SIMULFI
ActiveSummary
SIMULFI has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €32,143 and a net result of €12,066. Equity is growing by ~52.6% per year across the filed fiscal years. Its solvency ranks better than 13% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability59▲+24
Solvency33▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.07 in 2023; short-term debt: 49.9% and cash: 0.1% of total assets), and 92.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
7.6%
Return on assets
2.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 37951 sector peers (2024).
NBB · sector comparisonPosition among 37951 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 10 filingsDeviation from the deadline
2024
71 d late
2023
on the day
2022
on the day
2020
26 d late
2019
30 d late
2017
58 d late
2016
71 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,066
2023 · -€2,597
Working capital
-€4,553
2023 · €9,828
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
Line20192020202220232024
Operating result-€19,874--€34▲ 99.8%€78,731-€2,958▼ 96.2%€25,122▲ 749%
Net result-€34,139--€416▲ 98.8%€72,740--€2,597€12,066
Equity-€49,650--€50,066▼ 0.8%€22,674-€20,077▼ 11.5%€32,143▲ 60.1%
Total assets€466,587-€307,446▼ 34.1%€294,167-€313,203▲ 6.5%€424,900▲ 35.7%
Debt€516,238-€357,512▼ 30.7%€271,493-€293,127▲ 8.0%€392,757▲ 34.0%
Working capital-€5,380--€44,200▼ 722%-€36,352-€9,828-€4,553
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 749% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €424,900
Fixed assets
€217,254 ▲ 31.8%
Current assets
€207,646 ▲ 40.0%
Equity and liabilities €424,900
Equity
€32,143 ▲ 60.1%
Debt
€392,757 ▲ 34.0%
Debt's share of the balance-sheet total falls from 93.6% to 92.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,816
Cash flow
€31,760
Current ratio
0.98▼
2023 · 1.07
Debt to equity
12.22▼
2023 · 14.60
ROE
37.5%▲
2023 · -12.9%
ROA
2.8%▲
2023 · -0.8%
Interest coverage
4.45
Debt ≤ 1 year
€212,199▲
2023 · €138,527
Debt > 1 year
€180,558▲
2023 · €154,600
Income taxes
€3,057▲
2023 · €2,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €29,544 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,273 | €4,182 | - | - | €19,694 | - |
| Other operating charges640/8 | - | - | €2,302 | €2,007 | €2,400 | ▲ 19.6% |
| Gross operating margin9900 | €42,746 | €21,020 | €110,578 | €4,965 | €47,216 | ▲ 851% |
| Operating profit (loss)9901 | -€19,874 | -€34 | €78,731 | €2,958 | €25,122 | ▲ 749% |
| Financial income75/76B | - | - | €3 | - | €75 | - |
| Recurring financial income75 | €0 | €5,768 | €3 | - | €75 | - |
| Financial charges65/66B | - | - | €4,880 | €3,400 | €10,074 | ▲ 196% |
| Recurring financial charges65 | €14,266 | €3,785 | €4,880 | €3,400 | €10,074 | ▲ 196% |
| Profit (loss) for the period before taxes9903 | -€34,139 | €2,181 | €73,854 | -€442 | €15,123 | ▲ 3,523% |
| Income taxes67/77 | - | €2,596 | €1,114 | €2,155 | €3,057 | ▲ 41.8% |
| Profit (loss) for the period9904 | -€34,139 | -€416 | €72,740 | -€2,597 | €12,066 | ▲ 565% |
| Profit (loss) for the period to be appropriated9905 | -€34,139 | -€416 | €72,740 | -€2,597 | €12,066 | ▲ 565% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466,587 | €307,446 | €294,167 | €313,203 | €424,900 | ▲ 35.7% |
| Fixed assets21/28 | €79,211 | €260 | €75,026 | €164,849 | €217,254 | ▲ 31.8% |
| Tangible fixed assets22/27 | €4,182 | - | €0 | - | €52,405 | - |
| Furniture and vehicles24 | - | - | - | - | €52,405 | - |
