Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €142,817 in 2024.
Of this, €227,346 falls due within a year.
Short-term debts rose from €66,027 to €227,346.
The last four annual accounts were filed 3 to 178 days before the end of the period.
Lower net result than 91% of companies in computer and electronic products. Sector median €4,685 · 281 companies.
In July 2024, 6,007 companies had the same profile as Simulit has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,007 companies, not a prediction for Simulit. 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.
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.
| Company | ||||
|---|---|---|---|---|
| Simulit Dendermonde | €0.3m | -€38,882 | -7.6% | - |
| JOOZEF Ecaussinnes | €0.6m | -€57,264 | -25.2% | - |
| Lumency Brussels | €0.1m | -€55,571 | 83.0% | - |
| 6 SIGMA Antwerp | €0.1m | -€4,510 | 96.5% | - |
| ELEKTRYONE Brussels | €0.8m | -€95,031 | 98.3% | - |
| MULTIPOWR Evergem | €2.5m | -€50,941 | -3.4% | 4 |
| Inter@ctKiosks Affligem | €1.3m | -€49,685 | -24.9% | 2 |
These companies have the same main activity as Simulit: manufacture of computer, electronic and optical products (NACE 26110). They are comparable in size and age: total assets between €98,900 and €2.5m, founded between 2015 and 2023.
Simulit files the micro format. That format states no turnover. The gross margin fell from €47,127 in 2022 to -€38,882 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 18% of 282 companies in 2025.
Higher than 31% of 265 companies in 2025.
Higher than 18% of 269 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
294,911 | 346,958 | 224,494 | 105,304 | |
21/28 |
23,198 | 25,956 | 39,037 | 20,658 | |
21 |
6,166 | 8,649 | 11,132 | 1,428 | |
22/27 |
17,032 | 17,307 | 27,905 | 19,230 | |
23 |
12,987 | 10,319 | 13,162 | 5,468 | |
24 |
101 | 0 | 4,712 | 689 | |
25 |
3,944 | 6,987 | 10,030 | 13,074 | |
29/58 |
271,713 | 321,002 | 185,457 | 84,646 | |
3 |
91,964 | 56,354 | - | 1,098 | |
30/36 |
0 | 12,943 | - | 1,098 | |
37 |
91,964 | 43,411 | - | - | |
40/41 |
38,282 | 60,614 | 11,754 | 21,146 | |
40 |
35,442 | 60,191 | 6,709 | 21,102 | |
41 |
2,840 | 423 | 5,045 | 44 | |
50/53 |
- | - | - | 59,728 | |
54/58 |
138,201 | 194,701 | 167,220 | - | |
490/1 |
3,265 | 9,333 | 6,483 | 2,673 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
294,911 | 346,958 | 224,494 | 105,304 | |
10/15 |
-22,551 | 136,055 | -6,762 | -11,747 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
13 |
0 | 126,055 | - | - | |
133 |
0 | 126,055 | - | - | |
14 |
-32,551 | 0 | -16,762 | -21,747 | |
17/49 |
317,462 | 210,903 | 231,256 | 117,051 | |
17 |
87,696 | 34,874 | 43,551 | 70,896 | |
170/4 |
87,696 | 34,874 | 42,752 | 50,496 | |
178/9 |
- | 0 | 799 | 20,400 | |
42/48 |
227,346 | 66,027 | 186,414 | 45,744 | |
42 |
22,178 | 7,878 | 7,743 | 7,610 | |
44 |
158,524 | 13,476 | 174,230 | 8,930 | |
440/4 |
158,524 | 13,476 | 174,230 | 8,930 | |
46 |
- | - | - | 14,729 | |
45 |
46,644 | 44,673 | 4,441 | 13,643 | |
450/3 |
46,644 | 44,673 | 1,923 | 4,923 | |
454/9 |
- | 0 | 2,518 | 8,720 | |
47/48 |
- | - | - | 831 | |
492/3 |
2,420 | 110,002 | 1,290 | 411 | |
| Income statement | |||||
76A |
0 | 1,554 | - | - | |
9900 |
-38,882 | 193,114 | 47,030 | 47,127 | |
62 |
- | 0 | 34,015 | 59,431 | |
630 |
9,522 | 8,660 | 6,325 | 6,640 | |
640/8 |
1,376 | 1,138 | 618 | 93 | |
66A |
0 | 4,701 | 73 | - | |
9901 |
-49,779 | 178,616 | 5,998 | -19,037 | |
75/76B |
843 | 603 | 6 | 137 | |
75 |
843 | 603 | 6 | 137 | |
65/66B |
2,470 | 884 | 1,018 | 2,847 | |
65 |
2,470 | 884 | 1,018 | 2,847 | |
9903 |
-51,406 | 178,336 | 4,985 | -21,747 | |
67/77 |
0 | 35,519 | - | - | |
9904 |
-51,406 | 142,817 | 4,985 | -21,747 | |
9905 |
-51,406 | 142,817 | 4,985 | -21,747 | |
| Appropriation of the result | |||||
9906 |
-51,406 | 126,055 | -16,762 | -21,747 | |
14P |
0 | -16,762 | -21,747 | - | |
791/2 |
126,055 | - | - | - | |
691/2 |
0 | 126,055 | - | - | |
6921 |
0 | 126,055 | - | - | |
694/7 |
107,200 | - | - | - | |
694 |
107,200 | - | - | - | |
| Social balance sheet | |||||
9087 |
- | - | 0.9 | 0.7 | |
Hours worked1013 |
- | - | 1,459 | 1,991 | |
| Document | |||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-01-2026.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €173 | €173 |
| 2023 | 1 | €293 | €293 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -40,258 | 187,276 | 12,323 | -12,397 | ||
| -41,885 | 151,477 | 11,311 | -15,106 | ||
| 6,764 | 1,519 | 24,992 | 24,609 | ||
| -56,500 | 27,482 | - | - | ||
| 44,367 | 254,975 | -958 | 38,902 | ||
| -7.6% | 39.2% | -3.0% | -11.2% | ||
| 1.20 | 4.86 | 0.99 | 1.85 | ||
| 0.79 | 4.01 | 0.99 | 1.83 | ||
| - | 1.55 | - | - | ||
| - | 105.0% | - | - | ||
| -17.4% | 41.2% | 2.2% | -20.7% | ||
| -16.30 | over 100 | 12.10 | -4.35 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 30-06-2023 | 30-06-2022 |
|---|---|---|
| Employees at the balance-sheet date | - | 1 |
| full-time | - | 1 |
| in full-time equivalents | - | 1 |
| 0.9 | 0.7 | |
| On a permanent contract | - | 1 |
| Joined | 1 | 1 |
| Left | 2 | 1 |
Source: social balance sheet in the 2022 to 2023 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €6,764 | €1,519 | €14,617 | €22,569 |
| Intangible fixed assets | - | - | €10,375 | €2,040 |
| €9,522 | €8,660 | €6,325 | €6,640 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €49,779, after a profit of €178,616 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€317,462) exceeds the balance-sheet total (€294,911).
Simulit has no parent and no holdings in its annual accounts. is the only director. Simulit shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
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 |
|---|---|---|
| Sint-Gillislaan 189 registered office 9200 Dendermonde 2611001 Manufacture of computer, electronic and optical products | 29-09-2020 | 2.308.954.940 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42021A0389/00Y003 | 122 m² | 1 · 102 m² | 11.6 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0755.359.487
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