HB TRUST
ActiveSummary
The computed 12-month bankruptcy probability of HB TRUST is 11.8% (high). For HB TRUST, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €392,620 and a net result of -€61,713. Equity is growing by ~47% per year across the filed fiscal years. Its solvency ranks better than 70% of 6112 sector peers (fiscal year 2023). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability7▼-93
Solvency84▼-16
Growth52▼-26
Track record84
Bankruptcy probability, 12 months
11.8%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
58.9%
Return on assets
-9.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-09-2024, 56 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.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
56 d late
2022
422 d late
2021
44 d late
2020
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 153 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struck×2
History
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Financials · fiscal year 2023, micro schema
Equity
€392,620▼ 13.6%
2022 · €454,333
Total assets
€666,824▲ 11.2%
2022 · €599,921
Net result
-€61,713
2022 · €237,182
Working capital
€409,508▼ 9.3%
2022 · €451,479
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Operating result€29,638-€187,201▲ 532%€246,955▲ 31.9%-€60,549
Net result€29,545above the sector's middle half-€176,106above the sector's middle half▲ 496%€237,182above the sector's middle half▲ 34.7%-€61,713below the sector's middle half
Equity€46,045within the sector's middle half-€217,151above the sector's middle half▲ 372%€454,333above the sector's middle half▲ 109%€392,620above the sector's middle half▼ 13.6%
Total assets€77,351within the sector's middle half-€333,314above the sector's middle half▲ 331%€599,921above the sector's middle half▲ 80.0%€666,824above the sector's middle half▲ 11.2%
Debt€31,306-€116,162▲ 271%€145,588▲ 25.3%€274,203▲ 88.3%
Working capital€46,045within the sector's middle half-€219,589above the sector's middle half▲ 377%€451,479above the sector's middle half▲ 106%€409,508above the sector's middle half▼ 9.3%
Solvency59.5%within the sector's middle half-65.1%within the sector's middle half▲ 5.6pp75.7%above the sector's middle half▲ 10.6pp58.9%within the sector's middle half▼ 16.9pp
Current ratio2.47within the sector's middle half-2.94above the sector's middle half▲ 0.474.10above the sector's middle half▲ 1.162.91above the sector's middle half▼ 1.19
Return on assets (ROA)38.2%above the sector's middle half-52.8%above the sector's middle half▲ 14.6pp39.5%above the sector's middle half▼ 13.3pp-9.3%below the sector's middle half▼ 48.8pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €60,549 after €246,955 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €666,824
Fixed assets
€43,112 ▲ 1,411%
Current assets
€623,711 ▲ 4.5%
Equity and liabilities €666,824
Equity
€392,620 ▼ 13.6%
Debt
€274,203 ▲ 88.3%
Debt's share of the balance-sheet total rises from 24.3% to 41.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€48,201▼
2022 · €248,521
Cash flow
-€49,365▼
2022 · €238,748
Debt to equity
0.70▲
2022 · 0.32
ROE
-15.7%▼
2022 · 52.2%
Interest coverage
-68.82▼
2022 · 204.79
Debt ≤ 1 year
€214,203▲
2022 · €145,588
Debt > 1 year
€60,000
Income taxes
€464▼
2022 · €8,559
Staff costs
€41,227▲
2022 · €18,402
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €18,402 | €41,227 | ▲ 124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €278 | €1,566 | €12,348 | ▲ 688% |
| Other operating charges640/8 | - | €13,609 | €7,327 | €3,980 | ▼ 45.7% |
| Gross operating margin9900 | €34,884 | €201,088 | €274,251 | -€2,994 | ▼ 101% |
| Operating profit (loss)9901 | €29,638 | €187,201 | €246,955 | -€60,549 | ▼ 125% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | - | €1,955 | €1,214 | €700 | ▼ 42.3% |
| Recurring financial charges65 | €92 | €1,955 | €1,214 | €700 | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | €29,545 | €185,246 | €245,741 | -€61,249 | ▼ 125% |
