ACTIVE

HORINVEST

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Financial year 2025 · closed on 31/12/2025

Net result

1,4 k €

+19.2% YoY

Gross margin

31,5 k €

-14.4% YoY

Equity

316,1 k €

+0.4% YoY

What does HORINVEST do?

HORINVEST is a Public limited company incorporated in 1991. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Evergem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.210.708

Incorporation

22/05/1991

Legal form

Public limited company

Registered office

Drogenbroodstraat 42
9940 Evergem · FlandreSee on map

Contributed capital

62 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 33120Repair of machinery 33120Repair of machinery 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft 46140Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,5 k €	-14.4%	36,9 k €	+30.8%	28,2 k €	-22.2%	36,2 k €	-7.3%	39,1 k €	-58.3%	93,8 k €	+19.4%	78,5 k €	-6.8%	84,2 k €	-10.8%	94,4 k €	+48.1%	63,8 k €	-28.9%	89,7 k €	-37.6%	143,6 k €	+32.8%	108,1 k €	-6.4%	115,6 k €	-15.5%	136,8 k €	+402%	27,3 k €	-33.1%	40,8 k €	+46.4%	27,8 k €	+8.6%	25,6 k €	+55.0%	16,5 k €
EBITDA	25,8 k €	-17.9%	31,5 k €	+39.5%	22,6 k €	-24.0%	29,7 k €	-11.5%	33,6 k €	-53.5%	72,2 k €	+0.1%	72,1 k €	+24.3%	58 k €	-0.1%	58,1 k €	+26.9%	45,8 k €	-38.1%	74 k €	-11.5%	83,6 k €	+41.8%	58,9 k €	-2.7%	60,5 k €	-33.3%	90,8 k €	+275%	24,2 k €	-35.8%	37,7 k €	+50.2%	25,1 k €	+5.4%	23,8 k €	+61.0%	14,8 k €
Operating result	831 €	-82.3%	4,7 k €	+221%	-3,9 k €	-199%	3,9 k €	-33.9%	6 k €	-87.5%	47,9 k €	+30.4%	36,8 k €	+149%	14,8 k €	-18.4%	18,1 k €	+217%	5,7 k €	-80.9%	29,9 k €	-33.3%	44,8 k €	+85.4%	24,2 k €	-24.7%	32,1 k €	-48.9%	62,8 k €	+10832%	574,5 €	-96.2%	15,1 k €	+492%	2,6 k €	+11.1%	2,3 k €	-58.2%	5,5 k €
Net result	1,4 k €	+19.2%	1,2 k €	+124%	-4,8 k €	-1229%	422,3 €	-88.4%	3,6 k €	-88.2%	30,8 k €	+29.5%	23,8 k €	+177%	8,6 k €	+19.9%	7,2 k €	+515%	-1,7 k €	-111%	15,8 k €	-30.5%	22,7 k €	+87.2%	12,1 k €	-23.7%	15,9 k €	-58.7%	38,5 k €	+1078%	-3,9 k €	-148%	8,2 k €	+381%	-2,9 k €	+94.1%	-49,7 k €	-131%	160,7 k €
Balance sheet
Equity	316,1 k €	+0.4%	314,7 k €	+0.4%	313,6 k €	-1.5%	318,4 k €	+0.1%	317,9 k €	-5.7%	337 k €	+10.0%	306,3 k €	+8.4%	282,5 k €	+3.1%	273,9 k €	+2.7%	266,8 k €	-0.6%	268,5 k €	+6.2%	252,7 k €	+9.9%	230 k €	+5.6%	217,9 k €	-1.8%	222 k €	+21.0%	183,5 k €	-2.1%	187,4 k €	+4.6%	179,2 k €	-1.6%	182,1 k €	-21.4%	231,8 k €
Total assets	387 k €	-4.7%	406,1 k €	-2.7%	417,6 k €	-6.7%	447,4 k €	-7.2%	481,8 k €	-7.7%	521,8 k €	-17.0%	628,6 k €	+16.4%	539,9 k €	-0.8%	544,4 k €	-10.5%	608,1 k €	+15.4%	527 k €	-0.3%	528,6 k €	-4.2%	551,7 k €	-5.5%	583,7 k €	-4.6%	611,6 k €	+71.0%	357,7 k €	-3.6%	371,1 k €	-1.1%	375,2 k €	-16.1%	447,4 k €	+58.3%	282,7 k €
Cash	91,6 k €	-57.7%	216,7 k €	+1.3%	214 k €	+0.7%	212,6 k €	+3.7%	205 k €	-21.2%	260,1 k €	+225%	80 k €	+31.1%	61 k €	+186%	21,3 k €	-8.4%	23,3 k €	-50.3%	46,9 k €	-9.0%	51,5 k €	-0.2%	51,6 k €	+2.2%	50,5 k €	-19.0%	62,3 k €	+370%	13,3 k €	-29.1%	18,7 k €	+19.9%	15,6 k €	-69.7%	51,5 k €	+59.1%	32,3 k €
Debts	68,2 k €	-20.7%	86 k €	-10.4%	96 k €	-17.0%	115,6 k €	-23.2%	150,5 k €	-10.8%	168,7 k €	-44.4%	303,5 k €	+28.6%	235,9 k €	-4.2%	246,3 k €	-21.7%	314,5 k €	+37.4%	228,9 k €	-6.1%	243,7 k €	-14.8%	286,1 k €	-12.2%	325,9 k €	-6.3%	347,9 k €	+168%	129,9 k €	-5.0%	136,7 k €	-7.5%	147,8 k €	-31.1%	214,4 k €	+322%	50,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	-28.6%	1,4 ETP	-22.2%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

