HORSE'S MIND
ActiveHORSE'S MIND has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €1k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 4622 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▼-9
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
cash: 87.6% of total assets, and 6.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.3%
Return on assets
17.5%
Age of the figures
9 mo
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 07-05-2026, 85 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
85 d early
2024
27 d late
2023
26 d late
2022
6 d early
2021
30 d late
2020
27 d late
2019
88 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▲ 23.1%
2024 · €5k
2018: €5k
2019: €3k
2020: €3k
2021: €4k
2022: €4k
2023: €4k
2024: €5k
2018 → 2025
Total assets
€6k▲ 29.2%
2024 · €5k
2018: €6k
2019: €4k
2020: €6k
2021: €7k
2022: €5k
2023: €6k
2024: €5k
2018 → 2025
Net result
€1k▼ 14.6%
2024 · €1k
2018: €-75
2019: €-2k
2020: €126
2021: €868
2022: €-452
2023: €-248
2024: €1k
2018 → 2025
Working capital
€4k▲ 84.4%
2023 · €2k
2018: €5k
2019: €3k
2020: €3k
2021: €4k
2022: €4k
2023: €2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€4k▼ 10.7%€4k▼ 6.6%€5k▲ 36.9%€6k▲ 23.1%
Operating result€987-€-325€-104▲ 68.0%€1k€1k▼ 15.5%
Net result€868-€-452€-248▲ 45.2%€1k€1k▼ 14.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €6k
Equity
€6k▲ 23.1%
Debt
€427▲ 313%
The debt ratio rises from 2.1% to 6.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2k▼
2024 · €2k
Cash flow
€1k▼
2024 · €2k
Solvency
93.3%
Debt / equity
0.07
ROE
18.7%
ROA
17.5%
Interest coverage
13.34▲
2024 · 11.64
Debt
€427▲
2024 · €103
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5k€6k▲
Formation expenses20€1k€757▼
Current assets29/58€4k€6k▲
Amounts receivable within one year40/41€0-
Trade receivables40€0-
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1-€30
Equity and liabilities
Total equity and liabilities10/49€5k€6k▲
Equity10/15€5k€6k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-1k€-293▲
Amounts payable17/49€103€427▲
Amounts payable within one year42/48€0-
Trade debts44€0-
Suppliers440/4€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€103€427▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€342€342=
Other operating charges640/8€387€400▲
Gross operating margin9900€2k€2k▼
Operating profit (loss)9901€1k€1k▼
Financial charges65/66B€154€117▼
Recurring financial charges65€154€117▼
Profit (loss) for the period before taxes9903€1k€1k▼
Profit (loss) for the period9904€1k€1k▼
Profit (loss) for the period to be appropriated9905€1k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-293▲
Profit (loss) brought forward from the previous period14P€-3k€-1k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.77
Current ratio from 2.50 to 5.77; short-term debt falls from €3k to €786.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €126
Net result €126 after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 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, Sint-Pieters-Leeuw · 1 establishment unit since 2009
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.
Halleweg 61600 Sint-Pieters-LeeuwGround area
1,315 m²
Building footprint
122 m²
Volume, LiDAR
636 m³
Parcel 23583H0427/00D000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Horse's Mind
since 20092.176.933.881
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23583H0427/00D000 | Flanders | 1,315 m² | 1 · 122 m² | 7.7 m · 2 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 1,024 companies in sector 96994 we hold annual accounts for 56. 31 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2009
Fiscal year end31-12
Activities, NACEBEL
96994Pet training
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.