HORCKMANS
ActiveSummary
HORCKMANS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €425,514 and a net result of €36,793. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 58% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-1
Solvency77▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.96 in 2024; short-term debt: 48.1% and cash: 47.5% of total assets), and 48.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51.9%
Return on assets
4.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
6 d early
2023
7 d late
2022
28 d late
2021
29 d late
2020
27 d late
2019
26 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 15 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 8 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€425,514▲ 9.5%
2024 · €388,722
Total assets
€819,850▲ 3.3%
2024 · €793,944
Net result
€36,793▼ 10.3%
2024 · €41,004
Working capital
€425,385▲ 9.5%
2024 · €388,402
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€56,721▲ 32.0%€48,074▼ 15.2%€63,671▲ 32.4%€56,931▼ 10.6%€52,381▼ 8.0%
Net result€34,648above the sector's middle half▲ 22.6%€36,474above the sector's middle half▲ 5.3%€45,593above the sector's middle half▲ 25.0%€41,004above the sector's middle half▼ 10.1%€36,793within the sector's middle half▼ 10.3%
Equity€265,876above the sector's middle half▲ 15.0%€302,230above the sector's middle half▲ 13.7%€347,718above the sector's middle half▲ 15.1%€388,722above the sector's middle half▲ 11.8%€425,514within the sector's middle half▲ 9.5%
Total assets€681,400above the sector's middle half▲ 5.4%€706,963above the sector's middle half▲ 3.8%€761,432above the sector's middle half▲ 7.7%€793,944above the sector's middle half▲ 4.3%€819,850within the sector's middle half▲ 3.3%
Debt€415,524=€404,734▼ 2.6%€413,714▲ 2.2%€405,222▼ 2.1%€394,335▼ 2.7%
Working capital€299,060above the sector's middle half▲ 13.6%€302,182above the sector's middle half▲ 1.0%€346,992above the sector's middle half▲ 14.8%€388,402above the sector's middle half▲ 11.9%€425,385within the sector's middle half▲ 9.5%
Solvency39.0%within the sector's middle half▲ 3.3pp42.8%within the sector's middle half▲ 3.7pp45.7%within the sector's middle half▲ 2.9pp49.0%within the sector's middle half▲ 3.3pp51.9%within the sector's middle half▲ 2.9pp
Current ratio1.78within the sector's middle half▲ 0.091.75within the sector's middle half▼ 0.041.84within the sector's middle half▲ 0.091.96within the sector's middle half▲ 0.122.08within the sector's middle half▲ 0.12
Return on assets (ROA)5.1%within the sector's middle half▲ 0.7pp5.2%within the sector's middle half▲ 0.1pp6.0%within the sector's middle half▲ 0.8pp5.2%within the sector's middle half▼ 0.8pp4.5%within the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €819,850
Fixed assets
€129 ▼ 80.0%
Current assets
€819,721 ▲ 3.3%
Equity and liabilities €819,850
Equity
€425,514 ▲ 9.5%
Debt
€394,335 ▼ 2.7%
Debt's share of the balance-sheet total falls from 51.0% to 48.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,897▼
2024 · €57,447
Cash flow
€37,309▼
2024 · €41,520
Quick ratio
2.00▲
2024 · 1.87
Debt to equity
0.93▼
2024 · 1.04
ROE
8.6%▼
2024 · 10.5%
Interest coverage
281.97▲
2024 · 105.73
Debt ≤ 1 year
€394,335▼
2024 · €404,897
Income taxes
€20,431▲
2024 · €19,340
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €849 | €849 | €434 | €516 | €516 | = |
| Other operating charges640/8 | €5,040 | €5,151 | €5,598 | €5,618 | €6,100 | ▲ 8.6% |
| Gross operating margin9900 | €62,610 | €54,073 | €69,704 | €63,066 | €58,997 | ▼ 6.5% |
| Operating profit (loss)9901 | €56,721 | €48,074 | €63,671 | €56,931 | €52,381 | ▼ 8.0% |
| Financial income75/76B | €3,123 | €3,407 | €3,875 | €3,956 | €5,030 | ▲ 27.2% |
| Recurring financial income75 | €3,123 | €3,407 | €3,875 | €3,956 | €5,030 | ▲ 27.2% |
| Financial charges65/66B | €3,519 | €1,394 | €123 | €543 | €188 | ▼ 65.5% |
| Recurring financial charges65 | €3,519 | €1,394 | €123 | €543 | €188 | ▼ 65.5% |
| Profit (loss) for the period before taxes9903 | €56,325 | €50,087 | €67,423 | €60,344 | €57,224 | ▼ 5.2% |
| Income taxes67/77 | €21,677 | €13,613 | €21,830 | €19,340 | €20,431 | ▲ 5.6% |
| Profit (loss) for the period9904 | €34,648 | €36,474 | €45,593 | €41,004 | €36,793 | ▼ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €34,648 | €36,474 | €45,593 | €41,004 | €36,793 | ▼ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €681,400 | €706,963 | €761,432 | €793,944 | €819,850 | ▲ 3.3% |
