SIMTUS
ActiveSummary
SIMTUS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446,632 and a net result of -€19,783. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 79% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-10-2011 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.208.724.345 9850 Deinze, since 18-10-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- -€13,302
- Loss
- €19,783
- Equity
- €446,632
- ▼ 4.2%
- Total assets
- €535,069
- ▲ 1.3%
Turnover not published (abbreviated format)
Score breakdownraises riskLoss of €19,783 (financial year 2025)lowers riskSize: total assets €535,069Sector: Activities of head offices; management consultancy activities (NACE 70)Figures for financial year 2025 (filed on 30-06-2026)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 42% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Average
Solvency
100=
equity 83.5% of total assets
Liquidity
50-6
short-term debt 16.4% · cash 3.5%
Profitability
14-59
return on assets -3.7%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points 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 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.11 (8.65 in 2024), above the usual 1.5. Short-term debt is 16.4% and cash 3.5% of total assets. 16.5% of the assets are financed with debt and provisions.
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 70, micro). It does better than 86% of them on solvency, 36% on liquidity, 12% on profitability and 33% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
35 days early
2023
17 days early
2022
10 days early
2021
35 days early
2020
35 days early
2019
70 days late
← 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 13 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 14 filings
Equity
€446,632▼ 4.2%
2024 · €466,415
Total assets
€535,069▲ 1.3%
2024 · €528,099
Net result
-€19,783
2024 · €18,955
Working capital
€447,228▼ 3.8%
2024 · €465,099
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€15,213
2025
20182025
Net result
-€19,783
2025
lowest quarter of the sector
20182025
Equity
€446,632
▼ 4.2%
2025
middle half of the sector
20182025
Total assets
€535,069
▲ 1.3%
2025
middle half of the sector
20182025
Debt
€88,437
▲ 43.4%
2025
20182025
Working capital
€447,228
▼ 3.8%
2025
highest quarter of the sector
20182025
Solvency
83.5%
▼ 4.8pp
2025
highest quarter of the sector
20182025
Current ratio
6.11
▼ 2.54
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-3.7%
▼ 7.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€93,774-€111,356▲ 18.7%€172,661▲ 55.1%€190,576▲ 10.4%€3,741▼ 98.0%-€3,529€16,426-€15,213
Net result€76,180-€79,591▲ 4.5%€112,969above the sector's middle half▲ 41.9%€133,531above the sector's middle half▲ 18.2%€1,391below the sector's middle half▼ 99.0%-€4,177below the sector's middle half€18,955within the sector's middle half-€19,783below the sector's middle half
Equity€124,155-€203,746▲ 64.1%€316,715within the sector's middle half▲ 55.4%€450,246within the sector's middle half▲ 42.2%€451,637within the sector's middle half▲ 0.3%€447,460within the sector's middle half▼ 0.9%€466,415within the sector's middle half▲ 4.2%€446,632within the sector's middle half▼ 4.2%
Total assets€186,211-€261,224▲ 40.3%€394,738within the sector's middle half▲ 51.1%€555,457within the sector's middle half▲ 40.7%€506,994within the sector's middle half▼ 8.7%€505,041within the sector's middle half▼ 0.4%€528,099within the sector's middle half▲ 4.6%€535,069within the sector's middle half▲ 1.3%
Debt€62,056-€57,478▼ 7.4%€78,023▲ 35.7%€105,211▲ 34.8%€55,357▼ 47.4%€57,581▲ 4.0%€61,684▲ 7.1%€88,437▲ 43.4%
Working capital€109,091-€203,367▲ 86.4%€268,505within the sector's middle half▲ 32.0%€416,694above the sector's middle half▲ 55.2%€428,800above the sector's middle half▲ 2.9%€437,698above the sector's middle half▲ 2.1%€465,099above the sector's middle half▲ 6.3%€447,228above the sector's middle half▼ 3.8%
Solvency66.7%-78.0%▲ 11.3pp80.2%above the sector's middle half▲ 2.2pp81.1%above the sector's middle half▲ 0.8pp89.1%above the sector's middle half▲ 8.0pp88.6%above the sector's middle half▼ 0.5pp88.3%above the sector's middle half▼ 0.3pp83.5%above the sector's middle half▼ 4.8pp
Current ratio2.76-4.54▲ 1.784.44above the sector's middle half▼ 0.104.96above the sector's middle half▲ 0.528.75above the sector's middle half▲ 3.798.60above the sector's middle half▼ 0.148.65above the sector's middle half▲ 0.056.11above the sector's middle half▼ 2.54
