ACTIVE

H2L

Financial year 2025 · closed on 31/12/2025
Net result
-316,6 k €
-782.7% YoY
Gross margin
662,3 k €
-44.4% YoY
Equity
7,5 M €
-4.0% YoY
Workforce
9,6 ETP
+26.3% YoY

What does H2L do?

H2L is a Private company with limited liability incorporated in 2009. Its main activity is: Activities of holding companies. Its registered office is in Kluisbergen. It employs on average 9,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0819.001.880
Incorporation
28/09/2009
Legal form
Private company with limited liability
Registered office
Berchemstraat 53
9690 Kluisbergen · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Average workforce
9,6 ETP
Joint committees (4)
  • 100
  • 200
  • 218
  • 336
Signals
Solid equityHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212019201820172016201520142013201220112010
Income statement
Gross margin662,3 k €1,2 M €1,8 M €820 k €1,6 M €865,3 k €474,6 k €385,8 k €207,2 k €206,3 k €334,4 k €339,1 k €268,3 k €48,4 k €86,3 k €
EBITDA-147,1 k €211 k €1,3 M €355,7 k €1,3 M €809 k €446,7 k €365 k €182,1 k €189,2 k €315,4 k €327,4 k €262,7 k €45,9 k €86,1 k €
Operating result-211,4 k €192 k €1,3 M €343,3 k €1,2 M €809 k €446,7 k €365 k €182,1 k €189,2 k €315,4 k €327,4 k €262,7 k €45,9 k €85,4 k €
Net result-316,6 k €-35,9 k €3,1 M €520,2 k €1,1 M €951,7 k €242,4 k €157,1 k €49 k €3 M €50 k €60,9 k €104,4 k €1,4 M €59,5 k €
Balance sheet
Equity7,5 M €7,8 M €10,9 M €7,9 M €7,6 M €6,1 M €5,1 M €4,9 M €4,7 M €4,7 M €1,7 M €1,6 M €1,6 M €1,5 M €71,9 k €
Total assets14,7 M €16 M €13,6 M €12,7 M €12 M €8,7 M €8,4 M €8,2 M €7,9 M €7,9 M €7,9 M €7,7 M €7,5 M €5,2 M €119,7 k €
Cash208 k €110,4 k €184 k €2,7 k €11,2 k €7 k €24,5 k €38 k €176 k €18,1 k €25,5 k €16,5 k €128,3 k €29,7 k €92,6 k €
Debts6,9 M €8 M €2,7 M €4,7 M €4,4 M €2,5 M €3,2 M €3,2 M €3 M €3,1 M €6,1 M €6 M €5,9 M €3,7 M €47,8 k €
Other
Workforce9,6 ETP7,6 ETP5,4 ETP5,5 ETP3,8 ETP1,0 ETP0,5 ETP0,6 ETP0,6 ETP0,4 ETP0,6 ETP0,3 ETP0,2 ETP0,2 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 31/12/2025 · 1 active · 8 ended

Active mandates

Jan Pison

Director

Active

Ended mandates

Gerrit Lambert

Manager · since 05 septembre 2012

Ended
Irène Fraeye

Manager · since 02 mars 2011

Ended
Jan Pison

Manager · since 25 septembre 2009

Ended
Gerrit Lambert

Manager · until 29 juin 2015

Ended
At this address

Other companies at this address

CompanyCBE no.
BTW-EENHEID H2LActive
0791.616.802
PROFUNDIAActive
0449.539.768
SPES NOSTRAActive
0720.956.359
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date02/09/202631/07/202531/07/202428/07/202329/07/202230/08/2021
General meeting06/06/202607/06/202501/06/202403/06/202304/06/202205/06/2021
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

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202506/06/202602/09/2026DutchPDF
Abridged model31/12/202407/06/202531/07/2025DutchPDF
Abridged model31/12/202301/06/202431/07/2024DutchPDF
Abridged model31/12/202203/06/202328/07/2023DutchPDF
Abridged model31/12/202104/06/202229/07/2022DutchPDF
Abridged model31/12/202005/06/202130/08/2021DutchPDF
Abridged model31/12/201908/09/202007/10/2020DutchPDF
Abridged model31/12/201801/06/201929/07/2019DutchPDF
Abridged model31/12/201702/06/201826/07/2018DutchPDF
Abridged model31/12/201603/06/201731/08/2017DutchPDF
Abridged model31/12/201504/06/201628/07/2016DutchPDF
Abridged model31/12/201406/06/201530/07/2015DutchPDF
Abridged model31/12/201328/05/201429/08/2014DutchPDF
Abridged modelCorrection31/12/201201/06/201318/09/2013DutchPDF
Abridged model31/12/201201/06/201331/08/2013DutchPDF
Abridged model31/12/201102/06/201230/07/2012DutchPDF
Abridged model31/12/201004/06/201131/08/2011DutchPDF
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 31/12/2025 · 1 active · 8 ended

Active mandates

Jan Pison

Director

Active

Ended mandates

Gerrit Lambert

Manager · since 05 septembre 2012

Ended
Irène Fraeye

Manager · since 02 mars 2011

Ended
Jan Pison

Manager · since 25 septembre 2009

Ended
Gerrit Lambert

Manager · until 29 juin 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/05/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/07/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office30/01/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/09/2012
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates16/11/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/10/2009
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025-316,6 k €
  2. 2024
    Annual accounts 2024-35,9 k €
  3. 2023
    Annual accounts 20233,1 M €
  4. 2022
    Annual accounts 2022520,2 k €
  5. 2021
    Annual accounts 20211,1 M €
  6. 2019
    Annual accounts 2019951,7 k €
  7. 2018
    Annual accounts 2018242,4 k €
  8. 2017
    Annual accounts 2017157,1 k €
  9. 2016
    Annual accounts 201649 k €
  10. 2015
    Annual accounts 20153 M €
  11. 2014
    Annual accounts 201450 k €
  12. 2013
    Annual accounts 201360,9 k €
  13. 2012
    Annual accounts 2012104,4 k €
  14. 2011
    Annual accounts 20111,4 M €
  15. 2010
    Annual accounts 201059,5 k €
  16. 28/09/2009
    IncorporationPrivate company with limited liability