S.I.I.M.
ActiveSummary
S.I.I.M. has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €118k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-23
Solvency40▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.98 against 1.29 in 2024; short-term debt: 33.6% and cash: 0.3% of total assets), and 85.4% 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.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
14.6%
Return on assets
8.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
10 d late
2022
3 d early
2021
20 d early
2020
23 d late
2019
10 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€11k
EBIT margin
-46.1%
Net result
€118k▼ 14.7%
2024 · €138k
Working capital
€-8k
2024 · €118k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€11k
Operating result€-5k▲ 52.4%€-7k▼ 39.1%€-9k▼ 25.3%€-9k▼ 0.9%€-14k▼ 58.5%
Net result€80k▼ 33.2%€78k▼ 2.6%€42k▼ 45.7%€138k▲ 226%€118k▼ 14.7%
EBIT margin-46.1%
Equity€132k▲ 61.5%€180k▲ 36.5%€163k▼ 9.7%€167k▲ 2.7%€210k▲ 25.7%
Total assets€695k▼ 8.3%€683k▼ 1.8%€660k▼ 3.3%€801k▲ 21.3%€1.44M▲ 80.2%
Debt€563k▼ 16.8%€503k▼ 10.8%€497k▼ 1.1%€634k▲ 27.4%€1.23M▲ 94.5%
Working capital€237k▲ 0.3%€235k▼ 0.8%€167k▼ 29.0%€118k▼ 29.5%€-8k
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €9k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.44M
Fixed assets
€966k ▲ 252%
Current assets
€477k ▼ 9.5%
Equity and liabilities €1.44M
Equity
€210k ▲ 25.7%
Debt
€1.23M ▲ 94.5%
Debt's share of the balance-sheet total rises from 79.1% to 85.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.98▼
2024 · 1.29
Debt to equity
5.87▲
2024 · 3.79
ROE
56.2%▼
2024 · 82.9%
ROA
8.2%▼
2024 · 17.3%
Debt ≤ 1 year
€484k▲
2024 · €409k
Debt > 1 year
€748k▲
2024 · €225k
Income taxes
€0▼
2024 · €254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €11k | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €1k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 4.2% |
| Gross operating margin9900 | €-3k | €-5k | €-7k | €-7k | €-12k | ▼ 76.3% |
| Operating profit (loss)9901 | €-5k | €-7k | €-9k | €-9k | €-14k | ▼ 58.5% |
| Financial income75/76B | - | €95k | €59k | €156k | €156k | ▲ 0.2% |
| Recurring financial income75 | €96k | €95k | €59k | €156k | €156k | ▲ 0.2% |
| Financial charges65/66B | - | €8k | €7k | €8k | €24k | ▲ 191% |
| Recurring financial charges65 | €9k | €8k | €7k | €8k | €24k | ▲ 191% |
| Profit (loss) for the period before taxes9903 | €82k | €80k | €43k | €139k | €118k | ▼ 14.9% |
| Income taxes67/77 | €1k | €2k | €962 | €254 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €80k | €78k | €42k | €138k | €118k | ▼ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €80k | €78k | €42k | €138k | €118k | ▼ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €695k | €683k | €660k | €801k | €1.44M | ▲ 80.2% |
| Fixed assets21/28 | €274k | €274k | €274k | €274k | €966k | ▲ 252% |
| Tangible fixed assets22/27 | - | - | - | - | €692k | - |
| Land and buildings22 | - | - | - | - | €692k | - |
| Financial fixed assets28 | €274k | €274k | €274k | €274k | €274k | = |
| Current assets29/58 | €421k | €409k | €386k | €527k | €477k | ▼ 9.5% |
| Amounts receivable after more than one year29 | - | €273k | €254k | €234k | €212k | ▼ 9.3% |
| Other amounts receivable291 | - | €273k | €254k | €234k | €212k | ▼ 9.3% |
| Amounts receivable within one year40/41 | €130k | €135k | €132k | €292k | €260k | ▼ 11.1% |
| Other amounts receivable41 | - | €135k | €132k | €292k | €260k | ▼ 11.1% |
| Cash at bank and in hand54/58 | €66 | €217 | €42 | €88 | €5k | ▲ 5,164% |
| Deferred charges and accrued income490/1 | - | - | - | €360 | €286 | ▼ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €695k | €683k | €660k | €801k | €1.44M | ▲ 80.2% |
| Equity10/15 | €132k | €180k | €163k | €167k | €210k | ▲ 25.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €113k | €162k | €144k | €148k | €191k | ▲ 29.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | €60 | €60 | €60 | €60 | = |
