HORUS
ActiveSummary
The annual accounts of HORUS for fiscal year 2025 show a net loss of 93% of the equity at the start of that year. The 2025 annual accounts show equity of €1k and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 2318 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-77
Solvency28▼-24
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.86 against 1.14 in 2024; short-term debt: 97.5% and cash: 17.7% of total assets), and 97.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
2.5%
Return on assets
-32.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
85 d early
2023
9 d early
2022
64 d late
2021
31 d late
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 92.7%
2024 · €18k
2018: €-18k
2019: €-26k▼ -43.4% vs 2018
2020: €-26k▲ +2.8% vs 2019
2021: €-32k▼ -25.0% vs 2020lowest in 8 years
2022: €9k▲ +127% vs 2021
2023: €14k▲ +57.7% vs 2022
2024: €18k▲ +32.2% vs 2023highest in 8 years
2025: €1k▼ -92.7% vs 2024
2018 → 2025
Total assets
€53k▼ 22.0%
2024 · €67k
2018: €12k
2019: €5k▼ -56.5% vs 2018lowest in 8 years
2020: €14k▲ +173% vs 2019
2021: €23k▲ +69.7% vs 2020
2022: €62k▲ +166% vs 2021
2023: €62k▲ +0.2% vs 2022
2024: €67k▲ +8.9% vs 2023highest in 8 years
2025: €53k▼ -22.0% vs 2024
2018 → 2025
Net result
€-17k
2024 · €4k
2018: €2k
2019: €-8k▼ -538% vs 2018
2020: €730▲ +109% vs 2019
2021: €-6k▼ -977% vs 2020
2022: €41k▲ +738% vs 2021highest in 8 years
2023: €5k▼ -87.6% vs 2022
2024: €4k▼ -11.9% vs 2023
2025: €-17k▼ -480% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-7k
2024 · €7k
2018: €-22k
2019: €-30k▼ -38.3% vs 2018
2020: €-29k▲ +4.8% vs 2019
2021: €-37k▼ -29.2% vs 2020lowest in 8 years
2022: €2k▲ +107% vs 2021
2023: €3k▲ +7.2% vs 2022
2024: €7k▲ +159% vs 2023highest in 8 years
2025: €-7k▼ -204% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-32k-€9k€14k▲ 57.7%€18k▲ 32.2%€1k▼ 92.7%
2021: €-32klowest in 5 years
2022: €9k▲ +127% vs 2021
2023: €14k▲ +57.7% vs 2022
2024: €18k▲ +32.2% vs 2023highest in 5 years
2025: €1k▼ -92.7% vs 2024
Operating result€-5k-€42k€8k▼ 81.4%€9k▲ 12.5%€-15k
2021: €-5k
2022: €42k▲ +1019% vs 2021highest in 5 years
2023: €8k▼ -81.4% vs 2022
2024: €9k▲ +12.5% vs 2023
2025: €-15k▼ -264% vs 2024lowest in 5 years
Net result€-6k-€41k€5k▼ 87.6%€4k▼ 11.9%€-17k
2021: €-6k
2022: €41k▲ +738% vs 2021highest in 5 years
2023: €5k▼ -87.6% vs 2022
2024: €4k▼ -11.9% vs 2023
2025: €-17k▼ -480% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€8k ▼ 28.5%
Current assets
€44k ▼ 20.6%
Equity and liabilities €53k
Equity
€1k ▼ 92.7%
Debt
€51k ▲ 4.3%
Debt's share of the balance-sheet total rises from 72.9% to 97.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k▼
2024 · €14k
Cash flow
€-12k▼
2024 · €9k
Current ratio
0.86▼
2024 · 1.14
Debt to equity
38.25▲
2024 · 2.69
ROA
-32.2%▼
2024 · 6.6%
Interest coverage
-4.32▼
2024 · 5.98
Debt ≤ 1 year
€51k▲
2024 · €49k
Income taxes
€319▼
2024 · €2k
A ratio outside any meaningful range has been withheld (balance sheet total €53k, equity €1k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€67k€53k▼
Fixed assets21/28€12k€8k▼
Tangible fixed assets22/27€11k€8k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€10k€6k▼
Other tangible fixed assets26€1k€689▼
Financial fixed assets28€784€784=
Current assets29/58€56k€44k▼
Amounts receivable within one year40/41€19k€17k▼
Trade receivables40€16k€8k▼
Other amounts receivable41€3k€9k▲
Cash at bank and in hand54/58€14k€9k▼
Deferred charges and accrued income490/1€22k€18k▼
Equity and liabilities
Total equity and liabilities10/49€67k€53k▼
Equity10/15€18k€1k▼
Contributions10/11€19k€19k=
Reserves13€4k€4k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€-5k€-21k▼
Amounts payable17/49€49k€51k▲
Amounts payable within one year42/48€49k€51k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€45k€46k▲
Accrued charges and deferred income492/3€280-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€15k€-9k▼
Operating profit (loss)9901€9k€-15k▼
Financial income75/76B€167€206▲
Recurring financial income75€167€206▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€7k€-17k▼
Income taxes67/77€2k€319▼
Profit (loss) for the period9904€4k€-17k▼
Transfer to tax-exempt reserves689€4k-
Profit (loss) for the period to be appropriated9905€241€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-21k▼
