ACTIVE

HORMA

Financial year 2025 · closed on 31/12/2025
Net result
-48,4 k €
-38.3% YoY
Gross margin
2,3 k €
+165.2% YoY
Equity
-339,6 k €
-16.6% YoY

What does HORMA do?

HORMA is a Public limited company incorporated in 1991. Its main activity is: Real estate agencies. Its registered office is in Bredene.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0443.477.565
Incorporation
01/03/1991
Legal form
Public limited company
Registered office
Kapelstraat 37 box .02/02
8450 Bredene · FlandreSee on map
Contributed capital
146 257,18 €
Latest accounts
31/12/2025
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin2,3 k €-3,5 k €-21,0 k €335,9 k €19,9 k €27,9 k €47,3 k €308,3 k €-46,9 k €-15,7 k €19,6 k €203,4 k €94,2 k €72,0 k €125,5 k €109,2 k €200,6 k €197,4 k €-117,2 k €81,2 k €
EBITDA-1,6 k €-11,1 k €-30,7 k €326,3 k €3,0 k €20,7 k €43,1 k €278,7 k €-51,3 k €-20,2 k €15,7 k €175,1 k €61,4 k €47,6 k €94,1 k €88,5 k €172,6 k €158,4 k €-140,4 k €72,9 k €
Operating result-22,1 k €-33,9 k €-54,4 k €304,3 k €-14,7 k €-668,7 €22,7 k €253,4 k €-70,0 k €-45,2 k €-12,1 k €144,4 k €34,8 k €6,8 k €46,7 k €37,4 k €110,9 k €95,8 k €-191,0 k €38,2 k €
Net result-48,4 k €-35,0 k €-214,9 k €207,6 k €-14,9 k €302,5 €2,0 k €80,9 k €-83,6 k €-13,8 k €-31,2 k €3,1 k €3,5 k €3,2 k €3,3 k €6,7 k €-97,8 k €32,8 k €293,5 k €18,3 k €
Balance sheet
Equity-339,6 k €-291,2 k €-256,2 k €-41,3 k €4,8 k €19,7 k €19,4 k €17,4 k €-63,5 k €92,0 k €105,8 k €137,1 k €134,0 k €130,4 k €127,2 k €123,9 k €117,2 k €215,0 k €182,2 k €63,7 k €
Total assets280,6 k €297,9 k €317,3 k €344,8 k €380,5 k €388,5 k €404,1 k €376,0 k €352,8 k €430,1 k €561,1 k €912,1 k €1,1 M €872,3 k €1,0 M €1,1 M €1,0 M €1,1 M €854,5 k €453,0 k €
Cash327,3 €664,4 €11,6 €1,9 k €328,5 €3,1 €42,7 €933,3 €1,1 k €1,8 k €45,2 k €14,6 k €8,9 €24,0 k €249,2 €1,2 k €12,0 k €114,5 k €154,3 k €28,1 k €
Debts620,2 k €589,1 k €573,5 k €386,2 k €269,2 k €262,3 k €278,1 k €252,0 k €416,2 k €338,1 k €455,3 k €775,0 k €948,4 k €741,8 k €877,3 k €967,0 k €907,3 k €883,7 k €672,3 k €389,3 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

MARCELA VAN ASSCHE

Director · since 01 janvier 2013

Active
Jozef Josephina A Janssens

Managing director · since 01 mars 1991

Active

Ended mandates

HORTENTIA DRUYTS

Director · since 23 juin 2009 · until 26 mai 2015

Ended
HORTENTIA DRUYTS

Director

Ended
JOZEF JANSSENS

Director · until 31 mai 2013

Ended
JOZEF JANSSENS

Managing director · until 31 mai 2013

Ended
At this address

Other companies at this address

Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date31/08/202630/09/202530/08/202428/08/202331/08/202231/08/2021
General meeting22/05/202623/05/202517/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202522/05/202631/08/2026DutchPDF
Micro model31/12/202423/05/202530/09/2025DutchPDF
Micro model31/12/202317/05/202430/08/2024DutchPDF
Micro model31/12/202226/05/202328/08/2023DutchPDF
Micro model31/12/202127/05/202231/08/2022DutchPDF
Micro model31/12/202028/05/202131/08/2021DutchPDF
Micro model31/12/201929/05/202030/11/2020DutchPDF
Micro modelCorrection31/12/201831/05/201922/10/2019DutchPDF
Micro model31/12/201831/05/201929/08/2019DutchPDF
Micro model31/12/201725/05/201820/08/2018DutchPDF
Abridged model31/12/201602/05/201709/05/2017DutchPDF
Abridged model31/12/201527/05/201604/08/2016DutchPDF
Abridged model31/12/201429/05/201517/08/2015DutchPDF
Abridged model31/12/201330/05/201413/08/2014DutchPDF
Abridged model31/12/201231/05/201330/08/2013DutchPDF
Abridged model31/12/201125/05/201230/08/2012DutchPDF
Abridged model31/12/201027/05/201131/08/2011DutchPDF
Abridged model31/12/200928/05/201031/08/2010DutchPDF
Abridged model31/12/200823/07/200904/08/2009DutchPDF
Abridged model31/12/200730/05/200810/07/2008DutchPDF
Abridged model31/12/200631/05/200722/06/2007DutchPDF
Estimate

Indicative valuation

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 · 11 ended

Active mandates

MARCELA VAN ASSCHE

Director · since 01 janvier 2013

Active
Jozef Josephina A Janssens

Managing director · since 01 mars 1991

Active

Ended mandates

HORTENTIA DRUYTS

Director · since 23 juin 2009 · until 26 mai 2015

Ended
HORTENTIA DRUYTS

Director

Ended
JOZEF JANSSENS

Director · until 31 mai 2013

Ended
JOZEF JANSSENS

Managing director · until 31 mai 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/11/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/03/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/10/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2008
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office15/01/2008
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/04/2006
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - 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

Timeline

  1. 2025
    Annual accounts 2025-48,4 k €
  2. 2024
    Annual accounts 2024-35,0 k €
  3. 2023
    Annual accounts 2023-214,9 k €
  4. 2022
    Annual accounts 2022207,6 k €
  5. 2021
    Annual accounts 2021-14,9 k €
  6. 2020
    Annual accounts 2020302,5 €
  7. 2019
    Annual accounts 20192,0 k €
  8. 2018
    Annual accounts 201880,9 k €
  9. 2017
    Annual accounts 2017-83,6 k €
  10. 2016
    Annual accounts 2016-13,8 k €
  11. 2015
    Annual accounts 2015-31,2 k €
  12. 2014
    Annual accounts 20143,1 k €
  13. 2013
    Annual accounts 20133,5 k €
  14. 2012
    Annual accounts 20123,2 k €
  15. 2011
    Annual accounts 20113,3 k €
  16. 2010
    Annual accounts 20106,7 k €
  17. 2009
    Annual accounts 2009-97,8 k €
  18. 2008
    Annual accounts 200832,8 k €
  19. 2007
    Annual accounts 2007293,5 k €
  20. 2006
    Annual accounts 200618,3 k €
  21. 01/03/1991
    IncorporationPublic limited company