HOREST CONSULT
ActiveHOREST CONSULT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €3k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+2
Solvency97▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 2.98 in 2024; short-term debt: 27.9% and cash: 54% of total assets), and 28.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
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
71.7%
Return on assets
2%
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 04-08-2026, 4 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
4 d late
2024
23 d late
2023
70 d late
2022
128 d late
2021
121 d late
2020
86 d late
2019
55 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€98k▲ 2.8%
2024 · €95k
2018: €28k
2019: €43k
2020: €60k
2021: €77k
2022: €93k
2023: €95k
2024: €95k
2018 → 2025
Total assets
€137k▲ 10.8%
2024 · €123k
2018: €45k
2019: €60k
2020: €84k
2021: €115k
2022: €125k
2023: €123k
2024: €123k
2018 → 2025
Net result
€3k▲ 1,132%
2024 · €218
2018: €11k
2019: €15k
2020: €17k
2021: €17k
2022: €16k
2023: €2k
2024: €218
2018 → 2025
Working capital
€57k▲ 3.1%
2024 · €55k
2018: €27k
2019: €43k
2020: €59k
2021: €77k
2022: €92k
2023: €92k
2024: €55k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€93k▲ 20.1%€95k▲ 2.5%€95k▲ 0.2%€98k▲ 2.8%
Operating result€27k-€23k▼ 14.6%€5k▼ 77.3%€2k▼ 68.2%€6k▲ 260%
Net result€17k-€16k▼ 10.2%€2k▼ 85.3%€218▼ 90.5%€3k▲ 1,132%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 260% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€42k▲ 3.8%
Current assets
€95k▲ 14.2%
Equity and liabilities €137k
Equity
€98k▲ 2.8%
Debt
€39k▲ 38.2%
The debt ratio rises from 22.7% to 28.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2024 · €2k
Cash flow
€6k▲
2024 · €1k
Solvency
71.7%▼
2024 · 77.3%
Current ratio
2.50▼
2024 · 2.98
Quick ratio
2.50▼
2024 · 2.98
Debt / equity
0.39▲
2024 · 0.29
ROE
2.7%▲
2024 · 0.2%
ROA
2.0%▲
2024 · 0.2%
Interest coverage
13.50▲
2024 · 9.62
Debt
€39k▲
2024 · €28k
Debt ≤ 1 year
€38k▲
2024 · €28k
Income taxes
€3k▲
2024 · €1k
Staff costs
€119k▲
2024 · €62k
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€123k€137k▲
Fixed assets21/28€40k€42k▲
Intangible fixed assets21€13k€10k▼
Tangible fixed assets22/27€2k€6k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€464€5k▲
Financial fixed assets28€25k€25k=
Current assets29/58€83k€95k▲
Amounts receivable within one year40/41€5k€20k▲
Trade receivables40€5k€20k▲
Cash at bank and in hand54/58€78k€74k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€123k€137k▲
Equity10/15€95k€98k▲
Contributions10/11€12k€12k=
Reserves13€2k€5k▲
Distributable reserves133€2k€5k▲
Profit (loss) carried forward14€81k€81k=
Amounts payable17/49€28k€39k▲
Amounts payable within one year42/48€28k€38k▲
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Taxes, remuneration and social security45€23k€28k▲
Taxes450/3€14k€14k▼
Remuneration and social security454/9€9k€13k▲
Other amounts payable47/48-€646
Accrued charges and deferred income492/3-€533
Income statement
Code20242025
Remuneration, social security and pensions62€62k€119k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€787€3k▲
Other operating charges640/8€1k€900▼
Gross operating margin9900€66k€130k▲
Operating profit (loss)9901€2k€6k▲
Financial income75/76B-€199
Recurring financial income75-€199
Financial charges65/66B€256€705▲
Recurring financial charges65€256€705▲
Profit (loss) for the period before taxes9903€1k€6k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€218€3k▲
Profit (loss) for the period to be appropriated9905€218€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€81k€84k▲
Profit (loss) brought forward from the previous period14P€81k€81k▲
Transfer to equity691/2-€3k
To other reserves6921-€3k
The notes to these accounts (9 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
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Weakest financial yearnet €218 ▼90.5%
Net result drops to €218, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 121 days late
2021
31-12
Financial
Highest result since 2018net €17k ▲4.5%
Operating result €27k, net result €17k, both a record.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 138 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
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.
31-03-2017
Resigned as Manager
Location & real-estate footprint
Registered office, Ath · 3 establishment units since 2022
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.
Chaussée de Bruxelles 607800 AthGround area
2.5 ha
Building footprint
722 m²
Volume, LiDAR
3,205 m³
3 parcels, Wallonia · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Horest Consult SPRL
since 20222.341.470.528
HOREST CONSULT SPRL
since 20242.358.711.485
HOREST CONSULT
since 20252.380.483.532
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004B3328/00A000 | Wallonia | 2.3 ha | 1 · 111 m² | - |
| 25783E0243/00A002 | Wallonia | 1,567 m² | 1 · 579 m² | 15.0 m · 2 fl. |
| 91061B0987/00Y011 | Wallonia | 292 m² | 1 · 32 m² | 3.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JEF MC
BE 0734.551.108
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TOT'M
BE 0826.673.887
Bastogne · Eq €97k
BRUMEN
BE 0463.550.330
Balen · Eq €96k
GLAMOUROOS
BE 0783.514.134
Diksmuide · Eq €96k
Adaro
BE 0679.688.205
Sint-Truiden · Eq €93k
Of 504 companies in sector 47713 we hold annual accounts for 197. 153 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2005
Fiscal year end31-12
Activities, NACEBEL
47713Retail trade
52424
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:compta@ilpath.be
Phone:0487665020