NORMAL SITUATION

HORCALEASE

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Financial year 2023 · closed on 30/11/2023

Net result

33,9 k €

+121.7% YoY

Gross margin

57,1 k €

-13.5% YoY

Equity

1,8 M €

+1.9% YoY

Company — Normal situation.

What does HORCALEASE do?

HORCALEASE is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.915.326

Legal form

Public limited company

Contributed capital

62 500,00 €

Latest accounts

30/11/2023

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	57,1 k €	-13.5%	66 k €	+91.4%	34,5 k €	-94.4%	614,1 k €	+4.0%	590,5 k €	-31.0%	855,8 k €	-73.6%	3,2 M €	+740%	386,2 k €	-10.9%	433,6 k €	+26.7%	342,2 k €	-35.0%	526,7 k €	+62.5%	324,1 k €	-34.2%	492,7 k €	+60.4%	307,1 k €	-17.4%	372 k €	+73.5%	214,4 k €
EBITDA	54,8 k €	-13.9%	63,6 k €	+89.3%	33,6 k €	-94.5%	612,8 k €	+5.2%	582,3 k €	-29.6%	827,3 k €	-74.5%	3,2 M €	+743%	384,9 k €	-10.9%	432,1 k €	+34.9%	320,5 k €	-39.0%	525,4 k €	+62.7%	322,9 k €	-34.2%	490,9 k €	+60.7%	305,5 k €	-16.7%	366,8 k €	+71.6%	213,7 k €
Operating result	-25,5 k €	-53.2%	-16,6 k €	+64.3%	-46,6 k €	-109%	526 k €	+12.0%	469,6 k €	-28.8%	659,7 k €	-77.2%	2,9 M €	+1093%	-291,7 k €	-72.6%	-169 k €	+47.3%	-320,6 k €	-191%	-110,2 k €	+23.3%	-143,6 k €	-1059%	15 k €	+113%	-116 k €	-128%	-50,9 k €	+42.9%	-89 k €
Net result	33,9 k €	+122%	-156,1 k €	-107%	-75,3 k €	-126%	286,2 k €	-10.4%	319,3 k €	-26.5%	434,2 k €	-81.9%	2,4 M €	+924%	-291,4 k €	-49.6%	-194,7 k €	+42.5%	-338,9 k €	-166%	-127,3 k €	-18.6%	-107,3 k €	+34.3%	-163,2 k €	-164%	-61,9 k €	+44.8%	-112 k €	-19.3%	-93,8 k €
Balance sheet
Equity	1,8 M €	+1.9%	1,7 M €	-8.2%	1,9 M €	-5.5%	2 M €	+16.6%	1,7 M €	+22.7%	1,4 M €	+44.6%	972,6 k €	+168%	-1,4 M €	-25.6%	-1,1 M €	-20.7%	-941,9 k €	-56.2%	-603 k €	-26.8%	-475,7 k €	-29.1%	-368,4 k €	-79.5%	-205,2 k €	-43.2%	-143,3 k €	-357%	-31,3 k €
Total assets	1,8 M €	+2.3%	1,8 M €	-7.8%	1,9 M €	-12.0%	2,2 M €	-70.7%	7,4 M €	+3.2%	7,2 M €	+2.6%	7 M €	+69.9%	4,1 M €	-6.9%	4,4 M €	-23.6%	5,8 M €	-5.0%	6,1 M €	+58.0%	3,9 M €	-6.0%	4,1 M €	+11.3%	3,7 M €	-1.6%	3,7 M €	-8.6%	4,1 M €
Cash	569,7 k €	+3.6%	550,1 k €	-13.8%	638,2 k €	-35.6%	990,8 k €	-83.8%	6,1 M €	+5.0%	5,8 M €	+3.1%	5,7 M €	+352%	1,3 M €	-39.4%	2,1 M €	-16.4%	2,5 M €	+548%	381,4 k €	-66.3%	1,1 M €	+112%	534,9 k €	+14.7%	466,4 k €	+142%	192,8 k €	+34.2%	143,7 k €
Debts	24,3 k €	+42.0%	17,1 k €	+50.8%	11,4 k €	-93.0%	161,8 k €	-97.2%	5,7 M €	-1.6%	5,8 M €	-4.2%	6 M €	+8.7%	5,6 M €	-0.2%	5,6 M €	-16.9%	6,7 M €	+0.1%	6,7 M €	+54.4%	4,3 M €	-3.1%	4,5 M €	+14.9%	3,9 M €	+0.0%	3,9 M €	-5.9%	4,1 M €

Governance

Board of directors

Seen on filing of 30/11/2023 · 2 active · 21 ended

Active mandates

Jerome VERSPIEREN

Director · since 30 mars 2021 · until 11 mai 2026

Active

Julien VERSPIEREN

Managing director · since 30 mars 2021 · until 11 mai 2026

Active

Ended mandates

Guillaume VERSPIEREN

Managing director · since 20 juin 2017 · until 08 mai 2023

Ended

Jerôme Verspieren

Director · since 20 juin 2017 · until 08 mai 2023

Ended

Julien VERSPIEREN

Director · since 20 juin 2017 · until 08 mai 2023

Ended

Julien Verspieren

Director · since 02 juin 2017 · until 08 mai 2023

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2022	01/12/2021	01/12/2020	01/12/2019	01/12/2018	01/12/2017
Closing of the financial year	30/11/2023	30/11/2022	30/11/2021	30/11/2020	30/11/2019	30/11/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/07/2024	29/06/2023	04/07/2022	27/08/2021	17/09/2020	09/08/2019
General meeting	27/03/2024	08/05/2023	09/05/2022	10/05/2021	11/05/2020	13/05/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2023	27/03/2024	01/07/2024	French	PDF
Abridged model	30/11/2022	08/05/2023	29/06/2023	French	PDF
Abridged model	30/11/2021	09/05/2022	04/07/2022	French	PDF
Abridged model	30/11/2020	10/05/2021	27/08/2021	French	PDF
Abridged model	30/11/2019	11/05/2020	17/09/2020	French	PDF
Abridged model	30/11/2018	13/05/2019	09/08/2019	French	PDF
Abridged model	30/11/2017	14/05/2018	06/08/2018	French	PDF
Abridged model	30/11/2016	08/05/2017	20/07/2017	French	PDF
Abridged model	30/11/2015	09/05/2016	27/07/2016	French	PDF
Abridged model	30/11/2014	11/05/2015	29/06/2015	French	PDF
Abridged model	30/11/2013	14/05/2014	20/06/2014	French	PDF
Abridged model	30/11/2012	13/05/2013	21/06/2013	French	PDF
Abridged model	30/11/2011	14/05/2012	22/06/2012	French	PDF
Abridged model	30/11/2010	09/05/2011	17/06/2011	French	PDF
Abridged model	30/11/2009	10/05/2010	22/06/2010	French	PDF
Abridged model	30/11/2008	11/05/2009	15/07/2009	French	PDF
Abridged model	30/11/2007	12/05/2008	22/07/2008	French	PDF
Abridged model	30/11/2006	14/05/2007	15/06/2007	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 30/11/2023 · 2 active · 21 ended

Active mandates

Jerome VERSPIEREN

Director · since 30 mars 2021 · until 11 mai 2026

Active

Julien VERSPIEREN

Managing director · since 30 mars 2021 · until 11 mai 2026

Active

Ended mandates

Guillaume VERSPIEREN

Managing director · since 20 juin 2017 · until 08 mai 2023

Ended

Jerôme Verspieren

Director · since 20 juin 2017 · until 08 mai 2023

Ended

Julien VERSPIEREN

Director · since 20 juin 2017 · until 08 mai 2023

Ended

Julien Verspieren

Director · since 02 juin 2017 · until 08 mai 2023

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2023
Annual accounts 202333,9 k €↑
2022
Annual accounts 2022-156,1 k €↓
2021
Annual accounts 2021-75,3 k €↓
2018
Annual accounts 2018286,2 k €↓
2017
Annual accounts 2017319,3 k €↓
2016
Annual accounts 2016434,2 k €↓
2015
Annual accounts 20152,4 M €↑
2014
Annual accounts 2014-291,4 k €↓
2013
Annual accounts 2013-194,7 k €↑
2012
Annual accounts 2012-338,9 k €↓
2011
Annual accounts 2011-127,3 k €↓
2010
Annual accounts 2010-107,3 k €↑
2009
Annual accounts 2009-163,2 k €↓
2008
Annual accounts 2008-61,9 k €↑
2007
Annual accounts 2007-112 k €↓
2006
Annual accounts 2006-93,8 k €

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

HORCALEASE

Overview

What does HORCALEASE do?

Trend over 16 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline