Financials
- Fiscal year
- 2024
- Total assets
- €24,003
- Profit
- €144
- Solvency
- -57.2%
Total assets▲ 8.6%
Net result
20182024
HORECADECO
ActiveSummary
HORECADECO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€13,726) and a net result of €144. Equity is shrinking by ~49.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Manufacture of rubber and plastic products
NACE 22120NACE 22190
1 site
Size
€24,003total assets 2024
- Equity
- -€13,726
- Profit
- €144
Turnover not published (abridged schema)
Structure
Accounts 42 d early0 of 1 deed read
Why 53Capped at 59: negative equity- Figures for FY 2024 (filed 03-09-2025)- Negative equity -€13,726+ Founded in 2002+ Size: total assets €24,003Show the evidence
Checked score
Score 2024
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 21% of its sector peers (NACE 22, 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 -57.2% of total assets
Liquidity
13+9
short-term debt 157.2% · cash 10.1%
Profitability
39+31
return on assets 0.6%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 14 months
09-2025: 2.2%highest value
10-2025: 0.7%▼ -70.2% vs 09-2025
11-2025: 0.7%● 0.0% vs 10-2025
12-2025: 0.7%● 0.0% vs 11-2025
01-2026: 0.7%▼ -1.1% vs 12-2025
02-2026: 0.7%● 0.0% vs 01-2026
03-2026: 0.7%▲ +3.5% vs 02-2026
04-2026: 0.7%▲ +1.2% vs 03-2026
05-2026: 0.7%▼ -1.9% vs 04-2026
06-2026: 0.7%▼ -0.6% vs 05-2026
07-2026: 0.6%▼ -8.2% vs 06-2026lowest value
08-2026: 1.0%▲ +57.7% vs 07-2026
09-2026: 1.1%▲ +15.1% vs 08-2026
10-2026: 1.3%▲ +20.5% vs 09-2026
- Figures for FY 2024 (filed 03-09-2025) raises the probability
- Founded in 2002 lowers the probability for this profile
- Size: total assets €24,003 lowers the probability for this profile
- Negative equity -€13,726 raises the probability
No credit on open account
Liquidity short (current ratio 0.64 against 0.61 in 2023; short-term debt: 157.2% and cash: 10.1% of total assets), 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 22, micro). Better than this share of them on solvency 5%, liquidity 11%, profitability 28%, growth against the median 41%. 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.
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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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
29 d late
2023
23 d late
2021
115 d late
2020
27 d late
2019
46 d late
2018
54 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 36 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 34% 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 27 August (4 of the last 5 filed years within 69 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…
- Back to profitnet €144
Key points
By topic
Timeline
- Events
- 13
- Since
- 2016
- Next accounts
- by 31-07-2027
- 19-06-2026Annual accounts filed
- 29-08-2025Annual accounts filed
- 31-12-2024Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Manufacture of rubber and plastic productsNACE 22120
- Founded
- 23-12-2002
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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