Equity
-€2,538
Debts exceed assets in financial year 2025.
HORECA SOLUTION
Overview
Lifetime
1 annual account with figurespeak -€1,269 (2025)
-€1,269
lowest -€2,538 (2025)
-€2,538
peak -€2,538 (2025)
-€2,538
€2,737
Board1 name since 2024
1 directorBOUSSAIDI Mohammed
Documentsfilings and deeds
14-05-202614 days late
2025micro format
Loss of €2,538First year with figures
Key points
from the 2025 annual accountsStarting capital
€1,000 100 shares
Position in the sector
-1276.1%
Lower solvency than 95% of companies in repair and installation of machinery. Sector median 45.4% · 1,698 companies.
2025 accounts filed 14 days after the deadlineTurnover not published (micro format)
Checked score
46
Fair
Financially stronger than 2% of micro companies in repair and installation of machinery (NACE 33)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.9%lowest value
11-2025: 2.0%▲ +0.1 percentage points vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.5%▲ +0.5 percentage points vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.7%▲ +0.2 percentage points vs 02-2026
04-2026: 3.0%▲ +0.3 percentage points vs 03-2026
05-2026: 3.1%▲ +0.1 percentage points vs 04-2026
06-2026: 3.1%● unchanged vs 05-2026
07-2026: 3.1%● unchanged vs 06-2026
08-2026: 3.4%▲ +0.3 percentage points vs 07-2026
09-2026: 3.5%▲ +0.1 percentage points vs 08-2026
10-2026: 3.8%▲ +0.3 percentage points vs 09-2026highest value
11-2026: 3.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Liquidity: current ratio 0.07
Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
lowers risk
Size: total assets €199
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 33, micro). It does better than 3% of them on solvency, 0% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as HORECA SOLUTION has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HORECA SOLUTION itself: 3.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for HORECA SOLUTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · 2025 accounts filed 14 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-05-2026, 14 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
14 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1013395523
Incorporation
Founding capital of €1,000, 100 shares · Founder: BOUSSAIDI Mohammed · Appointment: BOUSSAIDI Mohammed (director) · published on 12-09-2024 · Gazette deed
First establishment
Adolphe Marbotinstraat 58, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HORECA SOLUTION Schaerbeek | €199 | -€1,269 | -1276.1% | - |
| ChargeAndGo Boom | €328 | -€975 | -1831.3% | - |
| Atomic 16 Antwerp | €179 | -€3,457 | -2274.3% | - |
| RECHARGE AUTOMATIVE SOLUTIONS Lanaken | €87 | -€815 | -1991.4% | - |
| Bulkmans Engineering Rumst | €1,543 | -€408 | 100.0% | - |
These companies have the same main activity as HORECA SOLUTION: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €87 and €1,540, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 10-09-2024Normal situation
- Activity
- Installation of industrial machinery and equipmentNACE 33200and 2 others
- Establishment unit
- 2.365.830.0971030 Schaerbeek, since 10-09-2024
- Financial year end
- 30 September
- Peppol
- Reachable since 29-03-2026
Insights on HORECA SOLUTION
The computed 12-month bankruptcy probability of HORECA SOLUTION is 3.8% (moderate). The 2025 annual accounts show negative equity (-€2,538) and a net result of -€2,538.
Its solvency ranks better than 5% of 1,698 sector peers (NACE 33, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 14-05-2026, 14 days late-€1,269
-€2,538
-€2,538
-€2,538
-
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €199 on 30-09-2025What the company ownsHow it is paid for
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
199 | |
29/58 |
199 | |
40/41 |
199 | |
41 |
199 | |
| Balance sheet: equity and liabilities | ||
10/49 |
199 | |
10/15 |
-2,538 | |
14 |
-2,538 | |
17/49 |
2,737 | |
42/48 |
2,737 | |
47/48 |
2,737 | |
| Income statement | ||
9900 |
-1,269 | |
60/61 |
1,269 | |
630 |
1,269 | |
9901 |
-2,538 | |
9903 |
-2,538 | |
9904 |
-2,538 | |
9905 |
-2,538 | |
| Appropriation of the result | ||
9906 |
-2,538 | |
| Document | ||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 14 days after the deadline. Filed on 14 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00111016.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 14-05-2026 | 2026-00111016 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -1,269 | ||
| -1,269 | ||
| 1,269 | ||
| -2,538 |
The ratios are withheld because a balance sheet total of €199 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 |
|---|---|
| Intangible fixed assets | €1,269 |
| €1,269 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on HORECA SOLUTION
Equity is negative. Debt (€2,737) exceeds the balance-sheet total (€199).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 12-09-2024
term without a fixed end
Mandates through the years
1 name, the dashed line is todayBOUSSAIDI Mohammed
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- BOUSSAIDI Mohammed
- Director (not named in the articles), appointed by deed of 12-09-2024, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- -€25.38 in 2025
- Source
- deed of 12-09-2024
Articles of association
deed of 12-09-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of March
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Société peut être dissoute en tout temps par décision assemblée générale délibérant formes prévues modifications statuts, Article 22”
Shareholders
At incorporation
deed of 12-09-2024 ↗
- BOUSSAIDI Mohammed 100 shares (100%) · €1,000 in cash
Network & group
No group
HORECA SOLUTION has no parent and no holdings in its annual accounts. BOUSSAIDI Mohammed is the only director. HORECA SOLUTION shares no director with another company.
