SIMPSON
ActiveSummary
The computed 12-month bankruptcy probability of SIMPSON is 2.0% (moderate). The 2025 annual accounts show equity of €117,664 and a net result of -€26,653. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 3770 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity short (current ratio 0.49 against 4.18 in 2024; short-term debt: 18.4% and cash: 6.5% of total assets), and 20.6% 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○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€26,653
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
27 d late
2021
27 d late
2020
30 d late
2019
85 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
€117,664▼ 24.1%
2024 · €154,984
Total assets
€148,149▼ 8.6%
2024 · €162,157
Net result
-€26,653▲ 15.1%
2024 · -€31,388
Working capital
-€13,961
2024 · €12,711
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service 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
Line20212022202320242025
Operating result-€6,928▲ 74.1%-€1,436▲ 79.3%-€32,052▼ 2,131%-€34,174▼ 6.6%-€26,573▲ 22.2%
Net result-€7,750below the sector's middle half▲ 71.9%-€3,031within the sector's middle half▲ 60.9%-€16,757below the sector's middle half▼ 453%-€31,388below the sector's middle half▼ 87.3%-€26,653below the sector's middle half▲ 15.1%
Equity€206,160above the sector's middle half▼ 3.6%€203,129above the sector's middle half▼ 1.5%€186,372above the sector's middle half▼ 8.2%€154,984above the sector's middle half▼ 16.8%€117,664within the sector's middle half▼ 24.1%
Total assets€234,425above the sector's middle half▲ 5.6%€230,829within the sector's middle half▼ 1.5%€201,955within the sector's middle half▼ 12.5%€162,157within the sector's middle half▼ 19.7%€148,149within the sector's middle half▼ 8.6%
Debt€28,265▲ 254%€27,700▼ 2.0%€15,584▼ 43.7%€7,173▼ 54.0%€30,486▲ 325%
Working capital€30,808within the sector's middle half▼ 10.9%€36,349within the sector's middle half▲ 18.0%€33,161within the sector's middle half▼ 8.8%€12,711within the sector's middle half▼ 61.7%-€13,961within the sector's middle half
Solvency87.9%above the sector's middle half▼ 8.5pp88.0%above the sector's middle half▲ 0.1pp92.3%above the sector's middle half▲ 4.3pp95.6%above the sector's middle half▲ 3.3pp79.4%above the sector's middle half▼ 16.2pp
Current ratio2.62above the sector's middle half▼ 5.572.51above the sector's middle half▼ 0.113.67above the sector's middle half▲ 1.164.18above the sector's middle half▲ 0.510.49below the sector's middle half▼ 3.69
Return on assets (ROA)-3.3%below the sector's middle half▲ 9.1pp-1.3%within the sector's middle half▲ 2.0pp-8.3%within the sector's middle half▼ 7.0pp-19.4%below the sector's middle half▼ 11.1pp-18.0%below the sector's middle half▲ 1.4pp
Staff (FTE)2=
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,573 in 2025 against €34,174 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,149
Fixed assets
€134,797 ▼ 7.3%
Current assets
€13,352 ▼ 20.1%
Equity and liabilities €148,149
Equity
€117,664 ▼ 24.1%
Debt
€30,486 ▲ 325%
Debt's share of the balance-sheet total rises from 4.4% to 20.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,924▲
2024 · -€23,237
Cash flow
-€16,004▲
2024 · -€20,451
Debt to equity
0.26▲
2024 · 0.05
ROE
-22.7%▼
2024 · -20.3%
Interest coverage
-197.22▼
2024 · -51.90
Debt ≤ 1 year
€27,313▲
2024 · €4,000
Debt > 1 year
€3,173=
2024 · €3,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 5,834 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €46,561 | €81,970 | €55,049 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,650 | €14,230 | €13,421 | €10,937 | €10,649 | ▼ 2.6% |
| Other operating charges640/8 | €16,013 | €8,856 | €9,964 | €9,630 | €9,608 | ▼ 0.2% |
| Gross operating margin9900 | €71,297 | €103,619 | €46,382 | -€13,607 | -€6,316 | ▲ 53.6% |
| Operating profit (loss)9901 | -€6,928 | -€1,436 | -€32,052 | -€34,174 | -€26,573 | ▲ 22.2% |
| Financial income75/76B | €742 | €669 | €17,274 | €3,234 | - | - |
| Recurring financial income75 | €742 | €669 | €547 | €3,234 | - | - |
| Non-recurring financial income76B | - | - | €16,727 | - | - | - |
| Financial charges65/66B | €1,564 | €2,263 | €1,980 | €448 | €81 | ▼ 82.0% |
| Recurring financial charges65 | €1,564 | €2,263 | €1,980 | €448 | €81 | ▼ 82.0% |
| Profit (loss) for the period before taxes9903 | -€7,750 | -€3,031 | -€16,757 | -€31,388 | -€26,653 | ▲ 15.1% |
| Profit (loss) for the period9904 | -€7,750 | -€3,031 | -€16,757 | -€31,388 | -€26,653 | ▲ 15.1% |
| Profit (loss) for the period to be appropriated9905 | -€7,750 | -€3,031 | -€16,757 | -€31,388 | -€26,653 | ▲ 15.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €234,425 | €230,829 | €201,955 | €162,157 | €148,149 | ▼ 8.6% |
| Fixed assets21/28 | €184,654 | €170,424 | €156,383 | €145,446 | €134,797 | ▼ 7.3% |
| Intangible fixed assets21 | €1,742 | €1,015 | €288 | - | - | - |
| Tangible fixed assets22/27 | €182,174 | €168,671 | €155,976 | €145,327 | €134,678 | ▼ 7.3% |
| Land and buildings22 | €132,520 | €125,783 | €119,454 | €115,170 | €110,887 | ▼ 3.7% |
| Other tangible fixed assets26 | €49,653 | €42,888 | €36,522 | €30,157 | €23,792 | ▼ 21.1% |
| Financial fixed assets28 | €739 | €739 | €119 | €119 | €119 | = |
| Current assets29/58 | €49,771 | €60,405 | €45,572 | €16,711 | €13,352 | ▼ 20.1% |
| Stocks and contracts in progress3 | €3,022 | €4,493 | - | - | - | - |
| Stocks30/36 | €3,022 | €4,493 | - | - | - | - |
| Amounts receivable within one year40/41 | €13,793 | €21,831 | €22,709 | €2,380 | €2,380 | = |
| Other amounts receivable41 | €13,793 | €21,831 | €22,709 | €2,380 | €2,380 | = |
| Cash at bank and in hand54/58 | €28,591 | €30,769 | €20,459 | €11,926 | €9,567 | ▼ 19.8% |
| Deferred charges and accrued income490/1 | €4,364 | €3,312 | €2,404 | €2,405 | €1,405 | ▼ 41.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €234,425 | €230,829 | €201,955 | €162,157 | €148,149 | ▼ 8.6% |
| Equity10/15 | €206,160 | €203,129 | €186,372 | €154,984 | €117,664 | ▼ 24.1% |
| Contributions10/11 | €34,705 | €34,705 | €34,705 | €34,705 | €34,705 | = |
| Capital10 | €34,705 | €34,705 | €34,705 | €34,705 | - | - |
| Issued capital100 | €34,705 | €34,705 | €34,705 | €34,705 | - | - |
| Outside capital11 | - | - | - | - | €34,705 | - |
| Other1109/19 | - | - | - | - | €34,705 | - |
| Reserves13 | €15,227 | €15,227 | €15,227 | €15,227 | €15,227 | = |
| Non-distributable reserves130/1 | €3,471 | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Legal reserve130 | €3,471 | €3,471 | €3,471 | €3,471 | €3,471 | = |
| Distributable reserves133 | €11,756 | €11,756 | €11,756 | €11,756 | €11,756 | = |
| Profit (loss) carried forward14 | €156,228 | €153,197 | €136,440 | €105,052 | €67,732 | ▼ 35.5% |
| Amounts payable17/49 | €28,265 | €27,700 | €15,584 | €7,173 | €30,486 | ▲ 325% |
| Amounts payable after more than one year17 | €9,303 | €3,645 | €3,173 | €3,173 | €3,173 | = |
| Financial debts170/4 | €6,130 | €472 | - | - | - | - |
| Other amounts payable178/9 | €3,173 | €3,173 | €3,173 | €3,173 | €3,173 | = |
| Amounts payable within one year42/48 | €18,963 | €24,056 | €12,410 | €4,000 | €27,313 | ▲ 583% |
| Current portion of amounts payable after more than one year42 | €7,376 | €9,097 | €2,622 | - | - | - |
| Financial debts43 | - | - | €3,471 | - | - | - |
| Credit institutions430/8 | - | - | €3,471 | - | - | - |
| Trade debts44 | €1,418 | €5,438 | €2,645 | - | €400 | - |
| Suppliers440/4 | €1,418 | €5,438 | €2,645 | - | €400 | - |
| Taxes, remuneration and social security45 | €6,592 | €6,195 | €3,672 | - | - | - |
| Taxes450/3 | €690 | €2,328 | - | - | - | - |
| Remuneration and social security454/9 | €5,901 | €3,866 | €3,672 | - | - | - |
| Other amounts payable47/48 | €3,577 | €3,327 | - | €4,000 | €26,913 | ▲ 573% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,750 | -€3,031 | -€16,757 | -€31,388 | -€26,653 | ▲ 15.1% |
| + Depreciation and write-downs630 | €15,650 | €14,230 | €13,421 | €10,937 | €10,649 | ▼ 2.6% |
| Operating cash flow (approximation) | €7,900 | €11,199 | -€3,336 | -€20,451 | -€16,004 | ▲ 21.7% |
| Investment in fixed assets (approximation) | - | €0 | €620 | €0 | €0 | - |
| Change in cash | - | €2,178 | -€10,311 | -€8,533 | -€2,359 | ▲ 72.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€31,388
Net result drops to -€31,388, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 87 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ukkel
Ground area
342 m²
Building footprint
115 m²
Volume, LiDAR
750 m³
Parcel 21618B0337/00Z007, Brussels · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0337/00Z007 | Brussels | 342 m² | 1 · 115 m² | 14.1 m · 2 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.
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WAI WAH
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Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 9,392 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 (pre-2019)
Founded04-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435532374
Also
9925:BE0435532374
Registered
16-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.