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 2023 and 2024.
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Shrinking team NBB
FTE fell two years in a row, from 8 to 7.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
HORIZON PLEIADES from Liège, company number BE0867447640, closed financial year 2024 with a result of € -2.3 million after tax. For that financial year HORIZON PLEIADES recorded a gross margin of € 137,698 and equity of € 1.1 million. Compared with financial year 2023, the result moved from € -612,742 to € -2.3 million. The company made a loss. The buffer shrank hard: equity is 67 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 19, 2025.
€ 1.1 million
▼ 67% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.3 million
▼ 272 % more loss than in 2023
Profit after tax over the fiscal year.
€ 113,991
▲ € 113,209 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.9 million.
People and assets in 2024
7
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 391,247
▼ 8% vs 2023
€ 55,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 778
▼ 16% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 22.5 million
▼ 1% vs 2023
Loans from banks and other lenders, long and short.
€ 475,707
▲ 110% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 101,382
▲ 43% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,465,348 | € 1,187,522 | € 328,424 | € 137,698 | ▼ 58% |
| Profit after taxes | € -3,291,224 | € -554,275 | € -612,742 | € -2,278,365 | ▼ € 1.7 million |
| Equity | € 4,586,920 | € 4,032,644 | € 3,419,902 | € 1,141,537 | ▼ 67% |
| Total debts | € 30,449,401 | € 33,620,329 | € 35,749,481 | € 38,145,982 | ▲ 7% |
| Cash | € 28,201 | € 19,120 | € 782 | € 113,991 | ▲ € 113,209 |
| Retained profit | € -3,413,080 | € -3,967,356 | € -4,580,098 | € -6,858,463 | ▼ € 2.3 million |
| Bank debt | € 24,033,145 | € 24,123,596 | € 22,735,270 | € 22,544,648 | ▼ 1% |
| Balance sheet total | € 35,036,321 | € 37,652,973 | € 39,169,383 | € 39,287,519 | |
| Employees (FTE) | 5 | 8 | 7.5 | 7 | ▼ 0.5 |
Key figures of HORIZON PLEIADES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to HORIZON PLEIADES?
What happened at HORIZON PLEIADES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MIMOB SA stepped down as director. NBB
- HORIZON CONSTRUCT SA stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 2.3 million. filed late Source: NBB ↗
- MIMOB SA became a director. NBB
- HORIZON CONSTRUCT SA became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.3 million loss in 2021 to € 2.3 million loss in 2024.
Paid € 160,780 in corporate taxes since 2021.
On average € 19,700 of value added per employee in 2024.
Management
The shares are held by MIMOB SA (81.3%) and HML SA (18.8%). It owns 100% of MABOTTE, 100% of FLERON IMMO, 100% of POSSON, 100% of LES VILLAS DE BALMORAL, 100% of BLONDEN PARKING and 100% of RESEAU D'EAU PURIFIEES itself.
Directors
According to the 2024 annual accounts
Director · represented by FLORENT MINGUET
Also active at: CHEVALIER, ATHENA HMW, EVO-Sun, IMMOPLEIADES, NEXT ENERGY, IMMOCHERA, HOLDING MINGUET LEJEUNE, B.D.L.H.
since 2022 · until 2028
Director · represented by Laurent MINGUET
Also active at: ALL THERMIC SOLUTIONS, Invest Minguet Gestion, CHARL, Systèmes Photovoltaïques Wallons, MABOTTE, IMMOPLEIADES, DEMINA, NEXT ENERGY +12 more
since 2022 · until 2028
Participations
100%
100%
100%
100%
100%
100%
75%
Establishments
Establishment units
Physical locations of this company
Rue Natalis 2
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
All companies at this address →ALL THERMIC SOLUTIONS same network
€ 388,558 gross margin · 2025
Invest Minguet Gestion same network
€ 827,890 revenue · 2024
CHEVALIER same network
€ -1,619 gross margin · 2025
SYSTÈMES PHOTOVOLTAÏQUES
€ 25,497 gross margin · 2025
Systèmes Photovoltaïques Wallons same network
€ 1.9 million gross margin · 2025
+53 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
- 0867.447.640
- VAT number
- BE 0867.447.640
- Registered office
- Rue Natalis 2, 4020 Liège
- Names & denominations
- HORIZON PLEIADES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 2004
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Projectontwikkeling voor infrastructuurwerken
Ontwikkeling van niet-residentiële bouwprojecten