Profit (loss) brought forward from the previous period14P€-5k€-5k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €4k | €5k | €5k | ▼ 2.2% |
| Other operating charges640/8 | €449 | €450 | €3k | €1k | €1k | ▼ 20.2% |
| Gross operating margin9900 | €-3k | €45k | €15k | €15k | €-9k | ▼ 159% |
| Operating profit (loss)9901 | €-5k | €42k | €8k | €9k | €-15k | ▼ 264% |
| Financial income75/76B | €419 | €567 | €1 | €167 | €206 | ▲ 23.3% |
| Recurring financial income75 | €419 | €567 | €1 | €167 | €206 | ▲ 23.3% |
| Financial charges65/66B | €2k | €2k | €2k | €2k | €2k | ▼ 0.6% |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | €2k | ▼ 0.6% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-6k | €41k | €6k | €7k | €-17k | ▼ 346% |
| Income taxes67/77 | - | - | €480 | €2k | €319 | ▼ 86.1% |
| Profit (loss) for the period9904 | €-6k | €41k | €5k | €4k | €-17k | ▼ 480% |
| Transfer to tax-exempt reserves689 | - | - | - | €4k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-6k | €41k | €5k | €241 | €-17k | ▼ 7,133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23k | €62k | €62k | €67k | €53k | ▼ 22.0% |
| Fixed assets21/28 | €5k | €6k | €11k | €12k | €8k | ▼ 28.5% |
| Tangible fixed assets22/27 | €5k | €5k | €10k | €11k | €8k | ▼ 30.6% |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | €4k | €4k | €9k | €10k | €6k | ▼ 43.6% |
| Other tangible fixed assets26 | €853 | €500 | €2k | €1k | €689 | ▼ 33.3% |
| Financial fixed assets28 | - | €2k | €784 | €784 | €784 | = |
| Current assets29/58 | €18k | €55k | €51k | €56k | €44k | ▼ 20.6% |
| Amounts receivable within one year40/41 | €11k | €28k | €13k | €19k | €17k | ▼ 9.3% |
| Trade receivables40 | €3k | €25k | €9k | €16k | €8k | ▼ 48.2% |
| Other amounts receivable41 | €8k | €3k | €5k | €3k | €9k | ▲ 221% |
| Cash at bank and in hand54/58 | €7k | €28k | €37k | €14k | €9k | ▼ 35.8% |
| Deferred charges and accrued income490/1 | - | - | - | €22k | €18k | ▼ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23k | €62k | €62k | €67k | €53k | ▼ 22.0% |
| Equity10/15 | €-32k | €9k | €14k | €18k | €1k | ▼ 92.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | - | - | - | €4k | €4k | = |
| Tax-exempt reserves132 | - | - | - | €4k | €4k | = |
| Profit (loss) carried forward14 | €-51k | €-10k | €-5k | €-5k | €-21k | ▼ 372% |
| Amounts payable17/49 | €55k | €53k | €48k | €49k | €51k | ▲ 4.3% |
| Amounts payable within one year42/48 | €55k | €53k | €48k | €49k | €51k | ▲ 4.9% |
| Trade debts44 | €2k | €1k | €3k | €2k | €3k | ▲ 65.8% |
| Suppliers440/4 | €2k | €1k | €3k | €2k | €3k | ▲ 65.8% |
| Taxes, remuneration and social security45 | €4k | €12k | €4k | €2k | €2k | ▲ 28.4% |
| Taxes450/3 | €4k | €12k | €4k | €2k | €2k | ▲ 28.4% |
| Other amounts payable47/48 | €50k | €39k | €41k | €45k | €46k | ▲ 1.2% |
| Accrued charges and deferred income492/3 | - | - | - | €280 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €41k | €5k | €4k | €-17k | ▼ 480% |
| + Depreciation and write-downs630 | €2k | €2k | €4k | €5k | €5k | ▼ 2.2% |
| Operating cash flow (approximation) | €-5k | €43k | €9k | €9k | €-12k | ▼ 232% |
| Investment in fixed assets (approximation) | - | €-3k | €-9k | €-5k | €-1k | ▲ 74.7% |
| Change in cash | - | €21k | €10k | €-23k | €-5k | ▲ 77.3% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.05
Current ratio from 0.32 to 1.05; short-term debt falls from €55k to €53k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €730
Net result €730 after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 11 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, Antwerpen · 1 establishment unit since 2014
Ground area
4,953 m²
Building footprint
4,254 m²
Volume, LiDAR
64,385 m³
Parcel 11811L3665/00X000, Flanders · tallest building 29.2 m, ±6 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Extravaganza
since 20142.226.610.848
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3665/00X000 | Flanders | 4,953 m² | 1 · 4,254 m² | 29.2 m · 6 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.
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Of 6,727 companies in sector 93299 we hold annual accounts for 1,168. 253 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
Founded09-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
18130Pre-press and pre-media services
Scores and ratios are computed by Checked and are not a credit decision.