HORN EXPRESS
ActiveSummary
HORN EXPRESS has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €36k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 6717 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+6
Growth75▼-10
Track record92
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 6.27 against 2.94 in 2023; short-term debt: 16% and cash: 0.2% of total assets), and 16% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
181921222324
2018 to 2024 · latest year €36k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-02-2026, 209 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
209 d late
2023
573 d late
2022
939 d late
2021
1303 d late
2019
327 d late
2018
701 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Financials · fiscal year 2024, micro schema
Turnover
€57k▼ 30.6%
2023 · €82k
2021: €41k
2022: €76k
2023: €82k
2021 → 2024
EBIT margin
19.6%▼ 3.9pp
2023 · 23.5%
2021: 32.1%
2022: 12.3%
2023: 23.5%
2021 → 2024
Net result
€12k▼ 38.2%
2023 · €19k
2018: €-14k
2019: €-5k
2021: €13k
2022: €9k
2023: €19k
2018 → 2024
Working capital
€36k▲ 68.7%
2023 · €21k
2018: €-23k
2019: €-18k
2021: €-17k
2022: €-3k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Turnover€41k€76k▲ 83.2%€82k▲ 8.4%€57k▼ 30.6%
Equity€-18k-€-4k▲ 78.3%€5k€24k▲ 359%€36k▲ 48.3%
Operating result€-5k-€13k€9k▼ 29.8%€19k▲ 108%€11k▼ 42.3%
Net result€-5k-€13k€9k▼ 30.2%€19k▲ 109%€12k▼ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 42% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €43k
Equity
€36k ▲ 48.3%
Debt
€7k ▼ 38.0%
Debt's share of the balance-sheet total falls from 31.2% to 16.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▼
2023 · €24k
Cash flow
€15k▼
2023 · €24k
Current ratio
6.27▲
2023 · 2.94
Debt to equity
0.19▼
2023 · 0.45
ROE
32.6%▼
2023 · 78.2%
ROA
27.4%▼
2023 · 53.8%
Interest coverage
87.42▼
2023 · 142.22
Debt ≤ 1 year
€7k▼
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€36k€43k▲
Fixed assets21/28€3k€0▼
Tangible fixed assets22/27€3k€0▼
Furniture and vehicles24€3k€0▼
Current assets29/58€33k€43k▲
Amounts receivable within one year40/41€33k€43k▲
Trade receivables40€3k-
Other amounts receivable41€30k€43k▲
Cash at bank and in hand54/58€48€71▲
Equity and liabilities
Total equity and liabilities10/49€36k€43k▲
Equity10/15€24k€36k▲
Contributions10/11€35k€35k=
Profit (loss) carried forward14€-10k€2k▲
Amounts payable17/49€11k€7k▼
Amounts payable within one year42/48€11k€7k▼
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€3k-
Income statement
Code20232024
Turnover70€82k€57k▼
Goods, raw materials, services and sundry goods60/61€58k€42k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€257€351▲
Gross operating margin9900€24k€14k▼
Operating profit (loss)9901€19k€11k▼
Financial income75/76B-€844
Recurring financial income75-€844
Financial charges65/66B€170€161▼
Recurring financial charges65€170€161▼
Profit (loss) for the period before taxes9903€19k€12k▼
Profit (loss) for the period9904€19k€12k▼
Profit (loss) for the period to be appropriated9905€19k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€2k▲
Profit (loss) brought forward from the previous period14P€-29k€-10k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-03
KBO administration
Strikeout withdrawn
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 209 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 573 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 939 days late
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1303 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 6.27
Current ratio from 2.94 to 6.27; short-term debt falls from €11k to €7k.
2023
31-12
Financial
Highest result since 2018net €19k ▲109%
Operating result €19k, net result €19k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.94
Current ratio from 0.67 to 2.94.
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 701 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 327 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1050 days late
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1388 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tiensesteenweg 1363001 LeuvenGround area
131 m²
Building footprint
89 m²
Volume, LiDAR
621 m³
Parcel 24433E0082/00M002, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HORN EXPRESS SHOP
since 20162.253.876.657
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24433E0082/00M002 | Flanders | 131 m² | 1 · 89 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BRUSSELS EU EMPIRE LIMOUSINE
BE 0672.428.744
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SOROUSH
BE 0446.357.079
Brussel · Eq €36,301
COUMESH
BE 0458.067.553
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DAMAS CORP
BE 0686.984.583
Kraainem · Eq €36,162
GUTA EXPRESS
BE 0568.937.662
Kraainem · Eq €36,383
Of 6,686 companies in sector 49330 we hold annual accounts for 2,295. 1,944 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.