ACTIVE

HORECATH

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Financial year 2024 · closed on 31/12/2024

Net result

64,6 k €

+194.5% YoY

Revenue

1,2 M €

-0.7% YoY

Equity

120,9 k €

+114.8% YoY

Workforce

11,1 ETP

What does HORECATH do?

HORECATH is a Public limited company incorporated in 1992. Its registered office is in Ath. It employs on average 11,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.859.193

Incorporation

09/07/1992

Legal form

Public limited company

Registered office

Grand'Place 1
7800 Ath · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

11,1 ETP

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,2 M €	-0.7%	1,3 M €	+9.0%	1,2 M €	+53.1%	753,2 k €	+6.9%	704,4 k €	-42.1%	1,2 M €	-2.3%	1,2 M €	+11.3%	1,1 M €	+3.4%	1,1 M €	+0.6%	1,1 M €	+4.3%	1 M €	-0.7%	1 M €	+10.2%	942,8 k €	+0.3%	940,4 k €	+2.6%	916,6 k €	-2.7%	942,3 k €	+2.0%	923,6 k €	-0.8%	930,8 k €	-1.1%	941,4 k €
EBITDA	110,3 k €	+905%	-13,7 k €	-5.8%	-13 k €	-123%	56,2 k €	+943%	-6,7 k €	-111%	62,6 k €	-46.7%	117,3 k €	+91.0%	61,5 k €	-24.1%	80,9 k €	+9.8%	73,7 k €	-6.9%	79,1 k €	-35.2%	122,1 k €	+161%	46,7 k €	+2.3%	45,7 k €	-20.7%	57,6 k €	-9.5%	63,7 k €	-39.3%	104,9 k €	+8.7%	96,5 k €	-8.7%	105,6 k €
Operating result	77,3 k €	+242%	-54,4 k €	-12.7%	-48,3 k €	-321%	21,8 k €	+153%	-41,3 k €	-250%	27,5 k €	-68.6%	87,5 k €	+247%	25,2 k €	-44.3%	45,3 k €	+134%	19,3 k €	-1.6%	19,7 k €	-68.6%	62,5 k €	+844%	-8,4 k €	-1788%	498 €	-98.7%	38,3 k €	-7.1%	41,2 k €	-51.0%	84,1 k €	+9.6%	76,7 k €	-8.3%	83,7 k €
Net result	64,6 k €	+195%	-68,3 k €	-12.1%	-61 k €	-614%	11,9 k €	+125%	-48,2 k €	-856%	6,4 k €	-86.9%	48,5 k €	+1509%	3 k €	-86.8%	22,8 k €	+134%	9,8 k €	+118%	-53,9 k €	-296%	27,4 k €	+254%	-17,8 k €	-45.1%	-12,3 k €	-159%	20,9 k €	+29.0%	16,2 k €	-65.8%	47,3 k €	+18.2%	40 k €	-6.6%	42,8 k €
Balance sheet
Equity	120,9 k €	+115%	56,3 k €	-54.8%	124,6 k €	-32.9%	185,6 k €	+6.8%	173,7 k €	-21.7%	221,9 k €	+3.0%	215,5 k €	+29.0%	167 k €	+1.8%	164 k €	+16.1%	141,2 k €	+7.4%	131,5 k €	-29.1%	185,3 k €	+17.4%	157,9 k €	-10.1%	175,7 k €	-6.5%	188 k €	+12.5%	167,1 k €	+10.7%	150,9 k €	+45.7%	103,6 k €	+63.0%	63,5 k €
Total assets	327,5 k €	+3.5%	316,6 k €	-12.1%	360 k €	-9.1%	396,2 k €	+37.2%	288,7 k €	-24.4%	381,7 k €	-1.5%	387,6 k €	+10.2%	351,9 k €	-12.2%	400,6 k €	+18.8%	337,3 k €	-2.1%	344,5 k €	+3.0%	334,5 k €	+8.2%	309,2 k €	+5.2%	293,9 k €	+0.1%	293,5 k €	+13.4%	258,8 k €	+15.1%	224,9 k €	+10.3%	204 k €	+15.8%	176,1 k €
Cash	34,7 k €	-31.0%	50,3 k €	+20.3%	41,8 k €	-14.8%	49,1 k €	+186%	17,1 k €	-49.1%	33,7 k €	-14.6%	39,4 k €	+26.9%	31,1 k €	-20.4%	39 k €	-33.2%	58,4 k €	-58.8%	141,6 k €	+22.1%	115,9 k €	+78.5%	64,9 k €	+122%	29,2 k €	-64.4%	82 k €	+32.5%	61,9 k €	+17.5%	52,7 k €	-50.4%	106,2 k €	+80.1%	59 k €
Debts	143,7 k €	-27.2%	197,3 k €	+14.4%	172,4 k €	+16.8%	147,6 k €	+69.6%	87 k €	-45.5%	159,8 k €	-7.2%	172,1 k €	-6.9%	184,9 k €	+18.1%	156,6 k €	+24.2%	126,1 k €	-17.6%	153,1 k €	+2.6%	149,1 k €	-1.4%	151,3 k €	+28.0%	118,2 k €	+12.0%	105,5 k €	+15.0%	91,7 k €	+42.0%	64,6 k €	-35.7%	100,4 k €	-8.0%	109,2 k €
Other
Workforce	11,1 ETP		–		9,6 ETP	+6.7%	9,0 ETP	+3.4%	8,7 ETP	-9.4%	9,6 ETP	-4.0%	10,0 ETP	-16.7%	12,0 ETP	0.0%	12,0 ETP	0.0%	12,0 ETP	+9.1%	11,0 ETP	0.0%	11,0 ETP	0.0%	11,0 ETP	-15.4%	13,0 ETP	0.0%	13,0 ETP	+8.3%	12,0 ETP	+9.1%	11,0 ETP	-15.4%	13,0 ETP	0.0%	13,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 16 ended

