HORIOS
ActiveSummary
HORIOS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-51k) and a net result of €-6k. Equity is shrinking by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.14 in 2024; short-term debt: 801.6% and cash: 29.8% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
-701.6%
Return on assets
-80.4%
Age of the figures
18 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-51k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
2023
26 d early
2022
14 d early
2021
40 d early
2020
18 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-51k▼ 12.9%
2024 · €-45k
2019: €13k
2020: €-5k
2021: €-18k
2022: €-30k
2023: €-37k
2024: €-45k
2019 → 2025
Total assets
€7k▲ 1.9%
2024 · €7k
2019: €28k
2020: €12k
2021: €10k
2022: €9k
2023: €8k
2024: €7k
2019 → 2025
Net result
€-6k▲ 32.7%
2024 · €-9k
2019: €-21k
2020: €-18k
2021: €-13k
2022: €-12k
2023: €-7k
2024: €-9k
2019 → 2025
Working capital
€-51k▼ 12.9%
2024 · €-45k
2019: €10k
2020: €-7k
2021: €-20k
2022: €-31k
2023: €-37k
2024: €-45k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-18k-€-30k▼ 63.9%€-37k▼ 22.7%€-45k▼ 23.8%€-51k▼ 12.9%
Operating result€-13k-€-12k▲ 11.3%€-7k▲ 41.7%€-9k▼ 29.0%€-6k▲ 33.0%
Net result€-13k-€-12k▲ 11.2%€-7k▲ 41.7%€-9k▼ 28.5%€-6k▲ 32.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €9k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-701.6%▼
2024 · -633.0%
Current ratio
0.12▼
2024 · 0.14
Quick ratio
0.04▼
2024 · 0.04
Debt to equity
-1.14▲
2024 · -1.16
ROA
-80.4%▲
2024 · -121.7%
Debt
€59k▲
2024 · €53k
Debt ≤ 1 year
€59k▲
2024 · €53k
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 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7k€7k▲
Fixed assets21/28-€0
Tangible fixed assets22/27-€0
Plant, machinery and equipment23-€0
Furniture and vehicles24-€0
Current assets29/58€7k€7k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€78€235▲
Other amounts receivable41€78€235▲
Cash at bank and in hand54/58€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€7k€7k▲
Equity10/15€-45k€-51k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€-66k€-72k▼
Amounts payable17/49€53k€59k▲
Amounts payable within one year42/48€53k€59k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€22k-
Remuneration and social security454/9€22k-
Other amounts payable47/48€29k€57k▲
Income statement
Code20242025
Other operating charges640/8€651€528▼
Gross operating margin9900€-8k€-5k▲
Operating profit (loss)9901€-9k€-6k▲
Financial charges65/66B€68€74▲
Recurring financial charges65€68€74▲
Profit (loss) for the period before taxes9903€-9k€-6k▲
Profit (loss) for the period9904€-9k€-6k▲
Profit (loss) for the period to be appropriated9905€-9k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-72k▼
Profit (loss) brought forward from the previous period14P€-57k€-66k▼
The notes to these accounts (3 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
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
NBB filing
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
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2008
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.
Spaanskwartier(DKL) 19170 Sint-Gillis-WaasGround area
2,398 m²
Building footprint
459 m²
Volume, LiDAR
2,440 m³
Parcel 46005A0724/00H000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HORIOS
since 20082.173.888.378
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46005A0724/00H000 | Flanders | 2,398 m² | 1 · 458 m² | 8.2 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.
Similar companies · same sector, comparable size
GOBELCO
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PYRO MAGALI
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CFO Centre
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 25,892 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
Founded16-10-2008
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
23410Manufacture of ceramic household and ornamental articles
46499Wholesale of other household goods
47690Retail sale of other cultural and recreation goods
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.