HorsePower
The computed 12-month bankruptcy probability of HorsePower is 0.7% (low). The 2025 annual accounts show negative equity (€-12k) and a net result of €4k. Equity is shrinking by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 217 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-12k |
| Net result | €4k |
| Better than sector | 5% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -193.5% | 22.8% | |
| Net result | €4k | €10k | |
| Equity | €-12k | €66k | |
| Gross operating margin | €5k | €51k | |
| Total assets | €6k | €279k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €5k |
| Net profit | €4k |
| Cash flow | €5k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €6k |
| Equity | €-12k |
| Debt | €18k |
| of which ≤ 1y | €18k |
| of which > 1y | - |
| Working capital | €-12k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.33 |
| Quick ratio | 0.33 |
| Working capital ratio | -196.2% |
| Solvency | -193.5% |
| Debt / equity | -1.52 |
| Long-term debt ratio | - |
| Interest coverage | 45.68 |
| Gross margin | - |
| Net margin | - |
| ROA | 73.4% |
| ROE | -37.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6k |
| Fixed assets | 21/28 | €162 |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €162 |
| Current assets | 29/58 | €6k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €191 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6k |
| Equity | 10/15 | €-12k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-15k |
| Amounts payable | 17/49 | €18k |
| Amounts payable within one year | 42/48 | €18k |
| Trade debts payable within one year | 44 | €7k |
| Income statement | ||
| Gross operating margin | 9900 | €5k |
| Operating result | 9901 | €5k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €118 |
| Result before taxes | 9903 | €4k |
| Net result for the period | 9904 | €4k |
| Result to be appropriated | 9905 | €4k |
| NACE primary | Agriculture(01430) |
| Legal form | Private limited company(610) |
| Incorporation | 15-03-2021 |
| Status | Active |
| Postal code | 1370 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25049A0195/00C000 | Wallonia | 1,947 m² | 1 · 84 m² | 13.1 m · 4 fl. |
| 24053B0122/00X003 | Flanders | 1,220 m² | 1 · 133 m² | 10.3 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
23-09-2025 Registered office moved from Korbeek-Lo to Jodoigne
- Tiensestenweg 65, 3360 Korbeek-Lo → Rue du Pont à la Cambe 46 in 1370 Jodoigne-Souveraine
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue du Pont \u00E0 la Cambe 46 in 1370 Jodoigne-Souveraine",
"city": "Jodoigne",
"region": "waals_gewest",
"street": "Rue du Pont \u00E0 la Cambe",
"country": "BE",
"postcode": "1370",
"box_number": null,
"street_number": "46",
"locality_suffix": "Souveraine"
},
"old_address": {
"raw": "Tiensestenweg 65, 3360 Korbeek-Lo",
"city": "Korbeek-Lo",
"region": "vlaams_gewest",
"street": "Tiensesteenweg",
"country": "BE",
"postcode": "3360",
"box_number": null,
"street_number": "65",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": true,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "LEUVEN",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-09-23",
"filing_date": "2025-09-15",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2025-08-07",
"unanimous": null
},
"subject_company": {
"kbo": "0765.203.108",
"name_full": "HorsePower",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Dierickx Johan",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | HorsePower |