Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HOREAL from Philippeville, company number BE0428961219, closed financial year 2025 with a result of € -16,170 after tax. For that financial year HOREAL recorded a gross margin of € -10,527 and equity of € -69,177. Compared with financial year 2024, the result moved from € -7,294 to € -16,170. The company made a loss. 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 July 24, 2026.
€ -69,177
▼ € 16,170 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,170
▼ 122 % more loss than in 2024
Profit after tax over the fiscal year.
€ 8,062
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -131,150.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,735
▼ 98% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 3,078
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5,182
▼ 37% vs 2024
Loans from banks and other lenders, long and short.
€ 16,316
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,077
▼ 83% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 114,367 | € 78,161 | € 77,486 | € -10,527 | ▼ € 88,013 |
| Profit after taxes | € -14,846 | € -25,042 | € -7,294 | € -16,170 | ▼ € 8,876 |
| Equity | € -20,670 | € -45,712 | € -53,007 | € -69,177 | ▼ € 16,170 |
| Total debts | € 67,559 | € 72,553 | € 96,722 | € 101,734 | ▲ 5% |
| Cash | € 19,650 | € 6,593 | € 10,143 | € 8,062 | ▼ 21% |
| Retained profit | € -82,643 | € -107,685 | € -114,980 | € -131,150 | ▼ € 16,170 |
| Bank debt | € 4,740 | € 6,962 | € 8,205 | € 5,182 | ▼ 37% |
| Balance sheet total | € 46,890 | € 26,841 | € 43,716 | € 32,557 | ▼ 26% |
Key figures of HOREAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HOREAL?
What happened at HOREAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,170. Source: NBB ↗
- New establishment in Philippeville. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,846 loss in 2022 to € 16,170 loss in 2025.
Paid € 1,982 in corporate taxes since 2022.
Management
Behind HOREAL is Fatma Abou-Saleh.
Directors
According to the 2025 annual accounts
Fatma Abou-Saleh
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Rue des Abreuvoirs(MER) 30
5600 Philippeville
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Website info
Features
Details
- Company number
- 0428.961.219
- VAT number
- BE 0428.961.219
- Registered office
- Rue des Abreuvoirs(MER) 30, 5600 Philippeville
- Names & denominations
- HOREAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 1986
- Peppol
- Active · Active since 6 Feb 2025
- Contact
- gsl-philippeville.be
- Activities · NACE
Activiteiten van mobiele eetgelegenheden
Vervaardiging van bereide maaltijden en schotels