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 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HORIZON RETAIL INVESTERINGEN WP from Oostende, company number BE0895655438, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year HORIZON RETAIL INVESTERINGEN WP recorded a gross margin of € -17,052 and equity of € 17.8 million. Compared with financial year 2024, the result moved from € 1 million to € 1.3 million. 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 June 25, 2026.
€ 17.8 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 26% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 6.4 million.
Debts at end 2025
€ 26.7 million
▲ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 5,163
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 74,095
▼ 78% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 20,539 | € 45,277 | € -9,119 | € -17,052 | ▼ € 7,933 |
| Profit after taxes | € 728,015 | € 924,878 | € 1,038,908 | € 1,312,166 | ▲ 26% |
| Equity | € 14,889,302 | € 15,814,180 | € 16,853,087 | € 17,836,598 | ▲ 6% |
| Total debts | € 24,362,225 | € 24,637,712 | € 23,597,905 | € 29,640,090 | ▲ 26% |
| Cash | € 16,053 | - | € 41,499 | - | |
| Land & buildings | € 587,490 | € 546,229 | € 523,359 | - | |
| Retained profit | € 3,086,163 | € 4,023,282 | € 5,074,432 | € 6,386,598 | ▲ 26% |
| Bank debt | € 23,363,994 | € 23,808,308 | € 22,761,424 | € 26,659,218 | ▲ 17% |
| Balance sheet total | € 39,251,527 | € 40,451,891 | € 40,450,993 | € 47,476,688 | ▲ 17% |
Key figures of HORIZON RETAIL INVESTERINGEN WP, 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 HORIZON RETAIL INVESTERINGEN WP?
What happened at HORIZON RETAIL INVESTERINGEN WP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 26% vs 2024). Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 728,015 profit in 2022 to € 1.3 million profit in 2025.
Paid € 1.7 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
A new publication or filing at HORIZON RETAIL INVESTERINGEN WP? 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
The stake of 2IM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HORIZON RETAIL INVESTERINGEN WPBehind HORIZON RETAIL INVESTERINGEN WP are William Vanmoerkerke, Edith De Ketelaere and Olivia Vanmoerkerke. The shares are held by 2IM (1.2%). It owns 30.4% of QRF itself.
Directors
According to the 2025 annual accounts
William Vanmoerkerke
bestuurder
Also active at: RESTOTEL, HOTEL BEL EUR, HORIZON RETAIL INVESTERINGEN MVV, 2IM, NOORDZEE INVESTMENTS
Edith De Ketelaere
bestuurder
Also active at: RESTOTEL, HOTEL BEL EUR, HORIZON RETAIL INVESTERINGEN MVV, 2IM, NOORDZEE INVESTMENTS
Olivia Vanmoerkerke
bestuurder
Also active at: RESTOTEL, HOTEL BEL EUR, KEIGNAERT INVEST, HORIZON RETAIL INVESTERINGEN MVV, AMPLA HOUSE PROPERTIES, AVENUE PROJECTS, HIEVAM, 2IM +1 more
Shareholders
1.2%
Participations
30.4%
Establishments
Establishment units
Physical locations of this company
Oud Vliegveld 12
8400 Oostende
Oud Vliegveld 10
8400 Oostende
Active since 8 February 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →HOTEL BEL EUR same network
€ 300,180 gross margin · 2025
KEIGNAERT INVEST same network
€ 59,911 gross margin · 2025
HORIZON RETAIL INVESTERINGEN MVV same network
€ -3,539 gross margin · 2025
QRF MANAGEMENT
€ 368,811 gross margin · 2023
De Noordzee
+4 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
- 0895.655.438
- VAT number
- BE 0895.655.438
- Registered office
- Oud Vliegveld 12, 8400 Oostende
- Names & denominations
- HORIZON RETAIL INVESTERINGEN WP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2008
- Peppol
- Active · Active since 29 Dec 2025