Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GANTOISE HORSE ACADEMY from Merelbeke-Melle, company number BE0841504989, closed financial year 2025 with a result of € -38,729 after tax. For that financial year GANTOISE HORSE ACADEMY recorded a gross margin of € 46,299 and equity of € 100,050. Compared with financial year 2024, the result moved from € -47,536 to € -38,729. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ 100,050
▲ € 199,053 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,729
▲ 19 % less loss than in 2024
Profit after tax over the fiscal year.
€ 208
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -161,177.
People and assets in 2025
€ 32,385
▲ € 24,434 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 447,850
▼ 3% vs 2024
€ 44,620 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 32,861
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,007
▲ 127% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 71,091 | € 30,239 | € 24,442 | € 46,299 | ▲ 89% |
| Profit after taxes | € 9,534 | € -42,631 | € -47,536 | € -38,729 | ▲ € 8,808 |
| Equity | € -8,836 | € -51,467 | € -99,004 | € 100,050 | ▲ € 199,053 |
| Total debts | € 525,100 | € 485,567 | € 513,130 | € 529,291 | ▲ 3% |
| Cash | - | € 208 | € 208 | € 208 | |
| Land & buildings | € 402,435 | € 356,810 | € 326,092 | € 523,837 | ▲ 61% |
| Retained profit | € -27,436 | € -70,067 | € -117,604 | € -161,177 | ▼ € 43,573 |
| Bank debt | € 429,496 | € 438,323 | € 459,709 | € 447,850 | ▼ 3% |
| Balance sheet total | € 516,263 | € 434,100 | € 414,126 | € 629,341 | ▲ 52% |
Key figures of GANTOISE HORSE ACADEMY, 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 GANTOISE HORSE ACADEMY?
What happened at GANTOISE HORSE ACADEMY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 38,729. filed late Source: NBB ↗
- New establishment in Merelbeke-Melle. KBO
- Ellen Geeraerts became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,534 profit in 2022 to € 38,729 loss in 2025.
Paid € 7,339 in corporate taxes since 2022.
Best year ever: 2022, with € 9,534 profit.
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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 GANTOISE HORSE ACADEMY is Ellen Geeraerts.
Directors
According to the 2025 annual accounts
Ellen Geeraerts
Director
since 2011
Establishments
Establishment units
Physical locations of this company
Kouterslag 8
9090 Merelbeke-Melle
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
gantoisehorse.academy
Registered
2025-10-19
Registrar
Key-Systems, LLC
Expires
2026-10-19
Website info
Features
Security
Network
Details
- Company number
- 0841.504.989
- VAT number
- BE 0841.504.989
- Registered office
- Kouterslag 8, 9090 Merelbeke-Melle
- Names & denominations
- GANTOISE HORSE ACADEMY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 2011
- Peppol
- Active · Active since 28 May 2026
- Contact
- gantoisehorse.academy
- Activities · NACE
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