Turnover
≈ €150,000 estimated
The micro format states no turnover.
HORA EST
Lifetime
4 annual accounts with figures on one time axispeak €42,759 (2024)
€19,268▼ 54.9%
peak €27,770 (2024)
€7,031▼ 74.7%
peak €41,762 (2025)
€41,762▲ 20.2%
€23,430▲ 47.4%
Board1 name since 2022
1 directorDE PUYSSELEIR Pascal
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €42,759 to €19,268Result from €27,770 to €7,031Equity from €34,732 to €41,762Debts from €15,895 to €23,430
Key points
from the 2025 annual accountsInvestments
€5,479 9.8 × depreciation
Green is investment, beige is depreciation.
Filings
4 annual accounts 4 late
The 2022 accounts came latest: 68 days after the end of the period.
Checked score
95
Excellent
Financially stronger than 72% of micro companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 856 companies (NACE 23, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.6%▲ +0.1 percentage points vs 02-2025
04-2025: 1.6%● unchanged vs 03-2025
05-2025: 1.7%▲ +0.1 percentage points vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 2.2%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 1.7%▼ -0.5 percentage points vs 08-2025
10-2025: 0.1%▼ -1.6 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
lowers risk
Sector: Manufacture of other non-metallic mineral products (NACE 23)
Liquidity: current ratio 2.57, cash €16,267
Founded in 2022
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 23, micro). It does better than 65% of them on solvency, 68% on liquidity, 77% on profitability and 77% 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 very low class on 30-06-2025, 0.1% 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, 39,278 companies had the same profile as HORA EST has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HORA EST itself is lower: 0.1% within 12 months. It rests on far more data about HORA EST 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 39,278 companies, not a prediction for HORA EST. 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 €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.57 (3.19 in 2024), above the usual 1.5. Short-term debt is 35.9% and cash 25% of total assets. 35.9% of the assets are financed with debt and provisions.
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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 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
31 days late
2022
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 40 days after the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% 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 1 September (3 of the last 4 accounts filed within 30 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 0208:0781862560
Registered office moved from Sint-Kruis to Beernem
New registered office: Tinhoutstraat 155, 8730 Beernem · Previous registered office: Tulpenstraat 16, 8310 SINT-KRUIS (BRUGGE) · General meeting of 10-03-2022 · Gazette deed
Incorporation
Founding capital of €100, 100 shares · Founder: DE PUYSSELEIR Pascal (shareholder) · Appointment: DE PUYSSELEIR Pascal (director) · published on 15-02-2022 · Gazette deed
First establishment
Tinhoutstraat 155, Beernem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HORA EST Beernem | €65,193 | €19,268 | 64.1% | - |
| BLANDU RENOVE Ninove | €105,386 | €19,632 | 48.0% | - |
| Stonetec Dendermonde | €58,092 | €8,856 | 50.4% | - |
| BS MONUMENT Namur | €44,547 | €11,414 | 55.5% | - |
| A&M HVAC Ledegem | €88,458 | €40,132 | 67.7% | - |
| TAILLEUR DE PIERRE Flémalle | €96,244 | €17,830 | 54.1% | - |
| RYSZARD Kruisem | €128,401 | €29,217 | 54.0% | - |
These companies have the same main activity as HORA EST: cutting, shaping and finishing of stone (NACE 23700). They are comparable in size and age: total assets between €44,500 and €128,000, founded between 2020 and 2023.
Official details
Source: KBO- Status
- Active since 11-02-2022Normal situation
- Activity
- Cutting, shaping and finishing of stoneNACE 23700and 5 others
- Establishment unit
- 2.327.972.1858730 Beernem, since 11-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 10-11-2025
Insights on HORA EST
HORA EST files the micro format. That format states no turnover. The gross margin rose from €9,274 in 2022 to €19,268 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 HORA EST
- What is the company number of HORA EST?
- The company number of HORA EST is 0781.862.560. The VAT number is the same number with BE in front: BE 0781.862.560.
- Where is HORA EST based?
- The registered office is at Tinhoutstraat 155, 8730 Beernem.Company details
- What does HORA EST do?
- According to the KBO register, the main activity is cutting, shaping and finishing of stone (NACE 23700).
- What is the legal form of HORA EST?
- HORA EST is a private limited company (BV).
- When was HORA EST founded?
- HORA EST was founded on 11-02-2022.
- Is HORA EST still active?
- Yes, HORA EST is an active enterprise in the KBO register.
- What is the turnover of HORA EST?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €19,268 and 6,299 comparable companies of the same size. It probably lies between €67,000 and €350,000. It is a rough estimate.Financials
- Is HORA EST profitable?
- In financial year 2025, HORA EST made a profit of €7,031.
- Where can I find the annual accounts of HORA EST?
- HORA EST filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HORA EST due?
- HORA EST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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