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 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
IRON HORSE from Ingelmunster, company number BE0438215019, closed financial year 2024 with a result of € -18,384 after tax. For that financial year IRON HORSE recorded a gross margin of € 21,213 and equity of € -27,873. Compared with financial year 2023, the result moved from € -11,406 to € -18,384. 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 September 27, 2025.
€ -27,873
▼ € 18,384 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,384
▼ 61 % more loss than in 2023
Profit after tax over the fiscal year.
€ 28,007
▲ € 27,825 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -46,465.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1,727
▼ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 15,579 | € 13,678 | € 12,607 | € 21,213 | ▲ 68% |
| Profit after taxes | € 1,784 | € -4,600 | € -11,406 | € -18,384 | ▼ € 6,977 |
| Equity | € 6,517 | € 1,917 | € -9,489 | € -27,873 | ▼ € 18,384 |
| Total debts | € 11,244 | € 7,911 | € 12,023 | € 57,277 | ▲ € 45,254 |
| Cash | € 14,422 | € 8,268 | € 183 | € 28,007 | ▲ € 27,825 |
| Retained profit | € -12,075 | € -16,675 | € -28,081 | € -46,465 | ▼ € 18,384 |
| Balance sheet total | € 17,762 | € 9,829 | € 2,534 | € 29,404 | ▲ € 26,870 |
Key figures of IRON HORSE, 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 31 July 2026.
What happened to IRON HORSE?
What happened at IRON HORSE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 18,384. filed late Source: NBB ↗
- Claude SANCTOBIN became a director. NBB
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,784 profit in 2021 to € 18,384 loss in 2024.
Best year ever: 2021, with € 1,784 profit.
Management
Behind IRON HORSE is Claude SANCTOBIN.
Directors
According to the 2024 annual accounts
Claude SANCTOBIN
Director
since 1994
Establishments
Establishment units
Physical locations of this company
Zuidstraat 6 box A2
8770 Ingelmunster
Zuidstraat 6
8770 Ingelmunster
Active since 6 September 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.215.019
- VAT number
- BE 0438.215.019
- Registered office
- Zuidstraat 6 bus A2, 8770 Ingelmunster
- Names & denominations
- IRON HORSE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1989
- Peppol
- Not registered
- Activities · NACE
Cafés en bars
Cafés