HORIZON PLEIADES

Active

Public limited companyfounded 2004active for 22 yearsRue Natalis 2, 4020 Liège, Belgium64 active companies are registered at this addressKBO/BCE: BE 0867.447.640

From 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 is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 21% of 4,797 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.

Risk analysisFollow Report Compare

HORIZON PLEIADESActiveChecked score 47/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 27-09-2004 Normal situation
Legal form: Public limited company
Registered office: Rue Natalis 2, 4020 Liège
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

Company details

Who decides

Board

Steffi ThononDaily manager
HORIZON CONSTRUCT SADirector · since 01-01-2022
MIMOB SADirector · since 01-01-2022

Shareholders

MIMOB81.25%annual accounts 2024
HOLDING MINGUET LEJEUNE18.75%annual accounts 2024

Holdings: Shares in 9 companies including BLONDEN PARKING and FLERON IMMO

Board & ownership

How it is doing

47 Fair Checked score 2024

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, 92 days past the deadline

Filed on 19-12-2025PDF

Financials

Why 47raises riskLiquidity: current ratio 1.20, cash €113,991Figures for financial year 2024 (filed 23-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 141 days late; 2 of the last 3 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 better than 15% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

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, 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).

Sector median 0.2% (26,628 companies, NACE 68, micro)

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 tight (current ratio 1.2, compared with 1.23 in 2023, below the usual 1.5; short-term debt: 68% and cash: 0.3% of total assets), and 97.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 23% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.

raises risk

Liquidity: current ratio 1.20, cash €113,991

NBB · annual accounts

Figures for financial year 2024 (filed 23-12-2025)

NBB · annual accounts

1 financial year not filed after the legal deadline; last filed accounts filed 141 days late; 2 of the last 3 late

NBB · filings

Equity €1.1m (2.9% of total assets)

NBB · annual accounts

Persistent losses

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

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€2.3m

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4797 sector peers (2024).

NBB · sector comparison

Position among 4797 sector peers

Solvency

better than 21%

← weakest strongest →

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, 92 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline31-10-2026 today

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 filings

Deviation 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

This company filed its last 6 accounts on average 57 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: 4 loss-making years in a rowloss financial year 2024 -€2.3m View
Caution: Result fell in 2024from -€612,742 to -€2.3m ▼ 272% View
Caution: Among the weakest 5% on net resultsector median €11,194 · 4,810 companies -€2.3m View
Controlled by MIMOBknown shareholders 100% 81.25% View

Documents

Key facts about HORIZON PLEIADES

What is the company number of HORIZON PLEIADES?: 0867.447.640. In Belgium the VAT number is the company 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?: Public limited company (NV).
When was HORIZON PLEIADES 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?: On average 7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of HORIZON PLEIADES?: ≈ €240,000 in financial year 2024. Estimated from the gross margin of €137,698: probably between €200,000 and €370,000, based on 31 comparable companies, NACE 68310. 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)