Summary
HN2 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €295,321 and a net result of €119,909. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 493 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
37 d early
2023
34 d early
2022
32 d early
2021
40 d early
2020
39 d early
2019
31 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 39 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€295,321▼ 3.8%
2024 · €307,131
Net result
€119,909▲ 5.7%
2024 · €113,449
Total assets
€567,384▲ 19.5%
2024 · €474,934
Solvency
52.0%▼ 12.6pp
2024 · 64.7%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€173,156▲ 17.9%€123,191▼ 28.9%€107,799▼ 12.5%€155,215▲ 44.0%€151,898▼ 2.1%
Net result€128,481▲ 14.4%€90,975▼ 29.2%€77,503▼ 14.8%€113,449▲ 46.4%€119,909▲ 5.7%
Equity€172,638▲ 19.8%€263,612▲ 52.7%€229,681▼ 12.9%€307,131▲ 33.7%€295,321▼ 3.8%
Total assets€328,246▼ 21.4%€329,738▲ 0.5%€494,107▲ 49.8%€474,934▼ 3.9%€567,384▲ 19.5%
Debt€155,608▼ 43.1%€66,126▼ 57.5%€264,426▲ 300%€167,803▼ 36.5%€272,063▲ 62.1%
Working capital€184,059▲ 18.6%€224,524▲ 22.0%€217,304▼ 3.2%€275,770▲ 26.9%€231,160▼ 16.2%
Solvency52.6%▲ 18.1pp79.9%▲ 27.4pp46.5%▼ 33.5pp64.7%▲ 18.2pp52.0%▼ 12.6pp
Staff (FTE)1.8▲ 5.9%2▲ 11.1%2=2.2▲ 10.0%2.8▲ 27.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567,384
Fixed assets
€132,313 ▲ 21.4%
Current assets
€435,071 ▲ 18.9%
Equity and liabilities €567,384
Equity
€295,321 ▼ 3.8%
Debt
€272,063 ▲ 62.1%
Debt's share of the balance-sheet total rises from 35.3% to 48.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
40.6%▲
2024 · 36.9%
ROA
21.1%▼
2024 · 23.9%
Debt ≤ 1 year
€203,911▲
2024 · €90,176
Debt > 1 year
€34,416▼
2024 · €44,765
Income taxes
€35,690▼
2024 · €44,383
Staff costs
€180,271▲
2024 · €145,344
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €19,430 | €8,627 | - | €51,945 | - |
| Remuneration, social security and pensions62 | €84,949 | €93,735 | €104,464 | €145,344 | €180,271 | ▲ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,240 | €15,340 | €11,681 | €27,450 | €21,627 | ▼ 21.2% |
| Other operating charges640/8 | €425 | €410 | €722 | €387 | €527 | ▲ 35.9% |
| Gross operating margin9900 | €268,769 | €232,675 | €224,666 | €328,395 | €354,323 | ▲ 7.9% |
| Operating profit (loss)9901 | €173,156 | €123,191 | €107,799 | €155,215 | €151,898 | ▼ 2.1% |
| Financial income75/76B | - | €953 | €3,345 | €6,286 | €6,692 | ▲ 6.4% |
| Recurring financial income75 | - | €953 | €3,345 | €6,286 | €6,692 | ▲ 6.4% |
| Financial charges65/66B | €53 | €86 | €2,285 | €3,669 | €2,991 | ▼ 18.5% |
| Recurring financial charges65 | €53 | €86 | €2,285 | €3,669 | €2,991 | ▼ 18.5% |
| Profit (loss) for the period before taxes9903 | €173,104 | €124,058 | €108,860 | €157,832 | €155,599 | ▼ 1.4% |
| Income taxes67/77 | €44,623 | €33,084 | €31,357 | €44,383 | €35,690 | ▼ 19.6% |
| Profit (loss) for the period9904 | €128,481 | €90,975 | €77,503 | €113,449 | €119,909 | ▲ 5.7% |
| Profit (loss) for the period to be appropriated9905 | €128,481 | €90,975 | €77,503 | €113,449 | €119,909 | ▲ 5.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €328,246 | €329,738 | €494,107 | €474,934 | €567,384 | ▲ 19.5% |
| Fixed assets21/28 | €24,849 | €77,430 | €117,083 | €108,988 | €132,313 | ▲ 21.4% |
| Tangible fixed assets22/27 | €24,486 | €77,067 | €116,720 | €108,625 | €131,950 | ▲ 21.5% |
| Furniture and vehicles24 | €7,570 | €56,373 | €98,731 | €93,964 | €115,062 | ▲ 22.5% |
| Other tangible fixed assets26 | €16,916 | €20,694 | €17,988 | €14,661 | €16,888 | ▲ 15.2% |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €303,397 | €252,308 | €377,025 | €365,946 | €435,071 | ▲ 18.9% |
| Amounts receivable after more than one year29 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Other amounts receivable291 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts receivable within one year40/41 | €15,477 | €23,624 | €111,606 | €122,808 | €138,187 | ▲ 12.5% |
| Trade receivables40 | €100 | €100 | - | - | - | - |
