Simonyan
ActiveSummary
Simonyan has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €26k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 55% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+13
Solvency76▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.46 in 2024; short-term debt: 33.6% and cash: 35.4% of total assets), and 48.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
51.5%
Return on assets
19.4%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
29 d early
2024
26 d late
2023
26 d late
2022
31 d late
2021
11 d late
2020
82 d late
2019
9 d early
← 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, micro schema
Turnover
€326k
EBIT margin
10.9%
Net result
€26k▲ 174%
2024 · €10k
2018: €4k
2019: €2k▼ -38.3% vs 2018
2020: €880▼ -64.7% vs 2019
2021: €2k▲ +157% vs 2020
2022: €821▼ -63.8% vs 2021lowest in 8 years
2023: €5k▲ +531% vs 2022
2024: €10k▲ +86.9% vs 2023
2025: €26k▲ +174% vs 2024highest in 8 years
2018 → 2025
Working capital
€44k▲ 85.0%
2024 · €24k
2018: €5klowest in 8 years
2019: €10k▲ +103% vs 2018
2020: €7k▼ -28.8% vs 2019
2021: €13k▲ +79.7% vs 2020
2022: €5k▼ -60.1% vs 2021
2023: €5k▲ +1.5% vs 2022
2024: €24k▲ +335% vs 2023
2025: €44k▲ +85.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€326k
Equity€28k-€29k▲ 2.9%€34k▲ 17.8%€44k▲ 28.2%€70k▲ 60.3%
2021: €28klowest in 5 years
2022: €29k▲ +2.9% vs 2021
2023: €34k▲ +17.8% vs 2022
2024: €44k▲ +28.2% vs 2023
2025: €70k▲ +60.3% vs 2024highest in 5 years
Operating result€3k-€834▼ 73.7%€9k▲ 1,036%€15k▲ 59.4%€36k▲ 136%
2021: €3k
2022: €834▼ -73.7% vs 2021lowest in 5 years
2023: €9k▲ +1036% vs 2022
2024: €15k▲ +59.4% vs 2023
2025: €36k▲ +136% vs 2024highest in 5 years
Net result€2k-€821▼ 63.8%€5k▲ 531%€10k▲ 86.9%€26k▲ 174%
2021: €2k
2022: €821▼ -63.8% vs 2021lowest in 5 years
2023: €5k▲ +531% vs 2022
2024: €10k▲ +86.9% vs 2023
2025: €26k▲ +174% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 136% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€47k ▼ 16.5%
Current assets
€90k ▲ 19.5%
Equity and liabilities €137k
Equity
€70k ▲ 60.3%
Debt
€66k ▼ 24.2%
Debt's share of the balance-sheet total falls from 66.6% to 48.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €40k
Cash flow
€47k▲
2024 · €35k
Current ratio
1.95▲
2024 · 1.46
Debt to equity
0.94▼
2024 · 1.99
ROE
37.6%▲
2024 · 22.0%
ROA
19.4%▲
2024 · 7.4%
Interest coverage
29.25▲
2024 · 12.16
Debt ≤ 1 year
€46k▼
2024 · €51k
Debt > 1 year
€20k▼
2024 · €36k
Income taxes
€8k▲
2024 · €3k
Staff costs
€38k▼
2024 · €47k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€132k€137k▲
Fixed assets21/28€57k€47k▼
Tangible fixed assets22/27€57k€47k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€6k€6k▲
Leasing and similar rights25€49k€34k▼
Current assets29/58€75k€90k▲
Amounts receivable within one year40/41€34k€41k▲
Trade receivables40€29k€27k▼
Other amounts receivable41€5k€14k▲
Cash at bank and in hand54/58€41k€48k▲
Deferred charges and accrued income490/1€414€414=
Equity and liabilities
Total equity and liabilities10/49€132k€137k▲
Equity10/15€44k€70k▲
Contributions10/11€19k€19k=
Reserves13€25k€52k▲
Non-distributable reserves130/1€202€202=
Reserves not available under the articles1311€202€202=
Distributable reserves133€25k€52k▲
Amounts payable17/49€88k€66k▼
Amounts payable after more than one year17€36k€20k▼
Financial debts170/4€36k€20k▼
Amounts payable within one year42/48€51k€46k▼
Current portion of amounts payable after more than one year42€14k€18k▲
Trade debts44€30k€11k▼
Suppliers440/4€30k€11k▼
Taxes, remuneration and social security45€7k€17k▲
Taxes450/3€3k€14k▲
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48€4-
Income statement
Code20242025
Turnover70-€326k
Goods, raw materials, services and sundry goods60/61-€230k
Remuneration, social security and pensions62€47k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€20k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€89k€97k▲
Operating profit (loss)9901€15k€36k▲
Financial income75/76B€764€505▼
Recurring financial income75€764€505▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€13k€34k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€10k€26k▲
Profit (loss) for the period to be appropriated9905€10k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€26k▲
Transfer to equity691/2€10k€26k▲
To other reserves6921€10k€26k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €326k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €230k | - |
| Remuneration, social security and pensions62 | €4k | €10k | €17k | €47k | €38k | ▼ 19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €10k | €26k | €25k | €20k | ▼ 19.7% |
| Other operating charges640/8 | €2k | €1k | €3k | €2k | €3k | ▲ 71.7% |
| Gross operating margin9900 | €21k | €22k | €56k | €89k | €97k | ▲ 8.8% |
| Operating profit (loss)9901 | €3k | €834 | €9k | €15k | €36k | ▲ 136% |
| Financial income75/76B | €485 | €624 | €34 | €764 | €505 | ▼ 33.9% |
| Recurring financial income75 | €485 | €624 | €34 | €764 | €505 | ▼ 33.9% |
