ACTIVE

H²G

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Financial year 2025 · closed on 31/12/2025

Net result

22,2 k €

-47.4% YoY

Gross margin

90,8 k €

-28.8% YoY

Equity

289,1 k €

+8.3% YoY

What does H²G do?

H²G is a Private limited company incorporated in 2009. Its main activity is: Legal activities. Its registered office is in Linkebeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.276.927

Incorporation

09/12/2009

Legal form

Private limited company

Registered office

Drève des Bruyères 23
1630 Linkebeek · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

69103Legal activities· main 69103Legal activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	90,8 k €	-28.8%	127,6 k €	+47.7%	86,4 k €	-16.2%	103,1 k €	-2.7%	106 k €	-17.0%	127,8 k €	+42.9%	89,4 k €	-29.0%	125,8 k €	-2.7%	129,4 k €	+51.9%	85,2 k €	+92.6%	44,2 k €	-40.2%	74 k €	-20.3%	92,8 k €	-3.8%	96,5 k €	+44.6%	66,7 k €	+154%	26,3 k €
EBITDA	87,5 k €	-29.4%	124 k €	+49.6%	82,9 k €	-17.4%	100,3 k €	-0.9%	101,2 k €	+7.8%	93,8 k €	+8.5%	86,5 k €	-28.4%	120,7 k €	-4.0%	125,7 k €	+55.1%	81 k €	+83.2%	44,2 k €	-40.2%	74 k €	-20.3%	92,8 k €	-3.8%	96,5 k €	+45.1%	66,5 k €	+153%	26,3 k €
Operating result	50,8 k €	-38.9%	83,1 k €	+210%	26,9 k €	-41.3%	45,8 k €	-4.3%	47,8 k €	+0.2%	47,7 k €	+155%	18,7 k €	-68.5%	59,4 k €	-7.6%	64,3 k €	+57.6%	40,8 k €	+12907%	-318,7 €	-101%	24,2 k €	-44.3%	43,6 k €	-11.7%	49,4 k €	+110%	23,5 k €	+307%	-11,3 k €
Net result	22,2 k €	-47.4%	42,2 k €	+1019%	3,8 k €	-78.8%	17,8 k €	-1.8%	18,1 k €	-10.8%	20,3 k €	+1037%	-2,2 k €	-109%	23,1 k €	-7.6%	25 k €	+54.7%	16,2 k €	+168%	-23,7 k €	-81481%	29,2 €	-99.9%	19,6 k €	-19.1%	24,2 k €	+302%	-12 k €	+57.2%	-28 k €
Balance sheet
Equity	289,1 k €	+8.3%	267 k €	+18.8%	224,8 k €	+1.7%	221 k €	+8.8%	203,2 k €	+9.3%	185,9 k €	+12.3%	165,6 k €	-1.3%	167,7 k €	+16.0%	144,7 k €	+20.9%	119,7 k €	+15.6%	103,5 k €	-18.7%	127,3 k €	+0.0%	127,2 k €	-5.2%	134,2 k €	+22.1%	110 k €	-9.8%	122 k €
Total assets	647,2 k €	+0.6%	643,5 k €	-1.3%	652,2 k €	+0.3%	650,1 k €	+11.3%	584,2 k €	-3.4%	604,7 k €	-4.4%	632,5 k €	-2.0%	645,3 k €	-2.1%	659,4 k €	+25.7%	524,8 k €	+0.6%	521,7 k €	-8.2%	568,4 k €	-6.9%	610,8 k €	-4.0%	636 k €	-0.9%	641,8 k €	+11.8%	573,9 k €
Cash	61,2 k €	+47.9%	41,4 k €	+11.2%	37,3 k €	-45.0%	67,7 k €	+73.3%	39,1 k €	+35.8%	28,8 k €	+3.3%	27,9 k €	+31.7%	21,2 k €	-71.7%	74,8 k €	+40.7%	53,1 k €	+182%	18,9 k €	+9.9%	17,2 k €	-4.4%	17,9 k €	+22.1%	14,7 k €	-59.5%	36,3 k €	+46.2%	24,9 k €
Debts	326,5 k €	-10.8%	366 k €	-12.2%	417 k €	-2.8%	428,8 k €	+12.6%	380,9 k €	-8.4%	415,7 k €	-5.9%	442 k €	-4.9%	464,6 k €	-5.1%	489,8 k €	+25.3%	390,9 k €	-6.1%	416,3 k €	-5.6%	441,1 k €	-8.4%	481,6 k €	-3.2%	497,7 k €	-6.1%	530 k €	+17.8%	450 k €

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 · 1 ended

Active mandates

François-Michel HUWART

Director

Active

Ended mandates

François-Michel HUWART

Administrator - manager

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2026	29/08/2025	03/09/2024	28/08/2023	25/08/2022	30/08/2021
General meeting	30/06/2026	30/06/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	30/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	14/05/2024	03/09/2024	Dutch	PDF
Micro model	31/12/2022	09/05/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	10/05/2022	25/08/2022	Dutch	PDF
Micro model	31/12/2020	11/05/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	14/05/2019	31/08/2019	Dutch	PDF
Micro model	31/12/2017	08/05/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	09/05/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	10/05/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	29/09/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	07/06/2011	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 31/12/2025 · 1 active · 1 ended

Active mandates

François-Michel HUWART

Director

Active

Ended mandates

François-Michel HUWART

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/09/2024
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates16/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/02/2011
SIEGE SOCIAL
PDF
Other16/02/2011
DIVERS
PDF
Other18/12/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF
Other18/12/2009
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

2025
Annual accounts 202522,2 k €↓
2024
Annual accounts 202442,2 k €↑
2023
Annual accounts 20233,8 k €↓
2022
Annual accounts 202217,8 k €↓
2021
Annual accounts 202118,1 k €↓
2020
Annual accounts 202020,3 k €↑
2019
Annual accounts 2019-2,2 k €↓
2018
Annual accounts 201823,1 k €↓
2017
Annual accounts 201725 k €↑
2016
Annual accounts 201616,2 k €↑
2015
Annual accounts 2015-23,7 k €↓
2014
Annual accounts 201429,2 €↓
2013
Annual accounts 201319,6 k €↓
2012
Annual accounts 201224,2 k €↑
2011
Annual accounts 2011-12 k €↑
2010
Annual accounts 2010-28 k €
09/12/2009
IncorporationPrivate 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

H²G

Overview

What does H²G do?

Trend over 16 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