Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.9 to 3.
Financials
Financial year 2025
HORPIROL from Tielt, company number BE0894715528, closed financial year 2025 with a result of € 181,042 after tax. For that financial year HORPIROL recorded a gross margin of € 540,444 and equity of € 536,621. Compared with financial year 2024, the result moved from € 59,043 to € 181,042. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 536,621
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 181,042
▲ 207% vs 2024
Profit after tax over the fiscal year.
€ 271,580
▲ 173% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 263,985 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
3
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 224,852
▼ 28% vs 2024
€ 75,000 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.
€ 6,737
▼ 75% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 310,222
▼ 26% vs 2024
€ 30,535 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 48,920
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,993
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 521,723 | € 467,173 | € 456,894 | € 540,444 | ▲ 18% |
| Profit after taxes | € 170,713 | € 61,712 | € 59,043 | € 181,042 | ▲ 207% |
| Equity | € 508,809 | € 570,521 | € 619,564 | € 536,621 | ▼ 13% |
| Total debts | € 586,597 | € 596,144 | € 587,713 | € 421,860 | ▼ 28% |
| Cash | € 349,429 | € 169,242 | € 99,387 | € 271,580 | ▲ 173% |
| Land & buildings | € 546,088 | € 526,890 | € 507,692 | € 489,274 | ▼ 4% |
| Retained profit | € 483,809 | € 545,521 | € 594,564 | € 511,621 | ▼ 14% |
| Dividend | € 111,266 | € 0 | € 10,000 | € 263,985 | ▲ € 253,985 |
| Bank debt | € 423,760 | € 384,166 | € 416,802 | € 310,222 | ▼ 26% |
| Balance sheet total | € 1,095,406 | € 1,166,664 | € 1,207,277 | € 958,481 | ▼ 21% |
| Employees (FTE) | 4.6 | 4.9 | 4.3 | 3 | ▼ 1.3 |
Key figures of HORPIROL, 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 HORPIROL?
What happened at HORPIROL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 181,042 (▲ 207% vs 2024). Source: NBB ↗
- New establishment in Tielt. KBO
- Pieter Poelvoorde became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 170,713 profit in 2022 to € 181,042 profit in 2025.
Paid € 208,204 in corporate taxes since 2022.
Best year ever: 2025, with € 181,042 profit.
On average € 180,100 of value added per employee in 2025.
A new publication or filing at HORPIROL? We notify you, reason included.
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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 HORPIROL is Pieter Poelvoorde. Pieter Poelvoorde is also behind Sunsails Export.
Directors
According to the 2025 annual accounts
since 2008
Establishments
Establishment units
Physical locations of this company
Lammersakker 6
8700 Tielt
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
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
horpirol.be
Registered
2005-08-11
Website info
Features
Security
Network
Details
- Company number
- 0894.715.528
- VAT number
- BE 0894.715.528
- Registered office
- Lammersakker 6, 8700 Tielt
- Names & denominations
- HORPIROL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 2008
- Peppol
- Active · Active since 24 Nov 2023
- Contact
- horpirol.be
- Activities · NACE
Schrijnwerk
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Ontwikkeling van niet-residentiële bouwprojecten
Ontwikkeling van residentiële bouwprojecten
Overige gespecialiseerde bouwactiviteiten, neg
Handel in eigen onroerend goed
Restaureren van bouwwerken