Financials
- Fiscal year
- 2025
- Total assets
- €3.2m
- Profit
- €61,173
- Solvency
- 91.0%
Total assets▲ 22.5%
Net result
20182025
HORIZON
ActiveSummary
HORIZON has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €61,173. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 92% of 9138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Wholesale trade
NACE 46220Air transport NACE 51220
1 site
Size
€3.2mtotal assets 2025
- Equity
- €2.9m
- Profit
- €61,173
Turnover not published (abridged schema)
Structure
Accounts 137 d early0 of 8 deeds read
Why 98+ Size: total assets €3.2m+ Figures for FY 2025 (filed 16-03-2026)+ Founded in 1998+ Equity €2.9m (91.0% of total assets)Show the evidence
Checked score
Score 2025
98
/ 100
Excellent
Probability in this band: under 0.55%
Better than 82% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100+9
equity 91.0% of total assets
Liquidity
58+15
short-term debt 9.0% · cash 6.2%
Profitability
71-4
return on assets 1.9%
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 24 months
11-2024: 0.1%
12-2024: 0.1%● 0.0% vs 11-2024
01-2025: 0.1%● 0.0% vs 12-2024
02-2025: 0.1%▲ +3.1% vs 01-2025
03-2025: 0.1%▲ +4.5% vs 02-2025
04-2025: 0.1%▲ +10.0% vs 03-2025
05-2025: 0.1%▲ +9.1% vs 04-2025
06-2025: 0.1%▲ +4.8% vs 05-2025
07-2025: 0.1%▲ +55.7% vs 06-2025
08-2025: 0.3%▲ +96.4% vs 07-2025
09-2025: 0.3%▲ +22.7% vs 08-2025highest value
10-2025: < 0.1%▼ -85.8% vs 09-2025
11-2025: < 0.1%● 0.0% 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%▲ +14.9% vs 02-2026
04-2026: < 0.1%▼ -25.9% 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%▼ -2.5% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Size: total assets €3.2m lowers the probability for this profile
- Figures for FY 2025 (filed 16-03-2026) lowers the probability
- Founded in 1998 lowers the probability for this profile
- Equity €2.9m (91.0% of total assets) lowers the probability
Credit up to €280,000 at 30 days acceptable
Liquidity ample (current ratio 4.77 against 1.66 in 2024; short-term debt: 9% and cash: 6.2% of total assets), and 9% 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 (NACE 46, small). Better than this share of them on solvency 92%, liquidity 77%, profitability 63%, growth against the median 94%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 16-03-2026, 137 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
137 d early
2024
28 d late
2023
5 d early
2022
32 d early
2021
30 d early
2020
26 d early
2019
31 d early
← 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 33 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 1 July (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Liquidity triplescurrent ratio 4.77
- Equity above €2mEq €2.9m ▲68.8%
Key points
By topic
Timeline
- Events
- 17
- Since
- 2017
- Next accounts
- by 31-07-2027
- 16-03-2026Annual accounts filed
- 31-12-2025Liquidity triples
- 31-12-2025Equity above €2m
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46220
- Founded
- 29-06-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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