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HB TRADING

Active
Private limited company·Groothandel in diamant en andere edelstenen· 6 yrs active
Hoveniersstraat 51 ·2018 Antwerpen, Belgium
KBO/BCE: BE 0742.783.240
Watch Print / PDF
Age6 yrs
Board4
Staff (FTE)47.7
Connections6
Real estate1 parcel · 2,937 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HB TRADING is 1.9% (moderate). The 2023 annual accounts show equity of €1.10M and a net result of €-3.63M. Equity is shrinking by ~37.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.9% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 23-10-2025 84 d late 2025-00548205
31-12-2023 31-07-2024 02-01-2025 155 d late 2025-00629041
31-12-2022 31-07-2023 13-06-2024 318 d late 2024-00136228
31-12-2021 31-07-2022 27-09-2022 58 d late 2022-20436862

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€184.70M-24.1%
EBIT margin0.5%-3.4pp
Net result€-3.63M
Working capital€-1.09M

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 23-10-2025 with the NBB · fiscal year 2024 · volledig
€-100.00M€0€100.00M€200.00MRevenue 2021: €222.72M€222.72MOperating result 2021: €8.93M€8.93MNet result 2021: €4.40M€4.40MRevenue 2022: €243.26M€243.26MOperating result 2022: €9.57M€9.57MNet result 2022: €4.30M€4.30MRevenue 2023: €184.70M€184.70MOperating result 2023: €957k€957kNet result 2023: €-3.63M€-3.63M202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, equity would indicatively turn negative around fiscal year 2024, assuming unchanged policy.
€-5.00M€-2.50M€0€2.50M€5.00M2024: €-566k (€-654k - €-478k)2025: €-2.23M (€-2.32M - €-2.14M)2026: €-3.89M (€-3.98M - €-3.80M)2021: €4.42M2022: €4.72M2023: €1.10M202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€184.70M
-24.1% 21-23
EBITDA
€2.55M
-76.5% 21-23
Net profit
€-3.63M
- 21-23
Cash flow
€-2.03M
- 21-23
Total assets
€138.51M
-21.4% 21-23
Equity
€1.10M
-76.8% 21-23
Working capital
€-1.09M
- 21-23
Employees (FTE)
48
+12.5% 21-23
Staff costs
€4.52M
+65.1% 21-23
Income taxes
€322k
+262.2% 21-23
Dividends
€4.00M
- 21-23
Debt
€137.34M
-19.8% 21-23
Debt ≤ 1y
€135.72M
-18.0% 21-23
Debt > 1y
€23.00M
- 21-23
Current ratio
0.99
-4.4% 21-23
Quick ratio
0.44
+13.5% 21-23
Solvency
0.8%
-70.5% 21-23
Debt / equity
125.31
+245.4% 21-23
ROE
-330.8%
- 21-23
ROA
-2.6%
- 21-23
Net margin
-2.0%
- 21-23
EBITDA margin
1.4%
-69.1% 21-23
Interest coverage
0.51
-76.8% 21-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue€184.70M
EBITDA€2.55M
Net profit€-3.63M
Cash flow€-2.03M
Staff costs€4.52M
Income taxes€322k
Dividends-
Total assets€138.51M
Equity€1.10M
Debt€137.34M
of which ≤ 1y€135.72M
of which > 1y-
Working capital€-1.09M
Employees (FTE)47.7
Ratios (computed)
2023
Current ratio0.99
Quick ratio0.44
Working capital ratio-0.8%
Solvency0.8%
Debt / equity125.31
Long-term debt ratio-
Interest coverage0.51
Gross margin25.6%
Net margin-2.0%
ROA-2.6%
ROE-330.8%
EBITDA margin1.4%
Days sales outstanding36d
Days payable outstanding222d
Inventory turnover1.82
Days inventory (DSI)201d
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€138.51M
Fixed assets 21/28€3.88M
Intangible fixed assets 21€230k
Tangible fixed assets 22/27€3.43M
Financial fixed assets 28€215k
Current assets 29/58€134.63M
Stocks & contracts in progress 3€75.54M
Amounts receivable within one year 40/41€57.90M
Cash & bank 54/58€594k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€138.51M
Equity 10/15€1.10M
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€1.08M
Provisions & deferred taxes 16€69k
Amounts payable 17/49€137.34M
Amounts payable within one year 42/48€135.72M
Trade debts payable within one year 44€83.59M
Income statement
Turnover 70€184.70M
Operating result 9901€957k
Financial income 75€1.18M
Financial charges 65€5.44M
Result before taxes 9903€-3.30M
Income taxes 67/77€322k
Net result for the period 9904€-3.63M
Result to be appropriated 9905€-3.63M
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
4 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

