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 4 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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Horsevolution from Incourt, company number BE0675902829, closed financial year 2025 with a result of € -304 after tax. For that financial year Horsevolution recorded a gross margin of € 33,480 and equity of € -27,325. Compared with financial year 2024, the result moved from € -4,536 to € -304. 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 June 26, 2026.
€ -27,325
▼ € 304 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -304
▲ 93 % less loss than in 2024
Profit after tax over the fiscal year.
€ 624
▲ € 588 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -67,325.
People and assets in 2025
€ 55,327
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18,496
▲ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 241
▲ 295% 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 | € 10,955 | € 27,307 | € 13,695 | € 33,480 | ▲ 144% |
| Profit after taxes | € -3,168 | € -5,049 | € -4,536 | € -304 | ▲ € 4,231 |
| Equity | € -37,435 | € -42,485 | € -27,020 | € -27,325 | ▼ € 304 |
| Total debts | € 91,107 | € 82,691 | € 312,079 | € 295,497 | ▼ 5% |
| Cash | € 47 | € 106 | € 36 | € 624 | ▲ € 588 |
| Retained profit | € -57,435 | € -62,485 | € -67,020 | € -67,325 | |
| Bank debt | € 21,069 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 53,672 | € 40,206 | € 285,058 | € 268,173 | ▼ 6% |
Key figures of Horsevolution, 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 Horsevolution?
What happened at Horsevolution in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 304. Source: NBB ↗
- New establishment in Incourt. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,168 loss in 2022 to € 304 loss in 2025.
Paid € 241 in corporate taxes since 2022.
Management
Behind Horsevolution are VALERIE VANDEN BERG and Bernardo DIEHL CARVALHO. VALERIE VANDEN BERG is also behind DO IT DIFFERENT.
Directors
According to the 2025 annual accounts
Bernardo DIEHL CARVALHO
Director
Establishments
Establishment units
Physical locations of this company
Rue de Happeau 12
1315 Incourt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0675.902.829
- VAT number
- BE 0675.902.829
- Registered office
- Rue de Happeau 12, 1315 Incourt
- Names & denominations
- Horsevolution
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 May 2017
- Peppol
- Active · Active since 28 Jan 2026
- Activities · NACE
Diensten in verband met de verzorging van huisdieren, muv veterinaire diensten
Fokken van paarden en andere paardachtigen
Detailhandel in huisdieren, voer voor huisdieren en benodigdheden daarvoor
Goederenvervoer over de weg
Activiteiten van paardensportclubs
Fokken en houden van paarden en andere paardachtigen
Sport- en recreatieonderwijs
Overige zakelijke dienstverlening, neg