HORIZON INTELLIGENCE
ActiveSummary
HORIZON INTELLIGENCE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €130k and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-18
Solvency61▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.8 against 1.18 in 2023; short-term debt: 36.8% and cash: 14.2% of total assets), and 63.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
36.4%
Return on assets
4.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €130k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
5 d early
2022
19 d early
2021
52 d early
2020
22 d early
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€130k▲ 13.0%
2023 · €115k
Total assets
€356k▲ 18.3%
2023 · €301k
Net result
€15k▼ 73.4%
2023 · €56k
Working capital
€-26k
2023 · €33k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€21k€14k▼ 33.4%€88k▲ 546%€71k▼ 19.4%€16k▼ 77.2%
Net result€15k€8k▼ 48.8%€76k▲ 888%€56k▼ 26.8%€15k▼ 73.4%
Equity€-25k▲ 37.6%€-17k▲ 30.8%€59k€115k▲ 94.7%€130k▲ 13.0%
Total assets€145k▲ 35.7%€148k▲ 1.6%€235k▲ 59.0%€301k▲ 28.2%€356k▲ 18.3%
Debt€170k▲ 15.7%€165k▼ 3.2%€176k▲ 6.5%€186k▲ 5.9%€226k▲ 21.7%
Working capital€32k▲ 333%€25k▼ 21.2%€29k▲ 15.2%€33k▲ 12.1%€-26k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €356k
Fixed assets
€251k ▲ 206%
Current assets
€105k ▼ 52.2%
Equity and liabilities €356k
Equity
€130k ▲ 13.0%
Debt
€226k ▲ 21.7%
Debt's share of the balance-sheet total rises from 61.9% to 63.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€103k▼
2023 · €108k
Cash flow
€102k▲
2023 · €93k
Current ratio
0.80▼
2023 · 1.18
Debt to equity
1.75▲
2023 · 1.62
ROE
11.5%▼
2023 · 48.6%
ROA
4.2%▼
2023 · 18.6%
Interest coverage
52.51▲
2023 · 30.14
Debt ≤ 1 year
€131k▼
2023 · €186k
Income taxes
€0▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | €0 | €120 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €31k | €23k | €37k | €87k | ▲ 137% |
| Other operating charges640/8 | - | €423 | €409 | €27k | €387 | ▼ 98.6% |
| Non-recurring operating charges66A | - | - | €908 | €0 | - | - |
| Gross operating margin9900 | €47k | €45k | €113k | €135k | €104k | ▼ 23.1% |
| Operating profit (loss)9901 | €21k | €14k | €88k | €71k | €16k | ▼ 77.2% |
| Financial income75/76B | - | €2 | €2k | €37 | €570 | ▲ 1,453% |
| Recurring financial income75 | €5 | €2 | €2k | €37 | €570 | ▲ 1,453% |
| Financial charges65/66B | - | €6k | €6k | €4k | €2k | ▼ 45.1% |
| Recurring financial charges65 | €5k | €6k | €6k | €4k | €2k | ▼ 45.1% |
| Profit (loss) for the period before taxes9903 | €15k | €8k | €84k | €68k | €15k | ▼ 78.0% |
| Income taxes67/77 | €0 | - | €8k | €12k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €15k | €8k | €76k | €56k | €15k | ▼ 73.4% |
| Profit (loss) for the period to be appropriated9905 | €15k | €8k | €76k | €56k | €15k | ▼ 73.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145k | €148k | €235k | €301k | €356k | ▲ 18.3% |
| Fixed assets21/28 | €53k | €22k | €58k | €82k | €251k | ▲ 206% |
| Intangible fixed assets21 | €53k | €22k | €54k | €78k | €250k | ▲ 219% |
| Tangible fixed assets22/27 | - | €617 | €4k | €4k | €1k | ▼ 61.8% |
| Furniture and vehicles24 | - | €617 | €4k | €4k | €1k | ▼ 61.8% |
| Current assets29/58 | €93k | €125k | €177k | €219k | €105k | ▼ 52.2% |
| Amounts receivable within one year40/41 | €33k | €40k | €80k | €53k | €53k | ▲ 1.4% |
| Trade receivables40 | - | €40k | €80k | €45k | €35k | ▼ 20.2% |
| Other amounts receivable41 | - | €0 | - | €8k | €18k | ▲ 118% |
