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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORSES & STONES from Londerzeel, company number BE0759976291, closed financial year 2025 with a result of € -70,971 after tax. For that financial year HORSES & STONES recorded a gross margin of € -25,863 and equity of € -185,400. Compared with financial year 2024, the result moved from € -80,526 to € -70,971. The company made a loss. 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 July 16, 2026.
€ -185,400
▼ € 70,971 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70,971
▲ 12 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,702
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -185,400.
People and assets in 2025
€ 42,311
▼ 38% 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.
€ 4,468
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,759
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,771
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,078 | € -20,693 | € -10,145 | € -25,863 | ▼ € 15,718 |
| Profit after taxes | € 4,279 | € -34,043 | € -80,526 | € -70,971 | ▲ € 9,554 |
| Equity | € 139 | € -33,903 | € -114,429 | € -185,400 | ▼ € 70,971 |
| Total debts | € 102,835 | € 143,748 | € 239,221 | € 299,795 | ▲ 25% |
| Cash | € 6,601 | € 90 | € 2,187 | € 1,702 | ▼ 22% |
| Retained profit | € 139 | € -33,903 | € -114,429 | € -185,400 | ▼ € 70,971 |
| Balance sheet total | € 102,974 | € 109,845 | € 124,792 | € 114,394 | ▼ 8% |
Key figures of HORSES & STONES, 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 HORSES & STONES?
What happened at HORSES & STONES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 70,971. Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Londerzeel. KBO
In short
From € 4,279 profit in 2022 to € 70,971 loss in 2025.
Paid € 35 in corporate taxes since 2022.
Best year ever: 2022, with € 4,279 profit.
Management
Behind HORSES & STONES are Axelle De Gendt and Gavin De Gendt. Gavin De Gendt is also behind DE GENDT GAVIN, DEGERO - WOONPROJECTS and DEGERO PROJECTONTWIKKELING.
Directors
According to the 2025 annual accounts
Axelle De Gendt
Director
Gavin De Gendt
Director
Also active at: DE GENDT GAVIN, DEGERO - WOONPROJECTS, DEGERO PROJECTONTWIKKELING
Establishments
Establishment units
Physical locations of this company
Lippelostraat 55
1840 Londerzeel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- DE GENDT, Gavin Frans(oprichter) 75%
- DE GENDT, Axelle(oprichter) 25%
Details
- Company number
- 0759.976.291
- VAT number
- BE 0759.976.291
- Registered office
- Lippelostraat 55, 1840 Londerzeel
- Names & denominations
- HORSES & STONES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2020
- Peppol
- Active · Active since 7 Jul 2026
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