Equity
SIMTECH has made a profit without a break since 2015.
SIMTECH has made a profit without a break since 2015.
The result fell in 2025 from €4.8m to €1.8m.
Green is investment, beige is depreciation.
In 2025, 12 people joined and 18 left. On top of that, 2 agency workers worked there on average.
Five of the last ten came late. The 2023 accounts came latest: 30 days after the end of the period.
Higher solvency than 83% of companies in rubber and plastics. Sector median 50.3% · 232 companies.
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).
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).
In July 2024, 20,137 companies had the same profile as SIMTECH has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of SIMTECH itself: < 0.1% within 12 months.
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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
| 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.
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.
Higher than 84% of 232 companies in 2025.
Higher than 85% of 227 companies in 2025.
Higher than 91% of 232 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
22.2 men and 9.5 women in full-time equivalents in 2025.
Men €46,129, women €47,906 per full-time equivalent. Jobs differ, so this is not a pay gap.
In 2025, 12 people joined and 18 left. Agency workers: 2 on average.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
9.4m | 8.0m | 5.8m | 5.5m | 4.6m | 4.6m | 5.1m | 4.1m | 6.1m | 6.2m | 5.8m | 5.2m | 4.7m | 4.3m | 4.2m | 2.8m | 2.5m | 2.5m | 2.0m | |
20 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
21/28 |
304,405 | 458,054 | 477,746 | 326,231 | 277,020 | 257,690 | 272,296 | 357,838 | 367,048 | 403,126 | 331,703 | 904,414 | 986,330 | 1.4m | 1.4m | 1.0m | 74,923 | 119,195 | 119,825 | |
21 |
- | - | - | - | - | - | - | 0 | - | - | 283 | 7,691 | 15,398 | 21,823 | - | - | - | 1,695 | 3,389 | |
22/27 |
303,755 | 457,404 | 477,096 | 325,581 | 276,370 | 257,040 | 271,646 | 353,188 | 366,398 | 402,476 | 320,460 | 396,073 | 465,109 | 561,368 | 625,849 | 193,402 | 69,101 | 111,678 | 110,613 | |
22 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
23 |
155,246 | 236,918 | 190,177 | 191,626 | 154,009 | 105,399 | 66,823 | 91,415 | 45,062 | 54,197 | 48,456 | 74,178 | 76,885 | 118,556 | 139,684 | 173,343 | 22,432 | 31,319 | 30,652 | |
24 |
119,839 | 170,316 | 215,248 | 34,309 | 890 | 8,347 | 39,706 | 74,832 | 112,546 | 116,030 | 13,719 | 34,710 | 61,355 | 87,921 | 91,654 | 17,956 | 28,598 | 44,219 | 25,751 | |
25 |
28,671 | 50,171 | 71,671 | 99,646 | 121,470 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | 0 | 25 | 288 | 551 | 814 | 1,077 | 1,347 | 1,683 | 2,104 | - | - | - | |
27 |
- | - | - | - | - | - | - | 0 | - | - | - | - | 7,602 | - | - | - | - | - | - | |
28 |
650 | 650 | 650 | 650 | 650 | 650 | 650 | 4,650 | 650 | 650 | 10,960 | 500,650 | 505,822 | 829,281 | 806,489 | 819,407 | 5,822 | 5,822 | 5,822 | |
284/8 |
650 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
285/8 |
