HI QUALITY SOFTWARE
ActiveSummary
HI QUALITY SOFTWARE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €473,226 and a net result of €74,895. Equity is growing by ~16.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 27.57 against 21.74 in 2023; short-term debt: 3.6% and cash: 95.2% of total assets), and 3.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.4%
Return on assets
15.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
39 d early
2023
42 d early
2022
46 d early
2021
50 d early
2020
45 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€473,226▲ 18.8%
2023 · €398,331
Total assets
€490,848▲ 17.7%
2023 · €417,169
Net result
€74,895▼ 0.2%
2023 · €75,017
Working capital
€468,217▲ 19.8%
2023 · €390,707
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€96,815▲ 20.8%€96,474▼ 0.4%€69,274▼ 28.2%€104,065▲ 50.2%€104,378▲ 0.3%
Net result€70,016above the sector's middle half▲ 22.1%€69,353above the sector's middle half▼ 0.9%€49,349above the sector's middle half▼ 28.8%€75,017above the sector's middle half▲ 52.0%€74,895above the sector's middle half▼ 0.2%
Equity€264,613above the sector's middle half▲ 36.0%€333,966above the sector's middle half▲ 26.2%€383,314above the sector's middle half▲ 14.8%€398,331above the sector's middle half▲ 3.9%€473,226above the sector's middle half▲ 18.8%
Total assets€290,309above the sector's middle half▲ 41.2%€356,006above the sector's middle half▲ 22.6%€418,957above the sector's middle half▲ 17.7%€417,169above the sector's middle half▼ 0.4%€490,848above the sector's middle half▲ 17.7%
Debt€25,696▲ 133%€22,040▼ 14.2%€35,643▲ 61.7%€18,837▼ 47.1%€17,622▼ 6.5%
Working capital€241,409above the sector's middle half▲ 46.9%€319,082above the sector's middle half▲ 32.2%€380,198above the sector's middle half▲ 19.2%€390,707above the sector's middle half▲ 2.8%€468,217above the sector's middle half▲ 19.8%
Solvency91.1%above the sector's middle half▼ 3.5pp93.8%above the sector's middle half▲ 2.7pp91.5%above the sector's middle half▼ 2.3pp95.5%above the sector's middle half▲ 4.0pp96.4%above the sector's middle half▲ 0.9pp
Current ratio10.39above the sector's middle half▼ 9.5615.48above the sector's middle half▲ 5.0811.67above the sector's middle half▼ 3.8121.74above the sector's middle half▲ 10.0727.57above the sector's middle half▲ 5.83
Return on assets (ROA)24.1%within the sector's middle half▼ 3.8pp19.5%within the sector's middle half▼ 4.6pp11.8%within the sector's middle half▼ 7.7pp18.0%within the sector's middle half▲ 6.2pp15.3%within the sector's middle half▼ 2.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 0% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €490,848
Fixed assets
€5,009 ▼ 34.3%
Current assets
€485,839 ▲ 18.6%
Equity and liabilities €490,848
Equity
€473,226 ▲ 18.8%
Debt
€17,622 ▼ 6.5%
Debt's share of the balance-sheet total falls from 4.5% to 3.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106,993▲
2023 · €106,214
Cash flow
€77,510▲
2023 · €77,166
Debt to equity
0.04▼
2023 · 0.05
ROE
15.8%▼
2023 · 18.8%
Interest coverage
1590.26▲
2023 · 499.01
Debt ≤ 1 year
€17,622▼
2023 · €18,837
Income taxes
€29,416▲
2023 · €28,836
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,134 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,623 | €11,501 | €11,767 | €2,149 | €2,615 | ▲ 21.7% |
| Other operating charges640/8 | - | €668 | €669 | €716 | €765 | ▲ 6.8% |
| Gross operating margin9900 | €109,105 | €108,644 | €81,710 | €106,931 | €107,758 | ▲ 0.8% |
| Operating profit (loss)9901 | €96,815 | €96,474 | €69,274 | €104,065 | €104,378 | ▲ 0.3% |
| Financial charges65/66B | - | €182 | €284 | €213 | €67 | ▼ 68.4% |
| Recurring financial charges65 | €12 | €182 | €284 | €213 | €67 | ▼ 68.4% |
| Profit (loss) for the period before taxes9903 | €96,803 | €96,293 | €68,990 | €103,852 | €104,311 | ▲ 0.4% |
| Income taxes67/77 | €26,787 | €26,940 | €19,641 | €28,836 | €29,416 | ▲ 2.0% |
| Profit (loss) for the period9904 | €70,016 | €69,353 | €49,349 | €75,017 | €74,895 | ▼ 0.2% |
| Profit (loss) for the period to be appropriated9905 | €69,943 | €69,353 | €49,349 | €75,017 | €74,895 | ▼ 0.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290,309 | €356,006 | €418,957 | €417,169 | €490,848 | ▲ 17.7% |
