Warning lights
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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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
H² ESTATE from Liège, company number BE0777414616, closed financial year 2025 with a result of € 20,563 after tax. For that financial year H² ESTATE recorded a gross margin of € 359,121 and equity of € 3.6 million. Compared with financial year 2024, the result moved from € 220,460 to € 20,563. The company is profitable. 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 June 3, 2026.
€ 3.6 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,563
▼ 91% vs 2024
Profit after tax over the fiscal year.
€ 42,289
▼ 43% 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 € 68,687.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 5.2 million
▼ 6% vs 2024
€ 350,314 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 72,835
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 49,419
▲ 173% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -53,064 | € 149,545 | € 46,805 | € 359,121 | ▲ € 312,316 |
| Profit after taxes | € -157,277 | € -15,059 | € 220,460 | € 20,563 | ▼ 91% |
| Equity | € 3,342,723 | € 3,327,664 | € 3,548,124 | € 3,568,687 | ▲ 1% |
| Total debts | € 5,732,396 | € 6,891,435 | € 7,060,335 | € 6,121,254 | ▼ 13% |
| Cash | € 768,138 | € 308,836 | € 73,557 | € 42,289 | ▼ 43% |
| Land & buildings | € 1,629,077 | € 1,596,235 | € 0 | € 9,608,594 | |
| Retained profit | € -157,277 | € -172,336 | € 48,124 | € 68,687 | ▲ 43% |
| Bank debt | € 4,176,264 | € 5,918,277 | € 5,586,251 | € 5,245,116 | ▼ 6% |
| Balance sheet total | € 9,075,118 | € 10,219,099 | € 10,608,459 | € 9,689,940 | ▼ 9% |
Key figures of H² ESTATE, 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 H² ESTATE?
What happened at H² ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Noshaq Partners SRL stepped down as director. NBB
- Noshaq SA stepped down as director. NBB
- RESIGLASS SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 20,563 (▼ 91% vs 2024). Source: NBB ↗
- Noshaq Partners SRL became a director. NBB
- Noshaq SA became a director. NBB
- RESIGLASS SA became a director. NBB
- New establishment in Liège. KBO
In short
From € 157,277 loss in 2022 to € 20,563 profit in 2025.
Paid € 24,939 in corporate taxes since 2022.
Best year ever: 2024, with € 220,460 profit.
A new publication or filing at H² ESTATE? 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 NOSHAQ IMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H² ESTATEThe shares are held by NOSHAQ IMMO (50%).
Directors
According to the 2025 annual accounts
Director · represented by Marie Braun
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 2026 · until 2032
Director · represented by Hervé Boutantin
Also active at: FRANKI, Iso - Calor, DARDENNE, DAO, Bureau d'Etudes Pierre Berger, SOGECOM, NOSHAQ IMMO, GABRIEL +59 more
since 2026 · until 2032
Director · represented by Frederik De Knijf
Also active at: EUROGLAS - DE LANDTSHEER, SAFETYGLASS, IGP Immo, Euroglas Immo, INDUSTRIAL GLASS PROCESSING, SAFETYGLASS IMMO, INTERNATIONAL GLASS FITTINGS EUROPE
since 2026 · until 2032
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Lambert-Lombard 3
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →CAUTION MUTUELLE DES METIERS ET NEGOCES same network
SOGECOM same network
€ -151,456 gross margin · 2025
NOSHAQ same network
€ 9 million revenue · 2025
NOSHAQ IMMO same network
€ 2.6 million revenue · 2025
NOSHAQ VENTURE same network
€ 89,352 revenue · 2025
+30 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
- 0777.414.616
- VAT number
- BE 0777.414.616
- Registered office
- Rue Lambert-Lombard 3, 4000 Liège
- Names & denominations
- H² ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 November 2021
- Peppol
- Active · Active since 10 Dec 2021
- Contact
- [email protected] +32495521902
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen