Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
H2WIN from Nivelles, company number BE0542960864, closed financial year 2025 with a result of € -594,926 after tax. For that financial year H2WIN recorded a gross margin of € 680,411 and equity of € 6.2 million. Compared with financial year 2024, the result moved from € -786,359 to € -594,926. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 6.2 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -594,926
▲ 24 % less loss than in 2024
Profit after tax over the fiscal year.
€ 539,293
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.8 million.
People and assets in 2025
4.6
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 845,605
▲ 62% vs 2024
€ 183,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,881
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 34,681
Loans from banks and other lenders, long and short.
€ 148,473
▲ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 148,118
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 51,068 | € 314,648 | € 397,939 | € 680,411 | ▲ 71% |
| Profit after taxes | € -515,556 | € -362,848 | € -786,359 | € -594,926 | ▲ € 191,433 |
| Equity | € 5,903,982 | € 5,839,381 | € 5,130,117 | € 6,194,521 | ▲ 21% |
| Total debts | € 372,281 | € 577,324 | € 1,279,018 | € 1,162,946 | ▼ 9% |
| Cash | € 665,389 | € 675,058 | € 585,932 | € 539,293 | ▼ 8% |
| Retained profit | € -1,090,232 | € -1,453,080 | € -2,239,439 | € -2,834,365 | ▼ € 594,926 |
| Bank debt | € 5,507 | € 22,931 | € 34,681 | € 34,681 | |
| Balance sheet total | € 6,276,264 | € 6,416,704 | € 6,409,135 | € 7,357,467 | ▲ 15% |
| Employees (FTE) | 1 | 1.4 | 2 | 4.6 | ▲ 2.6 |
Key figures of H2WIN, 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 H2WIN?
What happened at H2WIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Harald Swenden stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 594,926. Source: NBB ↗
- HASCO S.A. stepped down as director. NBB
- Marco Solvi stepped down as director. NBB
- Bertrand Velge stepped down as director. NBB
- BIO SOLUTION SRL stepped down as director. NBB
- Edouard de Burlet stepped down as director. NBB
- K & E SRL stepped down as director. NBB
In short
From € 515,556 loss in 2022 to € 594,926 loss in 2025.
On average € 147,900 of value added per employee in 2025.
A new publication or filing at H2WIN? We notify you, reason included.
Follow H2WINDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Hasco, ADAMAS INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H2WINThe shares are held by Hasco (3.2%) and ADAMAS INTERNATIONAL.
Directors
According to the 2025 annual accounts
Director · represented by Edey Dennis
Also active at: Hasco Solar Invest, Climagroup Holding, Vestra Real Estate Group, Ship Handling Terminal Meerhout, Green and Durable Group, Multi Logistics Group, Comfort Energy Group
since 2022 · until 2026
Marco Solvi
Director
since 2021 · until 2026
Bertrand Velge
Director
since 2022 · until 2026
Director · represented by Philippe Lorge
since 2019 · until 2026
Edouard de Burlet
Director
since 2019 · until 2026
Director · represented by Quaghebeur Koen
Also active at: GLOBACHEM, Q-Terra, Glob-Agro, Re-Vive Brownfield Fund II, Q-CHEM
since 2022 · until 2026
Harald Swenden
Director
since 2023 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Gendarme 4
1400 Nivelles
Av. de la Faculté-d'Agronomie 41/13
5030 Gembloux
Active since 1 February 2026
Chemin de la Vallée 4
4000 Liège
Active since 1 January 2025
Triomflaan 2
1050 Elsene
Active since 1 April 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0542.960.864
- VAT number
- BE 0542.960.864
- Registered office
- Rue du Gendarme 4, 1400 Nivelles
- Names & denominations
- H2WIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 2013
- Peppol
- Active · Active since 10 Sept 2025
- Activities · NACE
Speur- en ontwikkelingswerk op biotechnologisch gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied