ACTIVE

H84

Financial year 2025 · closed on 31/12/2025
Net result
14,6 k €
-43.5% YoY
Revenue
160,6 k €
-32.4% YoY
Equity
378,4 k €
+4.0% YoY

What does H84 do?

H84 is a Public limited company incorporated in 2017. Its registered office is in Theux.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0684.462.979
Incorporation
07/11/2017
Legal form
Public limited company
Registered office
Rue Armand Enkart 38
4910 Theux · WallonieSee on map
Contributed capital
400 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Revenue160,6 k €237,6 k €93,3 k €570,3 k €642,3 k €72,3 k €20,5 k €
EBITDA13,5 k €34,8 k €6 k €85,8 k €24,1 k €9 k €-4,7 k €-3,7 k €
Operating result13,5 k €34,8 k €6 k €85,8 k €24,1 k €9 k €-4,7 k €-3,7 k €
Net result14,6 k €25,9 k €-7,4 k €69,8 k €-7,4 k €-29,1 k €-40 k €-48 k €
Balance sheet
Equity378,4 k €363,8 k €337,9 k €345,4 k €275,5 k €283 k €312 k €14,5 k €
Total assets389,3 k €375,9 k €546,8 k €650,7 k €1,1 M €1,7 M €1,8 M €1,7 M €
Cash6,7 k €11,3 k €6,5 k €28,7 k €17,8 k €3,2 k €4,9 k €4,1 k €
Debts10,9 k €12,1 k €208,8 k €305,4 k €798,7 k €1,4 M €1,4 M €1,7 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

OLDICO

Director · since 18 décembre 2025 · until 19 juin 2030 · 0461.469.481

Represented by Olivier SERVAIS

Active
ARDENNE ENGINEERING

Director · since 19 décembre 2024 · until 18 décembre 2025 · 0787.456.688

Represented by Michaël Ghislain GUEBEL

Active
IMMO 5.0

Managing director · since 30 mai 2023 · until 20 juin 2029 · 0527.988.915

Represented by Thami LARAKI

Active

Ended mandates

ARDENNE ENGINEERING

Director · since 19 décembre 2024 · until 19 juin 2030 · 0787.456.688

Represented by Michaël Ghislain GUEBEL

Ended
IMMO 5.0

Managing director · since 30 mai 2023 · until 04 mai 2029 · 0527.988.915

Represented by Thami LARAKI

Ended
L.A.R.D.

Director · since 26 janvier 2023 · until 19 décembre 2024 · 0860.092.763

Represented by Paul CLAES

Ended
L.A.R.D.

Director · since 26 janvier 2023 · until 20 juin 2029 · 0860.092.763

Represented by Paul CLAES

Ended
At this address

Other companies at this address

CompanyCBE no.
PHIMAActive
0429.954.181
T. PALMActive
0416.451.583
T.PALM HOLDINGActive
0543.267.801
0440.300.717
0440.671.790
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date29/07/202625/07/202505/06/202416/06/202304/07/202219/07/2021
General meeting30/06/202630/06/202516/05/202430/05/202310/06/202229/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202629/07/2026FrenchPDF
Full model31/12/202430/06/202525/07/2025FrenchPDF
Full model31/12/202316/05/202405/06/2024FrenchPDF
Full model31/12/202230/05/202316/06/2023FrenchPDF
Full model31/12/202110/06/202204/07/2022FrenchPDF
Full model31/12/202029/06/202119/07/2021FrenchPDF
Full model31/12/201908/09/202005/10/2020FrenchPDF
Full model31/12/201824/06/201926/06/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 3 active · 11 ended

Active mandates

OLDICO

Director · since 18 décembre 2025 · until 19 juin 2030 · 0461.469.481

Represented by Olivier SERVAIS

Active
ARDENNE ENGINEERING

Director · since 19 décembre 2024 · until 18 décembre 2025 · 0787.456.688

Represented by Michaël Ghislain GUEBEL

Active
IMMO 5.0

Managing director · since 30 mai 2023 · until 20 juin 2029 · 0527.988.915

Represented by Thami LARAKI

Active

Ended mandates

ARDENNE ENGINEERING

Director · since 19 décembre 2024 · until 19 juin 2030 · 0787.456.688

Represented by Michaël Ghislain GUEBEL

Ended
IMMO 5.0

Managing director · since 30 mai 2023 · until 04 mai 2029 · 0527.988.915

Represented by Thami LARAKI

Ended
L.A.R.D.

Director · since 26 janvier 2023 · until 19 décembre 2024 · 0860.092.763

Represented by Paul CLAES

Ended
L.A.R.D.

Director · since 26 janvier 2023 · until 20 juin 2029 · 0860.092.763

Represented by Paul CLAES

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/04/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares16/01/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    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 202514,6 k €
  2. 2024
    Annual accounts 202425,9 k €
  3. 2023
    Annual accounts 2023-7,4 k €
  4. 2022
    Annual accounts 202269,8 k €
  5. 2021
    Annual accounts 2021-7,4 k €
  6. 2020
    Annual accounts 2020-29,1 k €
  7. 2019
    Annual accounts 2019-40 k €
  8. 2018
    Annual accounts 2018-48 k €
  9. 07/11/2017
    IncorporationPublic limited company