Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
H2H from Sint-Niklaas, company number BE0740479885, closed financial year 2025 with a result of € 888,323 after tax. For that financial year H2H recorded a gross margin of € 1.7 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € -45,585 to € 888,323. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 20, 2026.
€ 2.5 million
▲ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 888,323
▲ still € 45,585 loss in 2024
Profit after tax over the fiscal year.
€ 271,838
▲ 105% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.5 million.
People and assets in 2025
2.8
Average over the fiscal year, from the social balance sheet.
€ 221,933
▼ 15% vs 2024
€ 79,300 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.
Debts at end 2025
€ 10.1 million
▼ 18% vs 2024
€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 68,428
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 439,189
▲ € 394,578 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 279,616 | € 51,514 | € 329,412 | € 1,699,221 | ▲ € 1.4 million |
| Profit after taxes | € 143,115 | € -52,978 | € -45,585 | € 888,323 | ▲ € 933,908 |
| Equity | € 1,688,414 | € 1,635,435 | € 1,589,850 | € 2,478,173 | ▲ 56% |
| Total debts | € 8,172,416 | € 8,312,659 | € 18,185,351 | € 17,431,167 | ▼ 4% |
| Cash | € 208,805 | € 176,312 | € 132,452 | € 271,838 | ▲ 105% |
| Retained profit | € 688,414 | € 635,435 | € 589,850 | € 1,478,173 | ▲ 151% |
| Bank debt | € 6,102,299 | € 3,725,001 | € 12,324,388 | € 10,119,267 | ▼ 18% |
| Balance sheet total | € 9,860,830 | € 9,948,094 | € 19,775,201 | € 19,909,340 | ▲ 1% |
| Employees (FTE) | - | 0 | 2.8 | 2.8 |
Key figures of H2H, 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 H2H?
What happened at H2H in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 888,323. Source: NBB ↗
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 143,115 profit in 2022 to € 888,323 profit in 2025.
Paid € 358,360 in corporate taxes since 2022.
Best year ever: 2025, with € 888,323 profit.
On average € 606,900 of value added per employee in 2025.
A new publication or filing at H2H? We notify you, reason included.
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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
The stake of JBJ, A.M.G., Armanco, RW-MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H2HBehind H2H is Frank Flebus. The shares are held by JBJ (40%), A.M.G. (30%), Armanco (20%) and RW-MANAGEMENT. It owns 100% of Jandaco, 100% of Smartify and 50% of Moving Target itself.
Directors
According to the 2025 annual accounts
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Gentse Baan 66 box 201
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Janssen - Fritsen
€ 9.4 million revenue · 2025
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€ 63 million revenue · 2024
Xpertdoc
€ 1.9 million gross margin · 2025
MicroTechniX
€ 469,481 gross margin · 2025
VMEd' Oude Fruitveiling (deelvereniging), Gentse Baan 66 te 9100 Sint-Niklaas
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0740.479.885
- VAT number
- BE 0740.479.885
- Registered office
- Gentse Baan 66 bus 201, 9100 Sint-Niklaas
- Names & denominations
- H2H
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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