ACTIVE

PSIMAR

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Financial year 2025 · closed on 31/12/2025

Net result

134,7 k €

+103.1% YoY

Gross margin

345,8 k €

+52.2% YoY

Equity

737,1 k €

+22.4% YoY

Workforce

2,0 ETP

0.0% YoY

What does PSIMAR do?

PSIMAR is a Private limited company incorporated in 1990. Its registered office is in Woluwe-Saint-Pierre. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.380.493

Incorporation

02/04/1990

Legal form

Private limited company

Registered office

Avenue Jules de Trooz 69
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

115 300,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	345,8 k €	+52.2%	227,2 k €	+23.0%	184,7 k €	-38.2%	298,9 k €	+29.4%	231 k €	+115%	107,2 k €	-9.3%	118,2 k €	+37.3%	86,1 k €	-17.9%	104,8 k €	-2.6%	107,6 k €	+93.2%	55,7 k €	-4.8%	58,5 k €	-14.4%	68,3 k €	-43.1%	120,1 k €	+33.9%	89,7 k €	+36.2%	65,9 k €	+287%	17 k €	-93.0%	242,1 k €	+170%	89,8 k €	+189%	31,1 k €
EBITDA	215,1 k €	+81.9%	118,3 k €	+17.1%	101 k €	-59.5%	249,4 k €	+38.8%	179,7 k €	+125%	79,8 k €	+54.9%	51,5 k €	+30.7%	39,4 k €	-43.9%	70,2 k €	-14.1%	81,8 k €	+374%	17,3 k €	-65.1%	49,4 k €	-9.9%	54,9 k €	-52.1%	114,6 k €	+90.0%	60,3 k €	+87.3%	32,2 k €	+306%	-15,6 k €	-107%	209,1 k €	+680%	26,8 k €	+203%	-26,1 k €
Operating result	206,8 k €	+85.4%	111,5 k €	+13.6%	98,2 k €	-58.4%	236,1 k €	+39.1%	169,7 k €	+190%	58,5 k €	+66.0%	35,2 k €	+35.4%	26 k €	-55.5%	58,4 k €	-11.8%	66,2 k €	+1346%	4,6 k €	-87.0%	35,3 k €	-13.2%	40,7 k €	-61.5%	105,6 k €	+109%	50,5 k €	+1162%	4 k €	+109%	-43,3 k €	-124%	178 k €	+877%	-22,9 k €	+68.5%	-72,8 k €
Net result	134,7 k €	+103%	66,3 k €	+8.4%	61,2 k €	-63.2%	166,1 k €	+45.7%	114 k €	+226%	35 k €	+184%	12,3 k €	+244%	-8,6 k €	-124%	35,2 k €	+7.1%	32,9 k €	+201%	-32,7 k €	-489%	8,4 k €	+510%	-2 k €	-102%	85,9 k €	+204%	28,3 k €	+238%	-20,5 k €	+72.3%	-74,1 k €	-176%	97,4 k €	+285%	-52,6 k €	+6.5%	-56,2 k €
Balance sheet
Equity	737,1 k €	+22.4%	602,4 k €	+12.4%	536,1 k €	+12.9%	474,9 k €	+53.8%	308,8 k €	+58.5%	194,9 k €	+21.9%	159,8 k €	+8.4%	147,5 k €	-5.5%	156,1 k €	+29.1%	120,9 k €	+37.3%	88 k €	-27.1%	120,7 k €	+7.5%	112,3 k €	-1.8%	114,4 k €	+301%	28,5 k €	+12617%	224 €	-98.9%	20,8 k €	-78.1%	94,8 k €	+3779%	-2,6 k €	-110%	25 k €
Total assets	1,8 M €	+33.3%	1,3 M €	+21.9%	1,1 M €	+13.5%	952,3 k €	+36.0%	700,1 k €	+17.7%	594,9 k €	+24.2%	478,9 k €	-6.9%	514,6 k €	+3.8%	495,9 k €	-8.3%	540,8 k €	-0.5%	543,4 k €	+17.2%	463,5 k €	+3.6%	447,6 k €	-2.8%	460,5 k €	+6.1%	434,1 k €	-2.6%	445,6 k €	-2.1%	455,2 k €	-1.6%	462,5 k €	-22.1%	593,5 k €	+5.5%	562,5 k €
Cash	45,4 k €	+199%	15,2 k €		–		5,6 k €	-50.5%	11,3 k €	+116%	5,2 k €	+161%	2 k €	-65.2%	5,8 k €	-38.8%	9,4 k €	+293%	2,4 k €	-75.4%	9,8 k €	+148%	3,9 k €	+2.1%	3,9 k €	-44.7%	7 k €	+322%	1,7 k €	-65.0%	4,7 k €	+62.4%	2,9 k €	+280%	766 €	-79.0%	3,6 k €	+69.2%	2,2 k €
Debts	1 M €	+43.1%	705,5 k €	+32.6%	532 k €	+13.3%	469,6 k €	+22.2%	384,3 k €	-0.3%	385,4 k €	+23.1%	313 k €	-14.7%	367 k €	+8.0%	339,8 k €	-19.1%	419,9 k €	-7.8%	455,4 k €	+32.8%	342,8 k €	+2.2%	335,3 k €	-3.1%	346,1 k €	-14.7%	405,6 k €	-8.9%	445,4 k €	+2.5%	434,5 k €	+18.2%	367,7 k €	-38.3%	596,1 k €	+10.9%	537,5 k €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	+42.9%	1,4 ETP	-12.5%	1,6 ETP	-20.0%	2,0 ETP	+53.8%	1,3 ETP	-23.5%	1,7 ETP	+88.9%	0,9 ETP	+50.0%	0,6 ETP	0.0%	0,6 ETP	-14.3%	0,7 ETP	+600%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	-90.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP	-13.3%	1,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

