HORTA CONSTRUCT
ActiveSummary
HORTA CONSTRUCT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,359 and a net result of €4,353. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 1,538 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Staff
- ≈ 1.3 FTE, estimated
- Equity
- €2,359
- Profit
- €4,353
Why 81raises riskSector: Services to buildings and landscape activities (NACE 81)Equity €2,359 (5.9% of total assets)lowers riskSize: total assets €40,015Founded in 2007Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 81, micro): better than 15% on solvency, 8% on liquidity, 63% on profitability and 95% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €4,353
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €4,375 after a loss of €1,792 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 81, Services to buildings and landscape activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,325 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €106,944 | €75,779 | €92,809 | €91,589 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €99,853 | €108,009 | €217,554 | €165,167 | €160,961 | ▼ 2.5% |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €61,957 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,132 | €3,207 | €299 | €726 | €541 | €680 | €307 | €321 | ▲ 4.4% |
| Other operating charges640/8 | - | - | - | €462 | €843 | €199 | €536 | €697 | ▲ 30.1% |
| Non-recurring operating charges66A | - | - | - | €53 | - | €58 | €442 | - | - |
| Gross operating margin9900 | -€1,694 | -€1,428 | -€6,590 | -€3,890 | €10,236 | -€786 | -€507 | €67,350 | - |
| Operating profit (loss)9901 | -€4,975 | -€5,132 | -€7,385 | -€5,131 | €8,852 | -€1,723 | -€1,792 | €4,375 | - |
| Financial income75/76B | - | - | - | €3 | €0 | €57 | €121 | €0 | ▼ 99.9% |
| Recurring financial income75 | €493 | €120 | €547 | €3 | €0 | €57 | €121 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €305 | €1,592 | €356 | €360 | €279 | ▼ 22.4% |
| Recurring financial charges65 | €166 | €22 | €207 | €305 | €392 | €356 | €360 | €279 | ▼ 22.4% |
| Non-recurring financial charges66B | - | - | - | - | €1,200 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,648 | -€5,034 | -€7,045 | -€5,434 | €7,260 | -€2,022 | -€2,031 | €4,095 | - |
| Income taxes67/77 | - | €62 | €114 | - | €141 | €706 | -€539 | -€257 | ▲ 52.3% |
| Profit (loss) for the period9904 | -€4,648 | -€5,097 | -€7,159 | -€5,434 | €7,119 | -€2,728 | -€1,492 | €4,353 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,648 | -€5,097 | -€7,159 | -€5,434 | €7,119 | -€2,728 | -€1,492 | €4,353 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €20,415 | €13,958 | €26,144 | €15,540 | €22,677 | €28,679 | €43,978 | €40,015 | ▼ 9.0% |
| Fixed assets21/28 | €2,981 | €453 | €1,654 | €928 | €1,552 | €1,243 | €936 | €1,490 | ▲ 59.2% |
| Tangible fixed assets22/27 | €2,981 | €453 | €1,654 | €928 | €1,552 | €1,243 | €936 | €1,280 | ▲ 36.8% |
| Furniture and vehicles24 | - | - | - | €928 | €1,552 | €1,243 | €936 | €1,280 | ▲ 36.8% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €210 | - |
| Current assets29/58 | €17,434 | €13,506 | €24,490 | €14,612 | €21,125 | €27,436 | €43,042 | €38,525 | ▼ 10.5% |
| Amounts receivable within one year40/41 | €10,231 | €9,663 | €15,520 | €10,907 | €16,902 | €25,326 | €30,722 | €34,803 | ▲ 13.3% |
| Trade receivables40 | - | - | - | €7,906 | €11,480 | €12,545 | €29,203 | €32,402 | ▲ 11.0% |
| Other amounts receivable41 | - | - | - | €3,001 | €5,422 | €12,781 | €1,519 | €2,401 | ▲ 58.1% |
| Cash at bank and in hand54/58 | €7,203 | €3,843 | €2,132 | €3,705 | €4,223 | €2,110 | €12,320 | €3,722 | ▼ 69.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €20,415 | €13,958 | €26,144 | €15,540 | €22,677 | €28,679 | €43,978 | €40,015 | ▼ 9.0% |
| Equity10/15 | €12,796 | €7,700 | €541 | -€4,893 | €2,226 | -€502 | -€1,994 | €2,359 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €20,400 | €20,400 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €20,400 | €20,400 | = |
| Other1109/19 | - | - | - | - | - | - | €20,400 | €20,400 | = |
| Reserves13 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,800 | €1,800 | €1,800 | - | - | - |
