ACTIVE

HORIZON V.D.M.

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Financial year 2025 · closed on 31/12/2025

Net result

-5,8 k €

-103.6% YoY

Gross margin

177,4 k €

-51.1% YoY

Equity

2,9 M €

-0.2% YoY

What does HORIZON V.D.M. do?

HORIZON V.D.M. is a Private limited company incorporated in 1992. Its main activity is: Hotels and similar accommodation. Its registered office is in Evere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.121.777

Incorporation

29/12/1992

Legal form

Private limited company

Registered office

Avenue de l'Optimisme 1B3
1140 Evere · BruxellesSee on map

Contributed capital

2 600 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

55100Hotels and similar accommodation· main 55100Hotels and similar accommodation 55101Hotels and similar accommodation

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	177,4 k €	-51.1%	362,6 k €	+6.2%	341,3 k €	+7.3%	318,2 k €	+8.2%	294,1 k €	-22.4%	379,2 k €	+402%	75,6 k €	+520%	12,2 k €	-94.3%	215,9 k €	-52.9%	458,7 k €	+13.1%	405,5 k €	+56.5%	259,2 k €	+155%	101,6 k €	+3.9%	97,8 k €	+634%	-18,3 k €	-17.5%	-15,6 k €	-101%	1,4 M €	+120%	635,3 k €	+10.8%	573,6 k €
EBITDA	174,2 k €	-51.3%	357,5 k €	+6.3%	336,4 k €	+7.5%	313 k €	+7.3%	291,6 k €	-21.8%	373,1 k €	+425%	71,1 k €	+818%	7,7 k €	-96.3%	211,3 k €	-53.2%	451,7 k €	+13.1%	399,4 k €	+59.1%	251,1 k €	+163%	95,5 k €	+2.8%	92,9 k €	+492%	-23,7 k €	+37.1%	-37,6 k €	-104%	942,6 k €	+528%	150 k €	+193%	51,3 k €
Operating result	-11,7 k €	-107%	172,6 k €	+13.8%	151,7 k €	+18.1%	128,5 k €	+19.6%	107,4 k €	+403%	21,3 k €	+108%	-275,9 k €	+20.0%	-344,7 k €	-140%	-143,9 k €	-249%	96,5 k €	+77.5%	54,4 k €	-52.2%	113,9 k €	+81.0%	62,9 k €	-32.3%	92,9 k €	+492%	-23,7 k €	+75.4%	-96,3 k €	-110%	937,5 k €	+831%	100,7 k €	+4105%	-2,5 k €
Net result	-5,8 k €	-104%	162,4 k €	+47.0%	110,5 k €	+37.3%	80,5 k €	+42.2%	56,6 k €	+615%	-11 k €	+95.9%	-267,1 k €	+20.8%	-337,2 k €	-151%	-134,4 k €	-1004%	-12,2 k €	+14.4%	-14,2 k €	-114%	104,9 k €	+62.6%	64,5 k €	-35.2%	99,5 k €	+1114%	-9,8 k €	+88.8%	-87,7 k €	-113%	677,4 k €	+808%	74,6 k €	+357%	-29 k €
Balance sheet
Equity	2,9 M €	-0.2%	2,9 M €	+337%	670,5 k €	+19.7%	560 k €	+16.8%	479,5 k €	+99.4%	240,5 k €	-4.4%	251,5 k €	-51.5%	518,5 k €	-39.4%	855,8 k €	-13.6%	990,1 k €	-1.2%	1 M €	-1.4%	1 M €	+11.5%	911,6 k €	+53.2%	595 k €	+20.1%	495,4 k €	-1.9%	505,2 k €	-14.8%	593 k €	+802%	-84,4 k €	+46.9%	-159 k €
Total assets	3,1 M €	-0.7%	3,1 M €	+4.3%	2,9 M €	-12.5%	3,4 M €	-0.3%	3,4 M €	-28.6%	4,7 M €	+0.3%	4,7 M €	-6.2%	5 M €	-6.7%	5,4 M €	-5.5%	5,7 M €	+8.2%	5,3 M €	+41.9%	3,7 M €	+80.1%	2,1 M €	+139%	863,8 k €	+13.8%	758,8 k €	-4.5%	794,7 k €	-41.5%	1,4 M €	+318%	325 k €	-7.3%	350,6 k €
Cash	459,2 k €	+34.2%	342,3 k €	+126%	151,4 k €	-59.3%	372,3 k €	+586%	54,2 k €	-91.9%	671,7 k €	+0.7%	667,1 k €	-12.8%	765,3 k €	-9.8%	848,8 k €	+881%	86,5 k €	-3.2%	89,3 k €	+46.3%	61,1 k €	-30.0%	87,2 k €	-89.0%	794 k €	+9.6%	724,5 k €	+5324%	13,4 k €	-71.9%	47,6 k €	+52.7%	31,2 k €	-32.4%	46,1 k €
Debts	24,8 k €	-28.1%	34,5 k €	-98.4%	2,2 M €	-19.5%	2,7 M €	-3.0%	2,8 M €	-35.6%	4,3 M €	+0.7%	4,3 M €	-0.8%	4,3 M €	-0.3%	4,3 M €	-3.8%	4,5 M €	+11.1%	4 M €	+64.7%	2,5 M €	+169%	910,2 k €	+3688%	24 k €	+29.0%	18,6 k €	-58.3%	44,7 k €	-91.4%	521 k €	+27.5%	408,4 k €	-19.7%	508,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-97.1%	10,2 ETP	-9.7%	11,3 ETP	-8.1%	12,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Guido Vandermarliere

