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 2022 and 2023.
-
Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2023
H² GLASS from Villers-le-Bouillet, company number BE0775279626, closed financial year 2023 with a result of € -1.8 million after tax. For that financial year H² GLASS recorded a gross margin of € -13,781 and equity of € 3.1 million. Compared with financial year 2022, the result moved from € -136,421 to € -1.8 million. 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 July 31, 2024.
€ 3.1 million
▼ 37% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▼ 1253 % more loss than in 2022
Profit after tax over the fiscal year.
€ 214,204
▼ 80% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
People and assets in 2023
10.1
▲ 9.2 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 635,269
▲ € 576,480 vs 2022
€ 62,900 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.
€ 7.2 million
▲ € 7.2 million vs 2022
Of which on lease € 7.1 million.
Debts at end 2023
€ 12.2 million
▲ 252% vs 2022
€ 700,445 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 898,236
▼ 4% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 69,004
▲ 253% vs 2022
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Gross margin | € -18,076 | € -13,781 | ▲ € 4,296 |
| Profit after taxes | € -136,421 | € -1,845,917 | ▼ € 1.7 million |
| Equity | € 4,924,919 | € 3,079,002 | ▼ 37% |
| Total debts | € 4,414,228 | € 13,560,874 | ▲ 207% |
| Cash | € 1,091,246 | € 214,204 | ▼ 80% |
| Land & buildings | - | € 277,851 | |
| Retained profit | € -136,421 | € -1,982,338 | ▼ € 1.8 million |
| Bank debt | € 3,461,543 | € 12,173,206 | ▲ 252% |
| Balance sheet total | € 9,339,146 | € 16,639,876 | ▲ 78% |
| Employees (FTE) | 0.9 | 10.1 | ▲ 9.2 |
Key figures of H² GLASS, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to H² GLASS?
What happened at H² GLASS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
H² GLASS is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- NOSHAQ PARTNERS SRL stepped down as director. NBB
- Thierry GAUTIER stepped down as director. NBB
- SPARAXIS stepped down as director. NBB
- Frédéric LEMAIRE stepped down as director. NBB
- Amandine MONTULET stepped down as director. NBB
- Fabrice MASSIN stepped down as director. NBB
- Nikolaus Jûrgen SERVAIS stepped down as director. NBB
- CEPANE GLASS II SAS stepped down as director. NBB
In short
From € 136,422 loss in 2022 to € 1.8 million loss in 2023.
Paid € 1,682 in corporate taxes since 2022.
Management
The stake of H²INVEST, Wallonie Entreprendre, NOSHAQ VENTURE, SOGELEM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H² GLASSThe shares are held by H²INVEST (26.4%), Wallonie Entreprendre (20.6%), NOSHAQ VENTURE (12.4%) and SOGELEM (2.9%).
Directors
According to the 2023 annual accounts
Director · represented by Frédéric DRIESSENS
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2021 · until 2027
Thierry GAUTIER
Director
since 2021 · until 2027
Director · represented by Stéphanie MONTENAIR
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
since 2021 · until 2027
Frédéric LEMAIRE
Director
Also active at: VERDEYEN EN MOENAERT INGENIEURS CONSEILS - VERDEYEN EN MOENAERT RAADGEVENDE INGENIEURS, ELLYPS, Lemaire ingénieurs, SOGEPY, IMMOHERVE, NEOSKY, ELLYPS GROUP, SOGELEM
since 2021 · until 2027
Fabrice HOUSSONLOGE
Director
since 2021 · until 2027
since 2021 · until 2027
since 2021 · until 2027
since 2021 · until 2027
CEPANE GLASS II SAS
Délégué à la gestion journalière · represented by Thierry GAUTIER
since 2021 · until 2027
Henry-François NEUPREZ
Managing director
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Château d'Eau 18
4530 Villers-le-Bouillet
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
EDPNETAPP, BE
DNS
OVH DNS
Domain
Domain
h2glass.com
Registered
2018-10-06
Registrar
OVH, SAS
Expires
2026-10-06
Website info
Features
Security
Details
- Company number
- 0775.279.626
- VAT number
- BE 0775.279.626
- Registered office
- Rue du Château d'Eau 18, 4530 Villers-le-Bouillet
- Names & denominations
- H² GLASS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 5 October 2021
- Peppol
- Active · Active since 31 Mar 2026
- Contact
- h2glass.com
- Activities · NACE
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