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HORSE-INFINITY

Active
Private limited companyfounded 20242 yrs activeAvenue de Maire(TOU) 44, 7500 Tournai, BelgiumKBO/BCE: BE 1010.658.737
Summary

The computed 12-month bankruptcy probability of HORSE-INFINITY is 1.8% (moderate). The 2025 annual accounts show negative equity (-€23,625) and a net result of -€20,109. Its solvency ranks better than 5% of 3507 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-7
Growth58
Track record82
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.26 in 2024; short-term debt: 261% and cash: 0% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
-161%
Return on assets
-137%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€23,625
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 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
23 d early
2024
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 June 2024, HORSE-INFINITY was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€23,625▼ 572%
2024 · -€3,516
Total assets
€14,678▼ 26.2%
2024 · €19,888
Net result
-€20,109▲ 14.5%
2024 · -€23,516
Working capital
-€35,897▼ 108%
2024 · -€17,227
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€23,443--€20,095▲ 14.3%
Net result-€23,516below the sector's middle half--€20,109below the sector's middle half▲ 14.5%
Equity-€3,516below the sector's middle half--€23,625below the sector's middle half▼ 572%
Total assets€19,888below the sector's middle half-€14,678below the sector's middle half▼ 26.2%
Debt€23,404-€38,302▲ 63.7%
Working capital-€17,227below the sector's middle half--€35,897below the sector's middle half▼ 108%
Solvency-17.7%below the sector's middle half--161.0%below the sector's middle half▼ 143.3pp
Current ratio0.26below the sector's middle half-0.06below the sector's middle half▼ 0.20
Return on assets (ROA)-118.2%below the sector's middle half--137.0%below the sector's middle half▼ 18.8pp
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€30,000-€20,000-€10,000€0Operating result 2024: -€23,443-€23,443Net result 2024: -€23,516-€23,516Operating result 2025: -€20,095-€20,095Net result 2025: -€20,109-€20,10920242025-€30,000-€20,000-€10,000€0Operating result 2024: -€23,443-€23,400Net result 2024: -€23,516-€23,500Operating result 2025: -€20,095-€20,100Net result 2025: -€20,109-€20,10020242025
The operating result stays negative: a loss of €20,095 in 2025 against €23,443 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,678
Fixed assets €12,272 ▼ 10.5%
Current assets €2,406 ▼ 61.1%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€18,656▲
2024 · -€22,768
Cash flow
-€18,670▲
2024 · -€22,842
Quick ratio
0.02▼
2024 · 0.26
Debt to equity
-1.62▲
2024 · -6.66
Interest coverage
-1315.66▼
2024 · -309.85
Debt ≤ 1 year
€38,302▲
2024 · €23,404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,657 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€19,888€14,678▼
Fixed assets21/28€13,711€12,272▼
Tangible fixed assets22/27€13,711€12,272▼
Plant, machinery and equipment23€13,711€12,272▼
Current assets29/58€6,177€2,406▼
Stocks and contracts in progress3-€1,680
Stocks30/36-€1,680
Amounts receivable within one year40/41€1,755€686▼
Other amounts receivable41€1,755€686▼
Cash at bank and in hand54/58€4,422€6▼
Deferred charges and accrued income490/1-€34
Equity and liabilities
Total equity and liabilities10/49€19,888€14,678▼
Equity10/15-€3,516-€23,625▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€23,516-€43,625▼
Amounts payable17/49€23,404€38,302▲
Amounts payable within one year42/48€23,404€38,302▲
Trade debts44€14,699€1,161▼
Suppliers440/4€14,699€1,161▼
Other amounts payable47/48€8,705€37,141▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€674€1,439▲
Other operating charges640/8€2,137-
Gross operating margin9900-€20,631-€18,656▲
Operating profit (loss)9901-€23,443-€20,095▲
Financial charges65/66B€73€14▼
Recurring financial charges65€73€14▼
Profit (loss) for the period before taxes9903-€23,516-€20,109▲
Profit (loss) for the period9904-€23,516-€20,109▲
Profit (loss) for the period to be appropriated9905-€23,516-€20,109▲
Appropriation of the result
Profit (loss) to be appropriated9906-€23,516-€43,625▼
Profit (loss) brought forward from the previous period14P--€23,516

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€674€1,439▲ 113%
Other operating charges640/8€2,137--
Gross operating margin9900-€20,631-€18,656▲ 9.6%
Operating profit (loss)9901-€23,443-€20,095▲ 14.3%
Financial charges65/66B€73€14▼ 80.7%
Recurring financial charges65€73€14▼ 80.7%
Profit (loss) for the period before taxes9903-€23,516-€20,109▲ 14.5%
Profit (loss) for the period9904-€23,516-€20,109▲ 14.5%
Profit (loss) for the period to be appropriated9905-€23,516-€20,109▲ 14.5%
Line20242025Change
Assets
Total assets20/58€19,888€14,678▼ 26.2%
Fixed assets21/28€13,711€12,272▼ 10.5%
Tangible fixed assets22/27€13,711€12,272▼ 10.5%
Plant, machinery and equipment23€13,711€12,272▼ 10.5%
Current assets29/58€6,177€2,406▼ 61.1%
Stocks and contracts in progress3-€1,680-
Stocks30/36-€1,680-
Amounts receivable within one year40/41€1,755€686▼ 60.9%
Other amounts receivable41€1,755€686▼ 60.9%
Cash at bank and in hand54/58€4,422€6▼ 99.9%
Deferred charges and accrued income490/1-€34-
Equity and liabilities
Total equity and liabilities10/49€19,888€14,678▼ 26.2%
Equity10/15-€3,516-€23,625▼ 572%
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€23,516-€43,625▼ 85.5%
Amounts payable17/49€23,404€38,302▲ 63.7%
Amounts payable within one year42/48€23,404€38,302▲ 63.7%
Trade debts44€14,699€1,161▼ 92.1%
Suppliers440/4€14,699€1,161▼ 92.1%
Other amounts payable47/48€8,705€37,141▲ 327%
Line20242025Change
Profit (loss) for the period9904-€23,516-€20,109▲ 14.5%
+ Depreciation and write-downs630€674€1,439▲ 113%
Operating cash flow (approximation)-€22,842-€18,670▲ 18.3%
Investment in fixed assets (approximation)-€0-
Change in cash--€4,416-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Tournai · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
2,864 m²
Building footprint
94 m²
Volume, LiDAR
495 m³
Parcel 57463L0182/00D002, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de Maire(TOU) 44, 7500 Tournai
Agents in non-specialised wholesale trade
since 20242.365.068.054
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57463L0182/00D002 Wallonia 2,864 m² 1 · 94 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,838 companies in sector 74111 we hold annual accounts for 1,006. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
47639Retail sale of other sporting goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010658737
Registered 13-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.