HORENO
InactiveHORENO was declared bankrupt on 27-10-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 29-10-2024, published in the Belgian State Gazette on 06-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-07-2022, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
2 d early
2020
53 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€329,904▼ 235%
2020 · -€98,338
Total assets
€223,949▲ 29.6%
2020 · €172,813
Net result
-€231,566
2020 · €2,865
Working capital
-€301,395▼ 235%
2020 · -€90,097
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€13,089--€39,569€16,079-€228,341
Net result-€2,777--€44,987▼ 1,520%€2,865-€231,566
Equity-€56,216--€101,203▼ 80.0%-€98,338▲ 2.8%-€329,904▼ 235%
Total assets€552,266-€484,385▼ 12.3%€172,813▼ 64.3%€223,949▲ 29.6%
Debt€608,481-€585,588▼ 3.8%€271,151▼ 53.7%€553,853▲ 104%
Working capital-€118,215--€172,762▼ 46.1%-€90,097▲ 47.8%-€301,395▼ 235%
Staff (FTE)4.9-4.4▼ 10.2%3.6▼ 18.2%3.7▲ 2.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €228,341 after €16,079 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €223,949
Fixed assets
€58,572 ▼ 21.4%
Current assets
€165,377 ▲ 68.3%
Key figures and ratios
EBITDA
-€207,618▼
2020 · €36,373
Cash flow
-€210,843▼
2020 · €23,159
Solvency
-147.3%▼
2020 · -56.9%
Current ratio
0.35▼
2020 · 0.52
Quick ratio
0.33▲
2020 · 0.29
Debt to equity
-1.68▼
2020 · -0.84
ROA
-103.4%▼
2020 · 1.7%
Interest coverage
-63.71
Debt ≤ 1 year
€466,772▲
2020 · €188,351
Debt > 1 year
€87,081▲
2020 · €82,800
Income taxes
€117▲
2020 · €19
Staff costs
€191,192
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €191,192 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,572 | €38,672 | €20,294 | €20,723 | ▲ 2.1% |
| Other operating charges640/8 | - | - | - | €3,403 | - |
| Gross operating margin9900 | €290,019 | €227,513 | €257,413 | -€13,023 | ▼ 105% |
| Operating profit (loss)9901 | €13,089 | -€39,569 | €16,079 | -€228,341 | ▼ 1,520% |
| Financial income75/76B | - | - | - | €150 | - |
| Recurring financial income75 | €1,258 | €290 | €2,036 | €150 | ▼ 92.6% |
| Financial charges65/66B | - | - | - | €3,259 | - |
| Recurring financial charges65 | €16,968 | €5,708 | €15,230 | €3,259 | ▼ 78.6% |
| Profit (loss) for the period before taxes9903 | -€2,621 | -€44,987 | €2,884 | -€231,449 | ▼ 8,125% |
| Income taxes67/77 | €156 | - | €19 | €117 | ▲ 505% |
| Profit (loss) for the period9904 | -€2,777 | -€44,987 | €2,865 | -€231,566 | ▼ 8,183% |
| Profit (loss) for the period to be appropriated9905 | -€2,777 | -€44,987 | €2,865 | -€231,566 | ▼ 8,183% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €552,266 | €484,385 | €172,813 | €223,949 | ▲ 29.6% |
| Fixed assets21/28 | €232,680 | €194,638 | €74,559 | €58,572 | ▼ 21.4% |
| Tangible fixed assets22/27 | €230,980 | €192,308 | €73,273 | €57,286 | ▼ 21.8% |
| Plant, machinery and equipment23 | - | - | - | €3,161 | - |
| Furniture and vehicles24 | - | - | - | €48,706 | - |
| Other tangible fixed assets26 | - | - | - | €5,419 | - |
| Financial fixed assets28 | €1,700 | €2,330 | €1,286 | €1,286 | = |
| Current assets29/58 | €319,586 | €289,747 | €98,254 | €165,377 | ▲ 68.3% |
| Stocks and contracts in progress3 | €237,158 | €253,790 | €43,398 | €13,398 | ▼ 69.1% |
| Stocks30/36 | - | - | - | €13,398 | - |
| Amounts receivable within one year40/41 | €35,646 | €15,537 | €32,338 | €138,773 | ▲ 329% |
| Trade receivables40 | - | - | - | €134,154 | - |
| Other amounts receivable41 | - | - | - | €4,619 | - |
| Cash at bank and in hand54/58 | €46,523 | €20,320 | €6,898 | €11,373 | ▲ 64.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,833 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €552,266 | €484,385 | €172,813 | €223,949 | ▲ 29.6% |
| Equity10/15 | -€56,216 | -€101,203 | -€98,338 | -€329,904 | ▼ 235% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€76,676 | -€121,663 | -€118,798 | -€350,364 | ▼ 195% |
| Amounts payable17/49 | €608,481 | €585,588 | €271,151 | €553,853 | ▲ 104% |
| Amounts payable after more than one year17 | €170,680 | €123,079 | €82,800 | €87,081 | ▲ 5.2% |
| Financial debts170/4 | - | - | - | €87,081 | - |
| Amounts payable within one year42/48 | €437,801 | €462,509 | €188,351 | €466,772 | ▲ 148% |
| Current portion of amounts payable after more than one year42 | - | - | - | €56,787 | - |
| Financial debts43 | - | - | - | €75,000 | - |
| Credit institutions430/8 | - | - | - | €75,000 | - |
| Trade debts44 | €49,954 | €32,404 | €26,314 | €129,108 | ▲ 391% |
| Suppliers440/4 | - | - | - | €129,108 | - |
| Taxes, remuneration and social security45 | - | - | - | €20,353 | - |
| Taxes450/3 | - | - | - | €6,756 | - |
| Remuneration and social security454/9 | - | - | - | €13,598 | - |
| Other amounts payable47/48 | - | - | - | €185,524 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,777 | -€44,987 | €2,865 | -€231,566 | ▼ 8,183% |
| + Depreciation and write-downs630 | €44,572 | €38,672 | €20,294 | €20,723 | ▲ 2.1% |
| Operating cash flow (approximation) | €41,795 | -€6,315 | €23,159 | -€210,843 | ▼ 1,010% |
| Investment in fixed assets (approximation) | - | -€630 | €99,784 | -€4,735 | ▼ 105% |
| Change in cash | - | -€26,203 | -€13,422 | €4,476 | ▲ 133% |
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
2024
06-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 29-10-2024
2022
07-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 27-10-2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€231,566
Net result drops to -€231,566, the lowest in the series.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,865
Net result €2,865 after 2 loss-making years.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 10 days late
2014
24-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
10-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 163 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIETER MATTHEESSENS LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
27-10-2022 → 29-10-2024 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
5 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Werfbediener (so)