650 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
9.1m | 7.6m | 5.3m | 5.2m | 4.4m | 4.3m | 4.8m | 3.8m | 5.7m | 5.8m | 5.5m | 4.3m | 3.7m | 2.9m | 2.7m | 1.8m | 2.5m | 2.4m | 1.9m | |
29 |
- | - | - | - | - | - | 0 | 145,000 | 395,000 | 625,000 | 800,000 | - | - | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | 0 | 145,000 | 395,000 | 625,000 | 800,000 | - | - | - | - | - | - | - | - | |
3 |
954,268 | 881,657 | 1.3m | 948,523 | 1.0m | 816,788 | 671,757 | 693,389 | 697,477 | 851,784 | 1.2m | 771,752 | 885,625 | 598,526 | 520,207 | 693,433 | 592,352 | 703,767 | 529,253 | |
30/36 |
954,268 | 881,657 | 1.3m | 948,523 | 1.0m | 816,788 | 671,757 | 693,389 | 697,477 | 851,784 | 1.2m | 771,752 | 885,625 | 598,526 | 520,207 | 693,433 | 592,352 | 703,767 | 529,253 | |
30/31 |
952,954 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
36 |
1,314 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
37 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
802,781 | 1.5m | 1.6m | 1.8m | 1.2m | 1.2m | 1.7m | 1.7m | 1.8m | 1.3m | 914,445 | 1.3m | 950,859 | 713,285 | 1.1m | 486,779 | 544,752 | 526,408 | 776,694 | |
40 |
488,269 | 740,069 | 225,305 | 901,803 | 781,807 | 758,060 | 1.1m | 744,997 | 980,514 | 1.0m | 645,692 | 1.0m | 911,081 | 651,282 | 1.1m | 441,336 | 529,941 | 478,223 | 638,440 | |
41 |
314,512 | 741,523 | 1.3m | 936,543 | 381,908 | 402,321 | 624,727 | 1.0m | 772,841 | 258,614 | 268,753 | 286,883 | 39,778 | 62,003 | 22,100 | 45,443 | 14,811 | 48,185 | 138,254 | |
50/53 |
6.2m | 3.7m | 802,762 | 1.0m | 1.3m | 300,050 | - | 0 | - | - | - | 1.3m | 1.3m | 1.1m | 620,178 | 117,988 | 117,363 | 86,708 | 84,063 | |
51/53 |
6.2m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
1.1m | 1.5m | 1.6m | 1.3m | 862,567 | 2.0m | 2.4m | 1.2m | 2.8m | 3.0m | 2.5m | 929,220 | 538,473 | 423,971 | 443,448 | 484,907 | 1.2m | 1.1m | 424,379 | |
490/1 |
30,595 | 35,135 | 17,091 | 30,562 | 29,161 | 60,049 | 25,165 | 25,991 | 34,877 | 38,214 | 45,583 | 38,141 | 48,412 | 65,842 | 46,704 | 28,032 | 30,445 | 30,074 | 38,659 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
9.4m | 8.0m | 5.8m | 5.5m | 4.6m | 4.6m | 5.1m | 4.1m | 6.1m | 6.2m | 5.8m | 5.2m | 4.7m | 4.3m | 4.2m | 2.8m | 2.5m | 2.5m | 2.0m | |
10/15 |
7.5m | 5.8m | 984,308 | 987,656 | 991,054 | 1.1m | 1.6m | 1.6m | 1.9m | 2.9m | 2.9m | 1.5m | 1.6m | 1.6m | 991,869 | 952,537 | 1.3m | 927,853 | 425,073 | |
10/11 |
883,000 | 883,000 | 883,000 | 883,000 | 883,000 | 883,000 | 0 | 883,000 | 883,000 | 883,000 | 883,000 | 883,000 | 883,000 | 19,000 | 19,000 | 19,000 | 19,000 | 120,000 | 120,000 | |
100 |
- | - | - | - | - | - | 0 | 883,000 | 883,000 | 883,000 | 883,000 | 883,000 | 883,000 | 19,000 | 19,000 | 19,000 | 19,000 | 120,000 | 120,000 | |
101 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
11 |
- | - | - | - | - | - | 883,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 883,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
