HORIZONS 347
ActiveHORIZONS 347 has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €15k. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+10
Solvency41▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.23 in 2024; short-term debt: 40% and cash: 6% of total assets), and 84.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 84
Relative position
BE, all sectors
reference
Sector 84
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.9%
Return on assets
5.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 45 sector peers (2025).
NBB · sector comparisonPosition among 45 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €47k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 10 filingsDeviation from the deadline
2025
17 d late
2024
29 d late
2023
183 d early
2022
13 d early
2021
13 d early
2020
12 d early
2019
11 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▲ 48.1%
2024 · €32k
2018: €143k
2019: €167k
2020: €191k
2021: €192k
2022: €195k
2023: €27k
2024: €32k
2018 → 2025
Total assets
€297k▲ 1.9%
2024 · €292k
2018: €247k
2019: €255k
2020: €230k
2021: €261k
2022: €246k
2023: €292k
2024: €292k
2018 → 2025
Net result
€15k▲ 216%
2024 · €5k
2018: €2k
2019: €24k
2020: €17k
2021: €285
2022: €3k
2023: €-10k
2024: €5k
2018 → 2025
Working capital
€-78k▲ 16.1%
2024 · €-93k
2018: €36k
2019: €15k
2020: €-5k
2021: €-33k
2022: €-24k
2023: €-256k
2024: €-93k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€192k-€195k▲ 1.5%€27k▼ 86.1%€32k▲ 18.0%€47k▲ 48.1%
Operating result€835-€5k▲ 475%€-10k€12k€27k▲ 116%
Net result€285-€3k▲ 935%€-10k€5k€15k▲ 216%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 116% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292k
Fixed assets
€251k▼ 1.9%
Current assets
€40k▲ 46.7%
Equity and liabilities €297k
Equity
€47k▲ 48.1%
Debt
€250k▼ 3.7%
The debt ratio falls from 89.0% to 84.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €31k
Cash flow
€24k▲
2024 · €24k
Solvency
15.9%▲
2024 · 11.0%
Current ratio
0.34▲
2024 · 0.23
Quick ratio
0.34▲
2024 · 0.23
Debt / equity
5.27▼
2024 · 8.11
ROE
32.5%▲
2024 · 15.2%
ROA
5.2%▲
2024 · 1.7%
Interest coverage
4.85▲
2024 · 4.17
Debt
€250k▼
2024 · €260k
Debt ≤ 1 year
€119k▼
2024 · €121k
Debt > 1 year
€129k▼
2024 · €137k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€292k€297k▲
Formation expenses20€8k€6k▼
Fixed assets21/28€256k€251k▼
Tangible fixed assets22/27€256k€251k▼
Land and buildings22€256k€251k▼
Furniture and vehicles24€509€83▼
Current assets29/58€28k€40k▲
Amounts receivable within one year40/41€21k€22k▲
Trade receivables40€16k€11k▼
Other amounts receivable41€5k€12k▲
Cash at bank and in hand54/58€7k€18k▲
Deferred charges and accrued income490/1€84€473▲
Equity and liabilities
Total equity and liabilities10/49€292k€297k▲
Equity10/15€32k€47k▲
Contributions10/11€20k€20k=
Reserves13-€15k
Distributable reserves133-€15k
Profit (loss) carried forward14€12k€12k▲
Amounts payable17/49€260k€250k▼
Amounts payable after more than one year17€137k€129k▼
Financial debts170/4€137k€129k▼
Amounts payable within one year42/48€121k€119k▼
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€8k€2k▼
Taxes450/3€8k€2k▼
Other amounts payable47/48€102k€102k▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€9k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€34k€38k▲
Operating profit (loss)9901€12k€27k▲
Financial income75/76B€5€12▲
Recurring financial income75€5€12▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€5k€19k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€5k€15k▲
Profit (loss) for the period to be appropriated9905€5k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€27k▲
Profit (loss) brought forward from the previous period14P€7k€12k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-10k ▼445%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €24k ▲908%
Operating result €28k, net result €24k, both a record.
31-12
Financial
Equity above €150kEq €167k ▲16.5%
2 profitable years in a row build equity to €167k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Villers-la-Ville · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Thyle 81495 Villers-la-VilleGround area
1,048 m²
Building footprint
128 m²
Volume, LiDAR
961 m³
Parcel 25098C0365/00S000, Wallonia · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Thyle 8, 1495 Villers-la-Ville
since 20002.093.920.588
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25098C0365/00S000 | Wallonia | 1,048 m² | 1 · 128 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845004R67F91AJ47A22
Similar companies · same sector, comparable size
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BE 0794.297.465
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Inter-Environnement Bruxelles
BE 0414.383.406
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CHAYELL
BE 0738.881.365
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Autism in context
BE 0694.896.221
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Of 145 companies in sector 84120 we hold annual accounts for 37. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2000
Fiscal year end31-12
Activities, NACEBEL
75120
84120Public administration and defence; compulsory social security
58110Book publishing
58130Publishing activities
58140Publishing activities
85592Vocational training
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:h347@horizonsdevie.com
Phone:071/800817