Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EQUESTRIAN TECHNOLOGY from Perwez, company number BE0760629755, closed financial year 2025 with a result of € -315,907 after tax. For that financial year EQUESTRIAN TECHNOLOGY recorded a gross margin of € 134,868 and equity of € 432,965. Compared with financial year 2024, the result moved from € -228,379 to € -315,907. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 432,965
▼ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -315,907
▼ 38 % more loss than in 2024
Profit after tax over the fiscal year.
€ 79,272
▲ 175% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -602,047.
People and assets in 2025
5.4
▲ 4.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 271,076
▲ € 225,385 vs 2024
€ 50,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,691
▲ 228% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 million
▲ € 1.1 million vs 2024
€ 245,614 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 333,119
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,141
▲ € 54,559 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 35,186 | € -71,372 | € -160,868 | € 134,868 | ▲ € 295,735 |
| Profit after taxes | € 35,000 | € -92,760 | € -228,379 | € -315,907 | ▼ € 87,528 |
| Equity | € 358,768 | € 986,709 | € 758,330 | € 432,965 | ▼ 43% |
| Total debts | € 86,761 | € 192,574 | € 963,673 | € 1,881,157 | ▲ 95% |
| Cash | € 27,747 | € 249,092 | € 28,785 | € 79,272 | ▲ 175% |
| Retained profit | € 35,000 | € -57,760 | € -286,139 | € -602,047 | ▼ € 315,907 |
| Bank debt | € 0 | € 0 | € 346,521 | € 1,465,268 | ▲ € 1.1 million |
| Balance sheet total | € 445,529 | € 1,179,283 | € 1,722,003 | € 2,314,123 | ▲ 34% |
| Employees (FTE) | - | 0.4 | 1.3 | 5.4 | ▲ 4.1 |
Key figures of EQUESTRIAN TECHNOLOGY, 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 EQUESTRIAN TECHNOLOGY?
What happened at EQUESTRIAN TECHNOLOGY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 315,907. Source: NBB ↗
- Emmanuel Boisdenghien became a director. NBB
- Alexandre Vandermeulen became a director. NBB
- Maxime Van Cutsem became a director. NBB
- Cédric Eloy became a director. NBB
- New establishment in Wavre. KBO
- Innov LM SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 35,000 profit in 2022 to € 315,907 loss in 2025.
Paid € 412 in corporate taxes since 2022.
Best year ever: 2022, with € 35,000 profit.
On average € 25,000 of value added per employee in 2025.
A new publication or filing at EQUESTRIAN TECHNOLOGY? 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
Management
The stake of GMP, B2START comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EQUESTRIAN TECHNOLOGYBehind EQUESTRIAN TECHNOLOGY are Emmanuel Boisdenghien, Innov LM SRL, Alexandre Vandermeulen, Maxime Van Cutsem and Cédric Eloy. The shares are held by GMP (11.2%) and B2START (5.7%).
Directors
According to the 2025 annual accounts
Emmanuel Boisdenghien
Director
since 2023
Director · represented by Loïc Massart
since 2020
Alexandre Vandermeulen
Director
since 2023
Maxime Van Cutsem
Director
since 2023
Cédric Eloy
Director
since 2023
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue des Moissons 13
1360 Perwez
Avenue Léonard de Vinci 18
1300 Wavre
Active since 29 December 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →SOPROMBAT
€ -1,264 gross margin · 2025
COGEBAT
€ 702,283 gross margin · 2025
MENUISERIE DE FRUTOS
€ 36,284 gross margin · 2024
PAVECA
€ -22,093 gross margin · 2023
PERSI
+5 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
- 0760.629.755
- VAT number
- BE 0760.629.755
- Registered office
- Avenue des Moissons 13, 1360 Perwez
- Names & denominations
- EQUESTRIAN TECHNOLOGY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2020
- Peppol
- Active · Active since 5 Jan 2021
- Activities · NACE
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Overige gespecialiseerde wetenschappelijke en technische activiteiten