BETWEEN HORSES
0666.803.239 · rovalta.com · 23/09/2026
ACTIVE
BETWEEN HORSES
Financial year 2025 · closed on 31/10/2025
Net result
9,6 k €
+112.0% YoY
Gross margin
153,9 k €
+145.3% YoY
Equity
-248,7 k €
+3.7% YoY
Overview
What does BETWEEN HORSES do?
BETWEEN HORSES is a Private limited company incorporated in 2016. Its registered office is in Waterloo.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0666.803.239
Incorporation
30/11/2016
Legal form
Private limited company
Registered office
Chemin de la Papelotte 41
1410 Waterloo · WallonieSee on map
1410 Waterloo · WallonieSee on map
Contributed capital
12 400,00 €
Latest accounts
31/10/2025
Joint committees (2)
- 144
- 200
Signals
ProfitablePositive cashflowPositive EBITDA
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Financials
Trend over 8 financial years
| 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||
| Gross margin | 153,9 k € | +145% | 62,8 k € | -14.5% | 73,4 k € | -9.6% | 81,2 k € | -9.0% | 89,2 k € | +7.9% | 82,7 k € | +136% | 35,1 k € | -43.3% | 61,9 k € |
| EBITDA | 31,4 k € | +157% | -55,4 k € | +63.2% | -150,3 k € | -794% | 21,6 k € | -39.2% | 35,6 k € | +44.7% | 24,6 k € | +239% | -17,7 k € | -201% | 17,6 k € |
| Operating result | 13,5 k € | +118% | -74,4 k € | +58.7% | -180,2 k € | -1916% | 9,9 k € | -45.9% | 18,3 k € | +143% | 7,6 k € | +123% | -33 k € | -629% | 6,2 k € |
| Net result | 9,6 k € | +112% | -80,5 k € | +56.3% | -184,3 k € | -18731% | 989 € | -93.4% | 15 k € | +131% | 6,5 k € | +119% | -33,7 k € | -737% | 5,3 k € |
| Balance sheet | |||||||||||||||
| Equity | -248,7 k € | +3.7% | -258,3 k € | -45.3% | -177,8 k € | -2842% | 6,5 k € | +18.0% | 5,5 k € | +158% | -9,5 k € | +40.5% | -16 k € | -191% | 17,7 k € |
| Total assets | 154,7 k € | -3.9% | 161 k € | -7.1% | 173,4 k € | +104% | 85,1 k € | -5.2% | 89,7 k € | +20.5% | 74,4 k € | +15.4% | 64,5 k € | +6.0% | 60,9 k € |
| Cash | 11,2 k € | -27.0% | 15,3 k € | +76.0% | 8,7 k € | -58.2% | 20,8 k € | -25.6% | 28 k € | +122% | 12,7 k € | +73.4% | 7,3 k € | -61.4% | 18,9 k € |
| Debts | 398,5 k € | -3.8% | 414,4 k € | +19.7% | 346,2 k € | +370% | 73,6 k € | -7.1% | 79,3 k € | +0.3% | 79 k € | -1.9% | 80,5 k € | +86.6% | 43,2 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/10/2025 · 1 active · 3 ended
Active mandates
Marie-Paule MERTENS
ActiveEnded mandates
Marie Paule Mertens
EndedMarie Paule MERTENS
EndedMarie-Paule Mertens
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
CHIRON ASBL● Active | 1029.901.458 |
PONEY CLUB DE LA PAPELOTTE● Active | 0477.544.361 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/11/2024 | 01/11/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/10/2025 | 31/10/2024 | 31/10/2023 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 22 months | 12 months | 12 months | 12 months |
| Filing date | 10/06/2026 | 05/06/2025 | 30/05/2024 | 17/10/2022 | 01/10/2021 | 30/09/2020 |
| General meeting | 24/04/2026 | 25/04/2025 | 17/05/2024 | 15/10/2022 | 20/08/2021 | 30/08/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
9 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/10/2025 | 24/04/2026 | 10/06/2026 | French | |
| Micro model | 31/10/2024 | 25/04/2025 | 05/06/2025 | French | |
| Micro model | 31/10/2023 | 17/05/2024 | 30/05/2024 | French | |
| Micro model | 31/12/2021 | 15/10/2022 | 17/10/2022 | French | |
| Micro modelCorrection | 31/12/2020 | 20/08/2021 | 01/10/2021 | French | |
| Micro model | 31/12/2020 | 20/08/2021 | 31/08/2021 | French | |
| Micro model | 31/12/2019 | 30/08/2020 | 30/09/2020 | French | |
| Micro model | 31/12/2018 | 17/05/2019 | 27/08/2019 | French | |
| Micro model | 31/12/2017 | 18/05/2018 | 06/07/2018 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/10/2025 · 1 active · 3 ended
Active mandates
Marie-Paule MERTENS
ActiveEnded mandates
Marie Paule Mertens
EndedMarie Paule MERTENS
EndedMarie-Paule Mertens
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20259,6 k €↑
- 2024Annual accounts 2024-80,5 k €↑
- 2023Annual accounts 2023-184,3 k €↓
- 2021Annual accounts 2021989 €↓
- 2020Annual accounts 202015 k €↑
- 2019Annual accounts 20196,5 k €↑
- 2018Annual accounts 2018-33,7 k €↓
- 2017Annual accounts 20175,3 k €
- 30/11/2016IncorporationPrivate limited company