Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 1.3 to 0.6.
Financials
Financial year 2025
Natural Horse Paradise from Maldegem, company number BE0821775585, closed financial year 2025 with a result of € 17,866 after tax. For that financial year Natural Horse Paradise recorded a gross margin of € 188,182 and equity of € 267,239. Compared with financial year 2024, the result moved from € 42,289 to € 17,866. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ 267,239
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,866
▼ 58% vs 2024
Profit after tax over the fiscal year.
€ 27,267
▲ 37% 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 € 248,639.
People and assets in 2025
0.6
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 19,819
▼ 80% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 18,774
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 8% vs 2024
€ 102,063 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 23,487
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,784
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 293,607 | € 419,252 | € 188,182 | ▼ 55% |
| Profit after taxes | € 17,550 | € 42,289 | € 17,866 | ▼ 58% |
| Equity | € 194,683 | € 249,372 | € 267,239 | ▲ 7% |
| Total debts | € 1,429,655 | € 1,609,318 | € 1,427,064 | ▼ 11% |
| Cash | € 32,843 | € 19,849 | € 27,267 | ▲ 37% |
| Land & buildings | € 1,271,591 | € 1,529,640 | € 1,473,436 | ▼ 4% |
| Retained profit | € 188,483 | € 230,772 | € 248,639 | ▲ 8% |
| Bank debt | € 1,308,363 | € 1,447,669 | € 1,331,274 | ▼ 8% |
| Balance sheet total | € 1,624,338 | € 1,858,690 | € 1,694,303 | ▼ 9% |
| Employees (FTE) | 1.3 | 1.1 | 0.6 | ▼ 0.5 |
Key figures of Natural Horse Paradise, 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 October 2026.
What happened to Natural Horse Paradise?
What happened at Natural Horse Paradise in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,866 (▼ 58% vs 2024). Source: NBB ↗
- New establishment in Maldegem. KBO
- New establishment in Maldegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,550 profit in 2022 to € 17,866 profit in 2025.
Paid € 28,722 in corporate taxes since 2022.
Best year ever: 2024, with € 42,289 profit.
On average € 381,100 of value added per employee in 2024.
A new publication or filing at Natural Horse Paradise? 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 Natural Horse Paradise are Stefaan Verhegghe and Liesbeth De Clerck. The same people are also behind CELCIUS & KILOWATT.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Veldstraat 34
9990 Maldegem
Veldstraat 26
9990 Maldegem
Active since 24 December 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
Microsoft 365
Hosting
LEASEWEB-NL-AMS-01 Netherlands, NL
Website info
Features
Security
Details
- Company number
- 0821.775.585
- VAT number
- BE 0821.775.585
- Registered office
- Veldstraat 34, 9990 Maldegem
- Names & denominations
- Natural Horse Paradise
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 2009
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- staltvossenhol.be
- Activities · NACE
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