HORIZON
ActiveSummary
The computed 12-month bankruptcy probability of HORIZON is 3.7% (moderate). The 2025 annual accounts show negative equity (-€279,056) and a net result of -€289,056. Its solvency ranks better than 10% of 12,519 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 7,638 companies that looked in July 2024 the way this one looks now, 8.9% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.7% 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 497,473 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 74.5% 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 7,638 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €302,117 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €183,102 |
| Other operating charges640/8 | €4,004 |
| Gross operating margin9900 | €244,411 |
| Operating profit (loss)9901 | -€244,812 |
| Financial charges65/66B | €44,244 |
| Recurring financial charges65 | €44,244 |
| Profit (loss) for the period before taxes9903 | -€289,056 |
| Profit (loss) for the period9904 | -€289,056 |
| Profit (loss) for the period to be appropriated9905 | -€289,056 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.8m | |
| Fixed assets21/28 | €1.2m | |
| Tangible fixed assets22/27 | €1.2m | |
| Plant, machinery and equipment23 | €0.1m | |
| Other tangible fixed assets26 | €1.1m | |
| Financial fixed assets28 | €0.002m | |
| Current assets29/58 | €0.5m | |
| Stocks and contracts in progress3 | €0.4m | |
| Stocks30/36 | €0.4m | |
| Amounts receivable within one year40/41 | €0.06m | |
| Trade receivables40 | €0.008m | |
| Other amounts receivable41 | €0.05m | |
| Cash at bank and in hand54/58 | €0.08m | |
| Deferred charges and accrued income490/1 | €0.02m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.8m | |
| Equity10/15 | -€0.3m | |
| Contributions10/11 | €0.01m | |
| Profit (loss) carried forward14 | -€0.3m | |
| Amounts payable17/49 | €2.0m | |
| Amounts payable after more than one year17 | €0.6m | |
| Financial debts170/4 | €0.6m | |
| Amounts payable within one year42/48 | €1.2m | |
| Current portion of amounts payable after more than one year42 | €0.08m | |
| Financial debts43 | €0.3m | |
| Other loans439 | €0.3m | |
| Trade debts44 | €0.6m | |
| Suppliers440/4 | €0.6m | |
| Taxes, remuneration and social security45 | €0.1m | |
| Taxes450/3 | €0.04m | |
| Remuneration and social security454/9 | €0.08m | |
| Other amounts payable47/48 | €0.2m | |
| Accrued charges and deferred income492/3 | €0.3m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€289,056 |
| + Depreciation and write-downs630 | €183,102 |
| Operating cash flow (approximation) | -€105,954 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 28-04-2026 | 2026-00090822 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 to 2025 · 3 entries · €21,910 awarded · €15,362 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €21,322 | €14,774 |
| 2024 | 1 | €588 | €588 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.