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HORSEPOWER GROUP

Active
Private limited companyfounded 2024active for 2 yearsOmstraat 47D, 3720 Hasselt, BelgiumKBO/BCE: BE 1008.678.254
Summary

HORSEPOWER GROUP has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116,820 and a net result of €65,507. Its solvency ranks better than 79% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

Source: KBO
Status
Active since 23-04-2024 Normal situation
Activity
Engineering and related technical consultancy, excluding land surveyors NACE 71121
Establishment unit
2.358.965.665 3720 Hasselt, since 23-04-2024
Financial year end
31 December
Peppol
Reachable since 17-03-2025

Board and ownership

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€97,490
▲ 46.9%
Turnover
≈ €210,000
estimated
Profit
€65,507
▲ 35.6%
Equity
€116,820
▲ 128%
Total assets
€146,591
▲ 126%
  • 2025 accounts filed 47 days after the deadline
Filed on 16-09-2026
Score breakdownraises riskLast filed accounts filed 47 days late; 2 of the last 3 accounts lateSize: total assets €146,591lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 2.15, cash €34,578Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 82% of micro companies in architecture and engineering (NACE 71)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 79.7% of total assets
Liquidity 73+19
short-term debt 20.3% · cash 23.6%
Profitability 100=
return on assets 44.7%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,825 companies, NACE 71, micro)
Last 24 months 05-2025: 0.5% 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.6%▲ +0.1 percentage points vs 09-2025 11-2025: 0.5%▼ -0.1 percentage points vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.6%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.9%▲ +0.3 percentage points vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.8 percentage points vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €10,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.15 (2.3 in 2024), above the usual 1.5. Short-term debt is 20.3% and cash 23.6% of total assets. 20.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 61% on liquidity, 88% on profitability and 93% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Liquidity: current ratio 2.15, cash €34,578
NBB · annual accounts
raises risk · Last filed accounts filed 47 days late; 2 of the last 3 accounts late
NBB · filings
raises risk · Size: total assets €146,591
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
raises risk · 2025 accounts filed 47 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
47 days late
2024
60 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 54 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Key points

  • Positive: Equity rose in 2025from €51,312 to €116,820 ▲ 128% View
  • Positive: Higher net result than 85% of companies in architecture and engineeringsector median €16,710 · 11,762 companies €65,507 View

Recent changes

  1. · Gazette deed IncorporationStarting capital €3,000 · Appointment: JANSSEN Mathijs Jan Mario (director)
All 4 events

Comparable companies

These companies have the same main activity as HORSEPOWER GROUP: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €140,000 and €184,000, founded in 2024.

CompanyTotal assetsGross margin
HORSEPOWER GROUP Hasselt€146,591€97,490
OPEX PARTNER Tessenderlo-Ham€139,599€93,054
MONTIBO Maaseik€156,639€105,856
FRIPOLE Dilsen-Stokkem€184,047€106,589
METRIC6 Gembloux€142,167€99,203
Cantor Technologies Oudergem€148,321€102,258
ERS SRL Charleroi€154,310€97,014
Full comparison

Key facts about HORSEPOWER GROUP

What is the company number of HORSEPOWER GROUP?
The company number of HORSEPOWER GROUP is 1008.678.254. The VAT number is the same number with BE in front: BE 1008.678.254.
Where is HORSEPOWER GROUP based?
The registered office is at Omstraat 47D, 3720 Hasselt.Company details
What does HORSEPOWER GROUP do?
According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
What is the legal form of HORSEPOWER GROUP?
The legal form of HORSEPOWER GROUP is Private limited company (BV).
When was HORSEPOWER GROUP founded?
HORSEPOWER GROUP was founded on 23-04-2024.
Is HORSEPOWER GROUP still active?
Yes, HORSEPOWER GROUP is an active enterprise in the KBO register.
What is the turnover of HORSEPOWER GROUP?
The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €97,490 and 45 comparable companies (NACE 711). It probably lies between €160,000 and €290,000.Financials
Is HORSEPOWER GROUP profitable?
In financial year 2025, HORSEPOWER GROUP made a profit of €65,507.
Where can I find the annual accounts of HORSEPOWER GROUP?
HORSEPOWER GROUP filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HORSEPOWER GROUP due?
HORSEPOWER GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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