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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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Horatius Capital Partners from Kortrijk, company number BE0471448704, closed financial year 2026 with a result of € 2.5 million after tax. For that financial year Horatius Capital Partners recorded a gross margin of € -721,674 and equity of € 39 million. Compared with financial year 2025, the result moved from € 1.3 million to € 2.5 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 October 23, 2026.
€ 39 million
▲ 54% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.5 million
▲ 91% vs 2025
Profit after tax over the fiscal year.
€ 2.4 million
▲ 46% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 7.7 million.
Debts at end 2026
€ 10 million
▲ 138% vs 2025
Loans from banks and other lenders, long and short.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -597,218 | € -570,702 | € 1,265,652 | € -721,674 | ▼ € 2 million |
| Profit after taxes | € -538,963 | € -595,653 | € 1,330,812 | € 2,540,666 | ▲ 91% |
| Equity | € 22,827,603 | € 21,078,826 | € 25,359,638 | € 38,952,897 | ▲ 54% |
| Total debts | € 767,144 | € 3,990,414 | € 5,215,294 | € 10,481,887 | ▲ 101% |
| Cash | € 307,560 | € 424,382 | € 1,629,446 | € 2,371,676 | ▲ 46% |
| Retained profit | € 4,387,226 | € 3,791,573 | € 5,122,385 | € 7,663,051 | ▲ 50% |
| Bank debt | € 0 | € 3,988,304 | € 4,186,129 | € 9,981,887 | ▲ 138% |
| Balance sheet total | € 23,594,747 | € 25,069,240 | € 30,574,932 | € 49,434,784 | ▲ 62% |
Key figures of Horatius Capital Partners, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Horatius Capital Partners?
What happened at Horatius Capital Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 2.5 million (▲ 91% vs 2025). Source: NBB ↗
- ASSETS INVEST BV became a director. NBB
- Johan Speecke became a director. NBB
- L-LUX MANAGEMENT SRL BO became a director. NBB
- Mage Lux Management SRL BO became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 538,963 loss in 2023 to € 2.5 million profit in 2026.
Paid € 7 in corporate taxes since 2023.
Best year ever: 2026, with € 2.5 million profit.
Management
Behind Horatius Capital Partners are J. Hemelaere & Cie SCS BO, ASSETS INVEST BV, Johan Speecke, L-LUX MANAGEMENT SRL BO and Mage Lux Management SRL BO. It owns 99.5% of Re:Thrive Invest itself.
Directors
According to the 2026 annual accounts
J. Hemelaere & Cie SCS BO
Administrator-manager · represented by Johan Hemelaere
Director · represented by Alex De Witte
Also active at: ARGIBEL, BUILDING, WATT FACTORY, BOEVERIE, LIEGE BECASSE, XIOR Namen, VICTORIA REGINA, BLUE LINE STORAGE +21 more
since 2026
since 2022
Director · represented by Lana Hemelaere
since 2022
Mage Lux Management SRL BO
Director · represented by Geert Verdruye
since 2022
Establishments
Establishment units
Physical locations of this company
O.-L.-Vrouwestraat(Kor) 40
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →MEHAIGNE
€ 30,274 gross margin · 2025
CONSCIENCE
€ 83,820 gross margin · 2025
Agri-LL-Invest
€ 545,713 gross margin · 2025
A&M
RE:THRIVE
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.448.704
- VAT number
- BE 0471.448.704
- Registered office
- O.-L.-Vrouwestraat(Kor) 40, 8500 Kortrijk
- Names & denominations
- Horatius Capital Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 2000
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings