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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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORECONSULT from Brugge, company number BE0873123526, closed financial year 2025 with a result of € 72,455 after tax. For that financial year HORECONSULT recorded a gross margin of € 132,381 and equity of € 40,367. Compared with financial year 2024, the result moved from € 6,659 to € 72,455. Profitable, and profit is growing. The buffer shrank hard: equity is 78 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 21, 2026.
€ 40,367
▼ 78% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72,455
▲ € 65,795 vs 2024
Profit after tax over the fiscal year.
€ 4,865
▼ 87% 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 € 32,066.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 620
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 199,573
▼ 49% vs 2024
€ 29,377 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 4,224
▼ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,723
▼ 66% 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 | € 87,913 | € 111,960 | € 70,847 | € 132,381 | ▲ 87% |
| Profit after taxes | € 54,694 | € 40,476 | € 6,659 | € 72,455 | ▲ € 65,795 |
| Equity | € 139,003 | € 179,480 | € 186,139 | € 40,367 | ▼ 78% |
| Total debts | € 547,309 | € 605,992 | € 578,081 | € 227,414 | ▼ 61% |
| Cash | € 99,147 | € 109,965 | € 37,448 | € 4,865 | ▼ 87% |
| Land & buildings | € 255,584 | € 347,976 | € 298,492 | € 195,421 | ▼ 35% |
| Retained profit | € 79,003 | € 119,480 | € 126,139 | € 32,066 | ▼ 75% |
| Dividend | € 28,979 | € 0 | € 0 | € 0 | |
| Bank debt | € 345,345 | € 429,172 | € 393,322 | € 199,573 | ▼ 49% |
| Balance sheet total | € 701,645 | € 799,088 | € 776,119 | € 267,781 | ▼ 65% |
Key figures of HORECONSULT, 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 HORECONSULT?
What happened at HORECONSULT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 72,455 (▲ € 65,795 vs 2024). filed late Source: NBB ↗
- Sarah Boelaert became a director. NBB
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,694 profit in 2022 to € 72,455 profit in 2025.
Paid € 57,628 in corporate taxes since 2022.
Best year ever: 2025, with € 72,455 profit.
Paid out € 28,979 in dividends to the owners in total.
Management
Behind HORECONSULT is Sarah Boelaert. It owns 100% of Paola Margeritha, 99.5% of Acasa Holding BV and 33.3% of Ruthimmo itself.
Directors
According to the 2025 annual accounts
Sarah Boelaert
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Aandenkooi 1
8200 Brugge
Distellaan 48
8434 Middelkerke
Active since 15 June 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0873.123.526
- VAT number
- BE 0873.123.526
- Registered office
- Aandenkooi 1, 8200 Brugge
- Names & denominations
- HORECONSULT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 2005
- Peppol
- Active · Active since 9 Mar 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Fokken en houden van paarden en andere paardachtigen