ACTIVE

HOREA

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Financial year 2025 · closed on 31/12/2025

Net result

-22,3 k €

-0.3% YoY

Gross margin

46,5 k €

-3.0% YoY

Equity

808,6 k €

-2.7% YoY

What does HOREA do?

HOREA is a Private limited company incorporated in 2002. Its main activity is: Hotels and similar accommodation. Its registered office is in Onhaye.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.036.991

Incorporation

06/03/2002

Legal form

Private limited company

Registered office

Rue des Hayettes, Fal. 18A
5522 Onhaye · WallonieSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

55100Hotels and similar accommodation· main 55100Hotels and similar accommodation 55302Camping grounds, recreational vehicle parks and trailer parks 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities 56210Event catering activities+1

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	46,5 k €	-3.0%	48 k €	+9.4%	43,8 k €	+12.5%	39 k €	+57.3%	24,8 k €	+34.6%	18,4 k €	-61.7%	48,1 k €	-73.8%	183,9 k €	-26.7%	250,8 k €	+1.1%	248 k €	+6.0%	234 k €	+32.2%	176,9 k €	+18.3%	149,6 k €	+66.8%	89,6 k €	-17.4%	108,6 k €	-8.1%	118,1 k €	-4.9%	124,2 k €	-19.2%	153,8 k €	-19.9%	192 k €
EBITDA	40,1 k €	-5.4%	42,4 k €	+9.5%	38,8 k €	+14.2%	34 k €	+65.5%	20,5 k €	+40.8%	14,6 k €	-50.2%	29,3 k €	-63.0%	79,1 k €	-14.5%	92,5 k €	+76.1%	52,5 k €	-21.8%	67,2 k €	-0.4%	67,4 k €	+25.6%	53,7 k €	+1354%	3,7 k €	-91.2%	42 k €	-43.6%	74,5 k €	+29.4%	57,5 k €	-17.0%	69,3 k €	+1.2%	68,5 k €
Operating result	-13,4 k €	-7.2%	-12,5 k €	+38.5%	-20,4 k €	+20.6%	-25,7 k €	+32.9%	-38,3 k €	+21.7%	-48,9 k €	-2516%	-1,9 k €	-104%	45,6 k €	-10.3%	50,8 k €	+263%	14 k €	-43.2%	24,7 k €	+52.0%	16,2 k €	+536%	2,6 k €	+105%	-48,8 k €	-400%	-9,8 k €	-142%	23,5 k €	+59.6%	14,7 k €	-10.6%	16,5 k €	-19.2%	20,4 k €
Net result	-22,3 k €	-0.3%	-22,2 k €	+22.5%	-28,7 k €	-4.5%	-27,5 k €	+32.5%	-40,7 k €	+26.6%	-55,5 k €	-718%	-6,8 k €	-122%	30,3 k €	-6.5%	32,4 k €	+1281%	2,3 k €	-95.4%	50,7 k €	+562%	7,7 k €	+149%	-15,5 k €	+76.9%	-67,1 k €	-154%	-26,4 k €	-395%	8,9 k €	+468%	1,6 k €	+33.4%	1,2 k €	-36.8%	1,9 k €
Balance sheet
Equity	808,6 k €	-2.7%	830,9 k €	-2.6%	853,1 k €	-3.3%	881,8 k €	-3.0%	909,3 k €	-4.3%	950 k €	+5932%	-16,3 k €	-71.3%	-9,5 k €	+56.3%	-21,8 k €	+59.8%	-54,2 k €	+4.1%	-56,5 k €	+47.3%	-107,2 k €	+6.7%	-114,8 k €	-15.6%	-99,4 k €	-208%	-32,2 k €	-455%	-5,8 k €	+60.7%	-14,8 k €	+9.6%	-16,3 k €	+6.7%	-17,5 k €
Total assets	916,4 k €	+0.9%	908,5 k €	-3.2%	938,4 k €	-5.2%	989,9 k €	-5.4%	1 M €	-5.4%	1,1 M €	+712%	136,3 k €	-30.9%	197,3 k €	-15.6%	233,6 k €	-5.5%	247,4 k €	-2.3%	253,2 k €	-4.8%	265,8 k €	-16.5%	318,4 k €	-11.0%	357,7 k €	-7.9%	388,6 k €	+22.5%	317,3 k €	-2.1%	324,2 k €	-11.3%	365,7 k €	-6.7%	392,1 k €
Cash	12,3 k €	+3148%	379,2 €	-93.1%	5,5 k €	+156%	2,2 k €	-69.0%	7 k €	-21.9%	8,9 k €	+468%	1,6 k €	-83.7%	9,7 k €	+420%	1,9 k €	-88.1%	15,7 k €	+175%	5,7 k €	-23.0%	7,4 k €	-12.2%	8,4 k €	-25.0%	11,2 k €	+877%	1,1 k €	-93.6%	17,8 k €	+130%	7,8 k €	+339%	1,8 k €	-53.0%	3,8 k €
Debts	102,3 k €	+31.8%	77,6 k €	-9.0%	85,3 k €	-21.1%	108,1 k €	-21.3%	137,4 k €	-12.1%	156,3 k €	+2.4%	152,6 k €	-26.2%	206,7 k €	-14.5%	241,9 k €	-12.8%	277,5 k €	-10.4%	309,6 k €	-17.0%	372,9 k €	-13.9%	433,3 k €	-5.2%	457,1 k €	+8.6%	420,8 k €	+30.2%	323,1 k €	-4.7%	339 k €	-11.3%	382 k €	-6.7%	409,6 k €
Other
Workforce	–		–		–		–		–		–		–		6,4 ETP	-11.1%	7,2 ETP	+4.3%	6,9 ETP	+9.5%	6,3 ETP	+70.3%	3,7 ETP	+32.1%	2,8 ETP	+3.7%	2,7 ETP	+12.5%	2,4 ETP	+50.0%	1,6 ETP	+33.3%	1,2 ETP	-50.0%	2,4 ETP	-33.3%	3,6 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 · 2 active · 8 ended

Active mandates

GUILLAMAT Immo

Managing director · since 08 juillet 2021

Represented by Amaury HEYNDERICKX

Active

Loïc Lauwers

Managing director · since 08 juillet 2021

Active

Ended mandates

Amaury Heynderickx

Director

Ended

Ann Van Tilborg

Director

Ended

Ann Van Tilborg

Manager

Ended

GUILLAMAT Immo

Managing director

Ended

At this address

Other companies at this address

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AMAUGEST● Active	0525.967.157
Fairway Immo - LLA VIEW - Haras des Hayettes Unit● Active	1026.068.968
FP Holding & Co● Active	1031.118.314
IMMO C.C.● Active	0476.733.125
JEGINVEST● Active	0685.733.679
LLA VIEW● Active	0748.873.553
PROBEO● Active	1030.187.609
VAL IMMO INVEST● Active	0775.270.223

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	01/01/2025	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	17/06/2026	30/06/2025	05/08/2024	21/08/2023	08/08/2022	16/11/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	16/06/2021
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	16/06/2026	17/06/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	05/08/2024	French	PDF
Abridged model	31/12/2022	20/06/2023	21/08/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	08/08/2022	French	PDF
Abridged model	31/12/2020	16/06/2021	16/11/2021	French	PDF
Abridged model	31/12/2019	14/01/2020	14/04/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	11/08/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	04/09/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	29/08/2007	French	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 · 2 active · 8 ended

Active mandates

GUILLAMAT Immo

Managing director · since 08 juillet 2021

Represented by Amaury HEYNDERICKX

Active

Loïc Lauwers

Managing director · since 08 juillet 2021

Active

Ended mandates

Amaury Heynderickx

Director

Ended

Ann Van Tilborg

Director

Ended

Ann Van Tilborg

Manager

Ended

GUILLAMAT Immo

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office12/09/2024
SIEGE SOCIAL
PDF
Mandates12/07/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates29/01/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office09/12/2004
MAATSCHAPPELIJKE ZETEL
PDF
Other09/12/2004
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares12/11/2003
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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 2025-22,3 k €↓
2024
Annual accounts 2024-22,2 k €↑
2023
Annual accounts 2023-28,7 k €↓
2022
Annual accounts 2022-27,5 k €↑
2021
Annual accounts 2021-40,7 k €↑
2020
Annual accounts 2020-55,5 k €↓
2019
Annual accounts 2019-6,8 k €↓
2018
Annual accounts 201830,3 k €↓
2017
Annual accounts 201732,4 k €↑
2016
Annual accounts 20162,3 k €↓
2015
Annual accounts 201550,7 k €↑
2014
Annual accounts 20147,7 k €↑
2013
Annual accounts 2013-15,5 k €↑
2012
Annual accounts 2012-67,1 k €↓
2011
Annual accounts 2011-26,4 k €↓
2010
Annual accounts 20108,9 k €↑
2009
Annual accounts 20091,6 k €↑
2008
Annual accounts 20081,2 k €↓
2007
Annual accounts 20071,9 k €
06/03/2002
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

HOREA

Overview

What does HOREA 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