Equity
€46,938 ▲ 9.1%
HOORWINKEL paid out €8,015 in dividends. That is 67% of the 2025 profit.
HOORWINKEL
Lifetime
11 annual accounts with figures on one time axispeak €135,596 (2023)
€127,908▲ 1.5%
lowest -€51,473 (2022)
€11,917▲ €15,875
peak €65,561 (2016)
€46,938▲ 9.1%
€162,525▼ 22.0%
peak 1.1 FTE (2019)
-not published
Board3 names since 2018
1 directorPhilips Gert
Documentsfilings and deeds
29-10-202690 days late
2025micro format
Back to profit: €11,917Registered office moved within Antwerp 15-09Dividend €8,015Debts from €208,328 to €162,525
Key points
from the 2025 annual accountsChecked score
37
Weak
Financially stronger than 43% of micro companies in retail trade (NACE 47)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.8% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 10.9%
01-2025: 21.3%▲ +10.4 percentage points vs 12-2024
02-2025: 21.3%● unchanged vs 01-2025
03-2025: 21.4%▲ +0.1 percentage points vs 02-2025
04-2025: 20.1%▼ -1.3 percentage points vs 03-2025
05-2025: 20.1%● unchanged vs 04-2025
06-2025: 19.9%▼ -0.2 percentage points vs 05-2025
07-2025: 19.7%▼ -0.2 percentage points vs 06-2025
08-2025: 21.7%▲ +2.0 percentage points vs 07-2025
09-2025: 21.7%● unchanged vs 08-2025
10-2025: ≥ 25%▲ +5.9 percentage points vs 09-2025highest value
11-2025: 17.5%▼ -10.1 percentage points vs 10-2025
12-2025: 6.9%▼ -10.6 percentage points vs 11-2025
01-2026: 6.8%▼ -0.1 percentage points vs 12-2025
02-2026: 6.8%● unchanged vs 01-2026
03-2026: 6.7%▼ -0.1 percentage points vs 02-2026
04-2026: 6.8%▲ +0.1 percentage points vs 03-2026
05-2026: 6.5%▼ -0.3 percentage points vs 04-2026
06-2026: 6.4%▼ -0.1 percentage points vs 05-2026
07-2026: 6.4%● unchanged vs 06-2026
08-2026: 7.6%▲ +1.2 percentage points vs 07-2026
09-2026: 9.0%▲ +1.4 percentage points vs 08-2026
10-2026: 12.5%▲ +3.5 percentage points vs 09-2026
11-2026: 5.8%▼ -6.7 percentage points vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
2 changes of registered office in 24 months
Last filed accounts filed 90 days late; 3 of the last 3 accounts late
Size: total assets €214,628
lowers risk
Liquidity: current ratio 1.24, cash €49,358
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 38% of them on solvency, 35% on liquidity, 39% on profitability and 59% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as HOORWINKEL has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HOORWINKEL itself is higher: 5.8% within 12 months. It rests on far more data about HOORWINKEL than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,053 companies, not a prediction for HOORWINKEL. 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
Credit of up to €1,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.24 (1.3 in 2024), below the usual 1.5. Short-term debt is 75.7% and cash 23% of total assets. 78.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
90 days late
2024
92 days late
2023
425 days late
2022
232 days late
2021
61 days late
2020
90 days late
2019
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 151 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 October (4 of the last 5 accounts filed within 140 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0568768012
Registered office moved within Antwerp
New registered office: Dorpstraat 33, 2180 Antwerpen · Previous registered office: Dorpstraat 32, 2180 Antwerpen · Permanent representative: Pieter Cox · Gazette deed
Registered office moved within Antwerp
New registered office: Dorpstraat 32, 2180 Antwerpen · Previous registered office: Driehoekstraat 8, 2180 Antwerpen · Permanent representative: Iris Carsau · General meeting of 01-09-2024 · Gazette deed
New establishment in Schoten
Gelmelenstraat 3
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOORWINKEL Antwerp | €214,628 | €127,908 | 21.9% | - |
| TOPTIC Uccle | €281,983 | €146,224 | 71.1% | - |
| CENTRE AUDITIF SCHOLLIERS Spa | €199,949 | €90,306 | 37.2% | - |
| CDI MEDICAL Namur | €179,408 | €121,788 | -354.2% | 4.3 |
| DIAGNOSTIC IMAGING BELGIUM Woluwe-Saint-Pierre | €170,726 | €116,855 | 21.5% | - |
| LEMAIRE Torhout | €280,306 | €88,124 | 63.4% | - |
| Matériel médical Thierry Ernst Dalhem | €209,198 | €88,366 | 66.7% | 1.3 |
These companies have the same main activity as HOORWINKEL: retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses (NACE 47741). They are comparable in size and age: total assets between €171,000 and €282,000, founded between 2013 and 2017.
Official details
Source: KBO- Status
- Active since 15-01-2015Normal situation
- Activity
- Retail sale of medical and orthopaedic goods, excluding prescription glasses and lensesNACE 47741and 2 others
- Joint committee
- 201Independent retail · annual accounts 2025
- Establishment units
- 2.240.222.2252180 Antwerp, since 15-01-2015
- 2.241.666.3372170 Antwerp, since 15-01-2015and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 19-10-2026
Annual accounts 2025
- ≈ €390,000estimated
- €214,628▼ 16.3%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 29-10-2026
Insights on HOORWINKEL
HOORWINKEL files the micro format. That format states no turnover. The gross margin rose from €51,485 in 2015 to €127,908 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 HOORWINKEL
- What is the company number of HOORWINKEL?
- The company number of HOORWINKEL is 0568.768.012. The VAT number is the same number with BE in front: BE 0568.768.012.
- Where is HOORWINKEL based?
- The registered office is at Dorpstraat 33, 2180 Antwerp.Company details
- What does HOORWINKEL do?
- According to the KBO register, the main activity is retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses (NACE 47741).
- What is the legal form of HOORWINKEL?
- HOORWINKEL is a private limited company (pre-2019) (BVBA).
- When was HOORWINKEL founded?
- HOORWINKEL was founded on 15-01-2015.
- Is HOORWINKEL still active?
- Yes, HOORWINKEL is an active enterprise in the KBO register.
- How many employees does HOORWINKEL have?
- HOORWINKEL had an average of 2.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HOORWINKEL fall under?
- In its 2025 annual accounts, HOORWINKEL states joint committee 201 (Independent retail).
- What is the turnover of HOORWINKEL?
- The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €127,908 and 31 comparable companies (NACE 477). It probably lies between €270,000 and €730,000.
- Is HOORWINKEL profitable?
- In financial year 2025, HOORWINKEL made a profit of €11,917.
- Where can I find the annual accounts of HOORWINKEL?
- HOORWINKEL filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOORWINKEL due?
- HOORWINKEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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