Summary
HIGH STANDARDS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €237,660 and a net result of €36,884. Equity remains stable across the filed financial years (±0.9% per year). Its solvency ranks better than 57% of 9,701 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€237,660▼ 13.1%
2024 · €273,510
Net result
€36,884▼ 35.3%
2024 · €56,975
Total assets
€401,805▲ 9.1%
2024 · €368,196
Solvency
59.1%▼ 15.1pp
2024 · 74.3%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 33% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€53,218
2025
Net result€36,884
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€401,805
2025
Equity€237,660
2025
Debt€164,145
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€86,701
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency59.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.53
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€45,355-€12,141▼ 73.2%€25,963▲ 114%€70,174▲ 170%€38,807▼ 44.7%€83,868▲ 116%€79,296▼ 5.5%€53,218▼ 32.9%
Net result€30,235-€6,993▼ 76.9%€18,147within the sector's middle half▲ 160%€49,594within the sector's middle half▲ 173%€26,575within the sector's middle half▼ 46.4%€60,546within the sector's middle half▲ 128%€56,975within the sector's middle half▼ 5.9%€36,884within the sector's middle half▼ 35.3%
Equity€223,714-€230,707▲ 3.1%€227,576within the sector's middle half▼ 1.4%€275,169within the sector's middle half▲ 20.9%€223,889within the sector's middle half▼ 18.6%€278,435within the sector's middle half▲ 24.4%€273,510within the sector's middle half▼ 1.8%€237,660within the sector's middle half▼ 13.1%
Total assets€325,925-€236,977▼ 27.3%€246,810within the sector's middle half▲ 4.1%€311,478within the sector's middle half▲ 26.2%€289,131below the sector's middle half▼ 7.2%€320,101below the sector's middle half▲ 10.7%€368,196below the sector's middle half▲ 15.0%€401,805within the sector's middle half▲ 9.1%
Debt€102,211-€6,270▼ 93.9%€19,234▲ 207%€36,308▲ 88.8%€65,242▲ 79.7%€41,665▼ 36.1%€94,686▲ 127%€164,145▲ 73.4%
Working capital€77,944-€86,241▲ 10.6%€84,872within the sector's middle half▼ 1.6%€108,571within the sector's middle half▲ 27.9%€74,354within the sector's middle half▼ 31.5%€109,091within the sector's middle half▲ 46.7%€117,415within the sector's middle half▲ 7.6%€86,701within the sector's middle half▼ 26.2%
Solvency68.6%-97.4%▲ 28.7pp92.2%above the sector's middle half▼ 5.1pp88.3%above the sector's middle half▼ 3.9pp77.4%above the sector's middle half▼ 10.9pp87.0%above the sector's middle half▲ 9.5pp74.3%within the sector's middle half▼ 12.7pp59.1%within the sector's middle half▼ 15.1pp
Current ratio1.80-14.76▲ 12.965.41above the sector's middle half▼ 9.343.99above the sector's middle half▼ 1.422.14within the sector's middle half▼ 1.853.65above the sector's middle half▲ 1.512.25within the sector's middle half▼ 1.401.53within the sector's middle half▼ 0.72
Return on assets (ROA)9.3%-3.0%▼ 6.3pp7.4%within the sector's middle half▲ 4.4pp15.9%within the sector's middle half▲ 8.6pp9.2%within the sector's middle half▼ 6.7pp18.9%above the sector's middle half▲ 9.7pp15.5%above the sector's middle half▼ 3.4pp9.2%within the sector's middle half▼ 6.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401,805
Fixed assets
€150,959 ▼ 3.6%
Current assets
€250,846 ▲ 18.6%
Equity and liabilities €401,805
Equity
€237,660 ▼ 13.1%
Debt
€164,145 ▲ 73.4%
Debt's share of the balance-sheet total rises from 25.7% to 40.9%. Equity is lower and debt is higher.
Key figures and ratios
ROE
15.5%▼
2024 · 20.8%
Debt ≤ 1 year
€164,145▲
2024 · €94,152
Income taxes
€16,760▼
2024 · €22,824
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,025 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,162 | €15,952 | €8,529 | €11,475 | €16,919 | €12,271 | €13,172 | €13,824 | ▲ 5.0% |
| Other operating charges640/8 | - | - | - | €4,970 | €2,530 | €4,621 | €4,097 | €3,672 | ▼ 10.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €3,665 | €0 | - | - |
| Gross operating margin9900 | €64,382 | €32,125 | €38,295 | €86,619 | €58,257 | €104,425 | €96,564 | €70,715 | ▼ 26.8% |
| Operating profit (loss)9901 | €45,355 | €12,141 | €25,963 | €70,174 | €38,807 | €83,868 | €79,296 | €53,218 | ▼ 32.9% |
| Financial income75/76B | - | - | - | - | €0 | €336 | €817 | €869 | ▲ 6.3% |
| Recurring financial income75 | €92 | €61 | €97 | - | €0 | €336 | €817 | €869 | ▲ 6.3% |
| Financial charges65/66B | - | - | - | €243 | €324 | €240 | €315 | €443 | ▲ 40.7% |
| Recurring financial charges65 | €4,658 | €198 | €225 | €243 | €324 | €240 | €315 | €443 | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | €40,790 | €12,003 | €25,836 | €69,931 | €38,484 | €83,964 | €79,798 | €53,644 | ▼ 32.8% |
| Income taxes67/77 | €10,555 | €5,011 | €7,689 | €20,337 | €11,909 | €23,418 | €22,824 | €16,760 | ▼ 26.6% |
