SIMTAG
InactiveSIMTAG was declared bankrupt on 09-11-2023 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 25-11-2025, published in the Belgian State Gazette on 03-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-10-2022, 75 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
75 d late
2020
30 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 57 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 2021, micro schema
Equity
€40,460▼ 63.7%
2020 · €111,555
Total assets
€1.1m▲ 78.6%
2020 · €595,210
Net result
-€71,095
2020 · €20,199
Working capital
€137,264▲ 74.3%
2020 · €78,756
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
Line2018201920202021
Operating result€11,819-€22,546▲ 90.8%€43,151▲ 91.4%-€27,730
Net result€7,508-€16,569▲ 121%€20,199▲ 21.9%-€71,095
Equity€74,787-€91,356▲ 22.2%€111,555▲ 22.1%€40,460▼ 63.7%
Total assets€112,096-€302,090▲ 169%€595,210▲ 97.0%€1.1m▲ 78.6%
Debt€37,309-€210,735▲ 465%€483,655▲ 130%€1.0m▲ 111%
Working capital€34,671-€92,258▲ 166%€78,756▼ 14.6%€137,264▲ 74.3%
Staff (FTE)1-1=3.4▲ 240%7.8▲ 129%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €27,730 after €43,151 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.1m
Fixed assets
€210,961 ▲ 84.3%
Current assets
€851,929 ▲ 77.2%
Equity and liabilities €1.1m
Equity
€40,460 ▼ 63.7%
Debt
€1.0m ▲ 111%
Debt's share of the balance-sheet total rises from 81.3% to 96.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18,753▼
2020 · €59,331
Cash flow
-€24,612▼
2020 · €36,379
Current ratio
1.19▼
2020 · 1.20
Quick ratio
0.22▼
2020 · 0.57
Debt to equity
25.27▲
2020 · 0.73
ROE
-175.7%▼
2020 · 18.1%
ROA
-6.7%▼
2020 · 3.4%
Interest coverage
0.43
Debt ≤ 1 year
€714,665▲
2020 · €401,973
Debt > 1 year
€307,764▲
2020 · €81,682
Staff costs
€264,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €264,760 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,018 | €12,959 | €16,180 | €46,483 | ▲ 187% |
| Other operating charges640/8 | - | - | - | €730 | - |
| Gross operating margin9900 | €49,769 | €75,325 | €187,202 | €284,243 | ▲ 51.8% |
| Operating profit (loss)9901 | €11,819 | €22,546 | €43,151 | -€27,730 | ▼ 164% |
| Financial income75/76B | - | - | - | €173 | - |
| Recurring financial income75 | €94 | €9 | €4,711 | €173 | ▼ 96.3% |
| Financial charges65/66B | - | - | - | €43,538 | - |
| Recurring financial charges65 | €4,405 | €5,986 | €27,663 | €43,538 | ▲ 57.4% |
| Profit (loss) for the period before taxes9903 | €7,508 | €16,569 | €20,199 | -€71,095 | ▼ 452% |
| Profit (loss) for the period9904 | €7,508 | €16,569 | €20,199 | -€71,095 | ▼ 452% |
| Profit (loss) for the period to be appropriated9905 | €7,508 | €16,569 | €20,199 | -€71,095 | ▼ 452% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €112,096 | €302,090 | €595,210 | €1.1m | ▲ 78.6% |
| Fixed assets21/28 | €40,116 | €29,661 | €114,480 | €210,961 | ▲ 84.3% |
| Intangible fixed assets21 | €6,312 | €4,319 | €2,325 | €10,974 | ▲ 372% |
| Tangible fixed assets22/27 | €33,804 | €25,343 | €105,851 | €193,683 | ▲ 83.0% |
| Land and buildings22 | - | - | - | €7,104 | - |
| Plant, machinery and equipment23 | - | - | - | €20,775 | - |
| Furniture and vehicles24 | - | - | - | €13,277 | - |
| Leasing and similar rights25 | - | - | - | €150,914 | - |
| Other tangible fixed assets26 | - | - | - | €1,613 | - |
