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.
-
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.
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| 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 ↗
- New establishment in Londerzeel. KBO
- Start of the company according to the CBE. 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.
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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
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.
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
- Activities · NACE
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