Johan Horion

Mandate

Active

Ended mandates

Ann Scheir

Director · since 27 mai 2017 · until 27 mai 2023

Ended

Johan Horion

Managing director · since 27 mai 2017 · until 27 mai 2023

Ended

Ann Scheir

Director · since 28 mai 2011 · until 27 mai 2017

Ended

Johan Horion

Managing director · since 28 mai 2011 · until 27 mai 2017

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	26/06/2026	28/08/2025	18/07/2024	23/06/2023	31/08/2022	18/06/2021
General meeting	30/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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
Micro model	31/12/2025	30/05/2026	26/06/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	23/06/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	29/05/2021	18/06/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	23/06/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	17/07/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	04/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/08/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/02/2014	21/02/2014	Dutch	PDF
Abridged model	31/12/2012	26/08/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	24/08/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	22/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 1 active · 16 ended

Active mandates

Johan Horion

Mandate

Active

Ended mandates

Ann Scheir

Director · since 27 mai 2017 · until 27 mai 2023

Ended

Johan Horion

Managing director · since 27 mai 2017 · until 27 mai 2023

Ended

Ann Scheir

Director · since 28 mai 2011 · until 27 mai 2017

Ended

Johan Horion

Managing director · since 28 mai 2011 · until 27 mai 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/10/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates06/07/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/01/2005
MAATSCHAPPELIJKE ZETEL - 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

2025
Annual accounts 20251,4 k €↑
2024
Annual accounts 20241,2 k €↑
2023
Annual accounts 2023-4,8 k €↓
2022
Annual accounts 2022422,3 €↓
2021
Annual accounts 20213,6 k €↓
2020
Annual accounts 202030,8 k €↑
2019
Annual accounts 201923,8 k €↑
2018
Annual accounts 20188,6 k €↑
2017
Annual accounts 20177,2 k €↑
2016
Annual accounts 2016-1,7 k €↓
2015
Annual accounts 201515,8 k €↓
2014
Annual accounts 201422,7 k €↑
2013
Annual accounts 201312,1 k €↓
2012
Annual accounts 201215,9 k €↓
2011
Annual accounts 201138,5 k €↑
2010
Annual accounts 2010-3,9 k €↓
2009
Annual accounts 20098,2 k €↑
2008
Annual accounts 2008-2,9 k €↑
2007
Annual accounts 2007-49,7 k €↓
2006
Annual accounts 2006160,7 k €
22/05/1991
IncorporationPublic limited company

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

HORINVEST

Overview

What does HORINVEST do?

Trend over 20 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