6.6m | 4.9m | 89,141 | 89,141 | 89,141 | 208,028 | 683,495 | 682,213 | 1.0m | 2.0m | 2.0m | 586,521 | 683,959 | 1.5m | 972,869 | 933,537 | 1.3m | 807,853 | 305,073 | |
130/1 |
88,300 | 88,300 | 88,300 | 88,300 | 88,300 | 88,300 | 88,300 | 0 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 0 | 88,300 | 88,300 | 88,300 | 88,300 | 31,653 | 31,653 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | |
1311 |
88,300 | 88,300 | 88,300 | 88,300 | 88,300 | 88,300 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 88,300 | 0 | - | - | - | - | - | - | - | - | - | - | - | |
132 |
841 | 841 | 841 | 841 | 841 | 841 | 841 | 841 | 841 | 716 | 597 | 478 | 360 | 360 | 360 | 238 | 120 | - | - | |
133 |
6.6m | 4.8m | - | - | 0 | 118,887 | 594,355 | 593,073 | 917,525 | 1.9m | 1.9m | 554,390 | 651,947 | 1.5m | 960,509 | 921,299 | 1.3m | 795,853 | 293,073 | |
14 |
- | 0 | 0 | 0 | 0 | - | - | 0 | 307 | 1,596 | - | - | - | - | - | - | - | - | - | |
15 |
5,472 | 8,820 | 12,167 | 15,515 | 18,913 | 22,311 | 25,897 | 29,501 | 33,288 | 36,895 | 41,512 | 48,181 | 56,047 | 36,554 | - | - | - | - | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
16 |
- | 0 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.3m | 1.3m | 1.4m | 1.4m | 1.6m | 431,304 | 428,373 | 446,623 | 674,548 | 682,548 | 831,761 | 707,561 | |
160/5 |
- | 0 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.3m | 1.3m | 1.4m | 1.4m | 1.6m | 431,304 | 428,373 | 446,623 | 674,548 | 682,548 | 831,761 | 707,561 | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | 0 | 1.3m | 1.3m | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | 0 | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 15,000 | 7,713 | 1.4m | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
1.9m | 2.2m | 3.7m | 3.4m | 2.5m | 2.3m | 2.4m | 1.3m | 2.8m | 1.9m | 1.5m | 2.2m | 2.7m | 2.3m | 2.7m | 1.2m | 563,026 | 761,625 | 840,240 | |
17 |
84,626 | 112,788 | 139,916 | 172,522 | 197,693 | 221,938 | 245,293 | 267,789 | 289,459 | 310,332 | 330,438 | 1.3m | 1.4m | 1.4m | 1.6m | 650,873 | 165,508 | 202,358 | 361,541 | |
170/4 |
84,626 | 112,788 | 139,916 | 172,522 | 197,693 | 221,938 | 245,293 | 267,789 | 289,459 | 310,332 | 330,438 | 349,806 | 368,461 | 386,431 | 520,413 | 233,336 | 2,172 | 17,021 | 31,214 | |
172 |
84,626 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
175 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | 0 | - | - | - | 1.0m | 1.0m | 1.0m | 1.0m | 417,537 | 163,337 | 185,337 | 330,328 | |
42/48 |
1.8m | 2.1m | 3.5m | 3.2m | 2.3m | 2.1m | 2.2m | 991,152 | 2.6m | 1.6m | 1.1m | 754,745 | 1.2m | 830,318 | 1.1m | 541,596 | 396,386 | 558,501 | 467,964 | |
42 |
28,163 | 27,128 | 26,131 | 25,171 | 24,246 | 23,355 | 22,496 | 21,670 | 20,873 | 20,106 | 20,949 | 99,822 | 93,970 | 205,595 | 188,950 | 171,636 | 55,850 | 33,192 | 46,760 | |
43 |
- | - | - | - | - | 0 | 65,639 | 65,639 | 65,639 | 65,639 | 66,573 | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | 0 | - | - | 934 | - | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | 0 | 65,639 | 65,639 | 65,639 | 65,639 | 65,639 | - | - | - | - | - | - | - | - | |
