NN Horses
ActiveNN Horses has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €175k and a net result of €12k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 3941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-27
Solvency70▼-9
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.07 in 2023; short-term debt: 53.9% and cash: 0% of total assets), but 55.1% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
90 d late
2022
113 d late
2021
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€175k▲ 7.7%
2023 · €163k
2021: €109k
2022: €73k
2023: €163k
2021 → 2024
Total assets
€390k▲ 29.6%
2023 · €301k
2021: €208k
2022: €244k
2023: €301k
2021 → 2024
Net result
€12k▼ 86.2%
2023 · €90k
2021: €104k
2022: €-36k
2023: €90k
2021 → 2024
Working capital
€153k▲ 13.3%
2023 · €135k
2021: €78k
2022: €39k
2023: €135k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€109k-€73k▼ 33.4%€163k▲ 124%€175k▲ 7.7%
Operating result€135k-€-35k€107k€22k▼ 79.1%
Net result€104k-€-36k€90k€12k▼ 86.2%
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 79% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €390k
Fixed assets
€26k▼ 31.5%
Current assets
€363k▲ 38.6%
Equity and liabilities €390k
Equity
€175k▲ 7.7%
Debt
€215k▲ 55.4%
The debt ratio rises from 45.9% to 55.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▼
2023 · €122k
Cash flow
€28k▼
2023 · €105k
Solvency
44.9%▼
2023 · 54.1%
Current ratio
1.73▼
2023 · 2.07
Quick ratio
0.27▼
2023 · 0.33
Debt / equity
1.22▲
2023 · 0.85
ROE
7.1%▼
2023 · 55.3%
ROA
3.2%▼
2023 · 29.9%
Interest coverage
6.08▼
2023 · 36.00
Debt
€215k▲
2023 · €138k
Debt ≤ 1 year
€210k▲
2023 · €127k
Debt > 1 year
€4k▼
2023 · €11k
Income taxes
€4k▼
2023 · €13k
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€301k€390k▲
Fixed assets21/28€39k€26k▼
Tangible fixed assets22/27€39k€26k▼
Plant, machinery and equipment23€7k€8k▲
Furniture and vehicles24€31k€18k▼
Current assets29/58€262k€363k▲
Stocks and contracts in progress3€220k€306k▲
Stocks30/36€220k€306k▲
Amounts receivable within one year40/41€37k€56k▲
Trade receivables40€37k€56k▲
Other amounts receivable41€250€0▼
Cash at bank and in hand54/58€4k€0▼
Deferred charges and accrued income490/1€857€861▲
Equity and liabilities
Total equity and liabilities10/49€301k€390k▲
Equity10/15€163k€175k▲
Contributions10/11€5k€5k=
Reserves13€158k€170k▲
Distributable reserves133€158k€170k▲
Amounts payable17/49€138k€215k▲
Amounts payable after more than one year17€11k€4k▼
Financial debts170/4€11k€4k▼
Amounts payable within one year42/48€127k€210k▲
Current portion of amounts payable after more than one year42€9k€7k▼
Financial debts43-€36k
Credit institutions430/8-€36k
Trade debts44€98k€113k▲
Suppliers440/4€98k€113k▲
Taxes, remuneration and social security45€20k€22k▲
Taxes450/3€20k€22k▲
Other amounts payable47/48€0€32k▲
Accrued charges and deferred income492/3-€583
Income statement
Code20232024
Non-recurring operating income76A€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€25k
Gross operating margin9900€124k€65k▼
Operating profit (loss)9901€107k€22k▼
Financial income75/76B€196€228▲
Recurring financial income75€196€228▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€103k€16k▼
Income taxes67/77€13k€4k▼
Profit (loss) for the period9904€90k€12k▼
Profit (loss) for the period to be appropriated9905€90k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€12k▼
Transfer from equity791/2€0-
Transfer to equity691/2€90k€12k▼
To other reserves6921€90k€12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
31-12
Financial
Equity above €150kEq €163k ▲124%
Equity rises from €73k to €163k.
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 113 days late
2022
31-12
Financial
Weakest financial yearnet €-36k ▼135%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Maaseik · 2 establishment units since 2020
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.
Houwstraat 283680 MaaseikGround area
4,651 m²
Building footprint
633 m²
Volume, LiDAR
3,050 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
NN Horses
since 20202.311.044.596
NN Horses
since 20232.351.674.235
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030D0832/00Z000 | Flanders | 2,806 m² | 1 · 436 m² | 9.7 m · 1 fl. |
| 72028C0380/00W000 | Flanders | 1,845 m² | 1 · 197 m² | 7.5 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
DEUSTERHOEF
BE 0433.898.519
Peer · Eq €175k
LSF STABLES
BE 0400.786.083
Riemst · Eq €176k
Stal Vant Durp
BE 0806.333.878
Deinze · Eq €176k
Mols & Verdonck
BE 0862.016.729
Ranst · Eq €177k
HARAS DE L'ESCAILLE
BE 0683.643.924
Namur · Eq €177k
Of 1,957 companies in sector 01430 we hold annual accounts for 743. 539 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-2020
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
25120Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.