| Financial fixed assets28 | €75,029 | €260 | €75,026 | €164,849 | €164,849 | = |
| Current assets29/58 | €387,376 | €307,186 | €219,141 | €148,354 | €207,646 | ▲ 40.0% |
| Amounts receivable within one year40/41 | €386,649 | €275,339 | €113,807 | €118,354 | €206,928 | ▲ 74.8% |
| Trade receivables40 | - | - | €14,874 | €2,878 | €17,665 | ▲ 514% |
| Other amounts receivable41 | - | - | €98,932 | €115,477 | €189,263 | ▲ 63.9% |
| Cash at bank and in hand54/58 | €335 | €7,812 | €335 | - | €585 | - |
| Deferred charges and accrued income490/1 | - | - | €105,000 | €30,000 | €133 | ▼ 99.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466,587 | €307,446 | €294,167 | €313,203 | €424,900 | ▲ 35.7% |
| Equity10/15 | -€49,650 | -€50,066 | €22,674 | €20,077 | €32,143 | ▲ 60.1% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €8,060 | ▲ 30.0% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€57,710 | -€58,126 | €14,614 | €12,017 | €24,083 | ▲ 100% |
| Amounts payable17/49 | €516,238 | €357,512 | €271,493 | €293,127 | €392,757 | ▲ 34.0% |
| Amounts payable after more than one year17 | €122,956 | €6,126 | €16,000 | €154,600 | €180,558 | ▲ 16.8% |
| Financial debts170/4 | - | - | - | €138,600 | €164,558 | ▲ 18.7% |
| Other amounts payable178/9 | - | - | €16,000 | €16,000 | €16,000 | = |
| Amounts payable within one year42/48 | €392,756 | €351,386 | €255,493 | €138,527 | €212,199 | ▲ 53.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €20,444 | - |
| Financial debts43 | - | - | €50,116 | €54,783 | €24,597 | ▼ 55.1% |
| Credit institutions430/8 | - | - | €50,116 | €54,783 | €24,597 | ▼ 55.1% |
| Trade debts44 | €321,119 | €296,966 | €97,797 | €3,105 | €47,336 | ▲ 1,424% |
| Suppliers440/4 | - | - | €97,797 | €3,105 | €47,336 | ▲ 1,424% |
| Taxes, remuneration and social security45 | - | - | €1,935 | €5,939 | €13,591 | ▲ 129% |
| Taxes450/3 | - | - | €152 | €5,280 | €12,762 | ▲ 142% |
| Remuneration and social security454/9 | - | - | €1,783 | €659 | €829 | ▲ 25.8% |
| Other amounts payable47/48 | - | - | €105,647 | €74,699 | €106,231 | ▲ 42.2% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,139 | -€416 | €72,740 | -€2,597 | €12,066 | ▲ 565% |
| + Depreciation and write-downs630 | €29,273 | €4,182 | - | - | €19,694 | - |
| Operating cash flow (approximation) | -€4,867 | €3,766 | €72,740 | -€2,597 | €31,760 | ▲ 1,323% |
| Investment in fixed assets (approximation) | - | €74,769 | - | -€89,823 | -€72,099 | ▲ 19.7% |
| Change in cash | - | €7,477 | - | - | - | - |
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
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Back to profitnet €12,066
Net result €12,066 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €72,740
Net result €72,740 after 2 loss-making years.
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 71 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
01-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Ans · 1 establishment unit since 2001
Ground area
1,880 m²
Building footprint
176 m²
Volume, LiDAR
806 m³
Parcel 62066A0015/00V000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Rue des Coquelicots 23, 4431 Ans
since 20012.257.577.010
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62066A0015/00V000 | Wallonia | 1,880 m² | 1 · 176 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 34,953 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
Founded26-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.