SIMTECH
ActiveSummary
The computed 12-month bankruptcy probability of SIMTECH is 4.6% (elevated). The 2025 annual accounts show equity of €29k and a net result of €1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 27965 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-30
Solvency51▼-1
Growth35▼-3
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.32 against 1.37 in 2024; short-term debt: 74.5% and cash: 13.5% of total assets), and 74.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.5%
Return on assets
0.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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 · 7 filingsDeviation from the deadline
2025
55 d late
2024
34 d early
2023
85 d late
2022
64 d late
2021
122 d late
2020
118 d late
2019
217 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€131k▼ 11.0%
2019 · €147k
EBIT margin
16.1%▼ 5.8pp
2019 · 21.9%
Net result
€1k▼ 96.7%
2024 · €33k
Working capital
€28k▼ 2.6%
2024 · €28k
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
Turnover
Operating result€2k▼ 92.4%€-198€-56k▼ 28,021%€33k€15k▼ 54.1%
Net result€-3k€-730▲ 76.5%€-56k▼ 7,567%€33k€1k▼ 96.7%
EBIT margin
Equity€52k▼ 5.6%€52k▼ 1.4%€-4k€28k€29k▲ 3.9%
Total assets€177k▲ 145%€162k▼ 8.3%€55k▼ 65.8%€105k▲ 89.4%€115k▲ 9.7%
Debt€124k▲ 643%€110k▼ 11.2%€60k▼ 45.9%€77k▲ 28.3%€86k▲ 11.8%
Working capital€48k▼ 13.5%€48k▲ 1.2%€-6k€28k€28k▼ 2.6%
Staff (FTE)0.31▲ 233%0.3▼ 70.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€2k ▲ 411%
Current assets
€113k ▲ 8.3%
Equity and liabilities €115k
Equity
€29k ▲ 3.9%
Debt
€86k ▲ 11.8%
Debt's share of the balance-sheet total rises from 73.0% to 74.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €35k
Cash flow
€1k▼
2024 · €34k
Current ratio
1.32▼
2024 · 1.37
Debt to equity
2.92▲
2024 · 2.71
ROE
3.7%▼
2024 · 115.3%
ROA
0.9%▼
2024 · 31.1%
Interest coverage
13.28▼
2024 · 79.09
Debt ≤ 1 year
€86k▲
2024 · €76k
Income taxes
€13k
Staff costs
€-2k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6k | €32k | €9k | €-2k | ▼ 121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €629 | €2k | €2k | €2k | €65 | ▼ 95.7% |
| Other operating charges640/8 | €7k | €931 | €43k | €552 | €22k | ▲ 3,898% |
| Gross operating margin9900 | €9k | €9k | €21k | €44k | €35k | ▼ 20.4% |
| Operating profit (loss)9901 | €2k | €-198 | €-56k | €33k | €15k | ▼ 54.1% |
| Financial income75/76B | €28 | €13 | €5 | €0 | €3 | ▲ 848% |
| Recurring financial income75 | €28 | €13 | €5 | €0 | €3 | ▲ 848% |
| Financial charges65/66B | €332 | €415 | €326 | €437 | €1k | ▲ 163% |
| Recurring financial charges65 | €332 | €415 | €326 | €437 | €1k | ▲ 163% |
| Profit (loss) for the period before taxes9903 | €1k | €-600 | €-56k | €33k | €14k | ▼ 57.0% |
| Income taxes67/77 | €4k | €130 | - | - | €13k | - |
| Profit (loss) for the period9904 | €-3k | €-730 | €-56k | €33k | €1k | ▼ 96.7% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-730 | €-56k | €33k | €1k | ▼ 96.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €177k | €162k | €55k | €105k | €115k | ▲ 9.7% |
| Fixed assets21/28 | €5k | €4k | €2k | €350 | €2k | ▲ 411% |
| Intangible fixed assets21 | €5k | €3k | €2k | - | - | - |
| Tangible fixed assets22/27 | - | - | - | - | €1k | - |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Financial fixed assets28 | - | €350 | €350 | €350 | €350 | = |
| Current assets29/58 | €172k | €158k | €53k | €105k | €113k | ▲ 8.3% |
| Amounts receivable within one year40/41 | €156k | €149k | €47k | €93k | €98k | ▲ 4.9% |
| Trade receivables40 | €130k | €116k | €10k | €74k | €59k | ▼ 20.8% |
| Other amounts receivable41 | €25k | €33k | €37k | €19k | €39k | ▲ 105% |
| Cash at bank and in hand54/58 | €16k | €9k | €6k | €11k | €16k | ▲ 48.1% |
| Deferred charges and accrued income490/1 | €221 | €347 | €853 | €900 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €177k | €162k | €55k | €105k | €115k | ▲ 9.7% |
| Equity10/15 | €52k | €52k | €-4k | €28k | €29k | ▲ 3.9% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €38k | €37k | €-19k | €14k | €15k | ▲ 7.8% |
| Amounts payable17/49 | €124k | €110k | €60k | €77k | €86k | ▲ 11.8% |
| Amounts payable within one year42/48 | €124k | €110k | €59k | €76k | €86k | ▲ 12.4% |
| Trade debts44 | €114k | €108k | €39k | €71k | €73k | ▲ 3.0% |
| Suppliers440/4 | €114k | €108k | €39k | €71k | €73k | ▲ 3.0% |
| Advances received on contracts in progress46 | €9k | - | €11k | - | - | - |
| Taxes, remuneration and social security45 | €1k | €3k | €10k | €6k | €13k | ▲ 130% |
| Taxes450/3 | €1k | €2k | €4k | €2k | €13k | ▲ 658% |
| Remuneration and social security454/9 | - | €967 | €6k | €4k | - | - |
| Accrued charges and deferred income492/3 | - | - | €239 | €380 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-730 | €-56k | €33k | €1k | ▼ 96.7% |
| + Depreciation and write-downs630 | €629 | €2k | €2k | €2k | €65 | ▼ 95.7% |
| Operating cash flow (approximation) | €-2k | €923 | €-54k | €34k | €1k | ▼ 96.6% |
| Investment in fixed assets (approximation) | - | €-350 | €0 | €0 | €-2k | - |
| Change in cash | - | €-6k | €-4k | €5k | €5k | ▲ 8.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €33k
Net result €33k after 3 loss-making years.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
31-12
Financial
Weakest financial yearnet €-56k
Net result drops to €-56k, the lowest in the series; recovery starts the following year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 118 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 217 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 4.29
Current ratio from 1.59 to 4.29; short-term debt falls from €47k to €17k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Gillis (bij-Brussel) · 2 establishment units since 2018
Ground area
906 m²
Building footprint
564 m²
Volume, LiDAR
9,543 m³
2 parcels, Brussels · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
SIMTECH
since 20182.282.346.355
Simtech
since 20252.380.402.368
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0329/00R012 | Brussels | 801 m² | 1 · 441 m² | 22.6 m · 6 fl. |
| 21306D0128/00T002 | Brussels | 105 m² | 1 · 123 m² | 15.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
1 live approval · 1 endedMonteur sanitaire en verwarmingsinstallaties duaal (so)
Show 1 ended approval
Sanitair installateur (so)
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 3,970 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 (pre-2019)
Founded29-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.