ACTIVE

HORGA Consulting

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Financial year 2025 · closed on 31/12/2025
Net result
26,2 k €
+46.8% YoY
Gross margin
64,8 k €
+34.1% YoY
Equity
33,2 k €
-51.1% YoY

What does HORGA Consulting do?

HORGA Consulting is a Private limited company incorporated in 2008. Its main activity is: Computer consultancy activities. Its registered office is in Braine-l'Alleud.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0895.189.541
Incorporation
22/01/2008
Legal form
Private limited company
Registered office
Av Alph Allard 268
1420 Braine-l'Alleud · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities62090Other information technology and computer service activities62900Computer programming, consultancy and related activities63100Data processing, hosting and related activities; web portals63110Data processing, hosting and related activities+6
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin64,8 k €48,3 k €8,5 k €40,2 k €34,7 k €72,4 k €20,6 k €-2,4 k €37,2 k €33,8 k €21,1 k €22,8 k €29,3 k €20,2 k €38,8 k €26,1 k €46,9 k €63,5 k €
EBITDA64,1 k €47,7 k €7,7 k €38,9 k €31,8 k €69,6 k €19,3 k €-3,5 k €35,4 k €32,4 k €19,3 k €21,3 k €26,6 k €16,4 k €35,3 k €22,5 k €45 k €59,9 k €
Operating result52,5 k €29,3 k €22,1 k €4,4 k €21,7 k €64,3 k €10,2 k €-9,9 k €31,1 k €30,6 k €18,2 k €13,8 k €18,8 k €8,7 k €33,5 k €-8,8 k €34,6 k €50,5 k €
Net result26,2 k €17,9 k €-13,8 k €-5,6 k €15,7 k €45,5 k €8,1 k €-8 k €19,6 k €18,9 k €7,7 k €4,4 k €7 k €2 k €19,7 k €-12,9 k €23 k €28,7 k €
Balance sheet
Equity33,2 k €68 k €57,6 k €71,4 k €127,4 k €111,7 k €66,2 k €69,1 k €77 k €57,4 k €38,6 k €30,9 k €26,4 k €19,5 k €17,5 k €17,8 k €30,7 k €7,6 k €
Total assets112,9 k €103 k €69,6 k €171,6 k €136,1 k €125,3 k €147,6 k €94,6 k €91,6 k €78,5 k €45 k €180,4 k €179 k €172,2 k €199 k €180,6 k €63,1 k €79,8 k €
Cash62,1 k €45,6 k €16,1 k €22,4 k €34,2 k €51,3 k €0,4 €–749 €–3,8 k €––––392 €–44,2 k €
Debts63,9 k €19,8 k €4,4 k €67,9 k €8,7 k €13,6 k €81,4 k €25,5 k €14,5 k €20,8 k €6,4 k €149,3 k €152,2 k €152,7 k €181,1 k €162,8 k €32 k €72,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Dan Fabian HORGA

Director · since 22 janvier 2008

Active

Ended mandates

DAN FABIAN HORGA

Manager · since 22 janvier 2008

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202630/07/202510/05/202427/07/202312/07/202229/07/2021
General meeting03/06/202616/05/202520/03/202430/06/202320/05/202221/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202503/06/202630/06/2026FrenchPDF
Micro model31/12/202416/05/202530/07/2025FrenchPDF
Micro model31/12/202320/03/202410/05/2024FrenchPDF
Micro model31/12/202230/06/202327/07/2023FrenchPDF
Micro model31/12/202120/05/202212/07/2022FrenchPDF
Micro model31/12/202021/05/202129/07/2021FrenchPDF
Micro model31/12/201917/06/202022/06/2020FrenchPDF
Micro model31/12/201825/05/201928/08/2019FrenchPDF
Micro model31/12/201725/05/201820/08/2018FrenchPDF
Micro model31/12/201625/05/201716/08/2017FrenchPDF
Abridged model31/12/201525/05/201630/08/2016FrenchPDF
Abridged model31/12/201425/05/201502/07/2015FrenchPDF
Abridged model31/12/201315/05/201425/09/2014FrenchPDF
Abridged model31/12/201215/06/201309/07/2013FrenchPDF
Abridged model31/12/201115/05/201222/08/2012FrenchPDF
Abridged model31/12/201020/05/201130/09/2011FrenchPDF
Abridged model31/12/200915/05/201023/08/2010FrenchPDF
Abridged model31/12/200815/05/200923/07/2009FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Dan Fabian HORGA

Director · since 22 janvier 2008

Active

Ended mandates

DAN FABIAN HORGA

Manager · since 22 janvier 2008

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 202526,2 k €↑
  2. 2024
    Annual accounts 202417,9 k €↑
  3. 2023
    Annual accounts 2023-13,8 k €↓
  4. 2022
    Annual accounts 2022-5,6 k €↓
  5. 2021
    Annual accounts 202115,7 k €↓
  6. 2020
    Annual accounts 202045,5 k €↑
  7. 2019
    Annual accounts 20198,1 k €↑
  8. 2018
    Annual accounts 2018-8 k €↓
  9. 2017
    Annual accounts 201719,6 k €↑
  10. 2016
    Annual accounts 201618,9 k €↑
  11. 2015
    Annual accounts 20157,7 k €↑
  12. 2014
    Annual accounts 20144,4 k €↓
  13. 2013
    Annual accounts 20137 k €↑
  14. 2012
    Annual accounts 20122 k €↓
  15. 2011
    Annual accounts 201119,7 k €↑
  16. 2010
    Annual accounts 2010-12,9 k €↓
  17. 2009
    Annual accounts 200923 k €↓
  18. 2008
    Annual accounts 200828,7 k €
  19. 22/01/2008
    IncorporationPrivate limited company