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 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORSEFUELS from Torhout, company number BE0479142584, closed financial year 2025 with a result of € -8,722 after tax. For that financial year HORSEFUELS recorded a gross margin of € 46,864 and equity of € -9,009. Compared with financial year 2024, the result moved from € -25,076 to € -8,722. 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 September 9, 2026.
€ -9,009
▼ € 8,722 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,722
▲ 65 % less loss than in 2024
Profit after tax over the fiscal year.
€ 17,673
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -27,609.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 43,360
▲ 12% 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.
€ 1,166
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 46,462
▲ 26% vs 2024
€ 20,232 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 100,475
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,326
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 56,585 | € 39,813 | € 31,264 | € 46,864 | ▲ 50% |
| Profit after taxes | € 10,244 | € -761 | € -25,076 | € -8,722 | ▲ € 16,354 |
| Equity | € 25,550 | € 24,789 | € -287 | € -9,009 | ▼ € 8,722 |
| Total debts | € 110,250 | € 144,629 | € 203,669 | € 211,358 | ▲ 4% |
| Cash | € 10,829 | € 17,131 | € 20,257 | € 17,673 | ▼ 13% |
| Retained profit | € 6,950 | € 6,189 | € -18,887 | € -27,609 | ▼ € 8,722 |
| Bank debt | € 39,944 | € 33,343 | € 36,881 | € 46,462 | ▲ 26% |
| Balance sheet total | € 135,800 | € 169,417 | € 203,382 | € 202,349 | ▼ 1% |
Key figures of HORSEFUELS, 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 HORSEFUELS?
What happened at HORSEFUELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,722. filed late Source: NBB ↗
- New establishment in Torhout. KBO
- Nikita Taveirne became a director. NBB
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,244 profit in 2022 to € 8,722 loss in 2025.
Paid € 6,610 in corporate taxes since 2022.
Best year ever: 2022, with € 10,244 profit.
Management
Behind HORSEFUELS is Nikita Taveirne.
Directors
According to the 2025 annual accounts
Nikita Taveirne
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Markt 20
8820 Torhout
Oostendestraat 15 A
8820 Torhout
Active since 16 October 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.142.584
- VAT number
- BE 0479.142.584
- Registered office
- Markt 20, 8820 Torhout
- Names & denominations
- HORSEFUELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 2002
- Peppol
- Active · Active since 8 Oct 2025
- Activities · NACE
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