Equity
-€60,082
Debts exceed assets in financial year 2026.
HORIOS
Lifetime
17 annual accounts with figures on one time axispeak €70,684 (2016)
-€7,591▼ €2,308
lowest -€26,384 (2014)
-€8,700▼ €2,815
peak €34,253 (2018)
-€60,082▼ €8,700
€68,893▲ 17.4%
Board2 names since 2008
2 directorsVAN TIENEN Marianne and 1 other
Documentsfilings and deeds
28-10-20263 days before the deadline
2026micro format
Gross margin from -€5,283 to -€7,591Loss of €8,700Equity from -€51,382 to -€60,082Debts from €58,705 to €68,893
Key points
from the 2026 annual accountsLosses
-€94,334 in eight years
Every financial year from 2019 to 2026 closed with a loss. 2019 was the heaviest.
Debts
€68,893 782% of the balance sheet
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 12% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025lowest value
05-2025: 0.3%● unchanged vs 04-2025lowest value
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.3%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€60,082
Loss of €8,700, the second in a row (financial year 2026)
lowers risk
Size: total assets €8,811
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 3% of them on solvency, 18% on liquidity, 4% on profitability and 24% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as HORIOS has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HORIOS itself is lower: 0.3% within 12 months. It rests on far more data about HORIOS than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for HORIOS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.13 (0.12 in 2025), below 1. Short-term debt is 781.9% and cash 30.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€60,082
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 28-10-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
3 days early
2025
2 days early
2024
6 days early
2023
26 days early
2022
14 days early
2021
40 days early
2020
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807176491
Reappointments: WEEMAES Eddy (director) and VAN TIENEN Marianne (director)
General meeting of 27-09-2023 · Gazette deed
Incorporation
published on 20-10-2008 · Gazette deed
First establishment
Spaanskwartier 1, Sint-Gillis-Waas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HORIOS Sint-Gillis-Waas | €8,811 | -€7,591 | -681.9% | - |
| LICAS Merelbeke-Melle | €7,875 | -€2,252 | 79.8% | - |
| LOGTHING Ninove | €7,536 | -€4,241 | 44.4% | - |
| VIVA VERDE Destelbergen | €7,777 | -€5,452 | -1161.9% | - |
| BOFSWAY Woluwe-Saint-Pierre | €8,786 | -€617 | -84.3% | - |
| MARCIPONT GUERRIC Ixelles | €9,154 | -€515 | -780.5% | - |
| E.M.C. De Haan | €9,543 | -€628 | -980.8% | - |
These companies have the same main activity as HORIOS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €7,540 and €9,540, founded between 2005 and 2009.
Official details
Source: KBO- Status
- Active since 16-10-2008Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.173.888.3789170 Sint-Gillis-Waas, since 13-10-2008
- Financial year end
- 31 March
- Peppol
- Reachable since 14-01-2026
Annual accounts to 31-03-2026
- €8,811▲ 20.3%
- Filing
- Filed on 28-10-2026, 3 days before the end of the filing period
Insights on HORIOS
HORIOS files the micro format. That format states no turnover. The gross margin fell from -€5,407 in 2010 to -€7,591 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HORIOS
- What is the company number of HORIOS?
- The company number of HORIOS is 0807.176.491. The VAT number is the same number with BE in front: BE 0807.176.491.
- Where is HORIOS based?
- The registered office is at Spaanskwartier 1, 9170 Sint-Gillis-Waas.Company details
- What does HORIOS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of HORIOS?
- HORIOS is a private limited company (BV).
- When was HORIOS founded?
- HORIOS was founded on 16-10-2008.
- Is HORIOS still active?
- Yes, HORIOS is an active enterprise in the KBO register.
- What is the turnover of HORIOS?
- The annual accounts for financial year 2026 state no turnover. The micro format does not require it.Financials
- Is HORIOS profitable?
- In financial year 2026, HORIOS made a loss of €8,700.
- Where can I find the annual accounts of HORIOS?
- HORIOS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of HORIOS due?
- HORIOS must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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