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HORMA

Active Public limited companyfounded 1991active for 35 yearsKapelstraat 37, 8450 BredeneKBO/BCE: BE 0443.477.565 #4 oldest company in Bredene, Real estate sector
HORMA
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Overview

Lifetime

20 annual accounts with figures on one time axis, 34 filings since 1992
peak €335,940 (2022)
€2,289▲ €5,802
lowest -€214,884 (2023)
-€48,436▼ €13,425
peak €215,035 (2008)
-€339,647▼ €48,436
€620,249▲ 5.3%
Board3 names since 1991
2 directorsROMA and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€3,513 to €2,289Loss of €48,436Equity from -€291,210 to -€339,647Cash from €664 to €327

Key points

from the 2025 annual accounts

Equity

-€339,647
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€298,331 in three years
-214,8842023-35,0112024-48,4362025

Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.

Turnover

≈ €7,900 estimated

The accounts state no turnover.

Debts

€620,249 221% of the balance sheet
Financial debts 98%Suppliers 2%

Of this, €527,249 falls due within a year.

Filings

34 annual accounts since 1992
AprilJune31 JulyOctober200020102020

Nine of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.

Position in the sector

-121.0%

Lower solvency than 95% of companies in real estate. Sector median 30.7% · 11,299 companies.

Checked score

53
Fair
Financially stronger than 9% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.0% 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 1.7%▼ -0.3 percentage points vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.9%▲ +0.2 percentage points vs 05-2025 07-2025: 2.0%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▲ +0.3 percentage points vs 07-2025 09-2025: 2.5%▲ +0.2 percentage points vs 08-2025 10-2025: 2.7%▲ +0.2 percentage points vs 09-2025highest value 11-2025: 1.2%▼ -1.5 percentage points vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026lowest value 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.3%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.7%▲ +0.3 percentage points vs 07-2026 09-2026: 1.3%▼ -0.4 percentage points vs 08-2026 10-2026: 1.3%● unchanged vs 09-2026 11-2026: 1.3%● unchanged vs 10-2026

Financial strength
Weak

0=equity -121.0% of total assets
0=short-term debt 187.9% · cash 0.1%
0-4return on assets -17.3%

Score breakdown

raises risk
Capped at 59: negative equity
Loss of €48,436, the second in a row (financial year 2025)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €280,603
Founded in 1991
Calculation

The band follows from the bankruptcy probability. 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). It does better than 5% of them on solvency, 2% on liquidity, 4% on profitability and 23% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 6,619 companies had the same profile as HORMA has now. Each dot stands for 17 companies, two years later.

84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 1.0% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of HORMA itself: 1.3% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,619 companies, not a prediction for HORMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.05 (0.05 in 2024), below 1. Short-term debt is 187.9% and cash 0.1% of total assets. Equity is negative.

Credit check for an amount and term of your choice

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

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €280,603
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €48,436, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1991
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€339,647
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
61 days late
2023
30 days late
2022
28 days late
2021
31 days late
2020
31 days late
2019
122 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 48 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

R
ROMA
Director, Janssens Jozef, since 01-03-1991
VA
VAN ASSCHE MARCELA
Director, since 01-01-2013
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0443477565
2 directors reappointed Jannsens Jozef and Roma · Permanent representative: Janssens Jozef · General meeting of 30-06-2018 · Gazette deed
First establishment Lispersteenweg 93, Boechout
Incorporation published on 27-03-1991 · Gazette deed
All 45 events

Comparable companies

same main activity, similar in size and age
Company
HORMA Bredene €280,603 €2,289 -121.0% -
SOCIETE DE TRANSACTIONS IMMOBILIERES ET D'ASSURANCES Ixelles €225,898 €2,472 73.0% -
GEDESCO Knokke-Heist €350,811 €1,356 -28.2% -
IMMO ATELIER Puurs-Sint-Amands €269,694 €3,493 85.6% -
IMMO LP Forest €196,593 €2,192 98.6% -
VANSTEENBRUGGE - IMMOBILIEN Ixelles €423,238 €2,229 84.3% -
GLOBAL PORTFOLIO MANAGEMENT Ghent €362,871 €2,474 65.4% 0

These companies have the same main activity as HORMA: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €197,000 and €423,000, founded between 1984 and 2000.

