High-SEA
ActiveSummary
High-SEA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389k and a net result of €58k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+4
Solvency78▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.74 in 2024; short-term debt: 47% and cash: 19.6% of total assets), and 47% of the assets are financed with debt.
Credit check for your own amount and term
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 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53%
Return on assets
7.9%
Age of the figures
9 mo
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
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
22 d late
2023
7 d early
2022
33 d early
2021
23 d early
2020
4 d early
2019
47 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€58k▲ 54.3%
2024 · €38k
2018: €6k
2019: €-12k▼ -279% vs 2018
2020: €30k▲ +359% vs 2019
2021: €103k▲ +242% vs 2020highest in 8 years
2022: €-12k▼ -112% vs 2021lowest in 8 years
2023: €43k▲ +444% vs 2022
2024: €38k▼ -11.8% vs 2023
2025: €58k▲ +54.3% vs 2024
2018 → 2025
Working capital
€359k▲ 6.2%
2024 · €338k
2018: €138k
2019: €133k▼ -4.0% vs 2018lowest in 8 years
2020: €185k▲ +39.4% vs 2019
2021: €290k▲ +56.8% vs 2020
2022: €276k▼ -4.9% vs 2021
2023: €301k▲ +9.2% vs 2022
2024: €338k▲ +12.2% vs 2023
2025: €359k▲ +6.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€282k-€270k▼ 4.4%€302k▲ 12.2%€337k▲ 11.4%€389k▲ 15.6%
2021: €282k
2022: €270k▼ -4.4% vs 2021lowest in 5 years
2023: €302k▲ +12.2% vs 2022
2024: €337k▲ +11.4% vs 2023
2025: €389k▲ +15.6% vs 2024highest in 5 years
Operating result€140k-€-12k€63k€58k▼ 8.2%€84k▲ 45.3%
2021: €140khighest in 5 years
2022: €-12k▼ -108% vs 2021lowest in 5 years
2023: €63k▲ +643% vs 2022
2024: €58k▼ -8.2% vs 2023
2025: €84k▲ +45.3% vs 2024
Net result€103k-€-12k€43k€38k▼ 11.8%€58k▲ 54.3%
2021: €103khighest in 5 years
2022: €-12k▼ -112% vs 2021lowest in 5 years
2023: €43k▲ +444% vs 2022
2024: €38k▼ -11.8% vs 2023
2025: €58k▲ +54.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €734k
Fixed assets
€30k ▲ 218%
Current assets
€704k ▼ 11.1%
Equity and liabilities €734k
Equity
€389k ▲ 15.6%
Debt
€345k ▼ 25.8%
Debt's share of the balance-sheet total falls from 58.0% to 47.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€93k▲
2024 · €61k
Cash flow
€68k▲
2024 · €41k
Current ratio
2.04▲
2024 · 1.74
Debt to equity
0.89▼
2024 · 1.38
ROE
14.9%▲
2024 · 11.1%
ROA
7.9%▲
2024 · 4.7%
Interest coverage
20.35▲
2024 · 16.04
Debt ≤ 1 year
€345k▼
2024 · €454k
Income taxes
€23k▲
2024 · €17k
Staff costs
€98k▼
2024 · €191k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€802k€734k▼
Fixed assets21/28€9k€30k▲
Tangible fixed assets22/27€4k€24k▲
Furniture and vehicles24€4k€24k▲
Financial fixed assets28€6k€6k=
Current assets29/58€792k€704k▼
Amounts receivable within one year40/41€573k€531k▼
Trade receivables40€543k€509k▼
Other amounts receivable41€30k€22k▼
Current investments50/53€18k€18k=
Cash at bank and in hand54/58€164k€144k▼
Deferred charges and accrued income490/1€38k€12k▼
Equity and liabilities
Total equity and liabilities10/49€802k€734k▼
Equity10/15€337k€389k▲
Contributions10/11€130k€130k=
Reserves13€91k€91k=
Non-distributable reserves130/1€18k€18k=
Own shares acquired1312€18k€18k=
Distributable reserves133€74k€74k=
Profit (loss) carried forward14€115k€168k▲
Amounts payable17/49€465k€345k▼
Amounts payable within one year42/48€454k€345k▼
Trade debts44€419k€304k▼
Suppliers440/4€419k€304k▼
Taxes, remuneration and social security45€32k€35k▲
Taxes450/3€11k€19k▲
Remuneration and social security454/9€21k€16k▼
Other amounts payable47/48€3k€5k▲
Accrued charges and deferred income492/3€11k€25▼
Income statement
Code20242025
Remuneration, social security and pensions62€191k€98k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€225€242▲
Gross operating margin9900€253k€192k▼
Operating profit (loss)9901€58k€84k▲
Financial income75/76B€673€1k▲
Recurring financial income75€673€1k▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€54k€81k▲
Income taxes67/77€17k€23k▲
Profit (loss) for the period9904€38k€58k▲
Profit (loss) for the period to be appropriated9905€38k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€118k€173k▲
Profit (loss) brought forward from the previous period14P€81k€115k▲
Profit to be distributed694/7€3k€5k▲
Employees696€3k€5k▲
Social balance
Average headcount (FTE)90872.41.4▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €56k | €127k | €246k | €191k | €98k | ▼ 49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €964 | €2k | €3k | €10k | ▲ 224% |
| Other operating charges640/8 | €938 | €954 | €1k | €1k | €1k | ▼ 13.8% |
