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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORTOS from Zwalm, company number BE0702794494, closed financial year 2025 with a result of € 53,724 after tax. For that financial year HORTOS recorded a gross margin of € 160,024 and equity of € 18,600. Compared with financial year 2024, the result moved from € 3,281 to € 53,724. Profitable, and profit is growing. The buffer shrank hard: equity is 72 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 30, 2026.
€ 18,600
▼ 72% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 53,724
▲ € 50,443 vs 2024
Profit after tax over the fiscal year.
€ 35,438
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 101,936 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 47,049
▲ 9% 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.
€ 87,885
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 299,274
▼ 1% vs 2024
€ 50,485 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 76,073
▲ 134% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,943
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 192,128 | € 132,291 | € 137,473 | € 160,024 | ▲ 16% |
| Profit after taxes | € 44,138 | € 2,485 | € 3,281 | € 53,724 | ▲ € 50,443 |
| Equity | € 62,738 | € 64,390 | € 66,812 | € 18,600 | ▼ 72% |
| Total debts | € 588,903 | € 487,647 | € 436,707 | € 584,515 | ▲ 34% |
| Cash | € 7,466 | € 39,485 | € 41,992 | € 35,438 | ▼ 16% |
| Land & buildings | € 313,061 | € 309,949 | € 295,098 | € 280,246 | ▼ 5% |
| Retained profit | € 44,138 | € 45,790 | € 48,212 | € 0 | ▼ 100% |
| Dividend | € 115,222 | € 833 | € 859 | € 101,936 | ▲ € 101,077 |
| Bank debt | € 405,092 | € 349,509 | € 300,924 | € 299,274 | ▼ 1% |
| Balance sheet total | € 651,641 | € 552,037 | € 503,519 | € 603,115 | ▲ 20% |
Key figures of HORTOS, 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 HORTOS?
What happened at HORTOS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 53,724 (▲ € 50,443 vs 2024). Source: NBB ↗
- New establishment in Zwalm. KBO
- Simon Van Kerckvoorde became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 44,138 profit in 2022 to € 53,724 profit in 2025.
Paid € 32,713 in corporate taxes since 2022.
Best year ever: 2025, with € 53,724 profit.
Paid out € 218,849 in dividends to the owners in total.
Management
Behind HORTOS is Simon Van Kerckvoorde.
Directors
According to the 2025 annual accounts
Simon Van Kerckvoorde
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Houtstraat(Ned) 1
9636 Zwalm
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0702.794.494
- VAT number
- BE 0702.794.494
- Registered office
- Houtstraat(Ned) 1, 9636 Zwalm
- Names & denominations
- HORTOS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 September 2018
- Peppol
- Active · Active since 20 Jan 2025
- Activities · NACE
Landschapsverzorging