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HORECABORQ

Active
Private limited company (pre-2019)founded 200322 yrs activePlace de l' Abbaye 8, 6870 Saint-Hubert, BelgiumKBO/BCE: BE 0862.367.315
Summary

HORECABORQ has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,647 and a net result of €15,415. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 16707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
HORECABORQActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€87,455total assets 2025
Equity
€84,647
Profit
€15,415
Turnover not published (abridged schema)
Financial health
98 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Accounts filed 26 d late
Why 98- Size: total assets €87,455+ Liquidity: current ratio 21.25, cash €47,074+ Equity €84,647 (96.8% of total assets)+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 88% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 96.8% of total assets
Liquidity 100+1
short-term debt 3.2% · cash 53.8%
Profitability 91+23
return on assets 17.6%
Bankruptcy probability, 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 0.2% (26,417 companies)
Last 24 months 11-2024: 0.2%highest value 12-2024: 0.2%● 0.0% vs 11-2024highest value 01-2025: 0.2%▼ -0.6% vs 12-2024 02-2025: 0.2%▼ -2.5% vs 01-2025 03-2025: 0.2%▼ -0.6% vs 02-2025 04-2025: 0.2%▼ -2.0% vs 03-2025 05-2025: 0.1%▼ -4.0% vs 04-2025 06-2025: 0.1%▼ -1.4% vs 05-2025 07-2025: < 0.1%▼ -72.5% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%▲ +5.1% vs 04-2026 06-2026: < 0.1%▼ -2.4% vs 05-2026 07-2026: < 0.1%▲ +7.5% vs 06-2026 08-2026: 0.1%▲ +72.1% vs 07-2026 09-2026: < 0.1%▼ -48.6% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 21.25, cash €47,074 lowers the probability
  • Equity €84,647 (96.8% of total assets) lowers the probability
  • Size: total assets €87,455 raises the probability for this profile
  • Sector Real estate activities (NACE 68) lowers the probability
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 21.25 against 5.0 in 2024; short-term debt: 3.2% and cash: 53.8% of total assets), and 3.2% of the assets are financed with debt.
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 68, micro). Better than this share of them on solvency 91%, liquidity 98%, profitability 86%, growth against the median 77%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 21.25, cash €47,074
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €84,647 (96.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: total assets €87,455
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €84,647
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
26 d late
2024
43 d early
2023
14 d early
2022
61 d early
2021
31 d late
2020
50 d early
2019
55 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 7 days before the deadline, and 36% 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 18 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €15,415
  3. Liquidity quadruplescurrent ratio 21.25

Key points

  • Positive: Among the best 5% on solvencysector median 29.4% · 16,707 companies 96.8% View
  • Total assets 20256 fiscal years filed €87,455 View
  • Active since 2003founded 23-12-2003 22 years View

By topic

Financials

Fiscal year
2025
Total assets
€87,455
Profit
€15,415
Solvency
96.8%
Total assets▲ 11.0%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 26-08-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 31-12-2025Liquidity quadruples
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
23-12-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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