EXHIBIT 12.1
                                                                    ------------


                                 CERTIFICATIONS



I, Johan Eliasch, certify that:

1.       I have reviewed this annual report on Form 20-F of Head N.V.;

2.       Based on my knowledge, this report does not contain any untrue
         statement of a material fact or omit to state a material fact necessary
         to make the statements made, in light of the circumstances under which
         such statements were made, not misleading with respect to the period
         covered by this report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this report, fairly present in all material
         respects the financial condition, results of operations and cash flows
         of the company as of, and for, the periods presented in this report;

4.       The company's other certifying officer and I are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a - 15(e) and 15d -15(e)) for the
         company and have:

         (a)   designed such disclosure controls and procedures, or caused such
               disclosure controls and procedures to be designed under our
               supervision, to ensure that material information relating to the
               company, including its consolidated subsidiaries, is made known
               to us by others within those entities, particularly during the
               period in which this report is being prepared;

         (b)   evaluated the effectiveness of the company's disclosure controls
               and procedures and presented in this report our conclusions about
               the effectiveness of the disclosure controls and procedures, as
               of the end of the period covered by this report based on such
               evaluation; and

         (c)   disclosed in this report any change in the company's internal
               control over financial reporting that occurred during the period
               covered by the report that has materially affected, or is
               reasonably likely to materially affect, the company's internal
               control over financial reporting; and

5.       The company's other certifying officer and I have disclosed, based on
         our most recent evaluation of internal control over financial
         reporting, to the company's auditors and the audit committee of the
         company's board of directors (or persons performing the equivalent
         functions):

         (a)   all significant deficiencies and material weaknesses in the
               design or operation of internal control over financial reporting
               which are reasonably likely to adversely affect the company's
               ability to record, process, summarize and report financial
               information; and

         (b)   any fraud, whether or not material, that involves management or
               other employees who have a significant role in the company's
               internal control over financial reporting.


Date: April 13, 2004

                                            By: _______________________

                                            Johan Eliasch
                                            Chairman of the Management Board and
                                            Chief Executive Officer