Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
HR²O from Kruisem, company number BE0687719409, closed financial year 2024 with a result of € 12,780 after tax. For that financial year HR²O recorded a gross margin of € 110,791 and equity of € -117,509. Compared with financial year 2023, the result moved from € -48,745 to € 12,780. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2025.
€ -117,509
▲ € 12,780 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 12,780
▲ still € 48,745 loss in 2023
Profit after tax over the fiscal year.
€ 9,339
▼ 62% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -136,109.
People and assets in 2024
€ 6,809
▼ 15% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 797,530
▼ 9% vs 2023
€ 81,667 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3,614
▼ 28% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 34,479
▲ 26% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 36,536 | € 73,021 | € 45,739 | € 110,791 | ▲ 142% |
| Profit after taxes | € -40,655 | € -7,021 | € -48,745 | € 12,780 | ▲ € 61,525 |
| Equity | € -74,523 | € -81,545 | € -130,289 | € -117,509 | ▲ € 12,780 |
| Total debts | € 1,662,881 | € 1,507,411 | € 1,415,910 | € 1,374,057 | ▼ 3% |
| Cash | € 13,187 | € 66,704 | € 24,330 | € 9,339 | ▼ 62% |
| Land & buildings | € 197,216 | € 188,691 | € 180,166 | € 171,641 | ▼ 5% |
| Retained profit | € -93,123 | € -100,145 | € -148,889 | € -136,109 | ▲ € 12,780 |
| Bank debt | € 1,167,512 | € 960,694 | € 879,027 | € 797,530 | ▼ 9% |
| Balance sheet total | € 1,588,358 | € 1,425,867 | € 1,285,620 | € 1,256,548 | ▼ 2% |
Key figures of HR²O, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to HR²O?
What happened at HR²O in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 12,780. filed late Source: NBB ↗
- New establishment in Kruisem. KBO
- Ronny HAESEVOETS became a director. NBB
- Olivier HAESEVOETS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 40,655 loss in 2021 to € 12,780 profit in 2024.
Paid € 799 in corporate taxes since 2021.
Best year ever: 2024, with € 12,780 profit.
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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
Behind HR²O are Ronny HAESEVOETS and Olivier HAESEVOETS. The same people are also behind HBTQ Antwerp. Ronny HAESEVOETS is also behind JUWELEN HAESEVOETS.
Directors
According to the 2024 annual accounts
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Parochielindestraat(KRU) 14
9770 Kruisem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0687.719.409
- VAT number
- BE 0687.719.409
- Registered office
- Parochielindestraat(KRU) 14, 9770 Kruisem
- Names & denominations
- HR²O
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2018
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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