ACTIVE

HORIZON CONSTRUCT

Financial year 2025 · Closed on 31/12/2025

Net result961,4 k €+239,8 %over 1 year

Gross margin1,3 M €+450,1 %over 1 year

Equity-5,7 M €+14,5 %over 1 year

Identity

Source · BCE/KBO

HORIZON CONSTRUCT is a Public limited company incorporated in 2004. Its main activity is: Development of building projects. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0865.493.881
Incorporation: 26/05/2004
Legal form: Public limited company
Registered office: Rue Natalis 2
4020 Liège · WallonieSee on map
Contributed capital: 1 500 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 41001Construction of buildings 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,3 M €	+450%	-380,3 k €	+54.0%	-827,3 k €	-77.4%	-466,4 k €	+68.0%	-1,5 M €
EBITDA	1,3 M €	+445%	-384,4 k €	+53.9%	-834,2 k €	-80.0%	-463,3 k €	+69.5%	-1,5 M €
Operating result	1,3 M €	+445%	-384,4 k €	+54.0%	-835 k €	-79.6%	-464,9 k €	+69.1%	-1,5 M €
Net result	961,4 k €	+240%	-687,8 k €	+39.7%	-1,1 M €	-58.6%	-718,7 k €	+57.8%	-1,7 M €
Balance sheet
Equity	-5,7 M €	+14.5%	-6,6 M €	-11.6%	-5,9 M €	-23.8%	-4,8 M €	-17.7%	-4,1 M €
Total assets	9,6 M €	-4.6%	10,1 M €	-1.7%	10,2 M €	-21.1%	13 M €	+7.2%	12,1 M €
Cash	32,6 k €	-24.8%	43,3 k €	-78.2%	198,7 k €	-10.2%	221,2 k €	+129%	96,6 k €
Debts	15,3 M €	-8.5%	16,7 M €	+3.2%	16,2 M €	-9.0%	17,8 M €	+9.8%	16,2 M €
Other
Workforce	–		–		–		–		1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Invest Minguet Gestion0472.499.470Represented by FLORENT MINGUET	Director29/07/2018 → 03/11/2026Managing director31/07/2006 → 2014 accountsended
LAURENT MINGUET	Director03/11/2020 → 03/11/2026Managing director02/07/2018 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BOLIMA0447.824.056Represented by Marc Bonten	Director12/01/2009 → 2014 accounts
R.ORTMANS0891.530.661Represented by Régis Ortmans	Directorlisted until the 2014 accounts
MISE0477.388.270Represented by Serge Lejeune	Managing director01/08/2012 → 2014 accounts

Other companies at this address

Rue Natalis 2 4020 Liège

Company	CBE no.
ALL THERMIC SOLUTIONS● Active	0467.107.458
AMAY IMMO● Active	0758.519.016
ANNET INVEST● Active	0896.180.327
Association de didacticiens en Sciences● Active	0647.657.617
ATHENA HMW● Active	0507.742.837
AYE CONSTRUCT● Active	0774.326.254
AYE IMMO● Active	0772.775.541
BC INVEST● Active	0675.658.151
B.D.L.H.● Active	0879.898.777
CAMPAGNE DES MONTS IMMO● Active	0772.775.343
CENTRE D'AFFAIRES NATALIS● Active	0847.129.803
Centre Médical Athena● Active	0740.546.795
CHEVALIER● Active	0473.940.020
COGESTIM● Active	0506.972.973
DEMINA● Active	0668.438.876
ENERGY2BUSINESS● Bankrupt	0631.747.340
EVO-Sun● Active	0541.474.388
FLERON CONSTRUCT● Active	0669.639.993
FLERON IMMO● Active	0873.726.609
FLY WIN● Active	0542.515.258

Full financial information

Source · NBB

	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	30/10/2026	29/08/2025	30/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	02/06/2026	06/05/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	30/10/2026	French	PDF
Abridged model	31/12/2024	06/05/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	07/10/2020	French	PDF
Abridged model	31/12/2018	04/06/2019	30/08/2019	French	PDF
Abridged modelCorrection	31/12/2017	10/08/2018	26/09/2018	French	PDF
Abridged model	31/12/2017	10/08/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	26/09/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	03/08/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	14/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	11/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	04/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	03/07/2007	13/08/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Invest Minguet Gestion0472.499.470Represented by FLORENT MINGUET	Director29/07/2018 → 03/11/2026Managing director31/07/2006 → 2014 accountsended
LAURENT MINGUET	Director03/11/2020 → 03/11/2026Managing director02/07/2018 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BOLIMA0447.824.056Represented by Marc Bonten	Director12/01/2009 → 2014 accounts
R.ORTMANS0891.530.661Represented by Régis Ortmans	Directorlisted until the 2014 accounts
MISE0477.388.270Represented by Serge Lejeune	Managing director01/08/2012 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates01/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates30/08/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates07/03/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office13/03/2017
SIEGE SOCIAL
PDF
Mandates23/02/2017
DEMISSIONS, NOMINATIONS - DIVERS
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

Filings20 filings

Mandates

Invest Minguet Gestion

LAURENT MINGUET

BOLIMA

R.ORTMANS

MISE

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

HORIZON CONSTRUCT

Rue Natalis 2, 4020 Liège-4020

DirectorManaging director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Natalis 2, 4020 Liège-4020Current	accounts 2021 → 2025	Accounts 2025 · 2026-00597605

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HORIZON CONSTRUCTCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00597605

Events

2025
Annual accounts 2025961,4 k €↑
2024
Annual accounts 2024-687,8 k €↑
2023
Annual accounts 2023-1,1 M €↓
2022
Annual accounts 2022-718,7 k €↑
2021
Annual accounts 2021-1,7 M €↓
2020
Annual accounts 2020-1,3 M €↓
2019
Annual accounts 2019-1,1 M €↓
2018
Annual accounts 2018-1,1 M €↓
2017
Annual accounts 2017-352,3 k €↓
2016
Annual accounts 201612,7 k €↓
2015
Annual accounts 2015330,1 k €↓
2014
Annual accounts 2014678,2 k €↑
2013
Annual accounts 2013-470,6 k €↓
2012
Annual accounts 2012576,2 k €↑
2011
Annual accounts 2011255,4 k €↑
2010
Annual accounts 2010-445,2 k €↑
2009
Annual accounts 2009-494,3 k €↓
2008
Annual accounts 2008-338,6 k €↓
2007
Annual accounts 2007-122,2 k €↓
2006
Annual accounts 2006-31,6 k €
26/05/2004
IncorporationPublic limited company

HORIZON CONSTRUCT

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events