HOREXIMMO
ActiveSummary
The computed 12-month bankruptcy probability of HOREXIMMO is 3.0% (moderate). The 2025 annual accounts show negative equity (€-73k) and a net result of €-10k. Equity is shrinking by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 3674 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▼-9
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.45 in 2024; short-term debt: 154.8% and cash: 14.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-54.8%
Return on assets
-7.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-73k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 · 8 filingsDeviation from the deadline
2025
52 d late
2024
46 d late
2023
29 d late
2022
26 d early
2021
29 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k
2024 · €14
2018: €-2k
2019: €-33k
2020: €-13k
2021: €41k
2022: €48k
2023: €-125k
2024: €14
2018 → 2025
Working capital
€-107k▲ 4.4%
2024 · €-112k
2018: €-27k
2019: €-72k
2020: €-84k
2021: €-39k
2022: €12k
2023: €-113k
2024: €-112k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€62k▲ 342%€-63k€-63k=€-73k▼ 15.4%
Operating result€43k-€56k▲ 31.0%€-122k€5k€-8k
Net result€41k-€48k▲ 16.2%€-125k€14€-10k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€34k ▼ 30.0%
Current assets
€99k ▲ 8.9%
Key figures and ratios
EBITDA
€9k▼
2024 · €21k
Cash flow
€7k▼
2024 · €16k
Solvency
-54.8%▼
2024 · -45.3%
Current ratio
0.48▲
2024 · 0.45
Quick ratio
0.39▲
2024 · 0.38
Debt to equity
-2.82▲
2024 · -3.21
ROA
-7.3%▼
2024 · 0.0%
Interest coverage
4.37▲
2024 · 4.30
Debt
€206k▲
2024 · €203k
Debt ≤ 1 year
€206k▲
2024 · €203k
Staff costs
€373k▲
2024 · €331k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€140k€133k▼
Fixed assets21/28€49k€34k▼
Intangible fixed assets21€35k€23k▼
Tangible fixed assets22/27€13k€11k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24-€2k
Leasing and similar rights25€3k€2k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€400€400=
Current assets29/58€91k€99k▲
Stocks and contracts in progress3€15k€19k▲
Stocks30/36€15k€19k▲
Amounts receivable within one year40/41€60k€60k▲
Trade receivables40-€250
Other amounts receivable41€60k€60k=
Cash at bank and in hand54/58€16k€19k▲
Equity and liabilities
Total equity and liabilities10/49€140k€133k▼
Equity10/15€-63k€-73k▼
Contributions10/11€20k€20k=
Reserves13€48k€48k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€-131k€-141k▼
Amounts payable17/49€203k€206k▲
Amounts payable within one year42/48€203k€206k▲
Current portion of amounts payable after more than one year42€20k-
Trade debts44€94k€102k▲
Suppliers440/4€94k€102k▲
Taxes, remuneration and social security45€89k€103k▲
Taxes450/3€25k€28k▲
Remuneration and social security454/9€64k€75k▲
Income statement
Code20242025
Non-recurring operating income76A€4k€513▼
Remuneration, social security and pensions62€331k€373k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€354k€387k▲
Operating profit (loss)9901€5k€-8k▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€23€-10k▼
Income taxes67/77€9-
Profit (loss) for the period9904€14€-10k▼
Profit (loss) for the period to be appropriated9905€14€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-131k€-141k▼
Profit (loss) brought forward from the previous period14P€-131k€-131k=
Social balance
Average headcount (FTE)908723.421.3▼
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 52 days late
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 46 days late
2024
31-12
Financial
Back to profitnet €14
Net result €14 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-125k ▼361%
Net result drops to €-125k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €48k ▲16.2%
Operating result €56k, net result €48k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €41k
Net result €41k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Jurbise · 1 establishment unit since 2006
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.
Route d'Ath(J) 827050 JurbiseGround area
4,951 m²
Building footprint
240 m²
Volume, LiDAR
1,379 m³
Parcel 53050D0204/00B008, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LA PIZZARELLA
since 20062.150.953.125
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53050D0204/00B008 | Wallonia | 4,951 m² | 1 · 240 m² | 6.9 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteJurbise2.150.953.125
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,870 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.