Subsidiaries and holdings
- HAVETTE IMMO100%
- HORIZON CONSTRUCT100%
- LES VILLAS DE BALMORAL100%
- MABOTTE100%
- POSSON100%
- RESEAU D’EAUX PURIFIEES100%
- ATHENA HMW75%
HORIZON PLEIADES
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of HORIZON PLEIADES is 3.8% (moderate). The annual accounts of HORIZON PLEIADES for financial year 2024 show a net loss of 67% of the equity at the start of that year. The 2024 annual accounts show equity of €1.1m and a net result of -€2.3m. Equity has been shrinking by about 14% per year since 2018. Its solvency ranks better than 21% of 4,796 sector peers (NACE 68, financial year 2024). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 27-09-2004 Normal situation
- Registered office
- 64 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Real estate agency activities NACE 68310and 2 others
- Establishment unit
- 2.144.271.706 4020 Liège, since 01-10-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Board and ownership
Board
- Steffi ThononDaily manager
- HORIZON CONSTRUCT SADirector · since 01-01-2022
- MIMOB SADirector · since 01-01-2022
Shareholders
- Holdings
- Shares in 9 companies including BLONDEN PARKING and FLERON IMMO
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.8%
Annual accounts 2024
- Gross margin
- €137,698
- ▼ 58.1%
- Turnover
- ≈ €240,000
- estimated
- Loss
- €2.3m
- ▲ 272%
- Equity
- €1.1m
- ▼ 66.6%
- Total assets
- €39.3m
- ▲ 0.3%
- Staff
- 7 FTE
- ▼ 6.7%
2025 accounts not filed, 93 days past the deadline
Filed on 19-12-2025PDF
Score breakdownraises riskLiquidity: current ratio 1.20, cash €113,991Figures for financial year 2024 (filed on 23-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 141 days late; 2 of the last 3 accounts lateEquity €1.1m (2.9% of total assets)Show the evidence
Checked score
Score 2024
47
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 15% of micro companies in real estate (NACE 68)
Financial strength · tick: 2023
Weak
Solvency
28-6
equity 2.9% of total assets
Liquidity
14-3
short-term debt 68.0% · cash 0.3%
Profitability
12-5
return on assets -5.8%
Bankruptcy probability within 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.4%
12-2024: 1.4%● unchanged vs 11-2024
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025lowest value
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.5%▲ +0.1 percentage points vs 05-2025
07-2025: 1.7%▲ +0.2 percentage points vs 06-2025
08-2025: 2.1%▲ +0.4 percentage points vs 07-2025
09-2025: 2.4%▲ +0.3 percentage points vs 08-2025
10-2025: 2.9%▲ +0.5 percentage points vs 09-2025
11-2025: 3.0%▲ +0.1 percentage points vs 10-2025
12-2025: 3.3%▲ +0.3 percentage points vs 11-2025
01-2026: 2.2%▼ -1.1 percentage points vs 12-2025
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.2%● unchanged vs 02-2026
04-2026: 2.2%● unchanged vs 03-2026
05-2026: 2.2%● unchanged vs 04-2026
06-2026: 2.3%▲ +0.1 percentage points vs 05-2026
07-2026: 2.2%▼ -0.1 percentage points vs 06-2026
08-2026: 2.9%▲ +0.7 percentage points vs 07-2026
09-2026: 3.1%▲ +0.2 percentage points vs 08-2026
10-2026: 3.8%▲ +0.7 percentage points vs 09-2026highest value
Credit of up to €50,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.2 (1.23 in 2023), below the usual 1.5. Short-term debt is 68% and cash 0.3% of total assets. 97.1% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 23% of them on solvency, 13% on liquidity, 14% on profitability and 9% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€2.3m
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4796 sector peers (2024).
NBB · sector comparisonPosition among 4796 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 141 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-12-2025, 141 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
141 days late
2023
30 days late
2022
31 days late
2021
39 days late
2020
31 days late
2019
70 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 57 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Key points
Companies linked to HORIZON PLEIADES
Comparable companies
These companies have the same main activity as HORIZON PLEIADES: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €16m and €82m, founded between 1992 and 2010.
| Company | Total assets | Gross margin |
|---|---|---|
| HORIZON PLEIADES Liège | €39.3m | €0.1m |
| Securex Immo Etterbeek | €33.3m | €0.2m |
| LIEGE AIRPORT BUSINESS PARK Grâce-Hollogne | €82.3m | - |
| PALLEN INVEST Knokke-Heist | €22.2m | €0.08m |
| FASTIMMO Tielt | €16.0m | €0.4m |
| ROZENVELD Kontich | €73.8m | €0.3m |
| PAPAROTI & Co Antwerpen | €19.9m | €0.3m |
Documents
Annual accounts at the NBB
- Annual accounts 2024filed on 19-12-2025
- Annual accounts 2023filed on 30-08-2024
- Annual accounts 2022filed on 31-08-2023
- Annual accounts 2021filed on 08-09-2022
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 12-09-2023
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 0867.447.640
Key facts about HORIZON PLEIADES
- What is the company number of HORIZON PLEIADES?
- The company number of HORIZON PLEIADES is 0867.447.640. The VAT number is the same number with BE in front: BE 0867.447.640.
- Where is HORIZON PLEIADES based?
- The registered office is at Rue Natalis 2, 4020 Liège.Company details
- What does HORIZON PLEIADES do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of HORIZON PLEIADES?
- The legal form of HORIZON PLEIADES is Public limited company (NV).
- When was HORIZON PLEIADES founded?
- HORIZON PLEIADES was founded on 27-09-2004.
- Is HORIZON PLEIADES still active?
- Yes, HORIZON PLEIADES is an active enterprise in the KBO register.
- How many employees does HORIZON PLEIADES have?
- HORIZON PLEIADES had an average of 7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of HORIZON PLEIADES?
- The turnover in financial year 2024 is ≈ €240,000. This figure is estimated from the gross margin of €137,698 and 31 comparable companies (NACE 68310). It probably lies between €200,000 and €370,000. In financial year 2019 turnover was €3.9m.
- Is HORIZON PLEIADES profitable?
- In financial year 2024, HORIZON PLEIADES made a loss of €2.3m.
- Where can I find the annual accounts of HORIZON PLEIADES?
- HORIZON PLEIADES filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)
Next steps
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