Director

Active

Ended mandates

DOMUS INVESTMENT COMPANY

Director · since 14 mai 2010 · until 14 mai 2016 · 0439.424.054

Represented by met als vaste vertegenwo BVBA Pieter Depoortere

Ended

MALYSSIMMO

Managing director · since 14 mai 2010 · until 14 mai 2016 · 0449.121.975

Represented by Francine Decaestecker

Ended

Francine Decaestecker

Managing director · since 01 octobre 2009 · until 30 septembre 2015

Ended

Christof Malysse

Director · since 17 mai 2004 · until 17 mai 2010

Ended

At this address

Other companies at this address

Company	CBE no.
DOMUS INVESTMENT COMPANY● Active	0439.424.054
MLM services● Active	0887.344.320

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged 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	17/07/2026	06/06/2025	17/06/2024	05/06/2023	12/07/2022	27/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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	05/06/2026	17/07/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	06/06/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	17/06/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	05/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	12/06/2020	Dutch	PDF
Micro model	31/12/2018	20/05/2019	17/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	18/05/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	19/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	25/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	14/05/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/05/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	14/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 7 ended

Active mandates

Guido Vandermarliere

Director

Active

Ended mandates

DOMUS INVESTMENT COMPANY

Director · since 14 mai 2010 · until 14 mai 2016 · 0439.424.054

Represented by met als vaste vertegenwo BVBA Pieter Depoortere

Ended

MALYSSIMMO

Managing director · since 14 mai 2010 · until 14 mai 2016 · 0449.121.975

Represented by Francine Decaestecker

Ended

Francine Decaestecker

Managing director · since 01 octobre 2009 · until 30 septembre 2015

Ended

Christof Malysse

Director · since 17 mai 2004 · until 17 mai 2010

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other19/11/2024
DIVERSEN
PDF
Mandates11/03/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates25/05/2012
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates15/05/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/03/2009
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/07/2004
ONTSLAGEN - BENOEMINGEN
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 2025-5,8 k €↓
2024
Annual accounts 2024162,4 k €↑
2023
Annual accounts 2023110,5 k €↑
2022
Annual accounts 202280,5 k €↑
2022
Name changeHorizon VDM
2021
Annual accounts 202156,6 k €↑
2019
Annual accounts 2019-11 k €↑
2018
Annual accounts 2018-267,1 k €↑
2017
Annual accounts 2017-337,2 k €↓
2016
Annual accounts 2016-134,4 k €↓
2015
Annual accounts 2015-12,2 k €↑
2014
Annual accounts 2014-14,2 k €↓
2013
Annual accounts 2013104,9 k €↑
2012
Annual accounts 201264,5 k €↓
2011
Annual accounts 201199,5 k €↑
2011
Name changeHorizon V.D.M.
2010
Annual accounts 2010-9,8 k €↑
2009
Annual accounts 2009-87,7 k €↓
2008
Annual accounts 2008677,4 k €↑
2007
Annual accounts 200774,6 k €↑
2006
Annual accounts 2006-29 k €
2006
Name changeMARQUETTE
29/12/1992
IncorporationPrivate 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

HORIZON V.D.M.

Overview

What does HORIZON V.D.M. do?

Trend over 19 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