ACTIVE

Horse Consulting

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Financial year 2025 · closed on 31/12/2025
Net result
-316,3 €
-101.9% YoY
Gross margin
17,9 k €
-60.6% YoY
Equity
227,8 k €
-0.1% YoY

What does Horse Consulting do?

Horse Consulting is a Limited partnership incorporated in 2008. Its main activity is: Market research and public opinion polling. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0898.708.661
Incorporation
20/06/2008
Legal form
Limited partnership
Registered office
Azaleastraat 109
9040 Gent · FlandreSee on map
Contributed capital
1 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
73200Market research and public opinion polling· main73200Market research and public opinion polling70210Public relations and communication activities73300Advertising and market research82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024201720162015201420132012201120102009
Income statement
Gross margin17,9 k €45,4 k €-2,1 k €41,2 k €34,2 k €11,7 k €23,1 k €36,7 k €35,1 k €19,7 k €38,5 k €
EBITDA17,4 k €44,2 k €-4,4 k €38,7 k €31,2 k €8,4 k €20,5 k €34 k €25,5 k €19,4 k €35 k €
Operating result275,4 €27 k €-9,8 k €35,7 k €26,6 k €3,9 k €16,9 k €30,8 k €22,8 k €16,2 k €30 k €
Net result-316,3 €16,8 k €-11 k €21,8 k €21,1 k €2,1 k €6,7 k €17,5 k €12,9 k €9,3 k €19,3 k €
Balance sheet
Equity227,8 k €228,1 k €60,8 k €71,8 k €50 k €38,9 k €36,7 k €30 k €32,5 k €19,6 k €20,3 k €
Total assets341,4 k €375,1 k €115,3 k €89,4 k €69,2 k €74,2 k €85 k €68,9 k €102,9 k €73,7 k €47 k €
Cash47,3 k €14,3 k €28,3 k €32,5 k €14,2 k €21,5 k €34 k €46,3 k €52,3 k €25,7 k €28,5 k €
Debts113,6 k €147,1 k €54,5 k €17,6 k €19,2 k €35,4 k €48,3 k €38,8 k €70,4 k €54,1 k €26,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2019 · 1 active · 3 ended

Active mandates

Mohamed Zouina

Director · since 01 avril 2008

Active

Ended mandates

Mohamed Zouina

Manager · since 14 août 2008

Ended
Mohammed Zouina

Manager

Ended
Zouina Mohamed

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Belgian National Organisation for Regenerative Medicine● Active
0765.619.713
Annual accounts

Full financial information

202520242019201720162015
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/201901/01/201701/01/201601/01/2015
Closing of the financial year31/12/202531/12/202431/12/201931/12/201731/12/201631/12/2015
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202631/08/202530/11/202031/07/201830/08/201730/08/2016
General meeting30/06/202630/06/202528/09/202009/05/201810/05/201711/05/2016
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202631/08/2026DutchPDF
Micro model31/12/202430/06/202531/08/2025DutchPDF
Abridged model31/12/201928/09/202030/11/2020DutchPDF
Abridged model31/12/201709/05/201831/07/2018DutchPDF
Abridged model31/12/201610/05/201730/08/2017DutchPDF
Abridged model31/12/201511/05/201630/08/2016DutchPDF
Abridged model31/12/201413/05/201521/08/2015DutchPDF
Abridged model31/12/201314/05/201421/08/2014DutchPDF
Abridged model31/12/201208/05/201322/08/2013DutchPDF
Abridged model31/12/201114/05/201224/08/2012DutchPDF
Abridged model31/12/201009/05/201130/08/2011DutchPDF
Abridged model31/12/200910/05/201020/08/2010DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2019 · 1 active · 3 ended

Active mandates

Mohamed Zouina

Director · since 01 avril 2008

Active

Ended mandates

Mohamed Zouina

Manager · since 14 août 2008

Ended
Mohammed Zouina

Manager

Ended
Zouina Mohamed

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other05/08/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other01/07/2008
    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

Timeline

  1. 2025
    Annual accounts 2025-316,3 €↓
  2. 2024
    Annual accounts 202416,8 k €↑
  3. 2017
    Annual accounts 2017-11 k €↓
  4. 2016
    Annual accounts 201621,8 k €↑
  5. 2015
    Annual accounts 201521,1 k €↑
  6. 2014
    Annual accounts 20142,1 k €↓
  7. 2013
    Annual accounts 20136,7 k €↓
  8. 2012
    Annual accounts 201217,5 k €↑
  9. 2011
    Annual accounts 201112,9 k €↑
  10. 2010
    Annual accounts 20109,3 k €↓
  11. 2009
    Annual accounts 200919,3 k €
  12. 20/06/2008
    IncorporationLimited partnership