ACTIVE

H2eau

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Financial year 2025 · closed on 31/12/2025
Net result
104,5 k €
+13.6% YoY
Gross margin
262,7 k €
+9.3% YoY
Equity
407,5 k €
+10.9% YoY

What does H2eau do?

H2eau is a Private limited company incorporated in 2014. Its main activity is: Building completion and finishing. Its registered office is in Etterbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0507.692.753
Incorporation
23/12/2014
Legal form
Private limited company
Registered office
Place du Roi Vainqueur 11 box 8
1040 Etterbeek · BruxellesSee on map
Contributed capital
460,00 €
Latest accounts
31/12/2025
Activities (NACE)
43350Building completion and finishing· main43390Other building completion and finishing81220Other building and industrial cleaning activities81220Other building and industrial cleaning activities46442Wholesale of china and glassware and cleaning materials46442Wholesale of china and glassware and cleaning materials+8
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin262,7 k €240,4 k €199,7 k €165,7 k €109,2 k €163,1 k €157,8 k €140,7 k €158,7 k €174,7 k €214,7 k €
EBITDA153,3 k €136,6 k €100,1 k €96,9 k €58,1 k €100 k €108 k €89,3 k €97,2 k €100 k €137,9 k €
Operating result150,1 k €135,5 k €99,3 k €91,6 k €54,5 k €96,4 k €81,2 k €63,5 k €71,3 k €74,1 k €111,9 k €
Net result104,5 k €92 k €72 k €64,3 k €35,9 k €65,4 k €56,5 k €42,4 k €37,5 k €38,3 k €66,5 k €
Balance sheet
Equity407,5 k €367,4 k €325,5 k €299,9 k €268,2 k €247,3 k €196,2 k €151,1 k €120,2 k €89,9 k €78,9 k €
Total assets701,1 k €600,2 k €518,6 k €490,7 k €447,3 k €389,7 k €368,4 k €356,4 k €356,4 k €344,2 k €284,8 k €
Cash504,1 k €434,5 k €380 k €387,9 k €329,4 k €307,5 k €225,6 k €214,4 k €204,3 k €182,6 k €111 k €
Debts293,6 k €232,8 k €193,1 k €190,8 k €179,2 k €142,4 k €172,2 k €204,9 k €236 k €254,1 k €205,9 k €
Other
Workforce–2,0 ETP–––––––1,5 ETP1,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Serge Janssens

Director

Active

Ended mandates

Serge Janssens

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Association des copropriétaires de la Résidence "BRUYLANTS" à Etterbeek, place du Roi Vainqueur 11● Active
0829.827.080
Les Amis du Père Damien● Active
0414.131.602
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date11/06/202615/06/202515/06/202426/06/202313/06/202214/06/2021
General meeting11/06/202612/06/202514/06/202408/06/202309/06/202210/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202611/06/2026FrenchPDF
Abridged model31/12/202412/06/202515/06/2025FrenchPDF
Abridged model31/12/202314/06/202415/06/2024FrenchPDF
Micro model31/12/202208/06/202326/06/2023FrenchPDF
Micro model31/12/202109/06/202213/06/2022FrenchPDF
Micro model31/12/202010/06/202114/06/2021FrenchPDF
Micro model31/12/201911/06/202012/06/2020FrenchPDF
Micro model31/12/201813/06/201902/07/2019FrenchPDF
Micro model31/12/201714/06/201821/08/2018FrenchPDF
Abridged model31/12/201608/06/201709/06/2017FrenchPDF
Abridged model31/12/201509/06/201610/06/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 1 active · 1 ended

Active mandates

Serge Janssens

Director

Active

Ended mandates

Serge Janssens

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Other09/04/2015
    DIVERS
    PDF
  • Other29/12/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025104,5 k €↑
  2. 2024
    Annual accounts 202492 k €↑
  3. 2023
    Annual accounts 202372 k €↑
  4. 2022
    Annual accounts 202264,3 k €↑
  5. 2021
    Annual accounts 202135,9 k €↓
  6. 2020
    Annual accounts 202065,4 k €↑
  7. 2019
    Annual accounts 201956,5 k €↑
  8. 2018
    Annual accounts 201842,4 k €↑
  9. 2017
    Annual accounts 201737,5 k €↓
  10. 2016
    Annual accounts 201638,3 k €↓
  11. 2015
    Annual accounts 201566,5 k €
  12. 23/12/2014
    IncorporationPrivate limited company