| Financial charges65/66B | €953 | €341 | €4k | €3k | €2k | ▼ 42.3% |
| Recurring financial charges65 | €953 | €341 | €4k | €3k | €2k | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | €3k | €1k | €5k | €13k | €34k | ▲ 172% |
| Income taxes67/77 | €443 | €297 | €256 | €3k | €8k | ▲ 167% |
| Profit (loss) for the period9904 | €2k | €821 | €5k | €10k | €26k | ▲ 174% |
| Profit (loss) for the period to be appropriated9905 | €2k | €821 | €5k | €10k | €26k | ▲ 174% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43k | €57k | €120k | €132k | €137k | ▲ 4.0% |
| Fixed assets21/28 | €20k | €24k | €78k | €57k | €47k | ▼ 16.5% |
| Tangible fixed assets22/27 | €20k | €24k | €78k | €57k | €47k | ▼ 16.5% |
| Plant, machinery and equipment23 | €7k | €7k | €4k | €2k | €7k | ▲ 249% |
| Furniture and vehicles24 | €13k | €18k | €9k | €6k | €6k | ▲ 13.2% |
| Leasing and similar rights25 | - | - | €64k | €49k | €34k | ▼ 31.2% |
| Current assets29/58 | €23k | €32k | €42k | €75k | €90k | ▲ 19.5% |
| Stocks and contracts in progress3 | €16k | €5k | - | - | - | - |
| Stocks30/36 | €12k | - | - | - | - | - |
| Contracts in progress37 | €4k | €5k | - | - | - | - |
| Amounts receivable within one year40/41 | €2k | €17k | €15k | €34k | €41k | ▲ 20.2% |
| Trade receivables40 | €318 | €10k | €12k | €29k | €27k | ▼ 6.1% |
| Other amounts receivable41 | €2k | €7k | €2k | €5k | €14k | ▲ 165% |
| Cash at bank and in hand54/58 | €5k | €9k | €23k | €41k | €48k | ▲ 19.1% |
| Deferred charges and accrued income490/1 | - | €747 | €4k | €414 | €414 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43k | €57k | €120k | €132k | €137k | ▲ 4.0% |
| Equity10/15 | €28k | €29k | €34k | €44k | €70k | ▲ 60.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €10k | €10k | €16k | €25k | €52k | ▲ 105% |
| Non-distributable reserves130/1 | €202 | €202 | €202 | €202 | €202 | = |
| Reserves not available under the articles1311 | €202 | €202 | €202 | €202 | €202 | = |
| Distributable reserves133 | €9k | €10k | €15k | €25k | €52k | ▲ 105% |
| Amounts payable17/49 | €15k | €27k | €86k | €88k | €66k | ▼ 24.2% |
| Amounts payable after more than one year17 | €5k | €671 | €49k | €36k | €20k | ▼ 43.6% |
| Financial debts170/4 | €5k | €671 | €49k | €36k | €20k | ▼ 43.6% |
| Amounts payable within one year42/48 | €10k | €27k | €37k | €51k | €46k | ▼ 10.5% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €17k | €14k | €18k | ▲ 25.0% |
| Trade debts44 | - | €16k | €13k | €30k | €11k | ▼ 62.0% |
| Suppliers440/4 | - | €16k | €13k | €30k | €11k | ▼ 62.0% |
| Taxes, remuneration and social security45 | €5k | €2k | €3k | €7k | €17k | ▲ 134% |
| Taxes450/3 | €4k | €1k | €1k | €3k | €14k | ▲ 293% |
| Remuneration and social security454/9 | €369 | €991 | €2k | €4k | €3k | ▼ 11.6% |
| Other amounts payable47/48 | €1k | €4k | €3k | €4 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €821 | €5k | €10k | €26k | ▲ 174% |
| + Depreciation and write-downs630 | €12k | €10k | €26k | €25k | €20k | ▼ 19.7% |
| Operating cash flow (approximation) | €14k | €10k | €32k | €35k | €47k | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | €-14k | €-80k | €-4k | €-11k | ▼ 170% |
| Change in cash | - | €4k | €14k | €17k | €8k | ▼ 54.9% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €26k ▲174%
Operating result €36k, net result €26k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €821 ▼63.8%
Net result drops to €821, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 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, Scherpenheuvel-Zichem · 1 establishment unit since 2017
Ground area
202 m²
Building footprint
121 m²
Volume, LiDAR
751 m³
Parcel 24098B0447/00Z005, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Simonyan
since 20172.263.389.882
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098B0447/00Z005 | Flanders | 202 m² | 1 · 121 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,018 EUR awarded · 2,018 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 500 EUR | 500 EUR |
| 2023 | 1 | 518 EUR | 518 EUR |
| 2022 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Stagebonus (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 6 endedElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Show 6 ended approvals
Elektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Residentieel elektrotechnisch installateur (so)
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 362 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)
Founded16-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
33120Repair and maintenance of machinery
42110Construction of roads and motorways
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43230Insulation installation
43240Other construction installation
43342Specialised construction activities
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81300Landscape service activities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Scores and ratios are computed by Checked and are not a credit decision.