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DISTRY-HOGNOUL

Active Public limited companyfounded 1993active for 33 yearsRue de Battice 146, 4880 AubelKBO/BCE: BE 0449.373.779 subsidiary of DETRY RETAIL GROUP#6 company by total assets in Aubel, Wholesale and retail trade sector
Part of the group DETRY RETAIL GROUP 14 companies
See the group

Lifetime

20 annual accounts with figures on one time axis, 33 filings since 1993
peak €17.3m (2020)
€14.2m▼ 4.8%
peak €1.0m (2020)
€475,713▼ 39.7%
peak €2.3m (2023)
€613,638▼ 68.4%
€4.9m▲ 1.2%
peak 30.7 FTE (2016)
25.3 FTE▼ 0.8%
Board8 names since 2017
3 directorsDUFRAIS and 2 others
Owners4 names in the annual accounts
Documentsfilings and deeds
20-05-202672 days before the deadline
2025financial year
Result from €789,029 to €475,7131 director appointed, 1 resignation, 2 reappointments, 1 stat… 02-06Demerger: DISTRY-HOGNOUL splits off to ACHENE VIANDES 23-04Demerger proposal: Distry-Hognoul splits off to ACHENE VIANDES 04-03Demerger proposal: DISTRY-HOGNOUL splits off to ACHENE VIANDES 03-03Dividend €375,000

Key points

from the 2025 annual accounts

Equity

€613,638 from €2.3m in 2023

Equity fell by 73% in 2 years.

Debts

€4.9m 89% of the balance sheet
Financial debts 26%Suppliers 48%Taxes and wages 6%Other 19%

€1.5m of the debts are secured on the company's own assets. In 2019 that was €452,766.

Securities

€517,000

Pledge on the business, new in 2025. 84.3% of equity · not in the 2024 accounts.

Investments

€1.3m 12.8 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Machinery stands 617.7% higher than in 2024.

Payment terms

69 days to suppliers
Suppliers
39 to 69
Customers
7 to 8

DISTRY-HOGNOUL pays its suppliers 30 days later than in 2024. Customers pay 1 day later.

Filings

33 annual accounts since 1993
AprilJune31 JulyOctober200020102020

The last five annual accounts were filed 61 to 73 days before the end of the period.

Equity -68%: branch of activity transferred

Checked score

84
Excellent
Financially stronger than 33% of small companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 3,699 companies (NACE 47, small).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026lowest value 05-2026: 0.1%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%▲ +0.2 percentage points vs 05-2026highest value 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Weak

36-18equity 11.2% of total assets
37-41short-term debt 60.5% · cash 14.7%
67-7return on assets 8.7%

Score breakdown

raises risk
Equity €613,638 (11.2% of total assets)
Sector: Retail trade (NACE 47)
lowers risk
Size: turnover €14.2m, 25.3 FTE, total assets €5.5m
Founded in 1993
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 47, small). It does better than 24% of them on solvency, 40% on liquidity, 50% on profitability and 18% 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, 2,613 companies had the same profile as DISTRY-HOGNOUL has now. Each dot stands for 7 companies, two years later.

97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of DISTRY-HOGNOUL itself: 0.3% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,613 companies, not a prediction for DISTRY-HOGNOUL. 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 €50,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.85 (1.19 in 2024), below 1. Short-term debt is 60.5% and cash 14.7% of total assets. 88.8% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €613,638 (11.2% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €14.2m, 25.3 FTE, total assets €5.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Founded in 1993
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 5061 sector peers (2025).
NBB · sector comparison
Position among 5061 sector peers
Solvency
better than 22%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
72 days early
2024
73 days early
2023
68 days early
2022
61 days early
2021
72 days early
2020
74 days early
2019
65 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 69 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 20 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DS
DRG SA
Daily manager, Manon DETRY
D
Director, Edouard Detry, since 09-05-2017
DR
Director, Manon Detry, since 01-11-2020
GC
Director, Gary Detry, since 16-04-2025
Board & ownership

