Equity
-€121,932
Debts exceed assets in financial year 2025.
HOUTVELD STABLES
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €99,958 (2022)
€9,358▼ 87.0%
lowest -€74,814 (2014)
-€4,743▼ €63,679
peak €32,989 (2008)
-€121,932▼ €4,743
€361,351▼ 3.2%
Board1 name since 2021
1 directorXavier VAN MELCKENBEKE
Documentsfilings and deeds
30-03-202631 days before the deadline
2025micro format
Gross margin from €72,254 to €9,358Loss of €4,743Cash from €45,461 to €20,575
Key points
from the 2025 annual accountsResult
-€4,743 -€4,743
From profit to loss in 2025, after a profit of €58,936 in 2024.
Debts
€361,351 151% of the balance sheet
Suppliers 2%Taxes and wages 1%Other 97%
Filings
33 annual accounts since 1993
The last five annual accounts were filed 4 to 34 days before the end of the period.
At the same address
54 companies
Position in the sector
-€121,932
Less equity than 93% of companies in sports and recreation. Sector median €31,165 · 2,882 companies.
Checked score
54
Fair
Financially stronger than 25% of micro companies in sports and recreation (NACE 93)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 4,268 companies (NACE 93, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.2 percentage points vs 03-2025highest value
05-2025: 0.3%▼ -0.3 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.2%▼ -0.1 percentage points vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€121,932
Loss of €4,743 (financial year 2025)
lowers risk
Size: turnover €0, total assets €239,419
Founded in 1991
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 9% of them on solvency, 12% on liquidity, 44% on profitability and 36% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,796 companies had the same profile as HOUTVELD STABLES has now. Each dot stands for 7 companies, two years later.
90.3%
were still trading
6.0%
stopped another way
2.1%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HOUTVELD STABLES itself is lower: 0.4% within 12 months. It rests on far more data about HOUTVELD STABLES than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,796 companies, not a prediction for HOUTVELD STABLES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.6 (0.61 in 2024), below 1. Short-term debt is 150.9% and cash 8.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€121,932
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
34 days early
2023
33 days early
2022
31 days early
2021
4 days early
2020
4 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0444916630
Amendment of the articles · Legal-form change
Gazette deed
Company renamed from HORSE TRACKS to HOUTVELD STABLES
Change of role: Xavier VAN MELCKENBEKE, from manager to director · “L’achat,la vente,la location,l’élevage,l’entraînement,l’hébergement et la ferrure de chevaux; L’enseignement…” (deed in French) · Director discharge: Xavier VAN MELCKENBEKE · General meeting of 28-03-2024 · Gazette deed
First establishment
HORSE TRACKS, Kunstlaan 24, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOUTVELD STABLES Brussels | €239,419 | €9,358 | -50.9% | - |
| T.C. SPORTEC Geel | €239,182 | €10,801 | 91.5% | - |
| JOJO Poperinge | €309,405 | €8,772 | 91.8% | - |
| DIMA Wetteren | €323,105 | €7,737 | 38.3% | - |
| TENNIS- UND SQUASHCENTER LICHTENBUSCH Raeren | €214,082 | €14,220 | 93.5% | - |
| HIKO Ninove | €235,848 | €9,721 | 31.8% | - |
| Rayan Berlaar | €399,331 | €11,004 | 72.2% | - |
These companies have the same main activity as HOUTVELD STABLES: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €214,000 and €399,000, founded between 1986 and 2001.
Official details
Source: KBO- Status
- Active since 26-08-1991Normal situation
- Registered office
- 56 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Operation of sports facilitiesNACE 93110
- Establishment unit
- 2.054.061.8051000 Brussels, since 01-08-1995
- Financial year end
- 30 September
- Peppol
- Reachable since 09-12-2025
Annual accounts to 30-09-2025
- €239,419▼ 6.6%
- Filing
- Filed on 30-03-2026, 31 days before the end of the filing period
Insights on HOUTVELD STABLES
HOUTVELD STABLES files the micro format. That format states no turnover. The gross margin rose from €1,435 in 2006 to €9,358 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HOUTVELD STABLES
- What is the company number of HOUTVELD STABLES?
- The company number of HOUTVELD STABLES is 0444.916.630. The VAT number is the same number with BE in front: BE 0444.916.630.
- Where is HOUTVELD STABLES based?
- The registered office is at Kunstlaan 24, 1000 Brussels.Company details
- What does HOUTVELD STABLES do?
- According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
- What is the legal form of HOUTVELD STABLES?
- HOUTVELD STABLES is a private limited company (BV).
- When was HOUTVELD STABLES founded?
- HOUTVELD STABLES was founded on 26-08-1991.
- Is HOUTVELD STABLES still active?
- Yes, HOUTVELD STABLES is an active enterprise in the KBO register.
- What is the turnover of HOUTVELD STABLES?
- The turnover of HOUTVELD STABLES was €0 in financial year 2025, according to the filed annual accounts.Financials
- Is HOUTVELD STABLES profitable?
- In financial year 2025, HOUTVELD STABLES made a loss of €4,743.
- Where can I find the annual accounts of HOUTVELD STABLES?
- HOUTVELD STABLES filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOUTVELD STABLES due?
- HOUTVELD STABLES must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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