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 15 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
58 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Hydrogen Europe from Brussel, company number BE0890025478, closed financial year 2025 with a result of € 57,324 after tax. For that financial year Hydrogen Europe recorded a gross margin of € 3.6 million and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 709,108 to € 57,324. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 2.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,324
▼ 92% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
39.5
▲ 3.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 9% vs 2024
€ 81,500 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.
€ 69,781
▼ 7% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 611,715
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 233,978
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,815,863 | € 2,827,521 | € 3,867,857 | € 3,563,705 | ▼ 8% |
| Profit after taxes | € 1,238,149 | € 47,002 | € 709,108 | € 57,324 | ▼ 92% |
| Equity | € 2,021,259 | € 2,068,260 | € 2,777,368 | € 2,834,692 | ▲ 2% |
| Total debts | € 6,622,246 | € 12,375,831 | € 10,592,809 | € 10,770,682 | ▲ 2% |
| Cash | € 2,998,982 | € 3,286,923 | € 1,707,008 | € 1,057,958 | ▼ 38% |
| Land & buildings | - | - | € 654,616 | € 637,995 | ▼ 3% |
| Retained profit | € 2,021,259 | € 2,068,260 | € 2,777,368 | € 2,834,692 | ▲ 2% |
| Balance sheet total | € 8,643,504 | € 14,444,091 | € 13,370,177 | € 13,605,374 | ▲ 2% |
| Employees (FTE) | 34.6 | 34.2 | 35.7 | 39.5 | ▲ 3.8 |
Key figures of Hydrogen Europe, 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 Hydrogen Europe?
What happened at Hydrogen Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Aragon stepped down as director. NBB
- RWE S. Etr. stepped down as director. NBB
- ENGIE S. Etr. stepped down as director. NBB
- ITM Power S. Etr. stepped down as director. NBB
- Port of Antwerp-Bruges SA stepped down as director. NBB
- Robert Bosch GmbH stepped down as director. NBB
- SNAM Spa S. Etr. stepped down as director. NBB
- LINDE AG S. Etr. stepped down as director. NBB
In short
From € 1.2 million profit in 2022 to € 57,324 profit in 2025.
Paid € 568 in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
On average € 90,200 of value added per employee in 2025.
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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
Directors
According to the 2025 annual accounts
Director · represented by Tom Hautekiet
since 2024 · until 2027
Robert Bosch GmbH
Administrateur et trésorier · represented by Beate GROTA
since 2024 · until 2027
Plastic Omnium New Energies France S. Etr.
Director · represented by Christian Maugy
since 2023 · until 2026
Director · represented by Nils Aldag
since 2023 · until 2026
Aragon
Director · represented by Carlos Ravier NAVARRO ESPADA
since 2022 · until 2028
Tree Energy Solutions Belgium SRL
Director · represented by Marco Alvera
since 2023 · until 2026
Director · represented by Marc Wilson
since 2023 · until 2025
RWE S. Etr.
Chairman of the board · represented by Sopna SURY
since 2023 · until 2028
SNAM Spa S. Etr.
Director · represented by Piero ERCOLI
since 2024 · until 2027
ENGIE S. Etr.
Director · represented by Charlotte Roule
since 2023 · until 2028
LINDE AG S. Etr.
Director · represented by Stefano Innocenzi
since 2024 · until 2027
Air Liquide S. Etr.
Director · represented by Sébastien Boden
since 2024 · until 2027
LATVIAN HYDROGEN ASSOCIATION S. Etr.
Director · represented by Aivars STARIKOVS
since 2024 · until 2027
ITM Power S. Etr.
Director · represented by Denis Schultz
since 2025 · until 2028
HYDROGEN DENMARK S. Etr.
Administrateur et trésorier · represented by Tejs Laustsen Jensen
since 2023 · until 2026
DOK-ING INDELOOP S. Etr.
Director · represented by Danica Maljkovic
since 2024 · until 2027
Establishments
Establishment units
Physical locations of this company
Marnixlaan 23
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.
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€ 3.9 million revenue · 2025
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€ 14.4 million revenue · 2024
+53 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
- 0890.025.478
- VAT number
- BE 0890.025.478
- Registered office
- Marnixlaan 23, 1000 Brussel
- Names & denominations
- Hydrogen Europe
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 28 March 2007
- Peppol
- Active · Active since 11 Sept 2025
- Activities · NACE
Activiteiten van beroepsorganisaties
Markt- en opinieonderzoek
Marktonderzoekbureaus