Simsek Solutions
ActiveSummary
Simsek Solutions has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79k and a net result of €4k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▼-7
Solvency46▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 2.18 in 2023; short-term debt: 13.1% and cash: 4.8% of total assets), but 79.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
20.7%
Return on assets
1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8966 sector peers (2024).
NBB · sector comparisonPosition among 8966 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
85 d late
2022
72 d late
2021
89 d late
2020
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€79k▲ 5.0%
2023 · €75k
2020: €57klowest in 5 years
2021: €57k▲ +0.4% vs 2020
2022: €63k▲ +9.6% vs 2021
2023: €75k▲ +20.1% vs 2022
2024: €79k▲ +5.0% vs 2023highest in 5 years
2020 → 2024
Total assets
€381k▼ 8.3%
2023 · €416k
2020: €170klowest in 5 years
2021: €390k▲ +130% vs 2020
2022: €382k▼ -2.1% vs 2021
2023: €416k▲ +8.8% vs 2022highest in 5 years
2024: €381k▼ -8.3% vs 2023
2020 → 2024
Net result
€4k▼ 70.1%
2023 · €13k
2020: €52khighest in 5 years
2021: €202▼ -99.6% vs 2020lowest in 5 years
2022: €5k▲ +2615% vs 2021
2023: €13k▲ +129% vs 2022
2024: €4k▼ -70.1% vs 2023
2020 → 2024
Working capital
€79k▲ 5.0%
2023 · €75k
2020: €146khighest in 5 years
2021: €97k▼ -34.0% vs 2020
2022: €90k▼ -6.8% vs 2021
2023: €75k▼ -16.8% vs 2022lowest in 5 years
2024: €79k▲ +5.0% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€57k▲ 0.4%€63k▲ 9.6%€75k▲ 20.1%€79k▲ 5.0%
2020: €57klowest in 5 years
2021: €57k▲ +0.4% vs 2020
2022: €63k▲ +9.6% vs 2021
2023: €75k▲ +20.1% vs 2022
2024: €79k▲ +5.0% vs 2023highest in 5 years
Operating result€68k-€6k▼ 91.2%€13k▲ 122%€22k▲ 68.0%€14k▼ 35.5%
2020: €68khighest in 5 years
2021: €6k▼ -91.2% vs 2020lowest in 5 years
2022: €13k▲ +122% vs 2021
2023: €22k▲ +68.0% vs 2022
2024: €14k▼ -35.5% vs 2023
Net result€52k-€202▼ 99.6%€5k▲ 2,615%€13k▲ 129%€4k▼ 70.1%
2020: €52khighest in 5 years
2021: €202▼ -99.6% vs 2020lowest in 5 years
2022: €5k▲ +2615% vs 2021
2023: €13k▲ +129% vs 2022
2024: €4k▼ -70.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €381k
Fixed assets
€253k ▼ 8.9%
Current assets
€129k ▼ 7.1%
Equity and liabilities €381k
Equity
€79k ▲ 5.0%
Debt
€302k ▼ 11.2%
Debt's share of the balance-sheet total falls from 81.9% to 79.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▼
2023 · €46k
Cash flow
€28k▼
2023 · €36k
Current ratio
2.57▲
2023 · 2.18
Debt to equity
3.83▼
2023 · 4.52
ROE
4.8%▼
2023 · 16.7%
ROA
1.0%▼
2023 · 3.0%
Interest coverage
5.50▼
2023 · 8.21
Debt ≤ 1 year
€50k▼
2023 · €64k
Debt > 1 year
€250k▼
2023 · €276k
Income taxes
€4k▼
2023 · €4k
Staff costs
€1k
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€416k€381k▼
Fixed assets21/28€277k€253k▼
Tangible fixed assets22/27€277k€253k▼
Land and buildings22€220k€210k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€839€475▼
Leasing and similar rights25€54k€41k▼
Current assets29/58€138k€129k▼
Amounts receivable within one year40/41€117k€110k▼
Trade receivables40€13k-
Other amounts receivable41€104k€110k▲
Cash at bank and in hand54/58€21k€18k▼
Deferred charges and accrued income490/1-€550
Equity and liabilities
Total equity and liabilities10/49€416k€381k▼
Equity10/15€75k€79k▲
Contributions10/11€5k€5k=
Reserves13€70k€74k▲
Distributable reserves133€70k€74k▲
Amounts payable17/49€340k€302k▼
Amounts payable after more than one year17€276k€250k▼
Financial debts170/4€276k€250k▼
Amounts payable within one year42/48€64k€50k▼
Current portion of amounts payable after more than one year42€47k€36k▼
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€12k€9k▼
Taxes450/3€12k€9k▼
Accrued charges and deferred income492/3€686€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€48k€43k▼
Operating profit (loss)9901€22k€14k▼
Financial income75/76B€412€697▲
Recurring financial income75€412€697▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€17k€8k▼
Income taxes67/77€4k€4k▼
Profit (loss) for the period9904€13k€4k▼
Profit (loss) for the period to be appropriated9905€13k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€4k▼
Transfer to equity691/2€13k€4k▼
To other reserves6921€13k€4k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98 | €14k | €11k | €24k | €25k | ▲ 3.8% |
