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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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
H4H from Antwerpen, company number BE0846472973, closed financial year 2025 with a result of € -256,846 after tax. For that financial year H4H recorded a gross margin of € -254,995 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 12 million to € -256,846. The company made a loss. The buffer shrank hard: equity is 85 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 2.6 million
▼ 85% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -256,846
▼ still € 12 million profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.4 million.
Debts at end 2025
€ 43,500
▲ 157% vs 2024
Loans from banks and other lenders, long and short.
€ 195,974
▲ € 188,069 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,025,491 | € 51,321 | € -634,224 | € -254,995 | ▲ € 379,229 |
| Profit after taxes | € 750,553 | € 35,228 | € 11,977,389 | € -256,846 | ▼ € 12.2 million |
| Equity | € 5,825,915 | € 5,861,144 | € 17,838,533 | € 2,615,580 | ▼ 85% |
| Total debts | € 7,958,593 | € 7,757,608 | € 135,643 | € 240,474 | ▲ 77% |
| Cash | € 84,445 | € 28,257 | € 984,991 | - | |
| Retained profit | € 5,575,915 | € 5,611,144 | € 17,588,533 | € 2,365,580 | ▼ 87% |
| Dividend | € 0 | € 0 | € 0 | € 7,436,555 | |
| Bank debt | € 6,869,349 | € 5,956,729 | € 16,918 | € 43,500 | ▲ 157% |
| Balance sheet total | € 13,784,508 | € 13,618,752 | € 17,974,176 | € 2,856,054 | ▼ 84% |
Key figures of H4H, 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 H4H?
What happened at H4H in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart Deumens stepped down as director. NBB
- P and B nv stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 256,846 (▼ € 12.2 million vs 2024). filed late Source: NBB ↗
- Alexis Delbaere became a director. NBB
- P and B nv became a director. NBB
- Bart Deumens became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 750,553 profit in 2022 to € 256,846 loss in 2025.
Paid € 427,526 in corporate taxes since 2022.
Best year ever: 2024, with € 12 million profit.
Paid out € 7.4 million in dividends to the owners in total.
Management
The stake of P and B comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H4HBehind H4H is Alexis Delbaere. The shares are held by P and B (100%).
Directors
According to the 2025 annual accounts
Alexis Delbaere
Director
since 2025
since 2022 · until 2028
Director · represented by Bernard Delbaere
Also active at: DEJOND, HUCK, Lux Estate, ARFILCO, ALKOMETAL
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terbekehofdreef 55-59
2610 Antwerpen
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
- 0846.472.973
- VAT number
- BE 0846.472.973
- Registered office
- Terbekehofdreef 55-59, 2610 Antwerpen
- Names & denominations
- H4H
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 2012
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Holdings