H2A INVEST
ActiveH2A INVEST has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €729k and a net result of €9k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
76
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+1
Solvency96▼-4
Growth52=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 12.23 in 2024), and 47.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.3%
Return on assets
0.6%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
30 d late
2024
23 d late
2023
88 d late
2022
61 d late
2021
30 d late
2020
31 d late
2019
86 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€729k▲ 1.2%
2024 · €720k
2019: €77k
2020: €397k
2021: €406k
2022: €428k
2023: €713k
2024: €720k
2019 → 2025
Total assets
€1.39M▲ 32.4%
2024 · €1.05M
2019: €674k
2020: €949k
2021: €853k
2022: €777k
2023: €817k
2024: €1.05M
2019 → 2025
Net result
€9k▲ 15.5%
2024 · €8k
2019: €58k
2020: €320k
2021: €9k
2022: €22k
2023: €405k
2024: €8k
2019 → 2025
Working capital
€448k▼ 24.5%
2024 · €594k
2019: €-132k
2020: €233k
2021: €323k
2022: €340k
2023: €713k
2024: €594k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€406k-€428k▲ 5.4%€713k▲ 66.6%€720k▲ 1.1%€729k▲ 1.2%
Operating result€99k-€52k▼ 47.7%€487k▲ 841%€9k▼ 98.1%€-27k
Net result€9k-€22k▲ 143%€405k▲ 1,753%€8k▼ 98.1%€9k▲ 15.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27k after €9k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.39M
Fixed assets
€744k▲ 83.0%
Current assets
€650k▲ 0.6%
Equity and liabilities €1.39M
Equity
€729k▲ 1.2%
Debt
€665k▲ 99.8%
The debt ratio rises from 31.6% to 47.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€4k▼
2024 · €37k
Cash flow
€39k▲
2024 · €36k
Solvency
52.3%▼
2024 · 68.4%
Current ratio
3.22▼
2024 · 12.23
Quick ratio
3.22▼
2024 · 12.23
Debt / equity
0.91▲
2024 · 0.46
ROE
1.2%▲
2024 · 1.1%
ROA
0.6%▼
2024 · 0.7%
Interest coverage
0.26▼
2024 · 5.27
Debt
€665k▲
2024 · €333k
Debt ≤ 1 year
€202k▲
2024 · €53k
Debt > 1 year
€463k▲
2024 · €280k
Income taxes
€-50k▼
2024 · €-5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.05M€1.39M▲
Fixed assets21/28€406k€744k▲
Tangible fixed assets22/27€406k€744k▲
Land and buildings22€304k€695k▲
Furniture and vehicles24€101k€49k▼
Other tangible fixed assets26€2k-
Current assets29/58€647k€650k▲
Amounts receivable within one year40/41€630k€602k▼
Trade receivables40€624k€602k▼
Other amounts receivable41€6k-
Cash at bank and in hand54/58€16k€49k▲
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.39M▲
Equity10/15€720k€729k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€713k€707k▼
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€655k€649k▼
Distributable reserves133€56k€56k=
Profit (loss) carried forward14€-12k€3k▲
Amounts payable17/49€333k€665k▲
Amounts payable after more than one year17€280k€463k▲
Financial debts170/4€280k€463k▲
Amounts payable within one year42/48€53k€202k▲
Current portion of amounts payable after more than one year42€25k€26k▲
Financial debts43-€95k
Credit institutions430/8-€95k
Trade debts44€27k€18k▼
Suppliers440/4€27k€18k▼
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€903€903=
Remuneration and social security454/9€172€172=
Other amounts payable47/48-€62k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€31k▲
Other operating charges640/8€8k€1k▼
Gross operating margin9900€45k€5k▼
Operating profit (loss)9901€9k€-27k▼
Financial charges65/66B€7k€14k▲
Recurring financial charges65€7k€14k▲
Profit (loss) for the period before taxes9903€2k€-41k▼
Income taxes67/77€-5k€-50k▼
Profit (loss) for the period9904€8k€9k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€14k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€3k▲
Profit (loss) brought forward from the previous period14P€-25k€-12k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Weakest financial yearnet €8k ▼98.1%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 88 days late
2023
31-12
Financial
Highest result since 2019net €405k ▲1753%
Operating result €487k, net result €405k, both a record.
31-12
Financial
Liquidity times 5current ratio 19.15
Current ratio from 3.64 to 19.15; short-term debt falls from €129k to €39k.
31-12
Financial
Equity above €500kEq €713k ▲66.6%
5 profitable years in a row build equity to €713k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 13current ratio 2.28
Current ratio from 0.18 to 2.28.
31-12
Financial
Equity above €200kEq €397k ▲417%
2 profitable years in a row build equity to €397k.
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Erquelinnes · 2 establishment units since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De la Halle 276560 ErquelinnesGround area
751 m²
Building footprint
177 m²
Volume, LiDAR
1,218 m³
Parcel 56022B0444/00A112, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
H2A INVEST
since 20182.278.578.795
H2A INVEST
since 20182.278.578.894
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56022B0444/00A112 | Wallonia | 751 m² | 1 · 177 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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PANIEVA
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JOBEL STEIGERS
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MACTO
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Of 7,247 companies in sector 43350 we hold annual accounts for 2,333. 1,078 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2018
Fiscal year end31-12
Abbreviation FR
H2AI
Activities, NACEBEL
43350Other building finishing work
43230Insulation installation
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.