High Level
ActiveSummary
The annual accounts of High Level for fiscal year 2025 show a net loss of 62% of the equity at the start of that year. The 2025 annual accounts show equity of €13,055 and a net result of -€21,428. Equity is shrinking by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 31840 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-56
Solvency39▼-8
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days 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 0.58 against 1.24 in 2024; short-term debt: 50.9% and cash: 0.4% of total assets), and 86.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
13.9%
Return on assets
-22.8%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-03-2026, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
2 d early
2023
on the day
2022
on the day
2021
on the day
2020
25 d early
2019
17 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 2 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€13,055▼ 62.1%
2024 · €34,483
Total assets
€93,975▼ 41.3%
2024 · €160,134
Net result
-€21,428
2024 · €19,233
Working capital
-€20,044
2024 · €12,422
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,069▼ 26.1%-€386€9,019€28,803▲ 219%-€17,087
Net result€2,510▼ 61.7%-€6,906€999€19,233▲ 1,825%-€21,428
Equity€38,852▲ 4.6%€31,946▼ 17.8%€26,109▼ 18.3%€34,483▲ 32.1%€13,055▼ 62.1%
Total assets€178,091▲ 3.4%€246,428▲ 38.4%€187,048▼ 24.1%€160,134▼ 14.4%€93,975▼ 41.3%
Debt€139,239▲ 3.0%€214,482▲ 54.0%€160,939▼ 25.0%€125,651▼ 21.9%€80,920▼ 35.6%
Working capital€40,088▲ 10.9%-€1,309€1,744€12,422▲ 612%-€20,044
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17,087 after €28,803 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,975
Fixed assets
€66,222 ▼ 30.8%
Current assets
€27,753 ▼ 57.0%
Equity and liabilities €93,975
Equity
€13,055 ▼ 62.1%
Debt
€80,920 ▼ 35.6%
Debt's share of the balance-sheet total rises from 78.5% to 86.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,717▼
2024 · €64,515
Cash flow
€10,376▼
2024 · €54,945
Current ratio
0.58▼
2024 · 1.24
Debt to equity
6.20▲
2024 · 3.64
ROE
-164.1%▼
2024 · 55.8%
ROA
-22.8%▼
2024 · 12.0%
Interest coverage
3.36▼
2024 · 14.53
Debt ≤ 1 year
€47,797▼
2024 · €52,065
Debt > 1 year
€32,097▼
2024 · €73,585
Income taxes
€182▼
2024 · €5,235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,814 | €30,057 | €36,336 | €35,712 | €31,804 | ▼ 10.9% |
| Other operating charges640/8 | - | €5,871 | €1,595 | €2,313 | €3,468 | ▲ 49.9% |
| Gross operating margin9900 | €30,916 | €35,542 | €46,949 | €66,829 | €18,185 | ▼ 72.8% |
| Operating profit (loss)9901 | €13,069 | -€386 | €9,019 | €28,803 | -€17,087 | ▼ 159% |
| Financial income75/76B | - | €40 | €0 | €105 | €225 | ▲ 114% |
| Recurring financial income75 | €1 | €40 | €0 | €105 | €225 | ▲ 114% |
| Financial charges65/66B | - | €6,056 | €5,292 | €4,441 | €4,383 | ▼ 1.3% |
| Recurring financial charges65 | €7,742 | €6,056 | €5,292 | €4,441 | €4,383 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €5,328 | -€6,402 | €3,727 | €24,468 | -€21,245 | ▼ 187% |
| Income taxes67/77 | €2,818 | €504 | €2,728 | €5,235 | €182 | ▼ 96.5% |
| Profit (loss) for the period9904 | €2,510 | -€6,906 | €999 | €19,233 | -€21,428 | ▼ 211% |
| Profit (loss) for the period to be appropriated9905 | €2,510 | -€6,906 | €999 | €19,233 | -€21,428 | ▼ 211% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178,091 | €246,428 | €187,048 | €160,134 | €93,975 | ▼ 41.3% |
| Fixed assets21/28 | €102,184 | €156,838 | €123,433 | €95,646 | €66,222 | ▼ 30.8% |
| Tangible fixed assets22/27 | €102,088 | €156,742 | €123,433 | €95,646 | €66,222 | ▼ 30.8% |
| Land and buildings22 | - | €79,827 | €63,679 | €47,532 | €34,929 | ▼ 26.5% |
| Furniture and vehicles24 | - | €22,679 | €17,516 | €17,874 | €13,051 | ▼ 27.0% |
| Leasing and similar rights25 | - | €54,235 | €42,238 | €30,240 | €18,243 | ▼ 39.7% |
| Financial fixed assets28 | €96 | €96 | €0 | - | - | - |
| Current assets29/58 | €75,907 | €89,590 | €63,616 | €64,488 | €27,753 | ▼ 57.0% |
| Amounts receivable within one year40/41 | €25,101 | €73,626 | €48,650 | €46,994 | €6,128 | ▼ 87.0% |
| Trade receivables40 | - | €63,029 | €42,879 | €44,995 | €4,417 | ▼ 90.2% |
| Other amounts receivable41 | - | €10,597 | €5,771 | €1,999 | €1,711 | ▼ 14.4% |
| Current investments50/53 | - | - | - | - | €20,000 | - |
| Cash at bank and in hand54/58 | €48,294 | €15,964 | €14,966 | €17,493 | €356 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | €1,269 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178,091 | €246,428 | €187,048 | €160,134 | €93,975 | ▼ 41.3% |
| Equity10/15 | €38,852 | €31,946 | €26,109 | €34,483 | €13,055 | ▼ 62.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €26,397 | €19,546 | €13,709 | €22,083 | €18,383 | ▼ 16.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €17,686 | €11,849 | €22,083 | €18,383 | ▼ 16.8% |
| Profit (loss) carried forward14 | €55 | €0 | €0 | €0 | -€17,728 | - |
| Amounts payable17/49 | €139,239 | €214,482 | €160,939 | €125,651 | €80,920 | ▼ 35.6% |
| Amounts payable after more than one year17 | €103,420 | €123,582 | €99,068 | €73,585 | €32,097 | ▼ 56.4% |
| Financial debts170/4 | - | €123,582 | €99,068 | €73,585 | €32,097 | ▼ 56.4% |
| Amounts payable within one year42/48 | €35,819 | €90,900 | €61,872 | €52,065 | €47,797 | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €23,611 | €24,515 | €25,482 | €26,488 | ▲ 3.9% |
| Trade debts44 | €3,736 | €34,296 | €15,539 | €5,320 | €6,040 | ▲ 13.5% |
| Suppliers440/4 | - | €34,296 | €15,539 | €5,320 | €6,040 | ▲ 13.5% |
| Advances received on contracts in progress46 | - | €17,981 | €2,105 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €1,134 | €12,148 | €4,262 | €1,521 | ▼ 64.3% |
| Taxes450/3 | - | €1,134 | €8,748 | €4,262 | €1,521 | ▼ 64.3% |
| Remuneration and social security454/9 | - | - | €3,400 | €0 | - | - |
| Other amounts payable47/48 | - | €13,877 | €7,565 | €17,002 | €13,748 | ▼ 19.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,025 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,510 | -€6,906 | €999 | €19,233 | -€21,428 | ▼ 211% |
| + Depreciation and write-downs630 | €15,814 | €30,057 | €36,336 | €35,712 | €31,804 | ▼ 10.9% |
| Operating cash flow (approximation) | €18,324 | €23,151 | €37,335 | €54,945 | €10,376 | ▼ 81.1% |
| Investment in fixed assets (approximation) | - | -€84,711 | -€2,931 | -€7,925 | -€2,380 | ▲ 70.0% |
| Change in cash | - | -€32,330 | -€998 | €2,528 | -€17,138 | ▼ 778% |
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
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
30-06
Financial
Weakest financial yearnet -€21,428
Net result drops to -€21,428, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €19,233 ▲1,825%
Operating result €28,803, net result €19,233, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €999
Net result €999 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2006
Ground area
186 m²
Building footprint
146 m²
Volume, LiDAR
1,935 m³
Parcel 44802B1359/00F000, Flanders · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HIGH LEVEL
since 20062.156.819.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1359/00F000 | Flanders | 186 m² | 1 · 146 m² | 18.9 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,557 EUR awarded · 2,556 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 59 EUR | 171 EUR |
| 2024 | 1 | 113 EUR | 0 EUR |
| 2023 | 1 | 705 EUR | 705 EUR |
| 2022 | 1 | 1,680 EUR | 1,680 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 25,928 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
Founded14-09-2006
Fiscal year end30-06
Trade name NL
Beleaf powered by High Level
Activities, NACEBEL 2025
70200Business and other management consultancy
69209Other tax advisory services
Contact
Phone
0498/591624Gent
Scores and ratios are computed by Checked and are not a credit decision.