| Income taxes67/77 | - | €9,140 | €8,559 | €464 | ▼ 94.6% |
| Profit (loss) for the period9904 | €29,545 | €176,106 | €237,182 | -€61,713 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | €29,545 | €176,106 | €237,182 | -€61,713 | ▼ 126% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €77,351 | €333,314 | €599,921 | €666,824 | ▲ 11.2% |
| Fixed assets21/28 | - | €556 | €2,854 | €43,112 | ▲ 1,411% |
| Tangible fixed assets22/27 | - | €556 | €2,854 | €43,112 | ▲ 1,411% |
| Furniture and vehicles24 | - | €556 | €2,854 | €43,112 | ▲ 1,411% |
| Current assets29/58 | €77,351 | €332,757 | €597,067 | €623,711 | ▲ 4.5% |
| Amounts receivable within one year40/41 | €61,921 | €322,333 | €535,819 | €622,752 | ▲ 16.2% |
| Trade receivables40 | - | €62,431 | €39,191 | €823 | ▼ 97.9% |
| Other amounts receivable41 | - | €259,903 | €496,628 | €621,929 | ▲ 25.2% |
| Cash at bank and in hand54/58 | €15,431 | €10,424 | €61,248 | €959 | ▼ 98.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €77,351 | €333,314 | €599,921 | €666,824 | ▲ 11.2% |
| Equity10/15 | €46,045 | €217,151 | €454,333 | €392,620 | ▼ 13.6% |
| Contributions10/11 | €16,500 | €16,500 | €16,500 | €16,500 | = |
| Capital10 | - | €16,500 | €16,500 | €16,500 | = |
| Issued capital100 | - | €16,500 | €16,500 | €16,500 | = |
| Profit (loss) carried forward14 | €29,545 | €200,651 | €437,833 | €376,120 | ▼ 14.1% |
| Amounts payable17/49 | €31,306 | €116,162 | €145,588 | €274,203 | ▲ 88.3% |
| Amounts payable after more than one year17 | - | €2,993 | - | €60,000 | - |
| Financial debts170/4 | - | €2,993 | - | €60,000 | - |
| Amounts payable within one year42/48 | €31,306 | €113,169 | €145,588 | €214,203 | ▲ 47.1% |
| Current portion of amounts payable after more than one year42 | - | €2,503 | €2,993 | €490 | ▼ 83.6% |
| Trade debts44 | €17,450 | €39,674 | €32,254 | €145,131 | ▲ 350% |
| Suppliers440/4 | - | €39,674 | €32,254 | €145,131 | ▲ 350% |
| Taxes, remuneration and social security45 | - | €70,992 | €110,341 | €68,582 | ▼ 37.8% |
| Taxes450/3 | - | €70,992 | €110,341 | €68,582 | ▼ 37.8% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,545 | €176,106 | €237,182 | -€61,713 | ▼ 126% |
| + Depreciation and write-downs630 | - | €278 | €1,566 | €12,348 | ▲ 688% |
| Operating cash flow (approximation) | €29,545 | €176,384 | €238,748 | -€49,365 | ▼ 121% |
| Investment in fixed assets (approximation) | - | - | -€3,864 | -€52,606 | ▼ 1,261% |
| Change in cash | - | -€5,006 | €50,824 | -€60,289 | ▼ 219% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-11
KBO administration
Address struck
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 422 days late
28-06
KBO administration
Address struck
event 17-05-2024
2023
31-12
Financial
Weakest financial yearnet -€61,713
Net result drops to -€61,713, the lowest in the series.
2022
31-12
Financial
Highest result since 2020net €237,182 ▲34.7%
Operating result €246,955, net result €237,182, both a record.
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
31-12
Financial
Equity above €200,000Eq €217,151 ▲372%
2 profitable years in a row build equity to €217,151.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2019
Ground area
7,199 m²
Building footprint
3,003 m²
Volume, LiDAR
29,267 m³
2 parcels, Brussels · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.
36
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20192.296.938.224
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0265/00L000 | Brussels | 3,687 m² | 1 · 190 m² | 29.4 m · 9 fl. |
| 21904B0440/00Y003 | Brussels | 3,512 m² | 1 · 2,814 m² | 23.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,573 companies in this sector we hold annual accounts for 8,205. 5,534 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Not found in the Peppol register
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Register as of 1 October 2026 · Peppol Directory
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