| Fixed assets21/28 | €23,204 | €14,884 | €3,117 | €7,624 | €5,009 | ▼ 34.3% |
| Tangible fixed assets22/27 | €23,204 | €14,884 | €3,117 | €7,624 | €5,009 | ▼ 34.3% |
| Plant, machinery and equipment23 | - | €0 | €0 | €1,406 | €883 | ▼ 37.2% |
| Furniture and vehicles24 | - | €14,884 | €3,117 | €6,218 | €4,126 | ▼ 33.6% |
| Current assets29/58 | €267,105 | €341,122 | €415,841 | €409,544 | €485,839 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €21,527 | €37,651 | €37,395 | €13,354 | €17,819 | ▲ 33.4% |
| Trade receivables40 | - | €37,614 | €37,358 | €13,317 | €17,819 | ▲ 33.8% |
| Other amounts receivable41 | - | €37 | €37 | €37 | - | - |
| Cash at bank and in hand54/58 | €243,122 | €303,010 | €375,743 | €396,000 | €467,338 | ▲ 18.0% |
| Deferred charges and accrued income490/1 | - | €461 | €2,702 | €190 | €682 | ▲ 260% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290,309 | €356,006 | €418,957 | €417,169 | €490,848 | ▲ 17.7% |
| Equity10/15 | €264,613 | €333,966 | €383,314 | €398,331 | €473,226 | ▲ 18.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €239,285 | €304,285 | €353,285 | €363,285 | €436,285 | ▲ 20.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €3,278 | €3,278 | €3,278 | €3,278 | = |
| Distributable reserves133 | - | €299,147 | €348,147 | €358,147 | €431,147 | ▲ 20.4% |
| Profit (loss) carried forward14 | €12,928 | €17,281 | €17,630 | €22,646 | €24,541 | ▲ 8.4% |
| Amounts payable17/49 | €25,696 | €22,040 | €35,643 | €18,837 | €17,622 | ▼ 6.5% |
| Amounts payable within one year42/48 | €25,696 | €22,040 | €35,643 | €18,837 | €17,622 | ▼ 6.5% |
| Trade debts44 | €1,142 | €1,592 | €17,163 | €1,119 | €405 | ▼ 63.8% |
| Suppliers440/4 | - | €1,592 | €17,163 | €1,119 | €405 | ▼ 63.8% |
| Taxes, remuneration and social security45 | - | €20,239 | €18,179 | €17,297 | €16,795 | ▼ 2.9% |
| Taxes450/3 | - | €20,239 | €13,725 | €17,292 | €15,397 | ▼ 11.0% |
| Remuneration and social security454/9 | - | - | €4,454 | €4 | €1,398 | ▲ 32,339% |
| Other amounts payable47/48 | - | €209 | €301 | €422 | €422 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,016 | €69,353 | €49,349 | €75,017 | €74,895 | ▼ 0.2% |
| + Depreciation and write-downs630 | €11,623 | €11,501 | €11,767 | €2,149 | €2,615 | ▲ 21.7% |
| Operating cash flow (approximation) | €81,639 | €80,854 | €61,116 | €77,166 | €77,510 | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | -€3,181 | €0 | -€6,657 | €0 | ▲ 100% |
| Change in cash | - | €59,888 | €72,733 | €20,257 | €71,338 | ▲ 252% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €75,017 ▲52%
Net result €75,017, the highest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €49,349 ▼28.8%
Net result drops to €49,349, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €264,613 ▲36%
3 profitable years in a row build equity to €264,613.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 19.95
Current ratio from 5.77 to 19.95; short-term debt falls from €19,519 to €8,671.
31-12
Financial
Equity above €150,000Eq €194,597 ▲41.8%
2 profitable years in a row build equity to €194,597.
Show earlier events
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2001
Ground area
1,104 m²
Building footprint
140 m²
Volume, LiDAR
856 m³
Parcel 44043A0059/00R004, Flanders · tallest building 20.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HI Quality Software
since 20012.101.326.242
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0059/00R004 | Flanders | 1,104 m² | 1 · 140 m² | 20.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
VD CONSULTANTS
BE 0477.027.093
Hechtel-Eksel · Eq €473,166
KEY BUSINESS
BE 0432.758.570
Braine-l'Alleud · Eq €473,319
MARPLE
BE 0748.580.672
Antwerpen · Eq €473,060
IDEVIT
BE 0701.646.926
Antwerpen · Eq €473,427
DPS&MC
BE 0795.795.225
Kortenberg · Eq €472,646
Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 12,188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-05-2001
Fiscal year end31-12
Abbreviation NL
HIQS
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474904377
Also
9925:BE0474904377
Registered
19-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.