Financials
Financial year 2025
Karel Cox Horses from Hechtel-Eksel, company number BE0811811806, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year Karel Cox Horses recorded revenue of € 15.3 million and equity of € 9.6 million. Compared with financial year 2024, the result moved from € 1.3 million to € 1.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 31, 2026.
€ 9.6 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 1.4 million
▲ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
0 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
13.9
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 667,715
▲ 3% vs 2024
€ 48,000 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.
€ 901,592
▲ 90% vs 2024
Of which on lease € 328,438.
Debts at end 2025
€ 6.5 million
▲ 14% vs 2024
€ 537,782 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 1.5 million
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.
€ 60,919
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 14,252,815 | € 15,314,952 | ▲ 7% |
| Gross margin | € 5,742,280 | € 3,877,316 | - | - | |
| Profit after taxes | € 2,739,276 | € 1,727,104 | € 1,322,701 | € 1,228,719 | ▼ 7% |
| Equity | € 5,366,034 | € 7,092,337 | € 8,414,205 | € 9,642,091 | ▲ 15% |
| Total debts | € 6,565,741 | € 8,492,155 | € 8,619,577 | € 8,315,694 | ▼ 4% |
| Cash | € 650,259 | € 2,077,368 | € 896,672 | € 1,350,745 | ▲ 51% |
| Land & buildings | € 3,987,078 | € 4,862,501 | € 4,797,347 | € 4,497,950 | ▼ 6% |
| Retained profit | € 5,257,484 | € 6,983,787 | € 8,305,655 | € 9,533,541 | ▲ 15% |
| Dividend | € 71,020 | € 800 | € 833 | € 833 | |
| Bank debt | € 4,380,458 | € 6,000,377 | € 5,647,841 | € 6,461,260 | ▲ 14% |
| Balance sheet total | € 11,943,524 | € 15,591,700 | € 17,036,448 | € 18,029,722 | ▲ 6% |
| Employees (FTE) | 11.2 | 13.2 | 14.8 | 13.9 | ▼ 0.9 |
Key figures of Karel Cox 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 March 2027.
What happened to Karel Cox Horses?
What happened at Karel Cox Horses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 7% vs 2024). Source: NBB ↗
- New establishment in Hechtel-Eksel. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.7 million profit in 2022 to € 1.2 million profit in 2025.
Paid € 2.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.7 million profit.
On average € 293,700 of value added per employee in 2023.
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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 Karel Cox Horses is Karel Cox. The shares are held by Karel Cox (100%).
Directors
According to the 2025 annual accounts
Shareholders
Karel Cox · director
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hechtelsebaan 47
3940 Hechtel-Eksel
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
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Website info
Features
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Details
- Company number
- 0811.811.806
- VAT number
- BE 0811.811.806
- Registered office
- Hechtelsebaan 47, 3940 Hechtel-Eksel
- Names & denominations
- Karel Cox Horses
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2009
- Peppol
- Active · Active since 8 Aug 2025
- Contact
- karelcox.be
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