Financials
- Fiscal year
- 2024
- Total assets
- €347,713
- Loss
- -€72,316
- Solvency
- 3.0%
Total assets▼ 27.1%
Net result
20192024
HORECAMAT
ActiveSummary
The computed 12-month bankruptcy probability of HORECAMAT is 12.4% (high). The annual accounts of HORECAMAT for fiscal year 2024 show a net loss of 88% of the equity at the start of that year. The 2024 annual accounts show equity of €10,285 and a net result of -€72,316. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 15861 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Agents in the wholesale of furniture, household goods and hardware
NACE 46150Rental and leasing activities NACE 77223NACE 77293
1 site
How big
€347,713total assets 2024
- Staff
- 0.8 FTE
- Equity
- €10,285
- Loss
- -€72,316
Turnover not published (abridged schema)
Who decides
Accounts 63 d overdue0 of 3 deeds read
Why 28- Figures for FY 2024 (filed 24-09-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 54 days late; 2 of the last 3 late- Liquidity: current ratio 0.14, cash €248Show the evidence
Checked score
Score 2024
28
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 15% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
28-14
equity 3.0% of total assets
Liquidity
32-5
short-term debt 39.0% · cash 0.1%
Profitability
0-78
return on assets -20.8%
Bankruptcy probability, 12 months
12.4%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.5%
12-2024: 2.5%● 0.0% vs 11-2024
01-2025: 2.5%● 0.0% vs 12-2024
02-2025: 2.5%▲ +0.7% vs 01-2025
03-2025: 2.3%▼ -9.2% vs 02-2025
04-2025: 2.2%▼ -4.2% vs 03-2025
05-2025: 2.2%▼ -0.7% vs 04-2025
06-2025: 2.1%▼ -3.6% vs 05-2025lowest value
07-2025: 2.1%▲ +0.7% vs 06-2025
08-2025: 4.8%▲ +131% vs 07-2025
09-2025: 5.4%▲ +12.2% vs 08-2025
10-2025: 6.9%▲ +26.8% vs 09-2025
11-2025: 6.9%● 0.0% vs 10-2025
12-2025: 6.9%● 0.0% vs 11-2025
01-2026: 6.9%● 0.0% vs 12-2025
02-2026: 6.9%● 0.0% vs 01-2026
03-2026: 6.9%● 0.0% vs 02-2026
04-2026: 7.1%▲ +3.7% vs 03-2026
05-2026: 7.0%▼ -1.4% vs 04-2026
06-2026: 6.8%▼ -3.3% vs 05-2026
07-2026: 6.5%▼ -5.0% vs 06-2026
08-2026: 7.7%▲ +19.2% vs 07-2026
09-2026: 8.4%▲ +9.5% vs 08-2026
10-2026: 12.4%▲ +46.9% vs 09-2026highest value
- Figures for FY 2024 (filed 24-09-2025) raises the probability
- 1 change of registered office in 24 months raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 54 days late; 2 of the last 3 late raises the probability
- Liquidity: current ratio 0.14, cash €248 raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.14 against 0.66 in 2023; short-term debt: 39% and cash: 0.1% of total assets), and 97% 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 46, micro). Better than this share of them on solvency 18%, liquidity 29%, profitability 6%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, 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
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15861 sector peers (2024).
NBB · sector comparisonPosition among 15861 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
37 d late
2022
75 d early
2021
5 d early
2020
17 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€72,316
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 9
- Since
- 2020
- 23-09-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 06-09-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in the wholesale of furniture, household goods…NACE 46150
- Founded
- 06-12-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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