Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of H2D is 2.5% (moderate). The 2024 annual accounts show equity of €78k and a net result of €46k. Its solvency ranks better than 16% of 992 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Signals
1 signal · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 992 sector peers (2024).
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 10 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 23-06-2025 | 38 d early | 2025-00171323 |
| 31-12-2023 | 31-07-2024 | 27-06-2024 | 34 d early | 2024-00173189 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.5%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€46k
Working capital€-130k+16.5%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.8% | 35.4% | |
| Net result | €46k | €30k | |
| Equity | €78k | €121k | |
| Gross operating margin | €346k | €172k | |
| Staff costs | €113k | €194k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€232k
-
23-24
€46k
-
23-24
€197k
-
23-24
€1.00M
-10.0%
23-24
€78k
+145.4%
23-24
€-130k
+16.5%
23-24
2
+42.9%
23-24
€113k
-22.7%
23-24
€927k
-14.5%
23-24
€531k
-6.6%
23-24
€395k
-23.3%
23-24
0.76
+4.0%
23-24
0.62
+4.0%
23-24
7.8%
+172.6%
23-24
11.85
-65.2%
23-24
59.2%
-
23-24
4.6%
-
23-24
6.65
-
23-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €232k |
| Net profit | €46k |
| Cash flow | €197k |
| Staff costs | €113k |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.00M |
| Equity | €78k |
| Debt | €927k |
| of which ≤ 1y | €531k |
| of which > 1y | €395k |
| Working capital | €-130k |
| Employees (FTE) | 2.0 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.76 |
| Quick ratio | 0.62 |
| Working capital ratio | -12.9% |
| Solvency | 7.8% |
| Debt / equity | 11.85 |
| Long-term debt ratio | 5.05 |
| Interest coverage | 6.65 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.6% |
| ROE | 59.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.00M |
| Fixed assets | 21/28 | €604k |
| Intangible fixed assets | 21 | €718 |
| Tangible fixed assets | 22/27 | €603k |
| Financial fixed assets | 28 | €135 |
| Current assets | 29/58 | €401k |
| Stocks & contracts in progress | 3 | €71k |
| Amounts receivable within one year | 40/41 | €245k |
| Cash & bank | 54/58 | €84k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.00M |
| Equity | 10/15 | €78k |
| Contributions / capital | 10/11 | €250k |
| Accumulated profits (losses) | 14 | €-172k |
| Amounts payable | 17/49 | €927k |
| Amounts payable after one year | 17 | €395k |
| Amounts payable within one year | 42/48 | €531k |
| Trade debts payable within one year | 44 | €178k |
| Income statement | ||
| Gross operating margin | 9900 | €346k |
| Operating result | 9901 | €81k |
| Financial income | 75 | €13 |
| Financial charges | 65 | €35k |
| Result before taxes | 9903 | €46k |
| Net result for the period | 9904 | €46k |
| Result to be appropriated | 9905 | €46k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed56
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
KAMINSKI GERT CONSULTANCY BVLegal entityDirector· perm. rep.: Gert KaminskiState Gazette act 23029709 (01-03-2023)Current01-12-2022 → present
Former directors (1)
-
Kaminski GertDirectorState Gazette act 23029709 (01-03-2023)Former- → 01-12-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Proefboren en boren(43130) |
| Legal form | Private limited company(610) |
| Incorporation | 02-05-2022 |
| Status | Active |
| Postal code | 3560 |
Structure & network
Locations & real estate
Establishment units
1 locationH2D
since 20222.330.908.515
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3.4 ha
Buildings1
Building footprint1.9 ha
Volume (LiDAR)175,165 m³
Tallest building11.3 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2925/00N000 | Flanders | 3.4 ha | 1 · 1.9 ha | 11.3 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 3 years ago
2023
01-03-2023 1 director appointed, 1 resigning
- Gert Kaminski, Bestuurder
- Kaminski Gert, Bestuurder
Analysis
Snowflake analysis
financial profile on 5 axes68
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
100
Solvency
11
Growth
78
Stability
94
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verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads BankActivities
Proefboren en boren43130Proefboren en boren43130
Primary activity highlighted.
Names & trade names
| Legal nameNL | H2D |
Registered office
Bosstraat 46 bus 0.24
3560 Lummen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.