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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORS-KADRE from Liège, company number BE0632773362, closed financial year 2025 with a result of € -48,358 after tax. For that financial year HORS-KADRE recorded a gross margin of € 104,460 and equity of € -119,102. Compared with financial year 2024, the result moved from € -150,604 to € -48,358. 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 30, 2026.
€ -119,102
▼ € 48,358 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,358
▲ 68 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,765
▼ 97% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -169,102.
People and assets in 2025
€ 8,711
▼ 92% 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.
€ 39,575
▲ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 919,435
▼ 12% vs 2024
€ 29,121 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 97,012
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,804
▼ 41% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 297,333 | € 208,231 | € 149,333 | € 104,460 | ▼ 30% |
| Profit after taxes | € 68,052 | € -33,543 | € -150,604 | € -48,358 | ▲ € 102,246 |
| Equity | € 113,403 | € 79,860 | € -70,744 | € -119,102 | ▼ € 48,358 |
| Total debts | € 1,412,402 | € 1,346,295 | € 1,402,231 | € 1,022,252 | ▼ 27% |
| Cash | € 269,380 | € 73,093 | € 56,339 | € 1,765 | ▼ 97% |
| Land & buildings | € 1,023,706 | € 111,321 | € 117,147 | € 102,876 | ▼ 12% |
| Retained profit | € 63,403 | € 29,860 | € -120,744 | € -169,102 | ▼ € 48,358 |
| Dividend | € 30,104 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,300,944 | € 1,140,873 | € 1,046,313 | € 919,435 | ▼ 12% |
| Balance sheet total | € 1,525,805 | € 1,426,154 | € 1,331,487 | € 903,150 | ▼ 32% |
Key figures of HORS-KADRE, 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 HORS-KADRE?
What happened at HORS-KADRE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 48,358. filed late Source: NBB ↗
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
- Samuel Hertay became a director. NBB
In short
From € 68,052 profit in 2022 to € 48,358 loss in 2025.
Paid € 11,581 in corporate taxes since 2022.
Best year ever: 2022, with € 68,052 profit.
Paid out € 30,104 in dividends to the owners in total.
Management
Behind HORS-KADRE is Samuel Hertay. Samuel Hertay is also behind SOLS.
Directors
According to the 2025 annual accounts
since 2015
Establishments
Establishment units
Physical locations of this company
Quai de Rome 16
4000 Liège
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 →DU9
€ 318,115 gross margin · 2022
HOVGIL
Liège Métropole Invest
€ 192,874 gross margin · 2025
SOLS same network
€ -766 gross margin · 2025
Association des Copropriétaires de la Résidence Longchamps à Liège Quai de Rome 16
+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
- 0632.773.362
- VAT number
- BE 0632.773.362
- Registered office
- Quai de Rome 16, 4000 Liège
- Names & denominations
- HORS-KADRE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 2015
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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