FOR HEIGHTS

Active

Private limited companyfounded 20188 yrs activeWillem Tellstraat 11, 8370 Blankenberge, BelgiumKBO/BCE: BE 0689.892.605

The computed 12-month bankruptcy probability of FOR HEIGHTS is 1.5% (moderate). The annual accounts of FOR HEIGHTS for fiscal year 2024 show a net loss of 94% of the equity at the start of that year. The 2024 annual accounts show equity of €571 and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 1633 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

34 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-67

Solvency26▼-26

Growth32▼-20

Track record100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.98 against 1.37 in 2023; short-term debt: 98.7% and cash: 27.5% of total assets), and 98.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

1.3%

Return on assets

-19.9%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1633 sector peers (2024).

NBB · sector comparison

Position among 1633 sector peers

Solvency

better than 10%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

59 d late

2022

30 d late

2021

11 d early

2020

13 d late

2019

53 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€571▼ 93.8%

2023 · €9k

2018: €8k 2019: €855 2020: €-605 2021: €-3k 2022: €5k 2023: €9k

2018 → 2024

Total assets

€44k▲ 27.0%

2023 · €34k

2018: €33k 2019: €12k 2020: €16k 2021: €16k 2022: €49k 2023: €34k

2018 → 2024

Net result

€-9k

2023 · €4k

2018: €6k 2019: €-7k 2020: €-1k 2021: €-3k 2022: €9k 2023: €4k

2018 → 2024

Working capital

€-1k

2023 · €9k

2018: €6k 2019: €-24 2020: €-605 2021: €-3k 2022: €5k 2023: €9k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-605-€-3k▼ 474%€5k€9k▲ 78.2%€571▼ 93.8%

Operating result€-1k-€-5k▼ 231%€9k€-1k€-9k▼ 516%

Net result€-1k-€-3k▼ 96.7%€9k€4k▼ 53.2%€-9k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €9k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €44k

96.2%

Fixed assets €2k

Current assets €42k

Equity and liabilities €44k

98.7%

Equity €571▼ 93.8%

Debt €43k▲ 71.7%

The debt ratio rises from 73.0% to 98.7%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-9k

Cash flow

€-9k

Solvency

1.3%▼

2023 · 27.0%

Current ratio

0.98▼

2023 · 1.37

Quick ratio

0.98▼

2023 · 1.37

ROA

-19.9%▼

2023 · 11.8%

Interest coverage

-53.77

Debt

€43k▲

2023 · €25k

Debt ≤ 1 year

€43k▲

2023 · €25k

Equity ratios withheld: equity of €571 is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€34k€44k▲

Fixed assets21/28-€2k

Tangible fixed assets22/27-€2k

Plant, machinery and equipment23-€2k

Current assets29/58€34k€42k▲

Amounts receivable within one year40/41€28k€30k▲

Trade receivables40€26k€30k▲

Other amounts receivable41€2k-

Cash at bank and in hand54/58€6k€12k▲

Deferred charges and accrued income490/1€133-

Equity and liabilities

Total equity and liabilities10/49€34k€44k▲

Equity10/15€9k€571▼

Contributions10/11€6k€6k=

Reserves13€3k€2k▼

Distributable reserves133€3k€2k▼

Profit (loss) carried forward14-€-7k

Amounts payable17/49€25k€43k▲

Amounts payable within one year42/48€25k€43k▲

Trade debts44€19k€38k▲

Suppliers440/4€19k€38k▲

Taxes, remuneration and social security45-€1k

Taxes450/3-€1k

Other amounts payable47/48€6k€4k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€13

Other operating charges640/8€779€868▲

Gross operating margin9900€-606€-8k▼

Operating profit (loss)9901€-1k€-9k▼

Financial income75/76B€6k€16▼

Recurring financial income75€586€16▼

Non-recurring financial income76B€5k-

Financial charges65/66B€104€159▲

Recurring financial charges65€104€159▲

Profit (loss) for the period before taxes9903€4k€-9k▼

Profit (loss) for the period9904€4k€-9k▼

Profit (loss) for the period to be appropriated9905€4k€-9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1k€-9k▼

Profit (loss) brought forward from the previous period14P€-3k-

Transfer from equity791/2-€1k

Transfer to equity691/2€1k-

To other reserves6921€1k-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 2Filings 7

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

31-12

Financial Weakest financial yearnet €-9k ▼314%

Net result drops to €-9k, the lowest in the series.

28-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 59 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Back to profitnet €9k

Net result €9k after 3 loss-making years.

20-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

13-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 13 days late

2020

22-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 53 days late

2019

09-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 9 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

23-01-2024 AUGUSTYNIAK Dennis: Resigned as Manager

23-01-2024 KEMPENAERS Stéphane: Resigned as Manager

23-01-2024 VANDEPITTE Sven: Resigned as Manager

Location & real-estate footprint

Registered office, Blankenberge · 1 establishment unit since 2018

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Willem Tellstraat 118370 Blankenberge

Ground area

442 m²

Building footprint