ACTIVE

HORIZON

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Financial year 2025 · closed on 31/12/2025

Net result

176,7 k €

+106.1% YoY

Gross margin

1,3 M €

-17.4% YoY

Equity

2,3 M €

+7.5% YoY

Workforce

11,4 ETP

-6.6% YoY

What does HORIZON do?

HORIZON is a Non-profit organization incorporated in 1986. Its main activity is: Holiday and other short-stay accommodation. Its registered office is in Bredene. It employs on average 11,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.008.801

Incorporation

07/02/1986

Legal form

Non-profit organization

Registered office

Kapelstraat 88
8450 Bredene · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

11,4 ETP

Activities (NACE)

55201Holiday and other short-stay accommodation· main 55201Holiday and other short-stay accommodation

Joint committees (2)

302
3020

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 18 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,3 M €	-17.4%	1,5 M €	-0.3%	1,5 M €	+111%	733 k €	+10.2%	665,4 k €	-37.4%	1,1 M €	+51.7%	700,6 k €	-1.6%	712,2 k €	-15.7%	845 k €	-9.5%	933,6 k €	+32.5%	704,6 k €	-31.7%	1 M €	+10.1%	937,2 k €	+6.4%	880,8 k €	+23.3%	714,6 k €	+24.5%	573,8 k €	+29.6%	442,8 k €	+80.6%	245,1 k €
EBITDA	479,1 k €	-36.2%	751,1 k €	-19.1%	928,4 k €	+118%	425,8 k €	+26.1%	337,6 k €	-14.9%	396,7 k €	+237%	117,7 k €	-46.6%	220,5 k €	-6.2%	235,1 k €	-47.8%	449,9 k €	+64.1%	274,2 k €	-41.5%	468,7 k €	+7.1%	437,5 k €	-13.0%	502,8 k €	+11.4%	451,2 k €	+88.5%	239,3 k €	+23.8%	193,3 k €	+649%	25,8 k €
Operating result	180,8 k €	-62.9%	487,8 k €	-13.7%	565,4 k €	+2024%	26,6 k €	+130%	-88,6 k €	-195%	-30 k €	+86.4%	-221,1 k €	-216%	-70 k €	-28.9%	-54,3 k €	-132%	171,1 k €	+3484%	-5,1 k €	-103%	195,5 k €	+3.0%	189,8 k €	-39.9%	315,6 k €	+10.4%	286 k €	+267%	77,9 k €	+72.9%	45 k €	+344%	-18,5 k €
Net result	176,7 k €	+106%	85,7 k €	-83.6%	524 k €	+1439%	34 k €	+136%	-94,4 k €	+39.7%	-156,5 k €	+26.2%	-211,9 k €	-662%	-27,8 k €	-31.1%	-21,2 k €	+30.3%	-30,5 k €	-280%	17 k €	-93.4%	256,2 k €	+45.9%	175,6 k €	-51.1%	359 k €	+8.5%	330,9 k €	+104%	162,5 k €	+73.1%	93,9 k €	+789%	10,6 k €
Balance sheet
Equity	2,3 M €	+7.5%	2,1 M €	+12.7%	1,9 M €	+27.6%	1,5 M €	-2.8%	1,5 M €	-12.3%	1,7 M €	-3.0%	1,8 M €	-14.8%	2,1 M €	-4.6%	2,2 M €	-5.6%	2,4 M €	-3.1%	2,4 M €	-3.1%	2,5 M €	+17.8%	2,1 M €	+25.6%	1,7 M €	+33.8%	1,3 M €	+41.0%	896,9 k €	+71.8%	522,1 k €	-3.6%	541,7 k €
Total assets	6,2 M €	+21.1%	5,2 M €	+22.0%	4,2 M €	+6.5%	4 M €	-1.7%	4 M €	-4.7%	4,2 M €	+46.1%	2,9 M €	+8.9%	2,7 M €	-13.4%	3,1 M €	-13.2%	3,5 M €	+3.5%	3,4 M €	-9.1%	3,8 M €	+6.5%	3,5 M €	+28.9%	2,7 M €	+21.3%	2,3 M €	+10.1%	2,1 M €	+33.9%	1,5 M €	-4.6%	1,6 M €
Cash	20,2 k €	-71.8%	71,6 k €	-47.5%	136,3 k €	-23.1%	177,3 k €	-32.8%	263,7 k €	+4.0%	253,7 k €	+233%	76,2 k €	-25.3%	102 k €	+34.1%	76,1 k €	+168%	28,4 k €	-80.1%	142,7 k €	+498%	23,9 k €	-77.6%	106,4 k €	+204%	35 k €	+2746%	1,2 k €	-96.2%	32,2 k €	+471%	5,6 k €	-94.2%	96,6 k €
Debts	2,9 M €	+33.5%	2,2 M €	+20.5%	1,8 M €	+7.0%	1,7 M €	-9.3%	1,9 M €	-5.6%	2 M €	+161%	751,3 k €	+107%	362,5 k €	-34.6%	553,9 k €	-38.3%	897,9 k €	+7.2%	837,4 k €	-10.8%	938,5 k €	-0.8%	945,9 k €	+48.9%	635,1 k €	+7.6%	590,3 k €	-25.9%	796,6 k €	+11.7%	713,1 k €	-10.4%	795,9 k €
Other
Workforce	11,4 ETP	-6.6%	12,2 ETP	+20.8%	10,1 ETP	+11.0%	9,1 ETP	-3.2%	9,4 ETP	-16.1%	11,2 ETP	0.0%	11,2 ETP	+8.7%	10,3 ETP	0.0%	10,3 ETP	-3.7%	10,7 ETP	-17.7%	13,0 ETP	-6.5%	13,9 ETP	-4.1%	14,5 ETP	+18.9%	12,2 ETP	+32.6%	9,2 ETP	+9.5%	8,4 ETP	-12.5%	9,6 ETP	+14.3%	8,4 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 · 2 active · 21 ended

Active mandates

Petra Wynant

2625 · since 01 juillet 2011

Active

Tom Louis Buyse

2624 · since 01 juillet 2011

Active

Ended mandates

JJPT

Director · since 21 février 2024 · 1002.420.368

Represented by Tom Buysse

Ended

Jamaica Buyse

Director · since 23 juillet 2018

Ended

Joica Buyse

Director · since 23 juillet 2018

Ended

Petra Wynant

Director · since 01 juillet 2011

Ended

At this address

Other companies at this address

Company	CBE no.
HORIZONTAAL● Active	0432.009.096

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
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	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/09/2026	18/11/2025	22/11/2023	15/12/2022	09/12/2021	30/11/2020
General meeting	30/06/2026	30/06/2025	30/06/2023	02/05/2022	03/05/2021	02/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	15/09/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	18/11/2025	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	22/11/2023	Dutch	PDF
Abridged model	31/12/2021	02/05/2022	15/12/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	09/12/2021	Dutch	PDF
Abridged model	31/12/2019	02/05/2020	30/11/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	28/10/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	25/07/2016	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	10/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	19/08/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/01/2007	28/01/2008	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 · 2 active · 21 ended

Active mandates

Petra Wynant

2625 · since 01 juillet 2011

Active

Tom Louis Buyse

2624 · since 01 juillet 2011

Active

Ended mandates

JJPT

Director · since 21 février 2024 · 1002.420.368

Represented by Tom Buysse

Ended

Jamaica Buyse

Director · since 23 juillet 2018

Ended

Joica Buyse

Director · since 23 juillet 2018

Ended

Petra Wynant

Director · since 01 juillet 2011

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other05/06/2024
DIVERSEN
PDF
Mandates08/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2007
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025176,7 k €↑
2024
Annual accounts 202485,7 k €↓
2022
Annual accounts 2022524 k €↑
2021
Annual accounts 202134 k €↑
2020
Annual accounts 2020-94,4 k €↑
2019
Annual accounts 2019-156,5 k €↑
2018
Annual accounts 2018-211,9 k €↓
2017
Annual accounts 2017-27,8 k €↓
2016
Annual accounts 2016-21,2 k €↑
2015
Annual accounts 2015-30,5 k €↓
2014
Annual accounts 201417 k €↓
2013
Annual accounts 2013256,2 k €↑
2012
Annual accounts 2012175,6 k €↓
2011
Annual accounts 2011359 k €↑
2010
Annual accounts 2010330,9 k €↑
2009
Annual accounts 2009162,5 k €↑
2008
Annual accounts 200893,9 k €↑
2007
Annual accounts 200710,6 k €
07/02/1986
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 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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