HORIZONT VZW

Active

Non-profit associationfounded 200323 yrs activeAlbrecht Rodenbachstraat 20, 3500 Hasselt, BelgiumKBO/BCE: BE 0480.586.302

Summary

HORIZONT VZW has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €453k and a net result of €-44k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 49% of 615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

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Checked score

Score 2024

75 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability8▼-68

Solvency84▼-12

Growth44▼-23

Track record100

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €25k at 30 days acceptable

Liquidity ample (current ratio 4.69 against 3.75 in 2023; short-term debt: 21.1% and cash: 57.1% of total assets), and 41% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 88

Relative position

BE, all sectors

reference

Sector 88

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

59%

Return on assets

-5.8%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

43 d early

2022

39 d early

2021

32 d early

2020

92 d early

2019

46 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€297k▼ 15.6%

2023 · €352k

2018: €168k 2019: €204k 2020: €36k 2021: €104k 2022: €167k 2023: €352k

2018 → 2024

EBIT margin

-14.5%▼ 27.9pp

2023 · 13.4%

2018: 18.0% 2019: 5.4% 2020: 190.5% 2021: -20.8% 2022: -63.1% 2023: 13.4%

2018 → 2024

Net result

€-44k

2023 · €46k

2018: €43k 2019: €11k 2020: €54k 2021: €-23k 2022: €-106k 2023: €46k

2018 → 2024

Working capital

€597k▲ 18.2%

2023 · €506k

2018: €511k 2019: €547k 2020: €606k 2021: €566k 2022: €508k 2023: €506k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€36k-€104k▲ 190%€167k▲ 59.6%€352k▲ 111%€297k▼ 15.6%

Equity€579k-€556k▼ 3.9%€451k▼ 19.0%€497k▲ 10.2%€453k▼ 8.9%

Operating result€69k-€-22k€-105k▼ 385%€47k€-43k

Net result€54k-€-23k€-106k▼ 368%€46k€-44k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €43k after €47k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €766k

99.1%

Fixed assets €7k ▼ 7.7%

Current assets €760k ▲ 10.2%

Equity and liabilities €766k

59.0%

41.0%

Equity €453k ▼ 8.9%

Debt €314k ▲ 56.8%

Debt's share of the balance-sheet total rises from 28.7% to 41.0%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-43k▼

2023 · €48k

Cash flow

€-44k▼

2023 · €47k

Current ratio

4.69▲

2023 · 3.75

Debt to equity

0.69▲

2023 · 0.40

ROE

-9.8%▼

2023 · 9.3%

ROA

-5.8%▼

2023 · 6.6%

Interest coverage

-44.33▼

2023 · 51.89

Debt ≤ 1 year

€162k▼

2023 · €184k

Staff costs

€604k▲

2023 · €599k

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 · 2024 against 2023 · 42 lines

Balance sheet Code20232024

Assets

Total assets20/58€697k€766k▲

Fixed assets21/28€7k€7k▼

Tangible fixed assets22/27€7k€7k▼

Plant, machinery and equipment23€7k€7k▼

Current assets29/58€689k€760k▲

Amounts receivable within one year40/41€275k€210k▼

Trade receivables40€252k€178k▼

Other amounts receivable41€23k€32k▲

Cash at bank and in hand54/58€340k€438k▲

Deferred charges and accrued income490/1€74k€112k▲

Equity and liabilities

Total equity and liabilities10/49€697k€766k▲

Equity10/15€497k€453k▼

Contributions10/11-€39k

Capital10-€39k

Reserves13€251k€251k=

Profit (loss) carried forward14€206k€162k▼

Amounts payable17/49€200k€314k▲

Amounts payable within one year42/48€184k€162k▼

Trade debts44€62k€83k▲

Suppliers440/4€62k€83k▲

Taxes, remuneration and social security45€55k€49k▼

Taxes450/3€2k€691▼

Remuneration and social security454/9€52k€48k▼

Accrued charges and deferred income492/3€16k€152k▲

Income statement Code20232024

Turnover70€352k€297k▼

Non-recurring operating income76A€26k€8k▼

Goods, raw materials, services and sundry goods60/61€605k€536k▼

Remuneration, social security and pensions62€599k€604k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€579€579=

Other operating charges640/8-€139

Non-recurring operating charges66A€2k€45k▲

Gross operating margin9900€648k€607k▼

Operating profit (loss)9901€47k€-43k▼

Financial income75/76B€3€7▲

Recurring financial income75€3€7▲

Financial charges65/66B€918€961▲

Recurring financial charges65€918€961▲

Profit (loss) for the period before taxes9903€46k€-44k▼

Profit (loss) for the period9904€46k€-44k▼

Profit (loss) for the period to be appropriated9905€46k€-44k▼

Appropriation of the result

Profit (loss) to be appropriated9906€206k€162k▼

Profit (loss) brought forward from the previous period14P€160k€206k▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 3Gazette 1Filings 8

2026

27-08

State Gazette act Resignations: Dirk Bynens, Martine Evers and 8 others

Appointments: Toon Machiels, Anny Jans and 8 others · Statutes amendment · Director discharge43 facts ▸

General meeting, 08-01-2026
Statutes amendment
Director resignation, Dirk Bynens (director)
Director resignation, Martine Evers (director)
Director resignation, Walther Goossens (director)
Director resignation, Carina Neven (director)
Director resignation, Katrien Ruytjens (director)
Director resignation, Jos Santermans (director)
Director resignation, Roeland Schaeken (director)
Director resignation, Stijn Scholts (director)
Director resignation, Liesbeth Schraepen (director)
Director resignation, Rina Simons (director)
+31 further facts in this act

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

18-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €46k

Net result €46k after 2 loss-making years.

