BVM-HORSE PROJECTS
ActiveThe computed 12-month bankruptcy probability of BVM-HORSE PROJECTS is 1.7% (moderate). The 2025 annual accounts show negative equity (€-154k) and a net result of €-25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its net result ranks better than 9% of 11205 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency100▲+67
Growth32=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€154k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
30 d late
2023
29 d late
2022
32 d early
2021
30 d late
2020
29 d late
2019
92 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-154k▼ 19.3%
2024 · €-129k
2018: €-3k
2019: €-17k
2020: €-26k
2021: €-30k
2022: €-32k
2023: €-37k
2024: €-129k
2018 → 2025
Total assets
€24k▼ 79.4%
2023 · €117k
2018: €123k
2019: €120k
2020: €117k
2021: €113k
2022: €121k
2023: €117k
2018 → 2024
Net result
€-25k▲ 73.1%
2024 · €-93k
2018: €-10k
2019: €-13k
2020: €-9k
2021: €-5k
2022: €-2k
2023: €-4k
2024: €-93k
2018 → 2025
Working capital
€-129k▼ 253%
2023 · €-37k
2018: €-10k
2019: €-22k
2020: €-27k
2021: €-30k
2022: €-32k
2023: €-37k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-30k-€-32k▼ 6.3%€-37k▼ 13.8%€-129k▼ 253%€-154k▼ 19.3%
Operating result€-4k-€-1k▲ 72.8%€-2k▼ 127%€-2k▲ 31.1%€-23k▼ 1,285%
Net result€-5k-€-2k▲ 59.7%€-4k▼ 135%€-93k▼ 1,983%€-25k▲ 73.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €2k in 2024; the loss grows and 2025 is the lowest year so far.
Key figures and ratios
Debt / equity
-1.00▲
2024 · -1.19
ROE
16.2%▼
2024 · 71.7%
Debt
€154k▲
2024 · €153k
Debt ≤ 1 year
€154k▲
2024 · €153k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€24k-
Current assets29/58€24k-
Amounts receivable within one year40/41€24k-
Trade receivables40€23k-
Other amounts receivable41€105-
Cash at bank and in hand54/58€476-
Equity and liabilities
Total equity and liabilities10/49€24k-
Equity10/15€-129k€-154k▼
Contributions10/11€12k€12k=
Reserves13€170€170=
Non-distributable reserves130/1€170€170=
Reserves not available under the articles1311€170€170=
Profit (loss) carried forward14€-142k€-167k▼
Amounts payable17/49€153k€154k▲
Amounts payable within one year42/48€153k€154k▲
Financial debts43€30k€30k▲
Credit institutions430/8€30k€30k▲
Trade debts44-€100
Suppliers440/4-€100
Taxes, remuneration and social security45-€141
Taxes450/3-€141
Other amounts payable47/48€123k€124k▲
Income statement
Code20242025
Other operating charges640/8€98€24k▲
Gross operating margin9900€-2k€269▲
Operating profit (loss)9901€-2k€-23k▼
Financial charges65/66B€91k€2k▼
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B€89k-
Profit (loss) for the period before taxes9903€-93k€-25k▲
Profit (loss) for the period9904€-93k€-25k▲
Profit (loss) for the period to be appropriated9905€-93k€-25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-142k€-167k▼
Profit (loss) brought forward from the previous period14P€-49k€-142k▼
The notes to these accounts (3 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tremelo · 1 establishment unit since 2016
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.
Remerstraat 143128 TremeloGround area
1,873 m²
Building footprint
136 m²
Volume, LiDAR
680 m³
Parcel 24006D0507/00S000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVM-HORSE PROJECTS
since 20162.250.773.251
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24006D0507/00S000 | Flanders | 1,873 m² | 1 · 136 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 579 companies in sector 46496 we hold annual accounts for 380. 88 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2016
Fiscal year end31-12
Activities, NACEBEL
46496Wholesale trade
16230Manufacture of other builders' carpentry and joinery
41003General construction of other non-residential buildings
43320Joinery installation
47522Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
68321Property management for co-owned buildings (syndics)
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.