Financials
Financial year 2025
Horse Projects from Anzegem, company number BE0842550116, closed financial year 2025 with a result of € 202,096 after tax. For that financial year Horse Projects recorded a gross margin of € 317,986 and equity of € 1 million. Compared with financial year 2024, the result moved from € 171,521 to € 202,096. 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 September 21, 2026.
€ 1 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 202,096
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 351,769
▲ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2,000 paid out
1 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 80,874
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 61,975
▼ 25% vs 2024
€ 21,010 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5,131
Supplier invoices still open on the last day of the fiscal year.
€ 19,926
▲ 15% vs 2024
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 | € 187,655 | € 186,661 | € 280,886 | € 317,986 | ▲ 13% |
| Profit after taxes | € 108,066 | € 107,270 | € 171,521 | € 202,096 | ▲ 18% |
| Equity | € 567,314 | € 673,785 | € 844,505 | € 1,044,601 | ▲ 24% |
| Total debts | € 340,643 | € 313,487 | € 353,082 | € 374,004 | ▲ 6% |
| Cash | € 453,551 | € 146,767 | € 207,087 | € 351,769 | ▲ 70% |
| Land & buildings | € 25,638 | € 24,047 | € 24,315 | € 313,031 | ▲ € 288,716 |
| Retained profit | € 537,314 | € 643,785 | € 814,505 | € 1,014,601 | ▲ 25% |
| Dividend | € 0 | € 800 | € 800 | € 2,000 | ▲ 150% |
| Bank debt | € 41,943 | € 37,874 | € 82,399 | € 61,975 | ▼ 25% |
| Balance sheet total | € 907,957 | € 987,272 | € 1,197,587 | € 1,418,605 | ▲ 18% |
Key figures of Horse Projects, 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 Horse Projects?
What happened at Horse Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 202,096 (▲ 18% vs 2024). filed late Source: NBB ↗
- New establishment in Zwevegem. KBO
- New establishment in Anzegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 108,066 profit in 2022 to € 202,096 profit in 2025.
Paid € 239,174 in corporate taxes since 2022.
Best year ever: 2025, with € 202,096 profit.
Paid out € 3,600 in dividends to the owners in total.
Management
Behind Horse Projects is BART GEVAERT.
Directors
According to the 2025 annual accounts
BART GEVAERT
Director
Establishments
Establishment units
Physical locations of this company
Astweg 2
8570 Anzegem
Tiegemstraat(O) 18 box b
8553 Zwevegem
Active since 4 July 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0842.550.116
- VAT number
- BE 0842.550.116
- Registered office
- Astweg 2, 8570 Anzegem
- Names & denominations
- Horse Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2012
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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