059	4,473	3,826	2,373	1,633	1,250	-	1,075
Other operating charges`640/8`	1,939	1,148	3,807	1,880	2,298	818	479	-	-	-
Non-recurring operating charges`66A`	-	-	-	-	90	470	-	-	-	-
Operating profit (loss)`9901`	48,237	-70,246	102,064	-556,770	-481,197	-421,770	-28,177	-4,684	-3,417	-8,726
Financial income`75/76B`	-	-	0	10,000	521	-	190	1,500	-	3,142
Recurring financial income`75`	-	-	0	10,000	521	-	190	1,500	-	3,142
Financial charges`65/66B`	98,980	43,663	25,775	24,833	12,589	14,972	1,786	474	623	12
Recurring financial charges`65`	98,980	43,663	25,775	24,833	10,845	10,405	1,786	474	623	12
Non-recurring financial charges`66B`	-	-	-	-	1,744	4,567	-	-	-	-
Profit (loss) for the period before taxes`9903`	-50,744	-113,909	76,289	-571,604	-493,266	-436,742	-29,772	-3,658	-4,040	-5,596
Income taxes`67/77`	-	34	-	-	38	-	-	-	-	-
Profit (loss) for the period`9904`	-50,744	-113,943	76,289	-571,604	-493,304	-436,742	-29,772	-3,658	-4,040	-5,596
Profit (loss) for the period to be appropriated`9905`	-50,744	-113,943	76,289	-571,604	-493,304	-436,742	-29,772	-3,658	-4,040	-5,596
Appropriation of the result
Profit (loss) to be appropriated`9906`	-1.6m	-1.6m	-1.5m	-1.5m	-973,113	-479,809	-43,066	-13,294	-9,636	-5,596
Profit (loss) brought forward from the previous period`14P`	-1.6m	-1.5m	-1.5m	-973,113	-479,809	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	6.6	1	5	-	5.1	3.2	-	-	-	-
Hours worked`1013`	-	-	-	-	7,965	3,805	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	11-08-2026	2026-00395387	PDF
31-12-2024	full format	19-09-2025	2025-00498187	PDF
31-12-2023	full format	29-08-2024	2024-00417140	PDF
31-12-2022	micro format	22-08-2023	2023-00350779	PDF
31-12-2021	micro format	12-10-2022	2022-20460803	PDF
31-12-2020	micro format	29-11-2021	2021-78700260	PDF
31-12-2019	micro format	01-10-2020	2020-57800065	PDF
31-12-2018	micro format	26-08-2019	2019-50600272	PDF
31-12-2017	micro format	27-08-2018	2018-50300538	PDF
31-12-2016	micro format	04-08-2017	2017-41100017	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EBITDA	125,339	2,294	109,123	-552,297	-477,370	-419,397	-26,543	-3,434	-	-7,651
Cash flow	26,359	-41,404	83,348	-567,130	-489,478	-434,369	-28,139	-2,408	-	-4,521
Investment in fixed assets	252,194	28,300	330,771	5,133	5,180	11,065	1,150	3,090	-	-
Change in cash	206,652	58,864	-125,363	20,690	-113,742	205,882	20,472	-1,514	-3,360	-
Working capital	1.8m	-142,297	-72,712	86,822	59,085	253,743	-823	3,466	8,964	13,004
Solvency	67.0%	-14.4%	0.0%	-76.8%	-94.1%	44.9%	-37.5%	37.1%	80.6%	86.2%
Current ratio	2.94	0.78	0.88	1.44	1.30	1.95	0.99	1.38	5.16	7.27
Quick ratio	2.30	0.23	0.60	0.83	1.02	1.62	0.82	1.38	5.16	7.27
Debt to equity	0.49	-	-	-	-	1.23	-	1.70	0.24	0.16
ROE	-2.3%	-	-	-	-	-182.9%	-	-68.9%	-45.1%	-43.0%
ROA	-1.6%	-14.4%	8.6%	-194.1%	-182.4%	-82.1%	-45.7%	-25.6%	-36.3%	-37.1%
Interest coverage	1.27	0.05	4.23	-22.24	-44.02	-	-	-	-	-

Item	31-12-2021
Employees at the balance-sheet date	3
full-time	3
in full-time equivalents	3
Average over the year, in full-time equivalents	5.1
On a permanent contract	2
Joined	11
Left	12

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€20,394	€3,064	€962	€5,133	€1,980
Intangible fixed assets	€223,269	€25,236	€329,809	-	-
Financial fixed assets	€8,530	-	-	-	€3,200
Depreciation and write-downs of the year	€77,102	€72,539	€7,059	€4,473	€3,826

Simplycure

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency67.0%

Current ratio2.94

Return on assets-1.6%

Staff

Staff cost per FTE€40,215

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on Simplycure

Next steps