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HIGH FIVE

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Private limited companyfounded 2015active for 11 yearsde Broquevillelaan 237, 1200 Sint-Lambrechts-Woluwe, BelgiumKBO/BCE: BE 0630.679.251
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HIGH FIVEActiveChecked score 56/100
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Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.

Annual accounts 2024 filed on 08-12-2025 PDF all 8 filings

Turnover
≈ €180,000
Estimated: probably between €150,000 and €210,000
Total assets
€1.0m▲ 10.6%
2023 · €927,085
Net result
€81,483▼ 42.6%
2023 · €141,849
Working capital
€839,325▲ 12.0%
2023 · €749,610
Multi-year overview
2018 to 2024, 6 financial years
Operating result
€93,840
▼ 43.5% 2024
20182024
Net result
€81,483
▼ 42.6% 2024
highest quarter of the sector
20182024
Equity
€873,210
▲ 10.3% 2024
highest quarter of the sector
20182024
Total assets
€1.0m
▲ 10.6% 2024
highest quarter of the sector
20182024
Debt
€151,704
▲ 12.1% 2024
20182024
Working capital
€839,325
▲ 12.0% 2024
highest quarter of the sector
20182024
Solvency
85.2%
▼ 0.2pp 2024
highest quarter of the sector
20182024
Current ratio
6.57
▲ 0.03 2024
highest quarter of the sector
20182024
Return on assets (ROA)
8.0%
▼ 7.4pp 2024
middle half of the sector
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line201820192021202220232024
Operating result€0.1m-€0.2m▲ 49.7%€0.1m-€0.2m▲ 58.5%€0.2m▼ 10.5%€0.09m▼ 43.5%
Net result€0.08m-€0.1m▲ 48.1%€0.1mabove the sector's middle half-€0.1mabove the sector's middle half▲ 50.8%€0.1mabove the sector's middle half▼ 3.6%€0.08mabove the sector's middle half▼ 42.6%
Equity€0.2m-€0.3m▲ 71.7%€0.5mabove the sector's middle half-€0.6mabove the sector's middle half▲ 29.3%€0.8mabove the sector's middle half▲ 21.8%€0.9mabove the sector's middle half▲ 10.3%
Total assets€0.2m-€0.4m▲ 64.8%€0.6mabove the sector's middle half-€0.8mabove the sector's middle half▲ 26.9%€0.9mabove the sector's middle half▲ 12.6%€1.0mabove the sector's middle half▲ 10.6%
Debt€0.08m-€0.1m▲ 49.8%€0.1m-€0.2m▲ 18.6%€0.1m▼ 22.1%€0.2m▲ 12.1%
Working capital€0.2m-€0.3m▲ 63.7%€0.4mabove the sector's middle half-€0.6mabove the sector's middle half▲ 36.2%€0.7mabove the sector's middle half▲ 24.1%€0.8mabove the sector's middle half▲ 12.0%
Solvency68.6%-71.4%▲ 2.9pp77.4%within the sector's middle half-78.9%above the sector's middle half▲ 1.5pp85.4%above the sector's middle half▲ 6.5pp85.2%above the sector's middle half▼ 0.2pp
Current ratio3.22-3.37▲ 0.154.03within the sector's middle half-4.50above the sector's middle half▲ 0.476.54above the sector's middle half▲ 2.046.57above the sector's middle half▲ 0.03
Return on assets (ROA)33.2%-29.8%▼ 3.4pp15.0%within the sector's middle half-17.9%within the sector's middle half▲ 2.8pp15.3%within the sector's middle half▼ 2.6pp8.0%within the sector's middle half▼ 7.4pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2024 is 44% lower than in 2023 and the lowest since 2019. It is the second fall in a row.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets €34,885 ▼ 17.2%
Current assets €990,029 ▲ 11.9%
Equity and liabilities €1.0m
Equity €873,210 ▲ 10.3%
Debt €151,704 ▲ 12.1%
Debt's share of the balance-sheet total rises from 14.6% to 14.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€101,072▼
2023 · €173,948
Cash flow
€88,715▼
2023 · €149,665
Debt to equity
0.17▲
2023 · 0.17
ROE
9.3%▼
2023 · 17.9%
Interest coverage
39.31▼
2023 · 75.66
Debt ≤ 1 year
€150,704▲
2023 · €135,358
Income taxes
€59,160▼
2023 · €59,368
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item2021202220232024
Tangible fixed assets€35,525€7,372€2,834-
Depreciation and write-downs of the year€9,952€10,536€7,816€7,232

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€0.9m€1.0m▲
Fixed assets21/28€0.04m€0.03m▼
Tangible fixed assets22/27€0.04m€0.03m▼
Furniture and vehicles24€0.005m€0.003m▼
Other tangible fixed assets26€0.04m€0.03m▼
Current assets29/58€0.9m€1.0m▲
Amounts receivable within one year40/41€0.8m€1.0m▲
Trade receivables40€0.04m€0.1m▲
Other amounts receivable41€0.8m€0.9m▲
Cash at bank and in hand54/58€0.07m€0.02m▼
Deferred charges and accrued income490/1-€0.005m
Equity and liabilities
Total equity and liabilities10/49€0.9m€1.0m▲
Equity10/15€0.8m€0.9m▲
Contributions10/11€0.01m€0.01m=
Profit (loss) carried forward14€0.8m€0.9m▲
Amounts payable17/49€0.1m€0.2m▲
Amounts payable within one year42/48€0.1m€0.2m▲
Trade debts44€0.002m€0.002m▲
Suppliers440/4€0.002m€0.002m▲
Taxes, remuneration and social security45€0.1m€0.1m▼
Taxes450/3€0.1m€0.1m▼
Other amounts payable47/48-€0.02m
Accrued charges and deferred income492/3-€0.001m
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.008m€0.007m▼
Other operating charges640/8€0.009m€0.006m▼
Gross operating margin9900€0.2m€0.1m▼
Operating profit (loss)9901€0.2m€0.09m▼
Financial income75/76B€0.04m€0.05m▲
Recurring financial income75€0.04m€0.05m▲
Financial charges65/66B€0.002m€0.003m▲
Recurring financial charges65€0.002m€0.003m▲
Profit (loss) for the period before taxes9903€0.2m€0.1m▼
Income taxes67/77€0.06m€0.06m▼
Profit (loss) for the period9904€0.1m€0.08m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.08m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.8m€0.9m▲
Profit (loss) brought forward from the previous period14P€0.6m€0.8m▲

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 08-12-2025.

