Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BETWEEN HORSES from Waterloo, company number BE0666803239, closed financial year 2025 with a result of € 9,625 after tax. For that financial year BETWEEN HORSES recorded a gross margin of € 153,942 and equity of € -248,683. Compared with financial year 2024, the result moved from € -80,527 to € 9,625. 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 June 10, 2026.
€ -248,683
▲ € 9,624 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,625
▲ still € 80,527 loss in 2024
Profit after tax over the fiscal year.
€ 11,192
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -261,083.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 119,262
▲ 6% 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.
Debts at end 2025
€ 110,471
▼ 24% vs 2024
€ 18,076 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 91,355
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66,109
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 81,162 | € 73,365 | € 62,755 | € 153,942 | ▲ 145% |
| Profit after taxes | € 989 | € -184,265 | € -80,527 | € 9,625 | ▲ € 90,152 |
| Equity | € 6,484 | € -177,780 | € -258,307 | € -248,683 | ▲ € 9,624 |
| Total debts | € 78,570 | € 351,135 | € 419,341 | € 403,425 | ▼ 4% |
| Cash | € 20,843 | € 8,711 | € 15,328 | € 11,192 | ▼ 27% |
| Retained profit | € -5,916 | € -190,180 | € -270,707 | € -261,083 | ▲ € 9,624 |
| Bank debt | € 24,781 | € 140,949 | € 145,459 | € 110,471 | ▼ 24% |
| Balance sheet total | € 85,054 | € 173,355 | € 161,034 | € 154,743 | ▼ 4% |
Key figures of BETWEEN HORSES, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 May 2027.
What happened to BETWEEN HORSES?
What happened at BETWEEN HORSES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,625. filed late Source: NBB ↗
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 989 profit in 2021 to € 9,625 profit in 2025.
Paid € 2,766 in corporate taxes since 2021.
Best year ever: 2025, with € 9,625 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind BETWEEN HORSES is Marie-Paule MERTENS.
Directors
According to the 2025 annual accounts
Marie-Paule MERTENS
Director
Establishments
Establishment units
Physical locations of this company
Chemin de la Papelotte 41
1410 Waterloo
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.
Website
Technologies
Hosting & Email
Email provider
OVH Mail
Hosting
OVH, FR
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0666.803.239
- VAT number
- BE 0666.803.239
- Registered office
- Chemin de la Papelotte 41, 1410 Waterloo
- Names & denominations
- BETWEEN HORSES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2016
- Peppol
- Active · Active since 10 Nov 2025
- Contact
- centrequestredelapapelotte.be
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