HIGH SYSTEMS

Active

Private limited companyfounded 199630 yrs activeRue Haute 51, 1435 Mont-Saint-Guibert, BelgiumKBO/BCE: BE 0457.045.192

HIGH SYSTEMS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €102k and a net result of €27k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 3571 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Watch Print / PDF

Checked score

Score 2024

46 / 100

Fair▲ +39 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency12▼-8

Growth58▲+26

Stability100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.62 against 0.88 in 2023), and 86.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 3571 sector peers (2024).

NBB · sector comparison

Position among 3571 sector peers

Solvency

better than 15%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

5 d late

2023

19 d late

2022

17 d late

2021

114 d late

2020

30 d late

2019

55 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€27k

2023 · €-143k

2018: €22k 2019: €-32k 2020: €-12k 2021: €-202k 2022: €-17k 2023: €-143k

2018 → 2024

Working capital

€-244k▼ 443%

2023 · €-45k

2018: €137k 2019: €104k 2020: €-84k 2021: €-270k 2022: €71k 2023: €-45k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€127k-€-75k€218k€75k▼ 65.7%€102k▲ 36.1%

Operating result€18k-€-166k€14k€-121k€68k

Net result€-12k-€-202k▼ 1,526%€-17k▲ 91.8%€-143k▼ 767%€27k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €68k after a loss of €121k in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €747k

46.3%

53.7%

Fixed assets €346k▲ 189%

Current assets €401k▲ 26.3%

Equity and liabilities €747k

13.6%

86.4%

Equity €102k▲ 36.1%

Debt €646k▲ 78.0%

The debt ratio rises from 82.9% to 86.4%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€98k▲

2023 · €-88k

Cash flow

€56k▲

2023 · €-110k

Solvency

13.6%▼

2023 · 17.1%

Current ratio

0.62▼

2023 · 0.88

Quick ratio

0.46▼

2023 · 0.64

Debt / equity

6.35▲

2023 · 4.85

ROE

26.5%▲

2023 · -191.6%

ROA

3.6%▲

2023 · -32.7%

Interest coverage

2.38▲

2023 · -3.71

Debt

€646k▲

2023 · €363k

Debt ≤ 1 year

€646k▲

2023 · €363k

Income taxes

€477▲

2023 · €198

Staff costs

€340k▼

2023 · €419k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€438k€747k▲

Fixed assets21/28€120k€346k▲

Intangible fixed assets21€7k€248k▲

Tangible fixed assets22/27€111k€97k▼

Plant, machinery and equipment23€70k€53k▼

Furniture and vehicles24€5k€13k▲

Other tangible fixed assets26€36k€31k▼

Financial fixed assets28€1k€1k▼

Current assets29/58€318k€401k▲

Stocks and contracts in progress3€85k€107k▲

Stocks30/36€85k€107k▲

Amounts receivable within one year40/41€219k€269k▲

Trade receivables40€205k€255k▲

Other amounts receivable41€13k€14k▲

Current investments50/53€310€310=

Cash at bank and in hand54/58€4k€18k▲

Deferred charges and accrued income490/1€10k€6k▼

Equity and liabilities

Total equity and liabilities10/49€438k€747k▲

Equity10/15€75k€102k▲

Contributions10/11€329k€329k=

Reserves13€122k€122k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€120k€120k=

Profit (loss) carried forward14€-376k€-349k▲

Amounts payable17/49€363k€646k▲

Amounts payable within one year42/48€363k€646k▲

Financial debts43€0-

Credit institutions430/8€0-

Trade debts44€187k€504k▲

Suppliers440/4€187k€504k▲

Taxes, remuneration and social security45€134k€85k▼

Taxes450/3€422€8k▲

Remuneration and social security454/9€134k€77k▼

Other amounts payable47/48€42k€57k▲

Income statement Code20232024

Remuneration, social security and pensions62€419k€340k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€30k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-372-

Other operating charges640/8€4k€9k▲

Gross operating margin9900€335k€447k▲

Operating profit (loss)9901€-121k€68k▲

Financial income75/76B€1k€341▼

Recurring financial income75€1k€341▼

Financial charges65/66B€24k€41k▲

Recurring financial charges65€24k€41k▲

Profit (loss) for the period before taxes9903€-143k€27k▲

Income taxes67/77€198€477▲

Profit (loss) for the period9904€-143k€27k▲

Profit (loss) for the period to be appropriated9905€-143k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-376k€-349k▲

Profit (loss) brought forward from the previous period14P€-233k€-376k▼

Social balance

Average headcount (FTE)9087-7.1

The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

05-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 5 days late

2024

31-12

Financial Back to profitnet €27k

Net result €27k after 5 loss-making years.

31-12

Financial Equity above €100kEq €102k ▲36.1%

Equity rises from €75k to €102k.

19-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

2023

17-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 17 days late

2022

31-12

Financial Liquidity doublescurrent ratio 1.22

Current ratio from 0.53 to 1.22; short-term debt falls from €577k to €319k.

31-12

Financial Equity above €200kEq €218k

Equity rises from €-75k to €218k.

22-11

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 114 days late

2021

31-12

Financial Weakest financial yearnet €-202k

Net result drops to €-202k, the lowest in the series; recovery starts the following year.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 30 days late

2020

24-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 55 days late

2019

19-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 50 days late

2018

07-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

2016

23-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 23 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 9 acts read

About the unread acts

We know of 9 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

6 directors, last change in 2025

SRL GLR INVEST

Director · since 01-01-2025 · Legal entity

Current

SRL KEY-ROS

Director · since 01-01-2025 · Legal entity

Current

Djoe CALLENS

Director · since 01-06-2024

Current

HIGH SECURITY

Director · since 01-06-2024 · Legal entity

Current

01-01-2025 SRL GLR INVEST: Appointed as Director

01-01-2025 SRL KEY-ROS: Appointed as Director

01-01-2025 Lionel REUL: Resigned as Director

01-06-2024 Djoe CALLENS: Appointed as Director

01-06-2024 HIGH SECURITY: Appointed as Director

06-04-2022 Olivier VAN DEN BOSCH: Resigned as Director

Not every act has been read: a resignation may be missing here

9 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Mont-Saint-Guibert · 2 establishment units since 1996

exact location from the address register On OpenStreetMap

Ground area

3,416 m²

Building footprint

1,233 m²

Volume, LiDAR

1,785 m³

2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

HIGH SYSTEMS