Equity
-€47,824
Debts exceed assets in financial year 2024.
HB
Lifetime
8 annual accounts with figures on one time axispeak €32,849 (2024)
€32,849▲ 164%
lowest -€32,668 (2021)
-€29,329▼ €40,116
peak €9,566 (2017)
-€47,824▼ €29,329
€95,252▲ 96.9%
Board3 names since 2020
-
Documentsfilings and deeds
31-07-2025on the last day
2024financial year
UBO non-compliance 20-09Gross margin from €12,433 to €32,849Loss of €29,329Equity from -€18,495 to -€47,824Debts from €48,379 to €95,252Cash from €3,109 to €7,302
Key points
from the 2024 annual accountsChecked score
13
Critical
Financially stronger than 9% of micro companies in retail trade (NACE 47)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
15.9% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 17.9%highest value
01-2025: 17.9%● unchanged vs 12-2024highest value
02-2025: 17.9%● unchanged vs 01-2025highest value
03-2025: 17.9%● unchanged vs 02-2025highest value
04-2025: 17.0%▼ -0.9 percentage points vs 03-2025
05-2025: 16.9%▼ -0.1 percentage points vs 04-2025
06-2025: 16.9%● unchanged vs 05-2025
07-2025: 16.9%● unchanged vs 06-2025
08-2025: 6.5%▼ -10.4 percentage points vs 07-2025lowest value
09-2025: 6.5%● unchanged vs 08-2025lowest value
10-2025: 6.5%● unchanged vs 09-2025lowest value
11-2025: 6.5%● unchanged vs 10-2025lowest value
12-2025: 6.5%● unchanged vs 11-2025lowest value
01-2026: 10.5%▲ +4.0 percentage points vs 12-2025
02-2026: 10.5%● unchanged vs 01-2026
03-2026: 10.2%▼ -0.3 percentage points vs 02-2026
04-2026: 10.3%▲ +0.1 percentage points vs 03-2026
05-2026: 10.8%▲ +0.5 percentage points vs 04-2026
06-2026: 10.5%▼ -0.3 percentage points vs 05-2026
07-2026: 10.8%▲ +0.3 percentage points vs 06-2026
08-2026: 12.7%▲ +1.9 percentage points vs 07-2026
09-2026: 13.8%▲ +1.1 percentage points vs 08-2026
10-2026: 15.9%▲ +2.1 percentage points vs 09-2026
11-2026: 15.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 31-07-2025)
2 ex-officio strike-offs in the KBO
Loss of €29,329 (financial year 2024)
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, micro). It does better than 6% of them on solvency, 18% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 6,008 companies had the same profile as HB has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HB itself is higher: 15.9% within 12 months. It rests on far more data about HB than the profile alone.
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 6,008 companies, not a prediction for HB. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.5 (0.62 in 2023), below 1. Short-term debt is 200.8% and cash 15.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
raises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€47,824
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 8 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
377 days late
2022
731 days late
2021
1096 days late
2020
18 days early
2019
347 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 422 days after 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.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 3 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-complianceAddress struckAddress strikeout annulled
Board and ownership
- Abdeslam Bafdili 100%deed of 24-12-2025
- Khalid Khay 100 sharesdeed of 24-12-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0672898797
Address strikeout annulled
KBO administration
Registered office moved from Jette to Koekelberg
Transfer of 100 shares from Abdeslam Bafdili to Khalid Khay · New registered office: Boulevard Leopold Il 240 à 1081 Koekelberg · Previous registered office: Avenue Firmin Lecharlier 108 à 1090 Jette · General meeting of 01-04-2025 · Gazette deed
Address struck
KBO administration
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HB Koekelberg | €47,428 | €32,849 | -100.8% | - |
| AJLILOU Molenbeek-Saint-Jean | €38,882 | €33,389 | 72.2% | - |
| KENMERCK Mechelen | €37,573 | €28,874 | -158.5% | - |
| JAM.S SHOES Schaerbeek | €57,839 | €60,007 | 42.5% | - |
| SENNIX Sint-Niklaas | €56,005 | €38,183 | 2.7% | - |
| MELINI Uccle | €93,299 | €21,729 | 50.2% | - |
| HAM CONCEPT Schaerbeek | €68,042 | €13,876 | 30.2% | - |
These companies have the same main activity as HB: retail sale of footwear (NACE 47721). They are comparable in size and age: total assets between €37,600 and €93,300, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 22-03-2017Normal situation
- Activity
- Retail sale of footwearNACE 47721and 6 others
- Establishment unit
- 2.262.900.429since 03-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 05-03-2026
Annual accounts 2024
- ≈ €150,000estimated
- €47,428▲ 58.7%
- ≈ 1.2 FTEestimated
- Filing
- Filed on 31-07-2025
Insights on HB
HB has existed since 2017. The gross margin grew from €21,353 in 2017 to €32,849 in 2024.
Solvency fell in 2024 from -61.9% to -100.8% because of the loss.
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 HB
- What is the company number of HB?
- The company number of HB is 0672.898.797. The VAT number is the same number with BE in front: BE 0672.898.797.
- Where is HB based?
- The registered office is at Leopold II-laan 240, 1081 Koekelberg.Company details
- What does HB do?
- According to the KBO register, the main activity is retail sale of footwear (NACE 47721).
- What is the legal form of HB?
- HB is a private limited company (pre-2019) (BVBA).
- When was HB founded?
- HB was founded on 22-03-2017.
- Is HB still active?
- Yes, HB is an active enterprise in the KBO register.
- What is the turnover of HB?
- The turnover in financial year 2024 is ≈ €150,000. This figure is estimated from the gross margin of €32,849 and 72 comparable companies (NACE 477). It probably lies between €83,000 and €280,000.Financials
- Is HB profitable?
- In financial year 2024, HB made a loss of €29,329.
- Where can I find the annual accounts of HB?
- HB filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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