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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORSE POWER from Koksijde, company number BE0466768948, closed financial year 2025 with a result of € -10,421 after tax. For that financial year HORSE POWER recorded a gross margin of € 11,731 and equity of € -10,432. Compared with financial year 2024, the result moved from € -12,522 to € -10,421. 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 August 20, 2026.
€ -10,432
▼ € 10,421 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,421
▲ 17 % less loss than in 2024
Profit after tax over the fiscal year.
€ 0
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -41,432.
Debts at end 2025
€ 94,104
▼ 22% vs 2024
€ 26,828 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 12,915
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 24,906 | € 20,071 | € 10,819 | € 11,731 | ▲ 8% |
| Profit after taxes | € 985 | € -2,600 | € -12,522 | € -10,421 | ▲ € 2,101 |
| Equity | € 15,111 | € 12,511 | € -11 | € -10,432 | ▼ € 10,421 |
| Total debts | € 346,747 | € 319,497 | € 311,797 | € 310,932 | |
| Cash | € 41 | € 40 | € 0 | € 0 | |
| Land & buildings | € 298,314 | € 287,840 | € 277,367 | € 266,894 | ▼ 4% |
| Retained profit | € -15,889 | € -18,489 | € -31,011 | € -41,432 | ▼ € 10,421 |
| Bank debt | € 171,535 | € 146,384 | € 120,420 | € 94,104 | ▼ 22% |
| Balance sheet total | € 361,858 | € 332,008 | € 311,786 | € 300,500 | ▼ 4% |
Key figures of HORSE POWER, 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 POWER?
What happened at HORSE POWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,421. filed late Source: NBB ↗
- New establishment in Veurne. KBO
- Johan Oscar Legein became a director. NBB
- Ann Legein became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 985 profit in 2022 to € 10,421 loss in 2025.
Paid € 536 in corporate taxes since 2022.
Best year ever: 2022, with € 985 profit.
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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 KERGALAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HORSE POWERBehind HORSE POWER are Johan Oscar Legein and Ann Legein. The shares are held by KERGALAN (100%).
Directors
According to the 2025 annual accounts
since 2000
since 2000
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leopold II Laan(Odk) 264
8670 Koksijde
Duinkerkestraat 134 box A
8630 Veurne
Active since 22 February 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0466.768.948
- VAT number
- BE 0466.768.948
- Registered office
- Leopold II Laan(Odk) 264, 8670 Koksijde
- Names & denominations
- HORSE POWER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 1999
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- [email protected] 0486/08.28.38
- Activities · NACE
Teelt van groenten, meloenen en wortel- en knolgewassen