HORPA
ActiveSummary
The computed 12-month bankruptcy probability of HORPA is 2.9% (moderate). The 2025 annual accounts show negative equity (-€73,428) and a net result of €59,906. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 7% of 13,716 sector peers (NACE 46, financial year 2025). The company has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 18-03-1978 Normal situation
- Activity
- Wholesale of industrial chemicals NACE 46851and 4 others
- Financial year end
- 30 September
- Peppol
- Reachable since 23-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.9%
- Gross margin
- €69,278
- ▲ 595%
- Turnover
- ≈ €370,000
- estimated
- Profit
- €59,906
- Equity
- -€73,428
- ▲ 44.9%
- Total assets
- €49,972
- ▲ 124%
- Staff
- ≈ 0 FTE
- estimated
- Negative equity on 30-09-2025
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.30, cash €36No registered site in the KBOlowers riskSize: total assets €49,972Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 6% of them on solvency, 2% on liquidity, 95% on profitability and 86% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€73,428 View
- Caution: Less equity than 93% of companies in wholesale tradesector median €56,539 · 13,746 companies -€73,428 View
- Positive: Back in profit in 2025after a loss of €191,998 in 2024 €59,906 View
- Positive: Filed on time since financial year 2021accounts within the deadline every year 4 years View
Comparable companies
These companies have the same main activity as HORPA: wholesale of industrial chemicals (NACE 46851). They are comparable in size and age: total assets between €29,700 and €138,000, founded between 1975 and 1993.
| Company | Total assets | Gross margin |
|---|---|---|
| HORPA Koksijde | €49,972 | €69,278 |
| SERPIME - Société d'Importation et d'Exportation Grez-Doiceau | €64,249 | €53,560 |
| RADIOSONIC Gent | €91,017 | €23,931 |
| CENTRALCHEMIE Mont-Saint-Guibert | €137,868 | €33,370 |
| on-dpat Grimbergen | €29,685 | €18,051 |
| PH LIQUIDE BELGIUM Aalter | €73,120 | €26,286 |
| BUILDCHEM AND RESINS Theux | €54,033 | €23,314 |
Key facts about HORPA
- What is the company number of HORPA?
- The company number of HORPA is 0418.199.761. The VAT number is the same number with BE in front: BE 0418.199.761.
- Where is HORPA based?
- The registered office is at Artanpad(Kok) 2, 8670 Koksijde.Company details
- What does HORPA do?
- According to the KBO register, the main activity is wholesale of industrial chemicals (NACE 46851).
- What is the legal form of HORPA?
- The legal form of HORPA is Private limited company (BV).
- When was HORPA founded?
- HORPA was founded on 18-03-1978.
- Is HORPA still active?
- Yes, HORPA is an active enterprise in the KBO register.
- How many employees does HORPA have?
- HORPA had an average of 0.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of HORPA?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €69,278 and 109 comparable companies (NACE 46). It probably lies between €180,000 and €640,000.
- Is HORPA profitable?
- In financial year 2025, HORPA made a profit of €59,906.
- Where can I find the annual accounts of HORPA?
- HORPA filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HORPA due?
- HORPA must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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