ACTIVE

Horizon

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Financial year 2025 · closed on 31/03/2025

Net result

1,1 M €

-31.7% YoY

Gross margin

53,6 k €

+157.8% YoY

Equity

8 M €

+15.1% YoY

What does Horizon do?

Horizon is a Public limited company incorporated in 1998. Its registered office is in Halen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.254.578

Incorporation

29/04/1998

Legal form

Public limited company

Registered office

Ertsenrijkstraat 73
3545 Halen · FlandreSee on map

Contributed capital

225 000,00 €

Latest accounts

31/03/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	53,6 k €	+158%	20,8 k €	+2568%	-842,9 €	-104%	20,4 k €	+38.0%	14,8 k €	+72.9%	8,5 k €	-63.7%	23,5 k €	+11.2%	21,1 k €	+3.2%	20,5 k €	-14.5%	23,9 k €	+15.4%	20,7 k €	+26.1%	16,4 k €	+22.7%	13,4 k €	-27.3%	18,5 k €	-8.4%	20,1 k €	-22.6%	26 k €	+23.0%	21,1 k €	+31.7%	16,1 k €	+12.0%	14,3 k €
EBITDA	44,4 k €	+273%	11,9 k €	+115%	-79,8 k €	-857%	10,5 k €	+73.3%	6,1 k €	+1752%	328,7 €	-97.9%	15,4 k €	+17.0%	13,2 k €	+4.6%	12,6 k €	-22.0%	16,2 k €	+24.1%	13 k €	+29.5%	10,1 k €	+38.9%	7,2 k €	-41.3%	12,4 k €	-13.6%	14,3 k €	-29.0%	20,1 k €	+30.1%	15,5 k €	+48.1%	10,5 k €	+19.2%	8,8 k €
Operating result	34,7 k €	+1432%	2,3 k €	+102%	-91,1 k €	-1472%	-5,8 k €	+37.2%	-9,2 k €	+38.4%	-15 k €	-12887%	117,3 €	+115%	-775,4 €	-17.4%	-660,3 €	-114%	4,7 k €	+196%	1,6 k €	+112%	-13,4 k €	-2460%	-522 €	-111%	4,6 k €	-33.8%	6,9 k €	-45.8%	12,8 k €	+57.6%	8,1 k €	+163%	3,1 k €	+121%	1,4 k €
Net result	1,1 M €	-31.7%	1,5 M €	+33.2%	1,2 M €	+49.1%	775,2 k €	-24.2%	1 M €	+168%	381,9 k €	-36.0%	596,7 k €	+22.6%	486,8 k €	-29.8%	692,9 k €	+78.3%	388,6 k €	-44.4%	699,1 k €	+13.1%	618 k €	-5.2%	652,2 k €	-0.5%	655,2 k €	-35.0%	1 M €	+131%	435,9 k €	+5.8%	411,9 k €	+6.2%	387,7 k €	+13.8%	340,7 k €
Balance sheet
Equity	8 M €	+15.1%	7 M €	-10.1%	7,8 M €	+17.5%	6,6 M €	+13.3%	5,8 M €	+21.3%	4,8 M €	+8.6%	4,4 M €	-48.0%	8,5 M €	+6.1%	8 M €	+9.4%	7,3 M €	+5.6%	6,9 M €	+11.2%	6,2 M €	+1.6%	6,1 M €	+11.8%	5,5 M €	+13.5%	4,8 M €	+26.3%	3,8 M €	+12.8%	3,4 M €	+13.7%	3 M €	+14.9%	2,6 M €
Total assets	11 M €	-0.3%	11 M €	+8.6%	10,2 M €	+4.5%	9,7 M €	+2.2%	9,5 M €	+8.6%	8,8 M €	-6.8%	9,4 M €	+1.2%	9,3 M €	+6.3%	8,7 M €	+9.0%	8 M €	+5.4%	7,6 M €	+10.5%	6,9 M €	+1.0%	6,8 M €	+10.9%	6,1 M €	+11.4%	5,5 M €	+21.4%	4,5 M €	+10.7%	4,1 M €	+10.6%	3,7 M €	+12.3%	3,3 M €
Cash	2,8 M €	+114%	1,3 M €	-13.7%	1,5 M €	-64.4%	4,2 M €	+12.9%	3,7 M €	+113%	1,7 M €	-43.1%	3,1 M €	+23.4%	2,5 M €	-0.0%	2,5 M €	+63.4%	1,5 M €	-23.7%	2 M €	-50.8%	4,1 M €	-1.6%	4,1 M €	+19.5%	3,4 M €	+63.9%	2,1 M €	+19.1%	1,8 M €	+21.9%	1,4 M €	+37.9%	1,1 M €	+64.7%	637,8 k €
Debts	3 M €	-26.8%	4,1 M €	+68.9%	2,4 M €	-22.9%	3,1 M €	-15.4%	3,7 M €	-6.8%	4 M €	-20.4%	5 M €	+566%	746,8 k €	+9.8%	679,9 k €	+3.4%	657,3 k €	+3.9%	632,6 k €	+3.7%	609,9 k €	-4.3%	637,4 k €	+3.8%	613,8 k €	-3.7%	637,4 k €	-5.1%	671,8 k €	+0.4%	668,8 k €	-2.8%	687,9 k €	+2.8%	668,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 14 ended

