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Horde

Active
Private limited companyfounded 2021active for 5 yearsDublinstraat 29, 9000 Gent, BelgiumKBO/BCE: BE 0771.512.363
Summary

Horde has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,165 and a net result of €11,409. Equity has been growing by about 26% per year since 2022. Its solvency ranks better than 61% of 2,480 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 16-07-2021 Normal situation
Registered office
11 active companies are registered at this address Source: KBO register, as of 3 November 2026.
Activity
Performing arts by independent artists NACE 90201
Establishment unit
2.320.514.667 9000 Gent, since 16-07-2021
Financial year end
30 September
Peppol
Reachable since 26-10-2025

Board and ownership

Board
  • Mannaerts StefanieDirector · since 15-07-2021
  • Vanhoegaerden StijnDirector · since 15-07-2021
  • More FuzzDirector · since 01-07-2023 · permanent representative Peter Mulders

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-09-2025
Gross margin
€40,307
▼ 25.3%
Turnover
≈ €120,000
estimated
Profit
€11,409
▼ 70.3%
Equity
€95,165
▼ 40.1%
Total assets
€154,181
▼ 51.8%
Score breakdownlowers riskLiquidity: current ratio 2.55, cash €103,116, halvedSector: Arts creation and performing arts activities (NACE 90)Size: total assets €154,181Equity €95,165 (61.7% of total assets)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 45% of micro companies in creative and performing arts (NACE 90)
Financial strength · tick: 2024
Strong
Solvency 87+12
equity 61.7% of total assets
Liquidity 82+7
short-term debt 38.3% · cash 66.9%
Profitability 47-37
return on assets 7.4%
Bankruptcy probability within 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% (3,429 companies, NACE 90, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024highest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.55 (1.96 in 2024), above the usual 1.5. Short-term debt is 38.3% and cash 66.9% of total assets. 38.3% of the assets are financed with debt and provisions.
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 90, micro). It does better than 63% of them on solvency, 71% on liquidity, 31% on profitability and 15% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.55, cash €103,116, halved
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
lowers risk · Size: total assets €154,181
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €95,165 (61.7% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 06-02-2026, 83 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
83 days early
2024
104 days early
2023
1 day early
2022
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 55 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 5 March (3 of the last 4 accounts filed within 48 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Equity fell in 2025from €158,756 to €95,165 ▼ 40.1% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed 1 director appointed, 1 director resigningResignation: Peter Mulders (director) · Appointment: More Fuzz (director) · Permanent representative: Peter Mulders
  2. · Gazette deed Incorporation
All 10 events

Comparable companies

These companies have the same main activity as Horde: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €135,000 and €182,000, founded between 2019 and 2023.

CompanyTotal assetsGross margin
Horde Gent€154,181€40,307
MusiCoLe Ninove€139,012€47,670
DoediesZot Lokeren€157,735€79,701
LaserShowRental Oudsbergen€181,631€45,059
Jonas Vermeulen Antwerpen€163,177€32,038
Purple Robin Sint-Truiden€135,015€62,274
MOONS MELLOR Vorst€135,095€44,108
Full comparison

Key facts about Horde

What is the company number of Horde?
The company number of Horde is 0771.512.363. The VAT number is the same number with BE in front: BE 0771.512.363.
Where is Horde based?
The registered office is at Dublinstraat 29, 9000 Gent.Company details
What does Horde do?
According to the KBO register, the main activity is performing arts by independent artists (NACE 90201).
What is the legal form of Horde?
The legal form of Horde is Private limited company (BV).
When was Horde founded?
Horde was founded on 16-07-2021.
Is Horde still active?
Yes, Horde is an active enterprise in the KBO register.
What is the turnover of Horde?
The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €40,307 and 35 comparable companies (NACE 90). It probably lies between €67,000 and €180,000.Financials
Is Horde profitable?
In financial year 2025, Horde made a profit of €11,409.
Where can I find the annual accounts of Horde?
Horde filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Horde due?
Horde must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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