| Profit (loss) for the period9904 | €30,235 | €6,993 | €18,147 | €49,594 | €26,575 | €60,546 | €56,975 | €36,884 | ▼ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €30,235 | €6,993 | €18,147 | €49,594 | €26,575 | €60,546 | €56,975 | €36,884 | ▼ 35.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €325,925 | €236,977 | €246,810 | €311,478 | €289,131 | €320,101 | €368,196 | €401,805 | ▲ 9.1% |
| Fixed assets21/28 | €150,372 | €144,466 | €142,704 | €166,598 | €149,679 | €169,800 | €156,629 | €150,959 | ▼ 3.6% |
| Tangible fixed assets22/27 | €150,122 | €144,216 | €142,454 | €166,348 | €149,429 | €169,550 | €156,379 | €150,709 | ▼ 3.6% |
| Land and buildings22 | - | - | - | €123,356 | €117,411 | €111,685 | €111,685 | €111,685 | = |
| Plant, machinery and equipment23 | - | - | - | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €42,992 | €32,017 | €57,865 | €44,693 | €39,024 | ▼ 12.7% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €175,554 | €92,511 | €104,106 | €144,880 | €139,452 | €150,300 | €211,567 | €250,846 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €52,000 | €44,667 | €30,514 | €47,455 | €17,028 | €16,347 | €19,790 | €19,554 | ▼ 1.2% |
| Trade receivables40 | - | - | - | €30,042 | €15,479 | €11,314 | €16,305 | €15,896 | ▼ 2.5% |
| Other amounts receivable41 | - | - | - | €17,413 | €1,548 | €5,034 | €3,486 | €3,658 | ▲ 4.9% |
| Current investments50/53 | - | - | - | - | - | €40,016 | €100,247 | €110,437 | ▲ 10.2% |
| Cash at bank and in hand54/58 | €121,921 | €46,298 | €72,925 | €96,495 | €119,480 | €91,694 | €80,451 | €118,254 | ▲ 47.0% |
| Deferred charges and accrued income490/1 | - | - | - | €930 | €2,945 | €2,243 | €11,078 | €2,601 | ▼ 76.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €325,925 | €236,977 | €246,810 | €311,478 | €289,131 | €320,101 | €368,196 | €401,805 | ▲ 9.1% |
| Equity10/15 | €223,714 | €230,707 | €227,576 | €275,169 | €223,889 | €278,435 | €273,510 | €237,660 | ▼ 13.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Revaluation surpluses12 | - | - | - | €10,504 | €10,504 | €10,504 | €10,504 | €10,504 | = |
| Reserves13 | €207,010 | €214,003 | €210,872 | €258,466 | €207,185 | €261,732 | €256,806 | €220,956 | ▼ 14.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €246 | €246 | €246 | €246 | €246 | = |
| Distributable reserves133 | - | - | - | €256,360 | €205,080 | €261,486 | €256,560 | €220,711 | ▼ 14.0% |
| Profit (loss) carried forward14 | - | -€11,232 | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €102,211 | €6,270 | €19,234 | €36,308 | €65,242 | €41,665 | €94,686 | €164,145 | ▲ 73.4% |
| Amounts payable within one year42/48 | €97,609 | €6,270 | €19,234 | €36,308 | €65,099 | €41,209 | €94,152 | €164,145 | ▲ 74.3% |
| Trade debts44 | €505 | €1,981 | €6,737 | €3,800 | €3,445 | €4,606 | €4,569 | €1,726 | ▼ 62.2% |
| Suppliers440/4 | - | - | - | €3,800 | €3,445 | €4,606 | €4,569 | €1,726 | ▼ 62.2% |
| Advances received on contracts in progress46 | - | - | - | €12,705 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €17,803 | €23,784 | €4,450 | €63,502 | €4,762 | ▼ 92.5% |
| Taxes450/3 | - | - | - | €17,803 | €23,784 | €4,450 | €4,696 | €4,762 | ▲ 1.4% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €58,806 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €2,000 | €37,870 | €32,153 | €26,081 | €157,658 | ▲ 504% |
| Accrued charges and deferred income492/3 | - | - | - | - | €143 | €456 | €535 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,235 | €6,993 | €18,147 | €49,594 | €26,575 | €60,546 | €56,975 | €36,884 | ▼ 35.3% |
| + Depreciation and write-downs630 | €15,162 | €15,952 | €8,529 | €11,475 | €16,919 | €12,271 | €13,172 | €13,824 | ▲ 5.0% |
| Operating cash flow (approximation) | €45,398 | €22,944 | €26,675 | €61,069 | €43,494 | €72,817 | €70,147 | €50,708 | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | -€10,045 | -€6,767 | -€35,369 | €0 | -€32,393 | €0 | -€8,155 | - |
| Change in cash | - | -€75,623 | €26,627 | €23,569 | €22,986 | -€27,786 | -€11,243 | €37,802 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00324738 |
| 31-12-2024 | abbreviated format | 04-07-2025 | 2025-00240949 |
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00266652 |
| 31-12-2022 | abbreviated format | 19-07-2023 | 2023-00249540 |
| 31-12-2021 | micro format | 24-08-2022 | 2022-20319489 |
| 31-12-2020 | micro format | 29-09-2021 | 2021-70400513 |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60500473 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-58200471 |
| 31-12-2017 | micro format | 28-08-2018 | 2018-57900437 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59000427 |
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Of the 24,462 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,971. 13,757 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €1,076 awarded · €1,402 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €750 | €1,076 |
| 2023 | 1 | €326 | €326 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.