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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORSE AREL SRL from Arlon, company number BE0785321403, closed financial year 2025 with a result of € -15,136 after tax. For that financial year HORSE AREL SRL recorded a gross margin of € 35,529 and equity of € -19,722. Compared with financial year 2024, the result moved from € -4,699 to € -15,136. 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 August 20, 2026.
€ -19,722
▼ € 15,136 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,136
▼ 222 % more loss than in 2024
Profit after tax over the fiscal year.
€ 14,947
▲ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -109,722.
People and assets in 2025
€ 15,711
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 97,872
▼ 23% vs 2024
€ 30,208 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 28,920
▲ 256% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,768
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -89,117 | € 60,344 | € 24,149 | € 35,529 | ▲ 47% |
| Profit after taxes | € -118,673 | € 28,786 | € -4,699 | € -15,136 | ▼ € 10,438 |
| Equity | € -28,673 | € 113 | € -4,586 | € -19,722 | ▼ € 15,136 |
| Total debts | € 530,195 | € 516,344 | € 544,704 | € 573,749 | ▲ 5% |
| Cash | € 20,870 | € 3,921 | € 12,897 | € 14,947 | ▲ 16% |
| Land & buildings | € 217,015 | € 206,530 | € 196,045 | € 185,560 | ▼ 5% |
| Retained profit | € -118,673 | € -89,887 | € -94,586 | € -109,722 | ▼ € 15,136 |
| Bank debt | € 77,143 | € 107,857 | € 127,650 | € 97,872 | ▼ 23% |
| Balance sheet total | € 501,523 | € 516,458 | € 540,118 | € 554,026 | ▲ 3% |
Key figures of HORSE AREL SRL, 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 HORSE AREL SRL?
What happened at HORSE AREL SRL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 15,136. filed late Source: NBB ↗
- New establishment in Arlon. KBO
- Simon MATHIEU became a director. NBB
- Charline MATHIEU became a director. NBB
- Dominique MATHIEU became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 118,673 loss in 2022 to € 15,136 loss in 2025.
Best year ever: 2023, with € 28,786 profit.
A new publication or filing at HORSE AREL SRL? 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
Behind HORSE AREL SRL are Simon MATHIEU, Charline MATHIEU and Dominique MATHIEU. Charline MATHIEU is also behind VETAREL ASSOCIATION.
Directors
According to the 2025 annual accounts
Simon MATHIEU
Director
since 2022
since 2022
Dominique MATHIEU
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Bonnert, route de Bastogne 335
6700 Arlon
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Domain
Domain
arelagri.com
Registered
2009-02-07
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2027-02-07
Website info
Features
Security
Network
Details
- Company number
- 0785.321.403
- VAT number
- BE 0785.321.403
- Registered office
- Bonnert, route de Bastogne 335, 6700 Arlon
- Names & denominations
- HORSE AREL SRL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 2022
- Peppol
- Active · Active since 28 Dec 2025
- Contact
- arelagri.com
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Ondersteunende activiteiten in verband met de veeteelt
Veterinaire diensten
Gemengd landbouwbedrijf