Simple Complexity
ActiveSummary
Simple Complexity has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-18k) and a net result of €-108k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-69
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.61 against 1.63 in 2024; short-term debt: 131.4% and cash: 61.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
-31.4%
Return on assets
-191.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-18k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 9 filingsDeviation from the deadline
2025
18 d late
2024
53 d late
2023
28 d late
2022
on the day
2021
31 d late
2020
26 d late
2019
161 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-18k
2024 · €90k
2018: €39k
2019: €20k
2020: €82k
2021: €130k
2022: €114k
2023: €136k
2024: €90k
2018 → 2025
Total assets
€56k▼ 72.3%
2024 · €203k
2018: €80k
2019: €31k
2020: €109k
2021: €164k
2022: €174k
2023: €211k
2024: €203k
2018 → 2025
Net result
€-108k
2024 · €66k
2018: €31k
2019: €-21k
2020: €62k
2021: €48k
2022: €47k
2023: €57k
2024: €66k
2018 → 2025
Working capital
€-29k
2024 · €72k
2018: €42k
2019: €20k
2020: €71k
2021: €116k
2022: €103k
2023: €132k
2024: €72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€130k-€114k▼ 12.0%€136k▲ 19.2%€90k▼ 33.9%€-18k
Operating result€63k-€62k▼ 1.2%€76k▲ 21.5%€84k▲ 11.7%€-107k
Net result€48k-€47k▼ 2.0%€57k▲ 22.0%€66k▲ 14.5%€-108k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €107k after €84k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€11k ▼ 39.8%
Current assets
€45k ▼ 75.6%
Key figures and ratios
EBITDA
€-99k▼
2024 · €91k
Cash flow
€-101k▼
2024 · €72k
Solvency
-31.4%▼
2024 · 44.4%
Current ratio
0.61▼
2024 · 1.63
Quick ratio
0.57▼
2024 · 1.61
Debt to equity
-4.18▼
2024 · 1.25
ROA
-191.8%▼
2024 · 32.3%
Interest coverage
-90.18▼
2024 · 58.87
Debt
€74k▼
2024 · €113k
Debt ≤ 1 year
€74k▼
2024 · €113k
Income taxes
€271▼
2024 · €17k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€203k€56k▼
Fixed assets21/28€18k€11k▼
Tangible fixed assets22/27€18k€11k▼
Plant, machinery and equipment23€16k€9k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€185k€45k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40€2k€5k▲
Other amounts receivable41€1k€14▼
Cash at bank and in hand54/58€177k€35k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€203k€56k▼
Equity10/15€90k€-18k▼
Contributions10/11€19k€19k=
Reserves13€72k€72k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€950€950=
Distributable reserves133€71k€71k=
Profit (loss) carried forward14€0€-108k▼
Amounts payable17/49€113k€74k▼
Amounts payable within one year42/48€113k€74k▼
Financial debts43€3k€1k▼
Credit institutions430/8€3k€1k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€25k€1k▼
Taxes450/3€25k€1k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€83k€65k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€841€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€92k€-98k▼
Operating profit (loss)9901€84k€-107k▼
Financial income75/76B€262€26▼
Recurring financial income75€262€26▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€83k€-108k▼
Income taxes67/77€17k€271▼
Profit (loss) for the period9904€66k€-108k▼
Profit (loss) for the period to be appropriated9905€66k€-108k▼
Appropriation of the result
Profit (loss) to be appropriated9906€66k€-108k▼
Transfer from equity791/2€112k€0▼
Transfer to equity691/2€66k€0▼
To other reserves6921€66k€0▼
Profit to be distributed694/7€112k€0▼
Return on contributions (dividend)694€112k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-108k ▼264%
Net result drops to €-108k, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Highest result since 2018net €66k ▲14.5%
Operating result €84k, net result €66k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €100kEq €130k ▲58.4%
2 profitable years in a row build equity to €130k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 161 days late
2020
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Aalter · 1 establishment unit since 2016
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.
Bellemstraat 599880 AalterGround area
882 m²
Building footprint
153 m²
Volume, LiDAR
796 m³
Parcel 44502C0144/00R000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Simple Complexity
since 20162.257.570.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44502C0144/00R000 | Flanders | 882 m² | 1 · 153 m² | 9.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,238 EUR awarded · 1,238 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,238 EUR | 1,238 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,954 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
Founded22-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63920Other information service activities
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.