SIMAPI
ActiveSummary
SIMAPI has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-22k) and a net result of €-7k. Equity is shrinking by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▲+2
Solvency15▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.54 in 2024; short-term debt: 24.3% and cash: 1.2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
-9.6%
Return on assets
-3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €-22k
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 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
27 d late
2022
1 d late
2021
30 d late
2020
122 d late
2019
28 d late
2018
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-22k▼ 46.4%
2024 · €-15k
2018: €13k
2019: €10k▼ -21.5% vs 2018
2020: €32k▲ +205% vs 2019highest value
2021: €28k▼ -9.7% vs 2020
2022: €22k▼ -24.2% vs 2021
2024: €-15k
2025: €-22k▼ -46.4% vs 2024lowest value
2018 → 2025
Total assets
€230k▼ 20.3%
2024 · €288k
2018: €610khighest value
2019: €438k▼ -28.2% vs 2018
2020: €380k▼ -13.4% vs 2019
2021: €398k▲ +4.8% vs 2020
2022: €356k▼ -10.5% vs 2021
2024: €288k
2025: €230k▼ -20.3% vs 2024lowest value
2018 → 2025
Net result
€-7k▲ 48.2%
2024 · €-14k
2018: €9k
2019: €-3k▼ -131% vs 2018
2020: €21k▲ +848% vs 2019highest value
2021: €-3k▼ -114% vs 2020
2022: €-7k▼ -125% vs 2021
2024: €-14klowest value
2025: €-7k▲ +48.2% vs 2024
2018 → 2025
Working capital
€-51k▼ 23.2%
2024 · €-41k
2018: €-62klowest value
2019: €-58k▲ +6.6% vs 2018
2020: €-16k▲ +71.7% vs 2019
2021: €-17k▼ -2.0% vs 2020
2022: €-14k▲ +15.3% vs 2021highest value
2024: €-41k
2025: €-51k▼ -23.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€32k-€28k▼ 9.7%€22k▼ 24.2%€-15k€-22k▼ 46.4%
2020: €32khighest value
2021: €28k▼ -9.7% vs 2020
2022: €22k▼ -24.2% vs 2021
2024: €-15k
2025: €-22k▼ -46.4% vs 2024lowest value
Operating result€77k-€6k▼ 92.3%€2k▼ 59.7%€-5k€5k
2020: €77khighest value
2021: €6k▼ -92.3% vs 2020
2022: €2k▼ -59.7% vs 2021
2024: €-5klowest value
2025: €5k▲ +197% vs 2024
Net result€21k-€-3k€-7k▼ 125%€-14k▼ 96.5%€-7k▲ 48.2%
2020: €21khighest value
2021: €-3k▼ -114% vs 2020
2022: €-7k▼ -125% vs 2021
2024: €-14klowest value
2025: €-7k▲ +48.2% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230k
Fixed assets
€225k ▼ 6.0%
Current assets
€5k ▼ 89.8%
Key figures and ratios
EBITDA
€19k▲
2024 · €13k
Cash flow
€7k▲
2024 · €4k
Solvency
-9.6%▼
2024 · -5.2%
Current ratio
0.09▼
2024 · 0.54
Debt to equity
-11.41▲
2024 · -20.14
ROA
-3.0%▲
2024 · -4.7%
Interest coverage
1.62▲
2024 · 1.53
Debt
€252k▼
2024 · €303k
Debt ≤ 1 year
€56k▼
2024 · €90k
Debt > 1 year
€196k▼
2024 · €213k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€288k€230k▼
Fixed assets21/28€239k€225k▼
Tangible fixed assets22/27€236k€221k▼
Land and buildings22€227k€214k▼
Plant, machinery and equipment23€147-
Furniture and vehicles24€1k€903▼
Other tangible fixed assets26€8k€6k▼
Financial fixed assets28€3k€3k=
Current assets29/58€49k€5k▼
Amounts receivable within one year40/41€48k€2k▼
Trade receivables40€48k-
Other amounts receivable41-€2k
Cash at bank and in hand54/58€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€288k€230k▼
Equity10/15€-15k€-22k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-36k€-43k▼
Amounts payable17/49€303k€252k▼
Amounts payable after more than one year17€213k€196k▼
Financial debts170/4€213k€196k▼
Amounts payable within one year42/48€90k€56k▼
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€43k€39k▼
Suppliers440/4€43k€39k▼
Taxes, remuneration and social security45€895€202▼
Taxes450/3€895€202▼
Other amounts payable47/48€31k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€14k▼
Other operating charges640/8€15€50▲
Gross operating margin9900€13k€19k▲
Operating profit (loss)9901€-5k€5k▲
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€-14k€-7k▲
Profit (loss) for the period9904€-14k€-7k▲
Profit (loss) for the period to be appropriated9905€-14k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-43k▼
