HORTEN
ActiveHORTEN has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €7k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
96
/ 100
Excellent▲ +49 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+1
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.16 in 2024), and 30.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.2%
Return on assets
16.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-07-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
13 d late
2023
8 d late
2022
34 d early
2021
33 d early
2020
on the day
2019
30 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▲ 25.6%
2024 · €23k
2018: €15k
2019: €17k
2020: €17k
2021: €20k
2022: €11k
2023: €29k
2024: €23k
2018 → 2025
Total assets
€42k▲ 11.1%
2024 · €38k
2018: €41k
2019: €38k
2020: €46k
2021: €39k
2022: €35k
2023: €40k
2024: €38k
2018 → 2025
Net result
€7k
2024 · €-5k
2018: €151
2019: €2k
2020: €-300
2021: €3k
2022: €-8k
2023: €18k
2024: €-5k
2018 → 2025
Working capital
€25k▲ 44.9%
2024 · €17k
2018: €-707
2019: €4k
2020: €10k
2021: €9k
2022: €3k
2023: €22k
2024: €17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€11k▼ 42.4%€29k▲ 150%€23k▼ 18.4%€29k▲ 25.6%
Operating result€6k-€-7k€24k€-5k€9k
Net result€3k-€-8k€18k€-5k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€5k▼ 26.6%
Current assets
€38k▲ 18.3%
Equity and liabilities €42k
Equity
€29k▲ 25.6%
Debt
€13k▼ 11.7%
The debt ratio falls from 38.8% to 30.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€12k▲
2024 · €-783
Cash flow
€10k▲
2024 · €-1k
Solvency
69.2%▲
2024 · 61.2%
Current ratio
2.92▲
2024 · 2.16
Quick ratio
0.84▲
2024 · 0.79
Debt / equity
0.45▼
2024 · 0.63
ROE
23.2%▲
2024 · -22.5%
ROA
16.1%▲
2024 · -13.8%
Interest coverage
13.45▲
2024 · -1.09
Debt
€13k▼
2024 · €15k
Debt ≤ 1 year
€13k▼
2024 · €15k
Income taxes
€1k
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€38k€42k▲
Fixed assets21/28€6k€5k▼
Intangible fixed assets21€842-
Tangible fixed assets22/27€5k€5k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€2k€3k▲
Current assets29/58€32k€38k▲
Stocks and contracts in progress3€20k€27k▲
Stocks30/36€20k€27k▲
Amounts receivable within one year40/41€80€129▲
Trade receivables40-€84
Other amounts receivable41€80€45▼
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1€481€648▲
Equity and liabilities
Total equity and liabilities10/49€38k€42k▲
Equity10/15€23k€29k▲
Contributions10/11€16k€16k=
Reserves13€13k€13k=
Non-distributable reserves130/1€173€173=
Reserves not available under the articles1311€173€173=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-5k€714▲
Amounts payable17/49€15k€13k▼
Amounts payable within one year42/48€15k€13k▼
Trade debts44€5k€80▼
Suppliers440/4€5k€80▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€10k€11k▲
Accrued charges and deferred income492/3-€121
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€967€14k▲
Operating profit (loss)9901€-5k€9k▲
Financial income75/76B€11€11=
Recurring financial income75€11€11=
Financial charges65/66B€717€925▲
Recurring financial charges65€717€925▲
Profit (loss) for the period before taxes9903€-5k€8k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-5k€7k▲
Profit (loss) for the period to be appropriated9905€-5k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€2k▲
Profit (loss) brought forward from the previous period14P-€-5k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (8 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
11-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.90
Current ratio from 1.13 to 2.90; short-term debt falls from €23k to €11k.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-8k ▼373%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Tongeren-Borgloon · 1 establishment unit since 2015
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.
Sint-Truiderstraat 103700 Tongeren-BorgloonGround area
205 m²
Building footprint
205 m²
Volume, LiDAR
1,850 m³
Parcel 73083C0791/00H000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HORTEN
since 20152.241.916.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73083C0791/00H000 | Flanders | 205 m² | 1 · 205 m² | 15.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.241.916.557
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Of 450 companies in sector 46360 we hold annual accounts for 284. 160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-04-2015
Fiscal year end31-12
Activities, NACEBEL
46360Wholesale trade
47242Retail sale of chocolate and confectionery
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.