Financials
- Fiscal year
- 2024
- Total assets
- €3,004
- Loss
- -€14,414
- Solvency
- -1708.3%
Total assets▲ 28.2%
Net result
20182024
HORECA NETWORK
ActiveSummary
HORECA NETWORK has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€51,324) and a net result of -€14,414. Equity is shrinking by ~29.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€3,004total assets 2024
- Equity
- -€51,324
- Loss
- -€14,414
Turnover not published (abridged schema)
Who decides
Accounts 34 d early0 of 1 deed read
Why 53Capped at 59: negative equity- Loss of €14,414, the second in a row (FY 2024)- Negative equity -€51,324+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: total assets €3,004Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 9% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency
0=
equity -1708.3% of total assets
Liquidity
35+4
short-term debt 1808.3% · cash 28.2%
Profitability
0=
return on assets -479.8%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
- Size: total assets €3,004 lowers the probability for this profile
- Loss of €14,414, the second in a row (FY 2024) raises the probability
- Negative equity -€51,324 raises the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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 3%, liquidity 16%, profitability 4%, growth against the median 15%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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.
Credit check for your own amount and term
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 27-06-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
36 d early
2023
33 d early
2022
29 d late
2021
23 d late
2020
31 d early
2019
25 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 before 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 29 June (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 27-06-2026Annual accounts filed
- 25-06-2025Annual accounts filed
- 28-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 13-03-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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