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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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
N2D2 from Esneux, company number BE0474783821, closed financial year 2025 with a result of € 7,785 after tax. For that financial year N2D2 recorded a gross margin of € 12,147 and equity of € 762,798. Compared with financial year 2024, the result moved from € 31,984 to € 7,785. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 17, 2025.
€ 762,798
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,785
▼ 76% vs 2024
Profit after tax over the fiscal year.
€ 25,077
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 7,785 paid out
100 % of the profit went to the shareholders, mostly to MERYMMO (70 % of the shares). That is where the money ends up.
People and assets in 2025
€ 1,402
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 106,667
Loans from banks and other lenders, long and short.
€ 7,651
▲ 154% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,345
▼ 70% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 110,116 | € 42,127 | € 47,774 | € 12,147 | ▼ 75% |
| Profit after taxes | € -1,556,159 | € 28,449 | € 31,984 | € 7,785 | ▼ 76% |
| Equity | € 702,364 | € 730,813 | € 762,798 | € 762,798 | |
| Total debts | € 423,087 | € 238,217 | € 182,774 | € 182,013 | |
| Cash | € 4,213 | € 52,515 | € 33,157 | € 25,077 | ▼ 24% |
| Retained profit | € -637,636 | € -609,187 | € -577,202 | € -577,202 | |
| Dividend | € 58,712 | € 0 | € 0 | € 7,785 | |
| Bank debt | € 107,431 | € 106,667 | € 106,667 | € 106,667 | |
| Balance sheet total | € 1,125,450 | € 969,030 | € 945,572 | € 944,811 |
Key figures of N2D2, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to N2D2?
What happened at N2D2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean Duchesne stepped down as director. NBB
- Cedip SA stepped down as director. NBB
- Jean-Marc Secretin stepped down as director. NBB
- Merymmo SA stepped down as director. NBB
- La Compagnie du Poirier SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7,785 (▼ 76% vs 2024). Source: NBB ↗
- Jean Duchesne became a director. NBB
- Cedip SA became a director. NBB
In short
From € 1.6 million loss in 2022 to € 7,785 profit in 2025.
Paid € 61,845 in corporate taxes since 2022.
Best year ever: 2024, with € 31,984 profit.
Paid out € 66,497 in dividends to the owners in total.
Management
The stake of MERYMMO, LA COMPAGNIE DU POIRIER, MERYTHERM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
N2D2The shares are held by MERYMMO (70%), LA COMPAGNIE DU POIRIER (10.9%) and MERYTHERM (7.4%). It owns 100% of Merytherm SA and 100% of Val Notre Dame Hydro itself.
Directors
According to the 2025 annual accounts
Jean Duchesne
Director
since 2023 · until 2029
since 2023 · until 2029
Jean-Marc Secretin
Director
since 2023 · until 2029
Managing director · represented by Niels Duchesne
since 2023 · until 2029
Chairman of the board · represented by Tania Duchesne
since 2023 · until 2029
Shareholders
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Rue Hachelette 24
4130 Esneux
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.783.821
- VAT number
- BE 0474.783.821
- Registered office
- Rue Hachelette 24, 4130 Esneux
- Names & denominations
- N2D2
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 2001
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
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