Horeca Partners
ActiveHoreca Partners has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €34k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +48 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency97▼-3
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.8 in 2024), and 44.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
55.6%
Return on assets
17.1%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
1 d early
2022
3 d early
2021
2 d early
2020
31 d late
2019
70 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€110k▲ 3.6%
2024 · €106k
2018: €59k
2019: €49k
2020: €62k
2021: €69k
2022: €108k
2023: €144k
2024: €106k
2018 → 2025
Total assets
€198k▲ 22.2%
2024 · €162k
2018: €238k
2019: €156k
2020: €128k
2021: €188k
2022: €173k
2023: €191k
2024: €162k
2018 → 2025
Net result
€34k
2024 · €-37k
2018: €-18k
2019: €-10k
2020: €13k
2021: €7k
2022: €40k
2023: €55k
2024: €-37k
2018 → 2025
Working capital
€105k▲ 5.4%
2024 · €100k
2018: €13k
2019: €36k
2020: €55k
2021: €67k
2022: €108k
2023: €143k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€108k▲ 57.9%€144k▲ 32.5%€106k▼ 26.1%€110k▲ 3.6%
Operating result€7k-€60k▲ 741%€68k▲ 13.5%€-38k€34k
Net result€7k-€40k▲ 480%€55k▲ 38.9%€-37k€34k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €34k after a loss of €38k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€5k▼ 27.3%
Current assets
€193k▲ 24.2%
Equity and liabilities €198k
Equity
€110k▲ 3.6%
Debt
€88k▲ 57.7%
The debt ratio rises from 34.4% to 44.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€35k▲
2024 · €-37k
Cash flow
€35k▲
2024 · €-37k
Solvency
55.6%▼
2024 · 65.6%
Current ratio
2.20▼
2024 · 2.80
Quick ratio
2.20▼
2024 · 2.80
Debt / equity
0.80▲
2024 · 0.52
ROE
30.7%▲
2024 · -35.3%
ROA
17.1%▲
2024 · -23.1%
Interest coverage
164.61▲
2024 · -113.15
Debt
€88k▲
2024 · €56k
Debt ≤ 1 year
€88k▲
2024 · €56k
Staff costs
€61k▲
2024 · €57k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€162k€198k▲
Fixed assets21/28€6k€5k▼
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€117€29▼
Furniture and vehicles24€117€29▼
Current assets29/58€155k€193k▲
Amounts receivable within one year40/41€73k€78k▲
Trade receivables40€63k€76k▲
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€62k€111k▲
Deferred charges and accrued income490/1€21k€4k▼
Equity and liabilities
Total equity and liabilities10/49€162k€198k▲
Equity10/15€106k€110k▲
Contributions10/11€19k€19k=
Reserves13€88k€88k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14-€4k
Amounts payable17/49€56k€88k▲
Amounts payable within one year42/48€56k€88k▲
Trade debts44€44k€40k▼
Suppliers440/4€44k€40k▼
Taxes, remuneration and social security45€10k€16k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€2k€32k▲
Accrued charges and deferred income492/3€170€32▼
Income statement
Code20242025
Remuneration, social security and pensions62€57k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€496€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€3k▲
Other operating charges640/8€6k€2k▼
Gross operating margin9900€28k€101k▲
Operating profit (loss)9901€-38k€34k▲
Financial income75/76B€729€239▼
Recurring financial income75€729€239▼
Financial charges65/66B€330€216▼
Recurring financial charges65€330€216▼
Profit (loss) for the period before taxes9903€-37k€34k▲
Profit (loss) for the period9904€-37k€34k▲
Profit (loss) for the period to be appropriated9905€-37k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€34k▲
Transfer from equity791/2€37k-
Profit to be distributed694/7-€30k
Directors or managers695-€30k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-37k ▼168%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €55k ▲38.9%
Operating result €68k, net result €55k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €108k ▲57.9%
3 profitable years in a row build equity to €108k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Antwerpen · 1 establishment unit since 2004
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.
Desguinlei 1842018 AntwerpenGround area
106 m²
Building footprint
92 m²
Volume, LiDAR
1,122 m³
Parcel 11810K2171/00E002, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Horeca Partners
since 20042.145.054.238
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2171/00E002 | Flanders | 106 m² | 1 · 92 m² | 16.2 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,873 EUR awarded · 2,873 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,073 EUR | 1,073 EUR |
| 2024 | 1 | 900 EUR | 900 EUR |
| 2023 | 1 | 900 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 40,607 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2004
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
74501
68310Real estate agency activities
68311Real estate activities
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.