Horward
ActiveHorward has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €107k and a net result of €1k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-14
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.75 against 6.75 in 2023; short-term debt: 20.2% and cash: 16.2% of total assets), and 20.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
30 d early
2022
38 d early
2021
6 d early
2020
9 d late
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€107k▲ 1.0%
2023 · €106k
2018: €59k
2019: €71k
2020: €78k
2021: €78k
2022: €91k
2023: €106k
2018 → 2024
Total assets
€134k▲ 8.8%
2023 · €123k
2018: €112k
2019: €104k
2020: €119k
2021: €132k
2022: €109k
2023: €123k
2018 → 2024
Net result
€1k▼ 93.2%
2023 · €15k
2018: €6k
2019: €12k
2020: €7k
2021: €448
2022: €12k
2023: €15k
2018 → 2024
Working capital
€102k▲ 2.2%
2023 · €100k
2018: €55k
2019: €68k
2020: €76k
2021: €78k
2022: €83k
2023: €100k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€78k-€78k▲ 0.6%€91k▲ 15.6%€106k▲ 16.9%€107k▲ 1.0%
Operating result€10k-€2k▼ 84.7%€17k▲ 981%€22k▲ 33.0%€1k▼ 93.3%
Net result€7k-€448▼ 93.7%€12k▲ 2,635%€15k▲ 24.9%€1k▼ 93.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 93% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134k
Fixed assets
€5k▼ 18.2%
Current assets
€129k▲ 10.3%
Equity and liabilities €134k
Equity
€107k▲ 1.0%
Debt
€27k▲ 56.7%
The debt ratio rises from 14.1% to 20.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2023 · €23k
Cash flow
€2k▼
2023 · €16k
Solvency
79.8%▼
2023 · 85.9%
Current ratio
4.75▼
2023 · 6.75
Quick ratio
4.58▼
2023 · 5.40
Debt / equity
0.25▲
2023 · 0.16
ROE
1.0%▼
2023 · 14.4%
ROA
0.8%▼
2023 · 12.4%
Interest coverage
16.57▼
2023 · 47.72
Debt
€27k▲
2023 · €17k
Debt ≤ 1 year
€27k▲
2023 · €17k
Income taxes
€681▼
2023 · €6k
Staff costs
€69k▲
2023 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€123k€134k▲
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€6k€5k▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€117k€129k▲
Stocks and contracts in progress3€24k€5k▼
Stocks30/36€24k€5k▼
Amounts receivable within one year40/41€46k€39k▼
Trade receivables40€45k€37k▼
Other amounts receivable41€1k€2k▲
Current investments50/53€28k€60k▲
Cash at bank and in hand54/58€16k€22k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€123k€134k▲
Equity10/15€106k€107k▲
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€945€945=
Distributable reserves133€39k€39k=
Profit (loss) carried forward14€46k€47k▲
Amounts payable17/49€17k€27k▲
Amounts payable within one year42/48€17k€27k▲
Trade debts44€11k€22k▲
Suppliers440/4€11k€22k▲
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€549€51▼
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€142€86▼
Income statement
Code20232024
Remuneration, social security and pensions62€51k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8-€298
Gross operating margin9900€74k€72k▼
Operating profit (loss)9901€22k€1k▼
Financial income75/76B€69€402▲
Recurring financial income75€69€402▲
Financial charges65/66B€487€158▼
Recurring financial charges65€487€158▼
Profit (loss) for the period before taxes9903€22k€2k▼
Income taxes67/77€6k€681▼
Profit (loss) for the period9904€15k€1k▼
Profit (loss) for the period to be appropriated9905€15k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€47k▼
Profit (loss) brought forward from the previous period14P€45k€46k▲
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €15k ▲24.9%
Operating result €22k, net result €15k, both a record.
31-12
Financial
Equity above €100kEq €106k ▲16.9%
6 profitable years in a row build equity to €106k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.47
Current ratio from 2.44 to 5.47; short-term debt falls from €54k to €19k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €448 ▼93.7%
Net result drops to €448, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Jalhay · 1 establishment unit since 1978
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin de la Platte 464845 JalhayGround area
2,541 m²
Building footprint
441 m²
Volume, LiDAR
2,130 m³
2 parcels, Wallonia · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Haut-Vinâve 59 F, 4845 Jalhay
since 19782.015.515.488
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63038D0278/00E000 | Wallonia | 1,541 m² | 1 · 254 m² | 6.0 m · 2 fl. |
| 63038D0278/00D000 | Wallonia | 1,000 m² | 1 · 187 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TNC CONSTRUCT
BE 0741.927.066
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MEYHUI YVES METSELWERKEN
BE 0449.559.267
Waregem · Eq €107k
SERAM
BE 0435.636.995
Antwerpen · Eq €107k
BOUW & IMMO
BE 0886.733.418
Antwerpen · Eq €107k
Boussier
BE 0765.239.928
Ternat · Eq €107k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,071 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-1978
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.