HORIZON BLEU

Active

Private limited companyfounded 20205 yrs activeGemeenschappenlaan 100, 1200 Sint-Lambrechts-Woluwe, BelgiumKBO/BCE: BE 0754.877.457

The computed 12-month bankruptcy probability of HORIZON BLEU is 1.6% (moderate). The 2024 annual accounts show equity of €281 and a net result of €-7k. Equity is shrinking by ~55.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 17% of 4829 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

30 / 100

Weak▲ +3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency23▼-11

Growth32=

Stability94

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 1.54), but 100% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

Return on assets

-0.6%

Age of the figures

20 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

21222324

2021 to 2024 · latest year -€7k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4829 sector peers (2024).

NBB · sector comparison

Position among 4829 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

77 d early

2023

29 d late

2022

60 d late

2021

96 d late

← before the deadline after the 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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-7k▲ 12.0%

2023 · €-8k

2021: €-2k 2022: €-1k 2023: €-8k

2021 → 2024

Working capital

€433k▼ 59.7%

2023 · €1.08M

2022: €15k 2023: €1.08M

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€16k-€15k▼ 7.9%€7k▼ 52.2%€281▼ 96.1%

Operating result€-2k-€-1k▲ 46.8%€-4k▼ 242%€-6k▼ 63.1%

Net result€-2k-€-1k▲ 42.0%€-8k▼ 512%€-7k▲ 12.0%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €6k in 2024 against €4k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.24M

99.9%

Fixed assets €662▼ 38.2%

Current assets €1.24M▲ 14.9%

Equity and liabilities €1.24M

100.0%

Equity €281▼ 96.1%

Debt €1.24M▲ 15.6%

The debt ratio rises from 99.3% to 100.0%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-6k▼

2023 · €-4k

Cash flow

€-7k▲

2023 · €-8k

Solvency

0.0%▼

2023 · 0.7%

Current ratio

1.54

Quick ratio

0.00▼

2023 · 0.79

ROA

-0.6%▲

2023 · -0.7%

Interest coverage

-13.48▼

2023 · -0.98

Debt

€1.24M▲

2023 · €1.07M

Debt ≤ 1 year

€808k▲

2023 · €4k

Debt > 1 year

€434k▼

2023 · €1.07M

Equity ratios withheld: equity of €281 is too small for a meaningful ratio.

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 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.08M€1.24M▲

Fixed assets21/28€1k€662▼

Tangible fixed assets22/27€1k€662▼

Furniture and vehicles24€1k€662▼

Current assets29/58€1.08M€1.24M▲

Stocks and contracts in progress3€1.08M€1.24M▲

Stocks30/36€1.08M€1.24M▲

Cash at bank and in hand54/58€3k€207▼

Equity and liabilities

Total equity and liabilities10/49€1.08M€1.24M▲

Equity10/15€7k€281▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€-11k€-18k▼

Amounts payable17/49€1.07M€1.24M▲

Amounts payable after more than one year17€1.07M€434k▼

Financial debts170/4€700k€0▼

Other amounts payable178/9€371k€434k▲

Amounts payable within one year42/48€4k€808k▲

Current portion of amounts payable after more than one year42-€700k

Financial debts43€4k€2k▼

Credit institutions430/8€4k€2k▼

Trade debts44€0€106k▲

Suppliers440/4€0€106k▲

Accrued charges and deferred income492/3-€24

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€157€409▲

Other operating charges640/8€384€580▲

Gross operating margin9900€-3k€-5k▼

Operating profit (loss)9901€-4k€-6k▼

Financial income75/76B€1€0▼

Recurring financial income75€1€0▼

Financial charges65/66B€4k€451▼

Recurring financial charges65€4k€451▼

Profit (loss) for the period before taxes9903€-8k€-7k▲

Profit (loss) for the period9904€-8k€-7k▲

Profit (loss) for the period to be appropriated9905€-8k€-7k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-11k€-18k▼

Profit (loss) brought forward from the previous period14P€-4k€-11k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

15-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

29-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 29 days late

2023

31-12

Financial Weakest financial yearnet €-8k

Net result drops to €-8k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity triplescurrent ratio 289.88

Current ratio from 87.15 to 289.88.

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

04-11

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 96 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Gemeenschappenlaan 1001200 Sint-Lambrechts-Woluwe

Ground area

1.2 ha

Building footprint

1,577 m²

Volume, LiDAR

28,501 m³

2 parcels, Brussels, Wallonia · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

Horizon Bleu

Drève de la Meute 18, 1410 WaterlooResidential care activities

since 20202.308.805.777

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25763I0326/00C000	Wallonia	9,890 m²	1 · 507 m²	21.1 m · 2 fl.
21018A0151/00E000	Brussels	2,591 m²	1 · 1,070 m²	27.7 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Mai-son deux

BE 0794.596.185

Grobbendonk · Eq €282

IMMO-TION

BE 0797.113.633

Rixensart · Eq €275

STRAIGHT TO THE POINT

BE 0704.763.792

Ham-sur-Heure-Nalinnes · Eq €288

Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 318 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded25-09-2020

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.