| Cash at bank and in hand54/58 | €60k | €85k | €96k | €166k | €51k | ▼ 69.4% |
| Deferred charges and accrued income490/1 | - | €4 | €818 | €425 | €418 | ▼ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145k | €148k | €235k | €301k | €356k | ▲ 18.3% |
| Equity10/15 | €-25k | €-17k | €59k | €115k | €130k | ▲ 13.0% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Reserves13 | €2k | €2k | €46k | €102k | €117k | ▲ 14.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €44k | €100k | €115k | ▲ 14.9% |
| Profit (loss) carried forward14 | €-40k | €-32k | €0 | - | - | - |
| Amounts payable17/49 | €170k | €165k | €176k | €186k | €226k | ▲ 21.7% |
| Amounts payable after more than one year17 | €110k | €64k | €28k | €0 | - | - |
| Financial debts170/4 | - | €64k | €28k | €0 | - | - |
| Amounts payable within one year42/48 | €60k | €100k | €147k | €186k | €131k | ▼ 29.7% |
| Current portion of amounts payable after more than one year42 | - | €37k | €38k | €28k | €0 | ▼ 100% |
| Financial debts43 | - | €1k | €2k | €2k | €10k | ▲ 343% |
| Credit institutions430/8 | - | €1k | - | - | €6k | - |
| Other loans439 | - | - | €2k | €2k | €4k | ▲ 71.6% |
| Trade debts44 | €55k | €37k | €62k | €74k | €83k | ▲ 12.6% |
| Suppliers440/4 | - | €37k | €62k | €74k | €83k | ▲ 12.6% |
| Taxes, remuneration and social security45 | - | €11k | €38k | €24k | €12k | ▼ 48.4% |
| Taxes450/3 | - | €6k | €15k | €20k | €8k | ▼ 59.3% |
| Remuneration and social security454/9 | - | €5k | €22k | €4k | €4k | ▲ 7.3% |
| Other amounts payable47/48 | - | €15k | €8k | €58k | €26k | ▼ 55.6% |
| Accrued charges and deferred income492/3 | - | €787 | €19 | €20 | €96k | ▲ 475,978% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €8k | €76k | €56k | €15k | ▼ 73.4% |
| + Depreciation and write-downs630 | €26k | €31k | €23k | €37k | €87k | ▲ 137% |
| Operating cash flow (approximation) | €41k | €39k | €100k | €93k | €102k | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | €-760 | €-59k | €-61k | €-256k | ▼ 322% |
| Change in cash | - | €25k | €11k | €70k | €-115k | ▼ 264% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €115k ▲94.7%
4 profitable years in a row build equity to €115k.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €76k ▲888%
Operating result €88k, net result €76k, both a record.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Elsene · 1 establishment unit since 2014
Ground area
448 m²
Building footprint
447 m²
Volume, LiDAR
5,351 m³
Parcel 21009A0978/00X002, Brussels · tallest building 24.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Horizon Intelligence
since 20142.234.399.651
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0978/00X002 | Brussels | 448 m² | 1 · 447 m² | 24.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2024 · 1 entry · 481,424 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 481,424 EUR |
Projects
AI4COPSEC - SECURITY ENHANCEMENT THROUGH HETEROGENEOUS DATA FUSION AND IMPROVED AI/ML-POWERED COPERNICUS MARITIME AND BORDER SURVEILLANCE SERVICES
European research
1 project · 481,425 EUR EU contributionProgrammes
Horizon Europe
Projects
Security enhancement through heterogeneous data fusion and improved AI/ML-powered Copernicus maritime and border surveillance services
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 15,427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-07-2014
Fiscal year end31-12
Abbreviation FR
HOZINT
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.