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 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
H2R from Andenne, company number BE0890622128, closed financial year 2025 with a result of € -75,482 after tax. For that financial year H2R recorded a gross margin of € -4,266 and equity of € 64,596. Compared with financial year 2024, the result moved from € -64,023 to € -75,482. The company made a loss. The buffer shrank hard: equity is 54 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 64,596
▼ 54% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -75,482
▼ 18 % more loss than in 2024
Profit after tax over the fiscal year.
€ 38,522
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -535,404.
Debts at end 2025
€ 1.9 million
Loans from banks and other lenders, long and short.
€ 7,560
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,374 | € -4,276 | € -5,935 | € -4,266 | ▲ € 1,669 |
| Profit after taxes | € -49,381 | € 140,104 | € -64,023 | € -75,482 | ▼ € 11,459 |
| Equity | € 63,997 | € 204,101 | € 140,078 | € 64,596 | ▼ 54% |
| Total debts | € 2,181,372 | € 2,120,719 | € 2,346,160 | € 2,328,279 | ▼ 1% |
| Cash | € 81,327 | € 17,244 | € 113,656 | € 38,522 | ▼ 66% |
| Retained profit | € -536,003 | € -395,899 | € -459,922 | € -535,404 | ▼ € 75,482 |
| Bank debt | € 1,738,360 | € 1,680,610 | € 1,880,610 | € 1,880,610 | |
| Balance sheet total | € 2,385,369 | € 2,324,820 | € 2,486,238 | € 2,392,875 | ▼ 4% |
Key figures of H2R, 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 H2R?
What happened at H2R in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 75,482. filed late Source: NBB ↗
- Morgane Robert became a director. NBB
- New establishment in Andenne. KBO
- Khalil Hodaibi became a director. NBB
- Etienne Robert became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 49,381 loss in 2022 to € 75,482 loss in 2025.
Best year ever: 2023, with € 140,104 profit.
A new publication or filing at H2R? We notify you, reason included.
Follow H2RDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Behind H2R are Morgane Robert , Khalil Hodaibi and Etienne Robert . Khalil Hodaibi is also behind SIMHO and HERO. Etienne Robert is also behind HERO.
Establishments
Establishment units
Physical locations of this company
Rue Jérusalem 75
5300 Andenne
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
- 0890.622.128
- VAT number
- BE 0890.622.128
- Registered office
- Rue Jérusalem 75, 5300 Andenne
- Names & denominations
- H2R
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2007
- Peppol
- Active · Active since 23 Jun 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Ontwikkeling van niet-residentiële bouwprojecten
Handel in eigen onroerend goed
Projectontwikkeling voor kantoorbouw
Handel in onroerend goed
+3