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HB Composite

Active
Public limited companyfounded 198937 yrs activeLindelsebaan 47, 3900 Pelt, BelgiumKBO/BCE: BE 0437.961.334
Summary

The computed 12-month bankruptcy probability of HB Composite is 3.9% (moderate). The 2025 annual accounts show equity of €97,123 and a net result of €18,792. Equity is shrinking by ~14.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 16% of 8741 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
HB CompositeActiveChecked score 47/100
Risk analysis ReportCompare

Overview

What they do
Wholesale of timber
NACE 46832NACE 46732
1 site
How big
€1.3mtotal assets 2025
Staff
3 FTE
Equity
€97,123
Profit
€18,792
Turnover not published (abridged schema)
Financially healthy?
47 Fair Checked score 2025
Bankruptcy chance 12 m
3.9%
Who decides
Parent
TPI BV · 100%
Accounts 3 d early1 of 10 deeds read
Why 47- 2 changes of registered office in 24 months- Equity €97,123 (7.6% of total assets)- 2 of the last 3 late+ Founded in 1989Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 27% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 33-67
equity 7.6% of total assets
Liquidity 33+33
short-term debt 45.2% · cash 3.7%
Profitability 38+7
return on assets 1.5%
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,754 companies)
Last 24 months 11-2024: 3.4% 12-2024: 4.1%▲ +20.2% vs 11-2024 01-2025: 7.1%▲ +72.9% vs 12-2024 02-2025: 7.1%● 0.0% vs 01-2025 03-2025: 7.2%▲ +1.2% vs 02-2025 04-2025: 6.5%▼ -9.2% vs 03-2025 05-2025: 3.4%▼ -47.4% vs 04-2025 06-2025: 3.3%▼ -5.1% vs 05-2025 07-2025: 3.3%▲ +1.5% vs 06-2025 08-2025: 3.9%▲ +16.7% vs 07-2025 09-2025: 4.7%▲ +21.4% vs 08-2025 10-2025: 7.2%▲ +53.8% vs 09-2025 11-2025: 6.9%▼ -4.7% vs 10-2025 12-2025: 7.6%▲ +10.0% vs 11-2025 01-2026: 10.7%▲ +41.2% vs 12-2025highest value 02-2026: 1.0%▼ -90.5% vs 01-2026 03-2026: 1.0%● 0.0% vs 02-2026 04-2026: 1.0%● 0.0% vs 03-2026 05-2026: 1.0%● 0.0% vs 04-2026 06-2026: 1.0%● 0.0% vs 05-2026 07-2026: 1.0%▼ -0.6% vs 06-2026lowest value 08-2026: 1.0%▲ +3.1% vs 07-2026 09-2026: 3.9%▲ +277% vs 08-2026 10-2026: 3.9%● -0.0% vs 09-2026
  • 2 changes of registered office in 24 months raises the probability
  • Equity €97,123 (7.6% of total assets) raises the probability
  • 2 of the last 3 late raises the probability
  • Founded in 1989 lowers the probability for this profile
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.21; short-term debt: 45.2% and cash: 3.7% of total assets), but 92.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 21%, liquidity 30%, profitability 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 changes of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Equity €97,123 (7.6% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1989
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8741 sector peers (2025).
NBB · sector comparison
Position among 8741 sector peers
Solvency
better than 16%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
18192021222325
2018 to 2025 · latest year €97,123
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2023
258 d late
2022
95 d late
2021
34 d early
2020
54 d early
2019
81 d late
2018
28 d 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 53 days after the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 40% of the sector filed late.

Checked, nothing found (1)
neutral · 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
  1. Permanent representative: Cornelis TempelaarsRegistered-office move · Statutes amendment
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Back to profitnet €18,792

Key points

  • Caution: Among the weakest 16% on solvencysector median 43.7% · 8,741 companies 7.6% View
  • Known shareholderslargest: TPI BV 100% 100% View
  • Active since 1989founded 08-08-1989 37 years View

By topic

Financials

Fiscal year
2025
Total assets
€1.3m
Profit
€18,792
Solvency
7.6%
Total assets▲ 1,399%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2016
  1. 26-08-2026Permanent representative: Cornelis Tempelaars
  2. 28-01-2026Annual accounts filed
  3. 30-06-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of timberNACE 46832
Founded
08-08-1989
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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