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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 47.7 to 39.
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Busy address KBO
31 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HB TRADING from Antwerpen, company number BE0742783240, closed financial year 2025 with a result of € -4.4 million after tax. For that financial year HB TRADING recorded revenue of € 141.2 million and equity of € -8.8 million. Compared with financial year 2024, the result moved from € -5.5 million to € -4.4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2026.
€ -8.8 million
▼ € 4.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.4 million
▲ 21 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2 million
▲ 138% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.8 million.
People and assets in 2025
39
▼ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▼ 6% vs 2024
€ 99,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,014
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14.2 million
▲ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 50.4 million
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 136 days on average.
€ 837,480
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 243,263,251 | € 184,701,239 | € 150,871,892 | € 141,207,542 | ▼ 6% |
| Profit after taxes | € 4,296,990 | € -3,625,347 | € -5,535,099 | € -4,372,893 | ▲ € 1.2 million |
| Equity | € 4,721,349 | € 1,096,003 | € -4,439,097 | € -8,811,990 | ▼ € 4.4 million |
| Total debts | € 171,314,686 | € 137,343,549 | € 110,205,085 | € 124,988,091 | ▲ 13% |
| Cash | € 1,672,142 | € 594,225 | € 828,617 | € 1,969,961 | ▲ 138% |
| Retained profit | € 4,700,887 | € 1,075,540 | € -4,459,559 | € -8,832,452 | ▼ € 4.4 million |
| Dividend | € 3,996,004 | € 0 | € 0 | € 0 | |
| Bank debt | € 25,000,000 | € 25,000,000 | € 13,000,000 | € 14,185,205 | ▲ 9% |
| Balance sheet total | € 176,194,036 | € 138,508,276 | € 105,765,988 | € 116,176,100 | ▲ 10% |
| Employees (FTE) | 42.4 | 47.7 | 44.9 | 39 | ▼ 5.9 |
Key figures of HB TRADING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HB TRADING?
What happened at HB TRADING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4.4 million. filed late Source: NBB ↗
- KSDT82 B.V. stepped down as director. NBB
- HB Antwerp B.V. stepped down as director. NBB
- RS49 BV became a director. NBB
- Shelanu B.V. became a director. NBB
- AMMOVEO CONSULTING B.V. became a director. NBB
- KSDT82 B.V. became a director. NBB
- HB Antwerp B.V. became a director. NBB
In short
From € 4.3 million profit in 2022 to € 4.4 million loss in 2025.
Paid € 933,970 in corporate taxes since 2022.
Best year ever: 2022, with € 4.3 million profit.
Paid out € 4 million in dividends to the owners in total.
Management
Behind HB TRADING are Shelanu B.V., AMMOVEO CONSULTING B.V. and RS49 BV. The shares are held by HB Antwerp BV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Oded Mansori
Also active at: HB Blueprint, HB MANUFACTURING, The HB Company, HB Antwerp, SIGNUM, HB IP
since 2021
Director · represented by Boaz Lev
Also active at: HB Blueprint, HB MANUFACTURING, The HB Company, HB Antwerp, SIGNUM, HB IP
since 2021
Director · represented by Roy Seber
Also active at: HB Blueprint, HB MANUFACTURING, The HB Company, HB Antwerp, SIGNUM, HB IP, SIMPLY SPARKLING
since 2024
Director · represented by Shai Mordechai De-Toledo
Also active at: HB Blueprint, HB MANUFACTURING, The HB Company, HB Antwerp, SIGNUM, HB IP
since 2021 · until 2025
since 2021 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 51
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 31 companies are registered at this address.
All companies at this address →Dali Diamond Company
Rubin & Zonen
€ 15.1 million revenue · 2026
OREDIA
€ -1,137 gross margin · 2025
HB Blueprint same network
€ 699,991 revenue · 2025
AERODIAM ANTWERP
€ 201,409 gross margin · 2025
+26 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0742.783.240
- VAT number
- BE 0742.783.240
- Registered office
- Hoveniersstraat 51, 2018 Antwerpen
- Names & denominations
- HB TRADING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2020
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Groothandel in diamant en andere edelstenen