HORTUS
ActiveSummary
HORTUS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,080 and a net result of -€4,986. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 41% of 13604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▲+22
Solvency45▼-6
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.54 in 2024; short-term debt: 34% and cash: 5.7% of total assets), and 79.7% of the assets are financed with debt.
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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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
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
20.3%
Return on assets
-3.7%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€4,986
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
84 d early
2023
23 d early
2022
31 d late
2021
12 d early
2020
31 d late
2019
89 d 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 2 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€27,080▼ 15.5%
2024 · €32,067
Total assets
€133,095▲ 7.1%
2024 · €124,307
Net result
-€4,986▲ 58.8%
2024 · -€12,092
Working capital
€1,142▼ 94.7%
2024 · €21,525
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,784▲ 2.1%€15,906▲ 62.6%€5,649▼ 64.5%-€5,917€2,585
Net result€3,827within the sector's middle half▲ 9.4%€9,972within the sector's middle half▲ 161%€324within the sector's middle half▼ 96.8%-€12,092below the sector's middle half-€4,986within the sector's middle half▲ 58.8%
Equity€61,008within the sector's middle half▲ 6.7%€70,981within the sector's middle half▲ 16.3%€71,304within the sector's middle half▲ 0.5%€32,067within the sector's middle half▼ 55.0%€27,080within the sector's middle half▼ 15.5%
Total assets€167,385within the sector's middle half▼ 11.6%€165,415within the sector's middle half▼ 1.2%€164,306within the sector's middle half▼ 0.7%€124,307within the sector's middle half▼ 24.3%€133,095within the sector's middle half▲ 7.1%
Debt€106,377▼ 19.5%€94,435▼ 11.2%€93,002▼ 1.5%€92,240▼ 0.8%€106,015▲ 14.9%
Working capital€61,389above the sector's middle half▲ 25.0%€44,795above the sector's middle half▼ 27.0%€56,371above the sector's middle half▲ 25.8%€21,525within the sector's middle half▼ 61.8%€1,142within the sector's middle half▼ 94.7%
Solvency36.4%within the sector's middle half▲ 6.2pp42.9%within the sector's middle half▲ 6.5pp43.4%within the sector's middle half▲ 0.5pp25.8%within the sector's middle half▼ 17.6pp20.3%within the sector's middle half▼ 5.4pp
Current ratio3.55above the sector's middle half▲ 1.482.52above the sector's middle half▼ 1.032.64above the sector's middle half▲ 0.111.54within the sector's middle half▼ 1.101.03within the sector's middle half▼ 0.51
Return on assets (ROA)2.3%within the sector's middle half▲ 0.4pp6.0%within the sector's middle half▲ 3.7pp0.2%within the sector's middle half▼ 5.8pp-9.7%below the sector's middle half▼ 9.9pp-3.7%within the sector's middle half▲ 6.0pp
Staff (FTE)1=5.1▲ 410%6▲ 17.6%7.1▲ 18.3%9▲ 26.8%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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: €2,585 after a loss of €5,917 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133,095
Fixed assets
€86,657 ▲ 38.4%
Current assets
€46,438 ▼ 24.7%
Equity and liabilities €133,095
Equity
€27,080 ▼ 15.5%
Debt
€106,015 ▲ 14.9%
Debt's share of the balance-sheet total rises from 74.2% to 79.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23,184▲
2024 · €10,407
Cash flow
€15,612▲
2024 · €4,232
Quick ratio
0.42▼
2024 · 0.86
Debt to equity
3.91▲
2024 · 2.88
ROE
-18.4%▲
2024 · -37.7%
Interest coverage
3.34▲
2024 · 1.65
Debt ≤ 1 year
€45,296▲
2024 · €40,179
Debt > 1 year
€60,540▲
2024 · €51,956
Income taxes
€635▲
2024 · €505
Staff costs
€58,325▲
2024 · €53,377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,448 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6,796 | - | €248 | €0 | €8,281 | - |
| Remuneration, social security and pensions62 | €22,836 | €39,228 | €50,106 | €53,377 | €58,325 | ▲ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,939 | €19,639 | €21,250 | €16,324 | €20,598 | ▲ 26.2% |
| Other operating charges640/8 | €2,908 | €3,223 | €3,646 | €2,465 | €3,447 | ▲ 39.8% |
| Non-recurring operating charges66A | - | - | - | €2,110 | €0 | ▼ 100% |
| Gross operating margin9900 | €54,467 | €77,996 | €80,652 | €68,359 | €84,956 | ▲ 24.3% |
| Operating profit (loss)9901 | €9,784 | €15,906 | €5,649 | -€5,917 | €2,585 | ▲ 144% |
| Financial income75/76B | €58 | €225 | €1,137 | €631 | €2 | ▼ 99.6% |
| Recurring financial income75 | €58 | €225 | €1,137 | €631 | €2 | ▼ 99.6% |
| Financial charges65/66B | €5,336 | €4,305 | €4,551 | €6,301 | €6,939 | ▲ 10.1% |
| Recurring financial charges65 | €5,336 | €4,305 | €4,551 | €6,301 | €6,939 | ▲ 10.1% |
| Profit (loss) for the period before taxes9903 | €4,507 | €11,826 | €2,234 | -€11,588 | -€4,351 | ▲ 62.5% |
| Income taxes67/77 | €680 | €1,853 | €1,911 | €505 | €635 | ▲ 25.9% |
