EQUESTRIAN TECHNOLOGY

Active

Private limited companyfounded 20205 yrs activeAvenue des Moissons 13, 1360 Perwez, BelgiumKBO/BCE: BE 0760.629.755

EQUESTRIAN TECHNOLOGY has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €433k and a net result of €-316k. Equity is shrinking by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 28% of 620 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

2 / 100

Critical▼ -13 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency12▼-43

Growth52=

Stability94

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.35 against 0.17 in 2024), and 81.3% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 74

Relative position

BE, all sectors

reference

Sector 74

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

22232425

2022 to 2025 · latest year -€316k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

14 d early

2024

2 d early

2023

on the day

2022

12 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-316k▼ 38.3%

2024 · €-228k

2022: €35k 2023: €-93k 2024: €-228k

2022 → 2025

Working capital

€-606k▲ 16.4%

2024 · €-725k

2022: €-39k 2023: €116k 2024: €-725k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€359k-€987k▲ 175%€758k▼ 23.1%€433k▼ 42.9%

Operating result€35k-€-84k€-214k▼ 154%€-274k▼ 28.1%

Net result€35k-€-93k€-228k▼ 146%€-316k▼ 38.3%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €274k in 2025 against €214k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €2.31M

86.1%

13.9%

Fixed assets €1.99M▲ 27.0%

Current assets €322k▲ 111%

Equity and liabilities €2.31M

18.7%

81.3%

Equity €433k▼ 42.9%

Debt €1.88M▲ 95.2%

The debt ratio rises from 56.0% to 81.3%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-171k▲

2024 · €-211k

Cash flow

€-212k▲

2024 · €-225k

Solvency

18.7%▼

2024 · 44.0%

Current ratio

0.35▲

2024 · 0.17

Quick ratio

0.23▲

2024 · 0.07

Debt / equity

4.34▲

2024 · 1.27

ROE

-73.0%▼

2024 · -30.1%

ROA

-13.7%▼

2024 · -13.3%

Interest coverage

-3.33▲

2024 · -14.21

Debt

€1.88M▲

2024 · €964k

Debt ≤ 1 year

€928k▲

2024 · €878k

Debt > 1 year

€935k▲

2024 · €80k

Income taxes

€412

Staff costs

€271k▲

2024 · €46k

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€1.72M€2.31M▲

Fixed assets21/28€1.57M€1.99M▲

Intangible fixed assets21€1.55M€1.97M▲

Tangible fixed assets22/27€15k€20k▲

Plant, machinery and equipment23€12k€10k▼

Furniture and vehicles24€3k€10k▲

Financial fixed assets28€7k€7k=

Current assets29/58€153k€322k▲

Stocks and contracts in progress3€93k€109k▲

Stocks30/36€93k€109k▲

Amounts receivable within one year40/41€31k€95k▲

Trade receivables40€14k€87k▲

Other amounts receivable41€17k€9k▼

Cash at bank and in hand54/58€29k€79k▲

Deferred charges and accrued income490/1€261€38k▲

Equity and liabilities

Total equity and liabilities10/49€1.72M€2.31M▲

Equity10/15€758k€433k▼

Contributions10/11€855k€855k=

Profit (loss) carried forward14€-286k€-602k▼

Investment grants15€189k€180k▼

Amounts payable17/49€964k€1.88M▲

Amounts payable after more than one year17€80k€935k▲

Financial debts170/4€80k€935k▲

Amounts payable within one year42/48€878k€928k▲

Current portion of amounts payable after more than one year42€20k€246k▲

Financial debts43€247k€285k▲

Credit institutions430/8€247k€285k▲

Trade debts44€413k€333k▼

Suppliers440/4€413k€333k▼

Advances received on contracts in progress46€49k€0▼

Taxes, remuneration and social security45€10k€64k▲

Taxes450/3€419€7k▲

Remuneration and social security454/9€9k€57k▲

Other amounts payable47/48€140k€0▼

Accrued charges and deferred income492/3€6k€19k▲

Income statement Code20242025

Non-recurring operating income76A-€517

Remuneration, social security and pensions62€46k€271k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€103k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k

Other operating charges640/8€4k€27k▲

Gross operating margin9900€-161k€135k▲

Operating profit (loss)9901€-214k€-274k▼

Financial income75/76B€334€10k▲

Recurring financial income75€334€10k▲

Financial charges65/66B€15k€51k▲

Recurring financial charges65€15k€51k▲

Profit (loss) for the period before taxes9903€-228k€-315k▼

Income taxes67/77-€412

Profit (loss) for the period9904€-228k€-316k▼

Profit (loss) for the period to be appropriated9905€-228k€-316k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-286k€-602k▼

Profit (loss) brought forward from the previous period14P€-58k€-286k▼

Social balance

Average headcount (FTE)90871.35.4▲

The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2026

17-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-316k

Net result drops to €-316k, the lowest in the series.

28-04

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

30-04

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

30-09

Financial Liquidity triplescurrent ratio 1.60

Current ratio from 0.55 to 1.60.

30-09

Financial Equity above €500kEq €987k ▲175%

Equity rises from €359k to €987k.

12-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 12 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Perwez · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Avenue des Moissons 131360 Perwez

Ground area

1.7 ha

Building footprint

320 m²

Volume, LiDAR

2,639 m³

2 parcels, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

EQUESTRIAN TECHNOLOGY

Avenue Léonard de Vinci 18, 1300 WavreAgents specialised in the wholesale of other particular products

since 20202.311.813.866

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25006A0402/00A000	Wallonia	1.1 ha	-	-
25084C0577/00A003	Wallonia	5,862 m²	1 · 320 m²	9.9 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.

Similar companies · same sector, comparable size

Of 4,548 companies in sector 74999 we hold annual accounts for 1,933. 1,244 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-12-2020

Fiscal year end31-12

Activities, NACEBEL

74909Other professional, scientific and technical activities

74999Other professional, scientific and technical activities

Sources

Crossroads Bank for EnterprisesNational Bank · 4 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.