Equity
€63,999 ▲ 37×
Equity rose in 2025 from €1,740 to €63,999.
HORSEMAC
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €104,659 (2025)
€104,659▲ 35.7%
lowest -€53,826 (2023)
€62,259▲ 48.0%
peak €63,999 (2025)
€63,999▲ 37×
€229,479▼ 46.4%
peak 0.2 FTE (2010)
-not published
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €77,099 to €104,659Result from €42,072 to €62,259Equity from €1,740 to €63,999Debts from €428,322 to €229,479
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,820 companies had the same profile as HORSEMAC has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.8%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,820 companies, not a prediction for HORSEMAC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0461459484
Amendment of the articles · Legal-form change · Resignations & appointments
General meeting of 20-12-2023 · Gazette deed
First establishment
Doorndonkeindeken 38, Lokeren
Incorporation
published on 26-09-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HORSEMAC Lokeren | €293,478 | €104,659 | 21.8% | - |
| ALL MARKETS COMPANY Buggenhout | €325,661 | €110,379 | 90.5% | - |
| INNODOOR Oudenaarde | €298,353 | €95,427 | 81.2% | - |
| XANA Lochristi | €274,119 | €99,980 | 64.0% | - |
| T&A Adviesbureau Stekene | €268,025 | €98,521 | 43.9% | 0.5 |
| POSSIBEL Deinze | €265,245 | €84,943 | 40.0% | - |
| TRACE IT Herzele | €376,057 | €108,362 | 11.8% | - |
These companies have the same main activity as HORSEMAC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €265,000 and €376,000, founded between 1997 and 2000.
Official details
Source: KBO- Status
- Active since 17-09-1997Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Establishment unit
- 2.083.756.4739160 Lokeren, since 27-01-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Insights on HORSEMAC
HORSEMAC files the micro format. That format states no turnover. The gross margin rose from €17,983 in 2006 to €104,659 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HORSEMAC
- What is the company number of HORSEMAC?
- The company number of HORSEMAC is 0461.459.484. The VAT number is the same number with BE in front: BE 0461.459.484.
- Where is HORSEMAC based?
- The registered office is at Doorndonkeindeken 38, 9160 Lokeren.Company details
- What does HORSEMAC do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of HORSEMAC?
- HORSEMAC is a private limited company (BV).
- When was HORSEMAC founded?
- HORSEMAC was founded on 17-09-1997.
- Is HORSEMAC still active?
- Yes, HORSEMAC is an active enterprise in the KBO register.
- What is the turnover of HORSEMAC?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €104,659 and 109 comparable companies (NACE 70200). It probably lies between €150,000 and €210,000.Financials
- Is HORSEMAC profitable?
- In financial year 2025, HORSEMAC made a profit of €62,259.
- Where can I find the annual accounts of HORSEMAC?
- HORSEMAC filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HORSEMAC due?
- HORSEMAC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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