SIMKHO
ActiveSummary
SIMKHO has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €469,379 and a net result of €40,096. Equity has been shrinking by about 3% per year since 2018. Its solvency ranks better than 52% of 1,597 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-05-2017 Normal situation
- Activity
- Holiday cottages, homes and apartments NACE 55203and 4 others
- Establishment unit
- 2.264.537.254 4845 Jalhay, since 31-05-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Board and ownership
- DEMIRKOL SelimDirector · since 19-05-2017
- HUPPERTS KristelDirector · since 19-05-2017
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €195,138
- ▲ 4.5%
- Turnover
- ≈ €490,000
- estimated
- Profit
- €40,096
- ▲ 38.6%
- Equity
- €469,379
- ▲ 9.3%
- Total assets
- €2.2m
- ▲ 3.5%
Score breakdownraises riskEquity €469,379 (21.6% of total assets)lowers riskSize: total assets €2.2mFigures for financial year 2025 (filed on 19-06-2026)Liquidity: current ratio 1.84, cash €296,143Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 55, small). It does better than 43% of them on solvency, 89% on liquidity, 69% on profitability and 70% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 8 filings
Every figure per financial year
The operating result for 2025 is 22% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m |
| Carrying value of the mortgaged assets | €2.0m | €1.9m | €1.8m | €1.8m | €1.7m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €89,945 | €100,081 | €47,911 | €52,643 | €28,218 |
| Depreciation and write-downs of the year | €152,441 | €141,487 | €141,894 | €133,857 | €134,001 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €253,554 | €139,521 | €150,188 | €152,441 | €141,487 | €141,894 | €133,857 | €134,001 | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €9,312 | €10,955 | €9,873 | €11,812 | €10,968 | ▼ 7.1% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,232 | - | - | - |
| Gross operating margin9900 | €112,534 | €101,727 | -€2,558 | €118,951 | €202,028 | €154,934 | €186,683 | €195,138 | ▲ 4.5% |
| Operating profit (loss)9901 | -€149,336 | -€43,222 | -€159,887 | -€42,802 | €49,586 | €1,935 | €41,014 | €50,169 | ▲ 22.3% |
| Financial income75/76B | - | - | - | €9,757 | €10 | €66 | €46 | €0 | ▼ 100.0% |
| Recurring financial income75 | €8 | €1 | €5,000 | €9,757 | €10 | €66 | €46 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €10,871 | €12,466 | €11,748 | €12,131 | €10,073 | ▼ 17.0% |
| Recurring financial charges65 | €15,498 | €9,016 | €11,162 | €10,871 | €12,466 | €11,748 | €12,131 | €10,073 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | -€164,825 | -€52,238 | -€166,049 | -€43,916 | €37,130 | -€9,748 | €28,929 | €40,096 | ▲ 38.6% |
| Profit (loss) for the period9904 | -€164,825 | -€52,238 | -€166,049 | -€43,916 | €37,130 | -€9,748 | €28,929 | €40,096 | ▲ 38.6% |
| Profit (loss) for the period to be appropriated9905 | -€164,825 | -€52,238 | -€166,049 | -€43,916 | €37,130 | -€9,748 | €28,929 | €40,096 | ▲ 38.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.9m | €1.8m | €2.3m | €2.2m | €2.2m | €2.1m | €2.1m | €2.2m | ▲ 3.5% |
| Fixed assets21/28 | €1.8m | €1.7m | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | €1.8m | ▼ 5.7% |
| Tangible fixed assets22/27 | €1.8m | €1.7m | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | €1.8m | ▼ 5.7% |
| Land and buildings22 | - | - | - | €2.0m | €1.9m | €1.8m | €1.8m | €1.7m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | - | €0.004m | €0.003m | €0.001m | €395 | €0.004m | ▲ 812% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.1m | €0.1m | €0.09m | €0.07m | ▼ 21.7% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.007m | ▼ 37.6% |
| Current assets29/58 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 76.4% |
| Amounts receivable within one year40/41 | €0.005m | €0.007m | €0.005m | €0.006m | €0.01m | €0.01m | €40 | €0.1m | ▲ 2,846× |
| Trade receivables40 | - | - | - | €0.005m | €0.008m | €0.008m | €40 | €0.1m | ▲ 2,840× |
| Other amounts receivable41 | - | - | - | €0.001m | €0.005m | €0.002m | - | €207 | - |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 27.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.003m | €0.003m | €0.002m | €0.003m | ▲ 38.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €2.3m | €2.2m | €2.2m | €2.1m | €2.1m | €2.2m | ▲ 3.5% |
| Equity10/15 | €0.6m | €0.6m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | ▲ 9.3% |
| Contributions10/11 | €0.8m | €0.8m | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.4m | -€0.4m | -€0.4m | -€0.4m | -€0.4m | -€0.3m | ▲ 10.8% |
| Amounts payable17/49 | €1.3m | €1.2m | €1.8m | €1.8m | €1.8m | €1.7m | €1.7m | €1.7m | ▲ 2.0% |