Official details

Source: KBO
Status
Active since 01-03-1991Normal situation
Activity
Real estate agency activitiesNACE 68310
Establishment unit
2.052.041.9282530 Boechout, since 22-03-1991
Financial year end
31 December
Peppol
Reachable since 27-11-2025
Company details

Annual accounts 2025

€2,289
€48,436▲ 38.3%
-€339,647▼ 16.6%
€280,603▼ 5.8%
Filing
Filed on 31-08-2026
Financials

Insights on HORMA

HORMA files the abbreviated format. That format states no turnover. The gross margin fell from €81,152 in 2006 to €2,289 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 31-08-2026, 31 days late
€2,289
▲ €5,802
-€22,139
▲ €11,716
-€48,436
▼ €13,425
-€500,596
▼ €54,839
-121.0%
▼ 23.3 percentage points
0.05
▲ 0.00

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €7,900. Estimated: probably between €4,100 and €17,000.

In the rankings #4 oldest company in Bredene, Real estate sector

Balance sheet

balance sheet total €280,603 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-121.0%

Lower than 95% of 11,299 companies in 2025.

0.05

Higher than 6% of 10,851 companies in 2025.

-17.3%

Lower than 95% of 11,184 companies in 2025.

HORMA Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 280,603297,935317,301344,837380,550388,546404,071376,003352,757430,116561,110912,0621.1m872,2521.0m1.1m1.0m1.1m854,491453,007
21/28 253,949274,546291,525308,083306,654320,999342,412354,954346,265418,689443,039468,112484,927488,709697,375727,020726,411721,118445,588378,636
22/27 250,949271,546288,525308,083306,654320,999342,412354,954346,265418,689443,039468,112484,927488,709697,375727,020726,411721,118445,588378,636
22 228,974239,261249,527258,456269,895281,333292,771294,789332,081395,655404,934414,213423,492432,772633,943649,743670,501673,208365,542360,127
23 13,74917,18423,31926,75527,47732,37539,18146,25614,02220,49127,72634,42342,23741,11950,75843,30427,49719,68313,074-
24 8,22615,10115,67922,8719,2837,29110,46013,9091622,54310,37919,47619,19814,81912,67433,97428,41428,22766,97218,509
28 3,0003,0003,000-----------------
29/58 26,65323,38925,77536,75473,89567,54761,65921,0486,49311,427118,072443,950597,438383,543307,131363,850298,174427,598408,90374,371
40/41 24,44820,84623,88632,97271,33665,31959,73818,2373,4957,75671,026427,507595,551357,631305,003360,804284,285188,088129,57943,474
40 16,20012,12615,7939,97017,46727,97041,16016,000-6,50032,81692,698306,117265,595115,9457,0009,65023,31222,78028,526
41 8,2488,7208,09323,00253,86937,34918,5782,2373,4951,25638,210334,809289,43492,036189,058353,804274,635164,776106,79914,948
50/53 1,8781,8781,8781,8781,8781,8781,8781,8781,8781,8781,8781,8781,8781,8781,8781,8781,878125,000125,000-
54/58 327664121,8773283439331,1201,79345,16814,565924,0342491,16812,012114,510154,32428,106
490/1 ---27353347-------------2,791
Balance sheet: equity and liabilities
10/49 280,603297,935317,301344,837380,550388,546404,071376,003352,757430,116561,110912,0621.1m872,2521.0m1.1m1.0m1.1m854,491453,007
10/15 -339,647-291,210-256,199-41,3154,80319,68119,37876,677-63,47292,001105,833137,063133,964130,432127,190123,914117,243215,035182,23763,732
10/11 146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257
10 146,257146,257146,257146,257146,257---------------
100 146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257146,257
12 ---------71,88871,88871,88871,88871,88871,88871,88871,88871,88871,888246,888
13 1,1211,1211,1211,121254,848254,848254,8481,1211,1211,1211,1211,1211,1211,121708334----
130/1 1,1211,1211,1211,1211,1211,121--------------
