HORELCA
ActiveHORELCA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.17M and a net result of €62k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 109 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 8.21 against 11.11 in 2024; short-term debt: 11.6% and cash: 63.6% of total assets), and 14.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.8%
Return on assets
4.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
12 d late
2023
28 d late
2022
22 d late
2021
18 d late
2020
90 d late
2019
111 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.17M▲ 5.6%
2024 · €1.11M
2018: €295k
2019: €404k
2020: €526k
2021: €685k
2022: €886k
2023: €1.01M
2024: €1.11M
2018 → 2025
Total assets
€1.36M▲ 7.7%
2024 · €1.27M
2018: €675k
2019: €777k
2020: €949k
2021: €1.01M
2022: €1.10M
2023: €1.25M
2024: €1.27M
2018 → 2025
Net result
€62k▼ 37.0%
2024 · €98k
2018: €52k
2019: €109k
2020: €219k
2021: €158k
2022: €201k
2023: €124k
2024: €98k
2018 → 2025
Working capital
€1.15M▲ 5.8%
2024 · €1.08M
2018: €218k
2019: €515k
2020: €535k
2021: €689k
2022: €831k
2023: €936k
2024: €1.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€685k-€886k▲ 29.4%€1.01M▲ 14.0%€1.11M▲ 9.7%€1.17M▲ 5.6%
Operating result€240k-€294k▲ 22.6%€181k▼ 38.5%€132k▼ 26.9%€78k▼ 40.8%
Net result€158k-€201k▲ 27.1%€124k▼ 38.4%€98k▼ 20.7%€62k▼ 37.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 41% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€61k▼ 22.5%
Current assets
€1.30M▲ 9.6%
Equity and liabilities €1.36M
Equity
€1.17M▲ 5.6%
Debt
€194k▲ 22.1%
The debt ratio rises from 12.5% to 14.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€129k▼
2024 · €187k
Cash flow
€113k▼
2024 · €153k
Solvency
85.8%▼
2024 · 87.5%
Current ratio
8.21▼
2024 · 11.11
Quick ratio
8.21▼
2024 · 11.11
Debt / equity
0.17▲
2024 · 0.14
ROE
5.3%▼
2024 · 8.9%
ROA
4.5%▼
2024 · 7.8%
Interest coverage
27.60▼
2024 · 33.31
Debt
€194k▲
2024 · €159k
Debt ≤ 1 year
€159k▲
2024 · €107k
Debt > 1 year
€23k▼
2024 · €39k
Income taxes
€25k▼
2024 · €43k
Staff costs
€485k▲
2024 · €462k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.27M€1.36M▲
Fixed assets21/28€78k€61k▼
Tangible fixed assets22/27€77k€59k▼
Furniture and vehicles24€77k€59k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.19M€1.30M▲
Amounts receivable within one year40/41€396k€382k▼
Trade receivables40€199k€179k▼
Other amounts receivable41€197k€203k▲
Cash at bank and in hand54/58€786k€868k▲
Deferred charges and accrued income490/1€7k€54k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.36M▲
Equity10/15€1.11M€1.17M▲
Contributions10/11€19k€19k=
Reserves13€1.09M€1.15M▲
Distributable reserves133€1.09M€1.15M▲
Amounts payable17/49€159k€194k▲
Amounts payable after more than one year17€39k€23k▼
Financial debts170/4€39k€23k▼
Amounts payable within one year42/48€107k€159k▲
Current portion of amounts payable after more than one year42€17k€17k=
Trade debts44€43k€94k▲
Suppliers440/4€43k€94k▲
Taxes, remuneration and social security45€47k€48k▲
Remuneration and social security454/9€47k€48k▲
Accrued charges and deferred income492/3€12k€13k▲
Income statement
Code20242025
Non-recurring operating income76A€38k€44k▲
Remuneration, social security and pensions62€462k€485k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€51k▼
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€15€1k▲
Gross operating margin9900€653k€619k▼
Operating profit (loss)9901€132k€78k▼
Financial income75/76B€15k€13k▼
Recurring financial income75€15k€13k▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€141k€87k▼
Income taxes67/77€43k€25k▼
Profit (loss) for the period9904€98k€62k▼
Profit (loss) for the period to be appropriated9905€98k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€62k▼
Transfer to equity691/2€98k€62k▼
To other reserves6921€98k€62k▼
Social balance
Average headcount (FTE)908710.110.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Equity above €1MEq €1.01M ▲14%
6 profitable years in a row build equity to €1.01M.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Highest result since 2018net €219k ▲101%
Operating result €316k, net result €219k, both a record.
31-12
Financial
Equity above €500kEq €526k ▲30.5%
3 profitable years in a row build equity to €526k.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zutendaal · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenblookstraat 4D3690 ZutendaalGround area
1,542 m²
Building footprint
217 m²
Volume, LiDAR
982 m³
Parcel 71582E0060/00C000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Horelca
since 20042.135.007.216
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71582E0060/00C000 | Flanders | 1,542 m² | 1 · 217 m² | 7.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 81,233 EUR awarded · 81,233 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 18,646 EUR | 18,646 EUR |
| 2024 | 1 | 21,877 EUR | 21,877 EUR |
| 2023 | 1 | 21,011 EUR | 21,011 EUR |
| 2022 | 1 | 19,699 EUR | 19,699 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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VRANCKEN LUCIEN
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Turnhout · Eq €1.09M
Of 4,917 companies in sector 53200 we hold annual accounts for 1,330. 335 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2001
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
64120
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.