What does HORSE OF BELGIUM do?

HORSE OF BELGIUM is a farm in Leuze-en-Hainaut. Private Limited, started on 1 November 1989, 1 establishment.

What is the address of HORSE OF BELGIUM?

The registered office of HORSE OF BELGIUM is located at Rue du Maréchal(PX) 23B, 7904 Leuze-en-Hainaut.

Is HORSE OF BELGIUM still active?

Yes. According to the CBE (31 October 2026) HORSE OF BELGIUM is active, legal situation “Normale toestand”, started on 1 November 1989.

Is HORSE OF BELGIUM registered on Peppol?

Yes, HORSE OF BELGIUM is registered on the Peppol network with ID 0208:0438773758.

What is the enterprise number of HORSE OF BELGIUM?

The enterprise number of HORSE OF BELGIUM is BE0438773758.

When was HORSE OF BELGIUM founded?

HORSE OF BELGIUM was founded on 1 November 1989.

Who are the directors of HORSE OF BELGIUM?

According to the 2025 annual accounts, the directors of HORSE OF BELGIUM are: Nicolas Boudrenghien.

Is HORSE OF BELGIUM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 November 1989; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did HORSE OF BELGIUM make in 2025?

HORSE OF BELGIUM posted a profit after taxes of € 182,248 in financial year 2025.

What is the revenue of HORSE OF BELGIUM?

As a small company, HORSE OF BELGIUM is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 426,728.

How much does an employee at HORSE OF BELGIUM earn?

The average wage cost per full-time employee at HORSE OF BELGIUM was € 28,600 in 2025: staff costs of € 105,907 for 3.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does HORSE OF BELGIUM have?

According to the 2025 annual accounts, HORSE OF BELGIUM has 3.7 full-time equivalents (FTE).

Does HORSE OF BELGIUM have a website?

Yes, HORSE OF BELGIUM has a website at horseofbelgium.com.

HORSE OF BELGIUM (Private Limited) - Leuze-en-Hainaut

Dossier HORSE OF BELGIUM, printed on 1 November 2026 from databakkes.be/en/0438773758/horse-of-belgium. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

HORSE OF BELGIUM from Leuze-en-Hainaut, company number BE0438773758, closed financial year 2025 with a result of € 182,248 after tax. For that financial year HORSE OF BELGIUM recorded a gross margin of € 426,728 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 272,777 to € 182,248. 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 September 30, 2026.

What it is worth Growing

€ 1.5 million

▲ 14% vs 2024

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

Profit Healthy

€ 182,248

▼ 33% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 490,737

▼ 38% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.5 million.

People and assets in 2025

Full-time equivalents

3.7

▲ 0.9 vs 2024

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

Wage cost

€ 105,907

▲ 34% vs 2024

€ 28,600 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

€ 169,141

▲ 279% vs 2024

Of which on lease € 76,584.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 68,476

▲ € 67,434 vs 2024

€ 20,354 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 52,027

▼ 45% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 24,970

▼ 29% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 176,337 Gross margin 2022: € 176,337 First fiscal year in the series	€ 534,023 Gross margin 2023: € 534,023 ▲ 203% vs 2022 (€ 176,337) Favourable step	€ 526,971 Gross margin 2024: € 526,971 ▼ 1% vs 2023 (€ 534,023) Unfavourable step	€ 426,728 Gross margin 2025: € 426,728 ▼ 19% vs 2024 (€ 526,971) Unfavourable step	▼ 19%
Profit after taxes	€ 56,410 Profit after taxes 2022: € 56,410 First fiscal year in the series	€ 303,802 Profit after taxes 2023: € 303,802 ▲ € 247,393 vs 2022 (€ 56,410) Favourable step	€ 272,777 Profit after taxes 2024: € 272,777 ▼ 10% vs 2023 (€ 303,802) Unfavourable step	€ 182,248 Profit after taxes 2025: € 182,248 ▼ 33% vs 2024 (€ 272,777) Unfavourable step	▼ 33%
Equity	€ 728,488 Equity 2022: € 728,488 First fiscal year in the series	€ 1,032,290 Equity 2023: € 1,032,290 ▲ 42% vs 2022 (€ 728,488) Favourable step	€ 1,305,067 Equity 2024: € 1,305,067 ▲ 26% vs 2023 (€ 1,032,290) Favourable step	€ 1,487,315 Equity 2025: € 1,487,315 ▲ 14% vs 2024 (€ 1,305,067) Favourable step	▲ 14%
Total debts	€ 430,679 Total debts 2022: € 430,679 First fiscal year in the series	€ 500,279 Total debts 2023: € 500,279 ▲ 16% vs 2022 (€ 430,679) Unfavourable step	€ 670,023 Total debts 2024: € 670,023 ▲ 34% vs 2023 (€ 500,279) Unfavourable step	€ 444,553 Total debts 2025: € 444,553 ▼ 34% vs 2024 (€ 670,023) Favourable step	▼ 34%
Cash	€ 367,525 Cash 2022: € 367,525 First fiscal year in the series	€ 615,628 Cash 2023: € 615,628 ▲ 68% vs 2022 (€ 367,525) Favourable step	€ 785,940 Cash 2024: € 785,940 ▲ 28% vs 2023 (€ 615,628) Favourable step	€ 490,737 Cash 2025: € 490,737 ▼ 38% vs 2024 (€ 785,940) Unfavourable step	▼ 38%
Land & buildings	€ 214,922 Land & buildings 2022: € 214,922 First fiscal year in the series	€ 199,243 Land & buildings 2023: € 199,243 ▼ 7% vs 2022 (€ 214,922) Unchanged	€ 201,950 Land & buildings 2024: € 201,950 ▲ 1% vs 2023 (€ 199,243) Unchanged	€ 350,432 Land & buildings 2025: € 350,432 ▲ 74% vs 2024 (€ 201,950) Unchanged	▲ 74%
Retained profit	€ 709,888 Retained profit 2022: € 709,888 First fiscal year in the series	€ 1,013,690 Retained profit 2023: € 1,013,690 ▲ 43% vs 2022 (€ 709,888) Favourable step	€ 1,286,467 Retained profit 2024: € 1,286,467 ▲ 27% vs 2023 (€ 1,013,690) Favourable step	€ 1,468,715 Retained profit 2025: € 1,468,715 ▲ 14% vs 2024 (€ 1,286,467) Favourable step	▲ 14%
Bank debt	€ 31,587 Bank debt 2022: € 31,587 First fiscal year in the series	€ 31,727 Bank debt 2023: € 31,727 Unchanged (€ 31,587) Unfavourable step	€ 1,041 Bank debt 2024: € 1,041 ▼ 97% vs 2023 (€ 31,727) Favourable step	€ 68,476 Bank debt 2025: € 68,476 ▲ € 67,434 vs 2024 (€ 1,041) Unfavourable step	▲ € 67,434
Balance sheet total	€ 1,159,167 Balance sheet total 2022: € 1,159,167 First fiscal year in the series	€ 1,532,569 Balance sheet total 2023: € 1,532,569 ▲ 32% vs 2022 (€ 1,159,167) Unchanged	€ 1,975,090 Balance sheet total 2024: € 1,975,090 ▲ 29% vs 2023 (€ 1,532,569) Unchanged	€ 1,931,869 Balance sheet total 2025: € 1,931,869 ▼ 2% vs 2024 (€ 1,975,090) Unchanged	▼ 2%
Employees (FTE)	-	2.3 Employees (FTE) 2023: 2.3 First fiscal year in the series	2.8 Employees (FTE) 2024: 2.8 ▲ 0.5 vs 2023 (2.3) Unchanged	3.7 Employees (FTE) 2025: 3.7 ▲ 0.9 vs 2024 (2.8) Unchanged	▲ 0.9

Key figures of HORSE OF BELGIUM, 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 HORSE OF BELGIUM?

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

Sep 30, 2026 New annual accounts for financial year 2025: profit of € 182,248 (▼ 33% vs 2024). filed late Source: NBB ↗
2010 Nicolas Boudrenghien became a director. NBB
Nov 9, 1989 New establishment in Leuze-en-Hainaut. KBO
Nov 1, 1989 Start of the company according to the CBE. KBO

In short

From € 56,410 profit in 2022 to € 182,248 profit in 2025.

Paid € 290,699 in corporate taxes since 2022.

Best year ever: 2023, with € 303,802 profit.

On average € 115,300 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Nicolas Boudrenghien

HORSE OF BELGIUM

Behind HORSE OF BELGIUM is Nicolas Boudrenghien.

Directors

According to the 2025 annual accounts

Nicolas Boudrenghien

Director

since 2010

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Maréchal(PX) 23B

7904 Leuze-en-Hainaut

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS horseofbelgium.com

Canonical: https://www.horseofbelgium.com/nl/

Technologies

Cookie ConsentFont AwesomeNginxPHPStimulus

Hosting & Email

Email provider

Self-hosted

Hosting

COMBELL-AS, BE

Domain

horseofbelgium.com

Registered

2006-08-04

Registrar

Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA

Expires

2026-08-04

Website info

HTTPS Ja

Languages EN, FR, NL

Features

Security

✓ HTTPS

✓ SPF

✗ DMARC

Network

✓ IPv6

Details

Company number

0438.773.758

VAT number

BE 0438.773.758

Registered office

Rue du Maréchal(PX) 23B, 7904 Leuze-en-Hainaut

Names & denominations

HORSE OF BELGIUM

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 November 1989

Peppol

Active · Active since 12 Feb 2025

Contact

horseofbelgium.com

Activities · NACE

Fokken en houden van melkvee

Rundveehouderij

Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij

Activiteiten van paardensportclubs

Fokken en houden van andere runderen en buffels

Ondersteunende activiteiten in verband met de veeteelt

Groothandel in levende dieren, muv levend vee

Fokken en houden van paarden en andere paardachtigen

View on CBE Public ↗ Annual accounts (NBB) ↗

HORSE OF BELGIUM

Financials

What happened to HORSE OF BELGIUM?

Management

Directors

Establishments

Establishment units

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Network

Details

Frequently asked questions