Summary
HORECONSULT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €40,367 and a net result of €72,455. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 17% of 5585 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two 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 17% of 5585 sector peers (2025).
NBB · sector comparisonPosition among 5585 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 filingsDeviation from the deadline
2025
21 d late
2024
1 d early
2023
on the day
2022
32 d early
2021
26 d early
2020
108 d late
2019
67 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 20 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€40,367▼ 78.3%
2024 · €186,139
Net result
€72,455▲ 988%
2024 · €6,659
Total assets
€267,781▼ 65.5%
2024 · €776,119
Solvency
15.1%▼ 8.9pp
2024 · 24.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,724▼ 77.7%€70,731▲ 259%€64,298▼ 9.1%€19,522▼ 69.6%€92,405▲ 373%
Net result€15,993within the sector's middle half▼ 80.6%€54,694within the sector's middle half▲ 242%€40,476within the sector's middle half▼ 26.0%€6,659within the sector's middle half▼ 83.5%€72,455within the sector's middle half▲ 988%
Equity€113,288below the sector's middle half▲ 16.4%€139,003below the sector's middle half▲ 22.7%€179,480within the sector's middle half▲ 29.1%€186,139below the sector's middle half▲ 3.7%€40,367below the sector's middle half▼ 78.3%
Total assets€478,308below the sector's middle half▲ 20.8%€701,645within the sector's middle half▲ 46.7%€799,088within the sector's middle half▲ 13.9%€776,119within the sector's middle half▼ 2.9%€267,781below the sector's middle half▼ 65.5%
Debt€347,970▲ 23.6%€547,309▲ 57.3%€605,992▲ 10.7%€578,081▼ 4.6%€227,414▼ 60.7%
Working capital-€40,369within the sector's middle half€81,936within the sector's middle half-€20,543within the sector's middle half-€11,319within the sector's middle half▲ 44.9%€11,060within the sector's middle half
Solvency23.7%below the sector's middle half▼ 0.9pp19.8%below the sector's middle half▼ 3.9pp22.5%below the sector's middle half▲ 2.6pp24.0%below the sector's middle half▲ 1.5pp15.1%below the sector's middle half▼ 8.9pp
Current ratio0.71within the sector's middle half▼ 1.801.72within the sector's middle half▲ 1.010.91within the sector's middle half▼ 0.810.95within the sector's middle half▲ 0.041.19within the sector's middle half▲ 0.24
Return on assets (ROA)3.3%within the sector's middle half▼ 17.4pp7.8%within the sector's middle half▲ 4.5pp5.1%within the sector's middle half▼ 2.7pp0.9%within the sector's middle half▼ 4.2pp27.1%above the sector's middle half▲ 26.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Equity -78%, Total assets -65% on 2024. Partial demerger to ACASA HOLDING, effective 01-07-2025.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 373% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267,781
Fixed assets
€199,502 ▼ 64.1%
Current assets
€68,278 ▼ 69.1%
Equity and liabilities €267,781
Equity
€40,367 ▼ 78.3%
Provisions
€0 ▼ 100%
Debt
€227,414 ▼ 60.7%
Debt's share of the balance-sheet total rises from 74.5% to 84.9%. Equity and debt are lower.
Key figures and ratios
ROE
179.5%▲
2024 · 3.6%
Debt ≤ 1 year
€57,218▼
2024 · €232,123
Debt > 1 year
€170,196▼
2024 · €345,958
Income taxes
€20,568▲
2024 · €4,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,340 | - | - | - | €4,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,103 | €15,958 | €46,838 | €51,123 | €39,214 | ▼ 23.3% |
| Other operating charges640/8 | €1,274 | €1,224 | €823 | €202 | €762 | ▲ 277% |
| Gross operating margin9900 | €26,101 | €87,913 | €111,960 | €70,847 | €132,381 | ▲ 86.9% |
| Operating profit (loss)9901 | €19,724 | €70,731 | €64,298 | €19,522 | €92,405 | ▲ 373% |
| Financial income75/76B | €1,174 | €1,683 | €2,570 | €3,178 | €2,634 | ▼ 17.1% |
| Recurring financial income75 | €1,174 | €1,683 | €2,570 | €3,178 | €2,634 | ▼ 17.1% |
| Financial charges65/66B | €4,642 | €7,808 | €7,407 | €13,027 | €8,984 | ▼ 31.0% |
| Recurring financial charges65 | €4,642 | €7,808 | €7,407 | €13,027 | €8,580 | ▼ 34.1% |
| Non-recurring financial charges66B | - | - | - | - | €404 | - |
| Profit (loss) for the period before taxes9903 | €16,256 | €64,605 | €59,461 | €9,673 | €86,054 | ▲ 790% |
