HORSBEEK

Inactive

KBO/BCE: BE 0430.160.653

Absorbed by AVEVE in December 2018. The last annual accounts are for financial year 2018.

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HORSBEEKInactive

Report

Overview

Official details

Source: KBO

Status: Absorbed by AVEVE merger by absorption, December 2018
Activity: No activity registered in the KBO
Financial year end: 30 June
Peppol: Not found in the Peppol Directory

Company details

Board and ownership

Shareholders

AVEVE99.99%· score 55annual accounts 30-06-2018
M.R.B.B. CVBAconsolidatesannual accounts 30-06-2018
NV AVEVEconsolidates· score 55annual accounts 30-06-2018

and 1 other shareholder

Board & ownership

Financial position

No score

Annual accounts to 30-06-2018

Loss: €6,381
Equity: €6.8m; ▼ 0.1%
Total assets: €11.7m; =

Financials

Financials · financial year 2018, full format

2018 annual accounts filed 98 days after the deadline Filed on 9 May 2019, deadline 31 January 2019 (7 months after the close on 30 June 2018, Companies Code art. 3:10). Source: NBB, 2019-12800425.

Annual accounts 2018 filed on 09-05-2019 PDF all 32 filings

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

-€6,381

2017 · €596,797

Working capital

€315,321▼ 2.0%

2017 · €321,703

Trend over the years

Last 5 years All years

2014 to 2018, 5 financial years 2014 to 2018, 5 financial years

The operating result for 2018 is a loss of €5,908, larger than the loss of €2,629 in 2017. It is the lowest result since 2014.

Turnover and resultEquity and debtWorking capital

Operating result-€0.006m 2018 Net result-€0.006m 2018

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Every figure with its change against the financial year before

favourable unfavourable

Line20142015201620172018

Operating result€0.07m-€0.07m▲ 7.4%€1.2m▲ 17×-€0.003m-€0.006m▼ 125%

Net result€0.2m-€0.6m▲ 246%€1.3m▲ 109%€0.6m▼ 53.0%-€0.006m

Equity€4.4m-€5.0m▲ 13.9%€6.2m▲ 25.6%€6.8m▲ 9.6%€6.8m▼ 0.1%

Total assets€8.9m-€9.9m▲ 11.4%€11.1m▲ 12.6%€11.7m▲ 5.4%€11.7m=

Debt€4.5m-€4.9m▲ 9.0%€4.9m▼ 0.5%€4.9m▲ 0.2%€4.9m▲ 0.2%

Working capital-€0.1m--€0.6m▼ 289%-€0.3m▲ 40.1%€0.3m€0.3m▼ 2.0%

Balance-sheet composition

2018 in colour, 2017 as the grey bar beneath

Assets €11.7m

92.6%

Fixed assets €10.9m =

Current assets €872,697 ▲ 0.5%

Equity and liabilities €11.7m

58.2%

41.8%

Equity €6.8m ▼ 0.1%

Debt €4.9m ▲ 0.2%

Debt's share of the balance-sheet total rises from 41.8% to 41.8%. Equity is lower and debt is higher.

Key figures and ratios

2018 value · change against 2017

Current ratio

1.57▼

2017 · 1.59

Debt to equity

0.64▲

2017 · 0.64

ROE

-0.1%▼

2017 · 8.7%

ROA

-0.1%▼

2017 · 5.1%

Debt ≤ 1 year

€557,376▲

2017 · €546,547

Debt > 1 year

€4.4m=

2017 · €4.4m

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2018 against 2017 · 22 lines

Balance sheet Code20172018

Assets

Total assets20/58€11.7m€11.7m=

Fixed assets21/28€10.9m€10.9m=

Tangible fixed assets22/27€0.1m€0.1m=

Financial fixed assets28€10.8m€10.8m=

Current assets29/58€0.9m€0.9m▲

Amounts receivable within one year40/41€0.9m€0.9m▲

Equity and liabilities

Total equity and liabilities10/49€11.7m€11.7m=

Equity10/15€6.8m€6.8m▼

Contributions10/11€12.0m€12.0m=

Reserves13€0.2m€0.2m=

Profit (loss) carried forward14-€5.4m-€5.4m▼

Amounts payable17/49€4.9m€4.9m▲

Amounts payable after more than one year17€4.4m€4.4m=

Amounts payable within one year42/48€0.5m€0.6m▲

Trade debts44€0.01m€166▼

Income statement Code20172018

Operating profit (loss)9901-€0.003m-€0.006m▼

Recurring financial charges65€0.04m€474▼

Debt charges650€0.04m-

Profit (loss) for the period before taxes9903€0.6m-€0.006m▼

Income taxes67/77€0.003m-

Profit (loss) for the period9904€0.6m-€0.006m▼

Profit (loss) for the period to be appropriated9905€0.6m-€0.006m▼

Source: Annual accounts 2018 (PDF), filed on 09-05-2019.

