The Horses
ActiveSummary
The Horses has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,553 and a net result of €12,950. Equity has been growing by about 54% per year since 2018. Its solvency ranks better than 47% of 2,874 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 11-09-1991 Normal situation
- Activity
- Operation of sports facilities NACE 93110
- Establishment unit
- 2.054.433.175 8551 Zwevegem, since 04-10-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 28-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €47,538
- ▲ 20.2%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €12,950
- ▲ 50×
- Equity
- €27,553
- ▲ 88.7%
- Total assets
- €115,003
- ▲ 15.9%
- Staff
- ≈ 0.6 FTE
- estimated
- 2025 accounts filed 25 days after the deadline
Score breakdownlowers riskFounded in 1991Size: total assets €115,003Liquidity: current ratio 0.87, cash €24,512Figures for financial year 2025 (filed on 27-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro). It does better than 46% of them on solvency, 30% on liquidity, 73% on profitability and 90% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
Recent changes
- · Gazette deed Change of role: Cattebeke Frederik, from manager to director
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as The Horses: operation of sports facilities (NACE 93110). They are comparable in size and age: total assets between €96,900 and €172,000, founded between 1989 and 1998.
| Company | Total assets | Gross margin |
|---|---|---|
| The Horses Zwevegem | €115,003 | €47,538 |
| GAVERRANCH Harelbeke | €172,180 | €71,359 |
| Body Styling Hasselt | €140,162 | €62,738 |
| LES OLIVETTES La Roche-en-Ardenne | €132,043 | €49,517 |
| DE GROOTE TOM Hasselt | €125,514 | €35,050 |
| ESPACE GRIMPE Charleroi | €166,620 | €42,416 |
| CENTRE EQUESTRE DE FILOT Hamoir | €96,875 | €67,427 |
Key facts about The Horses
- What is the company number of The Horses?
- The company number of The Horses is 0445.059.259. The VAT number is the same number with BE in front: BE 0445.059.259.
- Where is The Horses based?
- The registered office is at Gauwelstraat(H) 48B, 8551 Zwevegem.Company details
- What does The Horses do?
- According to the KBO register, the main activity is operation of sports facilities (NACE 93110).
- What is the legal form of The Horses?
- The legal form of The Horses is Private limited company (BV).
- When was The Horses founded?
- The Horses was founded on 11-09-1991.
- Is The Horses still active?
- Yes, The Horses is an active enterprise in the KBO register.
- What is the turnover of The Horses?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €47,538 and 2,953 comparable companies of the same size. It probably lies between €110,000 and €340,000. It is a rough estimate.Financials
- Is The Horses profitable?
- In financial year 2025, The Horses made a profit of €12,950.
- Where can I find the annual accounts of The Horses?
- The Horses filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of The Horses due?
- The Horses must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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