SVM Sporthorses
ActiveSVM Sporthorses has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €10k. Equity is shrinking by ~23.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 54% of 3108 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+86
Solvency62▲+16
Growth32=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.49 in 2024; short-term debt: 47.3% and cash: 23.9% of total assets), but 62.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
37.3%
Return on assets
14.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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
18 d late
2024
28 d late
2023
1 d early
2022
on the day
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 66.3%
2024 · €15k
2022: €33k
2023: €25k
2024: €15k
2022 → 2025
Total assets
€67k▼ 4.7%
2024 · €70k
2022: €47k
2023: €73k
2024: €70k
2022 → 2025
Net result
€10k
2024 · €-10k
2022: €29k
2023: €-9k
2024: €-10k
2022 → 2025
Working capital
€18k▲ 8.1%
2024 · €16k
2022: €32k
2023: €27k
2024: €16k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€33k-€25k▼ 26.4%€15k▼ 39.2%€25k▲ 66.3%
Operating result€38k-€-8k€-8k▼ 2.8%€11k
Net result€29k-€-9k€-10k▼ 9.2%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€17k▼ 15.3%
Current assets
€49k▼ 0.3%
Equity and liabilities €67k
Equity
€25k▲ 66.3%
Debt
€42k▼ 24.1%
The debt ratio falls from 78.6% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €-2k
Cash flow
€16k▲
2024 · €-3k
Solvency
37.3%▲
2024 · 21.4%
Current ratio
1.56▲
2024 · 1.49
Quick ratio
0.88▼
2024 · 1.04
Debt / equity
1.68▼
2024 · 3.68
ROE
39.9%▲
2024 · -64.6%
ROA
14.9%▲
2024 · -13.8%
Interest coverage
15.99▲
2024 · -1.33
Debt
€42k▼
2024 · €55k
Debt ≤ 1 year
€32k▼
2024 · €33k
Debt > 1 year
€10k▼
2024 · €16k
Income taxes
€373
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€70k€67k▼
Fixed assets21/28€21k€17k▼
Tangible fixed assets22/27€20k€17k▼
Plant, machinery and equipment23€235€3k▲
Furniture and vehicles24€20k€15k▼
Financial fixed assets28€250€250=
Current assets29/58€49k€49k▼
Stocks and contracts in progress3€15k€22k▲
Stocks30/36€15k€22k▲
Amounts receivable within one year40/41€26k€11k▼
Trade receivables40€26k€8k▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€8k€16k▲
Deferred charges and accrued income490/1€466€483▲
Equity and liabilities
Total equity and liabilities10/49€70k€67k▼
Equity10/15€15k€25k▲
Contributions10/11€4k€4k=
Reserves13€29k€29k=
Distributable reserves133€29k€29k=
Profit (loss) carried forward14€-18k€-9k▲
Amounts payable17/49€55k€42k▼
Amounts payable after more than one year17€16k€10k▼
Financial debts170/4€16k€10k▼
Amounts payable within one year42/48€33k€32k▼
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€27k€10k▼
Suppliers440/4€27k€10k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€780€1k▲
Taxes450/3€780€1k▲
Other amounts payable47/48-€13k
Accrued charges and deferred income492/3€6k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€505€640▲
Gross operating margin9900€-1k€18k▲
Operating profit (loss)9901€-8k€11k▲
Financial income75/76B€0€121▲
Recurring financial income75€0€121▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-10k€10k▲
Income taxes67/77-€373
Profit (loss) for the period9904€-10k€10k▲
Profit (loss) for the period to be appropriated9905€-10k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-9k▲
Profit (loss) brought forward from the previous period14P€-9k€-18k▼
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
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Westerlo · 1 establishment unit since 2021
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.
Langstraat 1202260 WesterloGround area
4,433 m²
Building footprint
354 m²
Volume, LiDAR
997 m³
2 parcels, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SVM Sporthorses
since 20212.320.666.897
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017B0212/00L002 | Flanders | 2,290 m² | 1 · 193 m² | 7.9 m · 2 fl. |
| 13039E0013/00G000 | Flanders | 2,143 m² | 1 · 161 m² | - |
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
De Waasdonck
BE 0842.208.042
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ELEVAGE DES SEPT VALLONS
BE 0439.142.754
Durbuy · Eq €25k
ALL BUSINESS CENTER
BE 0426.397.251
Pajottegem · Eq €25k
Stal Keulen-Hermans
BE 1013.638.716
Lanaken · Eq €25k
WIM VINCKX HORSES
BE 0676.863.228
Aalter · Eq €25k
Of 1,957 companies in sector 01430 we hold annual accounts for 743. 464 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2021
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
85510Sports and recreation education
93192Activities of independent sportspeople
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:samvanmenxel@hotmail.com