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HG BELGIUM

Active
Private limited companyfounded 2000active for 25 yearsPoortakkerstraat 93, 9051 Gent, Belgium51 active companies are registered at this addressKBO/BCE: BE 0473.665.549
Summary

HG BELGIUM has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.5m and a net result of €823,190. Equity is growing by about 8.6% per year across the filed financial years. Its solvency ranks better than 71% of 6,136 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
HG BELGIUMActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46442Wholesale of industrial chemicals NACE 46851
1 site
Size
€13.4mturnover 2025
Staff
11.2 FTE
Equity
€6.5m
Profit
€823,190
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
HG International BV
  • HG International B.V.Director
Auditor: RSM INTERAUDITAccounts filed 77 days late3 of 14 deeds read
Why 93raises riskLatest accounts 77 days late; 3 of the last 3 latelowers riskFounded in 2000Size: turnover €13.4m, 11.2 FTE, total assets €10.1mProfit of €823,190 (financial year 2025)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 46, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 90+7
equity 64.6% of total assets
Liquidity 52-11
short-term debt 28.8% · cash 10.9%
Profitability 67+4
return on assets 8.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)
Last 24 months 11-2024: 0.5% 12-2024: 0.6%▲ +0.1 percentage points vs 11-2024 01-2025: 1.1%▲ +0.5 percentage points vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.0%▼ -0.1 percentage points vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 2.0%▲ +1.0 percentage point vs 07-2025 09-2025: 2.0%● unchanged vs 08-2025 10-2025: 1.0%▼ -1.0 percentage point vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.3%▲ +0.3 percentage points vs 11-2025 01-2026: 2.7%▲ +1.4 percentage points vs 12-2025highest value 02-2026: 2.7%● unchanged vs 01-2026highest value 03-2026: 2.7%● unchanged vs 02-2026highest value 04-2026: 2.5%▼ -0.2 percentage points vs 03-2026 05-2026: 2.5%● unchanged vs 04-2026 06-2026: 2.5%● unchanged vs 05-2026 07-2026: 2.5%● unchanged vs 06-2026 08-2026: 0.6%▼ -1.9 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.1%▼ -0.5 percentage points vs 09-2026lowest value
Credit of up to €600,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.59, compared with 1.33 in 2024, above the usual 1.5; short-term debt: 28.8% and cash: 10.9% of total assets), and 35.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 74% on solvency, 67% on liquidity, 56% on profitability and 61% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Latest accounts 77 days late; 3 of the last 3 late
NBB · filings
lowers risk · Founded in 2000
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €13.4m, 11.2 FTE, total assets €10.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Profit of €823,190 (financial year 2025)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-10-2026, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
77 days late
2024
328 days late
2023
420 days late
2022
24 days early
2021
20 days early
2020
10 days late
2019
18 days 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 116 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 October (4 of the last 5 filed years within 251 days of that day).
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Appointment: RSM InterAudit (statutory auditor)Gazette deed

Key points

  • Positive: Result rose in 2025from €247,825 to €823,190 ▲ 232% View
  • Caution: Latest accounts filed lateafter the legal deadline 77 days View
  • Controlled by HG International BV parent View
  • Positive: 7 profitable years in a rowprofit 2025: €823,190 7 years View

By topic

Financials

Financial year
2025
Turnover
€13.4m
Profit
€823,190
Solvency
64.6%
Turnover=
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
HG International BV
Auditor
RSM INTERAUDIT
  • HG International B.V.Director
Go to Board & ownership

Timeline

Events
31
Since
2002
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2018 to 2025
  2. 24-09-2025Annual accounts filed
  3. 28-03-2025Permanent representatives: Karel Vandamme and Robert Uytdewillegen
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale tradeNACE 46442
Founded
29-12-2000
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
17
Annual meeting
First Friday of May at 14:00
Purpose
“Optreden als holdingvennootschap met participaties binnen de onderhoudssector; Optreden…” (deed in Dutch)
Go to Articles of association

Key facts about HG BELGIUM

What is the company number of HG BELGIUM?
0473.665.549. In Belgium the VAT number is the company number with BE in front: BE 0473.665.549.
Where is HG BELGIUM based?
The registered office is at Poortakkerstraat 93, 9051 Gent.Company details
What does HG BELGIUM do?
According to the KBO register, the main activity is wholesale trade (NACE 46442).
What is the legal form of HG BELGIUM?
Private limited company (BV).
When was HG BELGIUM founded?
On 29-12-2000.
Is HG BELGIUM still active?
Yes, HG BELGIUM is an active enterprise in the KBO register.
How many employees does HG BELGIUM have?
On average 11.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HG BELGIUM?
€13.4m in financial year 2025, according to the filed annual accounts.
Is HG BELGIUM profitable?
In financial year 2025, HG BELGIUM made a profit of €823,190.
Where can I find the annual accounts of HG BELGIUM?
HG BELGIUM filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HG BELGIUM due?
By 31-07-2027, for financial year 2026.Timeline

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