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Horagro

Active
Private limited companyfounded 201214 yrs activeSint-Pietersgroenestraat 8-10, 8000 Brugge, BelgiumKBO/BCE: BE 0846.815.839
Summary

Horagro has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €747,092 and a net result of €62,658. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 3447 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
HoragroActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Activities of head offices
NACE 70100
1 site
Size
€580,000turnover 2025
Equity
€747,092
Profit
€62,658
Financial health
93 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
R.W.M. BV
Accounts filed 5 d late1 of 8 deeds read
Why 93- Liquidity: current ratio 3.68, cash €32,360, halved+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Figures for FY 2025 (filed 05-08-2026)+ Size: turnover €580,000, total assets €1.1mShow the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 93+40
equity 68.0% of total assets
Liquidity 43+24
short-term debt 27.2% · cash 2.9%
Profitability 52+13
return on assets 5.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,477 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▲ +1.3% vs 01-2025 03-2025: 0.1%▲ +1.3% vs 02-2025 04-2025: 0.1%▲ +8.6% vs 03-2025 05-2025: 0.1%▲ +4.5% vs 04-2025 06-2025: 0.1%▲ +9.8% vs 05-2025 07-2025: 0.1%▲ +35.6% vs 06-2025 08-2025: 0.1%▼ -52.6% vs 07-2025lowest value 09-2025: 0.1%● 0.0% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%▲ +1.5% vs 01-2026 03-2026: 0.1%▲ +13.6% vs 02-2026 04-2026: 0.1%▲ +8.0% vs 03-2026 05-2026: 0.1%▲ +3.7% vs 04-2026 06-2026: 0.1%▲ +21.4% vs 05-2026 07-2026: 0.1%▲ +27.5% vs 06-2026 08-2026: 0.3%▲ +142% vs 07-2026highest value 09-2026: 0.1%▼ -72.1% vs 08-2026 10-2026: 0.1%▲ +4.5% vs 09-2026
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Figures for FY 2025 (filed 05-08-2026) lowers the probability
  • Size: turnover €580,000, total assets €1.1m lowers the probability for this profile
  • Liquidity: current ratio 3.68, cash €32,360, halved raises the probability
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 3.68 against 1.49 in 2024; short-term debt: 27.2% and cash: 2.9% of total assets), and 32% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 63%, liquidity 23%, profitability 24%, growth against the median 53%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Figures for FY 2025 (filed 05-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: turnover €580,000, total assets €1.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 3.68, cash €32,360, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
5 d late
2024
24 d early
2023
2 d late
2022
3 d early
2021
11 d late
2020
27 d late
2019
39 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 3 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representative: Anthony LezyState Gazette act
  3. Liquidity doublescurrent ratio 3.68

Key points

  • Controlled by R.W.M. BV parent View
  • Positive: 5 profitable years in a rowprofit 2025: €62,658 5 years View
  • Turnover 20256 fiscal years filed €580,000 View

By topic

Financials

Fiscal year
2025
Turnover
€580,000
Profit
€62,658
Solvency
68.0%
Turnover=
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 05-08-2026Annual accounts filed
  2. 05-05-2026Permanent representative: Anthony Lezy
  3. 31-12-2025Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Activities of head officesNACE 70100
Founded
25-06-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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