Financials
Financial year 2025
HORSAVI from Oudergem, company number BE0811849319, closed financial year 2025 with a result of € 21,825 after tax. For that financial year HORSAVI recorded a gross margin of € 42,154 and equity of € 127,310. Compared with financial year 2024, the result moved from € 3,352 to € 21,825. Profitable, and profit is growing. 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 June 8, 2026.
€ 127,310
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,825
▲ € 18,474 vs 2024
Profit after tax over the fiscal year.
€ 17,848
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 118,210.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 16,943
▼ 49% vs 2024
Loans from banks and other lenders, long and short.
€ 603
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,500
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,930 | € 15,682 | € 21,009 | € 42,154 | ▲ 101% |
| Profit after taxes | € -10,081 | € -6,664 | € 3,352 | € 21,825 | ▲ € 18,474 |
| Equity | € 108,797 | € 102,133 | € 105,484 | € 127,310 | ▲ 21% |
| Total debts | € 81,276 | € 51,380 | € 38,225 | € 21,985 | ▼ 42% |
| Cash | € 14,358 | € 3,543 | € 13,205 | € 17,848 | ▲ 35% |
| Land & buildings | € 47,642 | € 41,227 | € 25,151 | € 8,901 | ▼ 65% |
| Retained profit | € 99,697 | € 93,033 | € 96,384 | € 118,210 | ▲ 23% |
| Bank debt | € 64,265 | € 49,054 | € 33,287 | € 16,943 | ▼ 49% |
| Balance sheet total | € 190,073 | € 153,513 | € 143,709 | € 149,295 | ▲ 4% |
Key figures of HORSAVI, 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 HORSAVI?
What happened at HORSAVI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 21,825 (▲ € 18,474 vs 2024). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 10,081 loss in 2022 to € 21,825 profit in 2025.
Paid € 2,518 in corporate taxes since 2022.
Best year ever: 2025, with € 21,825 profit.
Management
Behind HORSAVI is Yves Horsmans.
Directors
According to the 2025 annual accounts
Yves Horsmans
Director
Establishments
Establishment units
Physical locations of this company
Waterleliënlaan 11 box 15
1160 Oudergem
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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- HORSMANS Guy Charles Emile Jean Joseph(oprichter) 50%
- GERARD Nicole Marie Madeleine Juliette Ghislaine(oprichter) 50%
Details
- Company number
- 0811.849.319
- VAT number
- BE 0811.849.319
- Registered office
- Waterleliënlaan 11 bus 15, 1160 Oudergem
- Names & denominations
- HORSAVI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 2009
- Peppol
- Active · Active since 16 Jan 2026
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