SIMSEK
ActiveSummary
SIMSEK has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,096 and a net result of €18,920. Equity has been growing by about 6.4% per year since 2018. Its solvency ranks better than 87% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-06-2014 Normal situation
- Activity
- Specialised construction activities NACE 43342and 2 others
- Establishment unit
- 2.232.279.707 2100 Antwerpen, since 01-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €136,814
- ▲ 43.1%
- Turnover
- ≈ €450,000
- estimated
- Profit
- €18,920
- Equity
- €66,096
- ▲ 40.1%
- Total assets
- €81,033
- ▲ 8.8%
- Employees on 31-12-2025
- 2
- =
- 2025 accounts filed 73 days after the deadline
Score breakdownraises riskLast filed accounts filed 73 days late; 3 of the last 3 accounts lateSize: total assets €81,033lowers riskLiquidity: current ratio 4.29, cash €41,439Equity €66,096 (81.6% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 90% of them on solvency, 92% on liquidity, 83% on profitability and 79% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 107 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 73 days after the deadline Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00554031.
Annual accounts 2025 filed on 12-10-2026 at the NBB all 11 filings
Every figure per financial year
The operating result for 2025 is over 13 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | 2 | 2 | 2 |
| full-time | 1 | - | 2 | 2 | 2 |
| in full-time equivalents | 1 | - | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 0.6 | 1.2 | 1.6 | 2 | 2 |
| On a permanent contract | - | - | 1 | 1 | 2 |
| Joined | 3 | 4 | 2 | 1 | - |
| Left | 3 | 5 | 0 | 1 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,066 | €1,901 | - | €18,182 |
| Depreciation and write-downs of the year | €750 | €2,533 | €656 | €467 | €1,982 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €492 | €24,121 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €42,312 | €16,203 | €37,986 | €72,769 | €90,806 | €107,075 | ▲ 17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,750 | €2,750 | €250 | €750 | €2,533 | €656 | €467 | €1,982 | ▲ 324% |
| Other operating charges640/8 | - | - | €2,120 | €2,974 | €1,196 | €2,076 | €2,510 | €3,840 | ▲ 53.0% |
| Gross operating margin9900 | €57,567 | €46,689 | €58,690 | €21,823 | €31,309 | €92,517 | €95,581 | €136,814 | ▲ 43.1% |
| Operating profit (loss)9901 | €23,313 | €9,096 | €14,008 | €1,896 | -€10,406 | €17,016 | €1,799 | €23,918 | ▲ 13× |
| Financial income75/76B | - | - | €0 | €14 | €9 | €0 | €0 | €2 | ▲ 38× |
| Recurring financial income75 | - | €110 | €0 | €14 | €9 | €0 | €0 | €2 | ▲ 38× |
| Financial charges65/66B | - | - | €381 | €347 | €1,873 | €3,622 | €4,022 | €3,521 | ▼ 12.5% |
| Recurring financial charges65 | €108 | €536 | €381 | €347 | €1,873 | €3,622 | €4,022 | €3,521 | ▼ 12.5% |
| Profit (loss) for the period before taxes9903 | €23,205 | €8,670 | €13,627 | €1,563 | -€12,270 | €13,394 | -€2,223 | €20,398 | - |
| Income taxes67/77 | €7,416 | - | €9,378 | - | -€2,634 | €2,679 | €761 | €1,478 | ▲ 94.2% |
| Profit (loss) for the period9904 | €15,789 | €8,670 | €4,249 | €1,563 | -€9,636 | €10,716 | -€2,984 | €18,920 | - |
| Profit (loss) for the period to be appropriated9905 | €15,789 | €8,670 | €4,249 | €1,563 | -€9,636 | €10,716 | -€2,984 | €18,920 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €57,423 | €58,610 | €78,261 | €73,069 | €58,639 | €68,944 | €74,503 | €81,033 | ▲ 8.8% |
| Fixed assets21/28 | €2,750 | - | €1,250 | - | - | €1,245 | €778 | €16,978 | ▲ 22× |
| Tangible fixed assets22/27 | €2,750 | - | €1,250 | - | - | €1,245 | €778 | €16,978 | ▲ 22× |
| Furniture and vehicles24 | - | - | €1,250 | - | - | €1,245 | €778 | €16,978 | ▲ 22× |
| Current assets29/58 | €54,673 | €58,610 | €77,011 | €73,069 | €58,639 | €67,698 | €73,725 | €64,055 | ▼ 13.1% |
| Stocks and contracts in progress3 | €98 | - | - | - | €1,656 | €1,656 | €3,142 | €1,169 | ▼ 62.8% |
