H2X
ActiveSummary
For H2X, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €3.1m and a net result of €1.4m. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 935 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability100▲+16
Solvency100▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more 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
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 332 days later.
NBB · 10 filingsPosition against the passed deadline
31-03-2025 close31-10-2025 deadline28-09-2026 today
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 09-12-2024, 39 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
39 d late
2023
1 d early
2022
38 d early
2021
12 d early
2020
25 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#7 company by equity in Turnhout, Transport and storage sector
Equity
€3.1m▲ 82.1%
2023 · €1.7m
Total assets
€4.0m▲ 50.1%
2023 · €2.7m
Net result
€1.4m▲ 319%
2023 · €334,131
Working capital
€2.0m▲ 345%
2023 · €448,939
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€100,481€82,145▼ 18.2%€113,138▲ 37.7%€192,614▲ 70.2%€204,253▲ 6.0%
Net result€136,617above the sector's middle half▼ 7.1%€302,324above the sector's middle half▲ 121%€175,231within the sector's middle half▼ 42.0%€334,131above the sector's middle half▲ 90.7%€1.4mabove the sector's middle half▲ 319%
Equity€894,538above the sector's middle half▲ 18.0%€1.2mabove the sector's middle half▲ 33.8%€1.4mabove the sector's middle half▲ 14.6%€1.7mabove the sector's middle half▲ 24.4%€3.1mabove the sector's middle half▲ 82.1%
Total assets€1.9mabove the sector's middle half▲ 0.9%€2.4mabove the sector's middle half▲ 25.5%€2.4mwithin the sector's middle half▲ 2.3%€2.7mwithin the sector's middle half▲ 9.7%€4.0mabove the sector's middle half▲ 50.1%
Debt€989,928▼ 10.9%€1.2m▲ 18.1%€1.0m▼ 10.4%€947,256▼ 9.5%€875,282▼ 7.6%
Working capital-€732,785▲ 14.7%€82,971€163,695▲ 97.3%€448,939▲ 174%€2.0m▲ 345%
Solvency47.5%within the sector's middle half▲ 6.9pp50.6%within the sector's middle half▲ 3.1pp56.7%within the sector's middle half▲ 6.1pp64.3%above the sector's middle half▲ 7.6pp78.0%above the sector's middle half▲ 13.7pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 6% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.0m
Fixed assets
€1.9m ▼ 10.5%
Current assets
€2.1m ▲ 275%
Equity and liabilities €4.0m
Equity
€3.1m ▲ 82.1%
Debt
€875,282 ▼ 7.6%
Debt's share of the balance-sheet total falls from 35.7% to 22.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€214,879▼
2023 · €216,262
Cash flow
€1.4m▲
2023 · €357,778
Current ratio
18.93▲
2023 · 4.93
Debt to equity
0.28▼
2023 · 0.56
ROE
45.1%▲
2023 · 19.6%
ROA
35.2%▲
2023 · 12.6%
Interest coverage
15.91▼
2023 · 22.29
Debt ≤ 1 year
€111,566▼
2023 · €114,162
Debt > 1 year
€763,716▼
2023 · €833,094
Income taxes
€75,654▲
2023 · €49,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,022 | €22,706 | €23,648 | €23,648 | €10,626 | ▼ 55.1% |
| Other operating charges640/8 | - | - | €4,213 | €5,335 | €5,602 | ▲ 5.0% |
| Gross operating margin9900 | €121,087 | €122,145 | €140,999 | €221,596 | €220,481 | ▼ 0.5% |
| Operating profit (loss)9901 | €100,481 | €82,145 | €113,138 | €192,614 | €204,253 | ▲ 6.0% |
| Financial income75/76B | - | - | €100,000 | €200,500 | €1.3m | ▲ 541% |
| Recurring financial income75 | €75,178 | €250,000 | €100,000 | €200,500 | €207,145 | ▲ 3.3% |
| Non-recurring financial income76B | - | - | - | - | €1.1m | - |
| Financial charges65/66B | - | - | €8,790 | €9,702 | €13,504 | ▲ 39.2% |
| Recurring financial charges65 | €9,559 | €9,684 | €8,790 | €9,702 | €13,504 | ▲ 39.2% |
| Profit (loss) for the period before taxes9903 | €166,100 | €322,461 | €204,348 | €383,411 | €1.5m | ▲ 285% |
| Income taxes67/77 | €29,484 | €20,137 | €29,117 | €49,281 | €75,654 | ▲ 53.5% |
| Profit (loss) for the period9904 | €136,617 | €302,324 | €175,231 | €334,131 | €1.4m | ▲ 319% |
| Profit (loss) for the period to be appropriated9905 | €136,617 | €302,324 | €175,231 | €334,131 | €1.4m | ▲ 319% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.4m | €2.4m | €2.7m | €4.0m | ▲ 50.1% |
| Fixed assets21/28 | €1.8m | €2.1m | €2.1m | €2.1m | €1.9m | ▼ 10.5% |
| Tangible fixed assets22/27 | €1.1m | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 0.8% |
| Land and buildings22 | - | - | €1.3m | €1.3m | €1.3m | ▼ 0.8% |
| Leasing and similar rights25 | - | - | €13,022 | €0 | - | - |
| Financial fixed assets28 | €759,230 | €759,230 | €759,230 | €759,230 | €550,000 | ▼ 27.6% |
| Current assets29/58 | €63,795 | €227,819 | €305,245 | €563,100 | €2.1m | ▲ 275% |
| Amounts receivable after more than one year29 | - | - | - | - | €250,000 | - |
| Other amounts receivable291 | - | - | - | - | €250,000 | - |
| Amounts receivable within one year40/41 | €34,236 | €33,049 | €30,050 | €53,935 | €1.0m | ▲ 1,773% |
| Trade receivables40 | - | - | €26,823 | €41,233 | €45,123 | ▲ 9.4% |
| Other amounts receivable41 | - | - | €3,227 | €12,702 | €965,127 | ▲ 7,498% |
