Hornes 4
ActiveHornes 4 has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-462k) and a net result of €-98k. Equity is shrinking by ~29% per year across the filed fiscal years. Its solvency ranks better than 13% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+1
Solvency21=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 56.6; short-term debt: 1.8% and cash: 0% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
-3.7%
Return on assets
-0.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-462k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
32 d early
2024
30 d early
2023
21 d early
2022
31 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-98k▼ 4.3%
2024 · €-94k
2022: €-195k
2023: €-80k
2024: €-94k
2022 → 2025
Working capital
€12.11M▲ 49.1%
2024 · €8.12M
2022: €1.70M
2023: €5.97M
2024: €8.12M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-190k-€-271k▼ 42.1%€-364k▼ 34.6%€-462k▼ 26.8%
Operating result€-61k-€-76k▼ 24.3%€-93k▼ 21.6%€-97k▼ 4.1%
Net result€-195k-€-80k▲ 59.0%€-94k▼ 16.7%€-98k▼ 4.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €97k in 2025 against €93k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
-3.7%▲
2024 · -4.5%
Current ratio
56.60
Quick ratio
0.18▼
2024 · 0.20
Debt / equity
-27.70▼
2024 · -23.44
ROA
-0.8%▲
2024 · -1.1%
Debt
€12.79M▲
2024 · €8.54M
Debt ≤ 1 year
€218k▲
2024 · €51k
Debt > 1 year
€12.56M▲
2024 · €8.47M
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€8.17M€12.33M▲
Current assets29/58€8.17M€12.33M▲
Stocks and contracts in progress3€8.16M€12.29M▲
Stocks30/36€8.16M€12.29M▲
Amounts receivable within one year40/41€6k€37k▲
Trade receivables40-€102
Other amounts receivable41€6k€37k▲
Cash at bank and in hand54/58€3k€410▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€8.17M€12.33M▲
Equity10/15€-364k€-462k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-369k€-467k▼
Amounts payable17/49€8.54M€12.79M▲
Amounts payable after more than one year17€8.47M€12.56M▲
Financial debts170/4€6.20M€6.30M▲
Other amounts payable178/9€2.27M€6.26M▲
Amounts payable within one year42/48€51k€218k▲
Financial debts43€45k€36k▼
Credit institutions430/8€45k€36k▼
Trade debts44€6k€182k▲
Suppliers440/4€6k€182k▲
Accrued charges and deferred income492/3€16k€14k▼
Income statement
Code20242025
Other operating charges640/8€71k€75k▲
Gross operating margin9900€-22k€-22k▲
Operating profit (loss)9901€-93k€-97k▼
Financial charges65/66B€801€1k▲
Recurring financial charges65€801€1k▲
Profit (loss) for the period before taxes9903€-94k€-98k▼
Profit (loss) for the period9904€-94k€-98k▼
Profit (loss) for the period to be appropriated9905€-94k€-98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-369k€-467k▼
Profit (loss) brought forward from the previous period14P€-276k€-369k▼
The notes to these accounts (10 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 60current ratio 88.82
Current ratio from 1.49 to 88.82; short-term debt falls from €3.50M to €68k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2021
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.
Brugmannlaan 27A1060 Sint-Gillis (bij-Brussel)Ground area
2,754 m²
Parcel 21013B0370/00H010, Brussels. Linked by address, not a title deed.
1 establishment unit
Hornes 4
since 20212.312.650.838
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0370/00H010 | Brussels | 2,754 m² | - | - |
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.
Similar companies · same sector and region
A.T.I.T.
BE 0810.674.629
Sint-Gillis (bij-Brussel)
ABIMOTA
BE 0425.201.874
Sint-Gillis (bij-Brussel)
AM Partners
BE 0800.533.179
Sint-Gillis (bij-Brussel)
AYA PROPERTIES
BE 0687.744.648
Sint-Gillis (bij-Brussel)
BBC RED
BE 0736.833.180
Sint-Gillis (bij-Brussel)
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 9,140 companies in sector 68201 we hold annual accounts for 6,769.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-01-2021
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.