HORIZON SUD

Active

Private limited companyfounded 2001active for 25 yearsAvenue Eugène Mascaux 198B, 6001 Charleroi, BelgiumKBO/BCE: BE 0475.394.327

Summary

HORIZON SUD has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €591,519 and a net result of €241,434. Equity is shrinking by about 7.3% per year across the filed financial years. Its solvency ranks better than 51% of 9,849 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

HORIZON SUDActiveChecked score 97/100

Risk analysis Report Compare

Activity

Installation of electric heating, air conditioning, cooling and ventilation

NACE 43222

1 site

Size

€5.1mturnover 2025

Staff: 16.1 FTE
Equity: €591,519
Profit: €241,434

Net result +213%: other schema

Financial health

97 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: GV Solutions · 100%

GV SOLUTIONSDirector · permanent representative VANHOVE Gérald
LC BATIDirector · permanent representative LAHAYE Christian

2025 accounts 15 days early2 of 5 deeds summarised

Why 97raises riskSector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 2.02, cash €402,757Founded in 2001Equity €591,519 (45.0% of total assets)Show the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 77% of its sector peers (NACE 43, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 70+18

equity 45.0% of total assets

Liquidity 74+15

short-term debt 33.6% · cash 30.6%

Profitability 78+14

return on assets 18.4%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,646 companies, NACE 43, small)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.2%▼ -0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €55,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.02, compared with 1.32 in 2024, above the usual 1.5; short-term debt: 33.6% and cash: 30.6% of total assets), but 55% 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 43, small): better than 61% on solvency, 88% on liquidity, 66% on profitability and 93% on growth.

The bankruptcy probability was computed on 29-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 2.02, cash €402,757

NBB · annual accounts

Founded in 2001

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Specialised construction activities (NACE 43)

KBO

Equity €591,519 (45.0% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

15 days early

2024

13 days early

2023

12 days early

2022

25 days early

2021

23 days late

2020

19 days early

2019

39 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

04-09-2026 Resignation: LC BATI SRL (director)Share transfer · Shareholding
16-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
31-12-2025 Highest result from 2018 to 2025net €241,434 ▲213%

Key points

Positive: Result rose in 2025different schema filed ▲ 213% View
Positive: Among the best 10% on net resultsector median €26,903 · 9,841 companies €241,434 View
Controlled by GV Solutions 100% View
Positive: 3 years of growth in a rowturnover 2025: €5.1m 3 years View
Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year: 2025
Turnover: €5.1m
Profit: €241,434
Solvency: 45.0%

Turnover▲ 40.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 2 members
Parent: GV Solutions · 100%

GV SOLUTIONSDirector
LC BATIDirector

Go to Board & ownership

Timeline

Events: 30
Since: 2003
Next accounts: by 31-07-2027

31-12-2025Equity above €500,000
18-07-2025Annual accounts filed
19-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Installation of electric heating, air conditioning, cooling and…NACE 43222
Founded: 26-07-2001
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 33

Annual meeting: Third Friday of June at 18:30
Purpose: “La prestation de tous services dans le cadre de son objet,y compris la gestion de…” (deed in French)

Go to Articles of association

Key facts about HORIZON SUD

What is the company number of HORIZON SUD?: 0475.394.327. In Belgium the VAT number is the company number with BE in front: BE 0475.394.327.
Where is HORIZON SUD based?: The registered office is at Avenue Eugène Mascaux 198B, 6001 Charleroi.Company details
What does HORIZON SUD do?: According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of HORIZON SUD?: Private limited company (BV).
When was HORIZON SUD founded?: On 26-07-2001.
Is HORIZON SUD still active?: Yes, HORIZON SUD is an active enterprise in the KBO register.
How many employees does HORIZON SUD have?: On average 16.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HORIZON SUD?: €5.1m in financial year 2025, according to the filed annual accounts.
Is HORIZON SUD profitable?: In financial year 2025, HORIZON SUD made a profit of €241,434.
Where can I find the annual accounts of HORIZON SUD?: HORIZON SUD filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HORIZON SUD due?: By 31-07-2027, for financial year 2026.Timeline

Companies related to HORIZON SUD

Parent and group

GV Solutions100%

Comparable companies

E-TECHerentals
MAISON WILLEM et FILSAndenne
FARINELLETintigny
LOUPPEChiny
CAMPSTessenderlo-Ham

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Overview