Equity
-€30
Debts exceed assets in financial year 2024.
H2Coffee
Lifetime
2 annual accounts with figures on one time axispeak €1,334 (2023)
-€1,776▼ €3,110
lowest -€2,693 (2024)
-€2,693▼ €3,356
peak €2,663 (2023)
-€30▼ €2,693
€1,982▼ 48.8%
Board3 names since 2023
1 directorFRANSEN Olivier
Owners
Documentsfilings and deeds
28-08-202528 days late
2024micro format
Gross margin from €1,334 to -€1,776Loss of €2,693Resignation: Koen Liekens (director) 09-10Equity from €2,663 to -€30Debts from €3,870 to €1,982Cash from €5,440 to €349
Key points
from the 2024 annual accountsStarting capital
€2,000 2,000 shares
Position in the sector
-1.5%
Lower solvency than 80% of companies in wholesale trade. Sector median 39.4% · 15,426 companies.
2025 accounts not filed, 103 days past the deadlineTurnover not published (micro format)
Checked score
46
Fair
Financially stronger than 12% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.3 percentage points vs 07-2025
09-2025: 1.8%▲ +0.9 percentage points vs 08-2025
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.7%▼ -0.1 percentage points vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.6%▼ -0.1 percentage points vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 2.3%▲ +0.6 percentage points vs 07-2026
09-2026: 2.7%▲ +0.4 percentage points vs 08-2026
10-2026: 4.4%▲ +1.7 percentage points vs 09-2026highest value
11-2026: 4.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 28-08-2025)
Founded in 2023
1 financial year not filed after the legal deadline; last filed accounts filed 28 days late
lowers risk
Size: total assets €1,952
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 16% of them on solvency, 21% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as H2Coffee has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of H2Coffee itself: 4.4% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for H2Coffee. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€30
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 2 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
raises risk · 2024 accounts filed 28 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
28 days late
2023
48 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 10 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Magnus Magnusson 100%score 66equity €39,110 (2025) · 2025 annual accounts of Magnus Magnusson
Recent changes
New director
Bart Verschueren appointed, Olivier Fransen resigned · General meeting of 17-06-2025 · Gazette deed
Resignation: Koen Liekens (director)
Director discharge: Koen Liekens · General meeting of 04-06-2024 · Gazette deed
Incorporation
Founding capital of €2,000, 2,000 shares · Founders: FRANSEN Olivier and LIEKENS Koen · Appointments: FRANSEN Olivier (director) and LIEKENS Koen (director) · published on 07-08-2023 · Gazette deed
First establishment
Verbrande Hoevestraat 1, Kontich
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| H2Coffee Kontich | €1,952 | -€1,776 | -1.5% | - |
| Cross Over International Forest | €2,680 | -€892 | -31.0% | - |
| C&S PAUWELS Wortegem-Petegem | €2,323 | -€181 | 10.6% | - |
| Quality Catch Wortegem-Petegem | €2,864 | -€4,782 | 11.7% | 0 |
| AADHYA Aarschot | €3,148 | -€11,204 | -678.0% | - |
| Van-Ans Concepts Kuurne | €4,142 | -€10,331 | -203.9% | - |
| BONNY BERGER BELVEBIERE Seraing | €2,055 | -€5,118 | -452.9% | - |
These companies have the same main activity as H2Coffee: agents in the wholesale of food, beverages and tobacco (NACE 46170). They are comparable in size and age: total assets between €2,060 and €4,140, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 03-08-2023Normal situation
- Activity
- Agents in the wholesale of food, beverages and tobaccoNACE 46170and 3 others
- Establishment unit
- 2.348.025.7482550 Kontich, since 03-08-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on H2Coffee
The computed 12-month bankruptcy probability of H2Coffee is 4.4% (elevated). The 2024 annual accounts show negative equity (-€30) and a net result of -€2,693.
Its solvency ranks better than 20% of 15,426 sector peers (NACE 46, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about H2Coffee
- What is the company number of H2Coffee?
- The company number of H2Coffee is 0804.539.576. The VAT number is the same number with BE in front: BE 0804.539.576.
- Where is H2Coffee based?
- The registered office is at Verbrande Hoevestraat 1, 2550 Kontich.Company details
- What does H2Coffee do?
- According to the KBO register, the main activity is agents in the wholesale of food, beverages and tobacco (NACE 46170).
- What is the legal form of H2Coffee?
- H2Coffee is a private limited company (BV).
- When was H2Coffee founded?
- H2Coffee was founded on 03-08-2023.
- Is H2Coffee still active?
- Yes, H2Coffee is an active enterprise in the KBO register.
- What is the turnover of H2Coffee?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is H2Coffee profitable?
- In financial year 2024, H2Coffee made a loss of €2,693.
- Where can I find the annual accounts of H2Coffee?
- H2Coffee filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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