44 |
282,008 | 804,555 | 572,562 | 353,365 | 418,706 | 329,692 | 437,464 | 490,487 | 293,725 | 247,425 | 359,232 | 225,146 | 365,487 | 358,673 | 212,223 | 200,705 | 103,692 | 158,990 | 286,750 | |
440/4 |
282,008 | 804,555 | 572,562 | 353,365 | 418,706 | 329,692 | 437,464 | 490,487 | 293,725 | 247,425 | 359,232 | 225,146 | 365,487 | 358,673 | 212,223 | 200,705 | 103,692 | 158,990 | 286,750 | |
441 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
46 |
734,185 | 618,315 | 1.0m | 730,787 | 338,414 | 163,377 | 424,378 | 293,178 | 31,313 | 91,963 | 415,708 | 47,294 | 241,689 | 49,715 | 70,508 | 42,203 | 31,168 | 99,001 | 49,191 | |
45 |
785,661 | 681,762 | 108,339 | 154,113 | 172,066 | 112,841 | 148,171 | 120,178 | 234,626 | 207,028 | 279,877 | 126,616 | 181,514 | 82,620 | 518,450 | 92,191 | 90,998 | 225,883 | 84,859 | |
450/3 |
495,024 | 439,538 | 68,765 | 0 | 36,047 | 0 | 7,915 | 5,672 | 104,358 | 46,151 | 155,386 | 12,647 | 49,658 | 1,246 | 334,405 | 3,418 | 25,845 | 134,195 | 2,651 | |
454/9 |
290,638 | 242,223 | 39,574 | 154,113 | 136,019 | 112,841 | 140,256 | 114,506 | 130,268 | 160,877 | 124,491 | 113,969 | 131,855 | 81,374 | 184,045 | 88,772 | 65,153 | 91,688 | 82,208 | |
47/48 |
274 | 0 | 1.8m | 1.9m | 1.4m | 1.5m | 1.1m | 0 | 1.9m | 952,200 | - | 255,867 | 331,244 | 133,716 | 146,295 | 34,861 | 114,680 | 41,436 | 405 | |
492/3 |
185 | 551 | 399 | 991 | 74 | 71 | 554 | 2,552 | 1,201 | 893 | 5,544 | 58,792 | 50,857 | 48,286 | 24,421 | 4,395 | 1,131 | 766 | 10,734 | |
| Income statement | ||||||||||||||||||||
70/76A |
6.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
70 |
6.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
74 |
23,199 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
443 | 1,097 | - | - | - | 0 | 95 | - | 12 | - | - | 4,075 | 2,504 | 396 | 930 | 788 | 16 | 2,667 | 1,000 | |
9900 |
- | 7.2m | 3.7m | 3.8m | 2.8m | 2.5m | 2.6m | 2.0m | 2.6m | 2.6m | 2.2m | 2.1m | 1.7m | 1.8m | 2.7m | 1.8m | 1.3m | 1.8m | 1.2m | |
60/66A |
4.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
60 |
1.8m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
600/8 |
1.8m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
609 |
-71,297 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
61 |
1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
62 |
1.5m | 1.7m | 1.3m | 1.3m | 1.1m | 1.1m | 1.2m | 1.1m | 1.2m | 1.2m | 1.0m | 991,365 | 954,639 | 860,942 | 1.3m | 719,966 | 663,100 | 771,739 | 631,766 | |
630 |
117,242 | 121,170 | 98,265 | 69,319 | 62,668 | 76,202 | 83,482 | 123,682 | 102,344 | 108,997 | 106,027 | 114,188 | 144,913 | 148,460 | 156,463 | 151,553 | 48,779 | 58,192 | 55,555 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | - | -57,987 | 1,417 | - | -6,007 | -3,630 | 22,145 | 43,007 | 1,056 | |
635/8 |
- | - | - | 0 | -2,351 | 0 | -152,348 | -39,577 | -59,589 | -25,563 | -162,991 | 1.1m | 2,931 | -18,250 | -227,925 | -8,000 | -149,212 | 124,200 | 380,561 | |
640/8 |
