HB Distribution

Active

Private limited companyfounded 2005active for 21 yearsRue de Hainaut(CO) 30, 6180 Courcelles, BelgiumKBO/BCE: BE 0871.904.888

From the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HB Distribution has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €321,710 and a net result of €29,321. Equity is growing by about 4.2% per year across the filed financial years. Its solvency ranks better than 35% of 164 sector peers (NACE 53, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

HB DistributionActiveChecked score 81/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 15-02-2005 Normal situation
Legal form: Private limited company
Registered office: Rue de Hainaut(CO) 30, 6180 Courcelles
Activity: Other postal and courier activities NACE 53200and 2 others
Establishment unit: 2.147.374.716 6220 Fleurus, since 09-06-2005
Financial year end: 31 December
Peppol: Reachable since 05-11-2025

Company details

Who decides

Board

BVR CapitalDirector · since 09-04-2026 · permanent representative Van Reeth Jan

Shareholders

RJMSVact of 13-11-2025

Board & ownership

How it is doing

81 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Annual accounts 2025

Gross margin: €2.0m; ▲ 39.4%
Turnover: ≈ €3.4m; estimated
Profit: €29,321; ▲ 23.7%
Equity: €321,710; ▲ 10.0%
Total assets: €1.3m; ▲ 5.9%
Staff: 41 FTE; ▲ 40.9%

2025 accounts on time

Filed on 31-07-2026at the National Bank

Financials

Why 81raises risk1 change of registered office in 24 monthsSector: Postal and courier activities (NACE 53)lowers riskLiquidity: current ratio 1.19, cash €346,981Founded in 2005Show the evidence

Checked score

Score 2025

81 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 48% of its sector peers (NACE 53, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 49=

equity 24.5% of total assets

Liquidity 43+4

short-term debt 73.7% · cash 26.4%

Profitability 72+27

return on assets 2.2%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (58 companies, NACE 53, small)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: 0.4%● unchanged vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025lowest value 11-2025: 0.4%● unchanged vs 10-2025lowest value 12-2025: 0.4%● unchanged vs 11-2025lowest value 01-2026: 0.4%● unchanged vs 12-2025lowest value 02-2026: 0.4%● unchanged vs 01-2026lowest value 03-2026: 0.4%● unchanged vs 02-2026lowest value 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.8%▲ +0.4 percentage points vs 05-2026 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.6%▼ -0.3 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026

Credit of up to €25,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.19, compared with 1.16 in 2024, below the usual 1.5; short-term debt: 73.7% and cash: 26.4% of total assets), and 75.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 53, small): better than 34% on solvency, 54% on liquidity, 54% on profitability and 51% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.19, cash €346,981

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

Sector: Postal and courier activities (NACE 53)

KBO

Founded in 2005

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

7 days early

2023

13 days late

2022

22 days late

2021

60 days early

2020

27 days late

2019

32 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 53) for financial year 2024 is 13 days after the deadline, and 56% of those companies filed late.

Searched, nothing found (2)

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 (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Board changedlatest change 09-04-2026 · 1 in office 1 joined · 2 left View
Positive: 2nd fastest staff growth in Hainaut, Transport and storage sectorin the Checked rankings No. 2 View
Positive: Staff rose in 2025from 29.1 FTE to 41 FTE ▲ 40.9% View
Positive: 6 profitable years in a rowprofit 2025: €29,321 6 years View

Documents

Key facts about HB Distribution

What is the company number of HB Distribution?: 0871.904.888. In Belgium the VAT number is the company number with BE in front: BE 0871.904.888.
Where is HB Distribution based?: The registered office is at Rue de Hainaut(CO) 30, 6180 Courcelles.Company details
What does HB Distribution do?: According to the KBO register, the main activity is other postal and courier activities (NACE 53200).
What is the legal form of HB Distribution?: Private limited company (BV).
When was HB Distribution founded?: On 15-02-2005.
Is HB Distribution still active?: Yes, HB Distribution is an active enterprise in the KBO register.
How many employees does HB Distribution have?: On average 41 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HB Distribution?: ≈ €3.4m in financial year 2025. Estimated from the gross margin of €2.0m: probably between €2.3m and €5.5m, based on 1,587 comparable companies of the same size. A rough estimate. In financial year 2019 turnover was €4.4m.
Is HB Distribution profitable?: In financial year 2025, HB Distribution made a profit of €29,321.
Where can I find the annual accounts of HB Distribution?: HB Distribution filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of HB Distribution due?: By 31-07-2027, for financial year 2026.Timeline