ACTIVE

'H

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Financial year 2025 · closed on 30/06/2025

Net result

2 k €

-88.4% YoY

Gross margin

104,2 k €

-6.9% YoY

Equity

297,9 k €

+0.7% YoY

What does 'H do?

'H is a Public limited company incorporated in 1992. Its main activity is: Performing arts. Its registered office is in Saint-Josse-ten-Noode.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.918.482

Incorporation

14/07/1992

Legal form

Public limited company

Registered office

Rue Braemt 64-70
1210 Saint-Josse-ten-Noode · BruxellesSee on map

Contributed capital

867 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

90012Performing arts· main 90202Creative, arts and entertainment activities 92312Gambling and betting activities 55301Camping grounds, recreational vehicle parks and trailer parks 55401Accommodation 56101Restaurants and mobile food service activities+3

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	104,2 k €	-6.9%	111,9 k €	-39.2%	183,9 k €	-26.0%	248,5 k €	+14.5%	217 k €	-49.7%	431,4 k €	+39.3%	309,7 k €	-45.0%	563 k €	-0.3%	564,9 k €	+78.5%	316,4 k €	+3.3%	306,4 k €	-13.4%	353,7 k €	+16.3%	304,2 k €	+9.4%	278 k €	-6.1%	296 k €	+1.5%	291,8 k €	+0.5%	290,2 k €	+31.9%	220 k €	+31.6%	167,2 k €
EBITDA	67,4 k €	-27.9%	93,5 k €	-14.2%	109 k €	+0.6%	108,4 k €	-31.9%	159,1 k €	-56.4%	365,2 k €	+64.5%	222 k €	-43.9%	395,6 k €	-23.8%	519 k €	+72.9%	300,3 k €	+5.1%	285,7 k €	-13.1%	328,6 k €	+14.7%	286,5 k €	+12.3%	255 k €	-8.7%	279,3 k €	-1.9%	284,6 k €	+1.4%	280,7 k €	+32.2%	212,4 k €	+33.5%	159,1 k €
Operating result	6,9 k €	-76.3%	29 k €	+96.9%	14,7 k €	+44.0%	10,2 k €	-83.2%	61 k €	-76.8%	262,7 k €	+212%	84,1 k €	-68.4%	266 k €	-0.2%	266,7 k €	+407%	52,6 k €	+33.9%	39,3 k €	-52.4%	82,6 k €	+17.4%	70,4 k €	+5.8%	66,5 k €	-23.2%	86,7 k €	-2.6%	89 k €	+4.0%	85,5 k €	+396%	17,2 k €	-85.3%	117,6 k €
Net result	2 k €	-88.4%	17,4 k €	+201%	5,8 k €	+1090%	487,7 €	-98.9%	45,5 k €	-78.2%	209 k €	+216%	66,2 k €	-72.5%	240,4 k €	-0.5%	241,7 k €	+884%	24,6 k €	+148%	9,9 k €	+36.6%	7,3 k €	-79.8%	35,9 k €	+60.6%	22,4 k €	-29.5%	31,7 k €	+1.1%	31,4 k €	+1771%	1,7 k €	+108%	-22,3 k €	-121%	104,8 k €
Balance sheet
Equity	297,9 k €	+0.7%	295,9 k €	+6.3%	278,5 k €	+2.1%	272,7 k €	+0.2%	272,2 k €	+20.1%	226,7 k €	+1185%	17,6 k €	+136%	-48,5 k €	+83.2%	-288,9 k €	+45.5%	-530,6 k €	+4.4%	-555,2 k €	+1.8%	-565,1 k €	+1.3%	-572,3 k €	+5.9%	-608,3 k €	+3.5%	-630,6 k €	+4.8%	-662,4 k €	+4.5%	-693,7 k €	+0.2%	-695,4 k €	+47.4%	-1,3 M €
Total assets	735,8 k €	-12.3%	838,9 k €	+1.4%	827,2 k €	-9.3%	912,2 k €	-10.5%	1 M €	-17.1%	1,2 M €	-7.4%	1,3 M €	-3.0%	1,4 M €	-6.4%	1,5 M €	-11.3%	1,6 M €	-11.6%	1,9 M €	-8.2%	2 M €	-0.4%	2 M €	-5.2%	2,2 M €	-4.1%	2,2 M €	-7.8%	2,4 M €	-2.5%	2,5 M €	-7.2%	2,7 M €	+252%	763,7 k €
Cash	68,9 k €	-45.5%	126,4 k €	+113%	59,4 k €	+53.7%	38,6 k €	-41.6%	66,2 k €	-48.0%	127,3 k €	+27.7%	99,7 k €	-12.4%	113,8 k €	-43.6%	201,8 k €	+21.1%	166,7 k €	-3.2%	172,2 k €	+133%	74 k €	-58.8%	179,5 k €	-38.7%	292,6 k €	+29.6%	225,7 k €	+20.9%	186,6 k €	+78.6%	104,5 k €	+90.9%	54,8 k €	-27.4%	75,5 k €
Debts	437,5 k €	-19.4%	542,6 k €	-1.1%	548,7 k €	-14.2%	639,5 k €	-14.3%	746,5 k €	-25.5%	1 M €	-23.5%	1,3 M €	-7.3%	1,4 M €	-19.3%	1,8 M €	-19.6%	2,2 M €	-10.0%	2,4 M €	-6.2%	2,6 M €	-0.5%	2,6 M €	-5.4%	2,7 M €	-4.0%	2,9 M €	-7.3%	3,1 M €	-3.0%	3,2 M €	-6.2%	3,4 M €	+62.3%	2,1 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,1 ETP	-50.0%	0,2 ETP	-33.3%	0,3 ETP	+200%	0,1 ETP	-50.0%	0,2 ETP		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 25 ended