Return on assets (ROA)40.9%-30.5%▼ 10.4pp28.6%above the sector's middle half▼ 1.8pp24.0%above the sector's middle half▼ 4.6pp0.3%below the sector's middle half▼ 23.8pp-0.8%below the sector's middle half▼ 1.1pp3.6%within the sector's middle half▲ 4.4pp-3.7%below the sector's middle half▼ 7.3pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €15,213, after a profit of €16,426 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €535,069
Fixed assets
€317 ▼ 85.8%
Current assets
€534,752 ▲ 1.7%
Equity and liabilities €535,069
Equity
€446,632 ▼ 4.2%
Debt
€88,437 ▲ 43.4%
Debt's share of the balance-sheet total rises from 11.7% to 16.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€13,302▼
2024 · €23,960
Cash flow
-€17,872▼
2024 · €26,489
Debt to equity
0.20▲
2024 · 0.13
ROE
-4.4%▼
2024 · 4.1%
Interest coverage
-241.85▼
2024 · over 100
Debt ≤ 1 year
€87,524▲
2024 · €60,772
Income taxes
€4,515▲
2024 · €2,025
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €4,700 | €2,972 | - | - |
| Depreciation and write-downs of the year | €14,658 | €15,415 | €16,047 | €7,534 | €1,911 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,085 | €14,685 | €9,838 | €14,658 | €15,415 | €16,047 | €7,534 | €1,911 | ▼ 74.6% |
| Gross operating margin9900 | €124,859 | €126,041 | €182,499 | €205,234 | €19,156 | €12,518 | €23,960 | -€13,302 | - |
| Operating profit (loss)9901 | €93,774 | €111,356 | €172,661 | €190,576 | €3,741 | -€3,529 | €16,426 | -€15,213 | - |
| Financial income75/76B | - | - | - | €1,138 | €1 | - | €4,576 | - | - |
| Recurring financial income75 | - | - | - | €1,138 | €1 | - | €4,576 | - | - |
| Financial charges65/66B | - | - | - | €20 | €30 | €32 | €22 | €55 | ▲ 150% |
| Recurring financial charges65 | €88 | €40 | €66 | €20 | €30 | €32 | €22 | €55 | ▲ 150% |
| Profit (loss) for the period before taxes9903 | €93,686 | €111,316 | €172,595 | €191,694 | €3,712 | -€3,561 | €20,980 | -€15,268 | - |
| Income taxes67/77 | €17,506 | €31,725 | €59,626 | €58,163 | €2,321 | €616 | €2,025 | €4,515 | ▲ 123% |
| Profit (loss) for the period9904 | €76,180 | €79,591 | €112,969 | €133,531 | €1,391 | -€4,177 | €18,955 | -€19,783 | - |
| Profit (loss) for the period to be appropriated9905 | €76,180 | €79,591 | €112,969 | €133,531 | €1,391 | -€4,177 | €18,955 | -€19,783 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €186,211 | €261,224 | €394,738 | €555,457 | €506,994 | €505,041 | €528,099 | €535,069 | ▲ 1.3% |
| Fixed assets21/28 | €15,064 | €379 | €48,210 | €33,552 | €22,837 | €9,762 | €2,228 | €317 | ▼ 85.8% |
| Tangible fixed assets22/27 | €15,064 | €379 | €48,210 | €33,552 | €22,837 | €9,762 | €2,228 | €317 | ▼ 85.8% |
| Land and buildings22 | - | - | - | - | €3,942 | €2,376 | €809 | - | - |
| Plant, machinery and equipment23 | - | - | - | - | - | €7,386 | - | - | - |
| Furniture and vehicles24 | - | - | - | €33,552 | €18,895 | - | €1,419 | €317 | ▼ 77.7% |
| Current assets29/58 | €171,147 | €260,845 | €346,528 | €521,905 | €484,157 | €495,279 | €525,871 | €534,752 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €17,424 | €27,264 | €84,678 | €42,748 | €28,463 | €18,520 | €12,326 | €27,414 | ▲ 122% |
| Trade receivables40 | - | - | - | €42,748 | €28,463 | €4,263 | €5,280 | €27,414 | ▲ 419% |
| Other amounts receivable41 | - | - | - | - | - | €14,257 | €7,046 | - | - |
| Current investments50/53 | - | - | - | - | - | - | €483,178 | €488,084 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €153,723 | €233,581 | €260,860 | €477,282 | €453,665 | €474,477 | €30,367 | €18,987 | ▼ 37.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,875 | €2,029 | €2,282 | - | €267 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €186,211 | €261,224 | €394,738 | €555,457 | €506,994 | €505,041 | €528,099 | €535,069 | ▲ 1.3% |
| Equity10/15 | €124,155 | €203,746 | €316,715 | €450,246 | €451,637 | €447,460 | €466,415 | €446,632 | ▼ 4.2% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Capital10 | - | - | - | €12,500 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,750 | - | - | - | - | - |
| Uncalled capital101 | - | - | - | €6,250 | - | - | - | - | - |
| Reserves13 | €111,655 | €191,246 | €304,215 | €437,746 | €439,137 | €439,137 | €453,915 | €453,915 | = |
| Non-distributable reserves130/1 | - | - | - | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Legal reserve130 | - | - | - | €1,875 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Distributable reserves133 | - | - | - | €435,871 | €437,262 | €437,262 | €452,040 | €452,040 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€4,177 | - | -€19,783 | - |
