Horizon Energy

Active

Public limited companyfounded 20205 yrs activeVosseschijnstraat 140, 2030 Antwerpen, BelgiumKBO/BCE: BE 0755.664.741

The computed 12-month bankruptcy probability of Horizon Energy is 2.1% (moderate). The 2024 annual accounts show equity of €5.12M and a net result of €114k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 1846 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

51 / 100

Fair▲ +18 vs 2023

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

Axes · tick = 2023

Profitability11▲+11

Solvency32▲+22

Growth78▲+46

Stability94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €260k at 30 days acceptable

Liquidity tight (current ratio 1.37 against 0.96 in 2023), and 80.8% 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

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

19.2%

Return on assets

0.4%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1846 sector peers (2024).

NBB · sector comparison

Position among 1846 sector peers

Solvency

better than 21%

← weakest strongest →

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €5.1M

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

21 d early

2022

32 d early

2021

9 d early

← 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, abbreviated schema

Equity

€5.12M▲ 61,940%

2023 · €8k

2021: €99k 2022: €29k 2023: €8k

2021 → 2024

Total assets

€26.68M▲ 553%

2023 · €4.08M

2021: €284k 2022: €213k 2023: €4.08M

2021 → 2024

Net result

€114k

2023 · €-21k

2021: €-1k 2022: €-70k 2023: €-21k

2021 → 2024

Working capital

€7.16M

2023 · €-149k

2021: €-139k 2022: €-163k 2023: €-149k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€99k-€29k▼ 70.4%€8k▼ 71.7%€5.12M▲ 61,940%

Operating result€-1k-€-70k▼ 5,814%€-21k▲ 70.4%€1.19M

Net result€-1k-€-70k▼ 4,610%€-21k▲ 70.3%€114k

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €1.19M after a loss of €21k in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €26.68M

99.6%

Fixed assets €109k▼ 30.5%

Current assets €26.57M▲ 577%

Equity and liabilities €26.68M

19.2%

80.8%

Equity €5.12M▲ 61,940%

Debt €21.56M▲ 429%

The debt ratio falls from 99.8% to 80.8%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.24M▲

2023 · €25k

Cash flow

€163k▲

2023 · €25k

Solvency

19.2%▲

2023 · 0.2%

Current ratio

1.37▲

2023 · 0.96

Quick ratio

1.29▲

2023 · 0.81

Debt / equity

4.21

ROE

2.2%▲

2023 · -252.8%

ROA

0.4%▲

2023 · -0.5%

Interest coverage

1.06▼

2023 · 259.94

Debt

€21.56M▲

2023 · €4.08M

Debt ≤ 1 year

€19.42M▲

2023 · €4.08M

Debt > 1 year

€2.00M

Income taxes

€9k

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€4.08M€26.68M▲

Formation expenses20€616€280▼

Fixed assets21/28€157k€109k▼

Intangible fixed assets21€135k€90k▼

Tangible fixed assets22/27€10k€8k▼

Furniture and vehicles24€10k€8k▼

Financial fixed assets28€12k€12k=

Current assets29/58€3.93M€26.57M▲

Stocks and contracts in progress3€640k€1.57M▲

Stocks30/36€640k€1.57M▲

Amounts receivable within one year40/41€1.74M€17.27M▲

Trade receivables40€1.71M€14.81M▲

Other amounts receivable41€31k€2.45M▲

Cash at bank and in hand54/58€1.54M€7.06M▲

Deferred charges and accrued income490/1€4k€678k▲

Equity and liabilities

Total equity and liabilities10/49€4.08M€26.68M▲

Equity10/15€8k€5.12M▲

Contributions10/11€101k€5.10M▲

Capital10€100k€5.10M▲

Issued capital100€100k€5.10M▲

Outside capital11€1k€1k=

Other1109/19€1k€1k=

Reserves13-€1k

Non-distributable reserves130/1-€1k

Legal reserve130-€1k

Profit (loss) carried forward14€-93k€20k▲

Amounts payable17/49€4.08M€21.56M▲

Amounts payable after more than one year17-€2.00M

Financial debts170/4-€2.00M

Amounts payable within one year42/48€4.08M€19.42M▲

Financial debts43-€17.22M

Credit institutions430/8-€17.22M

Trade debts44€4.08M€2.11M▼

Suppliers440/4€4.08M€2.11M▼

Taxes, remuneration and social security45-€84k

Taxes450/3-€84k

Accrued charges and deferred income492/3-€143k

Income statement Code20232024

Remuneration, social security and pensions62€177-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€49k▲

Other operating charges640/8€493€753▲

Gross operating margin9900€26k€1.24M▲

Operating profit (loss)9901€-21k€1.19M▲

Financial income75/76B-€101k

Recurring financial income75-€101k

Financial charges65/66B€96€1.17M▲

Recurring financial charges65€96€1.17M▲

Profit (loss) for the period before taxes9903€-21k€123k▲

Income taxes67/77-€9k

Profit (loss) for the period9904€-21k€114k▲

Profit (loss) for the period to be appropriated9905€-21k€114k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-93k€21k▲

Profit (loss) brought forward from the previous period14P€-72k€-93k▼

Transfer to equity691/2-€1k

To the legal reserve6920-€1k

The notes to these accounts (11 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 7Financial 3Filings 4

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

31-12

Financial Back to profitnet €114k

Net result €114k after 3 loss-making years.

31-12

Financial Equity above €5MEq €5.12M ▲61940%

Equity rises from €8k to €5.12M.

10-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

29-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €-70k

Net result drops to €-70k, the lowest in the series; recovery starts the following year.

22-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

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

Directors · office · real estate

Directors

4 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, Antwerpen · 1 establishment unit since 2020

establishment approximate 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.

Vosseschijnstraat 1402030 Antwerpen

Ground area

1.7 ha

Building footprint

1.0 ha

Volume, LiDAR

105,085 m³

Parcel 11807G1708/00Z002, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Vans Sea Bunkers

Vosseschijnstraat 140, 2030 AntwerpenWholesale trade

since 20202.308.253.174

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11807G1708/00Z002	Flanders	1.7 ha	1 · 1.0 ha	12.4 m · 3 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.

Recognitions · licences · registrations

Legal Entity Identifier

254900H4O7R3KQRWDZ18

live in the LEI register

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Of 12,449 companies in sector 49410 we hold annual accounts for 8,086. 1,713 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded05-10-2020

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

46810Wholesale of solid, liquid and gaseous fuels and related products

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.