Skip to content

WDS HORSES

Active
Private limited company·Business and other management consultancy· 5 yrs active
Pardassenhoek 6 ·9550 Herzele, Belgium

WDS HORSES has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €3k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 4760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

KBO/BCE: BE 0768.648.388
Watch Print / PDF

Credit risk

Bankruptcy probability (12 mo)

0.4% Very low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Credit advice

verdict per amount and term

Timeline

What happened to this company, by date

1 of 2 acts read

Next filing fiscal year 2026 expected by 30-04-2027

2026
28-04-2026 NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04-2025 NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04-2024 NBB filing Annual accounts filed
fiscal year 2023 · micro schema
18-01-2024 State Gazette act Registered-office change
Paul De Man
2023
10-05-2023 NBB filing Annual accounts filed
fiscal year 2022 · micro schema
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Financials

Equity€110k+1.9%
2022: €68k 2023: €108k 2024: €108k
Total assets€986k-0.1%
2022: €562k 2023: €586k 2024: €987k
Net result€3k+223.4%
2022: €66k 2023: €40k 2024: €882
Working capital€-48k-92.3%
2022: €-57k 2023: €-50k 2024: €-25k

Turnover and EBIT margin not published: the micro schema does not require them.

Figures by fiscal year

fiscal year 2025 · micro schema
€0€20k€40k€60k€80kOperating result 2022: €73k€73kNet result 2022: €66k€66kOperating result 2023: €58k€58kNet result 2023: €40k€40kOperating result 2024: €14k€14kNet result 2024: €882€882Operating result 2025: €22k€22kNet result 2025: €3k€3k2022202320242025
Operating resultNet result
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 11.1% 55.4%
better than 20% of 4760 sector peers
Net result €3k €38k
better than 17% of 4760 sector peers
Equity €110k €64k
better than 66% of 4761 sector peers
Gross operating margin €139k €61k
better than 84% of 4753 sector peers
Total assets €986k €146k
better than 95% of 4761 sector peers
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P20
2022: P15 · n=69152023: P18 · n=101302024: P14 · n=124902025: P20 · n=47602022 2025
Stable position over 2022-2025 · n=4760-12490
Net result P17
2022: P80 · n=69142023: P61 · n=101242024: P17 · n=124922025: P17 · n=47602022 2025
Weakening position over 2022-2025 · n=4760-12492
Equity P66
2022: P64 · n=69232023: P72 · n=101372024: P68 · n=124982025: P66 · n=47612022 2025
Stable position over 2022-2025 · n=4761-12498
Gross operating margin P84
2022: P88 · n=69022023: P90 · n=101102024: P87 · n=124772025: P84 · n=47532022 2025
Stable position over 2022-2025 · n=4753-12477
EBITDA
€137k
-2.1% 22-25
Cash flow
€118k
-7.0% 22-25
Income taxes
€674
+250.0% 22-25
Dividends
€833
0.0% 22-25
Debt
€876k
-0.3% 22-25
Debt ≤ 1y
€490k
+10.1% 22-25
Debt > 1y
€386k
-11.0% 22-25
Current ratio
0.90
-4.4% 22-25
Quick ratio
0.36
+10.7% 22-25
Solvency
11.1%
+2.0% 22-25
Debt / equity
7.98
-2.2% 22-25
ROE
2.6%
+217.4% 22-25
ROA
0.3%
+223.6% 22-25
Interest coverage
7.57
-31.9% 22-25
Figures by fiscal year and ratios
Fiscal year2025
Depositmicro schema
Revenue-
EBITDA€137k
Net profit€3k
Cash flow€118k
Staff costs-
Income taxes€674
Dividends€833
Total assets€986k
Equity€110k
Debt€876k
of which ≤ 1y€490k
of which > 1y€386k
Working capital€-48k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.90
Quick ratio0.36
Working capital ratio-4.9%
Solvency11.1%
Debt / equity7.98
Long-term debt ratio3.52
Interest coverage7.57
Gross margin-
Net margin-
ROA0.3%
ROE2.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€986k
Fixed assets 21/28€544k
Tangible fixed assets 22/27€541k
Financial fixed assets 28€3k
Current assets 29/58€442k
Stocks & contracts in progress 3€264k
Amounts receivable within one year 40/41€161k
Cash & bank 54/58€15k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€986k
Equity 10/15€110k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€107k
Amounts payable 17/49€876k
Amounts payable after one year 17€386k
Amounts payable within one year 42/48€490k
Trade debts payable within one year 44€40k
Income statement
Gross operating margin 9900€139k
Operating result 9901€22k
Financial income 75€23
Financial charges 65€18k
Result before taxes 9903€4k
Income taxes 67/77€674
Net result for the period 9904€3k
Result to be appropriated 9905€3k

Signals

2 signals
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4760 sector peers (2025).
View the sector comparison
Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
No strikeouts found in the KBO publications · how complete this is
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Filing history by fiscal year and how the deadline is computed
Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-09-2025 30-04-2026 28-04-2026 2 d early 2026-00098987
30-09-2024 30-04-2025 30-04-2025 on the day 2025-00083122
30-09-2023 30-04-2024 29-04-2024 1 d early 2024-00075529
30-09-2022 30-04-2023 10-05-2023 10 d late 2023-00085168

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Locations & real estate

Registered office

exact location from the address register On OpenStreetMap
2 companies at this address See who is registered here

Establishment units

1 location
WDS HORSES
Pardassenhoek 6, 9550 HerzeleRaising of horses and other equines
since 20212.319.098.566
Parcels1
Ground area1,831 m²
Buildings1
Building footprint1,427 m²
Volume (LiDAR)6,312 m³
Tallest building9.5 m · ±1 fl.

Real-estate footprint

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41062C0116/00D000 Flanders 1,831 m² 1 · 1,427 m² 9.5 m · 1 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

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Business and other management consultancy70200Business consulting70220Mixed farming01500