SIMUSI
ActiveSummary
SIMUSI has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €145,195 and a net result of €176,053. Equity has been growing by about 53% per year since 2022. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-12-2022 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.340.579.514 6280 Gerpinnes, since 13-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 15-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €242,831
- ▲ 67.9%
- Turnover
- ≈ €610,000
- estimated
- Profit
- €176,053
- ▲ 69.8%
- Equity
- €145,195
- ▼ 34.6%
- Total assets
- €426,916
- ▲ 85.9%
Score breakdownraises riskFounded in 2022lowers riskSize: total assets €426,916Liquidity: current ratio 1.50, cash €287,978No main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 35% of them on solvency, 61% on liquidity, 90% on profitability and 12% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 89 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 01-04-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 73% higher than in 2024 and the highest since 2022. It is the third rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €27,895 | - | €2,592 |
| Depreciation and write-downs of the year | - | €6,523 | €9,798 | €9,514 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,523 | €9,798 | €9,514 | ▼ 2.9% |
| Other operating charges640/8 | €440 | €448 | €451 | €465 | ▲ 3.2% |
| Gross operating margin9900 | €20,650 | €134,149 | €144,595 | €242,831 | ▲ 67.9% |
| Operating profit (loss)9901 | €20,210 | €127,178 | €134,345 | €232,851 | ▲ 73.3% |
| Financial charges65/66B | - | €824 | €27 | €182 | ▲ 570% |
| Recurring financial charges65 | - | €824 | €27 | €182 | ▲ 570% |
| Profit (loss) for the period before taxes9903 | €20,210 | €126,354 | €134,318 | €232,669 | ▲ 73.2% |
| Income taxes67/77 | €5,053 | €28,072 | €30,616 | €56,617 | ▲ 84.9% |
| Profit (loss) for the period9904 | €15,158 | €98,282 | €103,702 | €176,053 | ▲ 69.8% |
| Profit (loss) for the period to be appropriated9905 | €15,158 | €98,282 | €103,702 | €176,053 | ▲ 69.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28,235 | €126,173 | €229,643 | €426,916 | ▲ 85.9% |
| Fixed assets21/28 | - | €21,372 | €11,573 | €4,651 | ▼ 59.8% |
| Tangible fixed assets22/27 | - | €21,372 | €11,573 | €4,651 | ▼ 59.8% |
| Furniture and vehicles24 | - | €21,372 | €11,573 | €4,651 | ▼ 59.8% |
| Current assets29/58 | €28,235 | €104,801 | €218,070 | €422,265 | ▲ 93.6% |
| Amounts receivable within one year40/41 | €23,235 | €22,395 | €70,586 | €133,313 | ▲ 88.9% |
| Trade receivables40 | €23,235 | €22,395 | €70,586 | €133,313 | ▲ 88.9% |
| Cash at bank and in hand54/58 | €5,000 | €79,997 | €146,499 | €287,978 | ▲ 96.6% |
| Deferred charges and accrued income490/1 | - | €2,409 | €985 | €974 | ▼ 1.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28,235 | €126,173 | €229,643 | €426,916 | ▲ 85.9% |
| Equity10/15 | €20,158 | €118,440 | €222,142 | €145,195 | ▼ 34.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €15,158 | €113,440 | €217,142 | €140,195 | ▼ 35.4% |
| Amounts payable17/49 | €8,077 | €7,733 | €7,501 | €281,721 | ▲ 38× |
| Amounts payable within one year42/48 | €8,077 | €7,733 | €7,501 | €281,721 | ▲ 38× |
| Trade debts44 | €3,024 | €787 | €1,069 | €917 | ▼ 14.3% |
| Suppliers440/4 | €3,024 | €787 | €1,069 | €917 | ▼ 14.3% |
| Taxes, remuneration and social security45 | €5,053 | €4,079 | €4,743 | €64,567 | ▲ 14× |
| Taxes450/3 | €5,053 | €4,079 | €4,743 | €64,567 | ▲ 14× |
| Other amounts payable47/48 | - | €2,867 | €1,689 | €216,237 | ▲ 128× |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,158 | €98,282 | €103,702 | €176,053 | ▲ 69.8% |
| + Depreciation and write-downs630 | - | €6,523 | €9,798 | €9,514 | ▼ 2.9% |
| Operating cash flow (approximation) | €15,158 | €104,806 | €113,501 | €185,567 | ▲ 63.5% |
| Investment in fixed assets (approximation) | - | - | €0 | -€2,592 | - |
| Change in cash | - | €74,997 | €66,502 | €141,479 | ▲ 113% |
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, 39,278 companies had the same profile as SIMUSI has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SIMUSI itself is lower: 0.1% within 12 months. It rests on far more data about SIMUSI than the profile alone.
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 39,278 companies, not a prediction for SIMUSI. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- SIMOENS Gaëtan Marie 100 shares (100%) · €5,000 in cash
Capital transactions
- 15-12-2022 Incorporation · €5,000 · 100 shares
Mandate history
- Board
- end not dated
| Name | Functions and periods |
|---|---|
| SIMOENS GAETEAN |
|
| SIMOENS Gaëtan Marie |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d'administration, médecin légalement habilité à exercer l'art de guérir en Belgique et inscrit au Tableau de l'Ordre”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 15-12-2022 (in French)
Network & group
SIMUSI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SIMUSI. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-02
Gazette deed
Registered office moved from Gerpinnes to NalinnesNew seat: Rue Grogerie, 99A/02 à 6120 NALINNES · Previous seat: Rue de Bertransart, 50 Bte 3-6280 GERPINNES2 points ▸
- General meeting, 20-01-2024
- Registered-office move, Rue Grogerie, 99A/02 à 6120 NALINNES
15-12
Gazette deed
IncorporationStarting capital €5,000 · Appointment: SIMOENS Gaëtan Marie (director) · Registered office clause · Pre-incorporation commitments7 points ▸
- Registered office clause, “6280 Gerpinnes,rue de Bertransart 50/3” (deed in French)
- Director appointment, SIMOENS Gaëtan Marie (director (not named in the articles))
- Pre-incorporation commitments, “reprise, tous les engagements et obligations pris par le fondateur au nom et pour compte de la société en formation” (deed in French)
- Incorporation, 13-12-2022
- Founder, SIMOENS Gaëtan Marie
- Founding capital, €5,000
- Bank account, “comptespécial, sociétéenformation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue de Bertransart, 50 Bte 3, 6280 Gerpinnes until 20-01-2024 · act of 15-02-2024
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52025A0313/00M040 | Wallonia | 2,319 m² | 1 · 235 m² | 11.6 m · 3 |
| 56058A1179/00A000 | Wallonia | 1,155 m² | 1 · 297 m² | 3.3 m |