HOROMECA
ActiveSummary
HOROMECA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €12k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+81
Solvency35▲+10
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.79 in 2023; short-term debt: 82.7% and cash: 23.5% of total assets), and 89.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024Solvency, return and age of the figures
Solvency
10.2%
Return on assets
10.1%
Age of the figures
21 mo
neutral · 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
1 d early
2022
4 d early
2021
24 d early
2020
29 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k▲ 10,801%
2023 · €108
Total assets
€116k▲ 4.9%
2023 · €110k
Net result
€12k
2023 · €-25k
Working capital
€-7k▲ 60.2%
2023 · €-19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€7k▲ 227%€19k▲ 185%€5k▼ 74.7%€-23k€12k
Net result€6k€13k▲ 124%€2k▼ 84.6%€-25k€12k
Equity€10k▲ 152%€23k▲ 135%€25k▲ 8.9%€108▼ 99.6%€12k▲ 10,801%
Total assets€79k▲ 15.8%€138k▲ 75.5%€154k▲ 11.8%€110k▼ 28.6%€116k▲ 4.9%
Debt€69k▲ 7.7%€108k▲ 55.6%€124k▲ 15.3%€106k▼ 14.6%€100k▼ 6.0%
Working capital€-1k▲ 78.0%€20k€9k▼ 55.5%€-19k€-7k▲ 60.2%
Staff (FTE)0.51▲ 100%1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €12k after a loss of €23k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €116k
Fixed assets
€27k ▼ 28.9%
Current assets
€88k ▲ 23.1%
Equity and liabilities €116k
Equity
€12k ▲ 10,801%
Provisions
€4k =
Debt
€100k ▼ 6.0%
Debt's share of the balance-sheet total falls from 96.0% to 86.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2023 · €-12k
Cash flow
€23k▲
2023 · €-13k
Current ratio
0.92▲
2023 · 0.79
Quick ratio
0.89▲
2023 · 0.76
Debt to equity
8.43
ROE
99.1%
ROA
10.1%▲
2023 · -22.2%
Interest coverage
20.52▲
2023 · -7.94
Debt ≤ 1 year
€96k▲
2023 · €90k
Debt > 1 year
€4k▼
2023 · €15k
Income taxes
€172▼
2023 · €179
Staff costs
€21k▼
2023 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €20k | €24k | €23k | €21k | ▼ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €6k | €11k | €11k | ▼ 0.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €8k | €-2k | €-2k | - | - |
| Other operating charges640/8 | - | €2k | €483 | €580 | €3k | ▲ 350% |
| Non-recurring operating charges66A | - | - | €3k | €0 | - | - |
| Gross operating margin9900 | €30k | €52k | €37k | €10k | €46k | ▲ 366% |
| Operating profit (loss)9901 | €7k | €19k | €5k | €-23k | €12k | ▲ 151% |
| Financial income75/76B | - | €150 | €138 | €45 | €1k | ▲ 2,868% |
| Recurring financial income75 | €518 | €150 | €138 | €45 | €1k | ▲ 2,868% |
| Financial charges65/66B | - | €1k | €2k | €1k | €1k | ▼ 24.9% |
| Recurring financial charges65 | €1k | €1k | €2k | €1k | €1k | ▼ 24.9% |
| Profit (loss) for the period before taxes9903 | €6k | €18k | €3k | €-24k | €12k | ▲ 149% |
| Income taxes67/77 | €215 | €5k | €1k | €179 | €172 | ▼ 3.4% |
| Profit (loss) for the period9904 | €6k | €13k | €2k | €-25k | €12k | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €6k | €13k | €2k | €-25k | €12k | ▲ 148% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €138k | €154k | €110k | €116k | ▲ 4.9% |
| Fixed assets21/28 | €11k | €29k | €50k | €39k | €27k | ▼ 28.9% |
| Tangible fixed assets22/27 | €11k | €29k | €50k | €39k | €27k | ▼ 28.9% |
| Furniture and vehicles24 | - | €29k | €50k | €39k | €27k | ▼ 28.9% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Current assets29/58 | €68k | €110k | €105k | €72k | €88k | ▲ 23.1% |
| Stocks and contracts in progress3 | €4k | €4k | €3k | €3k | €3k | ▲ 11.0% |
| Stocks30/36 | - | €4k | €3k | €3k | €3k | ▲ 11.0% |
| Amounts receivable within one year40/41 | €17k | €15k | €41k | €38k | €53k | ▲ 39.3% |
| Trade receivables40 | - | €15k | €41k | €38k | €44k | ▲ 16.5% |
| Other amounts receivable41 | - | €0 | - | - | €9k | - |
| Cash at bank and in hand54/58 | €46k | €91k | €56k | €26k | €27k | ▲ 4.7% |
| Deferred charges and accrued income490/1 | - | €0 | €4k | €5k | €5k | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €138k | €154k | €110k | €116k | ▲ 4.9% |
