What does HORPI Systems do?

HORPI Systems is a research organisation in Visé. Public Limited, started on 15 March 1999, 1 establishment.

What is the address of HORPI Systems?

The registered office of HORPI Systems is located at Rue de Maestricht(VIS) 100, 4600 Visé.

Is HORPI Systems still active?

Yes. According to the CBE (29 October 2026) HORPI Systems is active, legal situation “Normale toestand”, started on 15 March 1999.

Is HORPI Systems registered on Peppol?

Yes, HORPI Systems is registered on the Peppol network with ID 0208:0465640382.

What is the enterprise number of HORPI Systems?

The enterprise number of HORPI Systems is BE0465640382.

When was HORPI Systems founded?

HORPI Systems was founded on 15 March 1999.

Who are the directors of HORPI Systems?

According to the 2025 annual accounts, the directors of HORPI Systems are: Philippe Thiry, Alain Lesage, Philippe Marc, BIOMAX.

Is HORPI Systems a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 March 1999; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did HORPI Systems make in 2025?

HORPI Systems posted a profit after taxes of € 4,390 in financial year 2025.

What is the revenue of HORPI Systems?

As a small company, HORPI Systems is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 64,728.

HORPI Systems (Public Limited) - Visé - BE0465640382

Dossier HORPI Systems, printed on 29 October 2026 from databakkes.be/en/0465640382/horpi-systems. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 9 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

HORPI Systems from Visé, company number BE0465640382, closed financial year 2025 with a result of € 4,390 after tax. For that financial year HORPI Systems recorded a gross margin of € 64,728 and equity of € 534,034. Compared with financial year 2024, the result moved from € 1,123 to € 4,390. 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 August 26, 2026.

What it is worth Growing

€ 534,034

▲ 1% vs 2024

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

Profit Growing

€ 4,390

▲ 291% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 955

▲ 52% 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 € -150,966.

People and assets in 2025

Wage cost

€ 39,025

▲ 4% 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.

Vehicles and equipment

€ 624

▼ 43% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 2,744

▲ € 2,436 vs 2024

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

Taxes and wages

€ 9,812

▼ 27% 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	€ 51,971 Gross margin 2022: € 51,971 First fiscal year in the series	€ 63,246 Gross margin 2023: € 63,246 ▲ 22% vs 2022 (€ 51,971) Favourable step	€ 60,641 Gross margin 2024: € 60,641 ▼ 4% vs 2023 (€ 63,246) Unfavourable step	€ 64,728 Gross margin 2025: € 64,728 ▲ 7% vs 2024 (€ 60,641) Favourable step	▲ 7%
Profit after taxes	€ 5,494 Profit after taxes 2022: € 5,494 First fiscal year in the series	€ 3,486 Profit after taxes 2023: € 3,486 ▼ 37% vs 2022 (€ 5,494) Unfavourable step	€ 1,123 Profit after taxes 2024: € 1,123 ▼ 68% vs 2023 (€ 3,486) Unfavourable step	€ 4,390 Profit after taxes 2025: € 4,390 ▲ 291% vs 2024 (€ 1,123) Favourable step	▲ 291%
Equity	€ 525,035 Equity 2022: € 525,035 First fiscal year in the series	€ 528,521 Equity 2023: € 528,521 ▲ 1% vs 2022 (€ 525,035) Favourable step	€ 529,644 Equity 2024: € 529,644 Unchanged (€ 528,521) Favourable step	€ 534,034 Equity 2025: € 534,034 ▲ 1% vs 2024 (€ 529,644) Favourable step	▲ 1%
Total debts	€ 92,337 Total debts 2022: € 92,337 First fiscal year in the series	€ 81,256 Total debts 2023: € 81,256 ▼ 12% vs 2022 (€ 92,337) Favourable step	€ 71,500 Total debts 2024: € 71,500 ▼ 12% vs 2023 (€ 81,256) Favourable step	€ 38,644 Total debts 2025: € 38,644 ▼ 46% vs 2024 (€ 71,500) Favourable step	▼ 46%
Cash	€ 1,717 Cash 2022: € 1,717 First fiscal year in the series	€ 368 Cash 2023: € 368 ▼ 79% vs 2022 (€ 1,717) Unfavourable step	€ 628 Cash 2024: € 628 ▲ 71% vs 2023 (€ 368) Favourable step	€ 955 Cash 2025: € 955 ▲ 52% vs 2024 (€ 628) Favourable step	▲ 52%
Retained profit	€ -159,965 Retained profit 2022: € -159,965 First fiscal year in the series	€ -156,479 Retained profit 2023: € -156,479 ▲ € 3,486 vs 2022 (€ -159,965) Favourable step	€ -155,356 Retained profit 2024: € -155,356 ▲ € 1,123 vs 2023 (€ -156,479) Favourable step	€ -150,966 Retained profit 2025: € -150,966 ▲ € 4,390 vs 2024 (€ -155,356) Favourable step	▲ € 4,390
Bank debt	€ 59,174 Bank debt 2022: € 59,174 First fiscal year in the series	€ 40,180 Bank debt 2023: € 40,180 ▼ 32% vs 2022 (€ 59,174) Favourable step	€ 20,466 Bank debt 2024: € 20,466 ▼ 49% vs 2023 (€ 40,180) Favourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 20,466) Favourable step	▼ 100%
Balance sheet total	€ 617,372 Balance sheet total 2022: € 617,372 First fiscal year in the series	€ 609,777 Balance sheet total 2023: € 609,777 ▼ 1% vs 2022 (€ 617,372) Unchanged	€ 601,144 Balance sheet total 2024: € 601,144 ▼ 1% vs 2023 (€ 609,777) Unchanged	€ 572,679 Balance sheet total 2025: € 572,679 ▼ 5% vs 2024 (€ 601,144) Unchanged	▼ 5%
Employees (FTE)	0.5 Employees (FTE) 2022: 0.5 First fiscal year in the series	-	-	-

