Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
H + RAM from Gent, company number BE0447141096, closed financial year 2025 with a result of € -40,050 after tax. For that financial year H + RAM recorded a gross margin of € -24,922 and equity of € 87,890. Compared with financial year 2024, the result moved from € -46,359 to € -40,050. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 87,890
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -40,050
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,200
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -275,110.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 744
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -29,246 | € -30,889 | € -35,595 | € -24,922 | ▲ € 10,673 |
| Profit after taxes | € -39,154 | € -41,754 | € -46,359 | € -40,050 | ▲ € 6,309 |
| Equity | € 216,052 | € 174,299 | € 127,940 | € 87,890 | ▼ 31% |
| Total debts | € 230,243 | € 243,792 | € 257,080 | € 270,087 | ▲ 5% |
| Cash | € 397 | € 1,262 | € 2,211 | € 2,200 | |
| Land & buildings | € 330,038 | € 330,038 | € 330,038 | € 330,038 | |
| Retained profit | € -146,948 | € -188,701 | € -235,060 | € -275,110 | ▼ € 40,050 |
| Balance sheet total | € 446,295 | € 418,090 | € 385,019 | € 357,978 | ▼ 7% |
Key figures of H + RAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to H + RAM?
What happened at H + RAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Annik Lersch stepped down as director. NBB
- Dirk Bontinck stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 40,050. Source: NBB ↗
- Annik Lersch became a director. NBB
- Dirk Bontinck became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 39,154 loss in 2022 to € 40,050 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Annik Lersch
Director
since 2013 · until 2030
Dirk Bontinck
Managing director
since 2013 · until 2030
Establishments
Establishment units
Physical locations of this company
Pleispark 3
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.141.096
- VAT number
- BE 0447.141.096
- Registered office
- Pleispark 3, 9051 Gent
- Names & denominations
- H + RAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1992
- Peppol
- Not registered