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 24 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
95 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HORSECONSULT from Sint-Niklaas, company number BE0859926774, closed financial year 2025 with a result of € 10,520 after tax. For that financial year HORSECONSULT recorded revenue of € 483,720 and equity of € 30,035. Compared with financial year 2024, the result moved from € 12,796 to € 10,520. 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 July 30, 2026.
€ 30,035
▲ 54% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,520
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 4,286
▼ 48% 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 € 11,435.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 72,933
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,527
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 24,803
▼ 38% vs 2024
€ 3,819 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 33,316
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,702
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 483,720 | |
| Gross margin | € 16,032 | € 51,085 | € 107,889 | € 130,990 | ▲ 21% |
| Profit after taxes | € -4,073 | € -10,103 | € 12,796 | € 10,520 | ▼ 18% |
| Equity | € 16,822 | € 6,719 | € 19,515 | € 30,035 | ▲ 54% |
| Total debts | € 210,712 | € 227,955 | € 212,566 | € 160,824 | ▼ 24% |
| Cash | € 16,654 | € 0 | € 8,296 | € 4,286 | ▼ 48% |
| Retained profit | € -1,778 | € -11,881 | € 915 | € 11,435 | ▲ € 10,520 |
| Bank debt | € 42,492 | € 50,773 | € 39,689 | € 24,803 | ▼ 38% |
| Balance sheet total | € 227,535 | € 234,674 | € 232,081 | € 190,859 | ▼ 18% |
Key figures of HORSECONSULT, 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 HORSECONSULT?
What happened at HORSECONSULT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,520 (▼ 18% vs 2024). Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Galin Ivanov became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,073 loss in 2022 to € 10,520 profit in 2025.
Paid € 4,226 in corporate taxes since 2022.
Best year ever: 2024, with € 12,796 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
Directors
According to the 2025 annual accounts
Galin Ivanov
Director
since 2003
Establishments
Establishment units
Physical locations of this company
Industriepark-West 75
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 95 companies are registered at this address.
All companies at this address →LFB Benelux
€ 834,400 gross margin · 2024
AERO PRODUCTS
€ -1,440 gross margin · 2025
BAKKERS VLAANDEREN
BEDRIJVENCENTRUM WAASLAND
€ 690,327 gross margin · 2025
Angst + Pfister N.V./S.A.
€ 68,532 gross margin · 2025
+90 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0859.926.774
- VAT number
- BE 0859.926.774
- Registered office
- Industriepark-West 75, 9100 Sint-Niklaas
- Names & denominations
- HORSECONSULT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 August 2003
- Peppol
- Active · Active since 14 Nov 2025
- Activities · NACE
Goederenvervoer over de weg
Logistieke diensten
Fokken en houden van paarden en andere paardachtigen
Overige vervoerondersteunende activiteiten