H2OKEYN
ActiveSummary
H2OKEYN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115,359 and a net result of €17,833. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 1958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+2
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.61 in 2024; short-term debt: 26.4% and cash: 41.6% of total assets), and 26.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
73.6%
Return on assets
11.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-11-2025, 68 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
68 d early
2024
65 d early
2023
5 d early
2022
21 d early
2021
61 d early
2020
72 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 1 December (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€115,359▲ 8.2%
2024 · €106,617
Total assets
€156,639▲ 22.9%
2024 · €127,486
Net result
€17,833▲ 15.9%
2024 · €15,382
Working capital
€70,413▲ 110%
2024 · €33,596
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,111▲ 100%€21,994▼ 24.4%€27,498▲ 25.0%€49,748▲ 80.9%€59,523▲ 19.7%
Net result€20,023within the sector's middle half▲ 112%€15,109within the sector's middle half▼ 24.5%€19,251within the sector's middle half▲ 27.4%€15,382within the sector's middle half▼ 20.1%€17,833within the sector's middle half▲ 15.9%
Equity€57,709within the sector's middle half▲ 53.1%€72,818within the sector's middle half▲ 26.2%€92,069within the sector's middle half▲ 26.4%€106,617within the sector's middle half▲ 15.8%€115,359within the sector's middle half▲ 8.2%
Total assets€71,164within the sector's middle half▲ 49.1%€78,126within the sector's middle half▲ 9.8%€96,405within the sector's middle half▲ 23.4%€127,486within the sector's middle half▲ 32.2%€156,639within the sector's middle half▲ 22.9%
Debt€13,455▲ 34.1%€5,309▼ 60.5%€4,336▼ 18.3%€20,868▲ 381%€41,279▲ 97.8%
Working capital€53,672within the sector's middle half▲ 61.6%€69,386within the sector's middle half▲ 29.3%€64,468within the sector's middle half▼ 7.1%€33,596within the sector's middle half▼ 47.9%€70,413within the sector's middle half▲ 110%
Solvency81.1%above the sector's middle half▲ 2.1pp93.2%above the sector's middle half▲ 12.1pp95.5%above the sector's middle half▲ 2.3pp83.6%above the sector's middle half▼ 11.9pp73.6%within the sector's middle half▼ 10.0pp
Current ratio4.99above the sector's middle half▲ 0.6814.07above the sector's middle half▲ 9.0815.87above the sector's middle half▲ 1.802.61within the sector's middle half▼ 13.262.71within the sector's middle half▲ 0.10
Return on assets (ROA)28.1%above the sector's middle half▲ 8.3pp19.3%within the sector's middle half▼ 8.8pp20.0%within the sector's middle half▲ 0.6pp12.1%within the sector's middle half▼ 7.9pp11.4%within the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156,639
Fixed assets
€44,946 ▼ 38.4%
Current assets
€111,692 ▲ 105%
Equity and liabilities €156,639
Equity
€115,359 ▲ 8.2%
Debt
€41,279 ▲ 97.8%
Debt's share of the balance-sheet total rises from 16.4% to 26.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€79,717▲
2024 · €56,256
Cash flow
€38,026▲
2024 · €21,890
Debt to equity
0.36▲
2024 · 0.20
ROE
15.5%▲
2024 · 14.4%
Interest coverage
2.36▲
2024 · 2.05
Debt ≤ 1 year
€41,279▲
2024 · €20,868
Income taxes
€7,872▲
2024 · €6,895
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,010 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,084 | €1,331 | €5,096 | €6,509 | €20,194 | ▲ 210% |
| Other operating charges640/8 | - | - | - | €378 | - | - |
| Gross operating margin9900 | €32,205 | €25,335 | €32,595 | €56,634 | €79,717 | ▲ 40.8% |
| Operating profit (loss)9901 | €29,111 | €21,994 | €27,498 | €49,748 | €59,523 | ▲ 19.7% |
| Financial charges65/66B | - | €239 | €80 | €27,471 | €33,819 | ▲ 23.1% |
| Recurring financial charges65 | €341 | €239 | €80 | €27,471 | €33,819 | ▲ 23.1% |
| Profit (loss) for the period before taxes9903 | €28,770 | €21,755 | €27,418 | €22,277 | €25,705 | ▲ 15.4% |
| Income taxes67/77 | €8,747 | €6,647 | €8,167 | €6,895 | €7,872 | ▲ 14.2% |
| Profit (loss) for the period9904 | €20,023 | €15,109 | €19,251 | €15,382 | €17,833 | ▲ 15.9% |
| Profit (loss) for the period to be appropriated9905 | €20,023 | €15,109 | €19,251 | €15,382 | €17,833 | ▲ 15.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,164 | €78,126 | €96,405 | €127,486 | €156,639 | ▲ 22.9% |
| Fixed assets21/28 | €4,037 | €3,432 | €27,600 | €73,021 | €44,946 | ▼ 38.4% |
| Tangible fixed assets22/27 | €3,707 | €3,102 | €27,270 | €64,427 | €44,616 | ▼ 30.7% |
| Plant, machinery and equipment23 | - | €1,822 | €17,270 | €14,986 | €12,701 | ▼ 15.2% |
| Furniture and vehicles24 | - | €1,280 | €10,000 | €49,441 | €31,915 | ▼ 35.4% |
| Financial fixed assets28 | €330 | €330 | €330 | €8,594 | €330 | ▼ 96.2% |
| Current assets29/58 | €67,127 | €74,694 | €68,805 | €54,464 | €111,692 | ▲ 105% |
| Amounts receivable after more than one year29 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Other amounts receivable291 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Amounts receivable within one year40/41 | €36,566 | €29,163 | €32,912 | €17,932 | €18,635 | ▲ 3.9% |
| Trade receivables40 | - | €29,163 | €32,912 | €17,932 | €18,635 | ▲ 3.9% |
| Cash at bank and in hand54/58 | €21,714 | €36,761 | €27,398 | €27,882 | €65,172 | ▲ 134% |
| Deferred charges and accrued income490/1 | - | €1,770 | €1,495 | €1,651 | €20,885 | ▲ 1,165% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,164 | €78,126 | €96,405 | €127,486 | €156,639 | ▲ 22.9% |
| Equity10/15 | €57,709 | €72,818 | €92,069 | €106,617 | €115,359 | ▲ 8.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €30,974 | €46,083 | €65,334 | €80,715 | €89,457 | ▲ 10.8% |
| Non-distributable reserves130/1 | - | €46,083 | - | - | - | - |
| Reserves not available under the articles1311 | - | €46,083 | - | - | - | - |
| Distributable reserves133 | - | - | €65,334 | €80,715 | €89,457 | ▲ 10.8% |
| Profit (loss) carried forward14 | €20,535 | €20,535 | €20,535 | €19,702 | €19,702 | = |
| Amounts payable17/49 | €13,455 | €5,309 | €4,336 | €20,868 | €41,279 | ▲ 97.8% |
| Amounts payable within one year42/48 | €13,455 | €5,309 | €4,336 | €20,868 | €41,279 | ▲ 97.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,207 | - | - |
| Trade debts44 | €535 | €758 | €348 | €1,297 | €548 | ▼ 57.8% |
| Suppliers440/4 | - | €758 | €348 | €1,297 | €548 | ▼ 57.8% |
| Taxes, remuneration and social security45 | - | €1,953 | €2,972 | €1,650 | €4,787 | ▲ 190% |
| Taxes450/3 | - | €1,953 | €2,972 | €1,650 | €4,787 | ▲ 190% |
| Other amounts payable47/48 | - | €2,597 | €1,016 | €714 | €35,945 | ▲ 4,931% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,023 | €15,109 | €19,251 | €15,382 | €17,833 | ▲ 15.9% |
| + Depreciation and write-downs630 | €1,084 | €1,331 | €5,096 | €6,509 | €20,194 | ▲ 210% |
| Operating cash flow (approximation) | €21,107 | €16,440 | €24,348 | €21,890 | €38,026 | ▲ 73.7% |
| Investment in fixed assets (approximation) | - | -€726 | -€29,265 | -€51,930 | €7,881 | ▲ 115% |
| Change in cash | - | €15,047 | -€9,363 | €484 | €37,290 | ▲ 7,610% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-05
State Gazette act
Appointment: Marine Vierendeels (director)2 facts ▸
State Gazette act
Appointment: Marine Vierendeels (director)
2 facts ▸
- General meeting, 18-02-2026
- Director appointment, Marine Vierendeels (director)
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €100,000Eq €106,617 ▲15.8%
5 profitable years in a row build equity to €106,617.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity triplescurrent ratio 14.07
Current ratio from 4.99 to 14.07; short-term debt falls from €13,455 to €5,309.
2021
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €20,023 ▲112%
Net result €20,023, the highest in the series.
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €9,458
Net result €9,458 after one loss-making year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Marine Vierendeels
CurrentDirector · since 01-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit since 2011
Ground area
940 m²
Building footprint
163 m²
Volume, LiDAR
854 m³
Parcel 22552E0015/00T011, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
H2OKEYN
since 20112.200.110.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0015/00T011 | Flanders | 940 m² | 1 · 163 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Marine Vierendeels |
|
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
984500E54HF4BBF62C37
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Of 2,723 companies in this sector we hold annual accounts for 1,274. 984 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-06-2011
Fiscal year end30-06
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
74120Graphic design and visual communication
82300Organisation of conventions and trade shows
90393Specialised image, lighting and sound technical services
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836927480
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.