| Stocks30/36 | - | - | - | - | €1,656 | €1,656 | €3,142 | €1,169 | ▼ 62.8% |
| Amounts receivable within one year40/41 | €18,760 | €15,714 | €22,493 | €21,873 | €1,982 | €7,102 | €25,695 | €20,583 | ▼ 19.9% |
| Trade receivables40 | - | - | - | €9,554 | - | €5,220 | €22,790 | €16,277 | ▼ 28.6% |
| Other amounts receivable41 | - | - | €22,493 | €12,319 | €1,982 | €1,882 | €2,905 | €4,306 | ▲ 48.2% |
| Cash at bank and in hand54/58 | €35,815 | €42,896 | €53,973 | €45,079 | €54,516 | €58,311 | €44,194 | €41,439 | ▼ 6.2% |
| Deferred charges and accrued income490/1 | - | - | €546 | €6,117 | €486 | €630 | €693 | €864 | ▲ 24.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €57,423 | €58,610 | €78,261 | €73,069 | €58,639 | €68,944 | €74,503 | €81,033 | ▲ 8.8% |
| Equity10/15 | €34,599 | €43,269 | €47,518 | €49,081 | €39,445 | €50,160 | €47,176 | €66,096 | ▲ 40.1% |
| Contributions10/11 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €16,539 | €25,209 | €29,458 | €31,021 | €21,385 | €32,100 | €29,116 | €48,036 | ▲ 65.0% |
| Amounts payable17/49 | €22,824 | €15,342 | €30,744 | €23,989 | €19,194 | €18,783 | €27,327 | €14,937 | ▼ 45.3% |
| Amounts payable within one year42/48 | €22,824 | €15,342 | €30,744 | €23,989 | €19,194 | €18,783 | €27,327 | €14,937 | ▼ 45.3% |
| Trade debts44 | €5,698 | €4,495 | €5,089 | €5,430 | €9,642 | €7,637 | €8,737 | €6,722 | ▼ 23.1% |
| Suppliers440/4 | - | - | €5,089 | €5,430 | €9,642 | €7,637 | €8,737 | €6,722 | ▼ 23.1% |
| Advances received on contracts in progress46 | - | - | - | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Taxes, remuneration and social security45 | - | - | €20,782 | €17,359 | €8,352 | €9,283 | €17,391 | €7,015 | ▼ 59.7% |
| Taxes450/3 | - | - | €12,670 | €5,693 | €2,193 | €2,683 | €3,130 | €4,085 | ▲ 30.5% |
| Remuneration and social security454/9 | - | - | €8,113 | €11,666 | €6,159 | €6,600 | €14,261 | €2,930 | ▼ 79.5% |
| Other amounts payable47/48 | - | - | €4,872 | - | - | €664 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,789 | €8,670 | €4,249 | €1,563 | -€9,636 | €10,716 | -€2,984 | €18,920 | - |
| + Depreciation and write-downs630 | €2,750 | €2,750 | €250 | €750 | €2,533 | €656 | €467 | €1,982 | ▲ 324% |
| Operating cash flow (approximation) | €18,539 | €11,420 | €4,499 | €2,313 | -€7,103 | €11,371 | -€2,517 | €20,902 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | €0 | -€18,182 | - |
| Change in cash | - | €7,081 | €11,077 | -€8,894 | €9,436 | €3,795 | -€14,117 | -€2,755 | ▲ 80.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as SIMSEK has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SIMSEK itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for SIMSEK. 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.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 12-10-2026 | 2026-00554031 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00510008 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00505981 | |
| 31-12-2022 | micro format | 08-10-2023 | 2023-00482774 | |
| 31-12-2021 | micro format | 15-10-2022 | 2022-20461473 | |
| 31-12-2020 | micro format | 10-05-2022 | 2022-20023540 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74500453 | |
| 31-12-2018 | micro format | 08-08-2020 | 2020-40200074 | |
| 31-12-2017 | micro format | 01-10-2018 | 2018-68600108 | |
| 31-12-2016 | abbreviated format | 14-12-2017 | 2017-71700059 |
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft kopers naar evenredigheid aantal, elke overdracht onder levenden bezwarend of kosteloos vrijwillig of…”
Articles of association, deed of 05-01-2024 (in Dutch)
Network & group
SIMSEK shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SIMSEK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-01
Gazette deed
Reappointment: SIMSEK Memet (director)Amendment of the articles · Capital conversion · Reserve release4 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege omgezet, artikel 39,§2,tweede lid wet 23-03-2019” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, beschikbaar voor uitkering” (deed in Dutch)