| Financial fixed assets28 | - | - | €6,304 | €6,304 | = |
| Current assets29/58 | €71,981 | €272,429 | €480,730 | €851,929 | ▲ 77.2% |
| Stocks and contracts in progress3 | €55,462 | €129,781 | €253,334 | €693,497 | ▲ 174% |
| Stocks30/36 | - | - | - | €559,297 | - |
| Contracts in progress37 | - | - | - | €134,200 | - |
| Amounts receivable within one year40/41 | €7,856 | €78,322 | €144,379 | €109,136 | ▼ 24.4% |
| Trade receivables40 | - | - | - | €59,103 | - |
| Other amounts receivable41 | - | - | - | €50,033 | - |
| Cash at bank and in hand54/58 | €8,663 | €4,327 | €13,818 | €49,216 | ▲ 256% |
| Deferred charges and accrued income490/1 | - | - | - | €80 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €112,096 | €302,090 | €595,210 | €1.1m | ▲ 78.6% |
| Equity10/15 | €74,787 | €91,356 | €111,555 | €40,460 | ▼ 63.7% |
| Contributions10/11 | €100,000 | €100,000 | - | €100,000 | - |
| Reserves13 | - | - | €11,555 | €11,555 | = |
| Distributable reserves133 | - | - | - | €11,555 | - |
| Profit (loss) carried forward14 | -€25,213 | -€8,644 | -€25,213 | -€71,095 | ▼ 182% |
| Amounts payable17/49 | €37,309 | €210,735 | €483,655 | €1.0m | ▲ 111% |
| Amounts payable after more than one year17 | - | €30,564 | €81,682 | €307,764 | ▲ 277% |
| Financial debts170/4 | - | - | - | €307,764 | - |
| Amounts payable within one year42/48 | €37,309 | €180,171 | €401,973 | €714,665 | ▲ 77.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €121,201 | - |
| Financial debts43 | - | - | - | €250,000 | - |
| Credit institutions430/8 | - | - | - | €250,000 | - |
| Trade debts44 | €7,122 | €89,712 | €248,297 | €293,586 | ▲ 18.2% |
| Suppliers440/4 | - | - | - | €293,586 | - |
| Advances received on contracts in progress46 | - | - | - | €5,960 | - |
| Taxes, remuneration and social security45 | - | - | - | €33,537 | - |
| Taxes450/3 | - | - | - | €2,661 | - |
| Remuneration and social security454/9 | - | - | - | €30,876 | - |
| Other amounts payable47/48 | - | - | - | €10,381 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,508 | €16,569 | €20,199 | -€71,095 | ▼ 452% |
| + Depreciation and write-downs630 | €13,018 | €12,959 | €16,180 | €46,483 | ▲ 187% |
| Operating cash flow (approximation) | €20,526 | €29,528 | €36,379 | -€24,612 | ▼ 168% |
| Investment in fixed assets (approximation) | - | -€2,505 | -€100,999 | -€142,963 | ▼ 41.5% |
| Change in cash | - | -€4,336 | €9,491 | €35,399 | ▲ 273% |
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
2025
03-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 25-11-2025
2023
16-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 09-11-2023
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet -€71,095
Net result drops to -€71,095, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €20,199 ▲21.9%
Operating result €43,151, net result €20,199, both a record.
31-12
Financial
Equity above €100,000Eq €111,555 ▲22.1%
3 profitable years in a row build equity to €111,555.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 224 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JOHAN DEHAESE LUIKERSTEENWEG 187,
3500 HASSELT |
09-11-2023 → 25-11-2025 |
| Curator | LIEVE DEHAESE LUIKERSTEENWEG 187, 3500 HASSELT |
09-11-2023 → 25-11-2025 |
| Curator | JESSIE DECKMYN LUIKERSTEENWEG 187, 3500 HASSELT- |
09-11-2023 → 25-11-2025 |