3,493 | 4,418 | 12,050 | 19,143 | 4,804 | 5,094 | 9,513 | 4,749 | 10,351 | 3,970 | 4,608 | 61,677 | 4,326 | 4,845 | 4,617 | 7,171 | 9,759 | 7,339 | 8,830 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
66A |
57,702 | -731,839 | 8,302 | 501 | 0 | 161 | 0 | 70 | - | 280 | 2,055 | 294 | 1,338 | 122 | 344 | 653 | 5,839 | 13,571 | 2,885 | |
9901 |
2.1m | 6.1m | 2.3m | 2.4m | 1.6m | 1.3m | 1.5m | 817,128 | 1.3m | 1.3m | 1.2m | -99,156 | 587,734 | 824,113 | 1.5m | 947,843 | 708,801 | 813,691 | 128,017 | |
75/76B |
142,136 | 143,537 | 33,681 | 14,204 | 12,532 | 19,812 | 13,297 | 11,942 | 13,900 | 18,233 | 544,119 | 35,313 | 61,985 | 53,937 | 27,654 | 45,173 | 22,692 | 30,033 | 27,574 | |
75 |
142,136 | 143,537 | 32,780 | 14,204 | 12,532 | 19,812 | 13,203 | 11,942 | 13,887 | 18,233 | 544,119 | 35,313 | 61,985 | 53,937 | 27,654 | 45,173 | 22,692 | 30,033 | 27,574 | |
750 |
53 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
751 |
134,967 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
752/9 |
7,116 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76B |
- | 0 | 901 | - | - | 0 | 95 | 0 | 12 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
12,605 | 22,197 | 15,361 | 15,361 | 18,920 | 21,764 | 33,553 | 17,475 | 30,630 | 27,781 | 33,488 | 75,489 | 80,912 | 75,113 | 49,992 | 16,149 | 7,111 | 15,339 | 24,474 | |
65 |
12,605 | 22,197 | 15,361 | 15,361 | 18,920 | 21,764 | 33,444 | 17,475 | 30,630 | 27,501 | 33,488 | 75,489 | 80,912 | 75,113 | 49,992 | 16,149 | 7,111 | 15,339 | 24,474 | |
650 |
8,003 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
652/9 |
4,602 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
66B |
- | - | - | - | - | 0 | 110 | 0 | - | 280 | - | - | - | - | - | - | - | - | - | |
9903 |
2.2m | 6.2m | 2.3m | 2.4m | 1.6m | 1.3m | 1.4m | 811,595 | 1.3m | 1.3m | 1.7m | -135,552 | 569,974 | 803,210 | 1.5m | 977,001 | 718,558 | 817,481 | 129,233 | |
67/77 |
461,273 | 1.4m | 468,125 | 501,408 | 319,967 | 293,327 | 377,797 | 225,554 | 396,858 | 346,506 | 308,397 | -38,114 | 176,917 | 265,177 | 508,925 | 328,179 | 241,696 | 294,874 | 45,144 | |
670/3 |
461,273 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
77 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
1.8m | 4.8m | 1.8m | 1.9m | 1.3m | 1.0m | 1.1m | 586,040 | 905,444 | 953,915 | 1.4m | -97,438 | 393,057 | 538,034 | 959,332 | 648,822 | 476,862 | 524,044 | 84,090 | |
789 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 0 | 125 | 119 | 118 | 119 | - | - | 122 | 118 | 120 | - | - | |
9905 |
1.8m | 4.8m | 1.8m | 1.9m | 1.3m | 1.0m | 1.1m | 586,040 | 905,319 | 953,796 | 1.4m | -97,557 | 393,057 | 538,034 | 959,210 | 648,704 | 476,742 | 524,044 | 84,090 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
1.8m | 4.8m | 1.8m | 1.9m | 1.3m | 1.0m | 1.1m | 586,348 | 906,915 | 953,796 | 1.4m | -97,557 | 393,057 | 538,034 | 959,210 | 648,704 | 476,742 | 524,044 | 84,090 | |
791/2 |
- | - | - | 0 | 118,887 | 475,468 | 0 | 910,800 | 1.0m | - | - | 97,557 | 960,000 | - | 920,000 | 1.0m | - | - | - | |
691/2 |
