HORUS EXPORT
ActiveSummary
HORUS EXPORT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,814 and a net result of €8,332. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 8161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+16
Solvency60▲+6
Growth38▼-2
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.38 in 2024; short-term debt: 64.9% of total assets), and 64.9% of the assets are financed with debt.
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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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
35.1%
Return on assets
2.8%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
on the day
2023
14 d early
2022
36 d late
2021
44 d late
2020
131 d late
2019
76 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 36 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 31 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€586,999▼ 17.7%
2024 · €713,511
EBIT margin
2.0%▲ 1.0pp
2024 · 1.0%
Net result
€8,332▲ 27.2%
2024 · €6,549
Working capital
€88,399▲ 0.5%
2024 · €87,994
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€719,477€614,023€713,511▲ 16.2%€586,999▼ 17.7%
Operating result€11,934▼ 20.6%€10,182▼ 14.7%-€2,381€7,281€12,027▲ 65.2%
Net result€8,782within the sector's middle half▼ 39.0%€5,897within the sector's middle half▼ 32.8%€977within the sector's middle half▼ 83.4%€6,549within the sector's middle half▲ 570%€8,332within the sector's middle half▲ 27.2%
EBIT margin1.7%-0.4%1.0%▲ 1.4pp2.0%▲ 1.0pp
Equity€84,060within the sector's middle half▲ 11.7%€89,956within the sector's middle half▲ 7.0%€90,933within the sector's middle half▲ 1.1%€97,482within the sector's middle half▲ 7.2%€105,814within the sector's middle half▲ 8.5%
Total assets€435,393above the sector's middle half▲ 161%€206,798within the sector's middle half▼ 52.5%€294,308within the sector's middle half▲ 42.3%€330,781within the sector's middle half▲ 12.4%€301,063below the sector's middle half▼ 9.0%
Debt€351,333▲ 284%€116,842▼ 66.7%€203,375▲ 74.1%€233,299▲ 14.7%€195,249▼ 16.3%
Working capital€71,902within the sector's middle half▲ 20.5%€80,358within the sector's middle half▲ 11.8%€81,445within the sector's middle half▲ 1.4%€87,994within the sector's middle half▲ 8.0%€88,399within the sector's middle half▲ 0.5%
Solvency19.3%within the sector's middle half▼ 25.8pp43.5%within the sector's middle half▲ 24.2pp30.9%within the sector's middle half▼ 12.6pp29.5%within the sector's middle half▼ 1.4pp35.1%within the sector's middle half▲ 5.7pp
Current ratio1.20within the sector's middle half▼ 0.451.69within the sector's middle half▲ 0.481.40within the sector's middle half▼ 0.291.38within the sector's middle half▼ 0.021.45within the sector's middle half▲ 0.08
Return on assets (ROA)2.0%within the sector's middle half▼ 6.6pp2.9%within the sector's middle half▲ 0.8pp0.3%within the sector's middle half▼ 2.5pp2.0%within the sector's middle half▲ 1.6pp2.8%within the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €301,063
Fixed assets
€17,415 ▲ 83.5%
Current assets
€283,648 ▼ 11.7%
Equity and liabilities €301,063
Equity
€105,814 ▲ 8.5%
Debt
€195,249 ▼ 16.3%
Debt's share of the balance-sheet total falls from 70.5% to 64.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,100
Cash flow
€9,405
Quick ratio
1.30▲
2024 · 1.04
Debt to equity
1.85▼
2024 · 2.39
ROE
7.9%▲
2024 · 6.7%
Interest coverage
95.62
Debt ≤ 1 year
€195,249▼
2024 · €233,299
Income taxes
€4,193▲
2024 · €3,785
Staff costs
€19,493▼
2024 · €23,932
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 10,905 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €719,477 | - | €614,023 | €713,511 | €586,999 | ▼ 17.7% |
| Goods, raw materials, services and sundry goods60/61 | €672,966 | - | €589,929 | €676,508 | €553,310 | ▼ 18.2% |
| Remuneration, social security and pensions62 | €27,287 | €39,855 | €21,189 | €23,932 | €19,493 | ▼ 18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,439 | €3,310 | €110 | - | €1,073 | - |
| Other operating charges640/8 | €3,850 | €1,150 | €5,176 | €5,788 | €1,096 | ▼ 81.1% |
| Gross operating margin9900 | €46,511 | €54,497 | €24,094 | €37,001 | €33,689 | ▼ 9.0% |
| Operating profit (loss)9901 | €11,934 | €10,182 | -€2,381 | €7,281 | €12,027 | ▲ 65.2% |
| Financial income75/76B | - | - | €5,128 | €3,806 | €635 | ▼ 83.3% |
| Recurring financial income75 | - | - | €4,580 | €3 | €635 | ▲ 21,067% |
| Non-recurring financial income76B | - | - | €548 | €3,803 | €635 | ▼ 83.3% |
| Financial charges65/66B | €225 | €2,235 | €307 | €753 | €137 | ▼ 81.8% |
| Recurring financial charges65 | €225 | €2,235 | €307 | €753 | €137 | ▼ 81.8% |
| Profit (loss) for the period before taxes9903 | €11,709 | €7,947 | €2,440 | €10,334 | €12,525 | ▲ 21.2% |
| Income taxes67/77 | €2,927 | €2,050 | €1,463 | €3,785 | €4,193 | ▲ 10.8% |
