Horizon

Active

Public limited companyfounded 199828 yrs activeErtsenrijkstraat 73, 3545 Halen, BelgiumKBO/BCE: BE 0463.254.578

Summary

Horizon has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.0m and a net result of €1.1m. Equity is growing by ~9.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch Report Compare

HorizonActiveChecked score 97/100

Risk analysis Report Compare

Activity

Overgaan tot alle financiële verrichtingen, zoals het aanwerven, bij middel van aankoop of anders…

From the articles, 14 activitiesNo NACE code in the KBO yet1 site

Size

€11.0mtotal assets 2025

Equity: €8.0m
Profit: €1.1m

Turnover not published (abridged schema)

Financial health

97 Excellent Checked score 2025

Bankruptcy chance 12 m: < 0.1%

Structure

Holdings: 1

Accounts 2 d early2 of 11 deeds read

Why 97+ Size: total assets €11.0m+ Equity €8.0m (73.0% of total assets)+ Liquidity: current ratio 2.81, cash €2.8m+ Founded in 1998Show the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Better than 79% of its sector peers (no NACE code, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 98+10

equity 73.0% of total assets

Liquidity 71+23

short-term debt 27.0% · cash 25.0%

Profitability 81-5

return on assets 9.6%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 13 months 10-2025: < 0.1%highest value 11-2025: < 0.1%▼ -44.9% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%▲ +7.4% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%▼ -10.3% vs 08-2026lowest value 10-2026: < 0.1%▲ +19.2% vs 09-2026

Size: total assets €11.0m lowers the probability for this profile
Equity €8.0m (73.0% of total assets) lowers the probability
Liquidity: current ratio 2.81, cash €2.8m lowers the probability
Founded in 1998 lowers the probability for this profile

Credit up to €750,000 at 30 days acceptable

Liquidity ample (current ratio 2.81 against 2.06 in 2024; short-term debt: 27% and cash: 25% of total assets), and 27% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 47%, liquidity 94%, profitability 94%, growth against the median 80%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Size: total assets €11.0m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Equity €8.0m (73.0% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Liquidity: current ratio 2.81, cash €2.8m

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Founded in 1998

In the bankruptcy model this factor lowers the probability for this profile.

KBO

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 filings

Deviation from the deadline

2025

2 d early

2024

2 d early

2023

3 d early

2022

3 d early

2021

25 d late

2020

4 d early

2019

31 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 29 October (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

31-03-2026 close02-10-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

31-08-26 RestructuringMerger · Share issue ·…
10-03-26 RestructuringMerger · Accounting effect ·…
29-10-25 Annual accounts filedfiscal year 2025 · abbreviated…

Key points

Positive: 7 profitable years in a rowprofit 2025: €1.1m 7 years View
Caution: Result fell in 2025from €1.5m to €1.1m ▼ 31.7% View
Positive: Always filed on timeaccounts within the deadline every year 4 years View