Active mandates

Clément FRANCOIS

Managing director · since 06 avril 2022 · until 06 avril 2028

Active

Jeanine LEGRAND

Director · since 06 avril 2022 · until 06 avril 2028

Active

Marie-Christine VANDERHAEGEN

Director · since 06 avril 2022 · until 06 avril 2028

Active

Pascal REMY

Director · since 06 avril 2022 · until 06 avril 2028

Active

Ended mandates

Clément FRANCOIS

Managing director · since 07 avril 2016 · until 07 avril 2022

Ended

Jeanine LEGRAND

Director · since 07 avril 2016 · until 07 avril 2022

Ended

Marie-Christine VANDERHAEGEN

Director · since 07 avril 2016 · until 07 avril 2022

Ended

Pascal REMY

Director · since 07 avril 2016 · until 07 avril 2022

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	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	25/06/2025	22/08/2024	29/09/2023	30/08/2022	15/06/2021	27/05/2020
General meeting	26/05/2025	27/05/2024	29/05/2023	30/05/2022	31/05/2021	25/05/2020
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	31/12/2024	26/05/2025	25/06/2025	French	PDF
Micro model	31/12/2023	27/05/2024	22/08/2024	French	PDF
Abridged model	31/12/2022	29/05/2023	29/09/2023	French	PDF
Abridged model	31/12/2021	30/05/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	15/06/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	27/05/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	08/06/2018	French	PDF
Abridged model	31/12/2016	29/05/2017	05/02/2018	French	PDF
Abridged model	31/12/2015	30/05/2016	22/12/2017	French	PDF
Abridged model	31/12/2014	26/05/2015	28/09/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	29/09/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	28/05/2012	26/09/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	09/07/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	13/07/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	28/05/2007	30/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 4 active · 16 ended

Active mandates

Clément FRANCOIS

Managing director · since 06 avril 2022 · until 06 avril 2028

Active

Jeanine LEGRAND

Director · since 06 avril 2022 · until 06 avril 2028

Active

Marie-Christine VANDERHAEGEN

Director · since 06 avril 2022 · until 06 avril 2028

Active

Pascal REMY

Director · since 06 avril 2022 · until 06 avril 2028

Active

Ended mandates

Clément FRANCOIS

Managing director · since 07 avril 2016 · until 07 avril 2022

Ended

Jeanine LEGRAND

Director · since 07 avril 2016 · until 07 avril 2022

Ended

Marie-Christine VANDERHAEGEN

Director · since 07 avril 2016 · until 07 avril 2022

Ended

Pascal REMY

Director · since 07 avril 2016 · until 07 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other30/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES
PDF
Mandates23/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates21/04/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2008
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 202464,6 k €↑
2023
Annual accounts 2023-68,3 k €↓
2022
Annual accounts 2022-61 k €↓
2021
Annual accounts 202111,9 k €↑
2020
Annual accounts 2020-48,2 k €↓
2019
Annual accounts 20196,4 k €↓
2018
Annual accounts 201848,5 k €↑
2017
Annual accounts 20173 k €↓
2016
Annual accounts 201622,8 k €↑
2015
Annual accounts 20159,8 k €↑
2014
Annual accounts 2014-53,9 k €↓
2013
Annual accounts 201327,4 k €↑
2012
Annual accounts 2012-17,8 k €↓
2011
Annual accounts 2011-12,3 k €↓
2010
Annual accounts 201020,9 k €↑
2009
Annual accounts 200916,2 k €↓
2008
Annual accounts 200847,3 k €↑
2007
Annual accounts 200740 k €↓
2006
Annual accounts 200642,8 k €
09/07/1992
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

HORECATH

Overview

What does HORECATH do?

Trend over 19 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