ACTIVE

WinHorses

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Financial year 2025 · closed on 30/09/2025
Net result
1,5 M €
+1624.5% YoY
Gross margin
2 M €
+973.1% YoY
Equity
2,3 M €
+161.1% YoY
Workforce
0,0 ETP

What does WinHorses do?

WinHorses is a Private limited company incorporated in 2015. Its main activity is: Raising of horses and other equines. Its registered office is in Geraardsbergen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0641.775.754
Incorporation
21/10/2015
Legal form
Private limited company
Registered office
Vierbunderweg(Onk) 12
9500 Geraardsbergen · FlandreSee on map
Contributed capital
1 000,00 €
Latest accounts
30/09/2025
Average workforce
0,0 ETP
Activities (NACE)
01430Raising of horses and other equines· main93127Activities of sports clubs
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20252024
Income statement
Gross margin2 M €188,3 k €
EBITDA2 M €184,4 k €
Operating result1,9 M €113,6 k €
Net result1,5 M €84,3 k €
Balance sheet
Equity2,3 M €887,5 k €
Total assets2,8 M €1,4 M €
Cash81,2 k €44,8 k €
Debts473,4 k €473 k €
Other
Workforce0,0 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active

Active mandates

Flore De Winne

Director

Active
Pascal De Winne

Director

Active
Annual accounts

Full financial information

20252024
Type of accountAbridged modelAbridged model
Start of the financial year01/10/202401/10/2023
Closing of the financial year30/09/202530/09/2024
Length of the financial year12 months12 months
Filing date30/04/202630/04/2025
General meeting28/04/202629/04/2025
Currency of the financial yearEUREUR
NBB quality labelSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

2 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202528/04/202630/04/2026DutchPDF
Abridged model30/09/202429/04/202530/04/2025DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/09/2025 · 2 active

Active mandates

Flore De Winne

Director

Active
Pascal De Winne

Director

Active
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/11/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20251,5 M €↑
  2. 2024
    Annual accounts 202484,3 k €
  3. 21/10/2015
    IncorporationPrivate limited company