ACTIVE

HORSE OF BELGIUM

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Financial year 2024 · Closed on 31/12/2024

Net result272,8 k €-10,2 %over 1 year
Gross margin527 k €-1,3 %over 1 year
Equity1,3 M €+26,4 %over 1 year
Workforce2,8 ETP+21,7 %over 1 year

Identity

Source · BCE/KBO

HORSE OF BELGIUM is a Private limited company incorporated in 1989. Its registered office is in Leuze-en-Hainaut. It employs on average 2,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0438.773.758
Incorporation
01/11/1989
Legal form
Private limited company
Registered office
Rue du Maréchal(PX) 23B
7904 Leuze-en-Hainaut · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2024
Average workforce
2,8 ETP
Joint committees (5)
  • 144
  • 1440
  • 144002
  • 1442
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 18 financial years

20242023202220212019
Income statement
Gross margin527 k €534 k €176,3 k €362,9 k €146,9 k €
EBITDA443,1 k €460,3 k €124,2 k €324 k €109,5 k €
Operating result395,7 k €420,6 k €83,3 k €291,7 k €52,3 k €
Net result272,8 k €303,8 k €56,4 k €206,4 k €29,7 k €
Balance sheet
Equity1,3 M €1 M €728,5 k €672,1 k €445,9 k €
Total assets2 M €1,5 M €1,2 M €1,3 M €1,1 M €
Cash785,9 k €615,6 k €367,5 k €501,7 k €323 k €
Debts670 k €500,3 k €430,7 k €626,6 k €621,6 k €
Other
Workforce2,8 ETP2,3 ETP––1,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

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

Board of directors

Source · NBB, accounts to 31/12/2024

1 active · 6 ended

Active mandates

Nicolas Boudrenghien

Director · since 15 mai 2010

Active

Ended mandates

Nicolas Boudrenghien

Manager · since 15 mai 2010

Ended
Christelle Barbieux

Director · since 08 novembre 1989 · until 31 mai 2023

Ended
Christelle Barbieux

Director · since 08 novembre 1989

Ended
Christelle Barbieux

Manager · since 08 novembre 1989

Ended

Full financial information

Source · NBB
202420232022202120202019
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/08/202530/09/202410/10/202313/10/202209/07/202130/11/2020
General meeting27/08/202511/09/202425/09/202316/09/202230/06/202108/09/2020
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202427/08/202529/08/2025FrenchPDF
Abridged model31/12/202311/09/202430/09/2024FrenchPDF
Micro model31/12/202225/09/202310/10/2023FrenchPDF
Micro model31/12/202116/09/202213/10/2022FrenchPDF
Micro model31/12/202030/06/202109/07/2021FrenchPDF
Abridged model31/12/201908/09/202030/11/2020FrenchPDF
Abridged model31/12/201821/08/201930/08/2019FrenchPDF
Abridged model31/12/201720/09/201828/09/2018FrenchPDF
Micro model31/12/201601/09/201729/09/2017FrenchPDF
Abridged model31/12/201501/08/201631/08/2016FrenchPDF
Abridged model31/12/201431/08/201531/08/2015FrenchPDF
Abridged model31/12/201330/09/201410/10/2014FrenchPDF
Abridged model31/12/201230/08/201330/08/2013FrenchPDF
Abridged model31/12/201131/07/201228/08/2012FrenchPDF
Abridged model31/12/201011/08/201129/08/2011FrenchPDF
Abridged model31/12/200916/08/201024/08/2010FrenchPDF
Abridged model31/12/200825/06/200901/07/2009FrenchPDF
Abridged model31/12/200723/06/200807/07/2008FrenchPDF
Abridged model31/12/200624/06/200709/07/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2024

1 active · 6 ended

Active mandates

Nicolas Boudrenghien

Director · since 15 mai 2010

Active

Ended mandates

Nicolas Boudrenghien

Manager · since 15 mai 2010

Ended
Christelle Barbieux

Director · since 08 novembre 1989 · until 31 mai 2023

Ended
Christelle Barbieux

Director · since 08 novembre 1989

Ended
Christelle Barbieux

Manager · since 08 novembre 1989

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other02/09/2025
    DIVERS
    PDF
  • Mandates15/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates19/06/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/10/2016
    SIEGE SOCIAL - OBJET
    PDF
  • Mandates17/06/2010
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares14/01/2005
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024272,8 k €↓
  2. 2023
    Annual accounts 2023303,8 k €↑
  3. 2022
    Annual accounts 202256,4 k €↓
  4. 2021
    Annual accounts 2021206,4 k €↑
  5. 2019
    Annual accounts 201929,7 k €↓
  6. 2018
    Annual accounts 201845,9 k €↑
  7. 2017
    Annual accounts 201728,2 k €↑
  8. 2016
    Annual accounts 201617,1 k €↑
  9. 2015
    Annual accounts 201515,8 k €↓
  10. 2014
    Annual accounts 201437,9 k €↑
  11. 2013
    Annual accounts 201327,6 k €↑
  12. 2012
    Annual accounts 201218,9 k €↓
  13. 2011
    Annual accounts 201130,9 k €↑
  14. 2010
    Annual accounts 201027,4 k €↑
  15. 2009
    Annual accounts 200916,1 k €↓
  16. 2008
    Annual accounts 200824,2 k €↑
  17. 2007
    Annual accounts 200711,3 k €↓
  18. 2006
    Annual accounts 200617 k €
  19. 01/11/1989
    IncorporationPrivate limited company