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 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EC HORSES from Peer, company number BE0683584833, closed financial year 2025 with a result of € 57,152 after tax. For that financial year EC HORSES recorded a gross margin of € 186,811 and equity of € 212,142. Compared with financial year 2024, the result moved from € 21,901 to € 57,152. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 212,142
▲ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,152
▲ 161% vs 2024
Profit after tax over the fiscal year.
€ 110,547
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
3 % 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.
€ 16,027
▲ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 819,003
▼ 7% vs 2024
€ 63,211 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 74,126
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 269
▼ 13% 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 | € 73,629 | € 93,730 | € 94,905 | € 186,811 | ▲ 97% |
| Profit after taxes | € 14,183 | € 1,183 | € 21,901 | € 57,152 | ▲ 161% |
| Equity | € 138,569 | € 136,421 | € 156,656 | € 212,142 | ▲ 35% |
| Total debts | € 1,009,615 | € 1,243,842 | € 1,595,864 | € 1,639,549 | ▲ 3% |
| Cash | € 49,147 | € 11,052 | € 175,487 | € 110,547 | ▼ 37% |
| Land & buildings | € 682,799 | € 855,210 | € 1,089,132 | € 1,223,658 | ▲ 12% |
| Retained profit | € 119,969 | € 117,821 | € 138,056 | € 193,542 | ▲ 40% |
| Dividend | € 1,600 | € 3,332 | € 1,666 | € 1,666 | |
| Bank debt | € 477,635 | € 629,475 | € 885,228 | € 819,003 | ▼ 7% |
| Balance sheet total | € 1,148,184 | € 1,380,263 | € 1,752,519 | € 1,855,294 | ▲ 6% |
Key figures of EC HORSES, 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 EC HORSES?
What happened at EC 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 € 57,152 (▲ 161% vs 2024). filed late Source: NBB ↗
- Eduardo Gouveia Giachetta became a director. NBB
- New establishment in Peer. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,183 profit in 2022 to € 57,152 profit in 2025.
Paid € 10,841 in corporate taxes since 2022.
Best year ever: 2025, with € 57,152 profit.
Paid out € 8,264 in dividends to the owners in total.
Management
Behind EC HORSES is Eduardo Gouveia Giachetta.
Directors
According to the 2025 annual accounts
Eduardo Gouveia Giachetta
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Smeetshofweg 71
3990 Peer
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0683.584.833
- VAT number
- BE 0683.584.833
- Registered office
- Smeetshofweg 71, 3990 Peer
- Names & denominations
- EC HORSES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 October 2017
- Peppol
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