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HORUBA

Active
Private limited companyfounded 20242 yrs activeMeusegemstraat 44, 1861 Meise, BelgiumKBO/BCE: BE 1009.912.926
Summary

HORUBA has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€18,611) and a net result of -€58,611. Its solvency ranks better than 9% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes
Profitability6
Solvency22
Growth-
Track record67
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87; short-term debt: 4.8% and cash: 2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
-9.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
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 · 2 filings
Deviation from the deadline
2025
49 d early
2024
55 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 52 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HORUBA was incorporated on 31 May 2024 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Equity
-€18,611
Total assets
€595,406
Net result
-€58,611
Working capital
-€3,597

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €595,406
Fixed assets €570,591
Current assets €24,815
Key figures and ratios
2024 value
EBITDA
-€6,096
Cash flow
-€12,799
Solvency
-3.1%
Current ratio
0.87
Debt to equity
-32.99
ROA
-9.8%
Interest coverage
-0.91
Debt
€614,017
Debt ≤ 1 year
€28,411
Debt > 1 year
€585,606

Peer companies

Historical observation

Of the 1,253 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
0.9% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,253 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
Filed annual accounts As filed with the NBB · 2024 · 40 lines
Balance sheet Code2024
Assets
Total assets20/58€595,406
Fixed assets21/28€570,591
Tangible fixed assets22/27€570,291
Land and buildings22€395,013
Plant, machinery and equipment23€174,345
Furniture and vehicles24€933
Financial fixed assets28€300
Current assets29/58€24,815
Amounts receivable within one year40/41€11,369
Trade receivables40€11,369
Cash at bank and in hand54/58€12,096
Deferred charges and accrued income490/1€1,350
Equity and liabilities
Total equity and liabilities10/49€595,406
Equity10/15-€18,611
Contributions10/11€40,000
Profit (loss) carried forward14-€58,611
Amounts payable17/49€614,017
Amounts payable after more than one year17€585,606
Financial debts170/4€380,181
Other amounts payable178/9€205,425
Amounts payable within one year42/48€28,411
Current portion of amounts payable after more than one year42€14,095
Trade debts44€5,181
Suppliers440/4€5,181
Taxes, remuneration and social security45€8,702
Taxes450/3€8,702
Other amounts payable47/48€433
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,812
Other operating charges640/8€1,349
Non-recurring operating charges66A€10,085
Gross operating margin9900€5,338
Operating profit (loss)9901-€51,909
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€6,703
Recurring financial charges65€6,703
Profit (loss) for the period before taxes9903-€58,611
Profit (loss) for the period9904-€58,611
Profit (loss) for the period to be appropriated9905-€58,611
Appropriation of the result
Profit (loss) to be appropriated9906-€58,611

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,812
Other operating charges640/8€1,349
Non-recurring operating charges66A€10,085
Gross operating margin9900€5,338
Operating profit (loss)9901-€51,909
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€6,703
Recurring financial charges65€6,703
Profit (loss) for the period before taxes9903-€58,611
Profit (loss) for the period9904-€58,611
Profit (loss) for the period to be appropriated9905-€58,611
Line2024
Assets
Total assets20/58€595,406
Fixed assets21/28€570,591
Tangible fixed assets22/27€570,291
Land and buildings22€395,013
Plant, machinery and equipment23€174,345
Furniture and vehicles24€933
Financial fixed assets28€300
Current assets29/58€24,815
Amounts receivable within one year40/41€11,369
Trade receivables40€11,369
Cash at bank and in hand54/58€12,096
Deferred charges and accrued income490/1€1,350
Equity and liabilities
Total equity and liabilities10/49€595,406
Equity10/15-€18,611
Contributions10/11€40,000
Profit (loss) carried forward14-€58,611
Amounts payable17/49€614,017
Amounts payable after more than one year17€585,606
Financial debts170/4€380,181
Other amounts payable178/9€205,425
Amounts payable within one year42/48€28,411
Current portion of amounts payable after more than one year42€14,095
Trade debts44€5,181
Suppliers440/4€5,181
Taxes, remuneration and social security45€8,702
Taxes450/3€8,702
Other amounts payable47/48€433
Line2024
Profit (loss) for the period9904-€58,611
+ Depreciation and write-downs630€45,812
Operating cash flow (approximation)-€12,799

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
12-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Meise · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,379 m²
Building footprint
91 m²
Volume, LiDAR
684 m³
Parcel 23093F0810/00E000, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
HORUBA
Meusegemstraat 44, 1861 MeiseBusiness consulting
since 20242.360.563.690
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23093F0810/00E000 Flanders 1,379 m² 1 · 91 m² 11.6 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded31-05-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009912926
Registered 30-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.