130 -1,1211,1211,1211,1211,1211,1211,1211,1211,1211,1211,1211,1211,121708334----
1311 1,121-------------------
132 ----253,728253,728253,728-------------
14 -487,024-438,588-403,577-188,693-396,303-381,425-381,727-70,701-210,850-127,265-113,433-82,203-85,302-88,834-91,663-94,564-100,903-3,110-35,908-329,413
16 ----106,579106,579106,579----------50,000--
160/5 -----------------50,000--
168 ----106,579106,579106,579-------------
17/49 620,249589,145573,500386,152269,168262,286278,114299,326416,230338,115455,277774,999948,401741,820877,315966,956907,343883,681672,254389,275
17 93,000120,000390,000160,000110,000110,000110,00049,875184,170192,635310,967319,155335,858386,443471,569530,394581,044410,823149,295250,035
170/4 93,000120,000390,000160,000110,000110,000110,00049,875184,170192,635310,967319,155335,858386,443471,569530,394581,044410,823149,295250,035
42/48 527,249469,145183,500226,152159,168152,286168,114249,451232,059145,480144,311455,844612,543355,377405,746436,562326,299472,858522,959139,240
42 1851,0491,96611,640-2,879-137,94474,24532,1788,189233,813156,49691,632162,680159,838180,65955,257103,07557,965
43 512,365457,433173,055203,891142,63099,002114,4818,11699,03588,53813,6404,5814,581-15021,168-73,7833,7877,748
430/8 -329,3825,7592,440--8,0638,11699,03588,53813,6404,5814,581-15021,168-63,3203,7877,748
439 512,365128,051167,296201,451142,63099,002106,418----------10,463--
44 14,6999,9077,95810,5633,41244,95247,53948,18257,32623,413111,881198,412391,391208,187196,180226,602140,023181,260275,54926,954
440/4 14,6999,9077,95810,5633,41244,95247,53948,18257,32623,413111,881198,412391,391208,187196,180226,602140,023181,260275,54926,954
46 -----------------132,729126,989-
45 -7575205913,1275,4546,09455,2091,4531,35110,60119,03945,07428,55819,7362,9545,6178,492-12,914
450/3 -7575205913,1275,4546,09455,2091,4531,35110,60119,03945,07428,55819,7362,9545,6178,492-12,914
47/48 ------------15,00027,00027,00026,000-21,33713,55933,659
Income statement
76A ---360,306---367,622-44,952---42,608---13,990542,118-
9900 2,289-3,513-21,041335,94019,86927,91047,345308,331-46,869-15,70319,567203,39394,22472,009125,519109,158200,554197,396-117,22981,152
62 -----------8881,712156--184---
630 20,58622,79023,63721,98617,71121,41320,39325,24718,67924,97427,82330,72226,61940,81347,47651,14761,70862,64250,60034,694
640/8 3,8424,8539,6759,68116,8867,1664,24929,6604,4634,5363,88827,42531,12424,22731,38020,61427,77638,99123,1978,235
66A -2,699---------116,468--21,300-86,64750,00025,00042
9901 -22,139-33,855-54,352304,273-14,727-66922,703253,424-70,011-45,213-12,145144,35734,7696,81346,66437,397110,88695,763-191,02638,223
75/76B 0--1-1,1741,1251-44,953-270424,67214,88116,3021,46431
75 0--1---1-0-270424,67214,88116,3021,46431
76B -----1,1741,125--44,952----------
65/66B 26,29716456,16369,2451515721,85751,90313,47313,48919,05022,53028,23041,15442,54344,50645,58728,41932,59019,840
65 26,29727156,16369,2451515721,85751,90313,47313,48919,05022,53028,23041,15442,54344,50645,58728,41932,59019,840
66B --107------------------
9903 -48,436-34,019-110,515235,029-14,8784481,972201,521-83,484-13,749-31,1955,3866,5408,2727,4937,771-5,04532,798293,50518,342
67/77 -992104,36927,419-145-61,37210283352,2873,0085,0304,2171,10092,748---7
9904 -48,436-35,011-214,884207,610-14,8783021,972140,149-83,585-13,832-31,2303,0993,5323,2423,2766,672-97,79332,798293,50518,349
9905 -48,436-35,011-214,884207,610-14,8783021,972140,149-83,585-13,832-31,2303,0993,5323,2423,2766,672-97,79332,798293,50518,349
