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 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
HORC from Clavier, company number BE0664610643, closed financial year 2025 with a result of € 861 after tax. For that financial year HORC recorded a gross margin of € -575 and equity of € -400. Compared with financial year 2024, the result moved from € -1,268 to € 861. Profitable, and profit is growing. 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 July 9, 2026.
€ -400
▲ € 861 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 861
▲ still € 1,268 loss in 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -6,600.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 400
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -355 | € 3,243 | € -831 | € -575 | ▲ € 256 |
| Profit after taxes | € -426 | € 3,195 | € -1,268 | € 861 | ▲ € 2,129 |
| Equity | € -3,187 | € 8 | € -1,260 | € -400 | ▲ € 861 |
| Total debts | € 178,238 | € 0 | € 1,260 | € 400 | ▼ 68% |
| Cash | € 51 | € 8 | - | - | |
| Retained profit | € -9,387 | € -6,192 | € -7,460 | € -6,600 | ▲ € 861 |
| Balance sheet total | € 175,051 | € 8 | € 0 | € 0 |
Key figures of HORC, 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 HORC?
What happened at HORC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 861. Source: NBB ↗
- Renaud Servais SRL became a director. NBB
- Dominique Jullien stepped down as director. NBB
- Dominique Jullien became a director. NBB
- New establishment in Faimes. KBO
- Start of the company according to the CBE. KBO
In short
From € 426 loss in 2022 to € 861 profit in 2025.
Best year ever: 2023, with € 3,195 profit.
Management
Behind HORC is Renaud Servais SRL. Renaud Servais SRL is also behind Entreprises Servais, RS CAPITAL and COLASSE.
Directors
According to the 2025 annual accounts
Director · represented by Renaud Servais
Also active at: Entreprises Servais, RS CAPITAL, COLASSE
since 2026
Dominique Jullien
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Rue de la Quinette 5
4560 Clavier
Rue Emile Vandervelde 69 box 1
4317 Faimes
Active since 13 October 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0664.610.643
- VAT number
- BE 0664.610.643
- Registered office
- Rue de la Quinette 5, 4560 Clavier
- Names & denominations
- HORC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 October 2016
- Peppol
- Not registered