Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HBTRADE from Thuin, company number BE0728904025, closed financial year 2025 with a result of € 20,986 after tax. For that financial year HBTRADE recorded a gross margin of € 25,960 and equity of € 87,220. Compared with financial year 2024, the result moved from € 11,192 to € 20,986. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 25, 2026.
€ 87,220
▲ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,986
▲ 88% vs 2024
Profit after tax over the fiscal year.
€ 2,969
▲ 289% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 67,220.
Debts at end 2025
€ 45,417
▼ 39% vs 2024
€ 30,043 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4,248
▲ 116% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 140,296 | € 98,493 | € 19,755 | € 25,960 | ▲ 31% |
| Profit after taxes | € 10,445 | € 20,731 | € 11,192 | € 20,986 | ▲ 88% |
| Equity | € 34,311 | € 55,042 | € 66,234 | € 87,220 | ▲ 32% |
| Total debts | € 227,343 | € 187,959 | € 169,622 | € 140,749 | ▼ 17% |
| Cash | € 9,714 | € 5,044 | € 764 | € 2,969 | ▲ 289% |
| Retained profit | € 14,311 | € 35,042 | € 46,234 | € 67,220 | ▲ 45% |
| Bank debt | € 130,158 | € 102,781 | € 74,544 | € 45,417 | ▼ 39% |
| Balance sheet total | € 261,654 | € 243,001 | € 235,856 | € 227,969 | ▼ 3% |
Key figures of HBTRADE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to HBTRADE?
What happened at HBTRADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,986 (▲ 88% vs 2024). filed late Source: NBB ↗
- New establishment in Fontaine-l'Evêque. KBO
- Start of the company according to the CBE. KBO
- SOLUTION MARKETING.NET SRL became a director. NBB
In short
From € 10,445 profit in 2022 to € 20,986 profit in 2025.
Paid € 5,995 in corporate taxes since 2022.
Best year ever: 2025, with € 20,986 profit.
Management
The stake of SOLUTION MARKETING.NET comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HBTRADEBehind HBTRADE is SOLUTION MARKETING.NET SRL. The shares are held by SOLUTION MARKETING.NET (100%). It owns 100% of ADALFLO itself.
Directors
According to the 2025 annual accounts
since 2019
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Drève des Alliés(THN) 86
6530 Thuin
Rue de Mons(F-E) 194
6140 Fontaine-l'Evêque
Active since 26 June 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0728.904.025
- VAT number
- BE 0728.904.025
- Registered office
- Drève des Alliés(THN) 86, 6530 Thuin
- Names & denominations
- HBTRADE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 June 2019
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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