Equity
-€248,683
Debts exceed assets in financial year 2025.
BETWEEN HORSES
Lifetime
8 annual accounts with figures on one time axispeak €153,942 (2025)
€153,942▲ 145%
lowest -€184,265 (2023)
€9,625▲ €90,152
peak €17,699 (2017)
-€248,683▲ €9,624
€403,425▼ 3.8%
peak 2.4 FTE (2018)
-not published
Board2 names since 2016
2 directors and 1 other
Documentsfilings and deeds
10-06-202610 days late
2025micro format
Gross margin from €62,755 to €153,942Back to profit: €9,625
Key points
from the 2025 annual accountsResult
€9,625 €9,625
Back in profit in 2025, after a loss of €80,527 in 2024.
Debts
€403,425 261% of the balance sheet
Financial debts 23%Suppliers 23%Taxes and wages 16%Other 38%
Of this, €306,078 falls due within a year.
Staff
3 employees on 31-10-2025
In 2025, nobody joined and 1 person left.
Filings
8 annual accounts 6 late
The 2021 accounts came latest: 78 days after the end of the period.
Position in the sector
-160.7%
Lower solvency than 95% of companies in other professional activities. Sector median 49.6% · 4,561 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as BETWEEN HORSES has now. Each dot stands for 6 companies, two years later.
88.8%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,180 companies, not a prediction for BETWEEN HORSES. 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 verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0666803239
Plan homologation
Enterprise Court of Walloon Brabant · judgment of 10-10-2024 · Judicial reorganisation
Judicial reorganisation opened
Enterprise Court of Walloon Brabant · collective agreement · judgment of 24-06-2024 · Judicial reorganisation
Change of role: , from manager to director
“du centre Equestre de la Papelotte” (deed in French) · Director discharge: · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 22-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BETWEEN HORSES Waterloo | €154,743 | €153,942 | -160.7% | - |
| STEPPERS Sint-Gillis (bij-Brussel) | €164,742 | €129,858 | 16.4% | - |
| Stoëmp Studio Brussels | €171,648 | €211,835 | 32.7% | - |
| RAAK Design Studio Leuven | €199,566 | €132,549 | 10.8% | - |
| Handley Overijse | €182,891 | €137,665 | 32.6% | - |
| KOLOS Mechelen | €182,875 | €118,812 | 43.5% | - |
| WE Advise Boechout | €201,916 | €155,475 | 12.8% | - |
These companies have the same main activity as BETWEEN HORSES: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €165,000 and €202,000, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 30-11-2016Normal situation
- Activity
- Graphic design and visual communicationNACE 74120and 6 others
- Joint committee
- 144Agriculture · annual accounts 31-10-2025
- Establishment unit
- 2.258.957.5761410 Waterloo, since 08-12-2016
- Financial year end
- 31 October
- Peppol
- Reachable since 10-11-2025
Annual accounts to 31-10-2025
- ≈ €390,000estimated
- €154,743▼ 3.9%
- Employeeson 31-10-2025
- 3▼ 25.0%
- Filing
- Filed on 10-06-2026
Insights on BETWEEN HORSES
BETWEEN HORSES files the micro format. That format states no turnover. The gross margin rose from €61,922 in 2017 to €153,942 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BETWEEN HORSES
- What is the company number of BETWEEN HORSES?
- The company number of BETWEEN HORSES is 0666.803.239. The VAT number is the same number with BE in front: BE 0666.803.239.
- Where is BETWEEN HORSES based?
- The registered office is at Chemin de la Papelotte 41, 1410 Waterloo.Company details
- What does BETWEEN HORSES do?
- According to the KBO register, the main activity is graphic design and visual communication (NACE 74120).
- What is the legal form of BETWEEN HORSES?
- BETWEEN HORSES is a private limited company (BV).
- When was BETWEEN HORSES founded?
- BETWEEN HORSES was founded on 30-11-2016.
- Is BETWEEN HORSES still active?
- Yes, BETWEEN HORSES is an active enterprise in the KBO register.
- How many employees does BETWEEN HORSES have?
- BETWEEN HORSES had an average of 3.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BETWEEN HORSES fall under?
- In its 31-10-2025 annual accounts, BETWEEN HORSES states joint committee 144 (Agriculture).
- What is the turnover of BETWEEN HORSES?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €153,942 and 2,204 comparable companies of the same size. It probably lies between €260,000 and €600,000. It is a rough estimate. In financial year 2019 turnover was €257,812.
- Is BETWEEN HORSES profitable?
- In financial year 2025, BETWEEN HORSES made a profit of €9,625.
- Where can I find the annual accounts of BETWEEN HORSES?
- BETWEEN HORSES filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BETWEEN HORSES due?
- BETWEEN HORSES must file the annual accounts for financial year 2026 by 31-05-2027.Timeline
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