| Other operating charges640/8 | - | €4k | €4k | €2k | €3k | ▲ 45.7% |
| Gross operating margin9900 | €68k | €25k | €28k | €48k | €43k | ▼ 10.2% |
| Operating profit (loss)9901 | €68k | €6k | €13k | €22k | €14k | ▼ 35.5% |
| Financial income75/76B | - | €178 | €641 | €412 | €697 | ▲ 69.1% |
| Recurring financial income75 | €0 | €178 | €641 | €412 | €697 | ▲ 69.1% |
| Financial charges65/66B | - | €3k | €4k | €6k | €7k | ▲ 26.6% |
| Recurring financial charges65 | €206 | €3k | €4k | €6k | €7k | ▲ 26.6% |
| Profit (loss) for the period before taxes9903 | €67k | €3k | €10k | €17k | €8k | ▼ 53.3% |
| Income taxes67/77 | €15k | €3k | €5k | €4k | €4k | ▼ 5.4% |
| Profit (loss) for the period9904 | €52k | €202 | €5k | €13k | €4k | ▼ 70.1% |
| Profit (loss) for the period to be appropriated9905 | €52k | €202 | €5k | €13k | €4k | ▼ 70.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170k | €390k | €382k | €416k | €381k | ▼ 8.3% |
| Fixed assets21/28 | €893 | €241k | €232k | €277k | €253k | ▼ 8.9% |
| Tangible fixed assets22/27 | €893 | €241k | €232k | €277k | €253k | ▼ 8.9% |
| Land and buildings22 | - | €239k | €230k | €220k | €210k | ▼ 4.7% |
| Plant, machinery and equipment23 | - | €695 | €497 | €2k | €2k | ▼ 29.5% |
| Furniture and vehicles24 | - | €2k | €1k | €839 | €475 | ▼ 43.4% |
| Leasing and similar rights25 | - | - | - | €54k | €41k | ▼ 24.6% |
| Current assets29/58 | €169k | €149k | €150k | €138k | €129k | ▼ 7.1% |
| Amounts receivable within one year40/41 | €2k | €109k | €121k | €117k | €110k | ▼ 6.3% |
| Trade receivables40 | - | €2k | €14k | €13k | - | - |
| Other amounts receivable41 | - | €107k | €107k | €104k | €110k | ▲ 5.8% |
| Cash at bank and in hand54/58 | €167k | €40k | €29k | €21k | €18k | ▼ 13.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €550 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170k | €390k | €382k | €416k | €381k | ▼ 8.3% |
| Equity10/15 | €57k | €57k | €63k | €75k | €79k | ▲ 5.0% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | - | €58k | €70k | €74k | ▲ 5.4% |
| Distributable reserves133 | - | - | €58k | €70k | €74k | ▲ 5.4% |
| Profit (loss) carried forward14 | €52k | €52k | - | - | - | - |
| Amounts payable17/49 | €113k | €333k | €319k | €340k | €302k | ▼ 11.2% |
| Amounts payable after more than one year17 | €90k | €279k | €256k | €276k | €250k | ▼ 9.4% |
| Financial debts170/4 | - | €279k | €256k | €276k | €250k | ▼ 9.4% |
| Amounts payable within one year42/48 | €22k | €52k | €60k | €64k | €50k | ▼ 21.3% |
| Current portion of amounts payable after more than one year42 | - | €32k | €34k | €47k | €36k | ▼ 23.5% |
| Trade debts44 | €4k | €9k | €18k | €4k | €5k | ▲ 17.6% |
| Suppliers440/4 | - | €9k | €18k | €4k | €5k | ▲ 17.6% |
| Taxes, remuneration and social security45 | - | €11k | €8k | €12k | €9k | ▼ 26.1% |
| Taxes450/3 | - | €11k | €8k | €12k | €9k | ▼ 26.1% |
| Other amounts payable47/48 | - | €26 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €2k | €3k | €686 | €2k | ▲ 202% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €202 | €5k | €13k | €4k | ▼ 70.1% |
| + Depreciation and write-downs630 | €98 | €14k | €11k | €24k | €25k | ▲ 3.8% |
| Operating cash flow (approximation) | €52k | €15k | €16k | €36k | €28k | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | €-255k | €-2k | €-69k | €0 | ▲ 100% |
| Change in cash | - | €-127k | €-11k | €-7k | €-3k | ▲ 60.0% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Weakest financial yearnet €202 ▼99.6%
Net result drops to €202, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Genk · 1 establishment unit since 2019
Ground area
729 m²
Building footprint
151 m²
Volume, LiDAR
617 m³
Parcel 71308A0818/00P246, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Simsek Solutions
since 20192.291.272.335
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0818/00P246 | Flanders | 729 m² | 1 · 151 m² | 5.8 m · 1 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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,618 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
Founded10-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62200Computer consultancy and computer facilities management
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.