MA SPORTHORSES

Active

Private limited company (pre-2019)founded 2017active for 8 yearsd'Arconatistraat 77, 1700 Dilbeek, BelgiumKBO/BCE: BE 0685.651.923

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of MA SPORTHORSES is 1.8% (moderate). The 2025 annual accounts show negative equity (-€427,176) and a net result of €122,236, of which €84,114 non-recurring income. Equity is shrinking by about 52% per year across the filed financial years. Its solvency ranks better than 5% of 3,710 sector peers (NACE 01, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

MA SPORTHORSESActiveChecked score 54/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 05-12-2017 Normal situation
Legal form: Private limited company (pre-2019)
Registered office: d'Arconatistraat 77, 1700 Dilbeek
Activity: Raising of horses and other equines NACE 01430
Establishment unit: 2.273.144.322 1700 Dilbeek, since 05-12-2017
Financial year end: 31 December
Peppol: Reachable since 03-10-2025

Company details

Who decides

Board

VERHASSELT MarieDirector

Board & ownership

How it is doing

54 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.8%

Annual accounts 2025

Gross margin: €164,997
Turnover: ≈ €450,000; estimated
Profit: €122,236
Equity: -€427,176; ▲ 22.2%
Total assets: €161,160; ▼ 91.0%

2025 accounts 49 days early

Filed on 12-06-2026PDF

Financials

Why 54raises risk1 change of registered office in 24 monthsNegative equity -€427,1762 of the last 3 latelowers riskSector: Crop and animal production, hunting and related service activities (NACE 01)Show the evidence

Checked score

Score 2025

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 45% of its sector peers (NACE 01, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 0=

equity -265.1% of total assets

Liquidity 5-32

short-term debt 101.4% · cash 4.0%

Profitability 100+96

return on assets 75.8%

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,697 companies, NACE 01, micro)

Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024lowest value 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.4%▲ +0.3 percentage points vs 07-2025 09-2025: 1.7%▲ +0.3 percentage points vs 08-2025 10-2025: 2.4%▲ +0.7 percentage points vs 09-2025 11-2025: 1.3%▼ -1.1 percentage points vs 10-2025 12-2025: 2.8%▲ +1.5 percentage points vs 11-2025 01-2026: 2.8%● unchanged vs 12-2025 02-2026: 3.1%▲ +0.3 percentage points vs 01-2026 03-2026: 3.0%▼ -0.1 percentage points vs 02-2026 04-2026: 3.1%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 2.9%▼ -0.2 percentage points vs 04-2026 06-2026: 2.9%● unchanged vs 05-2026 07-2026: 1.8%▼ -1.1 percentage points vs 06-2026 08-2026: 1.8%● unchanged vs 07-2026 09-2026: 1.8%● unchanged vs 08-2026 10-2026: 1.8%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.87, compared with 0.21 in 2024, below 1; short-term debt: 101.4% and cash: 4% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 01, micro): better than 5% on solvency, 7% on liquidity, 96% on profitability and 74% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Negative equity -€427,176

NBB · annual accounts

Sector: Crop and animal production, hunting and related service activities (NACE 01)

KBO

2 of the last 3 late

NBB · filings

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3710 sector peers (2025).

NBB · sector comparison

Position among 3710 sector peers

Solvency

better than 5%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

49 days early

2024

61 days late

2023

58 days late

2022

190 days late

2021

555 days late

2020

607 days late

2019

143 days 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 224 days after the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 filed years within 129 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€427,176 View
Caution: Among the weakest 5% on solvencysector median 32.2% · 3,710 companies -265.1% View
Positive: Back in profit in 2025after -€206,100 in 2024 €122,236 View
Caution: A director leftlatest change 10-11-2025 · 1 in office 1 left View

Documents

Key facts about MA SPORTHORSES

What is the company number of MA SPORTHORSES?: 0685.651.923. In Belgium the VAT number is the company number with BE in front: BE 0685.651.923.
Where is MA SPORTHORSES based?: The registered office is at d'Arconatistraat 77, 1700 Dilbeek.Company details
What does MA SPORTHORSES do?: According to the KBO register, the main activity is raising of horses and other equines (NACE 01430).
What is the legal form of MA SPORTHORSES?: Private limited company (pre-2019) (BVBA).
When was MA SPORTHORSES founded?: On 05-12-2017.
Is MA SPORTHORSES still active?: Yes, MA SPORTHORSES is an active enterprise in the KBO register.
How many employees does MA SPORTHORSES have?: On average 0.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of MA SPORTHORSES?: ≈ €450,000 in financial year 2025. Estimated from the gross margin of €164,997: probably between €300,000 and €670,000, based on 45 comparable companies, NACE 01.
Is MA SPORTHORSES profitable?: In financial year 2025, MA SPORTHORSES made a profit of €122,236.
Where can I find the annual accounts of MA SPORTHORSES?: MA SPORTHORSES filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of MA SPORTHORSES due?: By 31-07-2027, for financial year 2026.Timeline

Companies related to MA SPORTHORSES

Comparable companies

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

Overview