HORIZON
ActiveHORIZON has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.14M and a net result of €86k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 669 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
74
/ 100
Healthy▼ -20 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability20▼-80
Solvency86▼-4
Growth78=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 2.93 in 2022), but 58.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
41.6%
Return on assets
1.7%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
110 d late
2022
114 d late
2021
137 d late
2020
131 d late
2019
122 d late
2018
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.14M▲ 12.7%
2022 · €1.90M
2018: €1.80M
2019: €1.75M
2020: €1.53M
2021: €1.49M
2022: €1.90M
2018 → 2024
Total assets
€5.15M▲ 22.0%
2022 · €4.22M
2018: €2.90M
2019: €4.23M
2020: €4.04M
2021: €3.96M
2022: €4.22M
2018 → 2024
Net result
€86k▼ 83.6%
2022 · €524k
2018: €-212k
2019: €-156k
2020: €-94k
2021: €34k
2022: €524k
2018 → 2024
Working capital
€2.19M▲ 45.8%
2022 · €1.50M
2018: €736k
2019: €638k
2020: €860k
2021: €1.25M
2022: €1.50M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€1.75M-€1.53M▼ 12.3%€1.49M▼ 2.8%€1.90M▲ 27.6%€2.14M▲ 12.7%
Operating result€-30k-€-89k▼ 195%€27k€565k▲ 2,024%€488k▼ 13.7%
Net result€-156k-€-94k▲ 39.7%€34k€524k▲ 1,439%€86k▼ 83.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2022.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €5.15M
Fixed assets
€1.42M▼ 27.0%
Current assets
€3.73M▲ 63.9%
Equity and liabilities €5.15M
Equity
€2.14M▲ 12.7%
Debt
€3.01M▲ 29.7%
The debt ratio rises from 54.9% to 58.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€751k▼
2022 · €928k
Cash flow
€349k▼
2022 · €887k
Solvency
41.6%▼
2022 · 45.1%
Current ratio
2.42▼
2022 · 2.93
Quick ratio
2.42▼
2022 · 2.93
Debt / equity
1.40▲
2022 · 1.22
ROE
4.0%▼
2022 · 27.5%
ROA
1.7%▼
2022 · 12.4%
Interest coverage
2.07▼
2022 · 43.37
Debt
€3.01M▲
2022 · €2.32M
Debt ≤ 1 year
€1.54M▲
2022 · €775k
Debt > 1 year
€620k▼
2022 · €1.02M
Income taxes
€116k▲
2022 · €20k
Staff costs
€778k▲
2022 · €611k
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 · 2024 against 2022
Balance sheet
Code20222024
Assets
Total assets20/58€4.22M€5.15M▲
Fixed assets21/28€1.95M€1.42M▼
Intangible fixed assets21-€45k
Tangible fixed assets22/27€1.94M€1.38M▼
Plant, machinery and equipment23€87k-
Furniture and vehicles24€55k€23k▼
Other tangible fixed assets26€1.80M€1.35M▼
Financial fixed assets28€2k€0▼
Current assets29/58€2.28M€3.73M▲
Amounts receivable after more than one year29€950k€0▼
Other amounts receivable291€950k€0▼
Amounts receivable within one year40/41€1.17M€2.31M▲
Trade receivables40€510k€331k▼
Other amounts receivable41€661k€1.97M▲
Cash at bank and in hand54/58€136k€72k▼
Deferred charges and accrued income490/1€19k€1.35M▲
Equity and liabilities
Total equity and liabilities10/49€4.22M€5.15M▲
Equity10/15€1.90M€2.14M▲
Profit (loss) carried forward14€1.44M€1.87M▲
Investment grants15€466k€270k▼
Amounts payable17/49€2.32M€3.01M▲
Amounts payable after more than one year17€1.02M€620k▼
Financial debts170/4€1.02M€620k▼
Amounts payable within one year42/48€775k€1.54M▲
Current portion of amounts payable after more than one year42€173k€200k▲
Trade debts44€411k€955k▲
Suppliers440/4€411k€955k▲
Taxes, remuneration and social security45€162k€386k▲
Taxes450/3€101k€286k▲
Remuneration and social security454/9€61k€101k▲
Accrued charges and deferred income492/3€523k€844k▲
Income statement
Code20222024
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€611k€778k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€363k€263k▼
Other operating charges640/8€6k€10k▲
Gross operating margin9900€1.55M€1.54M▼
Operating profit (loss)9901€565k€488k▼
Financial income75/76B€13€76k▲
Recurring financial income75€13€76k▲
Financial charges65/66B€21k€363k▲
Recurring financial charges65€21k€363k▲
Profit (loss) for the period before taxes9903€544k€202k▼
Income taxes67/77€20k€116k▲
Profit (loss) for the period9904€524k€86k▼
Profit (loss) for the period to be appropriated9905€524k€86k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.44M€1.87M▲
Profit (loss) brought forward from the previous period14P€913k€1.79M▲
Social balance
Average headcount (FTE)908710.112.2▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 110 days late
2024
31-12
Financial
Equity above €2MEq €2.14M ▲12.7%
3 profitable years in a row build equity to €2.14M.
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 114 days late
2022
31-12
Financial
Highest result since 2018net €524k ▲1439%
Operating result €565k, net result €524k, both a record.
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 137 days late
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after 3 loss-making years.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 131 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 89 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
25-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 360 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Bredene · 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.
Kapelstraat 888450 BredeneGround area
2.7 ha
Building footprint
2,226 m²
Volume, LiDAR
14,051 m³
Parcel 35302C0009/00H000, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HORIZON
since 20062.157.598.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302C0009/00H000 | Flanders | 2.7 ha | 1 · 2,226 m² | 12.6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 87 companies in sector 55201 we hold annual accounts for 37. 23 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded07-02-1986
Fiscal year end31-12
Activities, NACEBEL
55201Accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.