Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 15.9 to 13.6.
Financials
Financial year 2025
PHILIPPAERTS - We Live Horses from Oudsbergen, company number BE0441358314, closed financial year 2025 with a result of € 3 million after tax. For that financial year PHILIPPAERTS - We Live Horses recorded revenue of € 25.7 million and equity of € 10.9 million. Compared with financial year 2024, the result moved from € 1.1 million to € 3 million. Profitable, and profit is growing. 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 June 1, 2026.
€ 10.9 million
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3 million
▲ 168% vs 2024
Profit after tax over the fiscal year.
€ 1.8 million
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 297,039 paid out
10 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
13.6
▼ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 794,398
▲ 4% vs 2024
€ 58,400 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.
€ 513,621
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11.8 million
▲ 35% vs 2024
€ 454,694 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1.9 million
▲ 118% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 68,416
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 16,374,860 | € 17,315,022 | € 25,708,103 | ▲ 48% |
| Gross margin | € 2,349,110 | - | - | - | |
| Profit after taxes | € 761,706 | € 1,647,183 | € 1,122,601 | € 3,007,613 | ▲ 168% |
| Equity | € 6,431,735 | € 7,103,382 | € 8,225,983 | € 10,936,557 | ▲ 33% |
| Total debts | € 8,089,872 | € 9,652,871 | € 10,231,861 | € 14,136,338 | ▲ 38% |
| Cash | € 1,541,635 | € 1,814,455 | € 2,327,726 | € 1,823,386 | ▼ 22% |
| Land & buildings | € 3,718,216 | € 3,540,111 | € 5,134,637 | € 9,154,878 | ▲ 78% |
| Retained profit | € 6,325,735 | € 6,997,382 | € 8,119,983 | € 10,830,557 | ▲ 33% |
| Dividend | € 0 | € 1,000,000 | € 0 | € 297,039 | |
| Bank debt | € 6,465,036 | € 7,686,250 | € 8,779,433 | € 11,822,467 | ▲ 35% |
| Balance sheet total | € 14,586,354 | € 16,793,156 | € 18,491,366 | € 25,103,037 | ▲ 36% |
| Employees (FTE) | 14.5 | 15.9 | 15.6 | 13.6 | ▼ 2 |
Key figures of PHILIPPAERTS - We Live Horses, 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 PHILIPPAERTS - We Live Horses?
What happened at PHILIPPAERTS - We Live Horses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3 million (▲ 168% vs 2024). Source: NBB ↗
- PHILIPPAERTS EXPORT BV became a director. NBB
- IV HERMANOS BV became a director. NBB
- Veronique Engelen became a director. NBB
- New establishment in Oudsbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 761,706 profit in 2022 to € 3 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 3 million profit.
On average € 162,000 of value added per employee in 2022.
A new publication or filing at PHILIPPAERTS - We Live Horses? We notify you, reason included.
Follow PHILIPPAERTS - We Live HorsesDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
The stake of IV HERMANOS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PHILIPPAERTS - We Live HorsesBehind PHILIPPAERTS - We Live Horses are IV HERMANOS BV, PHILIPPAERTS EXPORT BV and Veronique Engelen. The shares are held by IV HERMANOS (33.3%).
Directors
According to the 2025 annual accounts
Director · represented by Olivier Philippaerts
since 2024
Director · represented by Ludo Phillipaerts
since 2025
since 2014
Shareholders
33.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oudsbergerweg 99
3670 Oudsbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0441.358.314
- VAT number
- BE 0441.358.314
- Registered office
- Oudsbergerweg 99, 3670 Oudsbergen
- Names & denominations
- PHILIPPAERTS - We Live Horses
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 September 1990
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Ondersteunende activiteiten in verband met de veeteelt
Diensten in verband met de veeteelt, exclusief veterinaire dienstverlening
Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij
Fokken en houden van paarden en andere paardachtigen
Groothandel in levende dieren, muv levend vee
Fokken en houden van schapen en geiten
Exploitatie van sportaccommodaties