Profit (loss) brought forward from the previous period14P€-22k€-36k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42k | €30k | €26k | €18k | €14k | ▼ 19.7% |
| Other operating charges640/8 | - | - | - | €15 | €50 | ▲ 237% |
| Gross operating margin9900 | €119k | €36k | €28k | €13k | €19k | ▲ 51.5% |
| Operating profit (loss)9901 | €77k | €6k | €2k | €-5k | €5k | ▲ 197% |
| Financial charges65/66B | - | €9k | €9k | €8k | €12k | ▲ 42.8% |
| Recurring financial charges65 | €20k | €9k | €9k | €8k | €12k | ▲ 42.8% |
| Profit (loss) for the period before taxes9903 | €58k | €-3k | €-7k | €-14k | €-7k | ▲ 48.2% |
| Income taxes67/77 | €36k | - | - | - | - | - |
| Profit (loss) for the period9904 | €21k | €-3k | €-7k | €-14k | €-7k | ▲ 48.2% |
| Profit (loss) for the period to be appropriated9905 | €21k | €-3k | €-7k | €-14k | €-7k | ▲ 48.2% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €380k | €398k | €356k | €288k | €230k | ▼ 20.3% |
| Fixed assets21/28 | €324k | €306k | €281k | €239k | €225k | ▼ 6.0% |
| Tangible fixed assets22/27 | €321k | €303k | €278k | €236k | €221k | ▼ 6.1% |
| Land and buildings22 | - | €282k | €261k | €227k | €214k | ▼ 5.6% |
| Plant, machinery and equipment23 | - | €878 | €586 | €147 | - | - |
| Furniture and vehicles24 | - | €3k | €3k | €1k | €903 | ▼ 21.1% |
| Other tangible fixed assets26 | - | €18k | €13k | €8k | €6k | ▼ 18.4% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €55k | €92k | €75k | €49k | €5k | ▼ 89.8% |
| Amounts receivable within one year40/41 | €19k | €89k | €72k | €48k | €2k | ▼ 95.4% |
| Trade receivables40 | - | €50k | €48k | €48k | - | - |
| Other amounts receivable41 | - | €39k | €24k | - | €2k | - |
| Cash at bank and in hand54/58 | €36k | €3k | €3k | €1k | €3k | ▲ 122% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €380k | €398k | €356k | €288k | €230k | ▼ 20.3% |
| Equity10/15 | €32k | €28k | €22k | €-15k | €-22k | ▼ 46.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €11k | €8k | €1k | €-36k | €-43k | ▼ 19.7% |
| Amounts payable17/49 | €348k | €370k | €334k | €303k | €252k | ▼ 17.0% |
| Amounts payable after more than one year17 | €276k | €261k | €245k | €213k | €196k | ▼ 8.0% |
| Financial debts170/4 | - | €261k | €245k | €213k | €196k | ▼ 8.0% |
| Amounts payable within one year42/48 | €72k | €108k | €89k | €90k | €56k | ▼ 38.4% |
| Current portion of amounts payable after more than one year42 | - | €15k | €16k | €16k | €17k | ▲ 2.8% |
| Trade debts44 | €19k | €69k | €73k | €43k | €39k | ▼ 9.3% |
| Suppliers440/4 | - | €69k | €73k | €43k | €39k | ▼ 9.3% |
| Taxes, remuneration and social security45 | - | €24k | - | €895 | €202 | ▼ 77.5% |
| Taxes450/3 | - | €24k | - | €895 | €202 | ▼ 77.5% |
| Other amounts payable47/48 | - | - | - | €31k | - | - |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €-3k | €-7k | €-14k | €-7k | ▲ 48.2% |
| + Depreciation and write-downs630 | €42k | €30k | €26k | €18k | €14k | ▼ 19.7% |
| Operating cash flow (approximation) | €63k | €27k | €19k | €4k | €7k | ▲ 67.3% |
| Investment in fixed assets (approximation) | - | €-12k | €-1k | - | €0 | - |
| Change in cash | - | €-33k | €-308 | - | €2k | - |
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
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, La Bruyère · 2 establishment units since 2006
Ground area
2,091 m²
Building footprint
248 m²
Volume, LiDAR
1,044 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SIMAPI
since 20062.157.293.856
SIMAPI
since 20072.159.399.449
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92036C0045/00K000 | Wallonia | 1,274 m² | 1 · 153 m² | 9.1 m · 2 fl. |
| 92131A0137/00N000 | Wallonia | 817 m² | 1 · 94 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,026 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded13-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
Phone
010/848100La Bruyère
Fax
010/848109La Bruyère
Scores and ratios are computed by Checked and are not a credit decision.