Turnover
≈ €190,000 estimated
The micro format states no turnover.
SUNHORSE
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €68,183 (2011)
€13,890▼ 71.1%
lowest -€38,613 (2013)
-€4,317▼ €30,827
peak €40,552 (2011)
€19,806▼ 17.9%
€28,754▼ 41.7%
peak 1.1 FTE (2018)
-not published
Board2 names since 2004
2 directors and 1 other
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €48,127 to €13,890Loss of €4,317Equity from €24,123 to €19,806Debts from €49,303 to €28,754
Key points
from the 2025 annual accountsFilings
21 annual accounts since 2005
The last five annual accounts were filed 40 to 56 days before the end of the period.
Position in the sector
-€4,317
Lower net result than 82% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as SUNHORSE has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.5%
stopped another way
0.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 12,322 companies, not a prediction for SUNHORSE. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0870083763
Registered office moved from Namur to Héron
New registered office: Rue de la Sarthe 9/A000, 4217 Héron · Previous registered office: Rue de Jausse 181, 5000 Namur · Resignations: (manager) and (manager) · General meeting of 21-12-2023 · Gazette deed
Appointment: (manager)
General meeting of 17-06-2019 · Gazette deed
Company renamed from EURO PASSE to SUNHORSE
“14. Toutes activités relative à l'exploitation et au fonctionnement d'un hippodrome ou d'un manège; 15. Toutes…” (deed in French) · General meeting of 26-08-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SUNHORSE Héron | €48,560 | €13,890 | 40.8% | - |
| MARIOT Brasschaat | €54,177 | €15,969 | -65.7% | - |
| JANSSENS Waregem | €41,986 | €14,440 | 73.8% | - |
| CV CH MITRENGA Boom | €48,806 | €11,540 | 72.3% | - |
| SANIVANI Ranst | €42,725 | €15,125 | 99.8% | - |
| Dany De Freeuw Tournai | €41,761 | €15,739 | 62.0% | - |
| HEAT ENERGY Waimes | €56,687 | €14,826 | 52.7% | - |
These companies have the same main activity as SUNHORSE: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €41,800 and €56,700, founded between 2002 and 2009.
Official details
Source: KBO- Status
- Active since 19-11-2004Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222
- Joint committee
- 144Agriculture · annual accounts 2021
- Establishment unit
- 2.146.565.9535100 Namur, since 19-11-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 14-10-2025
Annual accounts 2025
- €48,560▼ 33.9%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on SUNHORSE
SUNHORSE files the micro format. That format states no turnover. The gross margin fell from €14,929 in 2006 to €13,890 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 SUNHORSE
- What is the company number of SUNHORSE?
- The company number of SUNHORSE is 0870.083.763. The VAT number is the same number with BE in front: BE 0870.083.763.
- Where is SUNHORSE based?
- The registered office is at Rue de la Sarthe 9, 4217 Héron.Company details
- What does SUNHORSE do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of SUNHORSE?
- SUNHORSE is a private limited company (BV).
- When was SUNHORSE founded?
- SUNHORSE was founded on 19-11-2004.
- Is SUNHORSE still active?
- Yes, SUNHORSE is an active enterprise in the KBO register.
- How many employees does SUNHORSE have?
- SUNHORSE had an average of 0.4 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- Which joint committee does SUNHORSE fall under?
- In its 2021 annual accounts, SUNHORSE states joint committee 144 (Agriculture).
- What is the turnover of SUNHORSE?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €13,890 and 31 comparable companies (NACE 43222). It probably lies between €130,000 and €270,000. It is a rough estimate.
- Is SUNHORSE profitable?
- In financial year 2025, SUNHORSE made a loss of €4,317.
- Where can I find the annual accounts of SUNHORSE?
- SUNHORSE filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SUNHORSE due?
- SUNHORSE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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