HORUS+
ActiveSummary
The computed 12-month bankruptcy probability of HORUS+ is 2.9% (moderate). The 2024 annual accounts show negative equity (-€158,227) and a net result of -€4,523. Equity is shrinking by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 18932 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability66▲+65
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.39 in 2023; short-term debt: 173.4% and cash: 0.4% of total assets), and equity is negative.
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Signals
Six 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 →
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 2024Solvency, return and age of the figures
Solvency
-73.4%
Return on assets
-2.1%
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€158,227
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
not confirmed
2024
70 d late
2023
114 d late
2022
142 d late
2021
29 d late
2020
88 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 94 days after 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 (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€12,000
EBIT margin
-765.9%
Net result
-€4,523▲ 84.1%
2023 · -€28,410
Working capital
-€236,253▼ 7.2%
2023 · -€220,471
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€12,000
Operating result-€91,904-€20,919▲ 77.2%-€22,206▼ 6.2%-€28,214▼ 27.1%-€2,846▲ 89.9%
Net result-€92,194-€21,173▲ 77.0%-€22,394▼ 5.8%-€28,410▼ 26.9%-€4,523▲ 84.1%
EBIT margin-765.9%
Equity-€81,727-€102,900▼ 25.9%-€125,294▼ 21.8%-€153,704▼ 22.7%-€158,227▼ 2.9%
Total assets€165,780▼ 56.6%€157,254▼ 5.1%€172,692▲ 9.8%€205,572▲ 19.0%€215,572▲ 4.9%
Debt€247,507▼ 33.4%€260,154▲ 5.1%€297,987▲ 14.5%€359,277▲ 20.6%€373,799▲ 4.0%
Working capital-€83,634▲ 10.0%-€104,807▼ 25.3%-€161,605▼ 54.2%-€220,471▼ 36.4%-€236,253▼ 7.2%
Staff (FTE)2.83.8▲ 35.7%4.4▲ 15.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,846 in 2024 against €28,214 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €215,572
Fixed assets
€78,026 ▲ 16.9%
Current assets
€137,546 ▼ 0.9%
Key figures and ratios
EBITDA
€13,077▲
2023 · -€21,468
Cash flow
€11,400▲
2023 · -€21,663
Solvency
-73.4%▲
2023 · -74.8%
Current ratio
0.37▼
2023 · 0.39
Debt to equity
-2.36▼
2023 · -2.34
ROA
-2.1%▲
2023 · -13.8%
Interest coverage
7.80▲
2023 · -53.64
Debt ≤ 1 year
€373,799▲
2023 · €359,277
Staff costs
€87,773▲
2023 · €61,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €12,000 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €25,115 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €35,321 | €61,441 | €87,773 | ▲ 42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €2,197 | €6,747 | €15,923 | ▲ 136% |
| Other operating charges640/8 | - | €748 | €2,453 | €7,218 | €11,440 | ▲ 58.5% |
| Gross operating margin9900 | -€19,308 | -€20,171 | €17,765 | €47,191 | €112,290 | ▲ 138% |
| Operating profit (loss)9901 | -€91,904 | -€20,919 | -€22,206 | -€28,214 | -€2,846 | ▲ 89.9% |
| Financial income75/76B | - | - | - | €205 | - | - |
| Recurring financial income75 | - | - | - | €205 | - | - |
| Financial charges65/66B | - | €254 | €188 | €400 | €1,677 | ▲ 319% |
| Recurring financial charges65 | €290 | €254 | €188 | €400 | €1,677 | ▲ 319% |
| Profit (loss) for the period before taxes9903 | -€92,194 | -€21,173 | -€22,394 | -€28,410 | -€4,523 | ▲ 84.1% |
| Profit (loss) for the period9904 | -€92,194 | -€21,173 | -€22,394 | -€28,410 | -€4,523 | ▲ 84.1% |
| Profit (loss) for the period to be appropriated9905 | -€92,194 | -€21,173 | -€22,394 | -€28,410 | -€4,523 | ▲ 84.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,780 | €157,254 | €172,692 | €205,572 | €215,572 | ▲ 4.9% |
