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.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Royal Horses from Etterbeek, company number BE0691714819, closed financial year 2024 with a result of € -23,206 after tax. For that financial year Royal Horses recorded a gross margin of € -22,657 and equity of € -64,759. Compared with financial year 2023, the result moved from € -33,066 to € -23,206. 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 July 16, 2025.
€ -64,759
▼ € 23,206 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,206
▲ 30 % less loss than in 2023
Profit after tax over the fiscal year.
€ 8,550
▲ 64% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -83,359.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 18,614
▲ 134% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,197 | € -30,378 | € -32,194 | € -22,657 | ▲ € 9,537 |
| Profit after taxes | € 1,452 | € -31,181 | € -33,066 | € -23,206 | ▲ € 9,860 |
| Equity | € 22,694 | € -8,487 | € -41,553 | € -64,759 | ▼ € 23,206 |
| Total debts | € 37,250 | € 28,612 | € 60,223 | € 87,938 | ▲ 46% |
| Cash | € 28,480 | € 6,661 | € 5,207 | € 8,550 | ▲ 64% |
| Retained profit | € 4,094 | € -27,087 | € -60,153 | € -83,359 | ▼ € 23,206 |
| Balance sheet total | € 59,944 | € 20,125 | € 18,670 | € 23,179 | ▲ 24% |
Key figures of Royal Horses, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Royal Horses?
What happened at Royal Horses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 23,206. Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
- Bibiche Westerhuis became a director. NBB
In short
From € 1,452 profit in 2021 to € 23,206 loss in 2024.
Best year ever: 2021, with € 1,452 profit.
A new publication or filing at Royal Horses? We notify you, reason included.
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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 Royal Horses is Bibiche Westerhuis. Bibiche Westerhuis is also behind DYNAMIC INVEST and COUNTERPOINT.
Directors
According to the 2024 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Tervurenlaan 56
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0691.714.819
- VAT number
- BE 0691.714.819
- Registered office
- Tervurenlaan 56, 1040 Etterbeek
- Names & denominations
- Royal Horses
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2018
- Peppol
- Active · Active since 21 Dec 2025
- Activities · NACE
Activiteiten van paardensportclubs
Cafés en bars