Financials
- Fiscal year
- 2025
- Total assets
- €274,958
- Loss
- -€64,489
- Solvency
- -19.8%
Total assets▲ 1,654%
Net result
20242025
HDBV
ActiveSummary
The computed 12-month bankruptcy probability of HDBV is 4.0% (elevated). The 2025 annual accounts show negative equity (-€54,341) and a net result of -€64,489. Its solvency ranks better than 15% of 13507 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46492
1 site
Size
€274,958total assets 2025
- Staff
- 2.3 FTE
- Equity
- -€54,341
- Loss
- -€64,489
Turnover not published (abridged schema)
Structure
Accounts 24 d early1 of 2 deeds read
Why 46- 1 change of registered office in 24 months- Founded in 2024+ Figures for FY 2025 (filed 07-07-2026)+ Size: total assets €274,958Show the evidence
Checked score
Score 2025
46
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 11% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
5-85
equity -19.8% of total assets
Liquidity
25-59
short-term debt 52.3% · cash 1.5%
Profitability
0=
return on assets -23.5%
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 0.4%
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%▲ +1.5% vs 12-2025
02-2026: 0.4%▼ -1.7% vs 01-2026lowest value
03-2026: 0.4%▲ +4.0% vs 02-2026
04-2026: 0.4%▲ +8.0% vs 03-2026
05-2026: 0.5%▲ +7.6% vs 04-2026
06-2026: 0.5%▲ +1.3% vs 05-2026
07-2026: 1.5%▲ +209% vs 06-2026
08-2026: 3.9%▲ +161% vs 07-2026
09-2026: 4.0%▲ +3.0% vs 08-2026highest value
10-2026: 4.0%● 0.0% vs 09-2026highest value
- 1 change of registered office in 24 months raises the probability
- Figures for FY 2025 (filed 07-07-2026) lowers the probability
- Size: total assets €274,958 lowers the probability for this profile
- Founded in 2024 raises the probability for this profile
No credit on open account
Liquidity tight (current ratio 1.34 against 2.84 in 2024; short-term debt: 52.3% and cash: 1.5% of total assets), and equity is negative.
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 12%, liquidity 23%, profitability 6%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€54,341
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
24 d early
2024
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Registered officeRegistered-office move
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 3
- Since
- 2025
- Next accounts
- by 31-07-2027
- 07-07-2026Annual accounts filed
- 11-06-2026Registered office
- 30-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46492
- Founded
- 10-09-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
See the provisions in the deeds
Go to Articles of associationGo further with this company
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