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HIGH SYSTEMS

Active
Private limited companyfounded 1996active for 30 yearsRue Haute 51, 1435 Mont-Saint-Guibert, BelgiumKBO/BCE: BE 0457.045.192

From the official registers: KBO 30 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HIGH SYSTEMS has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162,701 and a net result of €60,960. Equity has been shrinking by about 5.2% per year since 2018. Its solvency ranks better than 23% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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HIGH SYSTEMSActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Overview

Official details

KBO
Status
Active since 22-01-1996 Normal situation
Activity
General electrical installation work NACE 43211and 2 others
Establishment units
2.075.574.722 1435 Mont-Saint-Guibert, since 12-03-1996
2.377.190.777 6951 Nassogne, since 28-04-2025
Financial year end
31 December
Peppol
Reachable since 12-12-2025
Company details

Board and ownership

Board
  • Djoe CALLENSDaily manager
  • GLR INVESTDirector · since 01-01-2025 · permanent representative Lionel REUL
  • KEY-ROSDirector · since 01-01-2025 · permanent representative Sébastien BOURGYS
Shareholders
Board & ownership

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€627,590
▲ 40.4%
Turnover
≈ €1.4m
estimated
Profit
€60,960
▲ 126%
Equity
€162,701
▲ 59.9%
Total assets
€774,189
▲ 3.6%
Staff
6.8 FTE
▼ 4.2%
Filed on 18-06-2026, 43 days before the deadlineat the National Bank
Financials
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Equity €162,701 (21.0% of total assets)lowers riskSize: total assets €774,189Figures for financial year 2025 (filed on 18-06-2026)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 37% of micro companies in specialised construction (NACE 43)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 46+7
equity 21.0% of total assets
Liquidity 28+23
short-term debt 63.2% · cash 9.0%
Profitability 51+8
return on assets 7.9%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 2.1% 12-2024: 2.1%● unchanged vs 11-2024 01-2025: 2.1%● unchanged vs 12-2024 02-2025: 2.1%● unchanged vs 01-2025 03-2025: 2.1%● unchanged vs 02-2025 04-2025: 2.1%● unchanged vs 03-2025 05-2025: 2.3%▲ +0.2 percentage points vs 04-2025 06-2025: 2.3%● unchanged vs 05-2025 07-2025: 2.6%▲ +0.3 percentage points vs 06-2025 08-2025: 3.1%▲ +0.5 percentage points vs 07-2025 09-2025: 2.1%▼ -1.0 percentage point vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.1%● unchanged vs 04-2026 06-2026: 2.0%▼ -0.1 percentage points vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.8%▲ +0.8 percentage points vs 07-2026 09-2026: 3.4%▲ +0.6 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -3.2 percentage points vs 09-2026lowest value
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.97 (0.62 in 2024), below 1. Short-term debt is 63.2% and cash 9% of total assets. 79% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 23% of them on solvency, 17% on liquidity, 24% on profitability and 86% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €774,189
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Figures for financial year 2025 (filed on 18-06-2026)
NBB · annual accounts
raises risk · Equity €162,701 (21.0% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 23%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €162,701
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
5 days late
2023
19 days late
2022
17 days late
2021
114 days late
2020
30 days late
2019
55 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 August (4 of the last 5 accounts filed within 60 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 18-06-2026 at the NBB all 30 filings