Key figures of HORPI Systems, 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 HORPI Systems?

What happened at HORPI Systems in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Aug 26, 2026 New annual accounts for financial year 2025: profit of € 4,390 (▲ 291% vs 2024). filed late Source: NBB ↗
2023 Philippe Thiry became a director. NBB
2023 Alain Lesage became a director. NBB
2023 Philippe Marc became a director. NBB
2005 BIOMAX became a director. NBB
Apr 30, 1999 New establishment in Visé. KBO
Mar 15, 1999 Start of the company according to the CBE. KBO

In short

From € 5,494 profit in 2022 to € 4,390 profit in 2025.

Best year ever: 2022, with € 5,494 profit.

Original PDFs at the National Bank ↗

Management

NOVANDO INVEST

The stake of NOVANDO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

HORPI Systems

Behind HORPI Systems are Philippe Thiry, Alain Lesage, Philippe Marc and BIOMAX. The shares are held by NOVANDO INVEST.

Directors

According to the 2025 annual accounts

Philippe Thiry

Director

Also active at: HORPI Development

since 2023

Alain Lesage

Director

Also active at: HORPI Development

since 2023

Philippe Marc

Représentant permanent, Director

Also active at: HORPI Development

since 2023

BIOMAX

Director, Managing director, (Autre fonction)

Also active at: HORPI Development

since 2005

Shareholders

NOVANDO INVEST

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Rue de Maestricht(VIS) 100

4600 Visé

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

Ligue Royale Pomologique de Wallonie

Groupement d'Arboriculteurs pratiquant en Wallonie les Techniques Intégrées

HORPI Development same network

€ 367,055 gross margin · 2025

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

Details

Company number

0465.640.382

VAT number

BE 0465.640.382

Registered office

Rue de Maestricht(VIS) 100, 4600 Visé

Names & denominations

HORPI Systems

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 March 1999

Peppol

Active · Active since 23 Dec 2025

Activities · NACE

Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied

Speur- en ontwikkelingswerk op natuurwetenschappelijk gebied

Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied

View on CBE Public ↗ Annual accounts (NBB) ↗

HORPI Systems

Warning lights

Financials

What happened to HORPI Systems?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions