HORSE-MANITY
ActiveHORSE-MANITY has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8k and a net result of €-2k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 31% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-21
Solvency46▼-38
Growth78=
Track record94
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 0.57 against 1.78 in 2023; short-term debt: 78.8% and cash: 43.2% of total assets), and 78.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
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
21.2%
Return on assets
-4.6%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
23 d late
2022
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€8k▼ 17.8%
2023 · €10k
2022: €8k
2023: €10k
2022 → 2024
Total assets
€40k▲ 130%
2023 · €17k
2022: €9k
2023: €17k
2022 → 2024
Net result
€-2k
2023 · €2k
2022: €-2k
2023: €2k
2022 → 2024
Working capital
€-14k
2023 · €6k
2022: €8k
2023: €6k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€8k-€10k▲ 25.9%€8k▼ 17.8%
Operating result€-2k-€3k€-2k
Net result€-2k-€2k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €3k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€22k▲ 365%
Current assets
€18k▲ 41.3%
Equity and liabilities €40k
Equity
€8k▼ 17.8%
Debt
€31k▲ 344%
The debt ratio rises from 40.8% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▼
2023 · €3k
Cash flow
€1k▼
2023 · €3k
Solvency
21.2%▼
2023 · 59.2%
Current ratio
0.57▼
2023 · 1.78
Quick ratio
0.57▼
2023 · 1.78
Debt / equity
3.72▲
2023 · 0.69
ROE
-21.7%▼
2023 · 20.5%
ROA
-4.6%▼
2023 · 12.2%
Interest coverage
18.54▼
2023 · 44.83
Debt
€31k▲
2023 · €7k
Debt ≤ 1 year
€31k▲
2023 · €7k
Income taxes
€78▼
2023 · €334
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€17k€40k▲
Fixed assets21/28€5k€22k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€3k€21k▲
Furniture and vehicles24€3k€21k▲
Current assets29/58€13k€18k▲
Amounts receivable within one year40/41€3k€379▼
Trade receivables40€3k€0▼
Other amounts receivable41-€379
Cash at bank and in hand54/58€9k€17k▲
Deferred charges and accrued income490/1-€219
Equity and liabilities
Total equity and liabilities10/49€17k€40k▲
Equity10/15€10k€8k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€221€-2k▼
Amounts payable17/49€7k€31k▲
Amounts payable within one year42/48€7k€31k▲
Trade debts44€246€795▲
Suppliers440/4€246€795▲
Advances received on contracts in progress46-€169
Taxes, remuneration and social security45€1k€78▼
Taxes450/3€1k€78▼
Other amounts payable47/48€6k€30k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€590€3k▲
Other operating charges640/8€164€251▲
Gross operating margin9900€3k€2k▼
Operating profit (loss)9901€3k€-2k▼
Financial income75/76B€0€67▲
Recurring financial income75€0€67▲
Financial charges65/66B€69€69▲
Recurring financial charges65€69€69▲
Profit (loss) for the period before taxes9903€2k€-2k▼
Income taxes67/77€334€78▼
Profit (loss) for the period9904€2k€-2k▼
Profit (loss) for the period to be appropriated9905€2k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€221€-2k▼
Profit (loss) brought forward from the previous period14P€-2k€221▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, La Hulpe
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.
Rue du Warché 11310 La HulpeGround area
2,060 m²
Building footprint
312 m²
Volume, LiDAR
2,360 m³
Parcel 25050D0203/00C000, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050D0203/00C000 | Wallonia | 2,060 m² | 1 · 312 m² | 9.3 m · 3 fl. |
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.
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Of 13,489 companies in sector 85510 we hold annual accounts for 717. 510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2022
Fiscal year end31-12
Activities, NACEBEL
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.