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HORTI & API-CULTURES

Active
Private limited companyfounded 1991active for 35 yearsRue de Sivry 13, 6470 Sivry-Rance, BelgiumKBO/BCE: BE 0443.224.771

From the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HORTI & API-CULTURES has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,837 and a net result of -€27,784. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 91% of 885 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
HORTI & API-CULTURESActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 25-02-1991 Normal situation
Legal form
Private limited company
Registered office
Rue de Sivry 13, 6470 Sivry-Rance
Activity
Guest rooms (bed and breakfast) NACE 55204and 2 others
Establishment unit
2.051.935.030 6470 Sivry-Rance, since 20-03-1991
Financial year end
31 December
Peppol
Reachable since 22-12-2025
Company details

Who decides

Board
Board & ownership

How it is doing

69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
-€13,369
▲ 16.0%
Loss
€27,784
▼ 10.1%
Equity
€196,837
▼ 17.9%
Total assets
€240,463
▼ 10.6%
2025 accounts filed 21 days late
Filed on 21-08-2026at the National Bank
Financials
Why 69raises riskLiquidity: current ratio 0.67Loss of €27,784, the second in a row (financial year 2025)lowers riskFounded in 1991Size: total assets €240,463Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 57% of its sector peers (NACE 55, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 81.9% of total assets
Liquidity 100+50
short-term debt 1.3%
Profitability 4=
return on assets -11.6%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,520 companies, NACE 55, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.5%▼ -0.1 percentage points vs 03-2025lowest value 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.1 percentage points vs 07-2025 09-2025: 0.6%▼ -0.2 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.7%▲ +0.1 percentage points vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.0%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.7%▼ -0.3 percentage points vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.67, compared with 0.12 in 2024, below 1; short-term debt: 1.3% of total assets), and 18.1% of the assets are financed with debt and provisions.
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 55, micro): better than 93% on solvency, 99% on liquidity, 12% on profitability and 24% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Six signals.
lowers riskraises risk
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 0.67
NBB · annual accounts
raises risk · Loss of €27,784, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €240,463
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
18192022232425
2018 to 2025 · latest year -€27,784
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 10 filings
Deviation from the deadline
2025
21 days late
2024
21 days late
2023
31 days late
2022
31 days late
2021
33 days late
2020
18 days late
2019
129 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 41 days after the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% 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. The company usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€27,784 View
  • Positive: Among the best 10% on solvencysector median 26.3% · 885 companies 81.9% View

Documents

Annual accounts at the NBB

All 35 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about HORTI & API-CULTURES

What is the company number of HORTI & API-CULTURES?
0443.224.771. In Belgium the VAT number is the company number with BE in front: BE 0443.224.771.
Where is HORTI & API-CULTURES based?
The registered office is at Rue de Sivry 13, 6470 Sivry-Rance.Company details
What does HORTI & API-CULTURES do?
According to the KBO register, the main activity is guest rooms (bed and breakfast) (NACE 55204).
What is the legal form of HORTI & API-CULTURES?
Private limited company (BV).
When was HORTI & API-CULTURES founded?
On 25-02-1991.
Is HORTI & API-CULTURES still active?
Yes, HORTI & API-CULTURES is an active enterprise in the KBO register.
What is the turnover of HORTI & API-CULTURES?
The annual accounts for financial year 2025 state no turnover. In financial year 2018 turnover was €1,823.Financials
Is HORTI & API-CULTURES profitable?
In financial year 2025, HORTI & API-CULTURES made a loss of €27,784.
Where can I find the annual accounts of HORTI & API-CULTURES?
HORTI & API-CULTURES filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of HORTI & API-CULTURES due?
By 31-07-2027, for financial year 2026.Timeline

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