- Director reappointment, SIMSEK Memet (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
58 activities
- 1. Verhuur van eigen onroerend goed
- 2. Bemiddeling in en beheer van onroerend goed voor rekening van derden
- 3. Groot-en kleinhandel, import en export, handelsbemiddeling in machines, meubelen, geschenkartikelen, bouwmaterialen, voeding, parfums, cosmetica, verf, vinyl, tapijt en binnendecoratie, enz.
- 4. Restaurants van het traditionele type, Fast food-zaken, snackbars, frituren en dergelijke, drankgelegenheden, hotels
- 5. Industriële reiniging, schoonmaakbedrijf, car-wash
- 6. Industriële schilderwerken
- 7. Administratiekantoor, vertaaldiensten en tolken, overige adviesbureaus op het gebied van bedrijfsvoering en beheer - Overige activiteiten i.v.m. administratie, n.e.g - Overige zakelijke dienstverlening, n.e.g.
- 8. Verhuur van overige roerende goederen
- 9. Verhuur van videocassettes en —banden (videotheek)
- 10. Telefoonwinkel + irrternetcafé + verkoop van prepaid kaarten
- 11. Kleinhandel in elektrische huishoudapparaten en in audio-en videoapparatuur
- 12. De groot en kleinhandel in elektronische apparaten zoals : hi-fi installaties, gsm's, T.V's, koelkasten,...
- 13. De uitbating van een algemene supermarkt alsook de handel, de verkoop in groothandel of in kleinhandel, de vertegenwoordiging, de distributie, de dienst, de verpakking, de import, de export, de makelarij, de vervaardiging van alle voedingswaren of levensmiddelen alsook alles wat betrekking heeft op de algemene voeding, waaronder onder meer, en dit zonder limitatief te kunnen geïnterpreteerd te worden producten van suikergoed, tabakswaren, koffie, thee, dranken, groenten en fruit, zuivelproducten, wild en gevogelte.
- 14. De uitbating van een benzinestation
- 15. Nachtwinkel, Krantenwinkel, Schoenenwinkel
- 16. Kapsalon
- 17. Vervoersbemiddeling
- 18. Logistiek management, expeditie, distributie en transport, Nationaal en internationaal goederenvervoer over de weg, zowel voor eigen rekening als voor rekening voor derden - het opslaan en verhandelen van handelsgoederen + verpakkingsdiensten - het vervullen van alle administratieve formaliteiten inzake goederenvervoer, zowel voor eigen rekening als voor rekening van derden — Koerierdiensten -Verhuur van vrachtwagens niet chauffeur
- 19. Bakker
- 20. Slagerij, helal slachting, uitbeenden, slachten, inpakken
- 21. Alle Renovatiewerken, Alle elektriciteitswerken,
- 22. Onderneming voor het leggen van tegelvloeren en mozaïek
- 23. Onderneming voor het plaatsen van alle wand- en vloerbekledingen
- 24. Onderneming voor het uitvoeren van voegwerken
- 25. Onderneming voor het aanbrengen van chape
- 26. Onderneming voor geluids- en warmte isolering
- 27. Onderneming voor het plaatsen van ventilatie en verluchting, van verwarming met warme lucht, van luchtmengeling van industriële pijpleidingen
- 28. Onderneming voor het plaatsen van verlichting, drijfkracht, telefoon, centrale verwarming met water en stoom, scheidingswanden en valse plafonds uitgezonderd deze in hout
- 29. Onderneming voor het optrekken van gebouwen (ruwbouw en onderdak zetten)
- 30. Groothandel in ijzerwaren,
- 31. De aanleg van telecommunicatielijnen en —netten
- 32. De aanleg van leidingen voor het vervoer en de distributie van elektrische energie
- 33. De aanleg van pijpleidingen voor het vervoer van gas, petroleumproducten
- 34. De aanleg van waterdistributienetten en rioleringen
- 35. Bouwbedrijf, stukadoorwerken, terras, klinkers, tuinwerken, metaalconstructies
- 36. Het aanbrengen van pleister- en stukadoorswerk (inclusief het aanbrengen van een hechtgrond) aan de binnen- of buitenzijde van gebouwen en andere bouwwerken
- 37. Het plaatsen van schermen ter bescherming van de thermische isolatie tegen vocht, die de aanvulling zijn van schrijn--en timmerwerken.
