SIMSEK
ActiveSIMSEK has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €47k and a net result of €-3k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency99▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 3.6 in 2023), and 36.7% of the assets are financed with debt.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
63.3%
Return on assets
-4%
Age of the figures
20 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
68 d late
2022
69 d late
2021
76 d late
2020
283 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€47k▼ 5.9%
2023 · €50k
2018: €35k
2019: €43k
2020: €48k
2021: €49k
2022: €39k
2023: €50k
2018 → 2024
Total assets
€75k▲ 8.1%
2023 · €69k
2018: €57k
2019: €59k
2020: €78k
2021: €73k
2022: €59k
2023: €69k
2018 → 2024
Net result
€-3k
2023 · €11k
2018: €16k
2019: €9k
2020: €4k
2021: €2k
2022: €-10k
2023: €11k
2018 → 2024
Working capital
€46k▼ 5.1%
2023 · €49k
2018: €32k
2019: €43k
2020: €46k
2021: €49k
2022: €39k
2023: €49k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€48k-€49k▲ 3.3%€39k▼ 19.6%€50k▲ 27.2%€47k▼ 5.9%
Operating result€14k-€2k▼ 86.5%€-10k€17k€2k▼ 89.4%
Net result€4k-€2k▼ 63.2%€-10k€11k€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75k
Fixed assets
€778▼ 37.5%
Current assets
€74k▲ 8.9%
Equity and liabilities €75k
Equity
€47k▼ 5.9%
Debt
€27k▲ 45.5%
The debt ratio rises from 27.2% to 36.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€2k▼
2023 · €18k
Cash flow
€-3k▼
2023 · €11k
Solvency
63.3%▼
2023 · 72.8%
Current ratio
2.70▼
2023 · 3.60
Quick ratio
2.58▼
2023 · 3.52
Debt / equity
0.58▲
2023 · 0.37
ROE
-6.3%▼
2023 · 21.4%
ROA
-4.0%▼
2023 · 15.5%
Interest coverage
0.56▼
2023 · 4.88
Debt
€27k▲
2023 · €19k
Debt ≤ 1 year
€27k▲
2023 · €19k
Income taxes
€761▼
2023 · €3k
Staff costs
€91k▲
2023 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€69k€75k▲
Fixed assets21/28€1k€778▼
Tangible fixed assets22/27€1k€778▼
Furniture and vehicles24€1k€778▼
Current assets29/58€68k€74k▲
Stocks and contracts in progress3€2k€3k▲
Stocks30/36€2k€3k▲
Amounts receivable within one year40/41€7k€26k▲
Trade receivables40€5k€23k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€58k€44k▼
Deferred charges and accrued income490/1€630€693▲
Equity and liabilities
Total equity and liabilities10/49€69k€75k▲
Equity10/15€50k€47k▼
Contributions10/11€16k€16k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€32k€29k▼
Amounts payable17/49€19k€27k▲
Amounts payable within one year42/48€19k€27k▲
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€9k€17k▲
Taxes450/3€3k€3k▲
Remuneration and social security454/9€7k€14k▲
Other amounts payable47/48€664-
Income statement
Code20232024
Remuneration, social security and pensions62€73k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€656€467▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€93k€96k▲
Operating profit (loss)9901€17k€2k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€13k€-2k▼
Income taxes67/77€3k€761▼
Profit (loss) for the period9904€11k€-3k▼
Profit (loss) for the period to be appropriated9905€11k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€29k▼
Profit (loss) brought forward from the previous period14P€21k€32k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
31-12
Financial
Weakest financial yearnet €-10k ▼717%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 283 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 374 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 136 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 221 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2014
Ground area
81 m²
Building footprint
59 m²
Volume, LiDAR
427 m³
Parcel 11346B0638/00L025, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Artonwalls
since 20142.232.279.707
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0638/00L025 | Flanders | 81 m² | 1 · 59 m² | 8.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 7,814 companies in sector 43341 we hold annual accounts for 2,638. 2,280 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-2014
Fiscal year end31-12
Activities, NACEBEL
43341Painting of buildings
43342Specialised construction activities
47526Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.