HORIZON
ActiveSummary
HORIZON has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273,741 and a net result of €138. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.27 in 2024; short-term debt: 21.8% and cash: 29.6% of total assets), and 21.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
78.2%
Return on assets
0%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
59 d early
2023
37 d early
2022
59 d early
2021
54 d early
2020
23 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 7 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€273,741▲ 0.1%
2024 · €273,603
Total assets
€350,161▼ 1.4%
2024 · €355,019
Net result
€138▼ 98.4%
2024 · €8,675
Working capital
€38,362▲ 72.9%
2024 · €22,183
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,289▼ 63.2%€3,611▼ 61.1%€12,544▲ 247%€11,854▼ 5.5%€472▼ 96.0%
Net result€6,941within the sector's middle half▼ 61.7%€2,603within the sector's middle half▼ 62.5%€9,051within the sector's middle half▲ 248%€8,675within the sector's middle half▼ 4.2%€138within the sector's middle half▼ 98.4%
Equity€253,274above the sector's middle half▲ 2.8%€255,876above the sector's middle half▲ 1.0%€264,928above the sector's middle half▲ 3.5%€273,603above the sector's middle half▲ 3.3%€273,741within the sector's middle half▲ 0.1%
Total assets€335,770within the sector's middle half▼ 3.3%€334,708within the sector's middle half▼ 0.3%€347,544within the sector's middle half▲ 3.8%€355,019within the sector's middle half▲ 2.2%€350,161within the sector's middle half▼ 1.4%
Debt€82,497▼ 18.3%€78,831▼ 4.4%€82,616▲ 4.8%€81,416▼ 1.5%€76,421▼ 6.1%
Working capital€3,299within the sector's middle half-€24,842within the sector's middle half€757within the sector's middle half€22,183within the sector's middle half▲ 2,829%€38,362within the sector's middle half▲ 72.9%
Solvency75.4%above the sector's middle half▲ 4.5pp76.4%above the sector's middle half▲ 1.0pp76.2%above the sector's middle half▼ 0.2pp77.1%above the sector's middle half▲ 0.8pp78.2%above the sector's middle half▲ 1.1pp
Current ratio1.04within the sector's middle half▲ 0.080.68within the sector's middle half▼ 0.361.01within the sector's middle half▲ 0.321.27within the sector's middle half▲ 0.261.50within the sector's middle half▲ 0.23
Return on assets (ROA)2.1%within the sector's middle half▼ 3.1pp0.8%within the sector's middle half▼ 1.3pp2.6%within the sector's middle half▲ 1.8pp2.4%within the sector's middle half▼ 0.2pp0.0%within the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 96% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350,161
Fixed assets
€235,378 ▼ 6.4%
Current assets
€114,783 ▲ 10.8%
Equity and liabilities €350,161
Equity
€273,741 ▲ 0.1%
Debt
€76,421 ▼ 6.1%
Debt's share of the balance-sheet total falls from 22.9% to 21.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,513▼
2024 · €27,854
Cash flow
€16,179▼
2024 · €24,675
Debt to equity
0.28▼
2024 · 0.30
ROE
0.1%▼
2024 · 3.2%
Interest coverage
389.46▼
2024 · 619.12
Debt ≤ 1 year
€76,421▼
2024 · €81,416
Income taxes
€294▼
2024 · €3,134
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8,785 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,078 | €13,707 | €16,548 | €16,000 | €16,041 | ▲ 0.3% |
| Other operating charges640/8 | €3,449 | €4,775 | €4,699 | €4,297 | €4,830 | ▲ 12.4% |
| Gross operating margin9900 | €20,816 | €22,093 | €33,791 | €32,151 | €21,343 | ▼ 33.6% |
| Operating profit (loss)9901 | €9,289 | €3,611 | €12,544 | €11,854 | €472 | ▼ 96.0% |
| Financial income75/76B | €209 | €182 | €0 | €0 | €2 | ▲ 1,052% |
| Recurring financial income75 | €209 | €182 | €0 | €0 | €2 | ▲ 1,052% |
| Financial charges65/66B | €160 | €173 | €61 | €45 | €42 | ▼ 5.8% |
| Recurring financial charges65 | €160 | €173 | €61 | €45 | €42 | ▼ 5.8% |
| Profit (loss) for the period before taxes9903 | €9,339 | €3,620 | €12,483 | €11,810 | €432 | ▼ 96.3% |
| Income taxes67/77 | €2,398 | €1,017 | €3,432 | €3,134 | €294 | ▼ 90.6% |
| Profit (loss) for the period9904 | €6,941 | €2,603 | €9,051 | €8,675 | €138 | ▼ 98.4% |
| Profit (loss) for the period to be appropriated9905 | €6,941 | €2,603 | €9,051 | €8,675 | €138 | ▼ 98.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €335,770 | €334,708 | €347,544 | €355,019 | €350,161 | ▼ 1.4% |
| Fixed assets21/28 | €250,638 | €280,718 | €264,170 | €251,420 | €235,378 | ▼ 6.4% |
| Tangible fixed assets22/27 | €250,638 | €280,718 | €264,170 | €251,420 | €235,378 | ▼ 6.4% |