Active mandates

Frank DE COSTER

Managing director · since 05 novembre 2019 · until 31 août 2025

Active

Jan DE COSTER

Director · since 05 novembre 2019 · until 31 août 2025

Active

Kristel DE COSTER

Managing director · since 05 novembre 2019 · until 31 août 2025

Active

Ended mandates

Clara CAMS

Director · since 05 novembre 2019 · until 01 décembre 2021

Ended

Clara CAMS

Director · since 05 novembre 2019 · until 31 août 2025

Ended

Clara CAMS

Managing director · since 21 avril 2016 · until 21 avril 2022

Ended

Frank DE COSTER

Director · since 21 avril 2016 · until 21 avril 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	29/10/2024	28/10/2023	28/10/2022	25/11/2021	27/10/2020
General meeting	30/09/2025	30/09/2024	30/09/2023	31/08/2022	31/08/2021	31/08/2020
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	31/03/2025	30/09/2025	29/10/2025	Dutch	PDF
Abridged model	31/03/2024	30/09/2024	29/10/2024	Dutch	PDF
Abridged model	31/03/2023	30/09/2023	28/10/2023	Dutch	PDF
Abridged model	31/03/2022	31/08/2022	28/10/2022	Dutch	PDF
Abridged model	31/03/2021	31/08/2021	25/11/2021	Dutch	PDF
Abridged model	31/03/2020	31/08/2020	27/10/2020	Dutch	PDF
Abridged model	31/03/2019	31/08/2019	30/09/2019	Dutch	PDF
Abridged model	31/03/2018	31/08/2018	28/09/2018	Dutch	PDF
Abridged model	31/03/2017	31/08/2017	29/09/2017	Dutch	PDF
Abridged model	31/03/2016	31/08/2016	28/09/2016	Dutch	PDF
Abridged model	31/03/2015	31/08/2015	30/09/2015	Dutch	PDF
Abridged model	31/03/2014	01/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	31/08/2013	22/10/2013	Dutch	PDF
Abridged model	31/03/2012	31/08/2012	23/10/2012	Dutch	PDF
Abridged model	31/03/2011	31/08/2011	21/10/2011	Dutch	PDF
Abridged model	31/03/2010	31/08/2010	30/09/2010	Dutch	PDF
Abridged model	31/03/2009	31/08/2009	29/09/2009	Dutch	PDF
Abridged model	31/03/2008	01/09/2008	31/10/2008	Dutch	PDF
Abridged model	31/03/2007	31/08/2007	21/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/03/2025 · 3 active · 14 ended

Active mandates

Frank DE COSTER

Managing director · since 05 novembre 2019 · until 31 août 2025

Active

Jan DE COSTER

Director · since 05 novembre 2019 · until 31 août 2025

Active

Kristel DE COSTER

Managing director · since 05 novembre 2019 · until 31 août 2025

Active

Ended mandates

Clara CAMS

Director · since 05 novembre 2019 · until 01 décembre 2021

Ended

Clara CAMS

Director · since 05 novembre 2019 · until 31 août 2025

Ended

Clara CAMS

Managing director · since 21 avril 2016 · until 21 avril 2022

Ended

Frank DE COSTER

Director · since 21 avril 2016 · until 21 avril 2022

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring31/08/2026
Fusievoorstel in het kader van de fusie door overneming van NV Scabs
PDF
Restructuring10/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates13/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/12/2018
KAPITAAL - AANDELEN
PDF
Mandates13/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/07/2014
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 20251,1 M €↓
2024
Annual accounts 20241,5 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022775,2 k €↓
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020381,9 k €↓
2019
Annual accounts 2019596,7 k €↑
2018
Annual accounts 2018486,8 k €↓
2017
Annual accounts 2017692,9 k €↑
2016
Annual accounts 2016388,6 k €↓
2015
Annual accounts 2015699,1 k €↑
2014
Annual accounts 2014618 k €↓
2013
Annual accounts 2013652,2 k €↓
2012
Annual accounts 2012655,2 k €↓
2011
Annual accounts 20111 M €↑
2010
Annual accounts 2010435,9 k €↑
2009
Annual accounts 2009411,9 k €↑
2008
Annual accounts 2008387,7 k €↑
2007
Annual accounts 2007340,7 k €
29/04/1998
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

Horizon

Overview

What does Horizon 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