| Transfer from deferred taxes780 | €119 | €1,717 | €1,717 | €1,717 | €6,968 | ▲ 306% |
| Income taxes67/77 | €382 | €11,628 | €20,702 | €4,730 | €20,568 | ▲ 335% |
| Profit (loss) for the period9904 | €15,993 | €54,694 | €40,476 | €6,659 | €72,455 | ▲ 988% |
| Transfer from tax-exempt reserves789 | €355 | €5,151 | €5,151 | €5,151 | €2,575 | ▼ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €16,349 | €59,845 | €45,627 | €11,810 | €75,030 | ▲ 535% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €478,308 | €701,645 | €799,088 | €776,119 | €267,781 | ▼ 65.5% |
| Fixed assets21/28 | €381,177 | €505,787 | €598,709 | €555,315 | €199,502 | ▼ 64.1% |
| Tangible fixed assets22/27 | €132,323 | €256,895 | €349,832 | €304,063 | €199,502 | ▼ 34.4% |
| Land and buildings22 | €130,033 | €255,584 | €347,976 | €298,492 | €195,421 | ▼ 34.5% |
| Plant, machinery and equipment23 | €311 | €155 | €0 | €4,532 | €3,461 | ▼ 23.6% |
| Furniture and vehicles24 | €1,979 | €1,155 | €1,855 | €1,039 | €620 | ▼ 40.3% |
| Financial fixed assets28 | €248,855 | €248,892 | €248,877 | €251,252 | - | - |
| Current assets29/58 | €97,131 | €195,858 | €200,379 | €220,804 | €68,278 | ▼ 69.1% |
| Amounts receivable after more than one year29 | €22,324 | €70,440 | €51,195 | €112,779 | - | - |
| Other amounts receivable291 | €22,324 | €70,440 | €51,195 | €112,779 | - | - |
| Stocks and contracts in progress3 | €23,645 | €16,656 | €35,743 | €30,636 | €34,136 | ▲ 11.4% |
| Stocks30/36 | €23,645 | €16,656 | €35,743 | €30,636 | €34,136 | ▲ 11.4% |
| Amounts receivable within one year40/41 | €24,279 | €8,185 | €1,908 | €37,814 | €29,277 | ▼ 22.6% |
| Trade receivables40 | €24,279 | €8,185 | €1,908 | €29,314 | - | - |
| Other amounts receivable41 | - | - | - | €8,500 | €29,277 | ▲ 244% |
| Cash at bank and in hand54/58 | €24,679 | €99,147 | €109,965 | €37,448 | €4,865 | ▼ 87.0% |
| Deferred charges and accrued income490/1 | €2,204 | €1,431 | €1,569 | €2,127 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €478,308 | €701,645 | €799,088 | €776,119 | €267,781 | ▼ 65.5% |
| Equity10/15 | €113,288 | €139,003 | €179,480 | €186,139 | €40,367 | ▼ 78.3% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €8,301 | ▼ 86.2% |
| Reserves13 | €78,529 | €104,244 | €144,720 | €139,570 | €14,370 | ▼ 89.7% |
| Non-distributable reserves130/1 | €6,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | €6,000 | - | - | - | - | - |
| Tax-exempt reserves132 | €51,149 | €45,999 | €40,848 | €35,698 | - | - |
| Distributable reserves133 | €21,379 | €58,245 | €103,872 | €103,872 | €14,370 | ▼ 86.2% |
| Profit (loss) carried forward14 | -€25,240 | -€25,240 | -€25,240 | -€13,431 | €17,696 | ▲ 232% |
| Provisions and deferred taxes16 | €17,050 | €15,333 | €13,616 | €11,899 | - | - |
| Deferred taxes168 | €17,050 | €15,333 | €13,616 | €11,899 | - | - |
| Amounts payable17/49 | €347,970 | €547,309 | €605,992 | €578,081 | €227,414 | ▼ 60.7% |
| Amounts payable after more than one year17 | €205,342 | €420,987 | €379,069 | €345,958 | €170,196 | ▼ 50.8% |
| Financial debts170/4 | €60,841 | €304,172 | €262,255 | €219,579 | €170,196 | ▼ 22.5% |
| Other amounts payable178/9 | €144,501 | €116,814 | €116,814 | €126,379 | - | - |
| Amounts payable within one year42/48 | €137,500 | €113,922 | €220,922 | €232,123 | €57,218 | ▼ 75.4% |
| Current portion of amounts payable after more than one year42 | €13,163 | €41,173 | €41,917 | €42,676 | €29,377 | ▼ 31.2% |
| Financial debts43 | - | - | €125,000 | €131,067 | - | - |
| Credit institutions430/8 | - | - | €125,000 | €131,067 | - | - |
| Trade debts44 | €99,498 | €16,091 | €18,740 | €26,896 | €4,224 | ▼ 84.3% |
| Suppliers440/4 | €99,498 | €16,091 | €18,740 | €26,896 | €4,224 | ▼ 84.3% |
| Advances received on contracts in progress46 | €19,915 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €4,925 | €27,679 | €35,265 | €31,484 | €10,723 | ▼ 65.9% |
| Taxes450/3 | €4,925 | €24,179 | €35,265 | €31,484 | €10,723 | ▼ 65.9% |
| Remuneration and social security454/9 | - | €3,500 | €0 | - | - | - |
| Other amounts payable47/48 | - | €28,979 | €0 | - | €12,895 | - |