| Distributable reserves133 | - | €160k | €142k | €148k | €191k | ▲ 29.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €563k | €503k | €497k | €634k | €1.23M | ▲ 94.5% |
| Amounts payable after more than one year17 | €379k | €329k | €278k | €225k | €748k | ▲ 233% |
| Financial debts170/4 | - | €209k | €188k | €165k | €718k | ▲ 336% |
| Other amounts payable178/9 | - | €120k | €90k | €60k | €30k | ▼ 50.0% |
| Amounts payable within one year42/48 | €184k | €174k | €219k | €409k | €484k | ▲ 18.4% |
| Current portion of amounts payable after more than one year42 | - | €20k | €21k | €22k | €42k | ▲ 94.9% |
| Trade debts44 | - | €865 | €1k | €2k | €5k | ▲ 177% |
| Suppliers440/4 | - | €865 | €1k | €2k | €5k | ▲ 177% |
| Taxes, remuneration and social security45 | - | €4k | €4k | €2k | €24k | ▲ 1,080% |
| Taxes450/3 | - | €4k | €4k | €2k | €24k | ▲ 1,080% |
| Other amounts payable47/48 | - | €149k | €193k | €384k | €413k | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €80k | €78k | €42k | €138k | €118k | ▼ 14.7% |
| Operating cash flow (approximation) | €80k | €78k | €42k | €138k | €118k | ▼ 14.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-692k | - |
| Change in cash | - | €152 | €-175 | €46 | €5k | ▲ 9,789% |
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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €200kEq €210k ▲25.7%
6 profitable years in a row build equity to €210k.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €138k ▲226%
Net result €138k, the highest in the series.
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 10 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €150kEq €180k ▲36.5%
3 profitable years in a row build equity to €180k.
2021
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €100kEq €132k ▲61.5%
2 profitable years in a row build equity to €132k.
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
31-03
Financial
Back to profitnet €120k
Net result €120k after one loss-making year.
19-02
State Gazette act
General meeting · Director resignation
Board composition · Permanent representative
Show earlier events
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
09-02
State Gazette act
General meeting · Capital increase
Share issue · Capital
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
14-03
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
20-10
State Gazette act
Board meeting · Director reappointment
General meeting · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Stabroek · 1 establishment unit since 1997
Ground area
1,278 m²
Building footprint
398 m²
Volume, LiDAR
2,495 m³
Parcel 11044E0266/00R000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.I.I.M.
since 19972.070.456.486
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044E0266/00R000 | Flanders | 1,278 m² | 1 · 398 m² | 12.9 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.
Structure & network
Connections & network
5 connected companiesThis company
Company
Director
Shareholding
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Shared director
→
Shared director
→
Shared director
→
Shared director
→
Show 1 more companies with a shared director
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Similar companies · same sector, comparable size
FRANBEL IMMO
BE 0563.416.184
Brussel · Eq €210,087
Aquila Investment
BE 0646.789.070
Langemark-Poelkapelle · Eq €210,157
Mollitiam
BE 0677.966.157
Antwerpen · Eq €209,807
LeoMinds Invest
BE 0449.649.834
Oudsbergen · Eq €209,764
SHEREK INVEST
BE 0781.319.360
Waremme · Eq €209,733
Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,829 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
Founded01-02-1995
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.