ORIZON WEST
ActiveSummary
ORIZON WEST has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.91M and a net result of €326k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-1
Solvency67▲+2
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.71 in 2024; short-term debt: 46.9% and cash: 4.5% of total assets), but 58% of the assets are financed with debt.
Credit check 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42%
Return on assets
4.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
7 d early
2023
on the day
2022
6 d early
2021
29 d late
2020
13 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€24.13M▲ 11.0%
2024 · €21.73M
2024: €21.73M
2024 → 2025
EBIT margin
2.0%▼ 0.4pp
2024 · 2.4%
2024: 2.4%
2024 → 2025
Net result
€326k▼ 12.2%
2024 · €371k
2019: €356k
2020: €259k
2021: €202k
2022: €388k
2023: €472k
2024: €371k
2019 → 2025
Working capital
€2.36M▲ 12.5%
2024 · €2.10M
2019: €1.34M
2020: €1.41M
2021: €1.39M
2022: €1.32M
2023: €1.77M
2024: €2.10M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.73M€24.13M▲ 11.0%
Equity€1.67M-€2.01M▲ 20.9%€2.38M▲ 18.2%€2.65M▲ 11.3%€2.91M▲ 9.9%
Operating result€224k-€387k▲ 72.9%€607k▲ 57.1%€515k▼ 15.3%€472k▼ 8.3%
Net result€202k-€388k▲ 91.9%€472k▲ 21.6%€371k▼ 21.4%€326k▼ 12.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.93M
Fixed assets
€1.32M ▼ 14.2%
Current assets
€5.61M ▲ 11.4%
Equity and liabilities €6.93M
Equity
€2.91M ▲ 9.9%
Provisions
€0 ▼ 100%
Debt
€4.02M ▲ 3.5%
Debt's share of the balance-sheet total falls from 59.1% to 58.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€824k▼
2024 · €837k
Cash flow
€678k▼
2024 · €693k
Current ratio
1.73▲
2024 · 1.71
Quick ratio
0.81▼
2024 · 0.96
Debt to equity
1.38▼
2024 · 1.47
ROE
11.2%▼
2024 · 14.0%
ROA
4.7%▼
2024 · 5.6%
Interest coverage
14.11▼
2024 · 16.51
Debt ≤ 1 year
€3.25M▲
2024 · €2.94M
Debt > 1 year
€737k▼
2024 · €929k
Income taxes
€99k▲
2024 · €98k
Staff costs
€1.54M▲
2024 · €1.45M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 85 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.58M€6.93M▲
Fixed assets21/28€1.54M€1.32M▼
Tangible fixed assets22/27€1.54M€1.32M▼
Plant, machinery and equipment23€426k€369k▼
Furniture and vehicles24€388k€363k▼
Leasing and similar rights25€271k€173k▼
Other tangible fixed assets26€453k€415k▼
Financial fixed assets28€1k€1k=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€5.04M€5.61M▲
Stocks and contracts in progress3€2.21M€2.97M▲
Stocks30/36€2.21M€2.97M▲
Goods purchased for resale34€2.21M€2.97M▲
Amounts receivable within one year40/41€2.71M€2.32M▼
Trade receivables40€2.67M€2.26M▼
Other amounts receivable41€39k€53k▲
Cash at bank and in hand54/58€85k€314k▲
Deferred charges and accrued income490/1€34k€17k▼
Equity and liabilities
Total equity and liabilities10/49€6.58M€6.93M▲
Equity10/15€2.65M€2.91M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.53M€2.79M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€2.52M€2.79M▲
Profit (loss) carried forward14€4k€5k▲
Investment grants15€56k€52k▼
Provisions and deferred taxes16€40k€0▼
Provisions for liabilities and charges160/5€40k€0▼
Major repairs and maintenance162€40k€0▼
Amounts payable17/49€3.89M€4.02M▲
Amounts payable after more than one year17€929k€737k▼
Financial debts170/4€929k€737k▼
Leasing and similar obligations172€239k€144k▼
Credit institutions173€500k€403k▼
Other loans174€190k€190k=
Amounts payable within one year42/48€2.94M€3.25M▲
Current portion of amounts payable after more than one year42€243k€263k▲
Financial debts43€115k€115k▼
Credit institutions430/8€115k€115k▼
Trade debts44€2.13M€2.34M▲
Suppliers440/4€2.13M€2.34M▲
Advances received on contracts in progress46€13k€6k▼
Taxes, remuneration and social security45€327k€368k▲
Taxes450/3€25k€26k▲
Remuneration and social security454/9€302k€342k▲
Other amounts payable47/48€110k€160k▲
Accrued charges and deferred income492/3€20k€34k▲
Income statement
Code20242025
Operating income70/76A€21.98M€24.34M▲
Turnover70€21.73M€24.13M▲
Other operating income74€241k€202k▼
Non-recurring operating income76A€0€9k▲
Operating charges60/66A€21.46M€23.86M▲
Goods for resale, raw materials and consumables60€17.90M€19.91M▲
Purchases600/8€18.15M€20.70M▲
Change in stocks: decrease (increase)609€-245k€-785k▼
Services and other goods61€1.67M€2.00M▲
Remuneration, social security and pensions62€1.45M€1.54M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€322k€352k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€44k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€40k€-40k▼
Other operating charges640/8€61k€55k▼
Operating profit (loss)9901€515k€472k▼
Financial income75/76B€6k€17k▲
Recurring financial income75€6k€17k▲
Other financial income752/9€6k€17k▲
Financial charges65/66B€52k€64k▲
Recurring financial charges65€52k€64k▲
Debt charges650€51k€58k▲
Other financial charges652/9€1k€6k▲
Profit (loss) for the period before taxes9903€469k€424k▼
Income taxes67/77€98k€99k▲
Taxes670/3€98k€99k▲
Profit (loss) for the period9904€371k€326k▼
Profit (loss) for the period to be appropriated9905€371k€326k▼
Appropriation of the result
Profit (loss) to be appropriated9906€374k€330k▼
Profit (loss) brought forward from the previous period14P€3k€4k▲
Transfer to equity691/2€260k€265k▲
To other reserves6921€260k€265k▲
Profit to be distributed694/7€110k€60k▼
Directors or managers695€110k€60k▼
Social balance
Average headcount (FTE)908720.620.7▲
The notes to these accounts (67 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
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €472k ▲21.6%
Operating result €607k, net result €472k, both a record.
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €2MEq €2.01M ▲20.9%
4 profitable years in a row build equity to €2.01M.
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
31-03
Financial
Weakest financial yearnet €202k ▼22.1%
Net result drops to €202k, the lowest in the series; recovery starts the following year.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2019
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 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, Roeselare · 1 establishment unit since 1987
Ground area
8,805 m²
Building footprint
4,186 m²
Volume, LiDAR
8 m³
Parcel 36505B1206/00A000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Krommebeekpark 8, 8800 Roeselare
since 19872.030.650.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36505B1206/00A000 | Flanders | 8,805 m² | 1 · 4,186 m² | 0.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 8,883 EUR awarded · 9,182 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 594 EUR | 1,449 EUR |
| 2024 | 1 | 1,893 EUR | 1,337 EUR |
| 2023 | 3 | 6,111 EUR | 6,111 EUR |
| 2022 | 1 | 285 EUR | 285 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies ecologisch en veilig transport (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.030.650.854
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Of 697 companies in sector 46392 we hold annual accounts for 483. 243 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-05-1987
Fiscal year end31-03
Activities, NACEBEL 2025
46331Wholesale trade
46392Non-specialised wholesale
46389Wholesale of other food products
47271Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.