What does Horafrost do?

Horafrost is a food producer in Staden. Public Limited, started on 26 March 1976, 2 establishments.

What is the address of Horafrost?

The registered office of Horafrost is located at Voermanstraat(STA) 5, 8840 Staden.

Is Horafrost still active?

Yes. According to the CBE (29 October 2026) Horafrost is active, legal situation “Normale toestand”, started on 26 March 1976.

Is Horafrost registered on Peppol?

Yes, Horafrost is registered on the Peppol network with ID 0208:0416216607.

What is the enterprise number of Horafrost?

The enterprise number of Horafrost is BE0416216607.

When was Horafrost founded?

Horafrost was founded on 26 March 1976.

Who are the directors of Horafrost?

According to the 2024 annual accounts, the directors of Horafrost are: VELDBLOMME NV, H.B.S. NV, Phiho BV, Servi NV.

Is Horafrost a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 March 1976; 4 annual accounts filed, latest fiscal year 2024; 4 directors known from the annual account; 2 establishments in the CBE.

How much profit did Horafrost make in 2024?

Horafrost posted a profit after taxes of € 9,748,702 in financial year 2024.

What is the revenue of Horafrost?

In its most recent annual accounts (2024), Horafrost reported revenue of € 78,954,779.

How much does an employee at Horafrost earn?

The average wage cost per full-time employee at Horafrost was € 53,200 in 2024: staff costs of € 4.5 million for 84.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Horafrost have?

According to the 2024 annual accounts, Horafrost has 84.9 full-time equivalents (FTE).

Horafrost (Public Limited) - Staden - BE0416216607

Dossier Horafrost, printed on 29 October 2026 from databakkes.be/en/0416216607/horafrost. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2024

Horafrost from Staden, company number BE0416216607, closed financial year 2024 with a result of € 9.7 million after tax. For that financial year Horafrost recorded revenue of € 79 million and equity of € 132.6 million. Compared with financial year 2023, the result moved from € 11.4 million to € 9.7 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2025.

What it is worth Growing

€ 132.6 million

▲ 3% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 9.7 million

▼ 15% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 795,913

▲ 22% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 5.5 million paid out

56 % of the profit went to the shareholders, mostly to Michel Hoflack en cie BV (100 % of the shares). That is where the money ends up.

People and assets in 2024

Full-time equivalents

84.9

▲ 5.3 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 17.6 million in 2024, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.5 million

▲ 11% vs 2023

€ 53,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 378,918

▲ 118% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 7.7 million

▲ 55% vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 42 days on average.

Taxes and wages

€ 1.1 million

▲ 75% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 53,925,812 Revenue 2021: € 53,925,812 First fiscal year in the series	€ 61,297,288 Revenue 2022: € 61,297,288 ▲ 14% vs 2021 (€ 53,925,812) Favourable step	€ 72,167,490 Revenue 2023: € 72,167,490 ▲ 18% vs 2022 (€ 61,297,288) Favourable step	€ 78,954,779 Revenue 2024: € 78,954,779 ▲ 9% vs 2023 (€ 72,167,490) Favourable step	▲ 9%
Profit after taxes	€ 3,862,058 Profit after taxes 2021: € 3,862,058 First fiscal year in the series	€ 3,227,162 Profit after taxes 2022: € 3,227,162 ▼ 16% vs 2021 (€ 3,862,058) Unfavourable step	€ 11,423,723 Profit after taxes 2023: € 11,423,723 ▲ 254% vs 2022 (€ 3,227,162) Favourable step	€ 9,748,702 Profit after taxes 2024: € 9,748,702 ▼ 15% vs 2023 (€ 11,423,723) Unfavourable step	▼ 15%
Equity	€ 121,411,761 Equity 2021: € 121,411,761 First fiscal year in the series	€ 122,824,533 Equity 2022: € 122,824,533 ▲ 1% vs 2021 (€ 121,411,761) Favourable step	€ 128,335,841 Equity 2023: € 128,335,841 ▲ 4% vs 2022 (€ 122,824,533) Favourable step	€ 132,600,654 Equity 2024: € 132,600,654 ▲ 3% vs 2023 (€ 128,335,841) Favourable step	▲ 3%
Total debts	€ 7,870,394 Total debts 2021: € 7,870,394 First fiscal year in the series	€ 7,245,699 Total debts 2022: € 7,245,699 ▼ 8% vs 2021 (€ 7,870,394) Favourable step	€ 11,777,355 Total debts 2023: € 11,777,355 ▲ 63% vs 2022 (€ 7,245,699) Unfavourable step	€ 14,266,668 Total debts 2024: € 14,266,668 ▲ 21% vs 2023 (€ 11,777,355) Unfavourable step	▲ 21%
Cash	€ 2,070,306 Cash 2021: € 2,070,306 First fiscal year in the series	€ 1,829,982 Cash 2022: € 1,829,982 ▼ 12% vs 2021 (€ 2,070,306) Unfavourable step	€ 651,449 Cash 2023: € 651,449 ▼ 64% vs 2022 (€ 1,829,982) Unfavourable step	€ 795,913 Cash 2024: € 795,913 ▲ 22% vs 2023 (€ 651,449) Favourable step	▲ 22%
Land & buildings	€ 3,277,550 Land & buildings 2021: € 3,277,550 First fiscal year in the series	€ 2,956,660 Land & buildings 2022: € 2,956,660 ▼ 10% vs 2021 (€ 3,277,550) Unchanged	€ 2,712,647 Land & buildings 2023: € 2,712,647 ▼ 8% vs 2022 (€ 2,956,660) Unchanged	€ 2,429,168 Land & buildings 2024: € 2,429,168 ▼ 10% vs 2023 (€ 2,712,647) Unchanged	▼ 10%
Retained profit	€ 121,062,190 Retained profit 2021: € 121,062,190 First fiscal year in the series	€ 122,475,545 Retained profit 2022: € 122,475,545 ▲ 1% vs 2021 (€ 121,062,190) Favourable step	€ 127,987,436 Retained profit 2023: € 127,987,436 ▲ 5% vs 2022 (€ 122,475,545) Favourable step	€ 132,252,832 Retained profit 2024: € 132,252,832 ▲ 3% vs 2023 (€ 127,987,436) Favourable step	▲ 3%
Dividend	€ 2,132,462 Dividend 2021: € 2,132,462 First fiscal year in the series	€ 1,813,808 Dividend 2022: € 1,813,808 ▼ 15% vs 2021 (€ 2,132,462) Unchanged	€ 5,911,832 Dividend 2023: € 5,911,832 ▲ 226% vs 2022 (€ 1,813,808) Unchanged	€ 5,483,306 Dividend 2024: € 5,483,306 ▼ 7% vs 2023 (€ 5,911,832) Unchanged	▼ 7%
Balance sheet total	€ 130,065,840 Balance sheet total 2021: € 130,065,840 First fiscal year in the series	€ 130,820,523 Balance sheet total 2022: € 130,820,523 ▲ 1% vs 2021 (€ 130,065,840) Unchanged	€ 140,566,043 Balance sheet total 2023: € 140,566,043 ▲ 7% vs 2022 (€ 130,820,523) Unchanged	€ 147,319,975 Balance sheet total 2024: € 147,319,975 ▲ 5% vs 2023 (€ 140,566,043) Unchanged	▲ 5%
Employees (FTE)	66.3 Employees (FTE) 2021: 66.3 First fiscal year in the series	72.7 Employees (FTE) 2022: 72.7 ▲ 6.4 vs 2021 (66.3) Unchanged	79.6 Employees (FTE) 2023: 79.6 ▲ 6.9 vs 2022 (72.7) Unchanged	84.9 Employees (FTE) 2024: 84.9 ▲ 5.3 vs 2023 (79.6) Unchanged	▲ 5.3

Key figures of Horafrost, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 July 2026.

What happened to Horafrost?

What happened at Horafrost in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 17, 2025 New annual accounts for financial year 2024: profit of € 9.7 million (▼ 15% vs 2023). Source: NBB ↗
2025 VELDBLOMME NV stepped down as director. NBB
2025 H.B.S. NV stepped down as director. NBB
2025 Phiho BV stepped down as director. NBB
2025 Servi NV stepped down as director. NBB
2021 Phiho BV became a director. NBB
2019 VELDBLOMME NV became a director. NBB
2019 H.B.S. NV became a director. NBB