Line	2014	2015	2016	2017	2018	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€0.02m	€0.02m	€0.02m	-	-	-
Operating profit (loss)9901	€0.07m	€0.07m	€1.2m	-€0.003m	-€0.006m	▼ 125%
Recurring financial income75	€0.04m	€0.03m	€0.03m	-	-	-
Recurring financial charges65	€0.07m	€0.06m	€0.04m	€0.04m	€474	▼ 98.7%
Debt charges650	€0.07m	€0.05m	€0.04m	€0.04m	-	-
Profit (loss) for the period before taxes9903	€0.2m	€0.6m	€1.3m	€0.6m	-€0.006m	-
Income taxes67/77	€0	-	-	€0.003m	-	-
Profit (loss) for the period9904	€0.2m	€0.6m	€1.3m	€0.6m	-€0.006m	-
Profit (loss) for the period to be appropriated9905	€0.2m	€0.6m	€1.3m	€0.6m	-€0.006m	-

Line	2014	2015	2016	2017	2018	Change
Assets
Total assets20/58	€8.9m	€9.9m	€11.1m	€11.7m	€11.7m	=
Fixed assets21/28	€8.9m	€9.9m	€10.9m	€10.9m	€10.9m	=
Tangible fixed assets22/27	€1.0m	€1.0m	€0.1m	€0.1m	€0.1m	=
Financial fixed assets28	€7.9m	€8.9m	€10.8m	€10.8m	€10.8m	=
Current assets29/58	€0.01m	€0.003m	€0.2m	€0.9m	€0.9m	▲ 0.5%
Amounts receivable within one year40/41	€15	€15	€0.2m	€0.9m	€0.9m	▲ 0.5%
Cash at bank and in hand54/58	€0.008m	€0.002m	-	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€8.9m	€9.9m	€11.1m	€11.7m	€11.7m	=
Equity10/15	€4.4m	€5.0m	€6.2m	€6.8m	€6.8m	▼ 0.1%
Contributions10/11	€12.0m	€12.0m	€12.0m	€12.0m	€12.0m	=
Reserves13	€0.2m	€0.2m	€0.2m	€0.2m	€0.2m	=
Profit (loss) carried forward14	-€7.9m	-€7.3m	-€6.0m	-€5.4m	-€5.4m	▼ 0.1%
Amounts payable17/49	€4.5m	€4.9m	€4.9m	€4.9m	€4.9m	▲ 0.2%
Amounts payable after more than one year17	€4.4m	€4.4m	€4.4m	€4.4m	€4.4m	=
Amounts payable within one year42/48	€0.2m	€0.6m	€0.5m	€0.5m	€0.6m	▲ 2.0%
Trade debts44	€0.006m	€0.005m	€0.003m	€0.01m	€166	▼ 98.3%

Line	2014	2015	2016	2017	2018	Change
Profit (loss) for the period9904	€0.2m	€0.6m	€1.3m	€0.6m	-€0.006m	-
+ Depreciation and write-downs630	€0.02m	€0.02m	€0.02m	-	-	-
Operating cash flow (approximation)	€0.2m	€0.6m	€1.3m	€0.6m	-€0.006m	-
Investment in fixed assets (approximation)	-	-€1.0m	-€1.1m	€0.06m	€0	▼ 100%
Change in cash	-	-€0.006m	-	-	-	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 32 filings with the National Bank

Financial year	Type	Filed	Reference	Document
30-06-2018	full format	09-05-2019	2019-12800425	PDF
31-12-2017	full format	16-05-2018	2018-13100019	PDF
31-12-2016	full format	13-06-2017	2017-17300044	PDF
31-12-2015	full format	09-05-2016	2016-11700583	PDF
31-12-2014	full format	08-05-2015	2015-11700275	PDF
31-12-2013	full format	09-05-2014	2014-12000268	PDF
31-12-2012	full format	08-05-2013	2013-11600231	PDF
31-12-2011	full format	21-06-2012	2012-19800518	PDF
31-12-2010	full format	11-05-2011	2011-11000445	PDF
31-12-2009	full format	24-06-2010	2010-24300453	PDF

Show all 32 filings

Board & ownership

Directors

Office holders in the KBO →

Owners and capital

Shareholders

4 owners

Chain of control

NV AVEVE consolidates
M.R.B.B. CVBA consolidates
HORSBEEK

AVEVEparent
Sourceown accounts 30-06-2018
Equity €43.0m Loss of €4.2m in 2025 (loss of €1.3m in 2024) Checked score 55

99.99%
M.R.B.B. CVBAconsolidating parent
Sourceparent in own accounts 30-06-2018
Equity €4.13bn Profit of €236.6m in 2025 (profit of €345.8m in 2024)

consolidates
NV AVEVEconsolidating parent
Sourceparent in own accounts 30-06-2018
Equity €43.0m Loss of €4.2m in 2025 (loss of €1.3m in 2024) Checked score 55

consolidates
Cobelal
Sourceown accounts 30-06-2018
Equity €36.7m Profit of €2.1m in 2025 (loss of €236,194 in 2024) Checked score 90

0.01%

Network & group

Acquisitions and mergers

1 transaction

Taken over by:AVEVE

BE 0403.552.464merger by absorption · Gazette deed of 30-01-2019 (2 acts) · effective 21-12-2018

Connections & network

Depth

The network starts from the shareholders of HORSBEEK. Every company they also own or run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 18Financial 4Gazette 4Filings 10

2019

09-05

NBB filing Annual accounts 2018 filedPDF

full format · 98 days late

30-01

Gazette deed General meeting · MergerPDF

Accounting effect · Power of attorney

22-01

Gazette deed Restructuring · End & cessationPDF

2018

28-11

Gazette deed Merger · Accounting effectPDF

Capital · Corporate purpose

30-06

Financial Weakest financial yearnet -€6,381

The net result drops to -€6,381, the lowest from 2014 to 2018.

16-05

NBB filing Annual accounts 2017 filedPDF

full format · 76 days before the deadline

2017

31-12

Financial Liquidity more than quadruplescurrent ratio 1.59

The current ratio rises from 0.38 to 1.59.

13-06

NBB filing Annual accounts 2016 filedPDF

full format · 48 days before the deadline

2016

31-12

Financial Highest result from 2014 to 2018net €1.3m ▲109%

The operating result of €1.2m and the net result of €1.3m are both a record.

31-12

Financial Equity above €5mequity €6.2m ▲25.6%

With a profit in every financial year since 2014, equity grows to €6.2m.

09-05

NBB filing Annual accounts 2015 filedPDF

full format · 83 days before the deadline

2015

08-05

NBB filing Annual accounts 2014 filedPDF

full format · 84 days before the deadline

Show earlier events

2014

09-05

NBB filing Annual accounts 2013 filedPDF

full format · 83 days before the deadline

2013

08-05

NBB filing Annual accounts 2012 filedPDF

full format · 84 days before the deadline

2012

21-06

NBB filing Annual accounts 2011 filedPDF

full format · 40 days before the deadline

2011

11-05

NBB filing Annual accounts 2010 filedPDF

full format · 81 days before the deadline

2010

24-06

NBB filing Annual accounts 2009 filedPDF

full format · 37 days before the deadline

1987

22-01

Gazette deed Incorporation

38 publications in the Belgian Official Gazette, the last on 22-01-2019

Show all 32 filings

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

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

HORSBEEK has filed 32 sets of annual accounts, the latest for financial year 2018.¹ In 2018 the company was absorbed by merger into AVEVE.²

Company details

Inactive

Absorbed by AVEVE in December 2018

HORSBEEK is no longer in the KBO register. AVEVE took it over in a merger by absorption, published in the Belgian Official Gazette on 30 January 2019.

Status: Inactive
Reason: Merger by absorptionBelgian Official Gazette, 30 January 2019 · act
Absorbed by: AVEVE · 0403.552.464
Last annual accounts: financial year to 30 June 2018
Last registered office: Eugeen Meeusstraat 6, 2170 Merksemas published on 22 January 2019
Legal form: Public limited company
First annual accounts: financial year 1987

Official KBO record

Overview

Overview

Official details

Board and ownership

Financial position

Financials

Financials · financial year 2018, full format

Board & ownership

Directors

Owners and capital

Shareholders

Owners 4

Network & group

Acquisitions and mergers

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Absorbed by AVEVE in December 2018