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 24 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
87 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Horcli Invest from Sint-Martens-Latem, company number BE0735393523, closed financial year 2025 with a result of € 516,073 after tax. For that financial year Horcli Invest recorded revenue of € 391,995 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 217,775 to € 516,073. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 5, 2026.
€ 1.4 million
▲ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 516,073
▲ 137% vs 2024
Profit after tax over the fiscal year.
€ 48,171
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 87,574 paid out
17 % of the profit went to the shareholders, mostly to Vandelanotte ++ (75 % of the shares). That is where the money ends up.
Debts at end 2025
€ 529,853
▼ 22% vs 2024
€ 92,650 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 31,670
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.
€ 934
▼ 92% 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 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 461,356 | € 391,995 | ▼ 15% |
| Gross margin | € 130,611 | € 96,687 | - | - | |
| Profit after taxes | € -16,586 | € 74,043 | € 217,775 | € 516,073 | ▲ 137% |
| Equity | € 357,320 | € 416,363 | € 948,089 | € 1,376,588 | ▲ 45% |
| Total debts | € 367,305 | € 294,731 | € 1,195,440 | € 822,118 | ▼ 31% |
| Cash | € 39,233 | € 24,481 | € 54,883 | € 48,171 | ▼ 12% |
| Retained profit | € 57,320 | € 116,363 | € 49,689 | € 478,188 | ▲ € 428,499 |
| Dividend | € 0 | € 15,000 | € 284,449 | € 87,574 | ▼ 69% |
| Bank debt | € 187,375 | € 127,123 | € 675,399 | € 529,853 | ▼ 22% |
| Balance sheet total | € 724,625 | € 711,094 | € 2,143,528 | € 2,198,706 | ▲ 3% |
Key figures of Horcli Invest, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Horcli Invest?
What happened at Horcli Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 516,073 (▲ 137% vs 2024). Source: NBB ↗
- Valurus BV became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- S.D.S. CONSULTANCY BV BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,586 loss in 2022 to € 516,073 profit in 2025.
Paid € 136,062 in corporate taxes since 2022.
Best year ever: 2025, with € 516,073 profit.
Paid out € 387,023 in dividends to the owners in total.
Management
The stake of Vandelanotte ++, LE DOUX & MORTELMANS, VANDELANOTTE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Horcli InvestBehind Horcli Invest are Valurus BV and S.D.S. CONSULTANCY BV BV. The shares are held by Vandelanotte ++ (74.8%), LE DOUX & MORTELMANS (50%) and VANDELANOTTE (43.3%). It owns 100% of Horsum Digital and 100% of Horsum itself.
Directors
According to the 2025 annual accounts
Director · represented by Nikolas VANDELANOTTE
Also active at: FIDUCIAIRE OMEZ, A&B - Vandelanotte, VANDELANOTTE ++, CALLENS VANDELANOTTE, Digital BallistiX, myVandelanotte.be, VANDELANOTTE, Vandelanotte ++
since 2020
Managing director · represented by Sofie DEFRAEYE
since 2019
Shareholders
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 48 box 2
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 87 companies are registered at this address.
All companies at this address →Life Tree Estate
€ 3.2 million gross margin · 2025
STRATTON RED
€ -4,898 gross margin · 2023
Horsum Digital same network
€ 1.3 million revenue · 2025
3d Partners
€ -1,875 gross margin · 2022
HEB
€ 14.4 million revenue · 2025
+82 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0735.393.523
- VAT number
- BE 0735.393.523
- Registered office
- Kortrijksesteenweg 48 bus 2, 9830 Sint-Martens-Latem
- Names & denominations
- Horcli Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2019
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van holdings
Holdings
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