Equity
€5,238 from €77,175 in 2023
Equity fell by 93% in 2 years.
BHR
Overview
Lifetime
5 annual accounts with figures on one time axispeak €134,182 (2025)
€134,182▲ 9.5%
peak €98,012 (2025)
€98,012▲ 9.7%
peak €77,175 (2023)
€5,238unchanged
€113,324▼ 14.1%
Board1 name since 2021
1 directorSIMOENS Bert Gino Rose Marie
Documentsfilings and deeds
29-04-202693 days before the deadline
2025micro format
Dividend €98,012
Key points
from the 2025 annual accountsTurnover
≈ €230,000 estimated
The micro format states no turnover.
Debts
€113,324 96% of the balance sheet
Suppliers 0%Taxes and wages 9%Other 90%
Filings
5 annual accounts since 2021
The last five annual accounts were filed 24 to 93 days before the end of the period.
Starting capital
€3,000 100 shares
Position in the sector
4.4%
Lower solvency than 87% of companies in head offices and management consultancy. Sector median 55.5% · 39,364 companies.
Checked score
93
Excellent
Financially stronger than 43% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: < 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Equity €5,238 (4.4% of total assets)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 0.86, cash €74,796
Size: total assets €118,562
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 13% of them on solvency, 33% on liquidity, 84% on profitability and 40% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as BHR has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BHR itself is lower: 0.1% within 12 months. It rests on far more data about BHR than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for BHR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 39364 sector peers (2025).
NBB · sector comparisonPosition among 39364 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-04-2026, 93 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
93 days early
2024
32 days early
2023
32 days early
2022
37 days early
2021
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 44 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0776964555
Incorporation
Founding capital of €3,000, 100 shares · Founder: SIMOENS Bert Gino Rose Marie · Appointment: SIMOENS Bert Gino Rose Marie (director) · published on 12-11-2021 · Gazette deed
First establishment
Olsenesteenweg 1B, Dentergem
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as BHR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €114,000 and €141,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 09-11-2021Normal situation
- Activity
- Business and other management consultancyNACE 70200and 5 others
- Establishment unit
- 2.323.809.5018720 Dentergem, since 09-11-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Annual accounts 2025
- €134,182▲ 9.5%
- €98,012▲ 9.7%
- €5,238=
- €118,562▼ 13.5%
- Filing
- Filed on 29-04-2026, 93 days before the end of the filing period
Insights on BHR
BHR files the micro format. That format states no turnover. The gross margin rose from €6,337 in 2021 to €134,182 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-04-2026, 93 days before the deadline€134,182
▲ 9.5%
€125,797
▲ 10.0%
€98,012
▲ 9.7%
-€16,222
▲ €3,059
4.4%
▲ 0.6 percentage points
0.86
▲ 0.00
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €190,000 and €270,000.
Balance sheet
balance sheet total €118,562 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
4.4%
Higher than 12% of 39,364 companies in 2025.
0.86
Higher than 19% of 38,048 companies in 2025.
82.7%
Higher than 95% of 38,520 companies in 2025.
