Simsek Suat
ActiveSummary
Simsek Suat has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,401 and a net result of -€27,898. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 7564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 14.27 against 4.26 in 2024; short-term debt: 3.6% and cash: 46.7% of total assets), and 3.6% 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 · 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 2025Solvency, return and age of the figures
Solvency
96.4%
Return on assets
-45.3%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year -€27,898
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
38 d early
2023
30 d early
2022
32 d early
2021
34 d early
2020
36 d early
2019
22 d early
← 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 32 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€59,401▼ 32.0%
2024 · €87,299
Total assets
€61,649▼ 39.1%
2024 · €101,253
Net result
-€27,898▼ 75.0%
2024 · -€15,943
Working capital
€29,828▼ 34.4%
2024 · €45,489
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,146▲ 21.0%€23,966▲ 8.2%€23,388▼ 2.4%-€14,606-€26,882▼ 84.0%
Net result€16,199▲ 15.0%€18,604▲ 14.8%€17,284▼ 7.1%-€15,943-€27,898▼ 75.0%
Equity€141,639▲ 12.9%€160,243▲ 13.1%€103,242▼ 35.6%€87,299▼ 15.4%€59,401▼ 32.0%
Total assets€174,790▲ 12.4%€187,260▲ 7.1%€200,561▲ 7.1%€101,253▼ 49.5%€61,649▼ 39.1%
Debt€33,151▲ 10.1%€27,016▼ 18.5%€97,318▲ 260%€13,953▼ 85.7%€2,248▼ 83.9%
Working capital€140,022▼ 1.0%€158,178▲ 13.0%€60,822▼ 61.5%€45,489▼ 25.2%€29,828▼ 34.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,882 in 2025 against €14,606 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,649
Fixed assets
€29,573 ▼ 29.3%
Current assets
€32,076 ▼ 46.0%
Equity and liabilities €61,649
Equity
€59,401 ▼ 32.0%
Debt
€2,248 ▼ 83.9%
Debt's share of the balance-sheet total falls from 13.8% to 3.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,645▼
2024 · -€2,369
Cash flow
-€15,661▼
2024 · -€3,706
Current ratio
14.27▲
2024 · 4.26
Debt to equity
0.04▼
2024 · 0.16
ROE
-47.0%▼
2024 · -18.3%
ROA
-45.3%▼
2024 · -15.7%
Interest coverage
-8.67▼
2024 · -1.77
Debt ≤ 1 year
€2,248▼
2024 · €13,953
Income taxes
€235
Staff costs
€403▼
2024 · €595
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,815 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,759 | - | - |
| Remuneration, social security and pensions62 | €4,326 | €1,013 | €2,432 | €595 | €403 | ▼ 32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,066 | €2,066 | €11,897 | €12,237 | €12,237 | = |
| Other operating charges640/8 | €662 | €914 | €370 | €567 | €386 | ▼ 31.9% |
| Gross operating margin9900 | €29,200 | €27,959 | €38,088 | -€1,207 | -€13,856 | ▼ 1,048% |
| Operating profit (loss)9901 | €22,146 | €23,966 | €23,388 | -€14,606 | -€26,882 | ▼ 84.0% |
| Financial income75/76B | - | - | €244 | - | €908 | - |
| Recurring financial income75 | - | - | €244 | - | €908 | - |
| Financial charges65/66B | €1,206 | €312 | €1,091 | €1,337 | €1,690 | ▲ 26.4% |
| Recurring financial charges65 | €1,206 | €312 | €1,091 | €1,337 | €1,690 | ▲ 26.4% |
| Profit (loss) for the period before taxes9903 | €20,940 | €23,654 | €22,541 | -€15,943 | -€27,664 | ▼ 73.5% |
| Income taxes67/77 | €4,741 | €5,050 | €5,256 | - | €235 | - |
| Profit (loss) for the period9904 | €16,199 | €18,604 | €17,284 | -€15,943 | -€27,898 | ▼ 75.0% |
| Profit (loss) for the period to be appropriated9905 | €16,199 | €18,604 | €17,284 | -€15,943 | -€27,898 | ▼ 75.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €174,790 | €187,260 | €200,561 | €101,253 | €61,649 | ▼ 39.1% |
| Fixed assets21/28 | €4,132 | €2,066 | €49,289 | €41,810 | €29,573 | ▼ 29.3% |
| Tangible fixed assets22/27 | €4,132 | €2,066 | €49,289 | €41,810 | €29,573 | ▼ 29.3% |
| Furniture and vehicles24 | €4,132 | €2,066 | €49,289 | €41,810 | €29,573 | ▼ 29.3% |
| Current assets29/58 | €170,659 | €185,194 | €151,272 | €59,442 | €32,076 | ▼ 46.0% |
| Amounts receivable within one year40/41 | €1,166 | €16,161 | €1,004 | €1,210 | €3,315 | ▲ 174% |
| Trade receivables40 | - | €5,846 | - | - | - | - |
| Other amounts receivable41 | €1,166 | €10,315 | €1,004 | €1,210 | €3,315 | ▲ 174% |
| Cash at bank and in hand54/58 | €169,492 | €169,033 | €150,267 | €58,232 | €28,761 | ▼ 50.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €174,790 | €187,260 | €200,561 | €101,253 | €61,649 | ▼ 39.1% |
| Equity10/15 | €141,639 | €160,243 | €103,242 | €87,299 | €59,401 | ▼ 32.0% |
| Contributions10/11 | €10,200 | €10,200 | €200 | €200 | €200 | = |
| Reserves13 | €59,017 | €59,017 | €59,017 | €59,017 | €59,017 | = |
| Non-distributable reserves130/1 | €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 | = |
| Distributable reserves133 | €57,157 | €57,157 | €57,157 | €57,157 | €57,157 | = |
| Profit (loss) carried forward14 | €72,422 | €91,026 | €44,025 | €28,082 | €184 | ▼ 99.3% |
| Amounts payable17/49 | €33,151 | €27,016 | €97,318 | €13,953 | €2,248 | ▼ 83.9% |
| Amounts payable after more than one year17 | €2,514 | - | €6,869 | - | - | - |
| Financial debts170/4 | €2,514 | - | €6,869 | - | - | - |
| Amounts payable within one year42/48 | €30,637 | €27,016 | €90,450 | €13,953 | €2,248 | ▼ 83.9% |
| Current portion of amounts payable after more than one year42 | €11,335 | €2,514 | €9,922 | €6,869 | - | - |
| Trade debts44 | €8,704 | €5,420 | €3,731 | €1,824 | €1,863 | ▲ 2.1% |
| Suppliers440/4 | €8,704 | €5,420 | €3,731 | €1,824 | €1,863 | ▲ 2.1% |
| Taxes, remuneration and social security45 | €8,947 | €13,593 | €31,423 | €5,260 | €385 | ▼ 92.7% |
| Taxes450/3 | €8,947 | €11,528 | €30,492 | €5,260 | €385 | ▼ 92.7% |
| Remuneration and social security454/9 | - | €2,065 | €930 | €0 | €0 | = |
| Other amounts payable47/48 | €1,650 | €5,489 | €45,374 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,199 | €18,604 | €17,284 | -€15,943 | -€27,898 | ▼ 75.0% |
| + Depreciation and write-downs630 | €2,066 | €2,066 | €11,897 | €12,237 | €12,237 | = |
| Operating cash flow (approximation) | €18,265 | €20,670 | €29,182 | -€3,706 | -€15,661 | ▼ 323% |
| Investment in fixed assets (approximation) | - | €0 | -€59,120 | -€4,759 | €0 | ▲ 100% |
| Change in cash | - | -€459 | -€18,766 | -€92,035 | -€29,471 | ▲ 68.0% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€27,898
Net result drops to -€27,898, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 14.27
Current ratio from 4.26 to 14.27; short-term debt falls from €13,953 to €2,248.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.26
Current ratio from 1.67 to 4.26; short-term debt falls from €90,450 to €13,953.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €18,604 ▲14.8%
Operating result €23,966, net result €18,604, both a record.
31-12
Financial
Equity above €150,000Eq €160,243 ▲13.1%
5 profitable years in a row build equity to €160,243.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Beringen · 1 establishment unit since 2008
Ground area
926 m²
Building footprint
214 m²
Volume, LiDAR
818 m³
Parcel 71005B1017/00H000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SIMSEK SUAT
since 20082.174.541.743
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005B1017/00H000 | Flanders | 926 m² | 1 · 214 m² | 6.7 m · 1 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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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,180 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
Founded05-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806172740
Also
9925:BE0806172740
Registered
12-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.