| Accrued charges and deferred income492/3 | €5,128 | €12,400 | €6,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,993 | €54,694 | €40,476 | €6,659 | €72,455 | ▲ 988% |
| + Depreciation and write-downs630 | €5,103 | €15,958 | €46,838 | €51,123 | €39,214 | ▼ 23.3% |
| Operating cash flow (approximation) | €21,096 | €70,652 | €87,314 | €57,782 | €111,669 | ▲ 93.3% |
| Investment in fixed assets (approximation) | - | -€140,567 | -€139,760 | -€7,729 | €316,598 | ▲ 4,196% |
| Change in cash | - | €74,468 | €10,818 | -€72,517 | -€32,583 | ▲ 55.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
06-03
State Gazette act
Capital & shares · Purpose · Statutes amendment · Legal-form change · RestructuringResignation: VLIEGHE Jan (director) · Demerger · Accounting effect14 facts ▸
State Gazette act
Capital & shares · Purpose · Statutes amendment · Legal-form change · Restructuring
Resignation: VLIEGHE Jan (director) · Demerger · Accounting effect14 facts ▸
- General meeting, 19-12-2025
- Demerger, partiële splitsing door overneming, EUR
- Accounting effect, 01-07-2025
- Real estate, 30% in volle eigendom van: 1. Een building met aanhorigheden, op en met grond, gestaan en gelegen "Lutselusstraat 138", kadastraal gekend volgens titel sectie C…
- Share issue, nieuwe aandelen, 176
- Share cancellation, 199, vernietiging eigen aandelen
- Reserve release, statutair onbeschikbare eigenvermogensrekening opgeheven en beschikbaar gemaakt voor uitkering
- Purpose change, Wijziging van het voorwerp door vervanging van de omschrijving
- Statutes amendment
- Capital, €8.300,84
- Capital, €57.899,16
- Director resignation, VLIEGHE Jan (director)
- +2 further facts in this act
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150,000Eq €179,480 ▲29.1%
4 profitable years in a row build equity to €179,480.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.72
Current ratio from 0.71 to 1.72; short-term debt falls from €137,500 to €113,922.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €113,288 ▲16.4%
2 profitable years in a row build equity to €113,288.
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 108 days late
2020
31-12
Financial
Back to profitnet €82,245
Net result €82,245 after 2 loss-making years.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€105,822
Net result drops to -€105,822, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.51
Current ratio from 0.46 to 1.51; short-term debt falls from €106,195 to €56,259.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2005
Ground area
1.1 ha
Building footprint
495 m²
Volume, LiDAR
5,791 m³
2 parcels, Flanders · tallest building 25.8 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VESTA VASTGOED
since 20052.146.629.202
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31362A0231/00A000 | Flanders | 1.1 ha | 1 · 178 m² | 6.4 m · 1 fl. |
| 35022A0001/00V054 | Flanders | 351 m² | 1 · 316 m² | 25.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2025, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VLIEGHE Jan |
|
Articles of association
Purpose
A. Algemeen I Immobiliën ... II Paarden ... III Interieur & Advies ... IV Meubelontwerp, Interieurinrichting & Textiel ... B. Voor eigen rekening ... C. Bijzondere bepalingen
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
99.5%
-
33.33%
According to the 2025 annual accounts of HORECONSULT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:ACASA HOLDING
Capital and shareholders
Capital over the years
- 06-03-2026 Capital stated in the act · 8,300.84 EUR · 100 shares
Recognitions · licences · registrations
Legal Entity Identifier
984500F83CA2E7A03934
Similar companies · same sector, comparable size
JUNI (HOLDINGS)
BE 0791.708.159
Brussel · Eq €40,375
Goemmy
BE 0784.230.944
Aarschot · Eq €40,379
S&D
BE 1019.166.033
Beringen · Eq €40,345
DATZO
BE 0678.384.643
Lommel · Eq €40,344
JELLIS
BE 1014.166.177
Antwerpen · Eq €40,340
Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 9,732 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
01430Raising of horses and other equines
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873123526
Also
9925:BE0873123526
Registered
09-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.