De Werf Horses
ActiveDe Werf Horses has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-17k. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 3121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-64
Solvency50▼-11
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.93 against 1.47 in 2024; short-term debt: 74.7% and cash: 0.6% of total assets), and 74.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.3%
Return on assets
-11.7%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-17k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
21 d early
2023
26 d early
2022
48 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€38k▼ 31.6%
2024 · €55k
2022: €52k
2023: €56k
2024: €55k
2022 → 2025
Total assets
€150k▼ 3.1%
2024 · €155k
2022: €89k
2023: €126k
2024: €155k
2022 → 2025
Net result
€-17k▼ 1,835%
2024 · €-904
2022: €-5k
2023: €5k
2024: €-904
2022 → 2025
Working capital
€-8k
2024 · €47k
2022: €51k
2023: €49k
2024: €47k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€52k-€56k▲ 8.8%€55k▼ 1.6%€38k▼ 31.6%
Operating result€-5k-€5k€-990€-19k▼ 1,776%
Net result€-5k-€5k€-904€-17k▼ 1,835%
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 €19k in 2025 against €990 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150k
Fixed assets
€46k▲ 452%
Current assets
€104k▼ 28.8%
Equity and liabilities €150k
Equity
€38k▼ 31.6%
Debt
€112k▲ 12.7%
The debt ratio rises from 64.2% to 74.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €914
Cash flow
€-10k▼
2024 · €1k
Solvency
25.3%▼
2024 · 35.8%
Current ratio
0.93▼
2024 · 1.47
Quick ratio
0.03▼
2024 · 0.08
Debt / equity
2.96▲
2024 · 1.80
ROE
-46.2%▼
2024 · -1.6%
ROA
-11.7%▼
2024 · -0.6%
Interest coverage
-45.09▼
2024 · 13.24
Debt
€112k▲
2024 · €99k
Debt ≤ 1 year
€112k▲
2024 · €99k
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€155k€150k▼
Fixed assets21/28€8k€46k▲
Tangible fixed assets22/27€8k€46k▲
Land and buildings22€5k€6k▲
Plant, machinery and equipment23€3k€40k▲
Current assets29/58€147k€104k▼
Stocks and contracts in progress3€139k€101k▼
Stocks30/36€139k€101k▼
Amounts receivable within one year40/41€7k€2k▼
Trade receivables40€5k€2k▼
Other amounts receivable41€2k€192▼
Cash at bank and in hand54/58€457€921▲
Deferred charges and accrued income490/1€0€304▲
Equity and liabilities
Total equity and liabilities10/49€155k€150k▼
Equity10/15€55k€38k▼
Contributions10/11€57k€57k=
Profit (loss) carried forward14€-2k€-19k▼
Amounts payable17/49€99k€112k▲
Amounts payable within one year42/48€99k€112k▲
Trade debts44€15k€7k▼
Suppliers440/4€15k€7k▼
Advances received on contracts in progress46€3k€2k▼
Taxes, remuneration and social security45€54€54=
Taxes450/3€54€54=
Other amounts payable47/48€81k€103k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€8k▲
Other operating charges640/8€611€120▼
Gross operating margin9900€2k€-11k▼
Operating profit (loss)9901€-990€-19k▼
Financial income75/76B€156€1k▲
Recurring financial income75€156€1k▲
Financial charges65/66B€69€242▲
Recurring financial charges65€69€242▲
Profit (loss) for the period before taxes9903€-904€-17k▼
Profit (loss) for the period9904€-904€-17k▼
Profit (loss) for the period to be appropriated9905€-904€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-19k▼
Profit (loss) brought forward from the previous period14P€-751€-2k▼
The notes to these accounts (5 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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, Ravels · 2 establishment units since 2020
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.
Steenweg Baarle 272382 RavelsGround area
2,769 m²
Building footprint
391 m²
Volume, LiDAR
984 m³
2 parcels, Flanders · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
De Werf Horses
since 20202.310.689.359
De Werf Horses
since 20252.376.551.864
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13033D0748/00G000 | Flanders | 1,788 m² | 1 · 162 m² | 15.5 m · 2 fl. |
| 13033D0769/00B000 | Flanders | 981 m² | 1 · 228 m² | - |
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.
Similar companies · same sector, comparable size
Haras du Grand Champ
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SERENITY STABLES
BE 0628.938.397
Lokeren · Eq €37k
KEMAKO
BE 0838.023.283
Sint-Pieters-Leeuw · Eq €37k
V-Horses
BE 0675.376.455
Jurbise · Eq €37k
Max Sporthorses
BE 0800.334.132
Kasterlee · Eq €37k
Of 1,957 companies in sector 01430 we hold annual accounts for 743. 513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-2020
Fiscal year end30-06
Activities, NACEBEL
01430Raising of horses and other equines
01620Support activities for animal production
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:line.maes@outlook.be
Phone:0478756861