Atelier Horizon
ActiveSummary
The computed 12-month bankruptcy probability of Atelier Horizon is 3.9% (moderate). The 2025 annual accounts show equity of €402k and a net result of €120k. Equity is growing by ~25.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 4486 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+2
Solvency67▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 3.53 in 2024; short-term debt: 29.8% and cash: 19% of total assets), but 57.9% of the assets are financed with debt.
Credit advice for your own amount and term
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.1%
Return on assets
12.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
15 d late
2024
40 d early
2023
8 d early
2022
32 d early
2021
1 d late
2020
40 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€402k▼ 0.2%
2024 · €403k
2019: €35k
2020: €103k
2021: €220k
2022: €274k
2023: €375k
2024: €403k
2019 → 2025
Total assets
€955k▲ 17.5%
2024 · €813k
2019: €53k
2020: €285k
2021: €492k
2022: €695k
2023: €782k
2024: €813k
2019 → 2025
Net result
€120k▲ 36.0%
2024 · €88k
2019: €28k
2020: €69k
2021: €136k
2022: €102k
2023: €135k
2024: €88k
2019 → 2025
Working capital
€223k▼ 13.5%
2024 · €258k
2019: €30k
2020: €52k
2021: €129k
2022: €251k
2023: €238k
2024: €258k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€274k▲ 25.0%€375k▲ 36.9%€403k▲ 7.2%€402k▼ 0.2%
Operating result€171k-€119k▼ 30.6%€179k▲ 51.2%€120k▼ 33.1%€163k▲ 35.9%
Net result€136k-€102k▼ 24.9%€135k▲ 31.5%€88k▼ 34.4%€120k▲ 36.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €955k
Fixed assets
€447k ▼ 1.3%
Current assets
€508k ▲ 41.2%
Equity and liabilities €955k
Equity
€402k ▼ 0.2%
Debt
€553k ▲ 34.9%
Debt's share of the balance-sheet total rises from 50.5% to 57.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€184k▲
2024 · €142k
Cash flow
€142k▲
2024 · €111k
Current ratio
1.78▼
2024 · 3.53
Debt to equity
1.38▲
2024 · 1.02
ROE
29.9%▲
2024 · 21.9%
ROA
12.6%▲
2024 · 10.9%
Interest coverage
120.90▲
2024 · 79.33
Debt ≤ 1 year
€285k▲
2024 · €102k
Debt > 1 year
€269k▼
2024 · €308k
Income taxes
€42k▲
2024 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€813k€955k▲
Fixed assets21/28€453k€447k▼
Tangible fixed assets22/27€428k€410k▼
Land and buildings22€403k€389k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€22k€19k▼
Financial fixed assets28€25k€37k▲
Current assets29/58€360k€508k▲
Amounts receivable within one year40/41€278k€317k▲
Trade receivables40€263k€303k▲
Other amounts receivable41€15k€14k▼
Cash at bank and in hand54/58€74k€181k▲
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€813k€955k▲
Equity10/15€403k€402k▼
Contributions10/11€19k€19k=
Reserves13€359k€359k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€357k€357k=
Investment grants15€25k€24k▼
Amounts payable17/49€410k€553k▲
Amounts payable after more than one year17€308k€269k▼
Financial debts170/4€308k€269k▼
Amounts payable within one year42/48€102k€285k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€7k€94k▲
Suppliers440/4€7k€94k▲
Taxes, remuneration and social security45€25k€61k▲
Taxes450/3€25k€57k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€60k€120k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€6k€1k▼
Gross operating margin9900€148k€186k▲
Operating profit (loss)9901€120k€163k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€119k€162k▲
Income taxes67/77€31k€42k▲
Profit (loss) for the period9904€88k€120k▲
Profit (loss) for the period to be appropriated9905€88k€120k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€120k▲
Transfer to equity691/2€28k€161▼
To other reserves6921€28k€161▼
Profit to be distributed694/7€60k€120k▲
Return on contributions (dividend)694€60k€120k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Highest result since 2019net €136k ▲98.2%
Net result €136k, the highest in the series.
31-12
Financial
Equity above €200kEq €220k ▲112%
3 profitable years in a row build equity to €220k.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €103k ▲198%
2 profitable years in a row build equity to €103k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Annadreef 50A1020 BrusselGround area
631 m²
Building footprint
259 m²
Volume, LiDAR
5,026 m³
2 parcels, Brussels · tallest building 27.3 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Atelier Horizon
since 20192.285.857.557
Atelier Horizon
since 20212.312.153.861
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0089/00T017 | Brussels | 466 m² | 1 · 177 m² | 27.3 m · 8 fl. |
| 21816C0191/00A003 | Brussels | 165 m² | 1 · 82 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Federal government
2024 · 1 entry · 12,100 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Mobiliteit | 1 | 12,100 EUR |
Budget allocations
Samenwerkingsakkoord - Kapitaaloverdrachten naar lokale overheden
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CANOPY
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 2,847 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.