under verification
Directors derived from a single State Gazette act, under verification
All 4 current directors first appear in the same act (21116854). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • AMMOVEO CONSULTINGLegal entity
    Director· perm. rep.: Boaz LEV
    State Gazette act 21116854 (01-10-2021)
    Current
    03-09-2021 → present
  • HB AntwerpLegal entity
    Director· perm. rep.: Rafael PAPISMEDOV
    State Gazette act 21116854 (01-10-2021)
    Current
    03-09-2021 → present
  • KSDT82Legal entity
    Director· perm. rep.: Shai Mordechai DE-TOLEDO
    State Gazette act 21116854 (01-10-2021)
    Current
    03-09-2021 → present
  • ShelanuLegal entity
    Director· perm. rep.: Oded MANSORI
    State Gazette act 21116854 (01-10-2021)
    Current
    03-09-2021 → present
Former directors (1)
  • KSDT82Legal entity
    Director· perm. rep.: Shai De-Toledo
    State Gazette act 25061019 (13-05-2025)
    Former
    - → 28-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

2 auditors
Statutory auditor IRE/IBR number Tenure
KPMG Bedrijfsrevisoren BV/SRLCurrent
Statutory auditor · represented by Tim Vermeiren
 - 15-09-2025 → present
KPMG Réviseurs d'Entreprises
Statutory auditor · represented by Tim VERMEIREN
succeeded by KPMG Bedrijfsrevisoren BV/SRL in 2025
 - 03-09-2021 → 15-09-2025
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Groothandel in diamant en andere edelstenen(46861)
Legal form Private limited company(610)
Incorporation31-01-2020
StatusActive
Postal code2018

Structure & network

Connections & network

6 connected companies
AMMOVEO CONSULTING, Sits on the board ACAMMOVEOCONSULTINGHB Antwerp, Sits on the board HAHB AntwerpKSDT82, Sits on the board KKSDT82Shelanu, Sits on the board SShelanuHB Blueprint, Shared corporate director HBHB BlueprintThe HB Company, Shared corporate director THThe HB CompanyHB TRADING HB TRADING0742.783.240
Group structureShared directors
Group structure
AMMOVEO CONSULTING
Sits on the board · 2 subsidiaries · 1 location
Control→
HB Antwerp
Sits on the board · 1 subsidiary · 1 location
Control→
KSDT82
Sits on the board · 2 subsidiaries · 1 location
Control→
Shelanu
Sits on the board · 3 subsidiaries · 1 location
Control→
Network connections
HB Blueprint
Shared corporate director
→
The HB Company
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

4 parties
Control over this companysits on this company's board4
Shelanu
3 subsidiaries · 1 location
AMMOVEO CONSULTING
2 subsidiaries · 1 location
KSDT82
2 subsidiaries · 1 location
HB Antwerp
1 subsidiary · 1 location
controls
HB TRADINGBE 0742.783.240

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Hoveniersstraat 512018 Antwerpen

Establishment units

1 location
HB TRADING
Hoveniersstraat 51, 2018 AntwerpenGroothandel in diamant en andere edelstenen
since 20202.298.883.271
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,937 m²
Buildings1
Building footprint2,012 m²
Volume (LiDAR)51,458 m³
Tallest building41.6 m · ±10 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1182/00F018
ProtectedMonumentBeurs DiamanthandelSource ↗
 Flanders 2,937 m² 1 · 2,012 m² 41.6 m · 10 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

