ACTIVE

H2D

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Financial year 2025 · closed on 31/12/2025

Net result

47 k €

-30.5% YoY

Gross margin

236,5 k €

-0.8% YoY

Equity

366 k €

+14.0% YoY

What does H2D do?

H2D is a Private limited company incorporated in 2003. Its registered office is in Dour.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.712.564

Incorporation

19/11/2003

Legal form

Private limited company

Registered office

Rue Viane 4
7370 Dour · WallonieSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	236,5 k €	-0.8%	238,5 k €	+18.2%	201,8 k €	+14.1%	176,8 k €	-0.7%	178,1 k €	+17.9%	151,1 k €	+5.6%	143 k €	-10.6%	159,9 k €	+45.3%	110,1 k €	+13.6%	96,9 k €	-7.3%	104,5 k €	+2.4%	102,1 k €	-28.2%	142,3 k €	+43.4%	99,3 k €	-30.9%	143,6 k €	+28.8%	111,5 k €	+17.1%	95,2 k €	-17.0%	114,7 k €	+70.0%	67,5 k €	-47.7%	129 k €
EBITDA	83,4 k €	-18.4%	102,2 k €	+3.4%	98,9 k €	+18.1%	83,7 k €	-14.6%	98,1 k €	+37.3%	71,4 k €	+83.6%	38,9 k €	-18.2%	47,6 k €	+226%	14,6 k €	+14.9%	12,7 k €	-50.1%	25,4 k €	+60.9%	15,8 k €	-76.9%	68,3 k €	+797%	-9,8 k €	-134%	28,7 k €	+887%	-3,6 k €	-117%	22,1 k €	-41.7%	37,8 k €	+561%	-8,2 k €	-114%	59,1 k €
Operating result	65,6 k €	-23.7%	85,9 k €	+4.8%	82 k €	+39.2%	58,9 k €	-17.9%	71,7 k €	+47.5%	48,6 k €	+480%	8,4 k €	-59.2%	20,5 k €	+339%	4,7 k €	+64.1%	2,8 k €	-72.5%	10,4 k €	+1038%	911,5 €	-98.0%	44,6 k €	+234%	-33,4 k €	-689%	5,7 k €	+121%	-26,6 k €	-291%	-6,8 k €	-142%	16,3 k €	+149%	-33,2 k €	-197%	34,1 k €
Net result	47 k €	-30.5%	67,6 k €	+10.9%	60,9 k €	+51.2%	40,3 k €	-24.3%	53,2 k €	+69.1%	31,5 k €	+890%	3,2 k €	-80.7%	16,5 k €	+1022%	1,5 k €	+236%	-1,1 k €	-118%	6,1 k €	+289%	-3,2 k €	-108%	40,9 k €	+201%	-40,6 k €	-3664%	-1,1 k €	+96.7%	-32,4 k €	-161%	-12,4 k €	-193%	13,3 k €	+134%	-39,5 k €	-258%	25 k €
Balance sheet
Equity	366 k €	+14.0%	321 k €	+19.8%	267,9 k €	+29.4%	207 k €	+24.2%	166,7 k €	+46.9%	113,5 k €	+38.3%	82,1 k €	+3.0%	79,7 k €	+24.5%	64 k €	+2.4%	62,5 k €	-1.7%	63,6 k €	+10.6%	57,5 k €	-5.3%	60,7 k €	+206%	19,9 k €	-67.2%	60,5 k €	-1.8%	61,6 k €	-34.5%	94 k €	-11.7%	106,4 k €	+14.3%	93,1 k €	-2.1%	95 k €
Total assets	538,9 k €	+11.0%	485,7 k €	+9.4%	443,9 k €	+20.5%	368,3 k €	+7.9%	341,3 k €	-16.8%	410 k €	+36.9%	299,6 k €	-34.0%	453,6 k €	+129%	198,1 k €	+8.5%	182,6 k €	-18.1%	222,9 k €	-3.1%	230 k €	-35.2%	355,1 k €	+5.1%	337,9 k €	-18.7%	415,5 k €	+7.5%	386,5 k €	+50.5%	256,8 k €	+8.3%	237 k €	-4.2%	247,5 k €	-7.2%	266,6 k €
Cash	196,7 k €	-22.9%	255,3 k €	+56.7%	163 k €	-12.4%	186 k €	+29.2%	144 k €	-32.3%	212,8 k €	+128%	93,3 k €	-36.5%	147 k €	+107%	70,9 k €	+3.2%	68,7 k €	-44.7%	124,1 k €	+38.2%	89,8 k €	-55.2%	200,2 k €	+33.3%	150,2 k €	+15.1%	130,4 k €	+174%	47,6 k €	+212%	15,2 k €	+139%	6,4 k €	-62.7%	17,1 k €	+21.1%	14,1 k €
Debts	173 k €	+5.1%	164,6 k €	-6.5%	176 k €	+9.1%	161,3 k €	-7.6%	174,6 k €	-41.1%	296,5 k €	+36.3%	217,5 k €	-41.8%	374 k €	+179%	134,1 k €	+11.7%	120 k €	-24.7%	159,3 k €	-7.6%	172,5 k €	-41.4%	294,4 k €	-7.4%	318,1 k €	-10.4%	355 k €	+11.3%	319 k €	+96.0%	162,8 k €	+24.6%	130,6 k €	-15.4%	154,4 k €	-10.0%	171,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,5 ETP	0.0%	2,5 ETP	+25.0%	2,0 ETP	-35.5%	3,1 ETP	-24.4%	4,1 ETP	+51.9%	2,7 ETP	+42.1%	1,9 ETP	-29.6%	2,7 ETP	0.0%	2,7 ETP	-6.9%	2,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Julien Decker

Director

Active

Ended mandates

HENRI DECKER

Mandate

Ended

HENRI DECKER

Manager

Ended

JULIEN DECKER

Mandate

Ended

JULIEN DECKER

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
MAYDEC● Active	1018.275.415

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	23/08/2026	31/08/2025	10/07/2024	31/08/2023	26/08/2022	31/08/2021
General meeting	20/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/06/2026	23/08/2026	French	PDF
Micro model	31/12/2024	10/06/2025	31/08/2025	French	PDF
Micro model	31/12/2023	11/06/2024	10/07/2024	French	PDF
Micro model	31/12/2022	13/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	14/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	08/06/2021	31/08/2021	French	PDF
Micro model	31/12/2019	09/06/2020	31/08/2020	French	PDF
Micro model	31/12/2018	11/06/2019	31/08/2019	French	PDF
Micro model	31/12/2017	12/06/2018	31/08/2018	French	PDF
Micro model	31/12/2016	13/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 ended

Active mandates

Julien Decker

Director

Active

Ended mandates

HENRI DECKER

Mandate

Ended

HENRI DECKER

Manager

Ended

JULIEN DECKER

Mandate

Ended

JULIEN DECKER

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office31/08/2020
SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
PDF
Mandates12/07/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office01/03/2011
SIEGE SOCIAL
PDF
Mandates13/03/2009
OBJET - DEMISSIONS, NOMINATIONS
PDF
Other26/11/2003
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

2025
Annual accounts 202547 k €↓
2024
Annual accounts 202467,6 k €↑
2023
Annual accounts 202360,9 k €↑
2022
Annual accounts 202240,3 k €↓
2021
Annual accounts 202153,2 k €↑
2020
Annual accounts 202031,5 k €↑
2019
Annual accounts 20193,2 k €↓
2018
Annual accounts 201816,5 k €↑
2017
Annual accounts 20171,5 k €↑
2016
Annual accounts 2016-1,1 k €↓
2015
Annual accounts 20156,1 k €↑
2014
Annual accounts 2014-3,2 k €↓
2013
Annual accounts 201340,9 k €↑
2012
Annual accounts 2012-40,6 k €↓
2011
Annual accounts 2011-1,1 k €↑
2010
Annual accounts 2010-32,4 k €↓
2009
Annual accounts 2009-12,4 k €↓
2008
Annual accounts 200813,3 k €↑
2007
Annual accounts 2007-39,5 k €↓
2006
Annual accounts 200625 k €
19/11/2003
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

H2D

Overview

What does H2D do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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