| Fixed assets21/28 | €896 | €47 | €1,161 | €645 | €129 | ▼ 80.0% |
| Tangible fixed assets22/27 | €896 | €47 | €1,161 | €645 | €129 | ▼ 80.0% |
| Land and buildings22 | €896 | €47 | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | €1,161 | €645 | €129 | ▼ 80.0% |
| Current assets29/58 | €680,505 | €706,916 | €760,271 | €793,299 | €819,721 | ▲ 3.3% |
| Stocks and contracts in progress3 | €27,419 | €32,863 | €33,068 | €35,885 | €31,957 | ▼ 10.9% |
| Stocks30/36 | €27,419 | €32,863 | €33,068 | €35,885 | €31,957 | ▼ 10.9% |
| Amounts receivable within one year40/41 | €313,805 | €339,268 | €353,281 | €334,298 | €335,637 | ▲ 0.4% |
| Trade receivables40 | €55,074 | €65,128 | €78,108 | €58,084 | €57,103 | ▼ 1.7% |
| Other amounts receivable41 | €258,730 | €274,140 | €275,173 | €276,215 | €278,534 | ▲ 0.8% |
| Current investments50/53 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Cash at bank and in hand54/58 | €276,587 | €272,091 | €311,228 | €360,421 | €389,433 | ▲ 8.0% |
| Deferred charges and accrued income490/1 | €194 | €194 | €194 | €194 | €194 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €681,400 | €706,963 | €761,432 | €793,944 | €819,850 | ▲ 3.3% |
| Equity10/15 | €265,876 | €302,230 | €347,718 | €388,722 | €425,514 | ▲ 9.5% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Capital10 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Issued capital100 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €215,876 | €252,230 | €297,718 | €338,722 | €375,514 | ▲ 10.9% |
| Non-distributable reserves130/1 | €550 | €550 | €550 | €550 | €550 | = |
| Legal reserve130 | €550 | €550 | €550 | €550 | €550 | = |
| Distributable reserves133 | €215,326 | €251,680 | €297,168 | €338,172 | €374,964 | ▲ 10.9% |
| Amounts payable17/49 | €415,524 | €404,734 | €413,714 | €405,222 | €394,335 | ▼ 2.7% |
| Amounts payable after more than one year17 | €32,414 | - | - | - | - | - |
| Financial debts170/4 | €32,414 | - | - | - | - | - |
| Amounts payable within one year42/48 | €381,444 | €404,734 | €413,279 | €404,897 | €394,335 | ▼ 2.6% |
| Trade debts44 | €352,519 | €368,920 | €370,648 | €376,505 | €371,859 | ▼ 1.2% |
| Suppliers440/4 | €352,519 | €368,920 | €370,648 | €376,505 | €371,859 | ▼ 1.2% |
| Taxes, remuneration and social security45 | €23,925 | €30,813 | €37,632 | €28,392 | €22,476 | ▼ 20.8% |
| Taxes450/3 | €8,238 | €5,243 | €11,164 | €11,859 | €2,426 | ▼ 79.5% |
| Remuneration and social security454/9 | €15,687 | €25,570 | €26,467 | €16,533 | €20,050 | ▲ 21.3% |
| Other amounts payable47/48 | €5,000 | €5,000 | €5,000 | - | - | - |
| Accrued charges and deferred income492/3 | €1,666 | - | €435 | €325 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,648 | €36,474 | €45,593 | €41,004 | €36,793 | ▼ 10.3% |
| + Depreciation and write-downs630 | €849 | €849 | €434 | €516 | €516 | = |
| Operating cash flow (approximation) | €35,497 | €37,322 | €46,027 | €41,520 | €37,309 | ▼ 10.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,548 | €0 | €0 | - |
| Change in cash | - | -€4,496 | €39,137 | €49,194 | €29,011 | ▼ 41.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Highest result since 2018net €45,593 ▲25%
Operating result €63,671, net result €45,593, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €27,300 ▼6.2%
Net result drops to €27,300, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €202,973 ▲15.5%
2 profitable years in a row build equity to €202,973.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2001
Ground area
4,483 m²
Building footprint
1,988 m²
Volume, LiDAR
14,631 m³
2 parcels, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AUTOTEC
since 20012.100.300.022
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402H0075/00S000 | Flanders | 3,036 m² | 1 · 1,456 m² | 8.6 m · 3 fl. |
| 12402H0075/00X000 | Flanders | 1,447 m² | 1 · 531 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2024 · 1 entry · 375 EUR awarded · 375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 375 EUR | 375 EUR |
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Of 1,228 companies in sector 46851 we hold annual accounts for 528. 342 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-2001
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474551318
Also
9925:BE0474551318
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.