Horta Suenaert
ActiveThe computed 12-month bankruptcy probability of Horta Suenaert is 2.0% (moderate). The 2025 annual accounts show equity of €61k and a net result of €-39k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 10345 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-41
Solvency35▼-6
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.41 against 1.27 in 2024; short-term debt: 58% and cash: 5.9% of total assets), and 89.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.2%
Return on assets
-6.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 10345 sector peers (2025).
NBB · sector comparisonPosition among 10345 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
31 d late
2024
81 d late
2023
71 d late
2022
32 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€61k▼ 39.0%
2024 · €100k
2022: €33k
2023: €75k
2024: €100k
2022 → 2025
Total assets
€595k▼ 7.1%
2024 · €641k
2022: €613k
2023: €594k
2024: €641k
2022 → 2025
Net result
€-39k
2024 · €25k
2022: €30k
2023: €42k
2024: €25k
2022 → 2025
Working capital
€141k▲ 28.7%
2024 · €109k
2022: €209k
2023: €198k
2024: €109k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€33k-€75k▲ 128%€100k▲ 33.6%€61k▼ 39.0%
Operating result€46k-€75k▲ 62.3%€50k▼ 33.4%€-22k
Net result€30k-€42k▲ 40.9%€25k▼ 40.2%€-39k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €50k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €595k
Fixed assets
€109k▼ 17.8%
Current assets
€486k▼ 4.3%
Equity and liabilities €595k
Equity
€61k▼ 39.0%
Debt
€534k▼ 1.2%
The debt ratio rises from 84.4% to 89.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €83k
Cash flow
€-719▼
2024 · €58k
Solvency
10.2%▼
2024 · 15.6%
Current ratio
1.41▲
2024 · 1.27
Quick ratio
0.29▲
2024 · 0.15
Debt / equity
8.79▲
2024 · 5.42
ROE
-64.1%▼
2024 · 25.1%
ROA
-6.5%▼
2024 · 3.9%
Interest coverage
0.87▼
2024 · 4.25
Debt
€534k▼
2024 · €541k
Debt ≤ 1 year
€345k▼
2024 · €398k
Debt > 1 year
€186k▲
2024 · €141k
Income taxes
€0▼
2024 · €7k
Staff costs
€81k▲
2024 · €74k
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€641k€595k▼
Fixed assets21/28€133k€109k▼
Tangible fixed assets22/27€133k€109k▼
Furniture and vehicles24€20k€10k▼
Other tangible fixed assets26€113k€99k▼
Current assets29/58€508k€486k▼
Stocks and contracts in progress3€447k€386k▼
Stocks30/36€447k€386k▼
Amounts receivable within one year40/41€21k€65k▲
Trade receivables40€16k€29k▲
Other amounts receivable41€5k€35k▲
Cash at bank and in hand54/58€39k€35k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€641k€595k▼
Equity10/15€100k€61k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€97k€58k▼
Amounts payable17/49€541k€534k▼
Amounts payable after more than one year17€141k€186k▲
Financial debts170/4€141k€186k▲
Amounts payable within one year42/48€398k€345k▼
Current portion of amounts payable after more than one year42€73k€35k▼
Financial debts43€150k€150k=
Credit institutions430/8€150k€150k=
Trade debts44€140k€137k▼
Suppliers440/4€140k€137k▼
Taxes, remuneration and social security45€35k€22k▼
Taxes450/3€21k€7k▼
Remuneration and social security454/9€15k€16k▲
Accrued charges and deferred income492/3€2k€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€74k€81k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€38k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€158k€100k▼
Operating profit (loss)9901€50k€-22k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€19k€18k▼
Recurring financial charges65€19k€18k▼
Profit (loss) for the period before taxes9903€32k€-39k▼
Income taxes67/77€7k€0▼
Profit (loss) for the period9904€25k€-39k▼
Profit (loss) for the period to be appropriated9905€25k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€97k€58k▼
Profit (loss) brought forward from the previous period14P€72k€97k▲
Social balance
Average headcount (FTE)90872.32.5▲
The notes to these accounts (14 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-39k ▼255%
Net result drops to €-39k, the lowest in the series.
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 81 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
31-12
Financial
Highest result since 2022net €42k ▲40.9%
Operating result €75k, net result €42k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 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, Oosterzele · 1 establishment unit since 2021
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.
Lange Munte 759860 OosterzeleGround area
1,314 m²
Building footprint
167 m²
Volume, LiDAR
683 m³
Parcel 44059B0522/00D000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Horta Suenaert
since 20212.319.210.612
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44059B0522/00D000 | Flanders | 1,314 m² | 1 · 167 m² | 6.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteOosterzele2.319.210.612
Similar companies · same sector, comparable size
ANTHOS
BE 0794.310.234
Hannut · Eq €60k
sapins.be
BE 0893.134.428
Braine-l'Alleud · Eq €61k
ARBRES'N'CO
BE 0736.522.879
Hannut · Eq €62k
COGHENAFFAIR
BE 0776.986.925
Ukkel · Eq €60k
MS FLOWERS
BE 0777.644.644
Ukkel · Eq €60k
Of 3,387 companies in sector 47761 we hold annual accounts for 1,156. 843 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2021
Fiscal year end31-12
Activities, NACEBEL
47761Retail sale of flowers, plants, seeds and fertilisers
47559Retail sale of other household articles
47599Retail trade
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.