HORBO
ActiveHORBO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-77k) and a net result of €-31k. Equity is shrinking by ~37.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+12
Solvency33▼-1
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.53 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-144.8%
Return on assets
-59.2%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€77k
raises risk · Filed more than 90 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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
116 d late
2023
7 d early
2022
6 d early
2021
89 d late
2020
2 d early
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-77k▼ 69.2%
2023 · €-45k
2018: €17k
2019: €5k
2020: €41k
2021: €-38k
2022: €-37k
2023: €-45k
2018 → 2024
Total assets
€53k▼ 21.8%
2023 · €68k
2018: €90k
2019: €292k
2020: €130k
2021: €112k
2022: €61k
2023: €68k
2018 → 2024
Net result
€-31k▼ 291%
2023 · €-8k
2018: €-29k
2019: €-12k
2020: €36k
2021: €-78k
2022: €345
2023: €-8k
2018 → 2024
Working capital
€-83k▼ 57.5%
2023 · €-53k
2018: €17k
2019: €8k
2020: €59k
2021: €-30k
2022: €-40k
2023: €-53k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€-38k€-37k▲ 0.9%€-45k▼ 21.5%€-77k▼ 69.2%
Operating result€38k-€-69k€32k€-2k€-24k▼ 1,398%
Net result€36k-€-78k€345€-8k€-31k▼ 291%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2024 against €2k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets
€7k▼ 11.4%
Current assets
€46k▼ 23.2%
Key figures and ratios
EBITDA
€-22k▼
2023 · €517
Cash flow
€-30k▼
2023 · €-6k
Solvency
-144.8%▼
2023 · -66.9%
Current ratio
0.36▼
2023 · 0.53
Quick ratio
0.14▲
2023 · 0.09
Debt / equity
-1.69▲
2023 · -2.49
ROE
40.9%▲
2023 · 17.7%
ROA
-59.2%▼
2023 · -11.8%
Interest coverage
-2.76▼
2023 · 0.08
Debt
€129k▲
2023 · €113k
Debt ≤ 1 year
€129k▲
2023 · €113k
Staff costs
€70k▼
2023 · €111k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€68k€53k▼
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€333€758▲
Furniture and vehicles24€3k€1k▼
Financial fixed assets28€5k€5k=
Current assets29/58€60k€46k▼
Stocks and contracts in progress3€50k€28k▼
Stocks30/36€50k€28k▼
Amounts receivable within one year40/41€8k€5k▼
Trade receivables40€8k€500▼
Other amounts receivable41-€5k
Cash at bank and in hand54/58€1k€13k▲
Deferred charges and accrued income490/1€717€462▼
Equity and liabilities
Total equity and liabilities10/49€68k€53k▼
Equity10/15€-45k€-77k▼
Contributions10/11€15k€15k=
Reserves13€12k€12k=
Distributable reserves133€12k€12k=
Profit (loss) carried forward14€-72k€-103k▼
Amounts payable17/49€113k€129k▲
Amounts payable within one year42/48€113k€129k▲
Current portion of amounts payable after more than one year42€2k-
Financial debts43€24k€16k▼
Credit institutions430/8€24k€16k▼
Trade debts44€21k€99k▲
Suppliers440/4€21k€99k▲
Taxes, remuneration and social security45€46k€14k▼
Taxes450/3€20k€7k▼
Remuneration and social security454/9€26k€7k▼
Other amounts payable47/48€21k-
Income statement
Code20232024
Remuneration, social security and pensions62€111k€70k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€116k€51k▼
Operating profit (loss)9901€-2k€-24k▼
Financial income75/76B€442€498▲
Recurring financial income75€442€498▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€-8k€-31k▼
Profit (loss) for the period9904€-8k€-31k▼
Profit (loss) for the period to be appropriated9905€-8k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-72k€-103k▼
Profit (loss) brought forward from the previous period14P€-64k€-72k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 116 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €345
Net result €345 after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 89 days late
2021
31-12
Financial
Weakest financial yearnet €-78k ▼318%
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Rumst · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenstraat 2142840 RumstGround area
302 m²
Building footprint
221 m²
Volume, LiDAR
815 m³
Parcel 11036A0253/00N000, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Molenstraat 214, 2840 Rumst
since 20192.284.415.227
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036A0253/00N000 | Flanders | 302 m² | 1 · 221 m² | 11.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ECOURT-CIRCUIT
BE 0550.495.289
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S.R.S.
BE 0597.697.271
Schoten · Eq €41k
YEG Invest
BE 0663.901.256
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ASIG26
BE 1013.712.455
Etterbeek · Eq €42k
HAVET-CORMAN
BE 0892.785.921
Welkenraedt · Eq €42k
Of 1,262 companies in sector 47300 we hold annual accounts for 946. 676 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-1998
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47300Retail sale of automotive fuel
50103
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.