SIMUSIN'
ActiveThe computed 12-month bankruptcy probability of SIMUSIN' is 2.1% (moderate). The 2025 annual accounts show equity of €2k and a net result of €11k. Equity is shrinking by ~31% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 1893 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▲+39
Solvency26▲+4
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.6%
Return on assets
3.8%
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 10% of 1893 sector peers (2025).
NBB · sector comparisonPosition among 1893 sector peers
Solvency
better than 10%
← 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 09-07-2026, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
22 d early
2024
22 d early
2023
17 d early
2022
27 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€2k
2024 · €-9k
2022: €7k
2023: €6k
2024: €-9k
2022 → 2025
Total assets
€282k▲ 3.5%
2024 · €273k
2022: €53k
2023: €144k
2024: €273k
2022 → 2025
Net result
€11k
2024 · €-15k
2022: €4k
2023: €-1k
2024: €-15k
2022 → 2025
Working capital
€-40k▲ 26.9%
2024 · €-55k
2022: €-9k
2023: €-75k
2024: €-55k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€7k-€6k▼ 15.6%€-9k€2k
Operating result€6k-€-42€1k€22k▲ 1,643%
Net result€4k-€-1k€-15k▼ 1,245%€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,643% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282k
Fixed assets
€239k▼ 7.9%
Current assets
€43k▲ 230%
Equity and liabilities €282k
Equity
€2k
Debt
€280k
Debt finances 99.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€48k▲
2024 · €18k
Cash flow
€37k▲
2024 · €1k
Solvency
0.6%▲
2024 · -3.4%
Current ratio
0.52▲
2024 · 0.19
Quick ratio
0.52▲
2024 · 0.19
ROE
670.3%
ROA
3.8%▲
2024 · -5.6%
Interest coverage
4.92▲
2024 · 1.76
Debt
€280k▼
2024 · €282k
Debt ≤ 1 year
€83k▲
2024 · €68k
Debt > 1 year
€198k▼
2024 · €214k
Income taxes
€1k▼
2024 · €6k
A ratio outside any meaningful range has been withheld (balance sheet total €282k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€273k€282k▲
Fixed assets21/28€260k€239k▼
Tangible fixed assets22/27€260k€239k▼
Land and buildings22€182k€175k▼
Plant, machinery and equipment23€61k€57k▼
Furniture and vehicles24€10k€5k▼
Leasing and similar rights25€7k€2k▼
Current assets29/58€13k€43k▲
Amounts receivable within one year40/41€2k€35k▲
Trade receivables40€2k€35k▲
Other amounts receivable41€509-
Cash at bank and in hand54/58€10k€7k▼
Deferred charges and accrued income490/1€491€519▲
Equity and liabilities
Total equity and liabilities10/49€273k€282k▲
Equity10/15€-9k€2k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-12k€-1k▲
Amounts payable17/49€282k€280k▼
Amounts payable after more than one year17€214k€198k▼
Financial debts170/4€214k€198k▼
Amounts payable within one year42/48€68k€83k▲
Current portion of amounts payable after more than one year42€20k€17k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Other amounts payable47/48€43k€54k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€26k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€100
Other operating charges640/8€529€1k▲
Gross operating margin9900€19k€49k▲
Operating profit (loss)9901€1k€22k▲
Financial income75/76B€62€159▲
Recurring financial income75€62€159▲
Financial charges65/66B€10k€10k▼
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€-9k€12k▲
Income taxes67/77€6k€1k▼
Profit (loss) for the period9904€-15k€11k▲
Profit (loss) for the period to be appropriated9905€-15k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-1k▲
Profit (loss) brought forward from the previous period14P€3k€-12k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Frasnes-lez-Anvaing · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Cure(AW) 47910 Frasnes-lez-AnvaingGround area
560 m²
Building footprint
131 m²
Parcel 57088A0277/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SIMUSIN'
since 20222.331.855.947
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57088A0277/00D000 | Wallonia | 560 m² | 1 · 131 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 3,463 companies in sector 25530 we hold annual accounts for 1,657. 119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2022
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
33120Repair and maintenance of machinery
43990Other specialised construction activities
43999Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:simusin@outlook.com
Phone:+32479220346