Hallundbaek Stables
ActiveHallundbaek Stables has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.72M and a net result of €52k. Equity is growing by ~220.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 79 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent▲ +60 vs 2024
The score combines four axes.
Axes · tick = 2024
Profitability2▼-98
Solvency81▲+14
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.4M at 30 days acceptable
Liquidity ample (current ratio 23.53 against 11.36 in 2024), but 62.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
7 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 →
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
37.9%
Return on assets
0.1%
Age of the figures
8 mo
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 8 filingsDeviation from the deadline
2025
20 d late
2024
61 d late
2023
85 d late
2022
85 d late
2021
61 d late
2020
90 d late
2019
121 d late
← 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
04-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€15.72M
2024 · €-4.24M
2023: €-2.95M
2024: €-4.24M
2023 → 2025
Total assets
€41.47M▲ 96.5%
2024 · €21.11M
2023: €25.82M
2024: €21.11M
2023 → 2025
Net result
€52k
2024 · €-1.28M
2023: €-578k
2024: €-1.28M
2023 → 2025
Working capital
€39.67M▲ 107%
2024 · €19.21M
2023: €17k
2024: €19.21M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-2.95M-€-4.24M▼ 43.4%€15.72M
Operating result€-460k-€-1.30M▼ 182%€96k
Net result€-578k-€-1.28M▼ 122%€52k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €96k after a loss of €1.30M in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41.47M
Fixed assets
€45k▲ 0.9%
Current assets
€41.43M▲ 96.7%
Equity and liabilities €41.47M
Equity
€15.72M
Debt
€25.76M
Debt finances 62.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€100k▲
2024 · €-1.29M
Cash flow
€57k▲
2024 · €-1.28M
Solvency
37.9%▲
2024 · -20.1%
Current ratio
23.53▲
2024 · 11.36
Quick ratio
11.48▲
2024 · 0.18
Debt / equity
1.64▲
2024 · -5.98
ROE
0.3%▼
2024 · 30.3%
ROA
0.1%▲
2024 · -6.1%
Interest coverage
14.15▲
2024 · -228.76
Debt
€25.76M▲
2024 · €25.34M
Debt ≤ 1 year
€1.76M▼
2024 · €1.85M
Debt > 1 year
€23.79M▲
2024 · €23.49M
Income taxes
€37k▲
2024 · €217
Staff costs
€93k▼
2024 · €101k
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
Balance sheet
Code2025
Total assets
20/58€41.47M
Fixed assets
21/28€45k
Tangible fixed assets
22/27€11k
Financial fixed assets
28€35k
Current assets
29/58€41.43M
Stocks & contracts in progress
3€21.21M
Amounts receivable within one year
40/41€15.19M
Cash & bank
54/58€5.03M
Total equity & liabilities
10/49€41.47M
Equity
10/15€15.72M
Contributions / capital
10/11€20.00M
Reserves
13€6k
Accumulated profits (losses)
14€-4.29M
Amounts payable
17/49€25.76M
Amounts payable after one year
17€23.79M
Amounts payable within one year
42/48€1.76M
Trade debts payable within one year
44€296k
Income statement
Code2025
Gross operating margin
9900€209k
Operating result
9901€96k
Financial income
75€434
Financial charges
65€7k
Result before taxes
9903€89k
Income taxes
67/77€37k
Net result for the period
9904€52k
Result to be appropriated
9905€52k
This is the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
07-01
State Gazette act
Statutes amendment
v3.2
2025
31-12
Financial
Back to profitnet €52k
Net result €52k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 23.53
Current ratio from 11.36 to 23.53; short-term debt falls from €1.85M to €1.76M.
31-12
Financial
Equity above €10MEq €15.72M
Equity rises from €-4.24M to €15.72M.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-1.28M
Net result drops to €-1.28M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 11current ratio 11.36
Current ratio from 1.00 to 11.36; short-term debt falls from €25.74M to €1.85M.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 85 days late
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 85 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
06-04
State Gazette act
Registered-office change
v3.2
10-03
State Gazette act
Director changes
v3.2
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 121 days late
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 117 days late
09-08
State Gazette act
Registered-office change
v3.2
2018
15-03
State Gazette act
Incorporation
oprichting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
5 of 5 acts read
Directors · office · real estate
Directors
1 director, no change since 2022
Marianne Kjaer Hallundbaek
CurrentDirector · since 10-03-2022
10-03-2022
Appointed as Director
Location & real-estate footprint
Registered office, Houthalen-Helchteren · 2 establishment units since 2018
Ground area
9.5 ha
Building footprint
9,802 m²
Volume, LiDAR
70,210 m³
2 parcels, Flanders · tallest building 15.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Hallundbaek Stables
since 20182.276.115.886
Aarschotsesteenweg 201, 2500 Lier
since 20192.315.429.095
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12019B0362/00A000 | Flanders | 8.9 ha | 1 · 8,976 m² | 15.5 m · 3 fl. |
| 72452E1161/00S008 | Flanders | 6,029 m² | 1 · 825 m² | 9.6 m · 2 fl. |
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.
Structure & network
Connections & network
3 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
ASHFORD FARM
BE 0832.872.682
Bocholt · Eq €14.31M
Darwin Equestrian
BE 1005.628.791
Engis · Eq €17.40M
B.S.I.
BE 0419.689.997
Aalter · Eq €12.52M
YACELO
BE 0427.811.669
Hoogstraten · Eq €12.48M
Guy Pariente Holding
BE 0472.709.308
Ukkel · Eq €20.74M
Of 1,942 companies in sector 01430 we hold annual accounts for 674. 73 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2018
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
46216Wholesale of agricultural produce and animal feed, general range
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 5 actsNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-08-2026. Scores and ratios are computed by Checked and are not a credit decision.