8 acts
Address history · 1
01-10-2021
v3.2
All acts · 8 updated 2 months ago
2026
27-05-2026 Merger · Accounting effect · Tax qualification · Power of attorney Open-capture extraction
  • Filing: 2026-05-13 · HB IP NV
  • Merger: type: geruisloze zusterfusie, deed_date: 2026-05-13proposed · HB IP NV
  • Accounting effect: 2026-01-01proposed · HB IP NV
  • Tax qualification: vrijstellingsregimeproposed · HB IP NV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren voor de neerlegging en publicatie van het fusievoorstel te ondertekenen en de neerlegging bij de griffie van de ondernemingsrechtbank te verzorgenproposed · HB Trading BV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren voor de neerlegging en publicatie van het fusievoorstel te ondertekenen en de neerlegging bij de griffie van de ondernemingsrechtbank te verzorgenproposed · HB IP NV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren voor de neerlegging en publicatie van het fusievoorstel te ondertekenen en de neerlegging bij de griffie van de ondernemingsrechtbank te verzorgenproposed · HB Trading BV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren voor de neerlegging en publicatie van het fusievoorstel te ondertekenen en de neerlegging bij de griffie van de ondernemingsrechtbank te verzorgenproposed · HB IP NV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren voor de neerlegging en publicatie van het fusievoorstel te ondertekenen en de neerlegging bij de griffie van de ondernemingsrechtbank te verzorgenproposed · HB Trading BV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren voor de neerlegging en publicatie van het fusievoorstel te ondertekenen en de neerlegging bij de griffie van de ondernemingsrechtbank te verzorgenproposed · HB IP NV
  • Publication: 2026-05-27
  • Act object: NEERLEGGING FUSIEVOORSTEL
Summary: Merger · Accounting effect · Tax qualification · Power of attorney
27-05-2026 Merger · Accounting effect · Tax qualification · Power of attorney Open-capture extraction
  • Filing: 2026-05-13 · HB Trading BV
  • Merger: type: geruisloze zusterfusie, method: fusie door overneming, legal_basis: artikelen 12:7,2° juncto 12:50 WVVproposed · HB IP NV
  • Accounting effect: 2026-01-01proposed · HB IP NV
  • Tax qualification: regime: vrijstellingsregimeproposed · HB Trading BV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren ondertekenen, neerlegging verzorgen, documenten tekenenproposed · HB Trading BV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren ondertekenen, neerlegging verzorgen, documenten tekenenproposed · HB IP NV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren ondertekenen, neerlegging verzorgen, documenten tekenenproposed · HB Trading BV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren ondertekenen, neerlegging verzorgen, documenten tekenenproposed · HB IP NV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren ondertekenen, neerlegging verzorgen, documenten tekenenproposed · HB Trading BV
  • Power of attorney: date: 2026-05-13, role: bijzonder gevolmachtigde, scope: publicatieformulieren ondertekenen, neerlegging verzorgen, documenten tekenenproposed · HB IP NV
  • Statute amendment: reason: voorwerp niet ruim genoeg na fusie, article: artikel 4proposed · HB Trading BV
  • General meeting: date: nader te bepalen datum, type: buitengewone algemene vergadering, purpose: goedkeuring fusievoorstelproposed · HB Trading BV
  • General meeting: date: nader te bepalen datum, type: buitengewone algemene vergadering, purpose: goedkeuring fusievoorstelproposed · HB IP NV
  • Association membership: type: 100% aandeelhouderproposed · HB Trading BV
  • Association membership: type: 100% aandeelhouderproposed · HB IP NV
  • Publication: 2026-05-27
  • Act object: NEERLEGGING FUSIEVOORSTEL
Summary: Merger · Accounting effect · Tax qualification · Power of attorney
2025
24-10-2025 Change in the board of directors Director changes
Summary: v3.2
15-09-2025 Tim Vermeiren reappointed as statutory auditor Director changes
  • Tim Vermeiren, Commissaris
Summary: v3.2
13-05-2025 2 resigning Director changes
  • Shai De-Toledo, Bestuurder
  • Rafael Papismedov, Bestuurder
Summary: v3.2
22-04-2025 Roy Seber appointed as director Director changes
  • Roy Seber, Bestuurder
Summary: v3.2
2021
01-10-2021 Registered office moved within Antwerpen Registered-office change
  • Pelikaanstraat 78, 2018 Antwerpen → Hoveniersstraat 51, 2018 Antwerpen
Summary: v3.2
2020
04-02-2020 Incorporation of a new BV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health4Profitability7Solvency12Growth23Stability100
29 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 4
Profitability 7
Solvency 12
Growth 23
Stability 100

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 112 of the 1,239 companies in this sector. 72 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in diamant en andere edelstenen46761Groothandel in diamant en andere edelstenen46861
Primary activity highlighted.
Names & trade names
Legal nameNL HB TRADING
Registered office
Hoveniersstraat 51
2018 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.