Equity
€87,471 from €156,977 in 2021
Equity fell by 44% in 4 years.
DISTRIBOEK
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €412,033 (2007)
€167,542▲ 19.7%
lowest -€23,977 (2006)
€321▲ €21,436
peak €156,977 (2021)
€87,471▲ 0.4%
€283,823▼ 3.7%
peak 10.2 FTE (2006)
-not published
Board16 names since 2017all names
6 directorsIvan van Cauwenberghe and 5 others
Owners4 names in the annual accounts
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Gross margin from €139,928 to €167,542Back to profit: €321Resignation: Johan Van hunsel (member of the general meeting… 08-01
Key points
from the 2025 annual accountsTurnover
≈ €860,000 estimated
The accounts state no turnover.
Debts
€283,823 76% of the balance sheet
Financial debts 3%Suppliers 6%Taxes and wages 8%Other 83%
Of this, €49,290 falls due within a year.
Staff
2.6 FTE from 10.2 in 2006
Between 2006 and 2025, 75% of the full-time equivalents disappeared.
Liquidity
4.52 was 0.77 in 2024
Short-term debts fell from €272,508 to €49,290.
Filings
32 annual accounts since 1994
Two of the last ten came late. The 2023 accounts came latest: 27 days after the end of the period.
Checked score
94
Excellent
Financially stronger than 55% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.2%▼ -0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Equity €87,471 (23.6% of total assets)
lowers risk
Liquidity: current ratio 4.52, cash €134,141
Founded in 1993
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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). It does better than 34% of them on solvency, 91% on liquidity, 51% on profitability and 42% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,984 companies had the same profile as DISTRIBOEK has now. Each dot stands for 10 companies, two years later.
96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DISTRIBOEK itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for DISTRIBOEK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.52 (0.77 in 2024), above the usual 1.5. Short-term debt is 13.3% and cash 36.1% of total assets. However, 76.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 days late
2024
on the day
2023
27 days late
2022
13 days early
2021
18 days early
2020
11 days early
2019
99 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451486894
Resignation: Johan Van hunsel (member of the general meeting and director)
General meeting of 22-06-2024 · Gazette deed
6 directors appointed, 3 resignations
Appointments: Peter De Wilde, Wilfried Rombauts, Johan Van hunsel, Paul Carteus, Theo Willems and Ivan van Cauwenberghe · Resignations: Cools Hans, Suykens Luc and Opdedrynck & Pauwels bvba · Permanent representative: Kris Opdedrynck · General meeting of 05-05-2021 · Gazette deed
Appointment: Opdedrynck & Pauwels byba (gedelegeerd bestuurder ad interim)
Permanent representative: Kris Opdedrynck · Board meeting of 20-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DISTRIBOEK Holsbeek | €371,294 | €167,542 | 23.6% | - |
| SOFAN Tienen | €643,517 | €217,684 | 67.9% | - |
| AMYRIS Enghien | €448,057 | €132,592 | -43.0% | - |
| Himrey Screen Bruges | €422,854 | €256,480 | 65.4% | 4 |
| LELONG & Fils Mettet | €493,967 | €78,433 | 55.4% | 0.1 |
| PARADIFFUSION Ixelles | €437,027 | €83,779 | 28.0% | - |
| Mondikaarten Zottegem | €617,366 | €88,536 | 32.7% | - |
These companies have the same main activity as DISTRIBOEK: wholesale trade (NACE 46491). They are comparable in size and age: total assets between €423,000 and €644,000, founded between 1989 and 1996.
Official details
Source: KBO- Status
- Active since 16-12-1993Normal situation
- Activity
- Wholesale tradeNACE 46491
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.065.010.1353220 Holsbeek, since 07-01-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 26-06-2025
Insights on DISTRIBOEK
DISTRIBOEK files the abbreviated format. That format states no turnover. The gross margin fell from €382,632 in 2006 to €167,542 in 2025.
In April 2022, the Official Gazette published the appointment of Peter De Wilde as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DISTRIBOEK
- What is the company number of DISTRIBOEK?
- The company number of DISTRIBOEK is 0451.486.894. The VAT number is the same number with BE in front: BE 0451.486.894.
- Where is DISTRIBOEK based?
- The registered office is at De Vunt 5, 3220 Holsbeek.Company details
- What does DISTRIBOEK do?
- According to the KBO register, the main activity is wholesale trade (NACE 46491).
- What is the legal form of DISTRIBOEK?
- DISTRIBOEK is a public limited company (NV).
- When was DISTRIBOEK founded?
- DISTRIBOEK was founded on 16-12-1993.
- Is DISTRIBOEK still active?
- Yes, DISTRIBOEK is an active enterprise in the KBO register.
- How many employees does DISTRIBOEK have?
- DISTRIBOEK had an average of 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does DISTRIBOEK fall under?
- In its 2023 annual accounts, DISTRIBOEK states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of DISTRIBOEK?
- The turnover in financial year 2025 is ≈ €860,000. This figure is estimated from the gross margin of €167,542 and 102 comparable companies (NACE 46). It probably lies between €430,000 and €1.5m.
- Is DISTRIBOEK profitable?
- In financial year 2025, DISTRIBOEK made a profit of €321.
- Where can I find the annual accounts of DISTRIBOEK?
- DISTRIBOEK filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DISTRIBOEK due?
- DISTRIBOEK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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