Active mandates

Jeanne KACENELENBOGEN

Director · since 28 décembre 2023 · until 23 novembre 2029

Active

Lou KACENELENBOGEN

Director · since 28 décembre 2023 · until 23 novembre 2029

Active

Michel KACENELENBOGEN

Managing director · since 28 décembre 2023 · until 23 novembre 2029

Active

Patricia IDE

Director · since 28 décembre 2023 · until 23 novembre 2029

Active

Ended mandates

Jeanne KACENELENBOGEN

Director · since 23 novembre 2019 · until 24 novembre 2023

Ended

Jeanne KACENELENBOGEN

Director · since 23 novembre 2019

Ended

Lou KACENELENBOGEN

Director · since 23 novembre 2019 · until 24 novembre 2023

Ended

Lou KACENELENBOGEN

Director · since 23 novembre 2019

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/12/2025	31/01/2025	26/01/2024	26/12/2022	31/01/2022	29/01/2021
General meeting	28/11/2025	20/01/2025	05/01/2024	23/12/2022	28/01/2022	28/01/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	28/11/2025	08/12/2025	French	PDF
Micro model	30/06/2024	20/01/2025	31/01/2025	French	PDF
Micro model	30/06/2023	05/01/2024	26/01/2024	French	PDF
Micro model	30/06/2022	23/12/2022	26/12/2022	French	PDF
Micro model	30/06/2021	28/01/2022	31/01/2022	French	PDF
Micro model	30/06/2020	28/01/2021	29/01/2021	French	PDF
Micro model	30/06/2019	22/11/2019	18/12/2019	French	PDF
Micro model	30/06/2018	23/11/2018	09/01/2019	French	PDF
Micro model	30/06/2017	24/11/2017	02/01/2018	French	PDF
Abridged model	30/06/2016	25/11/2016	07/12/2016	French	PDF
Abridged model	30/06/2015	27/11/2015	24/12/2015	French	PDF
Abridged model	30/06/2014	28/11/2014	30/12/2014	French	PDF
Abridged model	30/06/2013	22/11/2013	15/01/2014	French	PDF
Abridged model	30/06/2012	23/11/2012	14/01/2013	French	PDF
Abridged model	30/06/2011	25/11/2011	19/01/2012	French	PDF
Abridged model	30/06/2010	26/11/2010	30/12/2010	French	PDF
Abridged model	30/06/2009	27/11/2009	28/12/2009	French	PDF
Abridged model	30/06/2008	28/11/2008	05/02/2009	French	PDF
Abridged model	30/06/2007	23/11/2007	21/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 4 active · 25 ended

Active mandates

Jeanne KACENELENBOGEN

Director · since 28 décembre 2023 · until 23 novembre 2029

Active

Lou KACENELENBOGEN

Director · since 28 décembre 2023 · until 23 novembre 2029

Active

Michel KACENELENBOGEN

Managing director · since 28 décembre 2023 · until 23 novembre 2029

Active

Patricia IDE

Director · since 28 décembre 2023 · until 23 novembre 2029

Active

Ended mandates

Jeanne KACENELENBOGEN

Director · since 23 novembre 2019 · until 24 novembre 2023

Ended

Jeanne KACENELENBOGEN

Director · since 23 novembre 2019

Ended

Lou KACENELENBOGEN

Director · since 23 novembre 2019 · until 24 novembre 2023

Ended

Lou KACENELENBOGEN

Director · since 23 novembre 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates12/02/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates18/01/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates18/03/2013
DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/04/2008
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/01/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates06/02/2004
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252 k €↓
2024
Annual accounts 202417,4 k €↑
2023
Annual accounts 20235,8 k €↑
2022
Annual accounts 2022487,7 €↓
2021
Annual accounts 202145,5 k €↓
2020
Annual accounts 2020209 k €↑
2019
Annual accounts 201966,2 k €↓
2018
Annual accounts 2018240,4 k €↓
2017
Annual accounts 2017241,7 k €↑
2016
Annual accounts 201624,6 k €↑
2015
Annual accounts 20159,9 k €↑
2014
Annual accounts 20147,3 k €↓
2013
Annual accounts 201335,9 k €↑
2012
Annual accounts 201222,4 k €↓
2011
Annual accounts 201131,7 k €↑
2010
Annual accounts 201031,4 k €↑
2009
Annual accounts 20091,7 k €↑
2008
Annual accounts 2008-22,3 k €↓
2007
Annual accounts 2007104,8 k €
14/07/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

'H

Overview

What does 'H do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline