SIEMHO
ActiveSummary
SIEMHO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€36,773) and a net result of €24,574. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+9
Solvency24▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.01 in 2024; short-term debt: 30.4% and cash: 4.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 14462 sector peers (2025).
NBB · sector comparisonPosition among 14462 sector peers
Solvency
better than 19%
← 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 26-07-2026, 5 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
5 d early
2024
31 d late
2023
245 d late
2022
30 d late
2021
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 78 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 company by total assets in La Bruyère, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24,574▲ 199%
2024 · €8,216
Working capital
-€635,412▲ 20.4%
2024 · -€797,790
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,156--€50,315€74,890€58,452▼ 21.9%€107,968▲ 84.7%
Net result-€14,120below the sector's middle half--€91,100below the sector's middle half▼ 545%€30,775within the sector's middle half€8,216within the sector's middle half▼ 73.3%€24,574within the sector's middle half▲ 199%
Equity-€9,238below the sector's middle half--€100,338below the sector's middle half▼ 986%-€69,563below the sector's middle half▲ 30.7%-€61,347below the sector's middle half▲ 11.8%-€36,773below the sector's middle half▲ 40.1%
Total assets€1.6mabove the sector's middle half-€1.9mabove the sector's middle half▲ 20.2%€2.2mwithin the sector's middle half▲ 15.5%€2.4mabove the sector's middle half▲ 8.4%€2.6mabove the sector's middle half▲ 6.9%
Debt€1.6m-€2.0m▲ 25.7%€2.3m▲ 13.2%€2.5m▲ 7.8%€2.6m▲ 5.7%
Working capital-€526,732below the sector's middle half--€290,112below the sector's middle half▲ 44.9%-€599,497below the sector's middle half▼ 107%-€797,790below the sector's middle half▼ 33.1%-€635,412below the sector's middle half▲ 20.4%
Solvency-0.6%below the sector's middle half--5.2%below the sector's middle half▼ 4.7pp-3.1%below the sector's middle half▲ 2.1pp-2.6%below the sector's middle half▲ 0.6pp-1.4%below the sector's middle half▲ 1.1pp
Current ratio0.28below the sector's middle half-0.26below the sector's middle half▼ 0.020.02below the sector's middle half▼ 0.230.01below the sector's middle half▼ 0.020.19below the sector's middle half▲ 0.18
Return on assets (ROA)-0.9%within the sector's middle half--4.8%below the sector's middle half▼ 3.9pp1.4%within the sector's middle half▲ 6.1pp0.3%within the sector's middle half▼ 1.0pp1.0%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.4m ▲ 1.1%
Current assets
€144,859 ▲ 2,342%
Equity and liabilities
Equity-€36,773
Debt€2.6m
Equity is negative: debt (€2.6m) exceeds the balance-sheet total (€2.6m).
Key figures and ratios
EBITDA
€229,134▲
2024 · €179,322
Cash flow
€145,740▲
2024 · €129,085
Interest coverage
4.56▲
2024 · 3.57
Debt ≤ 1 year
€780,270▼
2024 · €803,721
Debt > 1 year
€1.8m▲
2024 · €1.7m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 457 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 457 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,159 | €99,130 | €111,480 | €120,869 | €121,166 | ▲ 0.2% |
| Other operating charges640/8 | - | - | €708 | €1,326 | €35 | ▼ 97.4% |
| Non-recurring operating charges66A | - | - | - | €290 | - | - |
| Gross operating margin9900 | €83,316 | €48,815 | €187,079 | €180,938 | €229,169 | ▲ 26.7% |
| Operating profit (loss)9901 | €16,156 | -€50,315 | €74,890 | €58,452 | €107,968 | ▲ 84.7% |
| Financial charges65/66B | €30,277 | €40,785 | €44,115 | €50,236 | €83,394 | ▲ 66.0% |
| Recurring financial charges65 | €23,601 | €40,752 | €44,085 | €50,236 | €50,244 | = |
| Non-recurring financial charges66B | €6,675 | €33 | €30 | - | €33,150 | - |
| Profit (loss) for the period before taxes9903 | -€14,120 | -€91,100 | €30,775 | €8,216 | €24,574 | ▲ 199% |
| Profit (loss) for the period9904 | -€14,120 | -€91,100 | €30,775 | €8,216 | €24,574 | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | -€14,120 | -€91,100 | €30,775 | €8,216 | €24,574 | ▲ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.9m | €2.2m | €2.4m | €2.6m | ▲ 6.9% |
| Fixed assets21/28 | €1.4m | €1.8m | €2.2m | €2.4m | €2.4m | ▲ 1.1% |
| Tangible fixed assets22/27 | €1.4m | €1.8m | €2.2m | €2.4m | €2.4m | ▲ 1.1% |
| Land and buildings22 | €1.1m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 2.3% |
| Plant, machinery and equipment23 | - | €879 | €3,590 | €4,454 | €6,205 | ▲ 39.3% |
| Furniture and vehicles24 | €14,651 | €29,119 | €63,671 | €98,539 | €102,047 | ▲ 3.6% |
| Other tangible fixed assets26 | €222,538 | €380,033 | €595,699 | €780,045 | €767,110 | ▼ 1.7% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €206,888 | €101,257 | €15,102 | €5,932 | €144,859 | ▲ 2,342% |
| Stocks and contracts in progress3 | €110,000 | €60,000 | - | - | - | - |
| Stocks30/36 | €110,000 | €60,000 | - | - | - | - |
| Amounts receivable within one year40/41 | €1,862 | €5,994 | €2,294 | €2,187 | €22,551 | ▲ 931% |
| Trade receivables40 | €379 | €3,700 | - | - | €16,914 | - |
| Other amounts receivable41 | €1,483 | €2,294 | €2,294 | €2,187 | €5,638 | ▲ 158% |
| Cash at bank and in hand54/58 | €95,025 | €35,263 | €12,808 | €3,745 | €122,307 | ▲ 3,166% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.9m | €2.2m | €2.4m | €2.6m | ▲ 6.9% |
| Equity10/15 | -€9,238 | -€100,338 | -€69,563 | -€61,347 | -€36,773 | ▲ 40.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€14,238 | -€105,338 | -€74,563 | -€66,347 | -€41,773 | ▲ 37.0% |
| Amounts payable17/49 | €1.6m | €2.0m | €2.3m | €2.5m | €2.6m | ▲ 5.7% |
| Amounts payable after more than one year17 | €869,240 | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 9.9% |
| Financial debts170/4 | €869,240 | €1.6m | €1.7m | €1.7m | €1.6m | ▼ 4.4% |
| Trade debts175 | - | - | - | - | €237,019 | - |
| Amounts payable within one year42/48 | €733,620 | €391,370 | €614,599 | €803,721 | €780,270 | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | €42,830 | €61,472 | €309,573 | €167,327 | €161,017 | ▼ 3.8% |
| Financial debts43 | €120,000 | - | - | - | - | - |
| Credit institutions430/8 | €120,000 | - | - | - | - | - |
| Trade debts44 | €70,754 | €76,404 | €73,731 | €65,132 | €33,253 | ▼ 48.9% |
| Suppliers440/4 | €70,754 | €76,404 | €73,731 | €65,132 | €33,253 | ▼ 48.9% |
| Advances received on contracts in progress46 | - | - | - | €48,000 | - | - |
| Taxes, remuneration and social security45 | €8,747 | €8,756 | €4,015 | €177,762 | €163,000 | ▼ 8.3% |
| Taxes450/3 | €8,747 | €8,756 | €4,015 | €177,762 | €163,000 | ▼ 8.3% |
| Other amounts payable47/48 | €491,289 | €244,738 | €227,281 | €345,500 | €423,000 | ▲ 22.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,120 | -€91,100 | €30,775 | €8,216 | €24,574 | ▲ 199% |
| + Depreciation and write-downs630 | €67,159 | €99,130 | €111,480 | €120,869 | €121,166 | ▲ 0.2% |
| Operating cash flow (approximation) | €53,039 | €8,030 | €142,255 | €129,085 | €145,740 | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | -€525,975 | -€493,498 | -€316,557 | -€147,845 | ▲ 53.3% |
| Change in cash | - | -€59,762 | -€22,455 | -€9,063 | €118,563 | ▲ 1,408% |
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
2026
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 245 days late
2023
31-12
Financial
Back to profitnet €30,775
Net result €30,775 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€91,100
Net result drops to -€91,100, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, La Bruyère · 2 establishment units since 2019
Ground area
2,091 m²
Building footprint
248 m²
Volume, LiDAR
1,044 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SIEMHO
since 20192.297.180.130
Rue Namur-Perwez, V.-lez-Heest 19, 5080 La Bruyère
since 20262.391.684.161
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92036C0045/00K000 | Wallonia | 1,274 m² | 1 · 153 m² | 9.1 m · 2 fl. |
| 92131A0137/00N000 | Wallonia | 817 m² | 1 · 94 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLa Bruyère2.297.180.130
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,749 companies in this sector we hold annual accounts for 6,910. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
E-mail
jfm@simapi.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0739552447
Also
9925:BE0739552447
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.