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 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
GM HORSES from Mouscron, company number BE0744747093, closed financial year 2024 with a result of € 4,343 after tax. For that financial year GM HORSES recorded a gross margin of € 7,276 and equity of € -8,937. Compared with financial year 2023, the result moved from € -4,771 to € 4,343. Profitable, and profit is growing. 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 October 8, 2025.
€ -8,937
▲ € 4,343 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,343
▲ still € 4,771 loss in 2023
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -13,937.
Debts at end 2024
€ 1,795
▼ 10% vs 2023
Loans from banks and other lenders, long and short.
€ 8,562
▼ 39% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 15,890
▼ 28% 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 | € -17,496 | € 10,865 | € -2,386 | € 7,276 | ▲ € 9,663 |
| Profit after taxes | € -18,783 | € 5,273 | € -4,771 | € 4,343 | ▲ € 9,114 |
| Equity | € -13,783 | € -8,510 | € -13,280 | € -8,937 | ▲ € 4,343 |
| Total debts | € 205,743 | € 76,707 | € 103,738 | € 92,559 | ▼ 11% |
| Cash | € 3,927 | € 1,219 | - | - | |
| Retained profit | € -18,783 | € -13,510 | € -18,280 | € -13,937 | ▲ € 4,343 |
| Bank debt | € 0 | € 0 | € 2,004 | € 1,795 | ▼ 10% |
| Balance sheet total | € 191,960 | € 68,197 | € 90,458 | € 83,622 | ▼ 8% |
Key figures of GM 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 GM HORSES?
What happened at GM HORSES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 4,343. filed late Source: NBB ↗
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,783 loss in 2021 to € 4,343 profit in 2024.
Best year ever: 2022, with € 5,273 profit.
A new publication or filing at GM 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
Establishments
Establishment units
Physical locations of this company
Gustave Fachedreef(L) 1
7700 Mouscron
Rue Cazeau(TEM) 101
7520 Tournai
Active since 5 March 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
All companies at this address →KORMETAL
€ 2.6 million gross margin · 2025
SARBEC BELUX
€ 669,534 gross margin · 2025
VTK
€ -48,391 gross margin · 2023
SOFT CONSTRUCT
€ 69,151 gross margin · 2022
Aprobenir Belgique
+57 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
- 0744.747.093
- VAT number
- BE 0744.747.093
- Registered office
- Gustave Fachedreef(L) 1, 7700 Mouscron
- Names & denominations
- GM HORSES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2020
- Peppol
- Active · Active since 14 Apr 2026
- Activities · NACE
Handelsbemiddeling in de niet-gespecialiseerde groothandel
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Groothandel in dranken, algemeen assortiment
Detailhandel in wijnen en geestrijke dranken
Detailhandel in dranken, algemeen assortiment
Beroepsopleiding
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering