ACTIVE

Horas

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Financial year 2025 · Closed on 31/12/2025

Net result-242,8 k €+50,0 %over 1 year
Gross margin-38,9 k €+89,7 %over 1 year
Equity2 M €-10,6 %over 1 year
Workforce1,9 ETP-36,7 %over 1 year

Identity

Source · BCE/KBO

Horas is a Public limited company incorporated in 1964. Its registered office is in Ixelles. It employs on average 1,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0405.911.445
Incorporation
11/02/1964
Legal form
Public limited company
Registered office
Avenue Louise 486 box 15
1050 Ixelles · BruxellesSee on map
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Average workforce
1,9 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
Solid equityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin-38,9 k €-378,6 k €1,7 M €511,4 k €869,8 k €
EBITDA-259,5 k €-576,3 k €1,1 M €-289,5 k €103,3 k €
Operating result-221,7 k €-471,7 k €870,2 k €-336,4 k €58,2 k €
Net result-242,8 k €-486 k €778,6 k €-371,5 k €21 k €
Balance sheet
Equity2 M €2,3 M €2,8 M €2 M €2,4 M €
Total assets2,5 M €2,7 M €4,6 M €5 M €4,9 M €
Cash14,1 k €89,2 k €40,7 k €236 k €349,1 k €
Debts413 k €312,7 k €1,6 M €2,9 M €2,5 M €
Other
Workforce1,9 ETP3,0 ETP6,3 ETP8,1 ETP9,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 22 ended

Active mandates

CLAUDE BELLOMO CONSULTING

Managing director · until 13 juin 2026 · 0451.976.745

Represented by Claude BELLOMO

Active
Georgette CREPLET

Director

Active
HORINVEST et SERVICES

Director · 0456.952.647

Represented by Paul-Henri Holemans

Active

Ended mandates

CLAUDE BELLOMO CONSULTING

Managing director · since 31 mai 2024 · until 24 juin 2025 · 0451.976.745

Represented by Claude BELLOMO

Ended
Georgette CREPLET

Director · since 31 mai 2024 · until 31 mai 2030

Ended
PHH CONSULTING

Director · since 31 mai 2024 · until 31 mai 2030 · 0537.878.064

Represented by Paul-Henri Holemans

Ended
CLAUDE BELLOMO CONSULTING

Managing director · since 09 mai 2012 · until 09 mai 2018 · 0451.976.745

Represented by Claude BELLOMO

Ended

Other companies at this address

Avenue Louise 486 1050 Ixelles
CompanyCBE no.
A.C.P. AV LOUISE 486 1050 BRUXELLES● Active
0850.092.063
ALANDALE BELGIUM● Active
0723.517.456
ANTALIS● Active
0403.510.595
A. REAL ESTATE & MANAGEMENT",● Active
0769.822.385
ASTAS BELGIUM● Active
0666.599.539
Aviasales● Active
0400.088.475
AXAS CONSULTING● Active
0462.661.393
BALMO● Active
0676.628.151
BELGAFOND● Active
0475.658.306
BERLIST● Active
0458.601.944
Bert Verhoeven Advocaat● Active
0760.535.230
BEVEST● Active
0462.496.097
BONBEUR BVBA● Active
0817.962.002
BORN TO BUILD● Active
0875.435.193
BORN TO BUILD TEAM● Active
0809.862.205
B.R.A. Consulting● Active
0534.493.259
BRAMBLES EUROPE● Active
0446.161.990
CABINET PSYCHIATRIQUE BRUNO GRIBOMONT● Active
0476.389.566
C.G. DURAND● Bankrupt
0474.583.485
COMMISSION INTER-SYNDICALE DES DESHYDRATEURS EUROPEENS● Active
0472.221.041

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202629/07/202528/06/202408/08/202329/06/202230/06/2021
General meeting01/06/202624/06/202531/05/202427/07/202315/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202614/07/2026FrenchPDF
Abridged model31/12/202424/06/202529/07/2025FrenchPDF
Abridged model31/12/202331/05/202428/06/2024FrenchPDF
Abridged model31/12/202227/07/202308/08/2023FrenchPDF
Abridged model31/12/202115/06/202229/06/2022FrenchPDF
Abridged model31/12/202030/06/202130/06/2021FrenchPDF
Abridged model31/12/201930/06/202003/08/2020FrenchPDF
Abridged model31/12/201808/05/201921/05/2019FrenchPDF
Abridged model31/12/201709/05/201815/05/2018FrenchPDF
Abridged model31/12/201610/05/201730/05/2017FrenchPDF
Abridged model31/12/201511/05/201617/05/2016FrenchPDF
Abridged model31/12/201413/05/201527/05/2015FrenchPDF
Full model31/12/201314/05/201408/07/2014FrenchPDF
Full model31/12/201208/05/201310/06/2013FrenchPDF
Full model31/12/201109/05/201215/05/2012FrenchPDF
Full model31/12/201010/05/201131/05/2011FrenchPDF
Full model31/12/200912/05/201028/07/2010FrenchPDF
Full model31/12/200827/05/200915/07/2009FrenchPDF
Full model31/12/200714/05/200825/06/2008FrenchPDF
Full model31/12/200609/05/200712/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 22 ended

Active mandates

CLAUDE BELLOMO CONSULTING

Managing director · until 13 juin 2026 · 0451.976.745

Represented by Claude BELLOMO

Active
Georgette CREPLET

Director

Active
HORINVEST et SERVICES

Director · 0456.952.647

Represented by Paul-Henri Holemans

Active

Ended mandates

CLAUDE BELLOMO CONSULTING

Managing director · since 31 mai 2024 · until 24 juin 2025 · 0451.976.745

Represented by Claude BELLOMO

Ended
Georgette CREPLET

Director · since 31 mai 2024 · until 31 mai 2030

Ended
PHH CONSULTING

Director · since 31 mai 2024 · until 31 mai 2030 · 0537.878.064

Represented by Paul-Henri Holemans

Ended
CLAUDE BELLOMO CONSULTING

Managing director · since 09 mai 2012 · until 09 mai 2018 · 0451.976.745

Represented by Claude BELLOMO

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates08/08/2025
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/02/2015
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/06/2013
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/05/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Other04/05/2012
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates12/01/2012
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-242,8 k €↑
  2. 2024
    Annual accounts 2024-486 k €↓
  3. 2023
    Annual accounts 2023778,6 k €↑
  4. 2022
    Annual accounts 2022-371,5 k €↓
  5. 2021
    Annual accounts 202121 k €↑
  6. 2020
    Annual accounts 2020-91,7 k €↑
  7. 2019
    Annual accounts 2019-389,6 k €↓
  8. 2018
    Annual accounts 2018-202,3 k €↓
  9. 2017
    Annual accounts 2017-23,5 k €↓
  10. 2016
    Annual accounts 2016172,4 k €↑
  11. 2015
    Annual accounts 201551,1 k €↑
  12. 2014
    Annual accounts 2014-54,8 k €↑
  13. 2013
    Annual accounts 2013-325,3 k €↓
  14. 2012
    Annual accounts 2012-214,2 k €↓
  15. 2011
    Annual accounts 2011-188,1 k €↓
  16. 2010
    Annual accounts 2010-134,7 k €↓
  17. 2009
    Annual accounts 200972,4 k €↓
  18. 2008
    Annual accounts 2008533,3 k €
  19. 11/02/1964
    IncorporationPublic limited company