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H2D

Active
Private limited companyfounded 2022active for 4 yearsBosstraat 46, 3560 Lummen, BelgiumKBO/BCE: BE 0785.614.975
Summary

The computed 12-month bankruptcy probability of H2D is 2.1% (moderate). The annual accounts of H2D for financial year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €31,089 and a net result of -€47,118. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 9% of 9,591 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Specialised construction activities
NACE 43130
1 site
Size
€788,925total assets 2025
Staff
1.2 FTE
Equity
€31,089
Loss
-€47,118
Turnover not published (abbreviated format)
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.1%
Structure
Accounts 39 days early0 of 2 deeds read
Why 51raises riskEquity €31,089 (3.9% of total assets)Founded in 2022Sector: Specialised construction activities (NACE 43)lowers riskSize: 1.2 FTE, total assets €788,925Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 13% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency 29-4
equity 3.9% of total assets
Liquidity 19-15
short-term debt 62.7% · cash 1.7%
Profitability 53-22
return on assets -6.0%
Bankruptcy probability, 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,532 companies, NACE 43, micro)
Last 24 months 11-2024: 2.8%highest value 12-2024: 2.7%▼ -0.1 percentage points vs 11-2024 01-2025: 2.5%▼ -0.2 percentage points vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.4%▼ -0.1 percentage points vs 02-2025 04-2025: 2.5%▲ +0.1 percentage points vs 03-2025 05-2025: 2.5%● unchanged vs 04-2025 06-2025: 2.8%▲ +0.3 percentage points vs 05-2025 07-2025: 1.4%▼ -1.4 percentage points vs 06-2025 08-2025: 1.4%● unchanged vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.2%▼ -0.2 percentage points vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026lowest value 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.4%▲ +0.2 percentage points vs 05-2026 07-2026: 1.6%▲ +0.2 percentage points vs 06-2026 08-2026: 1.7%▲ +0.1 percentage points vs 07-2026 09-2026: 1.9%▲ +0.2 percentage points vs 08-2026 10-2026: 2.1%▲ +0.2 percentage points vs 09-2026
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.68, compared with 0.76 in 2024; short-term debt: 62.7% and cash: 1.7% of total assets), and 96.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 10% on solvency, 11% on liquidity, 25% on profitability and 7% on growth.

The bankruptcy probability was computed on 08-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Equity €31,089 (3.9% of total assets)
NBB · annual accounts
raises risk · Founded in 2022
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Size: 1.2 FTE, total assets €788,925
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 9591 sector peers (2025).
NBB · sector comparison
Position among 9591 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
39 days early
2024
38 days early
2023
34 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 37 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Back to profitnet €46,338

Key points

  • Caution: From profit to loss in 2025after €46,338 in 2024 -€47,118 View
  • Caution: Among the weakest 7% on net resultsector median €27,714 · 9,584 companies -€47,118 View
  • Total assets 20253 financial years filed €788,925 View

By topic

Financials

Financial year
2025
Total assets
€788,925
Loss
-€47,118
Solvency
3.9%
Total assets▼ 21.5%
Net result
20232025
Go to Financials

Timeline

Events
4
Since
2024
Next accounts
by 31-07-2027
  1. 27-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Specialised construction activitiesNACE 43130
Founded
02-05-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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