| Amounts payable17/49 | €62,056 | €57,478 | €78,023 | €105,211 | €55,357 | €57,581 | €61,684 | €88,437 | ▲ 43.4% |
| Amounts payable within one year42/48 | €62,056 | €57,478 | €78,023 | €105,211 | €55,357 | €57,581 | €60,772 | €87,524 | ▲ 44.0% |
| Trade debts44 | €5,689 | €9,016 | €9,362 | €12,777 | €11,619 | €3,675 | €3,408 | €708 | ▼ 79.2% |
| Suppliers440/4 | - | - | - | €12,777 | €11,619 | €3,675 | €3,408 | €708 | ▼ 79.2% |
| Taxes, remuneration and social security45 | - | - | - | €28,515 | €2,884 | - | - | €2,624 | - |
| Taxes450/3 | - | - | - | €28,515 | €2,884 | - | - | €2,624 | - |
| Other amounts payable47/48 | - | - | - | €63,919 | €40,854 | €53,906 | €57,364 | €84,192 | ▲ 46.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €912 | €913 | ▲ 0.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,180 | €79,591 | €112,969 | €133,531 | €1,391 | -€4,177 | €18,955 | -€19,783 | - |
| + Depreciation and write-downs630 | €31,085 | €14,685 | €9,838 | €14,658 | €15,415 | €16,047 | €7,534 | €1,911 | ▼ 74.6% |
| Operating cash flow (approximation) | €107,265 | €94,276 | €122,807 | €148,189 | €16,806 | €11,870 | €26,489 | -€17,872 | - |
| Investment in fixed assets (approximation) | - | €0 | -€57,669 | €0 | -€4,700 | -€2,972 | €0 | €0 | - |
| Change in cash | - | €79,858 | €27,279 | €216,422 | -€23,617 | €20,812 | -€444,110 | -€11,380 | ▲ 97.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,686 companies had the same profile as SIMTUS has now. Two years later, 93.7% were still going and 0.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
93.7%
was still going
5.4%
stopped otherwise
0.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIMTUS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,686 companies, not a prediction for SIMTUS. 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.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00219263 | |
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00180555 | |
| 31-12-2023 | abbreviated format | 14-07-2024 | 2024-00242385 | |
| 31-12-2022 | abbreviated format | 21-07-2023 | 2023-00257983 | |
| 31-12-2021 | abbreviated format | 26-06-2022 | 2022-20092476 | |
| 31-12-2020 | abbreviated format | 26-06-2021 | 2021-28800226 | |
| 31-12-2019 | abbreviated format | 09-10-2020 | 2020-60400484 | |
| 31-12-2018 | abbreviated format | 12-07-2019 | 2019-34200472 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-36200408 | |
| 31-12-2016 | abbreviated format | 11-08-2017 | 2017-43300105 |
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-06
abbreviated format · 31 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€19,783
The net result drops to -€19,783, the lowest from 2018 to 2025.
26-06
abbreviated format · 35 days before the deadline
2024
31-12
Financial
Back to profitnet €18,955
The net result is €18,955, after one loss-making year.
14-07
abbreviated format · 17 days before the deadline
2023
21-07
abbreviated format · 10 days before the deadline
2022
26-06
abbreviated format · 35 days before the deadline
2021
31-12
Financial
Highest result from 2018 to 2025net €133,531 ▲18.2%
The operating result of €190,576 and the net result of €133,531 are both a record.
26-06
abbreviated format · 35 days before the deadline
2020
09-10
abbreviated format · 70 days late
2019
31-12
Financial
Equity above €200,000equity €203,746 ▲64.1%
With a profit in every financial year since 2018, equity grows to €203,746.
12-07
abbreviated format · 19 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SIMTUS in Dutch
Enterprise number
0840.373.455
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
14-10-2011
Entity type
Legal entity
Registered office and establishments
Registered office
Vlietje 3, 9850 Deinze, Belgium
Establishment unit
Vlietje 3, 9850 Deinze since 18-10-2011 · unit number 2.208.724.345
Activities
NACEBEL 2025VAT activities
70200
Business and other management consultancy main activity
Social security (RSZ) activities
70200
Business and other management consultancy main activity
Codes under NACEBEL 2008
VAT activities
70220
Business consulting main activity
Social security (RSZ) activities
70220
Business consulting main activity
Invoicing and payment
VAT number
BE 0840.373.455
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
889 m²
Building footprint
176 m²
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44049F0369/00R000 | Flanders | 889 m² | 1 · 176 m² | - |