Similitude System
ActiveSummary
The computed 12-month bankruptcy probability of Similitude System is 2.7% (moderate). The 2024 annual accounts show negative equity (€-16k) and a net result of €-16k. Equity is shrinking by ~122.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 878 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
18
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0▼-28
Growth32=
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Age of the figures
Age of the figures
21 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
244 d late
2022
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-16k
2023 · €252
2022: €11k
2023: €252
2022 → 2024
Total assets
€3k▼ 67.2%
2023 · €8k
2022: €15k
2023: €8k
2022 → 2024
Net result
€-16k▼ 50.4%
2023 · €-11k
2022: €9k
2023: €-11k
2022 → 2024
Working capital
€-15k▼ 14,162%
2023 · €-106
2022: €10k
2023: €-106
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€11k-€252▼ 97.7%€-16k
Operating result€11k-€-8k€-14k▼ 67.8%
Net result€9k-€-11k€-16k▼ 50.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
EBITDA
€-14k▼
2023 · €-8k
Cash flow
€-16k▼
2023 · €-10k
Interest coverage
-6.34▼
2023 · -2.75
Debt
€19k▲
2023 · €8k
Debt ≤ 1 year
€18k▲
2023 · €8k
Income taxes
€193▲
2023 · €-230
Staff costs
€5k▲
2023 · €28
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
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 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€8k€3k▼
Fixed assets21/28€358-
Tangible fixed assets22/27€358-
Furniture and vehicles24€358-
Current assets29/58€8k€3k▼
Amounts receivable within one year40/41€8k€3k▼
Trade receivables40€575€844▲
Other amounts receivable41€7k€2k▼
Cash at bank and in hand54/58€314€112▼
Equity and liabilities
Total equity and liabilities10/49€8k€3k▼
Equity10/15€252€-16k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-2k€-19k▼
Amounts payable17/49€8k€19k▲
Amounts payable within one year42/48€8k€18k▲
Trade debts44€139-
Suppliers440/4€139-
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€7k€1k▼
Remuneration and social security454/9€800€602▼
Other amounts payable47/48€500€16k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Remuneration, social security and pensions62€28€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€787€358▼
Other operating charges640/8€711€587▼
Gross operating margin9900€-7k€-8k▼
Operating profit (loss)9901€-8k€-14k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-11k€-16k▼
Income taxes67/77€-230€193▲
Profit (loss) for the period9904€-11k€-16k▼
Profit (loss) for the period to be appropriated9905€-11k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-19k▼
Profit (loss) brought forward from the previous period14P€9k€-2k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
01-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 244 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
2023
15-07
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, Zaventem · 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.
Excelsiorlaan 311930 ZaventemGround area
1,858 m²
Building footprint
596 m²
Volume, LiDAR
4,741 m³
Parcel 23094D0045/00P003, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Similitude System
since 20222.332.654.416
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0045/00P003 | Flanders | 1,858 m² | 1 · 596 m² | 13.3 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.
Similar companies · same sector, comparable size
DWYT
BE 0791.395.185
Blégny · Eq €211
WiBIT
BE 0883.692.863
Langemark-Poelkapelle · Eq €201
Instomar International
BE 0553.862.575
Tienen · Eq €348
CloudBlue
BE 1000.903.012
Elsene · Eq €526
PERFECTOR
BE 0730.896.582
Blankenberge · Eq €534
Of 1,284 companies in sector 58290 we hold annual accounts for 593. 23 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
61200Telecommunications resale and intermediation services
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.