| Amounts payable after more than one year17 | €1.2m | €1.2m | €1.8m | €1.7m | €1.7m | €1.6m | €1.5m | €1.5m | ▼ 4.2% |
| Financial debts170/4 | - | - | - | €0.9m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 9.7% |
| Other amounts payable178/9 | - | - | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Amounts payable within one year42/48 | €0.04m | €0.05m | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 75.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.07m | €0.07m | €0.06m | ▼ 2.4% |
| Trade debts44 | €0.002m | €0.01m | €0.02m | €0.003m | €0.005m | €0.02m | €0.02m | €0.007m | ▼ 64.8% |
| Suppliers440/4 | - | - | - | €0.003m | €0.005m | €0.02m | €0.02m | €0.007m | ▼ 64.8% |
| Advances received on contracts in progress46 | - | - | - | €0.02m | €0.03m | €0.03m | €0.04m | €0.1m | ▲ 275% |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.007m | ▲ 210% |
| Taxes450/3 | - | - | - | €450 | €441 | €450 | €0.001m | €0.007m | ▲ 611% |
| Remuneration and social security454/9 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | - | - |
| Other amounts payable47/48 | - | - | - | €296 | €200 | €200 | €200 | €200 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.002m | €40 | €0.001m | ▲ 23× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€164,825 | -€52,238 | -€166,049 | -€43,916 | €37,130 | -€9,748 | €28,929 | €40,096 | ▲ 38.6% |
| + Depreciation and write-downs630 | €253,554 | €139,521 | €150,188 | €152,441 | €141,487 | €141,894 | €133,857 | €134,001 | ▲ 0.1% |
| Operating cash flow (approximation) | €88,729 | €87,283 | -€15,861 | €108,525 | €178,617 | €132,147 | €162,786 | €174,097 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | -€56,939 | -€604,856 | -€88,011 | -€100,081 | -€42,679 | -€51,198 | -€28,218 | ▲ 44.9% |
| Change in cash | - | €6,312 | -€8,223 | €1,702 | €14,824 | €46,370 | €68,669 | €64,296 | ▼ 6.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,372 companies had the same profile as SIMKHO has now. Two years later, 96.6% were still going and 1.8% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SIMKHO itself is lower: 0.1% within 12 months. It rests on far more data about SIMKHO than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,372 companies, not a prediction for SIMKHO. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00175443 | |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00237685 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00153532 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379828 | |
| 31-12-2021 | micro format | 17-05-2022 | 2022-20028611 | |
| 31-12-2020 | micro format | 07-06-2021 | 2021-18300110 | |
| 31-12-2019 | micro format | 23-06-2020 | 2020-19900508 | |
| 31-12-2018 | micro format | 11-07-2019 | 2019-31800506 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 29-11-2023 Capital stated in the deed · 800 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEMIRKOL Selim |
|
| HUPPERTS Kristel |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, toutes cessions entre vifs onéreux gratuit volontaires forcées exclusion retrait…”
Articles of association, deed of 29-11-2023 (in French)
Network & group
SIMKHO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of SIMKHO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-11
Gazette deed
Changes of role: DEMIRKOL Selim (director) and HUPPERTS Kristel (director)Amendment of the articles · Capital conversion · Capital12 points ▸
- General meeting, 24-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible, compte de capitaux propres “apports non appelés”” (deed in French)
- Capital conversion, “suppression, fonds disponibles pour distribution” (deed in French)
- Capital
- Director resignation, DEMIRKOL Selim (manager)
- Director resignation, HUPPERTS Kristel (manager)
- Director appointment, DEMIRKOL Selim (director (not named in the articles))
- Director appointment, HUPPERTS Kristel (director (not named in the articles))
- Other provision, “acceptation et absence d'interdiction” (deed in French), mentioned 2 times in the deed
- Registered office clause, “4910 Theux (Polleur), rue Nicolas Midrez 94” (deed in French)
- Other provision, “site internet et adresse électronique” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- L’exploitation et la location de gîtes
- L’organisation d’événements et d’activités
- Le service de traiteur
- L’organisation de séminaires
- La location de cabanes et roulottes
- Les locations et activités équestres(gîte équestre)
- La location de vélos et de motos
- La location d’hébergement insolite,élevage et agriculture
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63038C1242/00Z000 | Wallonia | 1.5 ha | 1 · 413 m² | 9.8 m · 3 |
| 63060B0275/00R000 | Wallonia | 1,378 m² | 1 · 147 m² | 9.0 m · 2 |