Appropriation of the result
9906 -487,024-438,588-403,577-188,693-396,303-381,425-381,727-70,701-210,850-127,265-113,433-82,203-85,302-88,421-91,289-94,231-100,903-3,110-35,908-329,413
14P -438,588-403,577-188,693-396,303-381,425---------------
691/2 -------------412375334----
6920 -------------412375334----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00473978.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-08-2026 2026-00473978 PDF
31-12-2024 micro format 30-09-2025 2025-00534955 PDF
31-12-2023 micro format 30-08-2024 2024-00456759 PDF
31-12-2022 micro format 28-08-2023 2023-00361122 PDF
31-12-2021 micro format 31-08-2022 2022-20388152 PDF
31-12-2020 micro format 31-08-2021 2021-60400211 PDF
31-12-2019 micro format 30-11-2020 2020-72800421 PDF
31-12-2018 micro format 29-08-2019 2019-56700578 PDF
31-12-2017 micro format 20-08-2018 2018-47400162 PDF
31-12-2016 abbreviated format 09-05-2017 2017-11600322 PDF
31-12-2015 abbreviated format 04-08-2016 2016-40300027 PDF
31-12-2014 abbreviated format 17-08-2015 2015-43000213 PDF
31-12-2013 abbreviated format 13-08-2014 2014-42000488 PDF
31-12-2012 abbreviated format 30-08-2013 2013-53400584 PDF
31-12-2011 abbreviated format 30-08-2012 2012-50500204 PDF
31-12-2010 abbreviated format 31-08-2011 2011-50200406 PDF
31-12-2009 abbreviated format 31-08-2010 2010-52900407 PDF
31-12-2008 abbreviated format 04-08-2009 2009-54400204 PDF
31-12-2007 abbreviated format 10-07-2008 2008-39700009 PDF
31-12-2006 abbreviated format 22-06-2007 2007-25600391 PDF
31-12-2005 abbreviated format 10-07-2006 2006-42800686 PDF
31-12-2004 abbreviated format 16-09-2005 2005-68101207 PDF
31-12-2003 abbreviated format 21-06-2004 2004-28003504 PDF
31-12-2002 abbreviated format 14-07-2003 2003-44004417 PDF
31-12-2001 abbreviated format 24-06-2002 2002-25803495 PDF
31-12-2000 abbreviated format 22-06-2001 2001-25402823 PDF
31-12-1999 abbreviated format 28-06-2000 2000-31100386 PDF
31-12-1998 abbreviated format 22-06-1999 1999-21300887 PDF
31-12-1997 abbreviated format 31-07-1998 1998-38103460 PDF
31-12-1996 abbreviated format 30-06-1997 1997-25301944 PDF
31-12-1995 abbreviated format 28-06-1996 1996-26800823 PDF
31-12-1994 abbreviated format 23-06-1995 1995-28300512 PDF
31-12-1993 abbreviated format 17-06-1994 1994-16501977 PDF
31-12-1992 abbreviated format 29-06-1993 1993-19204930 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
-1,553-11,065-30,715326,2592,98420,74443,096278,671-51,331-20,23915,679175,07961,38847,62694,13988,544172,594158,405-140,42672,917
-27,850-12,221-191,247229,5962,83321,71522,365165,396-64,90611,142-3,40633,82130,15144,05550,75157,819-36,08595,440344,10553,043
-118,5117,07923,4143,36607,85074,68718,1436242,75013,90722,83716,03917,83051,75767,001338,172358,86715,997
-337653-1,8661,549325-40-891-187-673-43,37530,60214,557-24,02523,785-919-10,844-102,498-39,814126,218-
-500,596-445,757-157,724-189,398-85,273-84,740-106,455-228,403-225,566-134,053-26,239-11,894-15,10528,166-98,616-72,712-28,125-45,260-114,056-64,869
-121.0%-97.7%-80.7%-12.0%1.3%5.1%4.8%20.4%-18.0%21.4%18.9%15.0%12.4%15.0%12.7%11.4%11.4%18.7%21.3%14.1%
0.050.050.140.160.460.440.370.080.030.080.820.970.981.080.760.830.910.900.780.53
----56.0413.3314.353.90-3.684.305.657.085.696.907.807.744.113.696.11
-----309.8%1.5%10.2%182.8%--15.0%-29.5%2.3%2.6%2.5%2.6%5.4%-83.4%15.3%161.1%28.8%
-17.3%-11.8%-67.7%60.2%-3.9%0.1%0.5%37.3%-23.7%-3.2%-5.6%0.3%0.3%0.4%0.3%0.6%-9.5%2.9%34.3%4.1%
-0.06-40.80-0.554.7119.71---------------

