HOREKO
InactiveFrom the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette
Financials · financial year 2024, abbreviated format
Latest annual accounts filed
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 01-07-2025
- Format
- abbreviated format
- Reference
- 2025-00225449
Turnover
€502,777
EBIT margin
-11.4%
Net result
€20,553▼ 34.8%
2023 · €31,516
Working capital
€376,723▲ 16.8%
2023 · €322,407
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen two years in a row; 2024 is 10% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€28,472
2024
Net result€20,553
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€555,065
2024
Equity€214,686
2024
Debt€340,379
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€376,723
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)3
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€502,777
Operating result-€31,492-€9,858€6,449▼ 34.6%-€57,242€33,435€31,596▼ 5.5%€28,472▼ 9.9%
Net result-€32,048-€9,308€5,903▼ 36.6%-€57,812€31,438€31,516▲ 0.2%€20,553▼ 34.8%
EBIT margin-11.4%
Equity-€135,499--€126,191▲ 6.9%-€120,289▲ 4.7%-€168,820▼ 40.3%€162,618€194,134▲ 19.4%€214,686▲ 10.6%
Total assets€28,293-€54,426▲ 92.4%€63,285▲ 16.3%€134,011▲ 112%€540,430▲ 303%€506,262▼ 6.3%€555,065▲ 9.6%
Debt€163,792-€180,617▲ 10.3%€183,573▲ 1.6%€302,832▲ 65.0%€377,812▲ 24.8%€312,128▼ 17.4%€340,379▲ 9.1%
Working capital-€69,294--€55,310▲ 20.2%-€48,647▲ 12.0%-€48,592▲ 0.1%€284,094€322,407▲ 13.5%€376,723▲ 16.8%
Staff (FTE)0.7-1.51.8▲ 20.0%2.3▲ 27.8%3▲ 30.4%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €555,065
Fixed assets
€8,657 ▲ 196%
Current assets
€546,408 ▲ 8.6%
Equity and liabilities €555,065
Equity
€214,686 ▲ 10.6%
Debt
€340,379 ▲ 9.1%
Debt's share of the balance-sheet total falls from 61.7% to 61.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,889▼
2023 · €33,296
Cash flow
€21,969▼
2023 · €33,217
Current ratio
3.22▲
2023 · 2.78
Debt to equity
1.59▼
2023 · 1.61
ROE
9.6%▼
2023 · 16.2%
ROA
3.7%▼
2023 · 6.2%
Interest coverage
3.97▼
2023 · 11.89
Debt ≤ 1 year
€169,685▼
2023 · €180,931
Income taxes
€866▼
2023 · €1,002
Staff costs
€233,272▲
2023 · €154,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €502,777 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €560,019 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €95,136 | €113,310 | €154,066 | €233,272 | ▲ 51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,677 | €1,786 | €1,476 | €1,150 | €1,207 | €1,701 | €1,417 | ▼ 16.7% |
| Other operating charges640/8 | - | - | - | - | €143 | €150 | €53 | ▼ 64.7% |
| Gross operating margin9900 | €8,236 | €15,620 | €7,849 | €39,045 | €148,095 | €187,513 | €263,214 | ▲ 40.4% |
| Operating profit (loss)9901 | -€31,492 | €9,858 | €6,449 | -€57,242 | €33,435 | €31,596 | €28,472 | ▼ 9.9% |
| Financial income75/76B | - | - | - | €211 | €192 | €3,722 | €483 | ▼ 87.0% |
| Recurring financial income75 | €365 | €3 | - | €211 | €192 | €3,722 | €483 | ▼ 87.0% |
| Financial charges65/66B | - | - | - | €782 | €1,646 | €2,800 | €7,537 | ▲ 169% |
| Recurring financial charges65 | €832 | €554 | €546 | €782 | €1,646 | €2,800 | €7,537 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | -€31,959 | €9,308 | €5,903 | -€57,812 | €31,980 | €32,518 | €21,418 | ▼ 34.1% |
| Income taxes67/77 | €88 | - | - | - | €542 | €1,002 | €866 | ▼ 13.6% |
| Profit (loss) for the period9904 | -€32,048 | €9,308 | €5,903 | -€57,812 | €31,438 | €31,516 | €20,553 | ▼ 34.8% |
| Profit (loss) for the period to be appropriated9905 | -€32,048 | €9,308 | €5,903 | -€57,812 | €31,438 | €31,516 | €20,553 | ▼ 34.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €28,293 | €54,426 | €63,285 | €134,011 | €540,430 | €506,262 | €555,065 | ▲ 9.6% |