- 38. Geringe herstellingswerken noodzakelijk voor de uitvoering van werken die behoren tot andere beroepen.
- 39. Groothandel en kleinhandel in onderdelen en accessoires van auto’s. Import en export van nieuwe-of-tweedehandsvoertuigen en dit zowel voor de binnenlandse als voor de buitenlandse markt. Alle activiteiten m,b.b. garagehouder, hersteller.
- 1. De aan- en verkoop van leder- en textielwaren
- 2. De groot- en kleinhandel in dranken
- 3. Onderneming voor het aanleggen van speelpleinen, sportvelden, parken en tuinen voor het snijden en snoeien van bomen, groothandel in bloemen en planten, tuinbouwbedrijf, aannemer tuinwerk;
- 4. Kweekbedrijf voor wild en gevogelte
- 5. Kleinhandel in ijzerwaren, verf en bouwmaterialen ( inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m²
- 6. Het beheer en de exploitatie van sportcentra die kunnen gebruikt worden voor de beoefening van diverse sporten en disciplines
- 7. Gevelreiniging door middel van zandstralen, met behulp van stoom, enz. - Overige werkzaamheden in verband met de afwerking van gebouwen, n.e.g.
- 8. Industriële straal & schilderwerken
- 9. De exploitatie van taxi's - De verhuur van personenauto's met chauffeur.
- 10. Industriële wasserijen, ververijen en dergelijke - Wassen, chemisch reinigen, persen, strijken, bleken, verven, enz., van textielartikelen en kleding voor bedrijven of andere grootgebruikers en voor depothouders die wasgoed van particulieren aanvaarden - Het ophalen en bezorgen van de was - Het reinigen van tapijten en gordijnen - De diensten die door wasserettes en automatische wassalons verleend worden - Wasserettes, behandeling van was en reiniging van kleding ten behoeve van particulieren -.De behandeling (ophalen, wassen, strijken, thuisbezorgen, enz.) op niet-industriële schaal van wasgoed en de reiniging van kleding, overwegend ten behoeve van particulieren.
- 11. De vervaardiging van toestellen van mechanische therapie, toestellen voor massage, toestellen voor psychotechniek, toestellen voor ozontherapie, voor oxygeentherapie, toestellen voor kunstmatige ademhaling.
- 12. De montage van buiten en binnen schrijnwerk in metaal : deuren, vensters, kozijnen, trappen, muurkasten, inbouwkeukens, winkelinrichtingen, enz.
- 13. De installatie van geblindeerde deuren en brandwerende deuren in metaal.
- 14. Overige groothandel
- 15. Gegevensverwerking, web hosting en aanverwante activiteiten.
- 16. Vervaardiging van deuren, ramen, kozijnen, luiken, …
- 17. De vervaardiging van niet-elektrische panelen voor het opvangen van zonne-energie
- 18. Overige adviesbureaus op het gebied van bedrijfsvoering en beheer.
- 19. Broodjeszaak
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0553.675.604
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11346B0638/00L025 | Flanders | 81 m² | 1 · 59 m² | 8.5 m · 3 |