Equity
€7.5m ▲ 30.4%
SIMTECH has made a profit without a break since 2015.
SIMTECH
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2005peak €7.2m (2024)
-not published
lowest -€97,438 (2014)
€1.8m▼ 63.3%
peak €7.5m (2025)
€7.5m▲ 30.4%
€1.9m▼ 14.7%
peak 35.9 FTE (2024)
31.7 FTE▼ 11.7%
Board2 names since 2019
1 directorReza ROSIER
Owners3 names in the annual accounts
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Result from €4.8m to €1.8mStaff from 35.9 FTE to 31.7 FTEAppointment: AVISOR (statutory auditor) 19-12Equity from €5.8m to €7.5m
Key points
from the 2025 annual accountsResult
€1.8m ▼ 63.3%
The result fell in 2025 from €4.8m to €1.8m.
Investments
€9,328 0.1 × depreciation
Green is investment, beige is depreciation.
Staff
29 employees on 31-12-2025
In 2025, 12 people joined and 18 left. On top of that, 2 agency workers worked there on average.
Filings
21 annual accounts since 2005
Five of the last ten came late. The 2023 accounts came latest: 30 days after the end of the period.
Position in the sector
79.7%
Higher solvency than 83% of companies in rubber and plastics. Sector median 50.3% · 232 companies.
Checked score
98
Excellent
Financially stronger than 88% of small companies in rubber and plastics (NACE 22)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 163 companies (NACE 22, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 2004
Profit of €1.8m (financial year 2025)
Liquidity: current ratio 5.00, cash €1.1m
Equity €7.5m (79.7% of total assets)
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 22, small). It does better than 92% of them on solvency, 78% on liquidity, 93% on profitability and 89% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as SIMTECH has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of SIMTECH itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 20,137 companies, not a prediction for SIMTECH. 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.
Credit verdict
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.0 (3.55 in 2024), above the usual 1.5. Short-term debt is 19.4% and cash 11.9% of total assets. 20.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €7.5m
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
20 days early
2023
30 days late
2022
17 days late
2021
17 days early
2020
26 days late
2019
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: AVISOR (statutory auditor)
Permanent representative: Bernard VANDEBORRE · General meeting of 08-12-2025 · Gazette deed
Purpose change
“De Produits ou services liés à ceux énumérés dans le présent objet social; Tous produits nécessaires ou utiles…” (deed in French) · General meeting of 06-11-2024 · Gazette deed
Change of role: Reza ROSIER, from manager to director
Permanent representative: Reza ROSIER · Legal-form conversion: from private limited company (pre-2019) to private limited company · Director discharge: Reza ROSIER (manager) · General meeting of 12-12-2019 · Gazette deed
First establishment
Rue de la Grande Couture 14, Tournai
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SIMTECH Tournai | €6.6m | 31.7% | 79.7% | 31.7 |
| BEKINA COMPOUNDS Kluisbergen | €10.5m | 5.6% | 82.1% | 16.5 |
| MBS Roeselare | €9.5m | -10.5% | -37.9% | 48 |
| Lutze Conveying Belux Ternat | €9.0m | 5.2% | 23.1% | 47.3 |
| Rubbergreen Industrie Frameries | - | - | 33.5% | 38.7 |
| EUROBASE INTERNATIONAL Herenthout | €8.8m | -1.9% | 85.5% | 14.8 |
| XTRAFLEX Lier | - | - | 46.4% | 34.4 |
Grey: the largest companies of the sector (rubber and plastics (NACE 22)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SIMTECH: manufacture of rubber and plastic products (NACE 22120). They are comparable in size and age: total assets between €5m and €8.3m, founded between 1988 and 2013.
Official details
Source: KBO- Status
- Active since 30-12-2004Normal situation
- Activity
- Manufacture of rubber and plastic productsNACE 22120and 4 others
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.144.939.0267503 Tournai, since 20-01-2005
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €9.4m▲ 17.8%
- Employeeson 31-12-2025
- 29▼ 14.7%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on SIMTECH
SIMTECH has existed since 2004. The gross margin grew from €1.2m in 2007 to €7.2m in 2024 and staff from 19.6 to 35.9 full-time equivalents.
Solvency rose in 2025 from 72.0% to 79.7% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SIMTECH
- What is the company number of SIMTECH?
- The company number of SIMTECH is 0870.894.704. The VAT number is the same number with BE in front: BE 0870.894.704.
- Where is SIMTECH based?
- The registered office is at Rue de la Grande Couture 14, 7503 Tournai.Company details
- What does SIMTECH do?
- According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22120).
- What is the legal form of SIMTECH?
- SIMTECH is a private limited company (BV).
- When was SIMTECH founded?
- SIMTECH was founded on 30-12-2004.
- Is SIMTECH still active?
- Yes, SIMTECH is an active enterprise in the KBO register.
- How many employees does SIMTECH have?
- SIMTECH had an average of 31.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SIMTECH fall under?
- In its 2025 annual accounts, SIMTECH states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of SIMTECH?
- The turnover of SIMTECH was €6.6m in financial year 2025, according to the filed annual accounts.
- Is SIMTECH profitable?
- In financial year 2025, SIMTECH made a profit of €1.8m.
- Where can I find the annual accounts of SIMTECH?
- SIMTECH filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SIMTECH due?
- SIMTECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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