| Profit (loss) for the period9904 | €3,827 | €9,972 | €324 | -€12,092 | -€4,986 | ▲ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €3,827 | €9,972 | €324 | -€12,092 | -€4,986 | ▲ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €167,385 | €165,415 | €164,306 | €124,307 | €133,095 | ▲ 7.1% |
| Fixed assets21/28 | €81,921 | €91,239 | €73,501 | €62,602 | €86,657 | ▲ 38.4% |
| Tangible fixed assets22/27 | €81,637 | €90,949 | €73,211 | €62,312 | €86,367 | ▲ 38.6% |
| Land and buildings22 | €55,990 | €67,374 | €57,580 | €52,176 | €48,279 | ▼ 7.5% |
| Plant, machinery and equipment23 | €6,132 | €4,475 | €2,819 | €2,822 | €2,980 | ▲ 5.6% |
| Furniture and vehicles24 | €19,515 | €19,100 | €12,812 | €7,314 | €4,550 | ▼ 37.8% |
| Leasing and similar rights25 | - | - | - | - | €30,559 | - |
| Financial fixed assets28 | €284 | €290 | €290 | €290 | €290 | = |
| Current assets29/58 | €85,465 | €74,177 | €90,806 | €61,704 | €46,438 | ▼ 24.7% |
| Stocks and contracts in progress3 | €26,870 | €26,720 | €28,838 | €27,162 | €27,591 | ▲ 1.6% |
| Stocks30/36 | €26,870 | €26,720 | €28,838 | €27,162 | €27,591 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €27,323 | €23,759 | €26,098 | €11,677 | €8,473 | ▼ 27.4% |
| Trade receivables40 | €511 | €3,232 | €1,117 | €6,979 | €2,147 | ▼ 69.2% |
| Other amounts receivable41 | €26,813 | €20,527 | €24,980 | €4,698 | €6,326 | ▲ 34.6% |
| Cash at bank and in hand54/58 | €29,103 | €23,011 | €34,330 | €21,644 | €7,564 | ▼ 65.1% |
| Deferred charges and accrued income490/1 | €2,169 | €687 | €1,540 | €1,221 | €2,810 | ▲ 130% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €167,385 | €165,415 | €164,306 | €124,307 | €133,095 | ▲ 7.1% |
| Equity10/15 | €61,008 | €70,981 | €71,304 | €32,067 | €27,080 | ▼ 15.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €9,757 | €9,757 | = |
| Reserves13 | €42,416 | €52,389 | €52,712 | €34,401 | €34,401 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | €40,557 | €50,529 | €52,712 | €34,401 | €34,401 | = |
| Profit (loss) carried forward14 | - | - | - | -€12,092 | -€17,079 | ▼ 41.2% |
| Amounts payable17/49 | €106,377 | €94,435 | €93,002 | €92,240 | €106,015 | ▲ 14.9% |
| Amounts payable after more than one year17 | €81,579 | €65,053 | €58,568 | €51,956 | €60,540 | ▲ 16.5% |
| Financial debts170/4 | €81,579 | €65,053 | €58,568 | €51,956 | €60,540 | ▲ 16.5% |
| Amounts payable within one year42/48 | €24,075 | €29,382 | €34,434 | €40,179 | €45,296 | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | €8,143 | €6,360 | €6,485 | €6,611 | €13,182 | ▲ 99.4% |
| Financial debts43 | - | €1,167 | €2,329 | €2,917 | €1,716 | ▼ 41.1% |
| Credit institutions430/8 | - | - | €2,329 | €2,917 | €1,716 | ▼ 41.1% |
| Other loans439 | - | €1,167 | - | - | - | - |
| Trade debts44 | €12,279 | €17,118 | €15,782 | €20,151 | €18,683 | ▼ 7.3% |
| Suppliers440/4 | €12,279 | €17,118 | €15,782 | €20,151 | €18,683 | ▼ 7.3% |
| Taxes, remuneration and social security45 | €3,653 | €4,737 | €9,839 | €9,924 | €11,003 | ▲ 10.9% |
| Taxes450/3 | €1,870 | €4,605 | €4,351 | €3,479 | €3,952 | ▲ 13.6% |
| Remuneration and social security454/9 | €1,783 | €133 | €5,488 | €6,445 | €7,051 | ▲ 9.4% |
| Other amounts payable47/48 | - | - | - | €576 | €711 | ▲ 23.4% |
| Accrued charges and deferred income492/3 | €722 | - | - | €104 | €179 | ▲ 71.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,827 | €9,972 | €324 | -€12,092 | -€4,986 | ▲ 58.8% |
| + Depreciation and write-downs630 | €18,939 | €19,639 | €21,250 | €16,324 | €20,598 | ▲ 26.2% |
| Operating cash flow (approximation) | €22,766 | €29,612 | €21,574 | €4,232 | €15,612 | ▲ 269% |
| Investment in fixed assets (approximation) | - | -€28,957 | -€3,512 | -€5,426 | -€44,654 | ▼ 723% |
| Change in cash | - | -€6,092 | €11,319 | -€12,686 | -€14,080 | ▼ 11.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€12,092
Net result drops to -€12,092, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €9,972 ▲161%
Operating result €15,906, net result €9,972, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Zonhoven · 1 establishment unit since 1997
Ground area
973 m²
Building footprint
192 m²
Volume, LiDAR
973 m³
Parcel 71443E0135/00M000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DE HORTUS
since 19972.080.763.925
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443E0135/00M000 | Flanders | 973 m² | 1 · 192 m² | 10.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 siteZonhoven2.080.763.925
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BISTRO BAR PUUR
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't FONTEINTJE
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Kamiel Neudt
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,324 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
47552Retail sale of lighting equipment
47559Retail sale of other household articles
47761Retail sale of flowers, plants, seeds and fertilisers
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56301Cafés and bars
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456430332
Also
9925:BE0456430332
Registered
20-01-2023
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.