| Legal reserve130 | - | - | - | €1,800 | €1,800 | €1,800 | - | - | - |
| Profit (loss) carried forward14 | -€7,604 | -€12,700 | -€19,859 | -€25,293 | -€18,175 | -€20,902 | -€22,394 | -€18,041 | ▲ 19.4% |
| Amounts payable17/49 | €7,618 | €6,258 | €25,603 | €20,433 | €20,451 | €29,181 | €45,972 | €37,656 | ▼ 18.1% |
| Amounts payable within one year42/48 | €7,136 | €6,258 | €25,603 | €20,433 | €20,451 | €29,181 | €45,972 | €37,656 | ▼ 18.1% |
| Trade debts44 | €6,136 | €5,258 | €4,797 | €7,933 | €7,810 | €21,859 | €38,830 | €15,929 | ▼ 59.0% |
| Suppliers440/4 | - | - | - | €7,933 | €7,810 | €21,859 | €38,830 | €15,929 | ▼ 59.0% |
| Advances received on contracts in progress46 | - | - | - | €10,000 | €10,000 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,500 | €2,641 | €3,747 | €2,157 | €3,978 | ▲ 84.4% |
| Taxes450/3 | - | - | - | €2,500 | €2,641 | €2,847 | €2,157 | €2,292 | ▲ 6.3% |
| Remuneration and social security454/9 | - | - | - | - | - | €900 | - | €1,685 | - |
| Other amounts payable47/48 | - | - | - | - | - | €3,576 | €4,986 | €17,749 | ▲ 256% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,648 | -€5,097 | -€7,159 | -€5,434 | €7,119 | -€2,728 | -€1,492 | €4,353 | - |
| + Depreciation and write-downs630 | €3,132 | €3,207 | €299 | €726 | €541 | €680 | €307 | €321 | ▲ 4.4% |
| Operating cash flow (approximation) | -€1,516 | -€1,890 | -€6,861 | -€4,707 | €7,660 | -€2,048 | -€1,184 | €4,673 | - |
| Investment in fixed assets (approximation) | - | -€679 | -€1,500 | €0 | -€1,166 | -€371 | €0 | -€875 | - |
| Change in cash | - | -€3,360 | -€1,711 | €1,573 | €518 | -€2,113 | €10,210 | -€8,599 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-06-2026 | 2026-00194202 |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00366777 |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00364900 |
| 31-12-2022 | micro format | 14-08-2023 | 2023-00327448 |
| 31-12-2021 | micro format | 20-07-2022 | 2022-20205854 |
| 31-12-2020 | micro format | 23-08-2021 | 2021-52100502 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-18900491 |
| 31-12-2018 | full format | 27-08-2019 | 2019-51500556 |
| 31-12-2017 | full format | 16-08-2018 | 2018-46300423 |
| 31-12-2016 | micro format | 24-08-2017 | 2017-47600318 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AHTTY VERA Victor |
|
Owners and capital
Capital and shareholders
- 13-11-2023 Converted to unavailable equity · €18,600
- 13-11-2023 Converted to uncalled contributions
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-11
Gazette deed
Resignation: AHTTY VERA Victor (gérant actuel)Reappointment: AHTTY VERA Victor (director) · Permanent representative: AHTTY VERA Victor · Registered office clause15 facts ▸
- General meeting, “approuvée à l’unanimité des voix, refonte des statuts / nouveaux statuts” (deed in French)
- General meeting, “approuvée à l’unanimité des voix, mission au notaire soussigné d’établir et signer la coordination conformément à la décision précédente et assurer son dépôt au…” (deed in French)
- Director resignation, AHTTY VERA Victor (gérant actuel)
- Director reappointment, AHTTY VERA Victor (director (not named in the articles))
- Permanent representative, AHTTY VERA Victor (représentant permanent de la société)
- General meeting, “approuvée à l’unanimité des voix, sixième résolution:démission-nomination” (deed in French)
- Registered office clause, “1070 Bruxelles,chaussée de Mons,448, septième résolution:siège” (deed in French)
- Power of attorney
- General meeting, 09-11-2023
- Amendment of the articles (2 times)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- +3 further facts in this act
About the unread acts
Of the 16 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 15 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0890.200.573
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21306C0222/00Z002 | Brussels | 380 m² | 1 · 131 m² | 14.2 m · 3 |
| 21306C0222/00V003 | Brussels | 153 m² | 1 · 153 m² | 7.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Tous produits alimentaires tels que fruits,légumes,produits laitiers,produits de la mer,poissons,articles de ménage et articles…” (deed in French)
15 activities (deed in French)