| Fixed assets21/28 | €1,907 | €1,907 | €36,311 | €66,767 | €78,026 | ▲ 16.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | €34,066 | €64,522 | €75,781 | ▲ 17.4% |
| Plant, machinery and equipment23 | - | - | €9,245 | €16,917 | €39,189 | ▲ 132% |
| Furniture and vehicles24 | - | - | €24,820 | €47,605 | €36,592 | ▼ 23.1% |
| Financial fixed assets28 | €1,907 | €1,907 | €2,245 | €2,245 | €2,245 | = |
| Current assets29/58 | €163,873 | €155,347 | €136,382 | €138,805 | €137,546 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €163,810 | €155,059 | €136,354 | €138,250 | €136,730 | ▼ 1.1% |
| Trade receivables40 | - | €154,581 | €136,250 | €138,250 | €135,809 | ▼ 1.8% |
| Other amounts receivable41 | - | €477 | €104 | - | €921 | - |
| Cash at bank and in hand54/58 | €63 | €289 | €28 | €555 | €817 | ▲ 47.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,780 | €157,254 | €172,692 | €205,572 | €215,572 | ▲ 4.9% |
| Equity10/15 | -€81,727 | -€102,900 | -€125,294 | -€153,704 | -€158,227 | ▼ 2.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€100,327 | -€121,500 | -€143,894 | -€172,304 | -€176,827 | ▼ 2.6% |
| Amounts payable17/49 | €247,507 | €260,154 | €297,987 | €359,277 | €373,799 | ▲ 4.0% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €247,507 | €260,154 | €297,987 | €359,277 | €373,799 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | €8,445 | €1,281 | €1,281 | €1,281 | = |
| Trade debts44 | €16,426 | €10,805 | €30,787 | €29,877 | €18,134 | ▼ 39.3% |
| Suppliers440/4 | - | €10,805 | €30,787 | €29,877 | €18,134 | ▼ 39.3% |
| Taxes, remuneration and social security45 | - | €0 | €14,257 | €7,978 | €9,749 | ▲ 22.2% |
| Taxes450/3 | - | €0 | €3,386 | €1,585 | €6,743 | ▲ 325% |
| Remuneration and social security454/9 | - | - | €10,871 | €6,393 | €3,006 | ▼ 53.0% |
| Other amounts payable47/48 | - | €240,904 | €251,662 | €320,141 | €344,636 | ▲ 7.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€92,194 | -€21,173 | -€22,394 | -€28,410 | -€4,523 | ▲ 84.1% |
| + Depreciation and write-downs630 | €0 | - | €2,197 | €6,747 | €15,923 | ▲ 136% |
| Operating cash flow (approximation) | -€92,194 | -€21,173 | -€20,197 | -€21,663 | €11,400 | ▲ 153% |
| Investment in fixed assets (approximation) | - | €0 | -€36,601 | -€37,203 | -€27,182 | ▲ 26.9% |
| Change in cash | - | €226 | -€261 | €527 | €261 | ▼ 50.4% |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet -€92,194
Net result drops to -€92,194, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Highest result since 2018net €39,825 ▲127%
Operating result €65,557, net result €39,825, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Liège · 1 establishment unit since 2008
Ground area
76 m²
Building footprint
79 m²
Volume, LiDAR
1,480 m³
Parcel 62805B0472/00W000, Wallonia · tallest building 20.3 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Le Saint-Georges
since 20082.184.738.621
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0472/00W000 | Wallonia | 76 m² | 1 · 79 m² | 20.3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.184.738.621
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Of 14,006 companies in sector 56301 we hold annual accounts for 4,889. 3,539 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
Founded22-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Contact
E-mail
horusplus@hotmail.comLiège
Phone
0473/760.441Liège
Scores and ratios are computed by Checked and are not a credit decision.