ACTIVE

Horizon

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Financial year 2025 · closed on 31/12/2025

Net result

246,3 k €

-38.0% YoY

Revenue

3 M €

-4.2% YoY

Equity

2,5 M €

+10.7% YoY

Workforce

35,0 ETP

+10.8% YoY

What does Horizon do?

Horizon is a Non-profit organization incorporated in 1978. Its main activity is: Other human health activities. Its registered office is in Geraardsbergen. It employs on average 35,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0418.529.759

Incorporation

10/08/1978

Legal form

Non-profit organization

Registered office

Oudenaardsestraat 215
9500 Geraardsbergen · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

35,0 ETP

Activities (NACE)

86905Other human health activities· main 86959Other human health activities

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	3 M €	-4.2%	3,1 M €	+14.6%	2,7 M €	+2.2%	2,7 M €	+12.0%	2,4 M €	-2.0%	2,4 M €	+0.4%	2,4 M €		–		–		–		–		–		–		–		–		–		–
EBITDA	224,4 k €	-40.5%	377,4 k €	+157%	146,7 k €	-49.1%	288 k €	+7.8%	267,1 k €	+383%	-94,3 k €	+14.8%	-110,7 k €	+68.2%	-347,7 k €	-117%	-160,1 k €	-330%	69,6 k €	+50.5%	46,2 k €	+20.5%	38,4 k €	-62.7%	102,9 k €	+179%	36,9 k €	-79.0%	176,4 k €	+52.5%	115,7 k €	+158%	44,9 k €
Operating result	143,7 k €	-55.7%	324,3 k €	+238%	95,9 k €	-58.4%	230,5 k €	+12.9%	204,1 k €	+215%	-177,9 k €	+11.2%	-200,4 k €	+54.1%	-436,2 k €	-84.6%	-236,3 k €	-1350%	-16,3 k €	-39.3%	-11,7 k €	+66.3%	-34,7 k €	-188%	39,3 k €	+320%	-17,9 k €	-114%	128,7 k €	+81.2%	71 k €	+901%	-8,9 k €
Net result	246,3 k €	-38.0%	397,1 k €	+169%	147,9 k €	+44.8%	102,1 k €	-48.5%	198,3 k €	+299%	-99,6 k €	+21.3%	-126,5 k €	+66.9%	-382 k €	-110%	-181,7 k €	-2989%	6,3 k €	-48.3%	12,2 k €	+179%	-15,3 k €		–		–		–		-24,1 k €		–
Balance sheet
Equity	2,5 M €	+10.7%	2,3 M €	+20.9%	1,9 M €	+8.4%	1,8 M €	+6.2%	1,6 M €	+23.7%	1,3 M €	-7.0%	1,4 M €	-20.1%	1,8 M €	-17.6%	2,2 M €	-7.7%	2,4 M €	+0.3%	2,3 M €	+0.5%	2,3 M €	-0.7%	2,4 M €	+2.2%	2,3 M €	+2.3%	2,3 M €	+7.1%	2,1 M €	-1.1%	2,1 M €
Total assets	3 M €	+7.8%	2,7 M €	-2.8%	2,8 M €	+17.9%	2,4 M €	+11.3%	2,1 M €	+40.2%	1,5 M €	-7.4%	1,7 M €	-21.9%	2,1 M €	-14.2%	2,5 M €	-6.7%	2,6 M €	+2.7%	2,6 M €	-0.4%	2,6 M €	-1.4%	2,6 M €	+3.5%	2,5 M €	+2.0%	2,5 M €	+7.0%	2,3 M €	-0.9%	2,3 M €
Cash	958,8 k €	-26.6%	1,3 M €	-4.7%	1,4 M €	+94.6%	704,1 k €	-6.4%	752 k €	+40.9%	533,9 k €	-7.5%	577 k €	-2.2%	590 k €	-43.3%	1 M €	+38.7%	750,5 k €	+8.5%	691,4 k €	-8.9%	759,3 k €	+13.7%	668 k €	-7.6%	723,3 k €	+6.2%	680,8 k €	+188%	236,3 k €	-16.4%	282,6 k €
Debts	384,9 k €	-13.2%	443,4 k €	+22.2%	362,8 k €	+3.8%	349,5 k €	+77.0%	197,4 k €	-0.4%	198,1 k €	-10.6%	221,5 k €	-31.8%	324,6 k €	+11.2%	292 k €	+2.8%	284,1 k €	+27.5%	222,9 k €	-9.2%	245,4 k €	-7.8%	266,1 k €	+15.5%	230,4 k €	-0.8%	232,1 k €	+5.5%	220,1 k €	+1.7%	216,4 k €
Other
Workforce	35,0 ETP	+10.8%	31,6 ETP		–		33,8 ETP	+9.0%	31,0 ETP	+5.4%	29,4 ETP	-3.9%	30,6 ETP	+3.7%	29,5 ETP	+2.1%	28,9 ETP	+3.2%	28,0 ETP	+300%	7,0 ETP	-76.3%	29,5 ETP	-2.3%	30,2 ETP	+6.0%	28,5 ETP	-2.7%	29,3 ETP	+6.5%	27,5 ETP	+4.2%	26,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 39 ended

Active mandates

ANDRE RAMAUT

Mandate

Active

Christine Noté

Mandate

Active

ERWIN FRANCEUS

Mandate

Active

KELLY FRANCEUS

Mandate

Active

Marc Van Landuyt

Mandate

Active

Ended mandates

ANDRE RAMAUT

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

CHRISTINE NOTE

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

DANIELLE COESSENS

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

DANY MERCKAERT

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

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	08/07/2026	17/07/2025	03/07/2024	21/06/2023	22/06/2022	05/07/2021
General meeting	17/06/2026	18/06/2025	12/06/2024	14/06/2023	16/06/2022	17/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/06/2026	08/07/2026	Dutch	PDF
Abridged model	31/12/2024	18/06/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	12/06/2024	03/07/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	11/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	10/07/2019	Dutch	PDF
Abridged model	31/12/2016	22/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	17/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 39 ended

Active mandates

ANDRE RAMAUT

Mandate

Active

Christine Noté

Mandate

Active

ERWIN FRANCEUS

Mandate

Active

KELLY FRANCEUS

Mandate

Active

Marc Van Landuyt

Mandate

Active

Ended mandates

ANDRE RAMAUT

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

CHRISTINE NOTE

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

DANIELLE COESSENS

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

DANY MERCKAERT

Director · since 01 janvier 2014 · until 31 décembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/01/2025
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates11/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other24/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other21/01/2015
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2011
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025246,3 k €↓
2024
Annual accounts 2024397,1 k €↑
2023
Annual accounts 2023147,9 k €↑
2022
Annual accounts 2022102,1 k €↓
2021
Annual accounts 2021198,3 k €↑
2019
Annual accounts 2019-99,6 k €↑
2018
Annual accounts 2018-126,5 k €↑
2016
Annual accounts 2016-382 k €↓
2015
Annual accounts 2015-181,7 k €↓
2014
Annual accounts 20146,3 k €↓
2013
Annual accounts 201312,2 k €↑
2012
Annual accounts 2012-15,3 k €↑
2011
Annual accounts 2011
2010
Annual accounts 2010
2009
Annual accounts 2009
2008
Annual accounts 2008-24,1 k €
2007
Annual accounts 2007
10/08/1978
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Horizon

Overview

What does Horizon do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline