Equity
€274,198 ▲ 6.5%
HOREK has made a profit without a break since 2014.
HOREK
Lifetime
17 annual accounts with figures on one time axispeak €65,916 (2014)
€43,579▼ 16.9%
lowest -€23,970 (2013)
€16,841▼ 4.4%
peak €274,198 (2025)
€274,198▲ 6.5%
€177,801▼ 14.6%
Board1 name since 2008
1 directorRydams Alexandra
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €52,434 to €43,579
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2009
The 2017 accounts came 3 days late. The other nine of the last ten were filed on time.
Restructuring
2024
Restructuring with LIJSTERBES. Restructuring on 25-10-2024.
Checked score
93
Excellent
Financially stronger than 50% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.75, cash €10,256
lowers risk
Size: total assets €452,000
Figures for financial year 2025 (filed on 30-06-2026)
Founded in 2008
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 82, micro). It does better than 60% of them on solvency, 45% on liquidity, 43% on profitability and 52% on growth.
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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 6,049 companies had the same profile as HOREK has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of HOREK itself: 0.1% 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 6,049 companies, not a prediction for HOREK. 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
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (0.67 in 2024), below 1. Short-term debt is 10.5% and cash 2.3% of total assets. 39.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
38 days early
2023
15 days early
2022
18 days early
2021
11 days early
2020
17 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
RA
Rydams Alexandra
Director, since 22-09-2008
- LIJSTERBESequity €55,419 (2025) · deed of 25-10-2024
Shares in 1 company, Lijsterbes
Board & ownershipRecent changes
Demerger: LIJSTERBES splits off to HOREK
Capital contribution of €7,263.80 · The company holds all the shares of LIJSTERBES · 300 shares · General meeting of 01-07-2024 · Gazette deed
Demerger proposal: LIJSTERBES splits off to HOREK
The company holds all the shares of LIJSTERBES · Gazette deed
Incorporation
published on 02-10-2008 · Gazette deed
First establishment
Humbeeksebaan 227, Zemst
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOREK Zemst | €452,000 | €43,579 | 60.7% | - |
| CRAZY COW Sint-Pieters-Leeuw | €352,240 | €41,406 | 2.2% | - |
| Eric Martens BV Bilzen-Hoeselt | €493,240 | €41,624 | 7.4% | - |
| MF FACILITY Maaseik | €429,740 | €44,431 | 61.1% | - |
| JAN ROGGEN Hasselt | €463,396 | €46,953 | 90.5% | - |
| STRUCTURE & MANAGEMENT CONSULTANCY Knokke-Heist | €478,188 | €43,508 | 78.9% | - |
| Special Projects On Support Deinze | €506,233 | €48,592 | 53.5% | - |
These companies have the same main activity as HOREK: other business support services (NACE 82990). They are comparable in size and age: total assets between €352,000 and €506,000, founded between 2006 and 2009.
Official details
Source: KBO- Status
- Active since 24-09-2008Normal situation
- Activity
- Other business support servicesNACE 82990and 3 others
- Establishment unit
- 2.173.488.0071980 Zemst, since 22-09-2008
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €110,000estimated
- €452,000▼ 2.9%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on HOREK
HOREK files the abbreviated format. That format states no turnover. The gross margin rose from €17,716 in 2009 to €43,579 in 2025.
The balance sheet grew most from 2012 to 2014 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HOREK
- What is the company number of HOREK?
- The company number of HOREK is 0806.559.849. The VAT number is the same number with BE in front: BE 0806.559.849.
- Where is HOREK based?
- The registered office is at Humbeeksebaan 227, 1980 Zemst.Company details
- What does HOREK do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of HOREK?
- HOREK is a private limited company (BV).
- When was HOREK founded?
- HOREK was founded on 24-09-2008.
- Is HOREK still active?
- Yes, HOREK is an active enterprise in the KBO register.
- What is the turnover of HOREK?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €43,579 and 41 comparable companies (NACE 82990). It probably lies between €70,000 and €150,000.Financials
- Is HOREK profitable?
- In financial year 2025, HOREK made a profit of €16,841.
- Where can I find the annual accounts of HOREK?
- HOREK filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOREK due?
- HOREK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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