| Profit (loss) for the period9904 | €8,782 | €5,897 | €977 | €6,549 | €8,332 | ▲ 27.2% |
| Profit (loss) for the period to be appropriated9905 | €8,782 | €5,897 | €977 | €6,549 | €8,332 | ▲ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €435,393 | €206,798 | €294,308 | €330,781 | €301,063 | ▼ 9.0% |
| Fixed assets21/28 | €12,158 | €9,598 | €9,488 | €9,488 | €17,415 | ▲ 83.5% |
| Tangible fixed assets22/27 | €3,420 | €110 | - | - | €7,927 | - |
| Plant, machinery and equipment23 | €3,420 | €110 | - | - | €7,927 | - |
| Financial fixed assets28 | €8,738 | €9,488 | €9,488 | €9,488 | €9,488 | = |
| Current assets29/58 | €423,235 | €197,200 | €284,820 | €321,293 | €283,648 | ▼ 11.7% |
| Stocks and contracts in progress3 | €21,331 | €51,331 | €87,901 | €79,362 | €29,212 | ▼ 63.2% |
| Stocks30/36 | €21,331 | €51,331 | €87,901 | €79,362 | €29,212 | ▼ 63.2% |
| Amounts receivable within one year40/41 | €401,616 | €145,715 | €193,655 | €191,022 | €254,436 | ▲ 33.2% |
| Trade receivables40 | €362,158 | €129,852 | €190,918 | €184,267 | €246,730 | ▲ 33.9% |
| Other amounts receivable41 | €39,458 | €15,863 | €2,737 | €6,755 | €7,706 | ▲ 14.1% |
| Cash at bank and in hand54/58 | €287 | €154 | €3,264 | €50,909 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €435,393 | €206,798 | €294,308 | €330,781 | €301,063 | ▼ 9.0% |
| Equity10/15 | €84,060 | €89,956 | €90,933 | €97,482 | €105,814 | ▲ 8.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2,575 | €2,574 | €2,574 | €2,574 | €2,574 | = |
| Non-distributable reserves130/1 | €2,575 | €2,574 | €2,574 | €2,574 | €2,574 | = |
| Legal reserve130 | €2,575 | €2,574 | €2,574 | €2,574 | €2,574 | = |
| Profit (loss) carried forward14 | €75,286 | €81,182 | €82,159 | €88,708 | €97,040 | ▲ 9.4% |
| Amounts payable17/49 | €351,333 | €116,842 | €203,375 | €233,299 | €195,249 | ▼ 16.3% |
| Amounts payable within one year42/48 | €351,333 | €116,842 | €203,375 | €233,299 | €195,249 | ▼ 16.3% |
| Financial debts43 | - | - | - | - | €624 | - |
| Credit institutions430/8 | - | - | - | - | €624 | - |
| Trade debts44 | €30,568 | - | €103,943 | €185,968 | €155,896 | ▼ 16.2% |
| Suppliers440/4 | €30,568 | - | €103,943 | €185,968 | €155,896 | ▼ 16.2% |
| Advances received on contracts in progress46 | €267,374 | - | - | €25,000 | - | - |
| Taxes, remuneration and social security45 | €37,532 | €70,618 | €88,081 | €22,331 | €38,729 | ▲ 73.4% |
| Taxes450/3 | €9,272 | €6,474 | €3,814 | €7,861 | €10,197 | ▲ 29.7% |
| Remuneration and social security454/9 | €28,259 | €64,144 | €84,267 | €14,470 | €28,532 | ▲ 97.2% |
| Other amounts payable47/48 | €15,859 | €46,224 | €11,351 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,782 | €5,897 | €977 | €6,549 | €8,332 | ▲ 27.2% |
| + Depreciation and write-downs630 | €3,439 | €3,310 | €110 | - | €1,073 | - |
| Operating cash flow (approximation) | €12,221 | €9,207 | €1,087 | €6,549 | €9,405 | ▲ 43.6% |
| Investment in fixed assets (approximation) | - | -€750 | €0 | €0 | -€9,000 | - |
| Change in cash | - | -€133 | €3,110 | €47,645 | - | - |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100,000Eq €105,814 ▲8.5%
8 profitable years in a row build equity to €105,814.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €977 ▼83.4%
Net result drops to €977, the lowest in the series; recovery starts the following year.
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 131 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 76 days late
2019
31-12
Financial
Highest result since 2018net €17,995 ▲17.7%
Net result €17,995, the highest in the series.
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 37 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Jans-Molenbeek · 2 establishment units since 2015
Ground area
3,693 m²
Building footprint
3,028 m²
Volume, LiDAR
36,368 m³
3 parcels, Brussels · tallest building 30.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
HORUS EXPORT
since 20152.239.243.416
Schipstraat 10, 1080 Sint-Jans-Molenbeek
since 20152.266.518.925
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0249/00F000 | Brussels | 3,225 m² | 1 · 2,598 m² | 30.2 m · 1 fl. |
| 21524C0178/00V000 | Brussels | 272 m² | 1 · 107 m² | 11.1 m · 3 fl. |
| 21523B0943/00K031 | Brussels | 196 m² | 1 · 323 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,277 companies in sector 46160 we hold annual accounts for 687. 536 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
Founded13-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
47519Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47792Retail sale of second-hand clothing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568666161
Also
9925:BE0568666161
Registered
19-12-2025
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.