Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
HORSE POWER from Oudenaarde, company number BE0480012022, closed financial year 2024 with a result of € -43,644 after tax. For that financial year HORSE POWER recorded revenue of € 120,000 and equity of € 529,092. Compared with financial year 2023, the result moved from € -75,931 to € -43,644. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 11, 2025.
€ 529,092
▼ 8% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,644
▲ 43 % less loss than in 2023
Profit after tax over the fiscal year.
€ 2,167
▼ 94% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 522,892.
Debts at end 2024
€ 789,532
▼ 12% vs 2023
€ 115,429 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 10,792
▼ 74% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 4,917
▼ 63% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 120,896 | € 37,500 | € 68,609 | € 120,000 | ▲ 75% |
| Gross margin | € 90,848 | € 16,355 | € 29,198 | € 75,956 | ▲ 160% |
| Profit after taxes | € -5,740 | € -60,352 | € -75,931 | € -43,644 | ▲ € 32,287 |
| Equity | € 709,019 | € 648,667 | € 572,736 | € 529,092 | ▼ 8% |
| Total debts | € 1,137,641 | € 1,035,547 | € 963,975 | € 851,541 | ▼ 12% |
| Cash | € 16,278 | € 5,117 | € 36,274 | € 2,167 | ▼ 94% |
| Land & buildings | € 352,537 | € 325,686 | € 289,835 | € 342,033 | ▲ 18% |
| Retained profit | € 702,819 | € 642,467 | € 566,536 | € 522,892 | ▼ 8% |
| Bank debt | € 1,127,641 | € 1,012,042 | € 898,554 | € 789,532 | ▼ 12% |
| Balance sheet total | € 1,846,660 | € 1,684,214 | € 1,536,711 | € 1,380,633 | ▼ 10% |
Key figures of HORSE POWER, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: loss of € 43,644. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Oudenaarde. KBO
In short
From € 5,740 loss in 2021 to € 43,644 loss in 2024.
Establishments
Establishment units
Physical locations of this company
Ambachtsstraat 1
9700 Oudenaarde
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
HETZNER-AS, DE
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0480.012.022
- VAT number
- BE 0480.012.022
- Registered office
- Ambachtsstraat 1, 9700 Oudenaarde
- Names & denominations
- HORSE POWER
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2003
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- hhp.be
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