ACTIVE

HORATEC

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Financial year 2025 · closed on 31/12/2025

Net result

346,4 k €

+1134.5% YoY

Gross margin

1,5 M €

+46.2% YoY

Equity

3,3 M €

+11.9% YoY

Workforce

8,1 ETP

-1.2% YoY

What does HORATEC do?

HORATEC is a Public limited company incorporated in 2004. Its registered office is in Kuurne. It employs on average 8,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.686.675

Incorporation

07/10/2004

Legal form

Public limited company

Registered office

Noordlaan 4
8520 Kuurne · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

8,1 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	+46.2%	1 M €	+16.0%	895,1 k €	-3.7%	930 k €	-33.3%	1,4 M €	+56.4%	891,9 k €	-14.7%	1 M €	+9.7%	953,8 k €	-1.2%	965,2 k €	+29.3%	746,6 k €	-10.5%	834 k €	+10.3%	755,9 k €	+22.9%	615 k €	+44.8%	424,8 k €	-33.5%	638,7 k €	+3.3%	618,4 k €	+18.2%	523,2 k €	+15.2%	454,2 k €	+6.1%	428 k €	+23.6%	346,3 k €
EBITDA	1,1 M €	+87.1%	564,3 k €	+80.0%	313,4 k €	-25.5%	420,6 k €	-45.5%	772,1 k €	+99.9%	386,3 k €	-29.6%	548,3 k €	+16.1%	472,4 k €	-7.7%	511,9 k €	+90.6%	268,6 k €	-10.6%	300,4 k €	+35.9%	221,1 k €	+43.0%	154,6 k €	+1257%	-13,4 k €	-105%	287,9 k €	-2.9%	296,4 k €	+24.3%	238,5 k €	+27.6%	186,9 k €	+4.5%	178,9 k €	+77.9%	100,5 k €
Operating result	488,1 k €	+574%	72,5 k €	+139%	-184,8 k €	-7566%	2,5 k €	-99.7%	714,1 k €	+124%	319,2 k €	-29.1%	450,5 k €	+20.3%	374,4 k €	-17.6%	454,6 k €	+108%	218,3 k €	-14.1%	254,1 k €	+42.7%	178,1 k €	+52.4%	116,8 k €	+352%	-46,4 k €	-129%	158,4 k €	+18.0%	134,2 k €	+51.0%	88,9 k €	+113%	41,7 k €	-14.3%	48,7 k €	+334%	-20,8 k €
Net result	346,4 k €	+1134%	28,1 k €	+112%	-230,8 k €	-241%	164 k €	-69.5%	538,3 k €	+117%	247,8 k €	-23.5%	323,9 k €	+22.0%	265,5 k €	-12.7%	304,1 k €	+99.3%	152,6 k €	-14.3%	178,1 k €	+36.9%	130,1 k €	+34.7%	96,6 k €	+118%	44,3 k €	-65.6%	128,6 k €	-4.0%	134 k €	+48.3%	90,3 k €	+172%	33,3 k €	+17.2%	28,4 k €	+164%	-44,4 k €
Balance sheet
Equity	3,3 M €	+11.9%	2,9 M €	+1.0%	2,9 M €	-7.4%	3,1 M €	+5.5%	3 M €	+22.2%	2,4 M €	+11.4%	2,2 M €	+17.5%	1,8 M €	+16.8%	1,6 M €	+23.8%	1,3 M €	+13.5%	1,1 M €	+18.8%	949 k €	+15.9%	818,9 k €	+13.4%	722,4 k €	+6.5%	678,1 k €	+23.4%	549,5 k €	+32.2%	415,5 k €	+27.8%	325,2 k €	+11.4%	292 k €	+10.8%	263,6 k €
Total assets	5,2 M €	+1.6%	5,1 M €	-3.5%	5,3 M €	-8.7%	5,8 M €	+83.5%	3,1 M €	+23.6%	2,5 M €	+11.9%	2,3 M €	+15.6%	2 M €	+13.8%	1,7 M €	+27.7%	1,4 M €	+10.3%	1,2 M €	+15.0%	1,1 M €	+10.4%	967,4 k €	+14.6%	844,3 k €	+0.5%	840,3 k €	+11.0%	757,1 k €	+7.9%	701,7 k €	-5.1%	739,7 k €	-5.5%	782,7 k €	-12.7%	896,9 k €
Cash	1,4 M €	+61.5%	858,6 k €	+14.5%	749,7 k €	-41.7%	1,3 M €	+253%	363,9 k €	-83.9%	2,3 M €	+14.0%	2 M €	+24.9%	1,6 M €	+22.1%	1,3 M €	+19.7%	1,1 M €	+17.7%	924,3 k €	+26.9%	728,2 k €	+5.1%	693 k €	+46.2%	474 k €	-34.0%	718,2 k €	+31.2%	547,3 k €	+68.1%	325,5 k €	+46.8%	221,8 k €	+46.6%	151,2 k €	-39.4%	249,4 k €
Debts	1,9 M €	-11.7%	2,2 M €	-9.7%	2,4 M €	-10.3%	2,7 M €	+1298%	190,1 k €	+50.7%	126,2 k €	+21.8%	103,6 k €	-13.3%	119,5 k €	-18.0%	145,8 k €	+95.8%	74,5 k €	-26.3%	101 k €	-14.2%	117,6 k €	-10.3%	131,1 k €	+7.6%	121,9 k €	-24.7%	161,9 k €	-22.0%	207,5 k €	-27.5%	286,1 k €	-30.9%	414,1 k €	-15.5%	490,3 k €	-21.9%	628 k €
Other
Workforce	8,1 ETP	-1.2%	8,2 ETP	-18.0%	10,0 ETP	+1.0%	9,9 ETP	-14.7%	11,6 ETP	+4.5%	11,1 ETP	-5.1%	11,7 ETP	+6.4%	11,0 ETP	+3.8%	10,6 ETP	+14.0%	9,3 ETP	-7.0%	10,0 ETP	+3.1%	9,7 ETP	+11.5%	8,7 ETP	+1.2%	8,6 ETP	+26.5%	6,8 ETP	-2.9%	7,0 ETP	-12.5%	8,0 ETP	+35.6%	5,9 ETP	-1.7%	6,0 ETP	0.0%	6,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Annique Levecque

Managing director

Active

Luc Levecque

Chairman of the board of directors

Active

Veronique Levecque

Director

Active

Ended mandates

Annique Levecque

Director

Ended

LEVECO

Director · 0457.391.721

Represented by Luc Levecque

Ended

LUC LEVECQUE

Managing director

Ended

Paluc

Director · 0455.098.264

Ended

At this address

Other companies at this address

Company	CBE no.
BOUTTENS● Active	0405.317.765
FECORNETTO● Active	0741.600.236
FIBOTRANS● Active	0413.814.569
HOCAN● Active	0741.599.246
KORFLOOR● Active	0421.175.483
LEVECO● Active	0457.391.721
MONTAMACHI● Active	0741.599.345

Annual accounts

Full financial information

	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	17/06/2026	03/07/2025	10/06/2024	27/06/2023	10/06/2022	13/06/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	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

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	31/12/2025	04/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	10/06/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	10/06/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	13/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	05/06/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	16/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	06/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	10/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 3 active · 8 ended

Active mandates

Annique Levecque

Managing director

Active

Luc Levecque

Chairman of the board of directors

Active

Veronique Levecque

Director

Active

Ended mandates

Annique Levecque

Director

Ended

LEVECO

Director · 0457.391.721

Represented by Luc Levecque

Ended

LUC LEVECQUE

Managing director

Ended

Paluc

Director · 0455.098.264

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other15/10/2004
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

2025
Annual accounts 2025346,4 k €↑
2024
Annual accounts 202428,1 k €↑
2023
Annual accounts 2023-230,8 k €↓
2022
Annual accounts 2022164 k €↓
2021
Annual accounts 2021538,3 k €↑
2020
Annual accounts 2020247,8 k €↓
2019
Annual accounts 2019323,9 k €↑
2018
Annual accounts 2018265,5 k €↓
2017
Annual accounts 2017304,1 k €↑
2016
Annual accounts 2016152,6 k €↓
2015
Annual accounts 2015178,1 k €↑
2014
Annual accounts 2014130,1 k €↑
2013
Annual accounts 201396,6 k €↑
2012
Annual accounts 201244,3 k €↓
2011
Annual accounts 2011128,6 k €↓
2010
Annual accounts 2010134 k €↑
2009
Annual accounts 200990,3 k €↑
2008
Annual accounts 200833,3 k €↑
2007
Annual accounts 200728,4 k €↑
2006
Annual accounts 2006-44,4 k €
07/10/2004
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

HORATEC

Overview

What does HORATEC do?

Trend over 20 financial years

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