ACTIVE

SIMAG CONSULT

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Financial year 2025 · closed on 30/09/2025

Net result

57,1 k €

-27.4% YoY

Gross margin

34,3 k €

-68.7% YoY

Equity

676,8 k €

+9.2% YoY

What does SIMAG CONSULT do?

SIMAG CONSULT is a Private limited company incorporated in 2000. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0470.544.624

Incorporation

04/02/2000

Legal form

Private limited company

Registered office

Veldstraat 86
3500 Hasselt · FlandreSee on map

Contributed capital

110 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 43211Electrical installation 43211Electrical installation 61100Wired telecommunications activities 61100Wired telecommunications activities+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	34,3 k €	-68.7%	109,8 k €	+125%	48,8 k €	-23.6%	63,9 k €	-38.7%	104,3 k €	+21.4%	85,9 k €	+4.3%	82,3 k €	-26.7%	112,3 k €	+865%	11,6 k €	-78.5%	54,2 k €	-12.3%	61,8 k €	-7.0%	66,5 k €	+117%	30,7 k €	-13.9%	35,6 k €	+201%	-35,2 k €	-359%	13,6 k €	-66.3%	40,4 k €	-11.1%	45,5 k €
EBITDA	33,1 k €	-69.3%	108 k €	+126%	47,7 k €	-24.0%	62,8 k €	-38.5%	102,1 k €	+20.2%	85 k €	+4.2%	81,6 k €	-24.4%	107,9 k €	+917%	10,6 k €	-80.0%	53,1 k €	-11.6%	60,1 k €	-7.8%	65,1 k €	+128%	28,6 k €	-12.1%	32,5 k €	+190%	-36 k €	-388%	12,5 k €	-68.2%	39,3 k €	-11.4%	44,4 k €
Operating result	31,2 k €	-69.9%	103,9 k €	+136%	44 k €	-25.7%	59,2 k €	-41.0%	100,3 k €	+18.8%	84,4 k €	+12.2%	75,2 k €	-29.0%	106 k €	+1931%	5,2 k €	-89.6%	50,2 k €	-20.7%	63,3 k €	+60.6%	39,4 k €	+61.0%	24,5 k €	-14.9%	28,8 k €	+173%	-39,3 k €	-1805%	2,3 k €	-93.2%	33,9 k €	-16.1%	40,4 k €
Net result	57,1 k €	-27.4%	78,7 k €	+139%	32,9 k €	-24.6%	43,6 k €	-37.7%	70 k €	+15.8%	60,4 k €	+11.0%	54,5 k €	-14.1%	63,4 k €	+1043%	5,6 k €	-83.3%	33,3 k €	-25.9%	44,9 k €	+54.5%	29 k €	+14.1%	25,5 k €	-1.7%	25,9 k €	+169%	-37,5 k €	-1021%	4,1 k €	-86.0%	29,1 k €	-8.4%	31,8 k €
Balance sheet
Equity	676,8 k €	+9.2%	619,8 k €	+14.5%	541,1 k €	+6.5%	508,2 k €	+9.0%	466,2 k €	+17.7%	396,2 k €	+18.0%	335,8 k €	+19.4%	281,3 k €	+29.1%	217,9 k €	+2.6%	212,3 k €	+1.5%	209,2 k €	-6.7%	224,3 k €	+14.9%	195,3 k €	+15.0%	169,8 k €	+18.0%	143,9 k €	-20.7%	181,4 k €	+2.3%	177,3 k €	+19.6%	148,2 k €
Total assets	704,2 k €	+11.2%	633,3 k €	+3.9%	609,3 k €	+10.2%	553,1 k €	+7.1%	516,5 k €	+6.7%	483,8 k €	+17.2%	413 k €	+22.1%	338,2 k €	+34.2%	252 k €	-11.9%	286,1 k €	-6.4%	305,6 k €	+16.1%	263,3 k €	+2.1%	257,7 k €	+30.7%	197,2 k €	+5.1%	187,6 k €	-20.5%	235,8 k €	+11.1%	212,2 k €	+15.2%	184,2 k €
Cash	652,5 k €	+88.3%	346,6 k €	+0.0%	346,4 k €	-9.8%	384,1 k €	-14.2%	447,9 k €	+13.5%	394,6 k €	+22.8%	321,4 k €	+117%	148,2 k €	+92.8%	76,8 k €	-30.0%	109,7 k €	-24.4%	145,1 k €	-33.5%	218,2 k €	+110%	103,8 k €	-12.6%	118,8 k €	+21.6%	97,7 k €	-44.7%	176,7 k €	+6542%	2,7 k €	+423%	508,5 €
Debts	24,7 k €	+82.2%	13,5 k €	-80.2%	68,2 k €	+65.6%	41,2 k €	-18.0%	50,3 k €	-42.6%	87,6 k €	+35.7%	64,6 k €	+18.7%	54,4 k €	+63.4%	33,3 k €	-54.5%	73,2 k €	-24.1%	96,4 k €	+148%	38,9 k €	-37.7%	62,4 k €	+128%	27,3 k €	-37.4%	43,6 k €	-19.8%	54,4 k €	+55.9%	34,9 k €	-3.1%	36 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,1 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 30/09/2025 · 1 active · 5 ended

Active mandates

Erwin Manshoven

Director

Active

Ended mandates

Erwin Manshoven

Director · since 28 janvier 2000

Ended

Erwin MANSHOVEN

Manager · since 28 janvier 2000

Ended

Michèle DOULTREMONT

Manager · since 28 janvier 2000 · until 30 septembre 2010

Ended

Michèle DOULTREMONT

Manager · since 28 janvier 2000

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	9 months
Filing date	28/04/2026	30/04/2025	30/04/2024	28/04/2023	28/04/2022	30/04/2021
General meeting	31/03/2026	30/03/2025	30/03/2024	30/03/2023	31/03/2022	31/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	31/03/2026	28/04/2026	Dutch	PDF
Micro model	30/09/2024	30/03/2025	30/04/2025	Dutch	PDF
Micro model	30/09/2023	30/03/2024	30/04/2024	Dutch	PDF
Micro model	30/09/2022	30/03/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	31/03/2022	28/04/2022	Dutch	PDF
Micro model	30/09/2020	31/03/2021	30/04/2021	Dutch	PDF
Micro model	31/12/2019	10/06/2020	29/07/2020	Dutch	PDF
Micro model	31/12/2018	12/06/2019	12/09/2019	Dutch	PDF
Micro model	30/06/2017	13/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	14/12/2016	22/12/2016	Dutch	PDF
Abridged model	30/06/2015	09/12/2015	30/03/2016	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	02/03/2012	31/05/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	05/05/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	02/04/2010	Dutch	PDF
Abridged model	30/09/2008	06/03/2009	10/03/2009	Dutch	PDF
Abridged model	30/09/2007	07/03/2008	09/05/2008	Dutch	PDF
Abridged model	30/09/2006	02/03/2007	22/03/2007	Dutch	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 30/09/2025 · 1 active · 5 ended

Active mandates

Erwin Manshoven

Director

Active

Ended mandates

Erwin Manshoven

Director · since 28 janvier 2000

Ended

Erwin MANSHOVEN

Manager · since 28 janvier 2000

Ended

Michèle DOULTREMONT

Manager · since 28 janvier 2000 · until 30 septembre 2010

Ended

Michèle DOULTREMONT

Manager · since 28 janvier 2000

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/10/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other06/06/2018
ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares17/11/2014
KAPITAAL - AANDELEN - BOEKJAAR
PDF
Registered office16/10/2012
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/12/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/10/2002
MAATSCHAPPELIJKE ZETEL
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 202557,1 k €↓
2024
Annual accounts 202478,7 k €↑
2023
Annual accounts 202332,9 k €↓
2022
Annual accounts 202243,6 k €↓
2021
Annual accounts 202170 k €↑
2020
Annual accounts 202060,4 k €↑
2019
Annual accounts 201954,5 k €↓
2018
Annual accounts 201863,4 k €↑
2017
Annual accounts 20175,6 k €↓
2016
Annual accounts 201633,3 k €↓
2015
Annual accounts 201544,9 k €↑
2013
Annual accounts 201329 k €↑
2012
Annual accounts 201225,5 k €↓
2011
Annual accounts 201125,9 k €↑
2010
Annual accounts 2010-37,5 k €↓
2009
Annual accounts 20094,1 k €↓
2008
Annual accounts 200829,1 k €↓
2007
Annual accounts 200731,8 k €
04/02/2000
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

SIMAG CONSULT

Overview

What does SIMAG CONSULT do?

Trend over 18 financial years

Indicative valuation

Board of directors

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