Financials
Financial year 2025
The Horses from Zwevegem, company number BE0445059259, closed financial year 2025 with a result of € 12,950 after tax. For that financial year The Horses recorded a gross margin of € 47,538 and equity of € 27,553. Compared with financial year 2024, the result moved from € 257 to € 12,950. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 27,553
▲ 89% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,950
▲ € 12,693 vs 2024
Profit after tax over the fiscal year.
€ 24,512
▲ 41% 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 € 8,953.
People and assets in 2025
€ 16,214
▼ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,633
▲ 1% 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.
€ 7,482
▲ € 6,333 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,877
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 29,765 | € 59,543 | € 39,540 | € 47,538 | ▲ 20% |
| Profit after taxes | € -895 | € 18,264 | € 257 | € 12,950 | ▲ € 12,693 |
| Equity | € -3,918 | € 14,347 | € 14,603 | € 27,553 | ▲ 89% |
| Total debts | € 127,092 | € 120,217 | € 84,628 | € 87,450 | ▲ 3% |
| Cash | € 3,007 | € 45,387 | € 17,423 | € 24,512 | ▲ 41% |
| Land & buildings | € 39,378 | € 34,811 | € 31,547 | € 29,049 | ▼ 8% |
| Retained profit | € -22,518 | € -4,253 | € -3,997 | € 8,953 | ▲ € 12,950 |
| Bank debt | € 14,712 | € 9,747 | € 4,700 | € 0 | ▼ 100% |
| Balance sheet total | € 123,174 | € 134,564 | € 99,232 | € 115,003 | ▲ 16% |
Key figures of The 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 The Horses?
What happened at The 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 € 12,950 (▲ € 12,693 vs 2024). filed late Source: NBB ↗
- New establishment in Zwevegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 895 loss in 2022 to € 12,950 profit in 2025.
Paid € 8,935 in corporate taxes since 2022.
Best year ever: 2023, with € 18,264 profit.
Establishments
Establishment units
Physical locations of this company
Gauwelstraat(H) 48B
8551 Zwevegem
Gauwelstraat(H) 56
8551 Zwevegem
Active since 4 October 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.059.259
- VAT number
- BE 0445.059.259
- Registered office
- Gauwelstraat(H) 48B, 8551 Zwevegem
- Names & denominations
- The Horses
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 September 1991
- Peppol
- Active · Active since 28 Mar 2025
- Activities · NACE
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