ACTIVE

HORIZON CONSTRUCT

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Financial year 2024 · closed on 31/12/2024

Net result

-687,8 k €

+39.7% YoY

Revenue

2,3 M €

Equity

-6,6 M €

-11.6% YoY

What does HORIZON CONSTRUCT do?

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

31/12/2024

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)

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	2,3 M €		–		–		–		–		12,5 M €	+338%	2,9 M €	-72.4%	10,3 M €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-384,4 k €	+53.9%	-834,2 k €	-80.0%	-463,3 k €	+69.5%	-1,5 M €	-56.9%	-968,7 k €	-32.1%	-733,6 k €	-7.2%	-684,3 k €	-1313%	56,4 k €	-84.5%	363,9 k €	-56.4%	835,5 k €	-30.5%	1,2 M €	+1331%	-97,6 k €	-111%	926,1 k €	+88.4%	491,7 k €	+269%	-290,6 k €	+25.9%	-392 k €	-19.4%	-328,4 k €	-214%	-104,7 k €	-254%	-29,6 k €
Operating result	-384,4 k €	+54.0%	-835 k €	-79.6%	-464,9 k €	+69.1%	-1,5 M €	-52.4%	-988,9 k €	-23.1%	-803,3 k €	-8.6%	-739,6 k €	-26257%	-2,8 k €	-101%	365,7 k €	-54.9%	811,6 k €	-28.7%	1,1 M €	+1025%	-123 k €	-114%	890,6 k €	+89.7%	469,5 k €	+245%	-324,1 k €	+21.6%	-413,4 k €	-22.1%	-338,5 k €	-216%	-107 k €	-239%	-31,6 k €
Net result	-687,8 k €	+39.7%	-1,1 M €	-58.6%	-718,7 k €	+57.8%	-1,7 M €	-34.2%	-1,3 M €	-12.5%	-1,1 M €	-6.5%	-1,1 M €	-200%	-352,3 k €	-2869%	12,7 k €	-96.1%	330,1 k €	-51.3%	678,2 k €	+244%	-470,6 k €	-182%	576,2 k €	+126%	255,4 k €	+157%	-445,2 k €	+9.9%	-494,3 k €	-46.0%	-338,6 k €	-177%	-122,2 k €	-287%	-31,6 k €
Balance sheet
Equity	-6,6 M €	-11.6%	-5,9 M €	-23.8%	-4,8 M €	-17.7%	-4,1 M €	-71.9%	-2,4 M €	-115%	-1,1 M €	-4100%	27,5 k €	-97.5%	1,1 M €	-24.5%	1,4 M €	+0.9%	1,4 M €	+30.1%	1,1 M €	+163%	417 k €	-53.0%	887,6 k €	+185%	311,5 k €	+137%	-844 k €	-112%	-398,8 k €	-518%	95,5 k €	+245%	-65,9 k €	-217%	56,4 k €
Total assets	10,1 M €	-1.7%	10,2 M €	-21.1%	13 M €	+7.2%	12,1 M €	-21.6%	15,4 M €	-19.7%	19,2 M €	-26.4%	26,1 M €	+23.1%	21,2 M €	-16.4%	25,4 M €	+15.2%	22 M €	-10.9%	24,7 M €	-4.1%	25,8 M €	+28.6%	20 M €	+6.1%	18,9 M €	+62.3%	11,6 M €	+150%	4,7 M €	+126%	2,1 M €	+85.6%	1,1 M €	+107%	537,7 k €
Cash	43,3 k €	-78.2%	198,7 k €	-10.2%	221,2 k €	+129%	96,6 k €	-61.9%	253,9 k €	+703%	31,6 k €	-83.8%	195,4 k €	-46.0%	361,8 k €		0 €	-100%	163 k €	+479%	28,2 k €	-81.7%	153,7 k €	+227%	47 k €	-85.1%	315,4 k €	-16.9%	379,3 k €	+58819%	643,8 €	-98.2%	35,7 k €	-45.2%	65,1 k €	+5104%	1,3 k €
Debts	16,7 M €	+3.2%	16,2 M €	-9.0%	17,8 M €	+9.8%	16,2 M €	-9.2%	17,8 M €	-12.4%	20,3 M €	-22.1%	26,1 M €	+30.2%	20 M €	-14.9%	23,5 M €	+14.3%	20,6 M €	-12.8%	23,6 M €	-6.9%	25,4 M €	+32.5%	19,1 M €	+4.0%	18,4 M €	+47.6%	12,5 M €	+147%	5 M €	+156%	2 M €	+67.1%	1,2 M €	+145%	481,4 k €
Other
Workforce	–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	-56.5%	2,3 ETP	-32.4%	3,4 ETP	+54.5%	2,2 ETP	0.0%	2,2 ETP	+4.8%	2,1 ETP	+5.0%	2,0 ETP	-9.1%	2,2 ETP	+2100%	0,1 ETP		–

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 16 ended

Active mandates

Invest Minguet Gestion

Director · since 03 novembre 2020 · until 03 novembre 2026 · 0472.499.470

Represented by FLORENT MINGUET

Active

LAURENT MINGUET

Director · since 03 novembre 2020 · until 03 novembre 2026

Active

Ended mandates

Invest Minguet Gestion

Director · since 29 juillet 2018 · until 29 juillet 2024 · 0472.499.470

Represented by BARBARA GENNARI

Ended

LAURENT MINGUET

Managing director · since 02 juillet 2018 · until 02 juillet 2024

Ended

BOLIMA

Director · since 30 juin 2015 · until 30 juin 2021 · 0447.824.056

Represented by Marc Bonten

Ended

R.ORTMANS

Director · since 30 juin 2015 · until 30 juin 2021 · 0891.530.661

Represented by Régis Ortmans

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	30/08/2024	31/08/2023	31/08/2022	31/08/2021	07/10/2020
General meeting	06/05/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021	02/06/2020
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
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

Estimate

Indicative valuation

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 31/12/2024 · 2 active · 16 ended

Active mandates

Invest Minguet Gestion

Director · since 03 novembre 2020 · until 03 novembre 2026 · 0472.499.470

Represented by FLORENT MINGUET

Active

LAURENT MINGUET

Director · since 03 novembre 2020 · until 03 novembre 2026

Active

Ended mandates

Invest Minguet Gestion

Director · since 29 juillet 2018 · until 29 juillet 2024 · 0472.499.470

Represented by BARBARA GENNARI

Ended

LAURENT MINGUET

Managing director · since 02 juillet 2018 · until 02 juillet 2024

Ended

BOLIMA

Director · since 30 juin 2015 · until 30 juin 2021 · 0447.824.056

Represented by Marc Bonten

Ended

R.ORTMANS

Director · since 30 juin 2015 · until 30 juin 2021 · 0891.530.661

Represented by Régis Ortmans

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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

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

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

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

HORIZON CONSTRUCT

Overview

What does HORIZON CONSTRUCT do?

Trend over 19 financial years

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