22-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €-106k

Net result drops to €-106k, the lowest in the series; recovery starts the following year.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-04

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Highest result since 2018net €54k ▲400%

Operating result €69k, net result €54k, both a record.

15-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

25-03

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

09-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

under verification, no change since 2026

This board is reconstructed from a single act (26109066). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Anny Jans

Director · since 08-01-2026

Current

Chantal Swerts

Director · since 08-01-2026

Current

Eric Lens

Director · since 08-01-2026

Current

Filip Verbeeck

Director · since 08-01-2026

Current

Frédéric Leynen

Director · since 08-01-2026

Current

Ingrid Timmerman

Director · since 08-01-2026

Current

4 other directors

Lode Vrancken

Director · since 08-01-2026

Current

Madeleine Smeets

Director · since 08-01-2026

Current

Toon Hutsebaut

Director · since 08-01-2026

Current

Toon Machiels

Director · since 08-01-2026

Current

08-01-2026 Anny Jans: Appointed as Director

08-01-2026 Chantal Swerts: Appointed as Director

08-01-2026 Eric Lens: Appointed as Director

08-01-2026 Filip Verbeeck: Appointed as Director

08-01-2026 Frédéric Leynen: Appointed as Director

Full history in the Timeline (20 changes) →

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 2005

establishment The establishment unit on the map

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.

Albrecht Rodenbachstraat 203500 Hasselt

Ground area

2.8 ha

Building footprint

2,797 m²

Volume, LiDAR

29,685 m³

2 parcels, Flanders · tallest building 26.6 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

HORIZONT

Albrecht Rodenbachstraat 29, 3500 HasseltNACE 91330

since 20052.149.238.403

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71328D0273/00F002	Flanders	2.6 ha	1 · 1,432 m²	26.6 m · 4 fl.
71328D0249/00D000	Flanders	1,673 m²	1 · 1,365 m²	17.2 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Articles of association

Purpose

De vereniging neemt het recht op vakantie en vrijetijdsparticipatie voor iedereen, in het bijzonder voor mensen die financieel kwetsbaar zijn, als uitgangspunt voor haar bestaan.…

Full purpose

De vereniging neemt het recht op vakantie en vrijetijdsparticipatie voor iedereen, in het bijzonder voor mensen die financieel kwetsbaar zijn, als uitgangspunt voor haar bestaan. Het voorwerp, ofdwel de concrete activiteiten waarmee de vereniging haar doelstelling verwezenlijkt, is onder meer het organiseren, ontwikkelen en bemiddelen van kwalitatieve vrijetijdsbesteding voor mensen die financieel kwetsbaar zijn. De vereniging is actief binnen de sociale economie. Daarnaast kan de vereniging alle activiteiten ontplooien die bijdragen tot de verwezenlijking van deze doelstelling, met inbegrip van bijkomstige winstgevende activiteiten binnen de grenzen van wat wettelijk is toegelaten en waarvan de opbrengsten volledig zullen worden bestemd voor de verwezenlijking van de niet-winstgevende doelstellingen.

according to the deed of 27-08-2026

Structure & network

Connections & network

4 connected companies

Shared directors

Linked via shared directors

UC Leuven

via Anny Jans · Director

→

UC Limburg

via Anny Jans · Director

→

MARTJAN

via Anny Jans · Permanent representative

former→

Sint-Trudo Ziekenhuis

via Anny Jans · Director

former→

Public money · subsidies and aid

Flemish government

2022 to 2025 · 24 entries · 2,448,569 EUR awarded · 2,096,636 EUR paid

Year	Entries	awarded	paid
2025	6	494,974 EUR	455,122 EUR
2024	6	661,023 EUR	565,968 EUR
2023	7	640,624 EUR	763,227 EUR
2022	5	651,948 EUR	312,319 EUR

Schemes

Erkenning en subsidiëring van sociaal-toeristische verenigingen

2 entries · 730,357 EUR · 596,746 EUR paid · Toerisme Vlaanderen

Thematische projectoproep tot subsidiëring Toerisme Vlaanderen

4 entries · 596,722 EUR · 517,685 EUR paid · Toerisme Vlaanderen

Individueel Maatwerk

4 entries · 328,084 EUR · 274,891 EUR paid · Departement Werk en Sociale Economie

Ad nominatim subsidies Toerisme Vlaanderen

4 entries · 312,000 EUR · 218,400 EUR paid · Toerisme Vlaanderen

Erkenning en subsidiëring lokale diensteneconomie-onderneming (stopgezet)

3 entries · 200,108 EUR · 200,108 EUR paid · Departement Werk en Sociale Economie

Show 4 more

Projectsubsidies in het kader van armoedebestrijding

1 entry · 150,000 EUR · 75,000 EUR paid · Departement Zorg

Lokale diensteneconomie Toerisme Vlaanderen

2 entries · 79,298 EUR · 79,298 EUR paid · Toerisme Vlaanderen

Projectsubsidies Toerisme Vlaanderen

3 entries · 52,000 EUR · 130,000 EUR paid · Toerisme Vlaanderen

Erkenning en subsidiëring als maatwerkafdeling

1 entry · 4,508 EUR paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Recognitions · licences · registrations

Quality registration as a provider

1 live approval

Quality registration as a provider

Toegekend · valid until 2027-07-08

Similar companies · same sector, comparable size

Sint-Joost-ten-Node · Eq €460k

Dienst Ondersteuningsplan Oost-Vlaanderen

BE 0840.341.880

Gent · Eq €461k

Sectorfederatie voor arbeidsmarktintegratie

BE 0445.739.447

Gent · Eq €462k

Of 2,203 companies in sector 88999 we hold annual accounts for 802. 631 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formNon-profit association

Founded28-01-2003

Fiscal year end31-12

Activities, NACEBEL 2025

88999Other social work without accommodation

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.