ACTIVE

HORELCA

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Financial year 2025 · closed on 31/12/2025

Net result

61,9 k €

-37.0% YoY

Gross margin

619,1 k €

-5.1% YoY

Equity

1,2 M €

+5.6% YoY

Workforce

10,0 ETP

-1.0% YoY

What does HORELCA do?

HORELCA is a Private limited company incorporated in 2001. Its main activity is: Freight transport by road. Its registered office is in Zutendaal. It employs on average 10,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.622.384

Incorporation

19/04/2001

Legal form

Private limited company

Registered office

Molenblookstraat 4D
3690 Zutendaal · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

10,0 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 53200Other postal and courier activities 53200Other postal and courier activities 64120Monetary intermediation

Joint committees (1)

14003

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	619,1 k €	-5.1%	652,6 k €	-17.1%	787,6 k €	-10.3%	878,1 k €	+21.6%	722 k €	-2.2%	738,2 k €	+64.4%	449 k €	+35.3%	331,9 k €	+12.7%	294,6 k €	+86.2%	158,2 k €	-47.4%	300,9 k €	+3.2%	291,5 k €	+12.9%	258,1 k €	+106%	125,2 k €	+120%	57 k €	+13.8%	50,1 k €	+84.6%	27,1 k €	-38.3%	44 k €	+252%	12,5 k €	+93.4%	6,5 k €
EBITDA	129,1 k €	-31.0%	187,1 k €	-19.6%	232,7 k €	-29.8%	331,5 k €	+25.6%	264 k €	-23.1%	343,1 k €	+49.4%	229,7 k €	+46.7%	156,5 k €	+18.9%	131,6 k €	+873%	13,5 k €	-90.6%	143,3 k €	+4.5%	137,2 k €	-13.7%	158,9 k €	+90.2%	83,6 k €	+64.8%	50,7 k €	+4.0%	48,8 k €	+91.4%	25,5 k €	-43.5%	45,1 k €	+495%	7,6 k €	+63.6%	4,6 k €
Operating result	78,4 k €	-40.8%	132,3 k €	-26.9%	181 k €	-38.5%	294,2 k €	+22.6%	239,9 k €	-24.1%	315,9 k €	+78.3%	177,2 k €	+102%	87,6 k €	+24.1%	70,6 k €	+214%	-61,9 k €	-167%	92,3 k €	+2.5%	90,1 k €	-21.0%	114 k €	+140%	47,6 k €	+29.5%	36,7 k €	+6.5%	34,5 k €	+175%	12,6 k €	-48.9%	24,6 k €	+261%	6,8 k €	+47.0%	4,6 k €
Net result	61,9 k €	-37.0%	98,3 k €	-20.7%	124 k €	-38.4%	201,3 k €	+27.1%	158,4 k €	-27.6%	219 k €	+101%	108,7 k €	+107%	52,4 k €	+17.4%	44,7 k €	+162%	-72,6 k €	-205%	68,8 k €	+10.9%	62,1 k €	-25.5%	83,3 k €	+135%	35,4 k €	+53.5%	23,1 k €	+31.6%	17,5 k €	+282%	4,6 k €	+605%	-908,1 €	-120%	4,5 k €	-88.0%	37,7 k €
Balance sheet
Equity	1,2 M €	+5.6%	1,1 M €	+9.7%	1 M €	+14.0%	886,2 k €	+29.4%	684,9 k €	+30.1%	526,4 k €	+30.5%	403,5 k €	+36.9%	294,8 k €	+21.2%	243,2 k €	+22.5%	198,5 k €	-26.8%	271,1 k €	+27.1%	213,3 k €	+31.5%	162,2 k €	+71.0%	94,9 k €	+34.6%	70,5 k €	+20.8%	58,3 k €	+42.9%	40,8 k €	+12.6%	36,2 k €	-2.4%	37,1 k €	+13.9%	32,6 k €
Total assets	1,4 M €	+7.7%	1,3 M €	+1.2%	1,3 M €	+14.1%	1,1 M €	+8.3%	1 M €	+6.7%	949,1 k €	+22.2%	777 k €	+15.1%	674,8 k €	-1.3%	683,9 k €	-1.0%	691,1 k €	+15.6%	597,6 k €	-1.4%	606,3 k €	+5.1%	577,1 k €	+8.3%	533 k €	+28.7%	414,2 k €	-2.1%	423,1 k €	-7.0%	455 k €	-0.4%	456,6 k €	+281%	119,9 k €	+16.4%	103 k €
Cash	867,8 k €	+10.4%	785,8 k €	+11.0%	707,6 k €	+22.8%	576,4 k €	-9.3%	635,8 k €	+14.7%	554,2 k €	+1.0%	548,4 k €	+124%	244,5 k €	-3.0%	252,1 k €	+50.3%	167,8 k €	+9.8%	152,8 k €	+22.3%	125 k €	+377%	26,2 k €	-12.9%	30,1 k €	-11.8%	34,1 k €	+11.1%	30,7 k €	-12.6%	35,1 k €	+38.2%	25,4 k €	-77.1%	111,1 k €	+24.5%	89,3 k €
Debts	181,4 k €	+23.8%	146,5 k €	-39.4%	241,6 k €	+14.5%	211,1 k €	-35.6%	327,9 k €	-22.4%	422,7 k €	+13.2%	373,5 k €	-1.7%	380 k €	-13.7%	440,5 k €	-10.5%	492,4 k €	+50.9%	326,3 k €	-16.5%	390,8 k €	-4.9%	411 k €	-5.6%	435,3 k €	+27.4%	341,7 k €	-5.9%	363,1 k €	-12.3%	414,1 k €	+15.4%	359 k €	+1886%	18,1 k €	-74.3%	70,4 k €
Other
Workforce	10,0 ETP	-1.0%	10,1 ETP	-27.3%	13,9 ETP	-9.7%	15,4 ETP	+36.3%	11,3 ETP		–		–		–		–		–		4,8 ETP	-4.0%	5,0 ETP	+25.0%	4,0 ETP	+135%	1,7 ETP	+70.0%	1,0 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 · 2 ended

Active mandates

Petra Polders

Director

Active

Ended mandates

Geert Claesen

Manager

Ended

Petra Polders

Manager

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	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	27/08/2026	12/08/2025	28/08/2024	22/08/2023	18/08/2022	29/10/2021
General meeting	25/06/2026	25/06/2025	25/06/2024	26/06/2023	25/06/2022	25/06/2021
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
Abridged model	31/12/2025	25/06/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	25/06/2025	12/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	22/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	18/08/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	29/10/2021	Dutch	PDF
Micro model	31/12/2019	01/09/2020	19/11/2020	Dutch	PDF
Micro model	31/12/2018	25/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	24/09/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	01/09/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/09/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	22/08/2007	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 · 2 ended

Active mandates

Petra Polders

Director

Active

Ended mandates

Geert Claesen

Manager

Ended

Petra Polders

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares14/02/2020
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/04/2019
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares28/04/2014
KAPITAAL - AANDELEN
PDF
Mandates14/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/06/2008
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares09/05/2007
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Registered office26/01/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/08/2005
MAATSCHAPPELIJKE ZETEL - 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 202561,9 k €↓
2024
Annual accounts 202498,3 k €↓
2023
Annual accounts 2023124 k €↓
2022
Annual accounts 2022201,3 k €↑
2021
Annual accounts 2021158,4 k €↓
2020
Annual accounts 2020219 k €↑
2019
Annual accounts 2019108,7 k €↑
2018
Annual accounts 201852,4 k €↑
2017
Annual accounts 201744,7 k €↑
2016
Annual accounts 2016-72,6 k €↓
2015
Annual accounts 201568,8 k €↑
2014
Annual accounts 201462,1 k €↓
2013
Annual accounts 201383,3 k €↑
2012
Annual accounts 201235,4 k €↑
2011
Annual accounts 201123,1 k €↑
2010
Annual accounts 201017,5 k €↑
2009
Annual accounts 20094,6 k €↑
2008
Annual accounts 2008-908,1 €↓
2007
Annual accounts 20074,5 k €↓
2006
Annual accounts 200637,7 k €
19/04/2001
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

HORELCA

Overview

What does HORELCA 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