HORIZON VERT
ActiveSummary
The computed 12-month bankruptcy probability of HORIZON VERT is 3.0% (moderate). The annual accounts of HORIZON VERT for fiscal year 2025 show a net loss of 64% of the equity at the start of that year. The 2025 annual accounts show equity of €9k and a net result of €-15k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-68
Solvency48▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.46 in 2024; short-term debt: 76.8% and cash: 22% of total assets), and 76.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
23.2%
Return on assets
-41.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-15k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
30 d late
2022
30 d late
2021
29 d late
2020
5 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0▼ 100%
2024 · €51k
2021: €0lowest value
2024: €51khighest value
2025: €0▼ -100% vs 2024lowest value
2021 → 2025
EBIT margin
0.0%
Net result
€-15k▼ 8,905%
2024 · €-169
2020: €-2k
2021: €19k▲ +914% vs 2020highest in 6 years
2022: €5k▼ -76.3% vs 2021
2023: €1k▼ -69.1% vs 2022
2024: €-169▼ -112% vs 2023
2025: €-15k▼ -8905% vs 2024lowest in 6 years
2020 → 2025
Working capital
€2k▼ 85.2%
2024 · €16k
2020: €-8klowest in 6 years
2021: €5k▲ +169% vs 2020
2022: €12k▲ +118% vs 2021
2023: €14k▲ +14.1% vs 2022
2024: €16k▲ +13.9% vs 2023highest in 6 years
2025: €2k▼ -85.2% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€51k€0▼ 100%
2021: €0lowest value
2024: €51khighest value
2025: €0▼ -100% vs 2024lowest value
Equity€18k-€22k▲ 25.6%€24k▲ 6.3%€24k▼ 0.7%€9k▼ 64.1%
2021: €18k
2022: €22k▲ +25.6% vs 2021
2023: €24k▲ +6.3% vs 2022highest in 5 years
2024: €24k▼ -0.7% vs 2023
2025: €9k▼ -64.1% vs 2024lowest in 5 years
Operating result€22k-€6k▼ 73.6%€2k▼ 69.0%€12▼ 99.3%€-15k
2021: €22khighest in 5 years
2022: €6k▼ -73.6% vs 2021
2023: €2k▼ -69.0% vs 2022
2024: €12▼ -99.3% vs 2023
2025: €-15k▼ -124137% vs 2024lowest in 5 years
Net result€19k-€5k▼ 76.3%€1k▼ 69.1%€-169€-15k▼ 8,905%
2021: €19khighest in 5 years
2022: €5k▼ -76.3% vs 2021
2023: €1k▼ -69.1% vs 2022
2024: €-169▼ -112% vs 2023
2025: €-15k▼ -8905% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €12 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€6k ▼ 49.5%
Current assets
€30k ▼ 38.1%
Equity and liabilities €37k
Equity
€9k ▼ 64.1%
Debt
€28k ▼ 25.6%
Debt's share of the balance-sheet total rises from 61.5% to 76.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-9k▼
2024 · €6k
Cash flow
€-9k▼
2024 · €6k
Current ratio
1.08▼
2024 · 1.46
Quick ratio
0.91▼
2024 · 1.31
Debt to equity
3.31▲
2024 · 1.60
ROE
-178.2%▼
2024 · -0.7%
ROA
-41.4%▼
2024 · -0.3%
Interest coverage
-45.74▼
2024 · 21.05
Debt ≤ 1 year
€28k▼
2024 · €34k
Debt > 1 year
€0▼
2024 · €4k
Staff costs
€982▲
2024 · €65
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€62k€37k▼
Fixed assets21/28€12k€6k▼
Tangible fixed assets22/27€12k€6k▼
Plant, machinery and equipment23€1k€876▼
Furniture and vehicles24€11k€5k▼
Current assets29/58€49k€30k▼
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€38k€16k▼
Trade receivables40€35k€16k▼
Other amounts receivable41€3k€363▼
Cash at bank and in hand54/58€5k€8k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€62k€37k▼
Equity10/15€24k€9k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€23k€8k▼
Amounts payable17/49€38k€28k▼
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€34k€28k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43€158€158=
Credit institutions430/8€158€158=
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Taxes, remuneration and social security45€0€0=
Remuneration and social security454/9€0€0=
Other amounts payable47/48€16k€16k▼
Accrued charges and deferred income492/3€13€0▼
Income statement
Code20242025
Turnover70€51k€0▼
Goods, raw materials, services and sundry goods60/61€45k€0▼
Remuneration, social security and pensions62€65€982▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€549€536▼
Gross operating margin9900€7k€-7k▼
Operating profit (loss)9901€12€-15k▼
Financial income75/76B€110€6▼
Recurring financial income75€110€6▼
Financial charges65/66B€291€194▼
Recurring financial charges65€291€194▼
Profit (loss) for the period before taxes9903€-169€-15k▼
Profit (loss) for the period9904€-169€-15k▼
Profit (loss) for the period to be appropriated9905€-169€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€8k▼
Profit (loss) brought forward from the previous period14P€23k€23k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | €51k | €0 | ▼ 100% |