| Fixed assets21/28 | €6,295 | €1,619 | €858 | €2,272 | €2,222 | €2,924 | €8,657 | ▲ 196% |
| Tangible fixed assets22/27 | €2,631 | €1,619 | €858 | €2,272 | €2,222 | €2,924 | €8,657 | ▲ 196% |
| Furniture and vehicles24 | - | - | - | €2,272 | €2,222 | €2,924 | €8,657 | ▲ 196% |
| Financial fixed assets28 | €3,664 | - | - | - | - | - | - | - |
| Current assets29/58 | €21,998 | €52,807 | €62,427 | €131,739 | €538,208 | €503,338 | €546,408 | ▲ 8.6% |
| Stocks and contracts in progress3 | €11,385 | €13,331 | €9,983 | €13,591 | €11,278 | - | - | - |
| Stocks30/36 | - | - | - | €13,591 | €11,278 | - | - | - |
| Amounts receivable within one year40/41 | €9,261 | €11,710 | €23,202 | €42,493 | €426,467 | €116,158 | €79,748 | ▼ 31.3% |
| Trade receivables40 | - | - | - | €42,184 | €248,967 | €78,279 | €79,748 | ▲ 1.9% |
| Other amounts receivable41 | - | - | - | €308 | €177,500 | €37,879 | - | - |
| Cash at bank and in hand54/58 | €1,352 | €27,767 | €29,242 | €75,655 | €100,463 | €387,180 | €466,660 | ▲ 20.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €28,293 | €54,426 | €63,285 | €134,011 | €540,430 | €506,262 | €555,065 | ▲ 9.6% |
| Equity10/15 | -€135,499 | -€126,191 | -€120,289 | -€168,820 | €162,618 | €194,134 | €214,686 | ▲ 10.6% |
| Contributions10/11 | €9,270 | €9,270 | - | €18,550 | €318,550 | €318,550 | €318,550 | = |
| Profit (loss) carried forward14 | -€144,769 | -€135,461 | -€129,559 | -€187,370 | -€155,932 | -€124,416 | -€103,864 | ▲ 16.5% |
| Amounts payable17/49 | €163,792 | €180,617 | €183,573 | €302,832 | €377,812 | €312,128 | €340,379 | ▲ 9.1% |
| Amounts payable after more than one year17 | €72,500 | €72,500 | €72,500 | €122,500 | - | - | - | - |
| Financial debts170/4 | - | - | - | €122,500 | - | - | - | - |
| Amounts payable within one year42/48 | €91,292 | €108,117 | €111,073 | €180,332 | €254,114 | €180,931 | €169,685 | ▼ 6.2% |
| Trade debts44 | €61,288 | €64,052 | €64,703 | €60,472 | €223,032 | €10,158 | €38,494 | ▲ 279% |
| Suppliers440/4 | - | - | - | €60,472 | €223,032 | €10,158 | €38,494 | ▲ 279% |
| Advances received on contracts in progress46 | - | - | - | €93,919 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €25,819 | €31,082 | €44,858 | €57,858 | ▲ 29.0% |
| Taxes450/3 | - | - | - | €16,933 | €21,238 | €24,209 | €27,036 | ▲ 11.7% |
| Remuneration and social security454/9 | - | - | - | €8,887 | €9,845 | €20,649 | €30,822 | ▲ 49.3% |
| Other amounts payable47/48 | - | - | - | €121 | - | €125,915 | €73,333 | ▼ 41.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €123,698 | €131,196 | €170,694 | ▲ 30.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,048 | €9,308 | €5,903 | -€57,812 | €31,438 | €31,516 | €20,553 | ▼ 34.8% |
| + Depreciation and write-downs630 | €1,677 | €1,786 | €1,476 | €1,150 | €1,207 | €1,701 | €1,417 | ▼ 16.7% |
| Operating cash flow (approximation) | -€30,370 | €11,094 | €7,378 | -€56,662 | €32,645 | €33,217 | €21,969 | ▼ 33.9% |
| Investment in fixed assets (approximation) | - | €2,890 | -€715 | -€2,564 | -€1,157 | -€2,402 | -€7,150 | ▼ 198% |
| Change in cash | - | €26,414 | €1,475 | €46,413 | €24,808 | €286,716 | €79,481 | ▼ 72.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00225449 | |
| 31-12-2023 | abbreviated format | 10-07-2024 | 2024-00236180 | |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00245642 | |
| 31-12-2021 | abbreviated format | 19-08-2022 | 2022-20311867 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62500016 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-30500488 | |
| 31-12-2018 | micro format | 24-07-2019 | 2019-36500303 | |
| 31-12-2017 | micro format | 03-07-2018 | 2018-27300552 | |
| 31-12-2016 | abbreviated format | 08-08-2017 | 2017-41700268 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.