1.8m | 4.8m | - | - | - | 0 | 1,282 | 586,348 | - | - | 1.4m | - | 133,057 | 538,034 | 959,210 | 648,704 | 476,742 | 502,780 | 84,090 | |
691 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | - | 56,647 | - | 19,653 | - | - | - | - | - | - | |
6921 |
1.8m | 4.8m | - | - | - | 0 | 1,282 | 586,348 | - | - | 1.4m | - | 113,404 | 538,034 | 959,210 | 648,704 | 476,742 | 502,780 | 84,090 | |
694/7 |
- | 0 | 1.8m | 1.9m | 1.4m | 1.5m | 1.1m | 910,800 | 1.9m | 952,200 | - | - | 1.2m | - | 920,000 | 1.0m | - | 21,264 | - | |
694 |
- | 0 | 1.8m | 1.9m | 1.4m | 1.5m | 1.1m | 910,800 | 1.9m | 952,200 | - | - | 1.2m | - | 920,000 | 1.0m | - | 21,264 | - | |
695 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
31.7 | 35.9 | 29.8 | 29.5 | 30.2 | 29.7 | 29.9 | 30.2 | 31.9 | 31.2 | 28.1 | 27.2 | 26.6 | 23 | 35.7 | 20.8 | 20.8 | 22 | 19.6 | |
Men (FTE)1003 |
22.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Women (FTE)1003 |
9.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Agency workers1501 |
2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
48,320 | 55,657 | 44,499 | 45,191 | 45,622 | 43,558 | 47,141 | 47,127 | 50,965 | 49,737 | 43,121 | 42,182 | 41,361 | 37,692 | 60,352 | 34,985 | 31,821 | 37,208 | 31,845 | |
| Document | ||||||||||||||||||||
The accounts for 2 older financial years (2005-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 64 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 26-06-2026 | 2026-00226212 | |
| 31-12-2024 | full format | 11-07-2025 | 2025-00259693 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00420631 | |
| 31-12-2022 | full format | 17-08-2023 | 2023-00331548 | |
| 31-12-2021 | full format | 14-07-2022 | 2022-20184959 | |
| 31-12-2020 | full format | 26-08-2021 | 2021-54800286 | |
| 31-12-2019 | full format | 16-06-2020 | 2020-17400261 | |
| 31-12-2018 | full format | 29-08-2019 | 2019-58700314 | |
| 31-12-2017 | full format | 16-07-2018 | 2018-33600210 | |
| 31-12-2016 | full format | 29-08-2017 | 2017-51400512 | |
| 31-12-2015 | full format | 19-08-2016 | 2016-44100069 | |
| 31-12-2014 | full format | 01-07-2015 | 2015-24800428 | |
| 31-12-2013 | full format | 17-07-2014 | 2014-31200593 | |
| 31-12-2012 | full format | 18-07-2013 | 2013-31800471 | |
| 31-12-2011 | full format | 19-07-2012 | 2012-31600095 | |
| 31-12-2010 | full format | 14-07-2011 | 2011-29300599 | |
| 31-12-2009 | full format | 12-07-2010 | 2010-29300596 | |
| 31-12-2008 | full format | 13-07-2009 | 2009-40700311 | |
| 31-12-2007 | full format | 14-07-2008 | 2008-40500389 | |
| 31-12-2006 | full format | 12-06-2007 | 2007-21600116 | |
| 31-12-2005 | full format | 17-08-2006 | 2006-63303391 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.2m | 6.2m | 2.4m | 2.5m | 1.6m | 1.4m | 1.5m | 940,811 | 1.4m | 1.4m | 1.3m | 15,032 | 732,647 | 972,573 | 1.6m | 1.1m | 757,579 | 871,883 | 183,572 | ||
| 1.9m | 4.9m | 1.9m | 2.0m | 1.3m | 1.1m | 1.1m | 709,723 | 1.0m | 1.1m | 1.5m | 16,750 | 537,970 | 686,494 | 1.1m | 800,375 | 525,640 | 582,236 | 139,645 | ||