| Other amounts receivable41 | €15,377 | €23,524 | €111,606 | €122,808 | €138,187 | ▲ 12.5% |
| Current investments50/53 | - | - | €100,000 | - | - | - |
| Cash at bank and in hand54/58 | €171,518 | €110,874 | €45,781 | €117,078 | €171,207 | ▲ 46.2% |
| Deferred charges and accrued income490/1 | €66,402 | €67,810 | €69,638 | €76,060 | €75,677 | ▼ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €328,246 | €329,738 | €494,107 | €474,934 | €567,384 | ▲ 19.5% |
| Equity10/15 | €172,638 | €263,612 | €229,681 | €307,131 | €295,321 | ▼ 3.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €154,038 | €245,012 | €211,081 | €288,531 | €156,812 | ▼ 45.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €152,178 | €243,152 | €209,221 | €286,671 | €154,952 | ▼ 45.9% |
| Profit (loss) carried forward14 | - | - | - | - | €119,909 | - |
| Amounts payable17/49 | €155,608 | €66,126 | €264,426 | €167,803 | €272,063 | ▲ 62.1% |
| Amounts payable after more than one year17 | - | - | €71,577 | €44,765 | €34,416 | ▼ 23.1% |
| Financial debts170/4 | - | - | €71,577 | €44,765 | €34,416 | ▼ 23.1% |
| Amounts payable within one year42/48 | €119,339 | €27,784 | €159,720 | €90,176 | €203,911 | ▲ 126% |
| Current portion of amounts payable after more than one year42 | - | - | €25,725 | €26,812 | €31,120 | ▲ 16.1% |
| Trade debts44 | €8,250 | €13,356 | €7,541 | €4,623 | €10,098 | ▲ 118% |
| Suppliers440/4 | €8,250 | €13,356 | €7,541 | €4,623 | €10,098 | ▲ 118% |
| Taxes, remuneration and social security45 | €40,257 | €11,875 | €20,190 | €29,227 | €38,089 | ▲ 30.3% |
| Taxes450/3 | €30,000 | - | €6,847 | €10,800 | €8,562 | ▼ 20.7% |
| Remuneration and social security454/9 | €10,257 | €11,875 | €13,343 | €18,427 | €29,528 | ▲ 60.2% |
| Other amounts payable47/48 | €70,831 | €2,553 | €106,265 | €29,514 | €124,604 | ▲ 322% |
| Accrued charges and deferred income492/3 | €36,269 | €38,342 | €33,128 | €32,862 | €33,736 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128,481 | €90,975 | €77,503 | €113,449 | €119,909 | ▲ 5.7% |
| + Depreciation and write-downs630 | €10,240 | €15,340 | €11,681 | €27,450 | €21,627 | ▼ 21.2% |
| Operating cash flow (approximation) | €138,721 | €106,314 | €89,184 | €140,899 | €141,536 | ▲ 0.5% |
| Investment in fixed assets (approximation) | - | -€67,921 | -€51,334 | -€19,355 | -€44,953 | ▼ 132% |
| Change in cash | - | -€60,644 | -€65,093 | €71,297 | €54,129 | ▼ 24.1% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €77,503 ▼14.8%
Net result drops to €77,503, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 9.08
Current ratio from 2.54 to 9.08; short-term debt falls from €119,339 to €27,784.
31-12
Financial
Equity above €200,000Eq €263,612 ▲52.7%
5 profitable years in a row build equity to €263,612.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €128,481 ▲14.4%
Operating result €173,156, net result €128,481, both a record.
31-12
Financial
Equity above €150,000Eq €172,638 ▲19.8%
4 profitable years in a row build equity to €172,638.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €200,000Eq €261,069 ▲31.9%
2 profitable years in a row build equity to €261,069.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Neupré · 2 establishment units since 2003
Ground area
3,090 m²
Building footprint
323 m²
Volume, LiDAR
1,988 m³
3 parcels, Wallonia · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
HN2
since 20032.214.565.923
HN2
since 20172.267.583.846
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62090A0270/00L000 | Wallonia | 2,443 m² | 1 · 173 m² | 14.2 m · 2 fl. |
| 62090A0118/00S000 | Wallonia | 544 m² | 1 · 94 m² | 8.1 m · 2 fl. |
| 62354C0025/00S014 | Wallonia | 103 m² | 1 · 56 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,220. 2,750 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
Founded04-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862010888
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.