Recent changes

1 director appointed, 1 resignation, 2 reappointments, 1 statutory auditor reappointed Resignation: Gary Detry · Appointment: GDY Consult srl · Permanent representatives: Gary Detry, Manon Detry and Edouard Detry · General meeting of 16-04-2025 · Gazette deed
Demerger: DISTRY-HOGNOUL splits off to ACHENE VIANDES Capital from €123,946.76 to €32,749.64 · Capital from €32,749.64 to €61,500 · Net-asset statement: €1,428,330.99 · General meeting of 18-04-2025 · Gazette deed
Demerger proposal: Distry-Hognoul splits off to ACHENE VIANDES DETRY RETAIL GROUP holds all the shares · DETRY RETAIL GROUP holds 10,000 shares · Gazette deed
Demerger proposal: DISTRY-HOGNOUL splits off to ACHENE VIANDES Name clause: DISTRY-HOGNOUL · Name clause: ACHENE VIANDES · DETRY RETAIL GROUP holds 500 shares · Gazette deed
All 46 events

Comparable companies

same main activity, similar in size and age
Company
DISTRY-HOGNOUL Aubel €14.2m 4.6% 11.2% 25.3
MARVAN Soumagne €14.8m 2.2% 6.6% 28.7
DISESM Profondeville €14.1m 1.9% 20.9% 25.9
SCHELCK - HUWAERT Pajottegem €17.8m -0.7% 21.3% 27.1
METTIM Mettet €11.3m 0.7% 10.0% 24.5
VAN ECCELPOEL Herentals €14.4m 7.7% 33.5% 28.4
OULIMA Oupeye €9.8m 1.3% 13.3% 27.2
-10%0%10%20%€10m€100m€1bnDISTRY-HOGNOULEBIT margin

Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as DISTRY-HOGNOUL: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €3.3m and €9.5m, founded between 1983 and 1999.

Official details

Source: KBO
Status
Active since 02-02-1993Normal situation
Registered office
13 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
Activity
Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
Joint committees
119Food trade
202White-collar workers in food retail · annual accounts 2025
Establishment unit
2.061.208.4284342 Awans, since 12-03-1993
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€5.5m▼ 18.8%
Employeeson 31-12-2025
29▼ 3.3%
Filing
Filed on 20-05-2026, 72 days before the end of the filing period
Financials

Insights on DISTRY-HOGNOUL

DISTRY-HOGNOUL has existed since 1993. Turnover grew from €9.5m in 2006 to €14.2m in 2025.

Solvency fell in 2025 from 28.8% to 11.2% because of the dividend and higher debts to suppliers.

DETRY RETAIL GROUP holds all the shares.

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 DISTRY-HOGNOUL

What is the company number of DISTRY-HOGNOUL?
The company number of DISTRY-HOGNOUL is 0449.373.779. The VAT number is the same number with BE in front: BE 0449.373.779.
Where is DISTRY-HOGNOUL based?
The registered office is at Rue de Battice 146, 4880 Aubel.Company details
What does DISTRY-HOGNOUL do?
According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of DISTRY-HOGNOUL?
DISTRY-HOGNOUL is a public limited company (NV).
When was DISTRY-HOGNOUL founded?
DISTRY-HOGNOUL was founded on 02-02-1993.
Is DISTRY-HOGNOUL still active?
Yes, DISTRY-HOGNOUL is an active enterprise in the KBO register.
How many employees does DISTRY-HOGNOUL have?
DISTRY-HOGNOUL had an average of 25.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does DISTRY-HOGNOUL fall under?
In its 2025 annual accounts, DISTRY-HOGNOUL states joint committees 119 (Food trade) and 202 (White-collar workers in food retail).
What is the turnover of DISTRY-HOGNOUL?
The turnover of DISTRY-HOGNOUL was €14.2m in financial year 2025, according to the filed annual accounts.
Is DISTRY-HOGNOUL profitable?
In financial year 2025, DISTRY-HOGNOUL made a profit of €475,713.
Where can I find the annual accounts of DISTRY-HOGNOUL?
DISTRY-HOGNOUL filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of DISTRY-HOGNOUL due?
DISTRY-HOGNOUL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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