Horas
0405.911.445 · rovalta.com · 24/09/2026
ACTIVE
Horas
Financial year 2025 · closed on 31/12/2025
Net result
-242,8 k €
+50.0% YoY
Gross margin
-38,9 k €
+89.7% YoY
Equity
2 M €
-10.6% YoY
Workforce
1,9 ETP
-36.7% YoY
Overview
What does Horas do?
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
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
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | -38,9 k € | +89.7% | -378,6 k € | -122% | 1,7 M € | +232% | 511,4 k € | -41.2% | 869,8 k € | +27.5% | 682,1 k € | +15.5% | 590,3 k € | -27.2% | 810,8 k € | -29.1% | 1,1 M € | -14.8% | 1,3 M € | -6.9% | 1,4 M € | +0.1% | 1,4 M € | – | – | – | – | – | – | ||||||
| EBITDA | -259,5 k € | +55.0% | -576,3 k € | -153% | 1,1 M € | +478% | -289,5 k € | -380% | 103,3 k € | +625% | -19,7 k € | +94.4% | -351,4 k € | -77.5% | -197,9 k € | -397% | -39,8 k € | -122% | 184,5 k € | -13.1% | 212,2 k € | +0.5% | 211,1 k € | +105% | 102,8 k € | -37.8% | 165,2 k € | -45.4% | 302,6 k € | -10.6% | 338,6 k € | -0.1% | 338,8 k € | -58.5% | 817,1 k € |
| Operating result | -221,7 k € | +53.0% | -471,7 k € | -154% | 870,2 k € | +359% | -336,4 k € | -678% | 58,2 k € | +199% | -58,8 k € | +84.8% | -388 k € | -77.1% | -219,2 k € | -192% | -75,1 k € | -160% | 125,6 k € | +11.1% | 113 k € | +157% | 43,9 k € | +151% | -86,3 k € | -12625% | 689 € | -99.1% | 79,4 k € | -20.3% | 99,5 k € | +41.6% | 70,3 k € | -88.2% | 594,8 k € |
| Net result | -242,8 k € | +50.0% | -486 k € | -162% | 778,6 k € | +310% | -371,5 k € | -1872% | 21 k € | +123% | -91,7 k € | +76.5% | -389,6 k € | -92.6% | -202,3 k € | -762% | -23,5 k € | -114% | 172,4 k € | +237% | 51,1 k € | +193% | -54,8 k € | +83.2% | -325,3 k € | -51.9% | -214,2 k € | -13.9% | -188,1 k € | -39.6% | -134,7 k € | -286% | 72,4 k € | -86.4% | 533,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 2 M € | -10.6% | 2,3 M € | -17.5% | 2,8 M € | +39.1% | 2 M € | -15.7% | 2,4 M € | +0.9% | 2,3 M € | -3.8% | 2,4 M € | -13.8% | 2,8 M € | -6.7% | 3 M € | -0.8% | 3 M € | +0.0% | 3 M € | +0.1% | 3 M € | -1.8% | 3,1 M € | -9.5% | 3,4 M € | -5.9% | 3,6 M € | -4.9% | 3,8 M € | -3.4% | 4 M € | +1.9% | 3,9 M € |
| Total assets | 2,5 M € | -7.0% | 2,7 M € | -40.7% | 4,6 M € | -8.1% | 5 M € | +0.9% | 4,9 M € | +1.1% | 4,9 M € | -11.8% | 5,5 M € | +3.1% | 5,4 M € | -7.5% | 5,8 M € | +5.3% | 5,5 M € | +2.1% | 5,4 M € | -12.8% | 6,2 M € | -0.0% | 6,2 M € | -7.8% | 6,7 M € | -8.8% | 7,3 M € | -4.7% | 7,7 M € | -8.4% | 8,4 M € | +1.8% | 8,3 M € |
| Cash | 14,1 k € | -84.2% | 89,2 k € | +119% | 40,7 k € | -82.8% | 236 k € | -32.4% | 349,1 k € | -3.8% | 362,8 k € | +41.9% | 255,6 k € | +129% | 111,6 k € | -46.1% | 207 k € | -3.0% | 213,5 k € | +17.7% | 181,5 k € | +35.4% | 134 k € | +135% | 57,1 k € | -11.8% | 64,8 k € | -26.4% | 88 k € | -18.2% | 107,6 k € | -26.5% | 146,6 k € | -34.3% | 223,2 k € |
| Debts | 413 k € | +32.1% | 312,7 k € | -80.0% | 1,6 M € | -46.3% | 2,9 M € | +16.7% | 2,5 M € | -0.7% | 2,5 M € | -16.7% | 3 M € | +19.9% | 2,5 M € | -8.2% | 2,7 M € | +12.7% | 2,4 M € | +5.2% | 2,3 M € | -25.1% | 3,1 M € | +2.3% | 3 M € | -6.5% | 3,2 M € | -11.6% | 3,7 M € | -0.4% | 3,7 M € | +23.9% | 3 M € | +0.5% | 2,9 M € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 1,9 ETP | -36.7% | 3,0 ETP | -52.4% | 6,3 ETP | -22.2% | 8,1 ETP | -12.9% | 9,3 ETP | -4.1% | 9,7 ETP | -10.2% | 10,8 ETP | -6.1% | 11,5 ETP | -8.7% | 12,6 ETP | -5.3% | 13,3 ETP | -5.7% | 14,1 ETP | +5.2% | 13,4 ETP | -0.7% | 13,5 ETP | -6.3% | 14,4 ETP | +4.3% | 13,8 ETP | -18.8% | 17,0 ETP | -6.1% | 18,1 ETP | -3.7% | 18,8 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 22 ended
Active mandates
Ended mandates
Georgette CREPLET
EndedEnded
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 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 |
| 0476.389.566 | |
C.G. DURAND● Bankrupt | 0474.583.485 |
| 0472.221.041 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 14/07/2026 | 29/07/2025 | 28/06/2024 | 08/08/2023 | 29/06/2022 | 30/06/2021 |
| General meeting | 01/06/2026 | 24/06/2025 | 31/05/2024 | 27/07/2023 | 15/06/2022 | 30/06/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 01/06/2026 | 14/07/2026 | French | |
| Abridged model | 31/12/2024 | 24/06/2025 | 29/07/2025 | French | |
| Abridged model | 31/12/2023 | 31/05/2024 | 28/06/2024 | French | |
| Abridged model | 31/12/2022 | 27/07/2023 | 08/08/2023 | French | |
| Abridged model | 31/12/2021 | 15/06/2022 | 29/06/2022 | French | |
| Abridged model | 31/12/2020 | 30/06/2021 | 30/06/2021 | French | |
| Abridged model | 31/12/2019 | 30/06/2020 | 03/08/2020 | French | |
| Abridged model | 31/12/2018 | 08/05/2019 | 21/05/2019 | French | |
| Abridged model | 31/12/2017 | 09/05/2018 | 15/05/2018 | French | |
| Abridged model | 31/12/2016 | 10/05/2017 | 30/05/2017 | French | |
| Abridged model | 31/12/2015 | 11/05/2016 | 17/05/2016 | French | |
| Abridged model | 31/12/2014 | 13/05/2015 | 27/05/2015 | French | |
| Full model | 31/12/2013 | 14/05/2014 | 08/07/2014 | French | |
| Full model | 31/12/2012 | 08/05/2013 | 10/06/2013 | French | |
| Full model | 31/12/2011 | 09/05/2012 | 15/05/2012 | French | |
| Full model | 31/12/2010 | 10/05/2011 | 31/05/2011 | French | |
| Full model | 31/12/2009 | 12/05/2010 | 28/07/2010 | French | |
| Full model | 31/12/2008 | 27/05/2009 | 15/07/2009 | French | |
| Full model | 31/12/2007 | 14/05/2008 | 25/06/2008 | French | |
| Full model | 31/12/2006 | 09/05/2007 | 12/07/2007 | French |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 22 ended
Active mandates
Ended mandates
Georgette CREPLET
EndedEnded
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates08/08/2025SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates11/09/2024DEMISSIONS, NOMINATIONS
- Mandates29/05/2018DEMISSIONS, NOMINATIONS
- Mandates26/02/2015DEMISSIONS, NOMINATIONS
- Mandates26/06/2013DEMISSIONS, NOMINATIONS
- Mandates31/05/2012DEMISSIONS, NOMINATIONS
- Other04/05/2012STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates12/01/2012DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-242,8 k €↑
- 2024Annual accounts 2024-486 k €↓
- 2023Annual accounts 2023778,6 k €↑
- 2022Annual accounts 2022-371,5 k €↓
- 2021Annual accounts 202121 k €↑
- 2020Annual accounts 2020-91,7 k €↑
- 2019Annual accounts 2019-389,6 k €↓
- 2018Annual accounts 2018-202,3 k €↓
- 2017Annual accounts 2017-23,5 k €↓
- 2016Annual accounts 2016172,4 k €↑
- 2015Annual accounts 201551,1 k €↑
- 2014Annual accounts 2014-54,8 k €↑
- 2013Annual accounts 2013-325,3 k €↓
- 2012Annual accounts 2012-214,2 k €↓
- 2011Annual accounts 2011-188,1 k €↓
- 2010Annual accounts 2010-134,7 k €↓
- 2009Annual accounts 200972,4 k €↓
- 2008Annual accounts 2008533,3 k €
- 11/02/1964IncorporationPublic limited company