Equity
€265,206 ▲ 7.6%
HORACIUS has made a profit without a break since 2008.
HORACIUS
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €323,547 (2023)
€297,917▲ 27.7%
lowest -€743 (2006)
€18,653▲ 50.2%
peak €265,206 (2025)
€265,206▲ 7.6%
€104,812▼ 35.0%
peak 3 FTE (2019)
-not published
Board3 names since 2023
-
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €233,245 to €297,917Result from €12,422 to €18,653Debts from €161,222 to €104,812
Key points
from the 2025 annual accountsFilings
35 annual accounts since 1991
Nine of the last ten came late. The 2019 accounts came latest: 82 days after the end of the period.
Position in the sector
€265,206
More equity than 94% of companies in food and beverage service. Sector median €28,663 · 17,189 companies.
Checked score
93
Excellent
Financially stronger than 62% of micro companies in food and beverage service (NACE 56)
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: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
lowers risk
Founded in 1991
Liquidity: current ratio 3.09, cash €56,006
Equity €265,206 (71.7% of total assets)
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 56, micro). It does better than 85% of them on solvency, 64% on liquidity, 46% on profitability and 53% 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, 31,368 companies had the same profile as HORACIUS has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HORACIUS itself: 0.1% within 12 months.
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 31,368 companies, not a prediction for HORACIUS. 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 €24,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.09 (2.29 in 2024), above the usual 1.5. Short-term debt is 24.9% and cash 15.1% of total assets. 28.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
28 days late
2023
26 days late
2022
60 days late
2021
31 days late
2020
61 days late
2019
82 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 41 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 28 August (4 of the last 5 accounts filed within 31 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 0208:0443497262
3 directors resigning, 3 reappointments
Resignations: Didier VAN HOLDER, Ingrid FREDERIX and Laetitia VAN HOLDER · Reappointments: Didier VAN HOLDER, Ingrid FREDERIX and Laetitia VAN HOLDER · General meeting of 04-12-2023 · Gazette deed
First establishment
'T SLEUTELGAT, Kasseide 78, Ninove
Incorporation
published on 27-03-1991 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HORACIUS Ninove | - | - | 71.7% | - |
| BELGIAN WAFFLES NUMBER ONE Ghent | - | - | 0.2% | - |
| VARIOS Zele | - | - | 15.7% | - |
| ARVAN Brussels | €751,004 | 14.1% | 60.3% | - |
| Bertem Brug Bertem | - | - | 67.1% | - |
| LA TOUR Virton | €672,767 | 4.2% | 59.9% | - |
| La Maison du Berger Jurbise | - | - | 52.9% | - |
These companies have the same main activity as HORACIUS: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €335,000 and €407,000, founded between 1988 and 1996.
Official details
Source: KBO- Status
- Active since 25-02-1991Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.052.404.4899400 Ninove, since 18-04-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 18-06-2025
Annual accounts 2025
- ≈ €710,000estimated
- €370,018▼ 9.3%
- ≈ 4.4 FTEestimated
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on HORACIUS
HORACIUS files the micro format. That format states no turnover. The gross margin rose from €9,453 in 2006 to €297,917 in 2025.
The balance sheet grew most in 2021 through fixed assets.
In December 2023, three directors stepped down.
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 HORACIUS
- What is the company number of HORACIUS?
- The company number of HORACIUS is 0443.497.262. The VAT number is the same number with BE in front: BE 0443.497.262.
- Where is HORACIUS based?
- The registered office is at Kasseide 78, 9400 Ninove.Company details
- What does HORACIUS do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of HORACIUS?
- HORACIUS is a private limited company (BV).
- When was HORACIUS founded?
- HORACIUS was founded on 25-02-1991.
- Is HORACIUS still active?
- Yes, HORACIUS is an active enterprise in the KBO register.
- How many employees does HORACIUS have?
- HORACIUS had an average of 2.3 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of HORACIUS?
- The turnover in financial year 2025 is ≈ €710,000. This figure is estimated from the gross margin of €297,917 and 41 comparable companies (NACE 56111). It probably lies between €610,000 and €840,000.
- Is HORACIUS profitable?
- In financial year 2025, HORACIUS made a profit of €18,653.
- Where can I find the annual accounts of HORACIUS?
- HORACIUS filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HORACIUS due?
- HORACIUS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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