BHR
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
118,562 | 137,137 | 125,912 | 26,082 | 50,226 | |
21/28 |
21,459 | 24,519 | 31,953 | - | 32,752 | |
22/27 |
21,459 | 24,519 | 31,953 | - | 32,752 | |
23 |
818 | 1,184 | 1,549 | - | - | |
24 |
16,267 | 23,335 | 30,404 | - | 32,752 | |
26 |
4,375 | - | - | - | - | |
29/58 |
97,103 | 112,618 | 93,959 | 26,082 | 17,474 | |
40/41 |
19,949 | 18,801 | 18,422 | - | 14,815 | |
40 |
19,693 | 18,615 | 17,061 | - | 13,567 | |
41 |
256 | 186 | 1,361 | - | 1,248 | |
54/58 |
74,796 | 92,074 | 73,248 | 26,082 | 1,591 | |
490/1 |
2,357 | 1,743 | 2,289 | - | 1,068 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
118,562 | 137,137 | 125,912 | 26,082 | 50,226 | |
10/15 |
5,238 | 5,238 | 77,175 | 17,983 | 5,238 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
2,238 | 2,238 | 2,238 | 2,238 | 2,238 | |
133 |
2,238 | 2,238 | 2,238 | 2,238 | 2,238 | |
14 |
- | - | 71,938 | 12,745 | - | |
17/49 |
113,324 | 131,899 | 48,736 | 8,098 | 44,988 | |
42/48 |
113,324 | 131,899 | 48,736 | 8,046 | 44,988 | |
44 |
165 | 45 | 1,565 | 3,310 | 163 | |
440/4 |
165 | 45 | 1,565 | 3,310 | 163 | |
45 |
10,702 | 10,414 | 13,404 | 2,923 | 1,441 | |
450/3 |
10,702 | 10,414 | 13,404 | 2,923 | 1,441 | |
47/48 |
102,457 | 121,440 | 33,768 | 1,813 | 43,385 | |
492/3 |
- | - | - | 53 | - | |
| Income statement | ||||||
9900 |
134,182 | 122,497 | 80,266 | 31,152 | 6,337 | |
630 |
7,679 | 7,434 | 5,218 | - | 991 | |
640/8 |
706 | 750 | 183 | 1,508 | 62 | |
66A |
- | - | - | 10,377 | - | |
9901 |
125,797 | 114,312 | 74,866 | 19,267 | 5,284 | |
75/76B |
0 | 0 | 0 | 178 | 0 | |
75 |
0 | 0 | 0 | 3 | 0 | |
76B |
- | - | - | 175 | - | |
65/66B |
41 | 44 | 35 | 49 | 5 | |
65 |
41 | 44 | 35 | 49 | 5 | |
9903 |
125,756 | 114,269 | 74,831 | 19,395 | 5,278 | |
67/77 |
27,744 | 24,936 | 15,639 | 5,050 | 1,441 | |
9904 |
98,012 | 89,332 | 59,192 | 14,345 | 3,838 | |
9905 |
98,012 | 89,332 | 59,192 | 14,345 | 3,838 | |
| Appropriation of the result | ||||||
9906 |
98,012 | 161,270 | 71,938 | 14,345 | 3,838 | |
14P |
- | 71,938 | 12,745 | - | - | |
691/2 |
- | - | - | - | 2,238 | |
6921 |
- | - | - | - | 2,238 | |
694/7 |
98,012 | 161,270 | - | 1,600 | 1,600 | |
694 |
98,012 | 161,270 | - | 1,600 | 1,600 | |
| Document | ||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-04-2026 | 2026-00098264 | |
| 31-12-2024 | micro format | 29-06-2025 | 2025-00211856 | |
| 31-12-2023 | micro format | 29-06-2024 | 2024-00191360 | |
| 31-12-2022 | micro format | 24-06-2023 | 2023-00156988 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20164555 |
Subsidies and aid
Flemish government 2024 to 2025, 2 entries, €1,128 awarded, €1,128 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €408 | €408 |
| 2024 | 1 | €720 | €720 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 133,476 | 121,746 | 80,084 | - | 6,275 | ||
| 105,691 | 96,766 | 64,410 | - | 4,829 | ||
| 4,620 | 0 | 37,171 | - | 33,744 | ||
| -17,278 | 18,826 | 47,166 | 24,491 | - | ||
| -16,222 | -19,281 | 45,222 | 18,036 | -27,515 | ||
| 4.4% | 3.8% | 61.3% | 68.9% | 10.4% | ||
| 0.86 | 0.85 | 1.93 | 3.24 | 0.39 | ||
| 21.64 | 25.18 | 0.63 | 0.45 | 8.59 | ||
| - | - | 76.7% | 79.8% | 73.3% | ||
| 82.7% | 65.1% | 47.0% | 55.0% | 7.6% | ||
| over 100 | over 100 | over 100 | - | over 100 |
A ratio outside any meaningful range has been withheld (balance sheet total €118,562, equity €5,238).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,620 | - | €37,171 | - | €33,744 |
| €7,679 | €7,434 | €5,218 | - | €991 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BHR
The operating result for 2025 is 10% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Debt's share of the balance-sheet total falls from 96.2% to 95.6%. Debt is lower.
