SIMSEK TRANS
InactiveSIMSEK TRANS was declared bankrupt on 14-12-2021 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 23-05-2023, published in the Belgian State Gazette on 26-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-10-2021, 88 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
88 d late
2019
111 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 100 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€124,948▼ 32.9%
2018 · €186,076
EBIT margin
-8.6%▼ 12.7pp
2018 · 4.1%
Net result
-€6,967▲ 44.2%
2019 · -€12,475
Working capital
€14,068▲ 161%
2019 · €5,399
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
Line201820192020
Turnover€186,076-€124,948▼ 32.9%
Operating result€7,617--€10,797-€6,967▲ 35.5%
Net result€4,522--€12,475-€6,967▲ 44.2%
EBIT margin4.1%--8.6%▼ 12.7pp
Equity€10,722--€1,753-€8,721▼ 397%
Total assets€56,400-€56,797▲ 0.7%€52,828▼ 7.0%
Debt€45,678-€58,550▲ 28.2%€61,549▲ 5.1%
Working capital-€1,462-€5,399€14,068▲ 161%
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 €6,967 in 2020 against €10,797 in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €52,828
Fixed assets
€16,693 ▼ 34.1%
Current assets
€36,135 ▲ 14.8%
Key figures and ratios
Solvency
-16.5%▼
2019 · -3.1%
Current ratio
1.64▲
2019 · 1.21
Debt to equity
-4.53▲
2019 · -18.52
ROA
-13.2%▲
2019 · -22.0%
Debt ≤ 1 year
€22,067▼
2019 · €26,085
Debt > 1 year
€39,482▲
2019 · €32,466
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €186,076 | €124,948 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,707 | €8,518 | - | - |
| Gross operating margin9900 | €38,790 | €43,835 | - | - |
| Operating profit (loss)9901 | €7,617 | -€10,797 | -€6,967 | ▲ 35.5% |
| Recurring financial income75 | - | €2 | - | - |
| Recurring financial charges65 | €1,157 | €2,035 | - | - |
| Profit (loss) for the period before taxes9903 | €6,460 | -€12,831 | -€6,967 | ▲ 45.7% |
| Income taxes67/77 | €1,938 | -€355 | - | - |
| Profit (loss) for the period9904 | €4,522 | -€12,475 | -€6,967 | ▲ 44.2% |
| Profit (loss) for the period to be appropriated9905 | €4,522 | -€12,475 | -€6,967 | ▲ 44.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €56,400 | €56,797 | €52,828 | ▼ 7.0% |
| Fixed assets21/28 | €29,444 | €25,314 | €16,693 | ▼ 34.1% |
| Tangible fixed assets22/27 | €29,444 | €25,314 | €16,693 | ▼ 34.1% |
| Current assets29/58 | €26,956 | €31,483 | €36,135 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €15,147 | €13,254 | €13,111 | ▼ 1.1% |
| Cash at bank and in hand54/58 | €11,809 | €18,229 | €18,229 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €56,400 | €56,797 | €52,828 | ▼ 7.0% |
| Equity10/15 | €10,722 | -€1,753 | -€8,721 | ▼ 397% |
| Contributions10/11 | €6,200 | €6,200 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €2,662 | -€9,813 | -€16,781 | ▼ 71.0% |
| Amounts payable17/49 | €45,678 | €58,550 | €61,549 | ▲ 5.1% |
| Amounts payable after more than one year17 | €17,260 | €32,466 | €39,482 | ▲ 21.6% |
| Amounts payable within one year42/48 | €28,418 | €26,085 | €22,067 | ▼ 15.4% |
| Trade debts44 | €3,153 | €2,195 | €998 | ▼ 54.5% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,522 | -€12,475 | -€6,967 | ▲ 44.2% |
| + Depreciation and write-downs630 | €10,707 | €8,518 | - | - |
| Operating cash flow (approximation) | €15,229 | -€3,957 | -€6,967 | ▼ 76.1% |
| Investment in fixed assets (approximation) | - | -€4,387 | €8,620 | ▲ 296% |
| Change in cash | - | €6,420 | €0 | ▼ 100% |
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
2023
26-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 23-05-2023
2021
21-12
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 14-12-2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
31-12
Financial
Weakest financial yearnet -€12,475
Net result drops to -€12,475, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS DEBAENE KONINKLIJKE LAAN 60,
2600 BERCHEM (ANTWERPEN) |
14-12-2021 → 23-05-2023 |