HORBO

Active

Private limited companyfounded 1998active for 28 yearsMolenstraat 214, 2840 Rumst, BelgiumKBO/BCE: BE 0462.650.903

Summary

The computed 12-month bankruptcy probability of HORBO is 3.3% (moderate). The 2024 annual accounts show negative equity (-€76,578) and a net result of -€31,316. Equity is shrinking by about 37% per year across the filed financial years. Its solvency ranks better than 7% of 25,566 sector peers (NACE 47, financial year 2024). The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

HORBOActiveChecked score 48/100

Risk analysis Report Compare

Activity

Retail sale of cars and light vans (up to 3.5 tonnes)

NACE 47811Retail sale of automotive fuel NACE 47300

1 site

Size

≈ €390,000turnover 2024, estimated

Staff: 2.1 FTE
Equity: -€76,578
Loss: -€31,316

Turnover estimated from the gross margin

Financial health

48 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 3.3%

Structure

HORVÁTH GàborDirector

2025 accounts not filed, 91 days past the deadline2 of 3 deeds summarised

Why 48raises riskLoss of €31,316, the second in a row (financial year 2024)1 financial year not filed after the legal deadline; last filed accounts filed 116 days late; 1 of the last 3 lateNegative equity -€76,578lowers riskFounded in 1998Show the evidence

Checked score

Score 2024

48 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 12% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 0=

equity -144.8% of total assets

Liquidity 30+28

short-term debt 244.8% · cash 23.8%

Profitability 0-5

return on assets -59.2%

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,268 companies, NACE 47, micro)

Last 24 months 11-2024: 4.2% 12-2024: 4.2%● unchanged vs 11-2024 01-2025: 4.2%● unchanged vs 12-2024 02-2025: 4.2%● unchanged vs 01-2025 03-2025: 4.1%▼ -0.1 percentage points vs 02-2025 04-2025: 4.3%▲ +0.2 percentage points vs 03-2025 05-2025: 4.5%▲ +0.2 percentage points vs 04-2025 06-2025: 4.4%▼ -0.1 percentage points vs 05-2025 07-2025: 4.6%▲ +0.2 percentage points vs 06-2025 08-2025: 5.0%▲ +0.4 percentage points vs 07-2025 09-2025: 5.3%▲ +0.3 percentage points vs 08-2025 10-2025: 6.1%▲ +0.8 percentage points vs 09-2025 11-2025: 6.3%▲ +0.2 percentage points vs 10-2025highest value 12-2025: 5.1%▼ -1.2 percentage points vs 11-2025 01-2026: 5.1%● unchanged vs 12-2025 02-2026: 5.1%● unchanged vs 01-2026 03-2026: 4.9%▼ -0.2 percentage points vs 02-2026 04-2026: 4.8%▼ -0.1 percentage points vs 03-2026 05-2026: 4.9%▲ +0.1 percentage points vs 04-2026 06-2026: 4.7%▼ -0.2 percentage points vs 05-2026 07-2026: 5.0%▲ +0.3 percentage points vs 06-2026 08-2026: 5.5%▲ +0.5 percentage points vs 07-2026 09-2026: 3.1%▼ -2.4 percentage points vs 08-2026lowest value 10-2026: 3.3%▲ +0.2 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.36, compared with 0.53 in 2023, below 1; short-term debt: 244.8% and cash: 23.8% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 6% on solvency, 27% on liquidity, 6% on profitability and 8% on growth.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Founded in 1998

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Loss of €31,316, the second in a row (financial year 2024)

NBB · annual accounts

1 financial year not filed after the legal deadline; last filed accounts filed 116 days late; 1 of the last 3 late

NBB · filings

Negative equity -€76,578

NBB · annual accounts

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€76,578

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 91 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline30-10-2026 today

2024 accounts filed 116 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-11-2025, 116 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

116 days late

2023

7 days early

2022

6 days early

2021

89 days late

2020

2 days early

2019

90 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 47 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

24-11-2025 Annual accounts filedfinancial year 2024 · micro…
06-08-2024 Registered officeRegistered-office move
24-07-2024 Annual accounts filedfinancial year 2023 · micro…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€76,578 View
Risk: 2025 accounts not fileddeadline was 31-07-2026 91 days past the deadline View
Caution: Among the weakest 7% on equitysector median €39,273 · 25,623 companies -€76,578 View
Caution: 2 loss-making years in a rowloss financial year 2024 -€31,316 View

By topic

Financials

Financial year: 2024
Total assets: €52,869
Loss: -€31,316
Solvency: -144.8%

Total assets▼ 21.8%

Net result

20182024

Go to Financials

Board & ownership

Board: 1 member

HORVÁTH GàborDirector

Go to Board & ownership

Timeline

Events: 32
Since: 1999

08-02-2024Reappointment: HORVÁTH Gàbor (director)
25-07-2023Annual accounts filed
31-12-2022Back to profit

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Retail sale of cars and light vans (up…NACE 47811
Founded: 20-02-1998
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 18

Who signs: Each director alone
Annual meeting: Last Friday of June at 18:00
Purpose: “De kleinhandel in schoenen, textiel, speelgoed en juwelen; Een koerierdienst voor alle…” (deed in Dutch)

Go to Articles of association

Key facts about HORBO

What is the company number of HORBO?: 0462.650.903. In Belgium the VAT number is the company number with BE in front: BE 0462.650.903.
Where is HORBO based?: The registered office is at Molenstraat 214, 2840 Rumst.Company details
What does HORBO do?: According to the KBO register, the main activity is retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811).
What is the legal form of HORBO?: Private limited company (BV).
When was HORBO founded?: On 20-02-1998.
Is HORBO still active?: Yes, HORBO is an active enterprise in the KBO register.
How many employees does HORBO have?: On average 2.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of HORBO?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is HORBO profitable?: In financial year 2024, HORBO made a loss of €31,316.
Where can I find the annual accounts of HORBO?: HORBO filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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Overview