CHARLES SIMAR

Administrator - manager

Active

Coralie Simar

Director

Active

Ended mandates

CHARLES SIMAR

Mandate

Ended

GHEORGHE BLUTNER

Mandate

Ended

GHEORGHE BLUTNER

Director · until 30 juin 2010

Ended

GHEORGHE BLUTNER

Director

Ended

At this address

Other companies at this address

Company	CBE no.
APEX INVEST● Active	0809.984.840
CS COMPANY● Active	0479.024.008
SDP IMMO● Active	0893.131.359

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	10/10/2025	30/08/2024	24/10/2023	31/08/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	10/10/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	24/10/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	22/06/2020	09/11/2020	French	PDF
Abridged model	31/12/2018	24/06/2019	26/06/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	16/07/2018	French	PDF
Abridged model	31/12/2016	12/06/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	03/06/2015	15/06/2015	French	PDF
Abridged model	31/12/2013	11/06/2014	13/06/2014	French	PDF
Abridged model	31/12/2012	27/06/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	06/06/2012	11/06/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	21/06/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	22/06/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	18/06/2008	French	PDF
Abridged model	31/12/2006	18/06/2007	19/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

CHARLES SIMAR

Administrator - manager

Active

Coralie Simar

Director

Active

Ended mandates

CHARLES SIMAR

Mandate

Ended

GHEORGHE BLUTNER

Mandate

Ended

GHEORGHE BLUTNER

Director · until 30 juin 2010

Ended

GHEORGHE BLUTNER

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates03/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates11/08/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates24/01/2008
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/11/2002
DEMISSIONS, NOMINATIONS - CAPITAL, ACTIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025134,7 k €↑
2024
Annual accounts 202466,3 k €↑
2023
Annual accounts 202361,2 k €↓
2022
Annual accounts 2022166,1 k €↑
2021
Annual accounts 2021114 k €↑
2020
Annual accounts 202035 k €↑
2019
Annual accounts 201912,3 k €↑
2018
Annual accounts 2018-8,6 k €↓
2017
Annual accounts 201735,2 k €↑
2016
Annual accounts 201632,9 k €↑
2015
Annual accounts 2015-32,7 k €↓
2014
Annual accounts 20148,4 k €↑
2013
Annual accounts 2013-2 k €↓
2012
Annual accounts 201285,9 k €↑
2011
Annual accounts 201128,3 k €↑
2010
Annual accounts 2010-20,5 k €↑
2009
Annual accounts 2009-74,1 k €↓
2008
Annual accounts 200897,4 k €↑
2007
Annual accounts 2007-52,6 k €↑
2006
Annual accounts 2006-56,2 k €
02/04/1990
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PSIMAR

Overview

What does PSIMAR do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline