Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORPA from Koksijde, company number BE0418199761, closed financial year 2025 with a result of € 59,906 after tax. For that financial year HORPA recorded a gross margin of € 69,278 and equity of € -73,428. Compared with financial year 2024, the result moved from € -191,998 to € 59,906. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 8, 2026.
€ -73,428
▲ € 59,906 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 59,906
▲ still € 191,998 loss in 2024
Profit after tax over the fiscal year.
€ 36
▲ € 33 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -92,020.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 750
▲ 5% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 169
▼ 81% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 84,015
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,385
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,045 | € 117,329 | € 9,970 | € 69,278 | ▲ € 59,308 |
| Profit after taxes | € 9,540 | € 76,210 | € -191,998 | € 59,906 | ▲ € 251,904 |
| Equity | € -5,547 | € 58,663 | € -133,335 | € -73,428 | ▲ € 59,906 |
| Total debts | € 5,547 | € 112,624 | € 155,660 | € 123,400 | ▼ 21% |
| Cash | € 0 | € 4 | € 3 | € 36 | ▲ € 33 |
| Retained profit | € -24,139 | € 40,071 | € -151,927 | € -92,020 | ▲ € 59,906 |
| Dividend | € 0 | € 12,000 | € 0 | € 0 | |
| Balance sheet total | € 0 | € 171,287 | € 22,325 | € 49,972 | ▲ 124% |
Key figures of HORPA, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to HORPA?
What happened at HORPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 59,906. Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 9,540 profit in 2021 to € 59,906 profit in 2025.
Paid € 17,033 in corporate taxes since 2021.
Best year ever: 2023, with € 76,210 profit.
Paid out € 12,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Kris Degryse
Director
Establishments
Establishment units
Physical locations of this company
Artanpad(Kok) 2
8670 Koksijde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.199.761
- VAT number
- BE 0418.199.761
- Registered office
- Artanpad(Kok) 2, 8670 Koksijde
- Names & denominations
- HORPA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 1978
- Peppol
- Active · Active since 23 Sept 2025
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