| Non-recurring operating income76A | €916 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | - | - | €45k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €3k | €2k | €3k | €65 | €982 | ▲ 1,407% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €927 | €6k | €6k | €6k | €6k | = |
| Other operating charges640/8 | €475 | €485 | €533 | €549 | €536 | ▼ 2.3% |
| Gross operating margin9900 | €26k | €14k | €12k | €7k | €-7k | ▼ 209% |
| Operating profit (loss)9901 | €22k | €6k | €2k | €12 | €-15k | ▼ 124,137% |
| Financial income75/76B | €42 | €521 | €325 | €110 | €6 | ▼ 94.4% |
| Recurring financial income75 | €42 | €521 | €325 | €110 | €6 | ▼ 94.4% |
| Financial charges65/66B | €70 | €420 | €331 | €291 | €194 | ▼ 33.3% |
| Recurring financial charges65 | €70 | €420 | €331 | €291 | €194 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €22k | €6k | €2k | €-169 | €-15k | ▼ 8,905% |
| Income taxes67/77 | €2k | €1k | €351 | - | - | - |
| Profit (loss) for the period9904 | €19k | €5k | €1k | €-169 | €-15k | ▼ 8,905% |
| Profit (loss) for the period to be appropriated9905 | €19k | €5k | €1k | €-169 | €-15k | ▼ 8,905% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €66k | €66k | €54k | €62k | €37k | ▼ 40.4% |
| Fixed assets21/28 | €29k | €23k | €18k | €12k | €6k | ▼ 49.5% |
| Tangible fixed assets22/27 | €29k | €23k | €18k | €12k | €6k | ▼ 49.5% |
| Plant, machinery and equipment23 | - | - | €1k | €1k | €876 | ▼ 25.7% |
| Furniture and vehicles24 | €29k | €23k | €17k | €11k | €5k | ▼ 52.1% |
| Current assets29/58 | €38k | €43k | €36k | €49k | €30k | ▼ 38.1% |
| Stocks and contracts in progress3 | €1k | €3k | €13k | €5k | €5k | ▼ 1.5% |
| Stocks30/36 | €1k | €3k | €13k | €5k | €5k | ▼ 1.5% |
| Amounts receivable within one year40/41 | €18k | €22k | €17k | €38k | €16k | ▼ 57.1% |
| Trade receivables40 | €9k | €22k | €16k | €35k | €16k | ▼ 54.2% |
| Other amounts receivable41 | €9k | - | €778 | €3k | €363 | ▼ 88.5% |
| Cash at bank and in hand54/58 | €17k | €18k | €5k | €5k | €8k | ▲ 60.8% |
| Deferred charges and accrued income490/1 | €1k | €651 | €1k | €1k | €1k | ▼ 13.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €66k | €66k | €54k | €62k | €37k | ▼ 40.4% |
| Equity10/15 | €18k | €22k | €24k | €24k | €9k | ▼ 64.1% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €17k | €21k | €23k | €23k | €8k | ▼ 66.9% |
| Amounts payable17/49 | €49k | €43k | €30k | €38k | €28k | ▼ 25.6% |
| Amounts payable after more than one year17 | €16k | €12k | €8k | €4k | €0 | ▼ 100% |
| Financial debts170/4 | €16k | €12k | €8k | €4k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €32k | €31k | €22k | €34k | €28k | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | €4k | €4k | ▲ 1.6% |
| Financial debts43 | - | - | €229 | €158 | €158 | = |
| Credit institutions430/8 | - | - | €229 | €158 | €158 | = |
| Trade debts44 | €17k | €7k | €6k | €13k | €8k | ▼ 41.9% |
| Suppliers440/4 | €17k | €7k | €6k | €13k | €8k | ▼ 41.9% |
| Taxes, remuneration and social security45 | €5k | €8k | €351 | €0 | €0 | - |
| Taxes450/3 | €2k | €7k | €351 | - | - | - |
| Remuneration and social security454/9 | €3k | €1k | €0 | €0 | €0 | - |
| Other amounts payable47/48 | €6k | €11k | €12k | €16k | €16k | ▼ 0.2% |
| Accrued charges and deferred income492/3 | €418 | €0 | - | €13 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €5k | €1k | €-169 | €-15k | ▼ 8,905% |
| + Depreciation and write-downs630 | €927 | €6k | €6k | €6k | €6k | = |
| Operating cash flow (approximation) | €20k | €11k | €8k | €6k | €-9k | ▼ 253% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €0 | - |
| Change in cash | - | €914 | €-13k | €136 | €3k | ▲ 2,138% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.47 to 1.17.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Esneux · 1 establishment unit since 2019
Ground area
1,089 m²
Building footprint
283 m²
Volume, LiDAR
1,837 m³
Parcel 62032D0198/00C000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HORIZON VERT
since 20192.294.043.664
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032D0198/00C000 | Wallonia | 1,088 m² | 1 · 283 m² | 9.0 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.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 2,296 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
Founded02-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43221Plumbing work
Scores and ratios are computed by Checked and are not a credit decision.