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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Negative equity NBB
More debt than assets in 1 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 48 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
WAS Sport Horses from Tournai, company number BE0775482138, closed financial year 2025 with a result of € -33,597 after tax. For that financial year WAS Sport Horses recorded a gross margin of € 24,106 and equity of € -10,570. Compared with financial year 2024, the result moved from € -4,505 to € -33,597. 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 April 30, 2026.
€ -10,570
▼ € 33,597 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,597
▼ 646 % more loss than in 2024
Profit after tax over the fiscal year.
€ 5,426
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -20,570.
People and assets in 2025
2.2
Average over the fiscal year, from the social balance sheet.
€ 41,538
▲ 99% vs 2024
€ 18,900 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.
€ 485
▼ 93% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 910
▼ 68% vs 2024
Loans from banks and other lenders, long and short.
€ 16,471
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,312
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,055 | € 34,019 | € 35,765 | € 24,106 | ▼ 33% |
| Profit after taxes | € 16,482 | € 1,050 | € -4,505 | € -33,597 | ▼ € 29,091 |
| Equity | € 26,482 | € 27,531 | € 23,026 | € -10,570 | ▼ € 33,597 |
| Total debts | € 41,852 | € 36,679 | € 90,916 | € 67,964 | ▼ 25% |
| Cash | € 23,192 | € 11,633 | € 11,516 | € 5,426 | ▼ 53% |
| Land & buildings | € 8,734 | € 7,868 | - | - | |
| Retained profit | € 16,482 | € 17,531 | € 13,026 | € -20,570 | ▼ € 33,597 |
| Bank debt | € 0 | € 3,383 | € 2,870 | € 910 | ▼ 68% |
| Balance sheet total | € 68,334 | € 64,210 | € 113,942 | € 57,394 | ▼ 50% |
| Employees (FTE) | - | - | - | 2.2 |
Key figures of WAS Sport Horses, 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 WAS Sport Horses?
What happened at WAS Sport Horses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 33,597. Source: NBB ↗
- New establishment in Tournai. KBO
- LOUIS MAHIEU became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 16,482 profit in 2022 to € 33,597 loss in 2025.
Paid € 7,543 in corporate taxes since 2022.
Best year ever: 2022, with € 16,482 profit.
On average € 11,000 of value added per employee in 2025.
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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 WAS Sport Horses is LOUIS MAHIEU .
Directors
According to the 2025 annual accounts
LOUIS MAHIEU
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Rue Aulnois(BEC) 258
7532 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0775.482.138
- VAT number
- BE 0775.482.138
- Registered office
- Rue Aulnois(BEC) 258, 7532 Tournai
- Names & denominations
- WAS Sport Horses
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 October 2021
- Peppol
- Not registered
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Fokken en houden van andere runderen en buffels
Ondersteunende activiteiten in verband met de veeteelt
Behandeling van gewassen na de oogst en van zaden voor vermeerdering
Groothandel in levende dieren, muv levend vee
Fokken en houden van schapen en geiten
Zaadbewerking met het oog op vermeerdering