DISTRIBIO

Active

Public limited companyfounded 198739 yrs activeAvenue Thomas Edison 152, 1402 Nivelles, BelgiumKBO/BCE: BE 0431.987.718

DISTRIBIO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-74k) and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

42 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability39▲+39

Solvency20▲+2

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.83 against 0.83 in 2023; short-term debt: 87.7% and cash: 2.1% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-5.4%

Return on assets

0.9%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 5988 sector peers (2024).

NBB · sector comparison

Position among 5988 sector peers

Solvency

better than 7%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

30 d late

2022

17 d early

2021

31 d late

2020

72 d early

2019

59 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€13k

2023 · €-577k

2018: €-85k 2019: €123k 2020: €199k 2021: €50k 2022: €-3k 2023: €-577k

2018 → 2024

Working capital

€-198k▼ 13.2%

2023 · €-175k

2018: €165k 2019: €537k 2020: €533k 2021: €434k 2022: €326k 2023: €-175k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€444k-€494k▲ 11.2%€491k▼ 0.7%€-87k€-74k▲ 14.6%

Operating result€277k-€85k▼ 69.2%€-5k€-518k▼ 9,328%€61k

Net result€199k-€50k▼ 75.0%€-3k€-577k▼ 17,473%€13k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €61k after a loss of €518k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.36M

26.9%

73.1%

Fixed assets €365k▼ 1.5%

Current assets €993k▲ 15.3%

Key figures and ratios

2024 value · change against 2023

EBITDA

€109k▲

2023 · €-469k

Cash flow

€61k▲

2023 · €-528k

Solvency

-5.4%▲

2023 · -7.0%

Current ratio

0.83▲

2023 · 0.83

Quick ratio

0.51▼

2023 · 0.51

Debt / equity

-19.37▼

2023 · -15.22

ROA

0.9%▲

2023 · -46.9%

Interest coverage

2.33▲

2023 · -11.77

Debt

€1.43M▲

2023 · €1.32M

Debt ≤ 1 year

€1.19M▲

2023 · €1.04M

Debt > 1 year

€241k▼

2023 · €282k

Income taxes

€1k▲

2023 · €968

Staff costs

€657k▼

2023 · €717k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.23M€1.36M▲

Fixed assets21/28€370k€365k▼

Intangible fixed assets21€114k€122k▲

Tangible fixed assets22/27€118k€103k▼

Plant, machinery and equipment23€1k€587▼

Furniture and vehicles24€5k€4k▼

Leasing and similar rights25€85k€75k▼

Other tangible fixed assets26€27k€24k▼

Financial fixed assets28€139k€139k=

Current assets29/58€861k€993k▲

Stocks and contracts in progress3€332k€386k▲

Stocks30/36€332k€386k▲

Amounts receivable within one year40/41€503k€562k▲

Trade receivables40€491k€471k▼

Other amounts receivable41€12k€91k▲

Cash at bank and in hand54/58€20k€28k▲

Deferred charges and accrued income490/1€6k€16k▲

Equity and liabilities

Total equity and liabilities10/49€1.23M€1.36M▲

Equity10/15€-87k€-74k▲

Contributions10/11€353k€353k=

Capital10€353k-

Issued capital100€353k-

Reserves13€10k€10k=

Non-distributable reserves130/1€10k€10k=

Legal reserve130€10k-

Reserves not available under the articles1311-€10k

Profit (loss) carried forward14€-450k€-437k▲

Amounts payable17/49€1.32M€1.43M▲

Amounts payable after more than one year17€282k€241k▼

Financial debts170/4€282k€241k▼

Amounts payable within one year42/48€1.04M€1.19M▲

Current portion of amounts payable after more than one year42€49k€57k▲

Financial debts43€409k€387k▼

Credit institutions430/8€409k€387k▼

Trade debts44€433k€559k▲

Suppliers440/4€433k€559k▲

Taxes, remuneration and social security45€138k€183k▲

Taxes450/3€50k€53k▲

Remuneration and social security454/9€88k€130k▲

Other amounts payable47/48€7k€3k▼

Income statement Code20232024

Remuneration, social security and pensions62€717k€657k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€48k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€40k-

Other operating charges640/8€688€4k▲

Non-recurring operating charges66A€302k-

Gross operating margin9900€592k€770k▲

Operating profit (loss)9901€-518k€61k▲

Financial income75/76B€7€0▼

Recurring financial income75€7€0▼

Financial charges65/66B€58k€47k▼

Recurring financial charges65€40k€47k▲

Non-recurring financial charges66B€18k-

Profit (loss) for the period before taxes9903€-577k€14k▲

Income taxes67/77€968€1k▲

Profit (loss) for the period9904€-577k€13k▲

Profit (loss) for the period to be appropriated9905€-577k€13k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-450k€-437k▲

Profit (loss) brought forward from the previous period14P€128k€-450k▼

Social balance

Average headcount (FTE)908710.812.8▲

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-12

Financial Back to profitnet €13k

Net result €13k after 2 loss-making years.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

31-12

Financial Weakest financial yearnet €-577k

Net result drops to €-577k, the lowest in the series; recovery starts the following year.

14-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 31 days late

2021

20-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Highest result since 2018net €199k ▲62%

Operating result €277k, net result €199k, both a record.

02-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Back to profitnet €123k

Net result €123k after one loss-making year.

31-12

Financial Equity above €200kEq €320k ▲62.2%

Equity rises from €197k to €320k.

03-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

30-05

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

21-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

09-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

23-01-2026 DYAM: Resigned as Director

10-03-2021 Didier Hervé: Resigned as Director

10-03-2021 Gabory Samuel: Resigned as Director

11-05-2017 Crea Bio Sens SPRL: Resigned as Director

03-02-2017 Patricia Baldach: Resigned as Daily management

03-02-2017 Patricia Baldach: Resigned as Director

02-02-2017 Patricia Marie Anne BALDACH: Resigned as Director

Location & real-estate footprint

Registered office, Nivelles · 1 establishment unit since 2021

establishment The establishment unit on the map

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.