- Tous produits alimentaires tels que fruits,légumes,produits laitiers,produits de la mer,poissons,articles de ménage et articles cadeaux,épices,herbes aromatiques,tabac,cigarette,de vidéothèques,location de produits de divertissements,films et tout autre produit assimilé,tous textiles en général,vêtements divers,chaussures,cordonnerie,serrurerie,maroquinerie dans le sens le plus large;tous produits de l'artisanat en général,tapisseries y compris les articles du tiersmonde,tous les articles de parfumerie,de toilette,cosmétiques,produits de beauté,maquillage
- Ainsi que savons et détergents,tous les articles d'horticulture tels que fleurs,plantes,articles de jardinage,aménagement et entretien de jardins et de pépinières,tous livres,antiquités,brocantes,objets de décoration,machines industrielles
- Tous appareils de télécommunication,matériel électronique,ordinateur,matériel électroménager,matériel de reproduction de son et d’images,tous film de bandes magnétiques,DVD,cassettes,livres
- Tous appareils électroménagers,tous films de bandes magnétiques,cassettes,tous articles imprimés ou enregistrés permettant leur lecture,vision ou audition,assistance en programmation
- Achats,ventes,locations,réparations,entretiens,et toute autre forme d'exploitation,de tous matériaux de bureau et de l'informatique
- Cours d'informatique,assistance en logiciels informatiques,conseils et assistance dans le domaine de l'informatique
- L'achat,la vente,l'importation,l'exportation,la fabrication de tout produit de boucherie,charcuterie,plats préparés et sandwiches,poissonnerie,crémerie,conserves,ainsi que tout produit connexe à cette activité
- L’exploitation de cabines téléphoniques et tout autre moyen de communication
- De Commerce de communication,de télécommunication,de service de fax,de télex,de télégramme
- D’Atelier de fabrication de tous produits de boulangerie et de pâtisserie,de tous produits alimentaires et non alimentaires;tous snacks bars,snacks chauds et froids,et restaurations de tous types,brasseries,hôtels,restaurants,tavernes,cafés,cabarets,discothèques,buffets,vestiaires pour publics,locations de places,salles d'organisation,de banquet et service traiteur
- De la messagerie,les services de fax,de cabines téléphoniques,cybercafé,Internet,et de photocopies,de laboratoire de développement photos,d'atelier de tournage,d'affûtage et de rectification de pièces mécaniques,de taxis,courrier express,Car-wash,station-service,tous carburants tels que mazout,diesel,gaz,garage avec atelier de réparation et négociant de véhicules à moteur neuf et d'occasion,établissement de démolition,entretien et dépannage,ainsi que l'achat,la vente,l'import,l'export en gros et/ou en détail de pièces automobiles neuves ou d'occasion et accessoires automobiles
- D’un salon de coiffure,de salons lavoirs,assistance aux entreprises générales de bâtiment,entreprise générale de bâtiment,peinture,maçonnerie,électricité,voiture,matériaux de construction,matériel électrique et électronique,sanitaire et de plomberie
- Fournir tous services ou prestations au profit de toutes clientèles privées ou commerciales,notamment le nettoyage et l'entretien d'immeubles,le nettoyage de vitres et de bureaux,de petits travaux de bureau,services intérimaires,sous-traitance
- Toutes opérations généralement quelconques,se rapportant directement ou indirectement au commerce,à la fabrication,la location,l'achat,la vente en gros ou en détail,la représentation,la distribution,le service,le conditionnement,l'exploitation et le courtage
- L’importation et l'exportation de matériel informatique,matériel optique et dentaire,matériel électronique et électromécanique,électroménager,de voiture,de matériel de bâtiment tel qu’échafaudage et d'autres produits qui se rapportent ou non avec le domaine de l’activité et qu’ils soient pour son propre compte ou pour le compte d'un tiers
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HORTA CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Article 2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, un ou plusieurs administrateurs personnes physiques ou morales actionnaires ou non” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)