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€8,511€4,079€23,414€3,366
Financial fixed assets--€3,000--
€20,586€22,790€23,637€21,986€17,711

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on HORMA

The operating result for 2025 is a loss of €22,139, smaller than the loss of €33,855 in 2024.

Equity is negative. Debt (€620,249) exceeds the balance-sheet total (€280,603).

Board & ownership

Board

2 directors
ROMA NV
Director, permanent representative Janssens Jozef
since 01-03-1991
listed in the 2025 annual accounts, filed on 31-08-2026
VAN ASSCHE MARCELA
Director
since 01-01-2013
listed in the 2025 annual accounts, filed on 31-08-2026
Permanent representatives 1
Janssens Jozef
Permanent representative, for ROMA
in office according to the deed of 24-10-2019

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
ROMA
Board
VAN ASSCHE MARCELA
Director
Jannsens Jozef
Board
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • ROMA
    • Board, from 01-03-1991 to date
  • VAN ASSCHE MARCELA
    • Director, from 01-01-2013 to date
  • Jannsens Jozef
    • Board, from before 24-10-2019, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€146,257.18
Source
2025 annual accounts

Network & group

No group

HORMA has no parent and no holdings in its annual accounts. HORMA shares no director with another company.

At the same address

Kapelstraat 37, 8450 Bredene · 1 other company
Vereniging van Mede-eigenaars Residentie Lautrec te Bredene, Kapelstraat 37-45
registered office since 08-02-2006
 founded in 2006
0879.494.545

Timeline

Timeline

45 events since 1991

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 31 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0443477565
Annual accounts 2024 filed PDFmicro format · 61 days late
2024
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Weakest financial year net -€214,884 The net result drops to -€214,884, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · 28 days late
2022
Back to profit net €207,610 The net result is €207,610, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 31 days late
2021
Annual accounts 2020 filed PDFmicro format · 31 days late
2020
Annual accounts 2019 filed PDFmicro format · 122 days late
2019
2 directors reappointedJannsens Jozef and Roma · Permanent representative: Janssens Jozef · General meeting of 30-06-20184 points ▸
  • General meeting, 30-06-2018
  • Director reappointment, Jannsens Jozef
  • Director reappointment, Roma
  • Permanent representative, Janssens Jozef

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFmicro format · 29 days late
2018
Back to profit net €140,149 The net result is €140,149, after 3 loss-making years.
Annual accounts 2017 filed PDFmicro format · 20 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 83 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 4 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 17 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 13 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 30 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 30 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 31 days late
2010
Back to profit net €6,672 The net result is €6,672, after one loss-making year.
Annual accounts 2009 filed PDFabbreviated format · 31 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 4 days late
2008
Equity above €200,000 equity €215,035 ▲18% With a profit in every financial year since 2006, equity grows to €215,035.
Annual accounts 2007 filed PDFabbreviated format · 21 days before the deadline
2007
Highest result from 2006 to 2025 net €293,505 ▲1,500% The net result of €293,505 is the highest of those years.
Equity above €150,000 equity €182,237 ▲186% With a profit in every financial year since 2006, equity grows to €182,237.
Annual accounts 2006 filed PDFabbreviated format · 39 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1994
Annual accounts 1993 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1991
First establishment Lispersteenweg 93, Boechout
Incorporation published on 27-03-1991

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

HORMA was incorporated on 1 March 1991.1 Total assets fell from €376,003 in 2018 to €280,603 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0443.477.565
VAT number
BE 0443.477.565
Peppol ID
0208:0443477565
Other Peppol ID
9925:BE0443477565
LEI code
8755001CYYG35S2NNJ07 no longer live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
01-03-1991
Financial year
ends on 31 December
Peppol
Reachable since 27-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
HORMA in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
68310 Real estate agency activities main activity
Codes under NACEBEL 2008
68311 Real estate activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Kapelstraat 37 registered office 8450 Bredene
Lispersteenweg 93 2530 Boechout 6523 Insurance, reinsurance and pension funding, except compulsory social security 22-03-1991 2.052.041.928

Buildings and parcels at the addresses

Ground area
1,831 m²
Buildings
540 m²
Volume, LiDAR
6,341 m³
Tallest building
21.3 m
Buildings to scale, each on its own parcel
408 m², 21.3 m 132 m², 7.0 m 408 m², 21.3 m 132 m², 7.0 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
35302C0384/00D0071,202 m² 1 · 408 m² 21.3 m · 6
11004B0335/00S000629 m² 1 · 132 m² 7.0 m · 1

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