SIMURG
ActiveSummary
The computed 12-month bankruptcy probability of SIMURG is 2.9% (moderate). The 2025 annual accounts show negative equity (-€30,321) and a net result of €758. Equity is shrinking by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 1327 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+44
Solvency0=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.8 against 1.12 in 2024; short-term debt: 123.2% and cash: 67.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-106%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1327 sector peers (2025).
NBB · sector comparisonPosition among 1327 sector peers
Solvency
better than 5%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
12 d late
2023
54 d early
2022
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 July (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€30,321▲ 2.4%
2024 · -€31,078
Total assets
€28,597▼ 66.6%
2024 · €85,651
Net result
€758
2024 · -€21,797
Working capital
-€7,123
2024 · €8,819
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€13,911-€2,655-€18,134€7,266
Net result-€13,944below the sector's middle half-€2,163within the sector's middle half-€21,797below the sector's middle half€758below the sector's middle half
Equity-€11,444below the sector's middle half--€9,281below the sector's middle half▲ 18.9%-€31,078below the sector's middle half▼ 235%-€30,321below the sector's middle half▲ 2.4%
Total assets€11,546below the sector's middle half-€44,991below the sector's middle half▲ 290%€85,651within the sector's middle half▲ 90.4%€28,597below the sector's middle half▼ 66.6%
Debt€22,990-€54,272▲ 136%€116,730▲ 115%€58,918▼ 49.5%
Working capital-€11,444below the sector's middle half-€4,740within the sector's middle half€8,819within the sector's middle half▲ 86.1%-€7,123below the sector's middle half
Solvency-99.1%below the sector's middle half--20.6%below the sector's middle half▲ 78.5pp-36.3%below the sector's middle half▼ 15.7pp-106.0%below the sector's middle half▼ 69.7pp
Current ratio0.50below the sector's middle half-1.15within the sector's middle half▲ 0.651.12within the sector's middle half▼ 0.030.80below the sector's middle half▼ 0.32
Return on assets (ROA)-120.8%below the sector's middle half-4.8%within the sector's middle half▲ 125.6pp-25.4%below the sector's middle half▼ 30.3pp2.6%within the sector's middle half▲ 28.1pp
Staff (FTE)2.8-2.2▼ 21.4%
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,266 after a loss of €18,134 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,597
Fixed assets
€500 =
Current assets
€28,097 ▼ 67.0%
Key figures and ratios
Quick ratio
0.70▼
2024 · 0.88
Debt to equity
-1.94▲
2024 · -3.76
Debt ≤ 1 year
€35,219▼
2024 · €76,332
Debt > 1 year
€23,698▼
2024 · €40,397
Income taxes
€148▲
2024 · €124
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 907 companies that looked in July 2024 the way this one looks now, 6.0% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
6.0%
went bankrupt
3.7%
stopped otherwise
89%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 907 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €10,062 | €19,152 | €1,037 | - | - |
| Other operating charges640/8 | €266 | €109 | €796 | €1,600 | ▲ 101% |
| Gross operating margin9900 | -€3,583 | €21,916 | -€16,301 | €8,866 | ▲ 154% |
| Operating profit (loss)9901 | -€13,911 | €2,655 | -€18,134 | €7,266 | ▲ 140% |
| Financial income75/76B | - | - | €100 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €100 | €0 | ▼ 100.0% |
| Financial charges65/66B | €33 | €492 | €3,640 | €6,360 | ▲ 74.7% |
| Recurring financial charges65 | €33 | €492 | €3,640 | €6,360 | ▲ 74.7% |
| Profit (loss) for the period before taxes9903 | -€13,944 | €2,163 | -€21,673 | €906 | ▲ 104% |
| Income taxes67/77 | - | - | €124 | €148 | ▲ 19.9% |
| Profit (loss) for the period9904 | -€13,944 | €2,163 | -€21,797 | €758 | ▲ 103% |
| Profit (loss) for the period to be appropriated9905 | -€13,944 | €2,163 | -€21,797 | €758 | ▲ 103% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,546 | €44,991 | €85,651 | €28,597 | ▼ 66.6% |
| Fixed assets21/28 | - | €8,700 | €500 | €500 | = |
| Financial fixed assets28 | - | €8,700 | €500 | €500 | = |
| Current assets29/58 | €11,546 | €36,291 | €85,151 | €28,097 | ▼ 67.0% |
| Stocks and contracts in progress3 | €211 | €7,000 | €17,861 | €3,500 | ▼ 80.4% |
| Stocks30/36 | €211 | €7,000 | €17,861 | €3,500 | ▼ 80.4% |
| Amounts receivable within one year40/41 | €6,994 | €5,842 | €52,628 | €5,298 | ▼ 89.9% |
| Trade receivables40 | €4,498 | €5,842 | €52,628 | €5,298 | ▼ 89.9% |
| Other amounts receivable41 | €2,496 | - | - | - | - |
| Cash at bank and in hand54/58 | €4,291 | €23,316 | €13,115 | €19,299 | ▲ 47.1% |
| Deferred charges and accrued income490/1 | €50 | €133 | €1,547 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,546 | €44,991 | €85,651 | €28,597 | ▼ 66.6% |
| Equity10/15 | -€11,444 | -€9,281 | -€31,078 | -€30,321 | ▲ 2.4% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€13,944 | -€11,781 | -€33,578 | -€32,821 | ▲ 2.3% |
| Amounts payable17/49 | €22,990 | €54,272 | €116,730 | €58,918 | ▼ 49.5% |
| Amounts payable after more than one year17 | - | €22,721 | €40,397 | €23,698 | ▼ 41.3% |
| Financial debts170/4 | - | €22,721 | €40,397 | €23,698 | ▼ 41.3% |
| Amounts payable within one year42/48 | €22,990 | €31,551 | €76,332 | €35,219 | ▼ 53.9% |
| Current portion of amounts payable after more than one year42 | - | €5,505 | €13,580 | €16,699 | ▲ 23.0% |
| Trade debts44 | €759 | €7,505 | €56,332 | €2,036 | ▼ 96.4% |
| Suppliers440/4 | €759 | €7,505 | €56,332 | €2,036 | ▼ 96.4% |
| Taxes, remuneration and social security45 | €2,211 | €4,600 | €492 | €3,075 | ▲ 525% |
| Taxes450/3 | - | €4,600 | €492 | €3,075 | ▲ 525% |
| Remuneration and social security454/9 | €2,211 | - | - | - | - |
| Other amounts payable47/48 | €20,020 | €13,942 | €5,929 | €13,410 | ▲ 126% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,944 | €2,163 | -€21,797 | €758 | ▲ 103% |
| Operating cash flow (approximation) | -€13,944 | €2,163 | -€21,797 | €758 | ▲ 103% |
| Investment in fixed assets (approximation) | - | - | €8,200 | €0 | ▼ 100% |
| Change in cash | - | €19,025 | -€10,200 | €6,184 | ▲ 161% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €758
Net result €758 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Weakest financial yearnet -€21,797
Net result drops to -€21,797, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2,163
Net result €2,163 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.15
Current ratio from 0.50 to 1.15.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 2021
Ground area
143 m²
Building footprint
52 m²
Volume, LiDAR
417 m³
Parcel 11383B0649/00G002, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hof ter Groenstraat 21, 2660 Antwerpen
since 20212.320.992.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0649/00G002 | Flanders | 143 m² | 1 · 52 m² | 8.9 m · 3 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
43211General electrical installation work
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772719222
Registered
07-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.