| 9,328 | 101,479 | 256,256 | 118,530 | 81,998 | 61,595 | 1,940 | 114,473 | 66,392 | 190,730 | 33,315 | 45,269 | 42,230 | 132,901 | 593,681 | 1.1m | 4,507 | 57,588 | 70,217 | ||
| -337,400 | -176,176 | 295,746 | 478,948 | -1.1m | -421,618 | 1.2m | -1.7m | -160,033 | 488,873 | 1.6m | 390,747 | 114,502 | -19,478 | -41,459 | -704,547 | 134,368 | 630,707 | - | ||
| 7.3m | 5.4m | 1.8m | 2.0m | 2.0m | 2.2m | 2.7m | 2.8m | 3.2m | 4.2m | 4.3m | 3.6m | 2.5m | 2.0m | 1.6m | 1.3m | 2.1m | 1.8m | 1.4m | ||
| 31.7% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 79.7% | 72.0% | 17.0% | 18.0% | 21.4% | 24.3% | 31.1% | 38.6% | 31.6% | 47.2% | 50.5% | 28.9% | 34.5% | 36.7% | 23.9% | 33.7% | 51.1% | 36.8% | 21.5% | ||
| 5.00 | 3.55 | 1.50 | 1.61 | 1.87 | 2.04 | 2.25 | 3.81 | 2.24 | 3.66 | 4.79 | 5.75 | 3.07 | 3.44 | 2.40 | 3.34 | 6.24 | 4.30 | 3.96 | ||
| 4.48 | 3.14 | 1.14 | 1.31 | 1.44 | 1.65 | 1.93 | 3.11 | 1.96 | 3.12 | 3.73 | 4.73 | 2.34 | 2.71 | 1.94 | 2.06 | 4.75 | 3.04 | 2.83 | ||
| 0.25 | 0.39 | 3.74 | 3.42 | 2.55 | 2.10 | 1.51 | 0.79 | 1.48 | 0.65 | 0.50 | 1.43 | 1.64 | 1.45 | 2.74 | 1.26 | 0.43 | 0.82 | 1.98 | ||
| 23.3% | 83.0% | 185.1% | 196.7% | 127.1% | 91.2% | 66.6% | 36.7% | 47.1% | 32.6% | 48.4% | -6.4% | 24.2% | 34.3% | 96.7% | 68.1% | 36.6% | 56.5% | 19.8% | ||
| 18.6% | 59.8% | 31.5% | 35.4% | 27.1% | 22.2% | 20.7% | 14.2% | 14.9% | 15.4% | 24.4% | -1.9% | 8.3% | 12.6% | 23.1% | 23.0% | 18.7% | 20.8% | 4.3% | ||
| over 100 | over 100 | over 100 | over 100 | 87.14 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 27 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 36 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 29 | 34 | 29 | 28 | 29 |
| full-time | 27 | 31 | 27 | 26 | 27 |
| part-time | 2 | 3 | 2 | 2 | 2 |
| in full-time equivalents | 27.9 | 33.5 | 28.7 | 27.7 | 28.7 |
| 31.7 | 35.9 | 29.8 | 29.5 | 30.2 | |
| On a permanent contract | 23 | 31 | 28 | 28 | 29 |
| Joined | 12 | 24 | 6 | 6 | 3 |
| Left | 18 | 19 | 5 | 7 | 5 |
| Agency workers, average number | 2 | - | - | - | - |
| Training hours | - | 34 | - | - | 8 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,328 | €101,479 | €256,256 | €118,530 | €81,998 |
| €117,242 | €121,170 | €98,265 | €69,319 | €62,668 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €25,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is 66% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 28.0% to 20.3%. Equity is higher and debt is lower.
Deed of 19-12-2025Appointment: AVISOR (statutory auditor)Permanent representative: Bernard VANDEBORRE · General meeting of 08-12-2025
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2014 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2014, in their own currency.
The network starts from the directors of SIMTECH. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Grande Couture 14 registered office 7503 Tournai | 20-01-2005 | 2.144.939.026 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 57031B0362/00X002 | 4,975 m² | 1 · 2,296 m² | 7.7 m · 2 |
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