Equity
-€14,002
Debts exceed assets in financial year 2025.
SIMSALA
Lifetime
3 annual accounts with figures on one time axispeak €89,795 (2023)
-€18,687▼ €99,726
lowest -€57,489 (2025)
-€57,489▼ €90,945
peak €43,487 (2024)
-€14,002▼ €57,489
€521,025▼ 1.5%
Board2 names since 2022
1 directorLOGGHE Simon Mieke Pol
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from €81,039 to -€18,687Loss of €57,489Equity from €43,487 to -€14,002Cash from €98,563 to €25,797
Key points
from the 2025 annual accountsResult
-€57,489 -€57,489
From profit to loss in 2025, after a profit of €33,456 in 2024.
Debts
€521,025 103% of the balance sheet
Financial debts 87%Suppliers 2%Taxes and wages 1%Other 10%
Of this, €69,992 falls due within a year.
Liquidity
1.05 was 2.33 in 2024
Short-term debts rose from €52,425 to €69,992.
Starting capital
€1,000 10,000 shares
Position in the sector
-€57,489
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 16% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.4%● unchanged vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€14,002
Loss of €57,489 (financial year 2025)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €507,022
Calculation
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 70, micro). It does better than 8% of them on solvency, 43% on liquidity, 9% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 490 companies had the same profile as SIMSALA has now. Each dot is one company, two years later.
88.8%
were still trading
3.9%
stopped another way
6.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SIMSALA itself is lower: 0.4% within 12 months. It rests on far more data about SIMSALA than the profile alone.
Test of the method
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 490 companies, not a prediction for SIMSALA. 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.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.05 (2.33 in 2024), below the usual 1.5. Short-term debt is 13.8% and cash 5.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€14,002
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 days early
2024
12 days early
2023
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 8 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0794774250
First establishment
Provinciebaan 104, Ledegem
Incorporation
Founding capital of €1,000, 10,000 shares · Founder: LOGGHE Simon Mieke Pol · Appointments: LOGGHE Simon Mieke Pol (statutory director) and Sarah CATTRYSSE (statutory director) · published on 16-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as SIMSALA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €451,000 and €583,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 14-12-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.339.752.5398880 Ledegem, since 28-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2024
Annual accounts 2025
- €507,022▼ 11.4%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on SIMSALA
SIMSALA files the micro format. That format states no turnover. The gross margin fell from €89,795 in 2023 to -€18,687 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIMSALA
- What is the company number of SIMSALA?
- The company number of SIMSALA is 0794.774.250. The VAT number is the same number with BE in front: BE 0794.774.250.
- Where is SIMSALA based?
- The registered office is at Provinciebaan 104, 8880 Ledegem.Company details
- What does SIMSALA do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of SIMSALA?
- SIMSALA is a private limited company (BV).
- When was SIMSALA founded?
- SIMSALA was founded on 14-12-2022.
- Is SIMSALA still active?
- Yes, SIMSALA is an active enterprise in the KBO register.
- What is the turnover of SIMSALA?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it. In financial year 2024 turnover was €135,286.Financials
- Is SIMSALA profitable?
- In financial year 2025, SIMSALA made a loss of €57,489.
- Where can I find the annual accounts of SIMSALA?
- SIMSALA filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIMSALA due?
- SIMSALA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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