| Current investments50/53 | - | - | - | €250,000 | €500,000 | ▲ 100% |
| Cash at bank and in hand54/58 | €29,559 | €193,979 | €275,195 | €257,445 | €350,125 | ▲ 36.0% |
| Deferred charges and accrued income490/1 | - | - | €0 | €1,720 | €1,118 | ▼ 35.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.4m | €2.4m | €2.7m | €4.0m | ▲ 50.1% |
| Equity10/15 | €894,538 | €1.2m | €1.4m | €1.7m | €3.1m | ▲ 82.1% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €874,538 | €1.2m | €1.4m | €1.7m | €3.1m | ▲ 83.1% |
| Non-distributable reserves130/1 | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | €1.4m | €1.7m | €3.1m | ▲ 83.2% |
| Amounts payable17/49 | €989,928 | €1.2m | €1.0m | €947,256 | €875,282 | ▼ 7.6% |
| Amounts payable after more than one year17 | €193,347 | €1.0m | €905,629 | €833,094 | €763,716 | ▼ 8.3% |
| Financial debts170/4 | - | - | €870,629 | €798,094 | €728,716 | ▼ 8.7% |
| Other amounts payable178/9 | - | - | €35,000 | €35,000 | €35,000 | = |
| Amounts payable within one year42/48 | €796,581 | €144,848 | €141,550 | €114,162 | €111,566 | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | €118,155 | €72,535 | €68,857 | ▼ 5.1% |
| Trade debts44 | €1,531 | €2,693 | €3,003 | €4,000 | €755 | ▼ 81.1% |
| Suppliers440/4 | - | - | €3,003 | €4,000 | €755 | ▼ 81.1% |
| Taxes, remuneration and social security45 | - | - | €20,392 | €37,627 | €41,955 | ▲ 11.5% |
| Taxes450/3 | - | - | €20,392 | €37,627 | €41,955 | ▲ 11.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €136,617 | €302,324 | €175,231 | €334,131 | €1.4m | ▲ 319% |
| + Depreciation and write-downs630 | €13,022 | €22,706 | €23,648 | €23,648 | €10,626 | ▼ 55.1% |
| Operating cash flow (approximation) | €149,638 | €325,030 | €198,879 | €357,778 | €1.4m | ▲ 294% |
| Investment in fixed assets (approximation) | - | -€339,710 | €0 | €0 | €209,230 | - |
| Change in cash | - | €164,420 | €81,216 | -€17,750 | €92,680 | ▲ 622% |
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
2026
07-09
State Gazette act
Resignation: Sandra Wellens (non-statutory director)Registered-office move3 facts ▸
State Gazette act
Resignation: Sandra Wellens (non-statutory director)
Registered-office move3 facts ▸
- General meeting, 26-08-2026
- Director resignation, Sandra Wellens (non-statutory director)
- Registered-office move, Industriedijk 22, 2300 Turnhout
2024
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 39 days late
31-03
Financial
Highest result since 2019net €1.4m ▲319%
Operating result €204,253, net result €1.4m, both a record.
31-03
Financial
Liquidity quadruplescurrent ratio 18.93
Current ratio from 4.93 to 18.93; short-term debt falls from €114,162 to €111,566.
31-03
Financial
Equity above €2mEq €3.1m ▲82.1%
6 profitable years in a row build equity to €3.1m.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 4.93
Current ratio from 2.16 to 4.93; short-term debt falls from €141,550 to €114,162.
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity times 20current ratio 1.57
Current ratio from 0.08 to 1.57; short-term debt falls from €796,581 to €144,848.
31-03
Financial
Equity above €1mEq €1.2m ▲33.8%
3 profitable years in a row build equity to €1.2m.
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
31-03
Financial
Weakest financial yearnet €136,617 ▼7.1%
Net result drops to €136,617, the lowest in the series; recovery starts the following year.
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
06-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 6 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
2 of this company's 3 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, Turnhout · 1 establishment unit since 2006
Ground area
1.5 ha
Building footprint
1.8 ha
Volume, LiDAR
2,495 m³
2 parcels, Flanders · tallest building 30.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
H2X
since 20062.156.024.443
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0801/00B000 | Flanders | 1.5 ha | 1 · 1.8 ha | 30.3 m |
| 13454P0162/00B003 | Flanders | 183 m² | 1 · 123 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sandra Wellens |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2024 list no shareholders, and no other source names one.
Holdings 1
-
40%
According to the annual accounts to 31-03-2024 of H2X and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
BELTREX CORPORATE
BE 0454.917.528
Antwerpen · Eq €3,147,918
F.V.G. SERVICES
BE 0876.451.220
Hechtel-Eksel · Eq €3,026,093
SEAPORT SHIPPING AND TRADING
BE 0421.229.230
Brugge · Eq €3,193,651
De Vreese Invest
BE 0461.316.756
Ronse · Eq €3,210,606
SEABOW
BE 0471.000.227
Antwerpen · Eq €3,000,250
Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 873 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-08-2006
Fiscal year end31-03
Activities, NACEBEL 2025
52250Logistics services
77120Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883066323
Registered
02-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.