Board & ownership
Board
1 director, since incorporationDirector
since 08-11-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 29-04-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 12-11-2021
Mandates through the years
1 name, the dashed line is todaySIMOENS Bert Gino Rose Marie
Director
Director
Board
Mandates as a list
- SIMOENS Bert Gino Rose Marie
- Director, from 08-11-2021 to date
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €52.38 in 2025
- Source
- deed of 12-11-2021
Articles of association
deed of 12-11-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Shareholders
At incorporation
deed of 12-11-2021 ↗
- SIMOENS Bert Gino Rose Marie 100 shares (100%) · €3,000 in cash
Network & group
No group
BHR has no parent and no holdings in its annual accounts. SIMOENS Bert Gino Rose Marie is the only director. BHR shares no director with another company.
Timeline
Timeline
10 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 93 days before the deadline
2025
Highest result from 2021 to 2025 net €98,012 ▲9.7% The operating result of €125,797 and the net result of €98,012 are both a record.
Annual accounts 2024 filed PDFmicro format · 32 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 32 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0776964555
Annual accounts 2022 filed PDFmicro format · 37 days before the deadline
2022
Liquidity more than 8 times current ratio 3.24 The current ratio rises from 0.39 to 3.24. Short-term debt falls from €44,988 to €8,046.
Annual accounts 2021 filed PDFmicro format · 24 days before the deadline
2021
IncorporationFounding capital of €3,000, 100 shares · Founder: SIMOENS Bert Gino Rose Marie · Appointment: SIMOENS Bert Gino Rose Marie (director) · published on 12-11-20215 points ▸
- Founder, SIMOENS Bert Gino Rose Marie
- Founding capital, €3,000, 100 shares
- 100 shares
- Director appointment, SIMOENS Bert Gino Rose Marie
- Registered office clause, Olsenesteenweg 1B, 8720 Dentergem (Oeselgem)
- The deed holds 4 more points.
First establishment Olsenesteenweg 1B, Dentergem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 9 November 2021, BHR was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 SIMOENS Bert Gino Rose Marie has served as director since 2021.3 Total assets went from €50,226 in 2021 to €118,562 in 2025.4
Company details
Identity
- Enterprise number
- 0776.964.555
- VAT number
- BE 0776.964.555
- Peppol ID
- 0208:0776964555
- Other Peppol ID
- 9925:BE0776964555
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-11-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of June at 18:00deed of 12-11-2021 (in Dutch)
- Peppol
- Reachable since 31-10-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BHR in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-11-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 12-11-2021 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
69109
Other legal services
Codes under NACEBEL 2008
70220
Business consulting main activity
63990
Computing infrastructure, data processing, hosting and other information service activities
69109
Other legal services
70210
Activities of head offices; management consultancy activities
78300
Employment activities
82110
Office administrative, office support and other business support activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp…”deed of 12-11-2021 (in Dutch)
6 activities
- Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant of verknocht zijn of de verwezenlijking ervan kunnen bevorderen.
- Betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in de ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp.
- Opsomming niet beperkend;alle handelingen die op welke wijze ook kunnen bijdragen tot verwezenlijking van haar voorwerp.
- Verwezenlijking zowel in België als in het buitenland,op alle wijzen en manieren die zij het best geschikt zou achten.
- Verbod:geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke Besluiten terzake.
- Onthouding van werkzaamheden onderworpen aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Olsenesteenweg 1B registered office 8720 Dentergem | 09-11-2021 | 2.323.809.501 |
Buildings and parcels at the address
- Ground area
- 736 m²
- Buildings
- 147 m²
- Volume, LiDAR
- 709 m³
- Tallest building
- 7.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 37008A0157/00B002 | 736 m² | 1 · 147 m² | 7.1 m · 2 |