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HORECAMAT

Active
Private limited companyfounded 2018active for 7 yearsRue des Hauts Arbres 28, 7950 Chièvres, BelgiumKBO/BCE: BE 0715.566.525
Summary

The computed 12-month bankruptcy probability of HORECAMAT is 12.5% (high). The annual accounts of HORECAMAT for financial year 2024 show a net loss of 88% of the equity at the start of that year. The 2024 annual accounts show equity of €10,285 and a net result of -€72,316. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 15,442 sector peers (NACE 46, financial year 2024). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
HORECAMATActiveChecked score 28/100
Risk analysis ReportCompare

Overview

Activity
Agents in the wholesale of furniture, household goods and hardware
NACE 46150
1 site
Size
≈ €98,000turnover 2024, estimated
Staff
0.8 FTE
Equity
€10,285
Loss
-€72,316
Turnover estimated from the gross margin
Financial health
28 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
12.5%
Structure
2025 accounts not filed, 92 days past the deadline2 of 3 deeds summarised
Why 28raises riskFigures for financial year 2024 (filed 24-09-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 54 days late; 2 of the last 3 lateLiquidity: current ratio 0.14, cash €248Show the evidence

Checked score

Score 2024
28 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 15% of its sector peers (NACE 46, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 28-14
equity 3.0% of total assets
Liquidity 32-5
short-term debt 39.0% · cash 0.1%
Profitability 0-78
return on assets -20.8%
Bankruptcy probability, 12 months
12.5% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: 2.5% 12-2024: 2.5%● unchanged vs 11-2024 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.3%▼ -0.2 percentage points vs 02-2025 04-2025: 2.2%▼ -0.1 percentage points vs 03-2025 05-2025: 2.2%● unchanged vs 04-2025 06-2025: 2.1%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 2.1%● unchanged vs 06-2025 08-2025: 4.8%▲ +2.7 percentage points vs 07-2025 09-2025: 5.4%▲ +0.6 percentage points vs 08-2025 10-2025: 6.9%▲ +1.5 percentage points vs 09-2025 11-2025: 6.9%● unchanged vs 10-2025 12-2025: 6.9%● unchanged vs 11-2025 01-2026: 6.9%● unchanged vs 12-2025 02-2026: 6.9%● unchanged vs 01-2026 03-2026: 6.9%● unchanged vs 02-2026 04-2026: 7.1%▲ +0.2 percentage points vs 03-2026 05-2026: 7.0%▼ -0.1 percentage points vs 04-2026 06-2026: 6.8%▼ -0.2 percentage points vs 05-2026 07-2026: 6.5%▼ -0.3 percentage points vs 06-2026 08-2026: 7.7%▲ +1.2 percentage points vs 07-2026 09-2026: 8.4%▲ +0.7 percentage points vs 08-2026 10-2026: 12.5%▲ +4.1 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.14, compared with 0.66 in 2023, below 1; short-term debt: 39% and cash: 0.1% of total assets), and 97% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 18% on solvency, 29% on liquidity, 6% on profitability and 5% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises risk
raises risk · Figures for financial year 2024 (filed 24-09-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 54 days late; 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 0.14, cash €248
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 15442 sector peers (2024).
NBB · sector comparison
Position among 15442 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 92 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline31-10-2026 today
raises risk · 2024 accounts filed 54 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filings
Deviation from the deadline
2025
not filed
2024
54 days late
2023
37 days late
2022
75 days early
2021
5 days early
2020
17 days late
2019
7 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 6 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Registered officeRegistered-office move
  3. Weakest financial yearnet -€72,316

Key points

  • Risk: 2025 accounts not fileddeadline was 31-07-2026 92 days past the deadline View
  • Caution: Equity fell in 2024from €82,601 to €10,285 ▼ 87.5% View
  • Caution: Among the weakest 5% on net resultsector median €4,936 · 15,424 companies -€72,316 View

By topic

Financials

Financial year
2024
Total assets
€347,713
Loss
-€72,316
Solvency
3.0%
Total assets▼ 27.1%
Net result
20192024
Go to Financials

Timeline

Events
11
Since
2020
  1. 06-09-2024Annual accounts filed
  2. 22-12-2023Resignation: LEBAILLY Charles-Henry (manager)
  3. 17-05-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Agents in the wholesale of furniture, household goods…NACE 46150
Founded
06-12-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
26
Annual meeting
Second Saturday of May at 18:00
Purpose
“L’achat,la vente,le placement,l’entretien,l’importation,l’exportation,en gros et en…” (deed in French)
Go to Articles of association

Key facts about HORECAMAT

What is the company number of HORECAMAT?
0715.566.525. In Belgium the VAT number is the company number with BE in front: BE 0715.566.525.
Where is HORECAMAT based?
The registered office is at Rue des Hauts Arbres 28, 7950 Chièvres.Company details
What does HORECAMAT do?
According to the KBO register, the main activity is agents in the wholesale of furniture, household goods and hardware (NACE 46150).
What is the legal form of HORECAMAT?
Private limited company (BV).
When was HORECAMAT founded?
On 06-12-2018.
Is HORECAMAT still active?
Yes, HORECAMAT is an active enterprise in the KBO register.
How many employees does HORECAMAT have?
On average 0.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of HORECAMAT?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is HORECAMAT profitable?
In financial year 2024, HORECAMAT made a loss of €72,316.
Where can I find the annual accounts of HORECAMAT?
HORECAMAT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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