| Land and buildings22 | €250,239 | €246,455 | €237,810 | €232,122 | €224,234 | ▼ 3.4% |
| Plant, machinery and equipment23 | €200 | €200 | €200 | €941 | €591 | ▼ 37.2% |
| Furniture and vehicles24 | €198 | €7,442 | €5,813 | €4,283 | €2,753 | ▼ 35.7% |
| Other tangible fixed assets26 | - | €26,621 | €20,347 | €14,074 | €7,800 | ▼ 44.6% |
| Financial fixed assets28 | - | €0 | - | - | - | - |
| Current assets29/58 | €85,133 | €53,990 | €83,373 | €103,599 | €114,783 | ▲ 10.8% |
| Amounts receivable after more than one year29 | €14,754 | - | - | - | - | - |
| Other amounts receivable291 | €14,754 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €15,084 | €3,524 | €4,237 | €15,407 | €11,268 | ▼ 26.9% |
| Trade receivables40 | €12,927 | €0 | €2,182 | €9,822 | €3,649 | ▼ 62.9% |
| Other amounts receivable41 | €2,157 | €3,524 | €2,055 | €5,585 | €7,619 | ▲ 36.4% |
| Cash at bank and in hand54/58 | €54,845 | €49,082 | €76,665 | €86,898 | €103,515 | ▲ 19.1% |
| Deferred charges and accrued income490/1 | €450 | €1,384 | €2,472 | €1,294 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €335,770 | €334,708 | €347,544 | €355,019 | €350,161 | ▼ 1.4% |
| Equity10/15 | €253,274 | €255,876 | €264,928 | €273,603 | €273,741 | ▲ 0.1% |
| Contributions10/11 | €70,769 | €70,769 | €70,769 | €70,769 | €70,769 | = |
| Capital10 | €70,750 | €70,750 | €70,750 | €70,750 | €70,750 | = |
| Issued capital100 | €70,750 | €70,750 | €70,750 | €70,750 | €70,750 | = |
| Outside capital11 | €19 | €19 | €19 | €19 | €19 | = |
| Share premium1100/10 | €19 | €19 | €19 | €19 | €19 | = |
| Reserves13 | €182,505 | €185,108 | €185,535 | €185,535 | €185,535 | = |
| Non-distributable reserves130/1 | €4,045 | €6,648 | €7,075 | €7,075 | €7,075 | = |
| Legal reserve130 | €4,045 | €6,648 | €7,075 | €7,075 | €7,075 | = |
| Tax-exempt reserves132 | €175,693 | €175,693 | €175,693 | €175,693 | €175,693 | = |
| Distributable reserves133 | €2,767 | €2,767 | €2,767 | €2,767 | €2,767 | = |
| Profit (loss) carried forward14 | €0 | - | €8,624 | €17,300 | €17,437 | ▲ 0.8% |
| Amounts payable17/49 | €82,497 | €78,831 | €82,616 | €81,416 | €76,421 | ▼ 6.1% |
| Amounts payable within one year42/48 | €81,834 | €78,831 | €82,616 | €81,416 | €76,421 | ▼ 6.1% |
| Trade debts44 | €6,894 | €1,870 | €1,099 | €2,601 | €1,954 | ▼ 24.9% |
| Suppliers440/4 | €6,894 | €1,870 | €1,099 | €2,601 | €1,954 | ▼ 24.9% |
| Advances received on contracts in progress46 | - | €2,700 | €5,400 | €0 | - | - |
| Taxes, remuneration and social security45 | €904 | €1,296 | €42 | €2,254 | €161 | ▼ 92.9% |
| Taxes450/3 | €904 | €1,296 | €42 | €2,254 | €161 | ▼ 92.9% |
| Other amounts payable47/48 | €74,036 | €72,966 | €76,075 | €76,560 | €74,306 | ▼ 2.9% |
| Accrued charges and deferred income492/3 | €662 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,941 | €2,603 | €9,051 | €8,675 | €138 | ▼ 98.4% |
| + Depreciation and write-downs630 | €8,078 | €13,707 | €16,548 | €16,000 | €16,041 | ▲ 0.3% |
| Operating cash flow (approximation) | €15,019 | €16,310 | €25,599 | €24,675 | €16,179 | ▼ 34.4% |
| Investment in fixed assets (approximation) | - | -€43,787 | €0 | -€3,249 | €0 | ▲ 100% |
| Change in cash | - | -€5,763 | €27,583 | €10,233 | €16,617 | ▲ 62.4% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €138 ▼98.4%
Net result drops to €138, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €18,109 ▲10.8%
Operating result €25,223, net result €18,109, both a record.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Antwerpen · 1 establishment unit since 1989
Ground area
285 m²
Building footprint
285 m²
Volume, LiDAR
3,662 m³
Parcel 11806F1422/00L003, Flanders · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Mechelsesteenweg 103, 2018 Antwerpen
since 19892.102.641.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1422/00L003 | Flanders | 285 m² | 1 · 285 m² | 19.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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VERHUUR VIAENE
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TRAPPENIERS INVEST
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Of 1,445 companies in sector 77110 we hold annual accounts for 729. 455 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-11-1986
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
Contact
Phone
000000000Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429849263
Also
9925:BE0429849263
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.