| Non-recurring operating charges66A | - | - | €54 | €225 | €242 | ▲ 7.6% |
| Gross operating margin9900 | €198k | €118k | €312k | €253k | €192k | ▼ 24.0% |
| Operating profit (loss)9901 | €140k | €-12k | €63k | €58k | €84k | ▲ 45.3% |
| Financial income75/76B | €0 | €60 | €127 | €673 | €1k | ▲ 122% |
| Recurring financial income75 | €0 | €60 | €127 | €673 | €1k | ▲ 122% |
| Financial charges65/66B | €533 | €1k | €4k | €4k | €5k | ▲ 21.6% |
| Recurring financial charges65 | €533 | €1k | €4k | €4k | €5k | ▲ 21.6% |
| Profit (loss) for the period before taxes9903 | €139k | €-13k | €59k | €54k | €81k | ▲ 47.9% |
| Income taxes67/77 | €36k | €-167 | €17k | €17k | €23k | ▲ 33.7% |
| Profit (loss) for the period9904 | €103k | €-12k | €43k | €38k | €58k | ▲ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €103k | €-12k | €43k | €38k | €58k | ▲ 54.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €857k | €769k | €814k | €802k | €734k | ▼ 8.4% |
| Fixed assets21/28 | €1k | €4k | €13k | €9k | €30k | ▲ 218% |
| Tangible fixed assets22/27 | €1k | €4k | €7k | €4k | €24k | ▲ 549% |
| Furniture and vehicles24 | €1k | €4k | €7k | €4k | €24k | ▲ 549% |
| Financial fixed assets28 | €115 | €115 | €6k | €6k | €6k | = |
| Current assets29/58 | €856k | €765k | €801k | €792k | €704k | ▼ 11.1% |
| Amounts receivable within one year40/41 | €633k | €406k | €683k | €573k | €531k | ▼ 7.4% |
| Trade receivables40 | €633k | €378k | €655k | €543k | €509k | ▼ 6.2% |
| Other amounts receivable41 | €0 | €28k | €28k | €30k | €22k | ▼ 28.6% |
| Current investments50/53 | €57 | €57 | €57 | €18k | €18k | = |
| Cash at bank and in hand54/58 | €209k | €332k | €93k | €164k | €144k | ▼ 12.2% |
| Deferred charges and accrued income490/1 | €14k | €27k | €24k | €38k | €12k | ▼ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €857k | €769k | €814k | €802k | €734k | ▼ 8.4% |
| Equity10/15 | €282k | €270k | €302k | €337k | €389k | ▲ 15.6% |
| Contributions10/11 | €130k | €130k | €130k | €130k | €130k | = |
| Reserves13 | €91k | €91k | €91k | €91k | €91k | = |
| Non-distributable reserves130/1 | - | - | - | €18k | €18k | = |
| Own shares acquired1312 | - | - | - | €18k | €18k | = |
| Distributable reserves133 | €91k | €91k | €91k | €74k | €74k | = |
| Profit (loss) carried forward14 | €60k | €48k | €81k | €115k | €168k | ▲ 45.6% |
| Amounts payable17/49 | €575k | €499k | €511k | €465k | €345k | ▼ 25.8% |
| Amounts payable within one year42/48 | €565k | €488k | €500k | €454k | €345k | ▼ 24.1% |
| Trade debts44 | €522k | €458k | €471k | €419k | €304k | ▼ 27.3% |
| Suppliers440/4 | €522k | €458k | €471k | €419k | €304k | ▼ 27.3% |
| Taxes, remuneration and social security45 | €38k | €30k | €19k | €32k | €35k | ▲ 7.9% |
| Taxes450/3 | €32k | €11k | €504 | €11k | €19k | ▲ 64.7% |
| Remuneration and social security454/9 | €6k | €19k | €19k | €21k | €16k | ▼ 22.7% |
| Other amounts payable47/48 | €5k | €805 | €10k | €3k | €5k | ▲ 84.0% |
| Accrued charges and deferred income492/3 | €10k | €11k | €12k | €11k | €25 | ▼ 99.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103k | €-12k | €43k | €38k | €58k | ▲ 54.3% |
| + Depreciation and write-downs630 | €1k | €964 | €2k | €3k | €10k | ▲ 224% |
| Operating cash flow (approximation) | €105k | €-11k | €44k | €41k | €68k | ▲ 67.0% |
| Investment in fixed assets (approximation) | - | €-4k | €-10k | €0 | €-30k | - |
| Change in cash | - | €123k | €-238k | €71k | €-20k | ▼ 128% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €103k ▲242%
Operating result €140k, net result €103k, both a record.
31-12
Financial
Equity above €200kEq €282k ▲53.6%
2 profitable years in a row build equity to €282k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Equity above €150kEq €183k ▲35.2%
Equity rises from €136k to €183k.
Show earlier events
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 47 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Wavre · 1 establishment unit since 2008
Ground area
796 m²
Building footprint
128 m²
Volume, LiDAR
762 m³
Parcel 25772H0090/00R000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
High-SEA
since 20082.173.093.572
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0090/00R000 | Wallonia | 796 m² | 1 · 128 m² | 7.9 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.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,179 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
Founded09-09-2008
Fiscal year end31-12
Abbreviation FR
S4IC
Activities, NACEBEL 2025
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Contact
E-mail
ari@high-sea.beWavre
Scores and ratios are computed by Checked and are not a credit decision.