Simar
Simar has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €4k. Equity is shrinking by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 79 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
| Equity | €48k |
| Net result | €4k |
| Better than sector | 42% |
| Active | 19 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.5% | 34.0% | |
| Net result | €4k | €114k | |
| Equity | €48k | €630k | |
| Gross operating margin | €43k | €515k | |
| Total assets | €181k | €1.96M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | micro schema |
| Revenue | €120k | €90k | €114k | €88k |
| EBITDA | €42k | €47k | €45k | €45k |
| Net profit | €4k | €-5k | €-3k | €-4k |
| Cash flow | €39k | €45k | €46k | €47k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €181k | €132k | €182k | €195k |
| Equity | €48k | €77k | €81k | €87k |
| Debt | €133k | €55k | €101k | €108k |
| of which ≤ 1y | €82k | €22k | €60k | €63k |
| of which > 1y | €51k | €33k | €40k | €45k |
| Working capital | €-15k | €13k | €3k | €8k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.82 | 1.58 | 1.05 | 1.13 |
| Quick ratio | 0.82 | 1.58 | 1.05 | 1.13 |
| Working capital ratio | -8.1% | 9.6% | 1.7% | 4.1% |
| Solvency | 26.5% | 58.4% | 44.6% | 44.8% |
| Debt / equity | 2.77 | 0.71 | 1.24 | 1.23 |
| Long-term debt ratio | 1.07 | 0.43 | 0.50 | 0.52 |
| Interest coverage | 15.36 | 19.69 | 17.20 | 20.89 |
| Gross margin | 35.6% | 53.6% | 40.3% | 51.8% |
| Net margin | 3.0% | -5.3% | -2.9% | -4.4% |
| ROA | 2.0% | -3.6% | -1.8% | -2.0% |
| ROE | 7.5% | -6.2% | -4.1% | -4.4% |
| EBITDA margin | 35.3% | 52.9% | 39.8% | 51.5% |
| Days sales outstanding | 114d | 63d | 118d | 137d |
| Days payable outstanding | 147d | 8d | 132d | 52d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €181k | €132k | €182k | €195k |
| Fixed assets | 21/28 | €114k | €98k | €118k | €125k |
| Tangible fixed assets | 22/27 | €114k | €98k | €118k | €125k |
| Current assets | 29/58 | €67k | €34k | €63k | €71k |
| Amounts receivable within one year | 40/41 | €45k | €17k | €57k | €52k |
| Cash & bank | 54/58 | €22k | €17k | €6k | €19k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €181k | €132k | €182k | €195k |
| Equity | 10/15 | €48k | €77k | €81k | €87k |
| Contributions / capital | 10/11 | €19k | €52k | €51k | €51k |
| Accumulated profits (losses) | 14 | €29k | €25k | €30k | €33k |
| Amounts payable | 17/49 | €133k | €55k | €101k | €108k |
| Amounts payable after one year | 17 | €51k | €33k | €40k | €45k |
| Amounts payable within one year | 42/48 | €82k | €22k | €60k | €63k |
| Trade debts payable within one year | 44 | €31k | €865 | €25k | €6k |
| Income statement | |||||
| Turnover | 70 | €120k | €90k | €114k | €88k |
| Gross operating margin | 9900 | €43k | €48k | €46k | €46k |
| Operating result | 9901 | €7k | €-2k | €-4k | €-5k |
| Financial income | 75 | - | €0 | €3k | €4k |
| Financial charges | 65 | €3k | €2k | €3k | €2k |
| Result before taxes | 9903 | €4k | €-5k | €-3k | €-4k |
| Net result for the period | 9904 | €4k | €-5k | €-3k | €-4k |
| Result to be appropriated | 9905 | €4k | €-5k | €-3k | €-4k |
| NACE primary | Support activities for crop production(01610) |
| Legal form | Cooperative company(706) |
| Incorporation | 20-03-2007 |
| Status | Active |
| Postal code | 9100 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46444D0298/00B000 | Flanders | 3.5 ha | 1 · 3,487 m² | 10.4 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
19-12-2023 Board composition published
Technical details
{
"events": [
{
"kind": "board_snapshot",
"role": null,
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "7. Verklaring dat het adres van de zetel gevestigd zal blijven te 9100 Sint-Niklaas, Weverstraat 23.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": null,
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "8. De website van de vennootschap is www.simar-machinering.be Het e-mailadres van de vennootschap is simar@broeders.be",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Rafa\u00EBl Van der Veken",
"firm_city": null,
"firm_name": null,
"office_city": "Belsele",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-12-19",
"filing_date": "2023-12-15",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-11-20",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-11-20",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-11-20",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-11-20",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2023-11-20",
"unanimous": null
},
{
"body": "notarieel_alleen",
"date": "2023-11-20",
"unanimous": null
},
{
"body": "notarieel_alleen",
"date": "2023-11-20",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0888.081.520",
"name_full": "SIMAR",
"legal_form": "Co\u00F6peratieve vennootschap met beperkte aansprakelijkheid"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Rafa\u00EBl Van der Veken",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expeditie van de akte houdende statutenwijziging \u2013 de geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | Simar |