SIMABO
Bankruptcy closedInactive since 17-07-2026; last annual accounts for fiscal year 2024.
Summary
SIMABO was declared bankrupt on 29-09-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-06-2026, published in the Belgian State Gazette on 22-07-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-398k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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
2025
not confirmed
2024
47 d late
2023
237 d late
2022
100 d late
2021
43 d late
2020
117 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-196k▼ 84.5%
2023 · €-106k
2018: €10k
2019: €3k
2020: €-74k
2021: €-19k
2022: €-57k
2023: €-106k
2018 → 2024
Working capital
€-309k▼ 25.4%
2023 · €-246k
2018: €-17k
2019: €-54k
2020: €-77k
2021: €-82k
2022: €-91k
2023: €-246k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-14k-€-33k▼ 139%€-92k▼ 183%€-200k▼ 117%€-398k▼ 98.8%
Operating result€-63k-€-5k▲ 91.3%€-44k▼ 702%€-92k▼ 109%€-184k▼ 99.8%
Net result€-74k-€-19k▲ 74.2%€-57k▼ 199%€-106k▼ 87.5%€-196k▼ 84.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €184k in 2024 against €92k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42k
Fixed assets
€25k ▼ 87.2%
Current assets
€17k ▼ 28.6%
Key figures and ratios
EBITDA
€-160k▼
2023 · €-64k
Cash flow
€-172k▼
2023 · €-78k
Solvency
-942.4%▼
2023 · -91.0%
Current ratio
0.05▼
2023 · 0.09
Quick ratio
0.04▼
2023 · 0.08
Debt to equity
-1.11▲
2023 · -2.10
ROA
-464.7%▼
2023 · -48.3%
Interest coverage
-12.99▼
2023 · -4.46
Debt
€440k▲
2023 · €420k
Debt ≤ 1 year
€326k▲
2023 · €270k
Debt > 1 year
€114k▼
2023 · €150k
Staff costs
€186k▼
2023 · €276k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€220k€42k▼
Fixed assets21/28€196k€25k▼
Tangible fixed assets22/27€193k€23k▼
Plant, machinery and equipment23€171k€9k▼
Furniture and vehicles24€10k€5k▼
Leasing and similar rights25€3k€2k▼
Other tangible fixed assets26€10k€7k▼
Financial fixed assets28€2k€2k=
Current assets29/58€24k€17k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41-€11k
Trade receivables40-€11k
Cash at bank and in hand54/58€21k€2k▼
Equity and liabilities
Total equity and liabilities10/49€220k€42k▼
Equity10/15€-200k€-398k▼
Contributions10/11€40k€40k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Profit (loss) carried forward14€-253k€-449k▼
Investment grants15€10k€9k▼
Amounts payable17/49€420k€440k▲
Amounts payable after more than one year17€150k€114k▼
Financial debts170/4€150k€114k▼
Amounts payable within one year42/48€270k€326k▲
Current portion of amounts payable after more than one year42€76k€55k▼
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€73k€99k▲
Suppliers440/4€73k€99k▲
Taxes, remuneration and social security45€72k€80k▲
Taxes450/3€508€5k▲
Remuneration and social security454/9€72k€75k▲
Other amounts payable47/48€49k€66k▲
Income statement
Code20232024
Remuneration, social security and pensions62€276k€186k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€24k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€216k€31k▼
Operating profit (loss)9901€-92k€-184k▼
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Profit (loss) for the period before taxes9903€-106k€-196k▼
Income taxes67/77€30-
Profit (loss) for the period9904€-106k€-196k▼
Profit (loss) for the period to be appropriated9905€-106k€-196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-253k€-449k▼
Profit (loss) brought forward from the previous period14P€-147k€-253k▼
Social balance
Average headcount (FTE)90877.3-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-07
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · event 30-06-2026
2025
06-10
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-09-2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 47 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 237 days late
2024
31-12
Financial
Weakest financial yearnet €-196k
Net result drops to €-196k, the lowest in the series.
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 100 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 43 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 618 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Watermaal-Bosvoorde
Ground area
108 m²
Building footprint
74 m²
Volume, LiDAR
635 m³
Parcel 21652E0027/00V020, Brussels · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0027/00V020 | Brussels | 108 m² | 1 · 74 m² | 12.5 m · 3 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 IXELLES |
29-09-2025 → 30-06-2026 |
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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 21,853 companies in sector 56112 we hold annual accounts for 9,765. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.