At the same address
Adolphe Marbotinstraat 58, 1030 Schaerbeek · 2 other companies| MSA Textile
establishment since 01-10-2012 · founded in 2012 |
total assets €33,080 (2018) 0848.994.577 |
| Lamrini, Ayoub (sole trader)
establishment since 20-11-2025 |
founded in 2025 1030.491.871 |
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 14 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1013395523
2024
IncorporationFounding capital of €1,000, 100 shares · Founder: BOUSSAIDI Mohammed · Appointment: BOUSSAIDI Mohammed (director) · published on 12-09-20245 points ▸
- Founder, BOUSSAIDI Mohammed
- Founding capital, €1,000, 100 shares
- 100 shares
- Registered office clause, Rue Adolphe Marbotin 58, 1030 Schaerbeek
- Director appointment, BOUSSAIDI Mohammed (director (not named in the articles))
- The deed holds 3 more points.
First establishment Adolphe Marbotinstraat 58, Schaerbeek
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1013.395.523
- VAT number
- BE 1013.395.523
- Peppol ID
- 0208:1013395523
- Other Peppol ID
- 9925:BE1013395523
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 10-09-2024
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of Marchdeed of 12-09-2024 (in French)
- Peppol
- Reachable since 29-03-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- HORECA SOLUTION in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-09-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 12-09-2024 (in French)
Activities
NACEBEL 202533200
Installation of industrial machinery and equipment main activity
Codes under NACEBEL 2008
33200
Installation of industrial machinery and equipment main activity
27510
Manufacture of electrical equipment
28250
Manufacture of machinery and equipment not elsewhere classified
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes activités du secteur Horeca se rapportant directement ou indirectement à l’installation, l’exploitation et la gestion en matière…”deed of 12-09-2024 (in French)
20 activities
- Toutes activités du secteur Horeca se rapportant directement ou indirectement à l’installation, l’exploitation et la gestion en matière d’hôtellerie, friture, snack, pizzeria, salons de consommation et dégustation, taverne, bar, débits de boissons, café, bed & breakfast, chambres d’hôtes, service traiteur, boulangerie, pâtisserie artisanale ou autre, boucherie, restaurant, dancing et accueil au sens le plus large du terme
- L’exploitation de machines à sous et autres (bingo, etc.), de machines de divertissements, d’agence de pronostique de matchs, tiercé, loto, etc.
- L’organisation d’événements (banquets, musique, culture, son, vidéos, images, etc.)
- L’exploitation de toutes activités de librairie, de night shop, etc.
- Toutes activités d’agences de voyages, airbnb et d’hôtellerie au sens le plus large du terme
- Achat, vente, import, export, en gros et au détail, incluant le e-commerce, de tous produits, articles, marchandises, matériels et équipements, alimentaires et non alimentaires
- Installation, réparation et commerce de tout matériel frigorifique
- Installation, réparation et commerce de tout matériel Horeca
- Tous types de prestations de services, de création, vente, distribution d’outils, publications et méthodologie, en matière de management, consultance, conseil ou de formation aux personnes ou aux entreprises dans le domaine de la stratégie, du leadership, du développement personnel, du marketing, de la communication, de l’étude de marché, d’internet et des nouveaux médias, des ventes et de la gestion de projets
- La fourniture de services et conseils entre autres dans le domaine de l’administration, de l’organisation, de la gestion, du management, de la communication, de la vente et de l’implantation commerciale, de l’étude et de la formation, à des entreprises et sociétés, et ce dans le sens le plus large du mot
- Développer des réseaux de distribution et assurer la vente directe de produits et services liés directement ou indirectement aux alinéas précédents
- L’exercice de mission du management d’intérim aux entreprises, dans le sens le plus large, le «Facility Management», hébergement d’intérimaires, de sous-traitants (indépendants)
- L’entreprise générale de construction au sens le plus large du terme, maçonnerie, placement carrelage, plafonnage, cloisons, électricité, pavement, travaux de peinture, toitures, sanitaires, tous les travaux de bâtiments, de rénovation et de transformation ainsi que travaux de décoration intérieure et extérieure de bâtiments, jardins, travaux de démolition, travaux de parachèvement et placement d’échafaudages, etc.
- L’achat, la vente, l’import, l’export en gros et au détail de tous matériaux et de matériel nécessaires à la construction en général
- Toutes activités de plomberie et de chauffage central, incluant l'installation et le dépannage
- Toutes activités liées au domaine de l’électricité, au sens le plus large du terme, telles que achat, vente en gros et au détail, import, export, de matériaux électriques, installations, activités annexes et autres
- L’import, l’export et le placement des vitres et châssis et de panneaux solaires
- Le nettoyage, la désinfection et l’entretien de vitres, de bureaux, de locaux, d'appartements, de maisons, d’immeubles, d'espaces commerciaux, d'entreprises, d'espaces industriels et tous autres espaces et bâtiments
- L'entretien des outils de travail en tout genre
- Le nettoyage de pièces et produits en tout genre, et ceci de toutes façons possibles dont, entre autres, par sablage
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Adolphe Marbotinstraat 58 registered office 1030 Schaerbeek 27510 Manufacture of electrical equipment | 10-09-2024 | 2.365.830.097 |
Buildings and parcels at the address
- Ground area
- 154 m²
- Buildings
- 159 m²
- Volume, LiDAR
- 2,945 m³
- Tallest building
- 21.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21903B0002/00E000 | 153 m² | 1 · 159 m² | 21.2 m · 6 |