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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GPHorses from Stekene, company number BE0736774683, closed financial year 2025 with a result of € 4,836 after tax. For that financial year GPHorses recorded a gross margin of € 152,557 and equity of € 127,568. Compared with financial year 2024, the result moved from € 1,680 to € 4,836. 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 25, 2026.
€ 127,568
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,836
▲ 188% vs 2024
Profit after tax over the fiscal year.
€ 33,970
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
17 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 22,955
▲ € 22,521 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.
€ 24,846
▲ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 776,250
▼ 8% vs 2024
€ 72,746 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 19,124
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,374
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 124,491 | € 159,894 | € 131,627 | € 152,557 | ▲ 16% |
| Profit after taxes | € 17,368 | € 38,680 | € 1,680 | € 4,836 | ▲ 188% |
| Equity | € 84,838 | € 122,718 | € 123,565 | € 127,568 | ▲ 3% |
| Total debts | € 1,364,115 | € 1,337,897 | € 1,257,145 | € 1,179,531 | ▼ 6% |
| Cash | € 4,867 | € 52,939 | € 32,781 | € 33,970 | ▲ 4% |
| Land & buildings | € 1,217,359 | € 1,152,684 | € 1,094,428 | € 1,043,203 | ▼ 5% |
| Retained profit | € 81,838 | € 119,718 | € 120,565 | € 124,568 | ▲ 3% |
| Dividend | € 0 | € 800 | € 833 | € 833 | |
| Bank debt | € 939,732 | € 919,555 | € 848,264 | € 776,250 | ▼ 8% |
| Balance sheet total | € 1,448,953 | € 1,460,615 | € 1,380,710 | € 1,307,099 | ▼ 5% |
Key figures of GPHorses, 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 GPHorses?
What happened at GPHorses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,836 (▲ 188% vs 2024). filed late Source: NBB ↗
- New establishment in Stekene. KBO
- Start of the company according to the CBE. KBO
- Glenn Praet became a director. NBB
In short
From € 17,368 profit in 2022 to € 4,836 profit in 2025.
Paid € 210 in corporate taxes since 2022.
Best year ever: 2023, with € 38,680 profit.
Paid out € 2,466 in dividends to the owners in total.
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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
Directors
According to the 2025 annual accounts
Glenn Praet
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Hinnenstraat(STE) 2
9190 Stekene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0736.774.683
- VAT number
- BE 0736.774.683
- Registered office
- Hinnenstraat(STE) 2, 9190 Stekene
- Names & denominations
- GPHorses
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2019
- Peppol
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