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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORSES INVEST from Horebeke, company number BE0837623110, closed financial year 2025 with a result of € -22,545 after tax. For that financial year HORSES INVEST recorded a gross margin of € -17,075 and equity of € -288,982. Compared with financial year 2024, the result moved from € 82,624 to € -22,545. 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.
€ -288,982
▼ € 22,545 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,545
▼ still € 82,624 profit in 2024
Profit after tax over the fiscal year.
€ 2,761
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -348,982.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5
▼ € 2,283 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13
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 | € -27,180 | € 7,938 | € 85,007 | € -17,075 | ▼ € 102,082 |
| Profit after taxes | € -29,260 | € 5,582 | € 82,624 | € -22,545 | ▼ € 105,170 |
| Equity | € -354,643 | € -349,061 | € -266,437 | € -288,982 | ▼ € 22,545 |
| Total debts | € 430,173 | € 403,468 | € 311,808 | € 319,269 | ▲ 2% |
| Cash | € 2,736 | € 2,142 | € 5,128 | € 2,761 | ▼ 46% |
| Land & buildings | € 10,428 | € 9,572 | € 10,941 | € 9,972 | ▼ 9% |
| Retained profit | € -414,643 | € -409,061 | € -326,437 | € -348,982 | ▼ € 22,545 |
| Balance sheet total | € 75,531 | € 54,406 | € 45,371 | € 30,287 | ▼ 33% |
Key figures of HORSES INVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to HORSES INVEST?
What happened at HORSES INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,545 (▼ € 105,170 vs 2024). Source: NBB ↗
- New establishment in Horebeke. KBO
- Marie Thérèse Van Der Stichelen became a director. NBB
- Bako Horses BV became a director. NBB
- Jozef Bauters became a director. NBB
- Koenraad Bauters became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 29,260 loss in 2022 to € 22,545 loss in 2025.
Best year ever: 2024, with € 82,624 profit.
Management
The stake of BAKO HORSES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HORSES INVESTBehind HORSES INVEST are Marie Thérèse Van Der Stichelen, Bako Horses BV, Jozef Bauters and Koenraad Bauters. The shares are held by BAKO HORSES (0%).
Directors
According to the 2025 annual accounts
Marie Thérèse Van Der Stichelen
Director
since 2011
Director · represented by Koenraad Bauters
since 2011
Jozef Bauters
Director
Also active at: Belgian Warmblood - BWP, BELGISCHE CONFEDERATIE VAN HET PAARD, PAARDENPUNT VLAANDEREN
since 2011
Koenraad Bauters
Wettelijke vertegenwoordiger
since 2011
Shareholders
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Meersestraat 23
9667 Horebeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0837.623.110
- VAT number
- BE 0837.623.110
- Registered office
- Meersestraat 23, 9667 Horebeke
- Names & denominations
- HORSES INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2011
- Peppol
- Active · Active since 10 Jun 2026
- Activities · NACE
Groothandel in levend vee
Fokken en houden van paarden en andere paardachtigen
Sport- en recreatieonderwijs