| Equity10/15 | €10k | €23k | €25k | €108 | €12k | ▲ 10,801% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-21k | €-8k | €-6k | €-30k | €-19k | ▲ 38.6% |
| Provisions and deferred taxes16 | - | €8k | €6k | €4k | €4k | = |
| Provisions for liabilities and charges160/5 | - | €8k | €6k | €4k | €4k | = |
| Environmental obligations163 | - | - | - | - | €4k | - |
| Other liabilities and charges164/5 | - | €8k | €6k | €4k | - | - |
| Amounts payable17/49 | €69k | €108k | €124k | €106k | €100k | ▼ 6.0% |
| Amounts payable after more than one year17 | - | €18k | €28k | €15k | €4k | ▼ 74.9% |
| Financial debts170/4 | - | €18k | €28k | €15k | €4k | ▼ 74.9% |
| Amounts payable within one year42/48 | €69k | €89k | €96k | €90k | €96k | ▲ 5.8% |
| Current portion of amounts payable after more than one year42 | - | €6k | €13k | €13k | €12k | ▼ 10.6% |
| Financial debts43 | - | - | - | - | €900 | - |
| Credit institutions430/8 | - | - | - | - | €900 | - |
| Trade debts44 | €19k | €22k | €33k | €23k | €36k | ▲ 55.6% |
| Suppliers440/4 | - | €22k | €33k | €23k | €36k | ▲ 55.6% |
| Taxes, remuneration and social security45 | - | €13k | €8k | €11k | €3k | ▼ 70.2% |
| Taxes450/3 | - | €13k | €4k | €7k | €828 | ▼ 87.4% |
| Remuneration and social security454/9 | - | €123 | €4k | €4k | €2k | ▼ 43.0% |
| Other amounts payable47/48 | - | €48k | €43k | €43k | €44k | ▲ 0.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €13k | €2k | €-25k | €12k | ▲ 148% |
| + Depreciation and write-downs630 | €5k | €3k | €6k | €11k | €11k | ▼ 0.4% |
| Operating cash flow (approximation) | €11k | €16k | €8k | €-13k | €23k | ▲ 271% |
| Investment in fixed assets (approximation) | - | €-20k | €-28k | €0 | €0 | - |
| Change in cash | - | €45k | €-35k | €-30k | €1k | ▲ 104% |
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
2026
09-09
State Gazette act
Resignation: Charles Henri Dallemagne (director)Appointment: Nolevaux Christophe (director) · Shareholding · Registered-office move10 facts ▸
State Gazette act
Resignation: Charles Henri Dallemagne (director)
Appointment: Nolevaux Christophe (director) · Shareholding · Registered-office move10 facts ▸
- General meeting, 14:30, 12:00
- Shareholding, 02-09-2026, 250
- Shareholding, 02-09-2026, 250
- Shareholding, 02-09-2026, 125
- Shareholding, 02-09-2026, 125
- Shareholding, overlijden en testament
- Director resignation, Charles Henri Dallemagne (director)
- Director appointment, Nolevaux Christophe (director)
- Registered-office move, Rue du Cuisinier 200, B1420 Braine-l'Alleud
- Power of attorney, Nolevaux Christophe
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €13k ▲124%
Operating result €19k, net result €13k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Christophe Nolevaux
CurrentDirector · since 04-08-2026
09-09-2026
Charles Henri Dallemagne: Resigned as Director
04-08-2026
Christophe Nolevaux: Appointed as Director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 1994
Ground area
1,839 m²
Building footprint
318 m²
Volume, LiDAR
2,817 m³
2 parcels, Flanders, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Oude Vilvoordsebaan 21, 1860 Meise
since 19942.066.435.936
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050F0003/00K002 | Flanders | 1,476 m² | 1 · 246 m² | 10.7 m · 3 fl. |
| 25014A0519/00D000 | Wallonia | 364 m² | 1 · 72 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
Other provisions of the articles (1)
- Other statement
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 09-09-2026 ↗
- Sophie Dallemagne 250 shares
- Dallemagne Dominique 250 shares
- Dallemagne Gregory 125 shares
- Gilles Legrand 125 shares
- Charles Henri Dallemagne all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 567 companies in sector 46480 we hold annual accounts for 353. 159 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 (pre-2019)
Founded07-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
46480Wholesale trade
46649Wholesale of other machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.