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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2024
HORSE CONNECTION from Hasselt, company number BE0698832738, closed financial year 2024 with a result of € 22,317 after tax. For that financial year HORSE CONNECTION recorded a gross margin of € 10,207 and equity of € -48,961. Compared with financial year 2023, the result moved from € 122,414 to € 22,317. The company is profitable. 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 November 28, 2025.
€ -48,961
▲ € 22,317 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,317
▼ 82% vs 2023
Profit after tax over the fiscal year.
€ 170
▲ 161% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -61,561.
People and assets in 2024
€ 409
▼ 71% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 883,747
▲ 44% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 148,613
▼ 1% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 13,329 | € -163,792 | € 124,145 | € 10,207 | ▼ 92% |
| Profit after taxes | € -3,616 | € -310,114 | € 122,414 | € 22,317 | ▼ 82% |
| Equity | € 116,422 | € -193,692 | € -71,278 | € -48,961 | ▲ € 22,317 |
| Total debts | € 1,385,267 | € 669,006 | € 863,310 | € 1,175,731 | ▲ 36% |
| Cash | - | € 65 | € 65 | € 170 | ▲ 161% |
| Retained profit | € 103,822 | € -206,292 | € -83,878 | € -61,561 | ▲ € 22,317 |
| Bank debt | € 15,661 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 1,501,689 | € 475,314 | € 792,032 | € 1,126,770 | ▲ 42% |
Key figures of HORSE CONNECTION, 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 HORSE CONNECTION?
What happened at HORSE CONNECTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 22,317 (▼ 82% vs 2023). filed late Source: NBB ↗
- New establishment in Hasselt. KBO
- KARIM GHAIBI became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 3,616 loss in 2021 to € 22,317 profit in 2024.
Paid € 153,131 in corporate taxes since 2021.
Best year ever: 2023, with € 122,414 profit.
A new publication or filing at HORSE CONNECTION? 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 HORSE CONNECTION is KARIM GHAIBI.
Directors
According to the 2024 annual accounts
KARIM GHAIBI
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Meybroekstraat 63
3510 Hasselt
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
- 0698.832.738
- VAT number
- BE 0698.832.738
- Registered office
- Meybroekstraat 63, 3510 Hasselt
- Names & denominations
- HORSE CONNECTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 2018
- Peppol
- Active · Active since 4 Apr 2026
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