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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORUS SOFTWARE from Chaudfontaine, company number BE0478696879, closed financial year 2025 with a result of € 5.5 million after tax. For that financial year HORUS SOFTWARE recorded a gross margin of € 8.8 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 1.4 million to € 5.5 million. Profitable, and profit is growing. The buffer shrank hard: equity is 62 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 3, 2026.
€ 1.2 million
▼ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5.5 million
▲ € 4.1 million vs 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 298% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
24.3
▲ 8.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 72% vs 2024
€ 77,900 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.
€ 735,460
▲ 35% vs 2024
Of which on lease € 531,140.
Debts at end 2025
€ 661,286
▲ 29% vs 2024
€ 200,962 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 885,001
▲ 191% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 527,165
▲ 50% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,877,488 | € 2,592,698 | € 3,554,674 | € 8,758,791 | ▲ 146% |
| Profit after taxes | € 485,222 | € 1,007,598 | € 1,367,131 | € 5,486,606 | ▲ € 4.1 million |
| Equity | € 1,693,578 | € 2,701,177 | € 3,268,307 | € 1,243,219 | ▼ 62% |
| Total debts | € 645,767 | € 841,134 | € 1,968,794 | € 8,074,945 | ▲ € 6.1 million |
| Cash | € 218,148 | € 866,008 | € 257,490 | € 1,025,089 | ▲ 298% |
| Retained profit | € -259,630 | € 747,969 | € 1,315,099 | € 743,205 | ▼ 43% |
| Dividend | € 0 | € 0 | € 800,000 | € 6,058,500 | ▲ € 5.3 million |
| Bank debt | € 314,309 | € 417,533 | € 512,485 | € 661,286 | ▲ 29% |
| Balance sheet total | € 2,339,345 | € 3,542,311 | € 5,237,102 | € 9,318,164 | ▲ 78% |
| Employees (FTE) | - | 11 | 15.5 | 24.3 | ▲ 8.8 |
Key figures of HORUS SOFTWARE, 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 HORUS SOFTWARE?
What happened at HORUS SOFTWARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bryan Steyns stepped down as director. NBB
- Jérôme Tailleur stepped down as director. NBB
- Capital & Croissance stepped down as director. NBB
- Philippe Tailleur stepped down as director. NBB
- Benjamin Tailleur stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 5.5 million (▲ € 4.1 million vs 2024). filed late Source: NBB ↗
- Bryan Steyns became a director. NBB
- Jérôme Tailleur became a director. NBB
In short
From € 485,222 profit in 2022 to € 5.5 million profit in 2025.
Paid € 976,803 in corporate taxes since 2022.
Best year ever: 2025, with € 5.5 million profit.
On average € 360,400 of value added per employee in 2025.
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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 INVESTSUD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HORUS SOFTWAREThe shares are held by INVESTSUD (17.7%). It owns 50% of Horus Distribution & Services itself.
Directors
According to the 2025 annual accounts
Benjamin Tailleur
Director
since 2021 · until 2027
since 2022 · until 2028
Bryan Steyns
Director
since 2025 · until 2031
since 2025 · until 2031
Director · represented by Benjamin Cupers
Also active at: CONCEPTEXPO GROUP, COLONA, MEGAFORM, SUPERPLASTIC, SOCIETE COMMERCIALE ET INDUSTRIELLE, BAUWENS ROGER, SOGECAM, CARILIBEL +29 more
since 2023 · until 2029
since 2022 · until 2025
Shareholders
17.7%
Participations
Establishments
Establishment units
Physical locations of this company
Rue Hazette 42
4053 Chaudfontaine
Square des Conduites-d'Eau 7-9
4031 Liège
Active since 31 October 2003
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.696.879
- VAT number
- BE 0478.696.879
- Registered office
- Rue Hazette 42, 4053 Chaudfontaine
- Names & denominations
- HORUS SOFTWARE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 2002
- Peppol
- Active · Active since 12 Jun 2025
- Activities · NACE
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