ACTIVE

GM HORSES

Financial year 2025 · Closed on 31/12/2025

Net result1,9 k €-55,4 %over 1 year
Gross margin6 k €-17,6 %over 1 year
Equity-7 k €+21,7 %over 1 year

Identity

Source · BCE/KBO

GM HORSES is a Private limited company incorporated in 2020. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Mouscron.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0744.747.093
Incorporation
05/03/2020
Legal form
Private limited company
Registered office
Drève Gustave Fache(L) 1
7700 Mouscron · WallonieSee on map
Contributed capital
5 000,00 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin6 k €7,3 k €-2,4 k €10,9 k €-17,5 k €
EBITDA5,8 k €7,1 k €-2,4 k €6,9 k €-17,8 k €
Operating result2,8 k €5,3 k €-3,8 k €5,7 k €-18,3 k €
Net result1,9 k €4,3 k €-4,8 k €5,3 k €-18,8 k €
Balance sheet
Equity-7 k €-8,9 k €-13,3 k €-8,5 k €-13,8 k €
Total assets121,6 k €83,6 k €90,5 k €68,2 k €192 k €
Cash811,1 €––1,2 k €3,9 k €
Debts128,6 k €92,6 k €103,7 k €76,7 k €205,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

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Drève Gustave Fache(L) 1 7700 Mouscron
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Full financial information

Source · NBB
20252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202205/03/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months22 months
Filing date20/10/202608/10/202531/01/202525/04/202413/10/2022
General meeting19/06/202620/06/202521/06/202416/06/202317/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202519/06/202620/10/2026FrenchPDF
Micro model31/12/202420/06/202508/10/2025FrenchPDF
Micro model31/12/202321/06/202431/01/2025FrenchPDF
Micro model31/12/202216/06/202325/04/2024FrenchPDF
Micro model31/12/202117/06/202213/10/2022FrenchPDF

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.

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.

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office15/05/2024
    transfert du siège social
    PDF
  • Registered office30/12/2020
    transfert du siège social
    PDF
  • Other09/03/2020
    CONSTITUTION
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
2020202120222023202420252026
GM HORSES
Drève Gustave Fache(L) 1, 7700 MouscronRUE DE LA GROTTE 15, 7700 Mouscron
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Drève Gustave Fache(L) 1, 7700 MouscronCurrent
accounts 2025
Accounts 2025 · 2026-00564544
RUE DE LA GROTTE 15, 7700 Mouscron
accounts 2021 → 2024
Accounts 2024 · 2025-00535992

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
GM HORSESCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00564544

Events

  1. 2025
    Annual accounts 20251,9 k €↓
  2. 2024
    Annual accounts 20244,3 k €↑
  3. 2023
    Annual accounts 2023-4,8 k €↓
  4. 2022
    Annual accounts 20225,3 k €↑
  5. 2021
    Annual accounts 2021-18,8 k €
  6. 05/03/2020
    IncorporationPrivate limited company