HORTI PAN
ActiveHORTI PAN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €358k and a net result of €81k. Equity is growing by ~56.6% per year across the filed fiscal years. Its solvency ranks better than 70% of 1199 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-5
Solvency85▲+13
Growth85=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 1.78 in 2024; short-term debt: 24.8% and cash: 47.8% of total assets), and 39.9% 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.
−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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
60.1%
Return on assets
13.5%
Age of the figures
9 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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
67 d late
2023
29 d early
2022
3 d late
2021
6 d early
2020
3 d early
2019
22 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€483k▲ 11.1%
2023 · €435k
2018: €81k
2019: €204k
2020: €210k
2021: €272k
2022: €367k
2023: €435k
2018 → 2024
EBIT margin
25.7%▲ 2.4pp
2023 · 23.3%
2018: 19.4%
2019: 18.6%
2020: -1.0%
2021: 7.3%
2022: 14.3%
2023: 23.3%
2018 → 2024
Net result
€81k▲ 2.2%
2024 · €79k
2018: €16k
2019: €38k
2020: €-4k
2021: €17k
2022: €47k
2023: €73k
2024: €79k
2018 → 2025
Working capital
€270k▲ 111%
2024 · €128k
2018: €-307
2019: €17k
2020: €-5k
2021: €4k
2022: €39k
2023: €92k
2024: €128k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€272k-€367k▲ 34.6%€435k▲ 18.5%€483k▲ 11.1%
Equity€61k-€118k▲ 93.0%€190k▲ 61.8%€269k▲ 41.4%€358k▲ 32.8%
Operating result€20k-€52k▲ 163%€101k▲ 93.3%€124k▲ 22.5%€123k▼ 0.6%
Net result€17k-€47k▲ 170%€73k▲ 55.6%€79k▲ 8.5%€81k▲ 2.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €595k
Fixed assets
€178k▼ 36.9%
Current assets
€418k▲ 43.1%
Equity and liabilities €595k
Equity
€358k▲ 32.8%
Debt
€238k▼ 21.8%
The debt ratio falls from 53.0% to 39.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€229k▼
2024 · €241k
Cash flow
€186k▼
2024 · €196k
Solvency
60.1%▲
2024 · 47.0%
Current ratio
2.83▲
2024 · 1.78
Quick ratio
2.82▲
2024 · 1.78
Debt / equity
0.67▼
2024 · 1.13
ROE
22.5%▼
2024 · 29.3%
ROA
13.5%▼
2024 · 13.8%
Interest coverage
17.46▼
2024 · 24.91
Debt
€238k▼
2024 · €304k
Debt ≤ 1 year
€148k▼
2024 · €164k
Debt > 1 year
€90k▼
2024 · €140k
Income taxes
€31k▼
2024 · €36k
Staff costs
€155k▲
2024 · €52k
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€573k€595k▲
Fixed assets21/28€281k€178k▼
Tangible fixed assets22/27€281k€178k▼
Plant, machinery and equipment23€105k€61k▼
Furniture and vehicles24€2k€594▼
Leasing and similar rights25€175k€116k▼
Current assets29/58€292k€418k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€63k€106k▲
Trade receivables40€38k€84k▲
Other amounts receivable41€25k€21k▼
Cash at bank and in hand54/58€210k€284k▲
Deferred charges and accrued income490/1€19k€26k▲
Equity and liabilities
Total equity and liabilities10/49€573k€595k▲
Equity10/15€269k€358k▲
Contributions10/11€10k€10k=
Reserves13€81k€348k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€79k€348k▲
Profit (loss) carried forward14€179k€0▼
Amounts payable17/49€304k€238k▼
Amounts payable after more than one year17€140k€90k▼
Financial debts170/4€140k€90k▼
Amounts payable within one year42/48€164k€148k▼
Current portion of amounts payable after more than one year42€65k€50k▼
Trade debts44€27k€41k▲
Suppliers440/4€27k€41k▲
Taxes, remuneration and social security45€62k€46k▼
Taxes450/3€58k€32k▼
Remuneration and social security454/9€4k€14k▲
Other amounts payable47/48€10k€11k▲
Income statement
Code20242025
Turnover70€483k-
Goods, raw materials, services and sundry goods60/61€226k-
Remuneration, social security and pensions62€52k€155k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€106k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€-12k▼
Other operating charges640/8€1k€14k▲
Gross operating margin9900€306k€386k▲
Operating profit (loss)9901€124k€123k▼
Financial income75/76B€428€1k▲
Recurring financial income75€428€1k▲
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€115k€111k▼
Income taxes67/77€36k€31k▼
Profit (loss) for the period9904€79k€81k▲
Profit (loss) for the period to be appropriated9905€79k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€257k€346k▲
Profit (loss) brought forward from the previous period14P€179k€265k▲
Transfer to equity691/2€79k€346k▲
To other reserves6921€79k€346k▲
Social balance
Average headcount (FTE)9087-2.9
The notes to these accounts (13 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €81k ▲2.2%
Net result €81k, the highest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Equity above €200kEq €269k ▲41.4%
4 profitable years in a row build equity to €269k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €190k ▲61.8%
3 profitable years in a row build equity to €190k.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Equity above €100kEq €118k ▲93%
2 profitable years in a row build equity to €118k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-4k ▼111%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 75 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Silly · 1 establishment unit since 2007
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.
Rue Haute Bourlotte(Hoves) 357830 SillyGround area
971 m²
Parcel 55021A0532/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HORTI PAN
since 20072.159.643.335
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55021A0532/00D000 | Wallonia | 971 m² | - | - |
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.
Similar companies · same sector, comparable size
DE SCHEPPER - BRUYNINCKX
BE 0469.227.404
Sint-Laureins · Eq €358k
CAYVERDE-TUINREALISATIES
BE 0677.887.864
Kapellen · Eq €358k
JOFRARENT
BE 0861.569.044
Bilzen-Hoeselt · Eq €357k
HoutenBoom
BE 0668.832.123
Tielt-Winge · Eq €358k
HANS VAN ROEY
BE 0827.668.237
Bilzen-Hoeselt · Eq €358k
Of 21,216 companies in sector 81300 we hold annual accounts for 4,363. 2,953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2007
Fiscal year end31-12
Activities, NACEBEL
01110Growing of cereals (except rice), leguminous crops and oil seeds
81300Landscape service activities
01121
01122
01123
01130Growing of vegetables, melons, roots and tubers
01191Growing of flowers
01240Growing of pome and stone fruits
01301Crop and animal production, hunting and related service activities
71310
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.