Line201820192021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,347€5,716€9,952€10,536€7,816€7,232▼ 7.5%
Other operating charges640/8--€6,100€992€8,842€6,001▼ 32.1%
Gross operating margin9900€127,499€165,475€133,182€197,139€182,790€107,073▼ 41.4%
Operating profit (loss)9901€105,629€158,111€117,131€185,611€166,132€93,840▼ 43.5%
Financial income75/76B--€26,881€38,851€37,384€49,374▲ 32.1%
Recurring financial income75€12,807€19,587€26,881€38,851€37,384€49,374▲ 32.1%
Financial charges65/66B--€781€3,061€2,299€2,571▲ 11.8%
Recurring financial charges65€1,643€1,965€781€3,061€2,299€2,571▲ 11.8%
Profit (loss) for the period before taxes9903€116,793€175,732€143,231€221,401€201,218€140,643▼ 30.1%
Income taxes67/77€34,289€53,543€45,679€74,252€59,368€59,160▼ 0.4%
Profit (loss) for the period9904€82,504€122,189€97,553€147,149€141,849€81,483▼ 42.6%
Profit (loss) for the period to be appropriated9905€82,504€122,189€97,553€147,149€141,849€81,483▼ 42.6%
Line201820192021202220232024Change
Assets
Total assets20/58€0.2m€0.4m€0.6m€0.8m€0.9m€1.0m▲ 10.6%
Fixed assets21/28€0.01m€0.03m€0.06m€0.05m€0.04m€0.03m▼ 17.2%
Tangible fixed assets22/27€0.01m€0.03m€0.06m€0.05m€0.04m€0.03m▼ 17.2%
Furniture and vehicles24--€0.02m€0.004m€0.005m€0.003m▼ 31.4%
Other tangible fixed assets26--€0.04m€0.04m€0.04m€0.03m▼ 15.3%
Current assets29/58€0.2m€0.4m€0.6m€0.8m€0.9m€1.0m▲ 11.9%
Amounts receivable within one year40/41€0.2m€0.4m€0.5m€0.8m€0.8m€1.0m▲ 17.9%
Trade receivables40--€0.06m€0.1m€0.04m€0.1m▲ 140%
Other amounts receivable41--€0.5m€0.6m€0.8m€0.9m▲ 11.1%
Cash at bank and in hand54/58€0.02m€0.009m€0.05m€0.02m€0.07m€0.02m▼ 66.8%
Deferred charges and accrued income490/1-----€0.005m-
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.4m€0.6m€0.8m€0.9m€1.0m▲ 10.6%
Equity10/15€0.2m€0.3m€0.5m€0.6m€0.8m€0.9m▲ 10.3%
Contributions10/11€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m=
Reserves13€0.02m€0.02m€0.002m€0.002m---
Non-distributable reserves130/1--€0.002m€0.002m---
Reserves not available under the articles1311--€0.002m€0.002m---
Profit (loss) carried forward14€0.1m€0.3m€0.5m€0.6m€0.8m€0.9m▲ 10.5%
Amounts payable17/49€0.08m€0.1m€0.1m€0.2m€0.1m€0.2m▲ 12.1%
Amounts payable within one year42/48€0.07m€0.1m€0.1m€0.2m€0.1m€0.2m▲ 11.3%
Trade debts44€0.001m€0.05m€0.03m€0.03m€0.002m€0.002m▲ 50.1%
Suppliers440/4--€0.03m€0.03m€0.002m€0.002m▲ 50.1%
Taxes, remuneration and social security45--€0.1m€0.1m€0.1m€0.1m▼ 4.1%
Taxes450/3--€0.1m€0.1m€0.1m€0.1m▼ 4.1%
Remuneration and social security454/9---€0.003m---
Other amounts payable47/48--€0.02m--€0.02m-
Accrued charges and deferred income492/3---€0.001m-€0.001m-
Line201820192021202220232024Change
Profit (loss) for the period9904€82,504€122,189€97,553€147,149€141,849€81,483▼ 42.6%
+ Depreciation and write-downs630€9,347€5,716€9,952€10,536€7,816€7,232▼ 7.5%
Operating cash flow (approximation)€91,851€127,905€107,504€157,685€149,665€88,715▼ 40.7%
Investment in fixed assets (approximation)--€23,880-€1,795-€2,834€0-
Change in cash--€6,110--€30,140€45,927-€46,209-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 17,811 companies had the same profile as HIGH FIVE has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.5% was still going
3.1% stopped otherwise
0.3% went bankrupt

The bankruptcy probability of HIGH FIVE itself is higher: 1.2% within 12 months. It rests on far more data about HIGH FIVE than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,811 companies, not a prediction for HIGH FIVE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (8)
Financial year Type Filed Reference Document
31-12-2024 micro format 08-12-2025 2025-00578807 PDF
31-12-2023 micro format 30-01-2025 2025-00021780 PDF
31-12-2022 micro format 16-05-2024 2024-00090070 PDF
31-12-2021 micro format 03-01-2023 2023-20552537 PDF
31-12-2019 micro format 23-12-2020 2020-77100241 PDF
31-12-2018 micro format 23-09-2019 2019-65200362 PDF
31-12-2017 micro format 30-08-2018 2018-56400293 PDF
31-12-2016 full format 31-08-2017 2017-54600528 PDF

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