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 47 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WinHorses from Geraardsbergen, company number BE0641775754, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year WinHorses recorded a gross margin of € 2 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 84,350 to € 1.5 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 April 30, 2026.
€ 2.3 million
▲ 161% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ € 1.4 million vs 2024
Profit after tax over the fiscal year.
€ 81,227
▲ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,000 paid out
2 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 221,644
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 228,271
▼ 7% vs 2024
€ 17,002 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 45,443
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,641
▲ 162% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 188,305 | € 2,020,769 | ▲ € 1.8 million |
| Profit after taxes | € 84,350 | € 1,454,580 | ▲ € 1.4 million |
| Equity | € 887,489 | € 2,317,069 | ▲ 161% |
| Total debts | € 473,425 | € 473,351 | |
| Cash | € 44,753 | € 81,227 | ▲ 82% |
| Land & buildings | € 401,659 | € 428,513 | ▲ 7% |
| Retained profit | € 886,489 | € 2,316,069 | ▲ 161% |
| Dividend | € 0 | € 25,000 | |
| Bank debt | € 245,045 | € 228,271 | ▼ 7% |
| Balance sheet total | € 1,368,315 | € 2,796,037 | ▲ 104% |
By gross margin, WinHorses ranks 2nd of 161 companies with main activity “Fokken en houden van paarden en andere paardachtigen” in East Flanders that publish figures (fiscal year 2025).
Key figures of WinHorses, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
Ask about WinHorses the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to WinHorses?
What happened at WinHorses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ € 1.4 million vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Geraardsbergen. KBO
In short
From € 84,350 profit in 2024 to € 1.5 million profit in 2025.
Paid € 499,244 in corporate taxes since 2024.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 25,000 in dividends to the owners in total.
Management
Behind WinHorses are Pascal De Winne and Flore De Winne.
Directors
According to the 2025 annual accounts
Pascal De Winne
Director
Flore De Winne
Director
Establishments
Establishment units
Physical locations of this company
Vierbunderweg(Onk) 12
9500 Geraardsbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- DE WINNE Pascal Albert(oprichter-vennoot) 25%
- DE WINNE Flore(oprichter-vennoot) 25%
- CARNEWAL Els Line C(oprichter-vennoot) 25%
- DE WINNE Fien(oprichter-vennoot) 25%
Details
- Company number
- 0641.775.754
- VAT number
- BE 0641.775.754
- Registered office
- Vierbunderweg(Onk) 12, 9500 Geraardsbergen
- Names & denominations
- WinHorses
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 2015
- Peppol
- Active · Active since 5 Oct 2025
- Contact
- winhorses.be
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Activiteiten van paardensportclubs