Insiders Trades
No insider purchase over the last 90 days. The latest was filed 26 Feb 2026.
H2APEX Group SCA: what insiders have been doing
H2APEX Group SCA, founded in 2011, is a Energy company based in Luxembourg. Its directors and officers file their transactions with BaFin. The last twelve months, up to 18 October 2026, brought 2 filings signed by 2 insiders.
Purchases and sales both appear in the filings: 1 purchase (1 insider, €1.1M) and 1 sale (1 insider, €1.1M). Unlike grants, an open-market purchase is paid for by the insider, at the market price. At €1.1M, the purchase published on 26 February 2026 by Endurance Fund Ltd. is the largest of the period.
Across the 287 companies tracked on its exchange, the median is 5 filings; at 2 filings, this issuer sits below that mark. Since 2026, the database holds 1 purchase and 1 sale by insiders of the company.
The last purchase on record was published on 26 February 2026, which is 233 days ago.
For comparison within the same sector, see the insider buying recorded at RGC Resources Inc and Empire Petroleum Corp. Every figure here comes from the filings published by BaFin and describes the past, not future prices; it is not investment advice.
Key facts
Headquarters: Luxembourg · Founded: 2011
Source: Wikidata (CC0).
Insider Decl.
2
Thresholds
n/a
Buy Volume
€1M
1 ops. · all time
Sell Volume
€1M
1 ops. · all time
Who traded when
BuySaleEndurance Fund Ltd.2 buys
Active Ownership Fund SICAV SIF SCS1 sale
Since the insiders bought
- -24.8%Entry €1.25 · Close 16 Oct 2026 €0.94
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate H2APEX Group SCA Buy (bullish), based on 3 analysts. Average price target: €1.90.
Fundamental score
Ranked 24,142 of 24,148 companies
1.3
score / 100
Value2
Quality0
FCF yld-94%
Earn yld-66%
EV/EBITDA·
ROE-277%
Gross mgn-71%
Net mgn·
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€1.02
Analyst consensus
3 analystsBuy
€1.00Target €1.90(+86%)€2.70
Income statement
Revenue€10.0M
Gross profit-€7.1M-71% margin
EBITDA-€28.9M-290% margin
Net income-€33.8M-219.2% margin
Valuation
PER (forward)-3.8x
P/Book5.1x
Beta0.06
Balance sheet & cash
Market cap€51.2M
Total debt€36.5M
Free Cash Flow-€47.9M
Debt / Equity446%
Profitability & ownership
ROE-276.9%
ROA-26.3%
% insiders25.8%
% institutions26.1%
Last declaration on 26 February 2026
Declarations2 total
512,523 shares@ €2.20100.0% of flowShareISIN LU0472835155BAFIN:40012375
Canonical exit: 26 May 2026 (T+90)
512,523 shares@ €2.20100.0% of flowShareISIN LU0472835155BAFIN:40012375-0374c6627d21
2 of 2 declarations
About H2APEX Group SCA
H2APEX Group SCA is a specialized player in the green hydrogen value chain, listed on Germany’s regulated market on Xetra/Frankfurt (DAX/MDAX/SDAX). Although the company is listed in Germany, its registered office is in Luxembourg, while its operational footprint is centered in the Rostock-Laage and Lubmin area in northern Germany. The group was formerly known as exceet Group SCA and was renamed H2APEX Group SCA in January 2024 to align the listed vehicle with its operating brand. Recent corporate communications indicate that the business traces its operating roots to a 2022 spin-off in Rostock-Laage and has since evolved into a developer and operator of hydrogen infrastructure.
H2APEX’s core business is the development, construction, and operation of green hydrogen production plants. The company also addresses adjacent areas such as hydrogen storage, district heating, and mobility applications, positioning itself across both project execution and long-term asset operation. This dual model matters from an investment perspective: it gives H2APEX exposure to near-term engineering/project revenues while building a platform for recurring income from its own production assets over time.
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From a competitive standpoint, H2APEX is a niche hydrogen specialist rather than a broad diversified energy utility. Its strategic focus is on decentralized hydrogen plants and industrial-scale electrolysis projects, with a strong concentration in northeastern Germany. Lubmin is a key strategic location for the company and for Germany’s hydrogen ecosystem more broadly, giving H2APEX a visible footprint in one of the country’s most closely watched hydrogen hubs. The group primarily serves customers and partners in Germany and Luxembourg, while also expanding through industrial and financing partnerships.
Recent milestones underscore the company’s strategic shift toward proprietary hydrogen production. In 2025, H2APEX acquired HH2E Lubminwerk GmbH and its hydrogen project in Lubmin, then announced a strategic partnership with Copenhagen Infrastructure Partners for the first phase of that IPCEI-supported project. The first expansion stage targets 100 MW of capacity and annual output of up to 10,000 tons of hydrogen. In early 2026, H2APEX also announced a joint venture with East Energy, Hanseatic H2, to develop standardized 5 MW electrolysis plants. Taken together, these steps suggest a clear move from pure project development toward a more integrated hydrogen platform, albeit in a capital-intensive sector where execution timing, permitting, and financing remain key risks.
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