NORD HORIZON
ActiveNORD HORIZON has been active since 2023 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show negative equity (€-44k) and a net result of €-28k. Equity is shrinking by ~155.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth58▲+26
Stability86
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.18 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-8.2%
Return on assets
-5.2%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€44k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 3 filingsDeviation from the deadline
2025
14 d late
2024
35 d late
2023
90 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address strikeout annulled
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-44k▼ 176%
2024 · €-16k
2023: €21k
2024: €-16k
2023 → 2025
Total assets
€539k▼ 0.2%
2024 · €540k
2023: €540k
2024: €540k
2023 → 2025
Net result
€-28k▲ 23.9%
2024 · €-37k
2023: €-29k
2024: €-37k
2023 → 2025
Working capital
€-574k▼ 1,128%
2024 · €-47k
2023: €-10k
2024: €-47k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€21k-€-16k€-44k▼ 176%
Operating result€-12k-€-4k▲ 65.4%€-3k▲ 32.8%
Net result€-29k-€-37k▼ 26.0%€-28k▲ 23.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €539k
Fixed assets
€530k=
Current assets
€9k▼ 10.3%
Key figures and ratios
Solvency
-8.2%▼
2024 · -3.0%
Current ratio
0.02▼
2024 · 0.18
Quick ratio
0.02▼
2024 · 0.18
Debt / equity
-13.26▲
2024 · -34.87
ROE
63.7%▼
2024 · 230.7%
ROA
-5.2%▲
2024 · -6.8%
Debt
€583k▲
2024 · €556k
Debt ≤ 1 year
€583k▲
2024 · €57k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€540k€539k▼
Fixed assets21/28€530k€530k=
Tangible fixed assets22/27€530k€530k=
Land and buildings22€530k€530k=
Current assets29/58€10k€9k▼
Amounts receivable within one year40/41€9k€9k=
Trade receivables40€9k€9k=
Cash at bank and in hand54/58€1k-
Equity and liabilities
Total equity and liabilities10/49€540k€539k▼
Equity10/15€-16k€-44k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-66k€-94k▼
Amounts payable17/49€556k€583k▲
Amounts payable after more than one year17€499k-
Financial debts170/4€499k-
Amounts payable within one year42/48€57k€583k▲
Financial debts43-€500k
Credit institutions430/8-€500k
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Other amounts payable47/48€56k€80k▲
Income statement
Code20242025
Other operating charges640/8€384€481▲
Gross operating margin9900€-4k€-2k▲
Operating profit (loss)9901€-4k€-3k▲
Financial charges65/66B€33k€25k▼
Recurring financial charges65€33k€25k▼
Profit (loss) for the period before taxes9903€-37k€-28k▲
Profit (loss) for the period9904€-37k€-28k▲
Profit (loss) for the period to be appropriated9905€-37k€-28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-94k▼
Profit (loss) brought forward from the previous period14P€-29k€-66k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
27-06
KBO administration
Address strikeout annulled
2024
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
SignalFinancial 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, Charleroi
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.
Place Verte 206000 CharleroiGround area
27 m²
Parcel 52011D0126/02S000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0126/02S000indicative | Wallonia | 27 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AGENCE ET VOUS
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CM INVEST
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Copandi ANN
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Of 11,702 companies in sector 68310 we hold annual accounts for 6,876. 3,945 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2023
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.