Turnover
≈ €1.4m
Estimated: probably between €1.2m and €1.7m
EBIT margin
Not included in this filing
Net result
€60,960▲ 126%
2024 · €26,971
Working capital
-€16,394▲ 93.3%
2024 · -€244,277
In the rankings #3 oldest company in Mont-Saint-Guibert, Construction sector
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 79% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Operating result€122,143 2025 Net result€60,960 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€34,500--€16,264€17,683-€165,905€13,827-€120,672€68,222€122,143▲ 79.0%
Net result€21,790--€32,273-€12,437below the sector's middle half▲ 61.5%-€202,223below the sector's middle half▼ 1,526%-€16,530below the sector's middle half▲ 91.8%-€143,261below the sector's middle half▼ 767%€26,971within the sector's middle half€60,960above the sector's middle half▲ 126%
Equity€171,494-€139,221▼ 18.8%€126,784within the sector's middle half▼ 8.9%-€75,440below the sector's middle half€218,030within the sector's middle half€74,769within the sector's middle half▼ 65.7%€101,740within the sector's middle half▲ 36.1%€162,701above the sector's middle half▲ 59.9%
Total assets€565,239-€623,381▲ 10.3%€882,670within the sector's middle half▲ 41.6%€651,738within the sector's middle half▼ 26.2%€536,558within the sector's middle half▼ 17.7%€437,501above the sector's middle half▼ 18.5%€747,296within the sector's middle half▲ 70.8%€774,189above the sector's middle half▲ 3.6%
Debt€393,745-€484,161▲ 23.0%€755,886▲ 56.1%€727,178▼ 3.8%€318,529▼ 56.2%€362,732▲ 13.9%€645,555▲ 78.0%€611,488▼ 5.3%
Working capital€136,969-€104,022▼ 24.1%-€83,970below the sector's middle half-€269,681below the sector's middle half▼ 221%€71,077within the sector's middle half-€44,946below the sector's middle half-€244,277below the sector's middle half▼ 443%-€16,394below the sector's middle half▲ 93.3%
Solvency30.3%-22.3%▼ 8.0pp14.4%below the sector's middle half▼ 8.0pp-11.6%below the sector's middle half▼ 25.9pp40.6%within the sector's middle half▲ 52.2pp17.1%below the sector's middle half▼ 23.5pp13.6%below the sector's middle half▼ 3.5pp21.0%below the sector's middle half▲ 7.4pp
Current ratio1.72-1.37▼ 0.350.85below the sector's middle half▼ 0.520.53below the sector's middle half▼ 0.321.22within the sector's middle half▲ 0.690.88below the sector's middle half▼ 0.350.62below the sector's middle half▼ 0.250.97below the sector's middle half▲ 0.34
Return on assets (ROA)3.9%--5.2%▼ 9.0pp-1.4%below the sector's middle half▲ 3.8pp-31.0%below the sector's middle half▼ 29.6pp-3.1%below the sector's middle half▲ 27.9pp-32.7%below the sector's middle half▼ 29.7pp3.6%within the sector's middle half▲ 36.4pp7.9%within the sector's middle half▲ 4.3pp
Staff (FTE)7.4within the sector's middle half8.5within the sector's middle half▲ 14.9%8.1within the sector's middle half▼ 4.7%7.1within the sector's middle half6.8▼ 4.2%
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2023 Net result -767% on 2022. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €774,189
Fixed assets €300,983 ▼ 13.0%
Current assets €473,206 ▲ 17.9%
Equity and liabilities €774,189
Equity €162,701 ▲ 59.9%
Debt €611,488 ▼ 5.3%
Debt's share of the balance-sheet total falls from 86.4% to 79.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€168,177▲
2024 · €97,735
Cash flow
€106,995▲
2024 · €56,484
Quick ratio
0.71▲
2024 · 0.46
Debt to equity
3.76▼
2024 · 6.35
ROE
37.5%▲
2024 · 26.5%
Interest coverage
2.71▲
2024 · 2.38
Debt ≤ 1 year
€489,601▼
2024 · €645,555
Debt > 1 year
€121,330
Income taxes
€144▼
2024 · €477
Staff costs
€432,248▲
2024 · €339,981
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as HIGH SYSTEMS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €632,000 and €835,000, founded between 1993 and 1998.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
HIGH SYSTEMS Mont-Saint-Guibert1996€774,189€162,701€627,590€60,960-2025
ADL SECURITY Braine-l'Alleud1994€652,300€462,956€703,897€103,2917.42025
B et B Computer Solutions Wavre1994€632,036€255,226€597,086€181,427-2025
Thys technieken Putte1994€733,663€114,835€608,001€122,689-2025
ENTREPRISE WISSEM d'ELECTRICITE Ukkel1998€772,231€707,930€610,913€144,8236.62025
FDN Tremelo1995€835,223€551,363€682,801€179,6935.42025
DE GENDT GAVIN Londerzeel1993€757,449€305,102€567,358€16,6945.92025

They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 3,818 companies had the same profile as HIGH SYSTEMS has now. Two years later, 1.0% had gone bankrupt and 95.1% were still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
3.7% stopped otherwise
95.1% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of HIGH SYSTEMS itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 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 3,818 companies, not a prediction for HIGH SYSTEMS. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines

Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€747,296€774,189▲
Fixed assets21/28€346,018€300,983▼
Intangible fixed assets21€248,442€221,286▼
Tangible fixed assets22/27€96,576€77,697▼
Plant, machinery and equipment23€53,311€43,461▼
Furniture and vehicles24€12,754€9,250▼
Other tangible fixed assets26€30,511€24,986▼
Financial fixed assets28€1,000€2,000▲
Current assets29/58€401,278€473,206▲
Stocks and contracts in progress3€107,420€125,538▲
Stocks30/36€107,420€125,538▲
Amounts receivable within one year40/41€269,458€273,015▲
Trade receivables40€255,481€273,015▲
Other amounts receivable41€13,977€0▼
Current investments50/53€310€310=
Cash at bank and in hand54/58€17,959€69,794▲
Deferred charges and accrued income490/1€6,131€4,549▼
Equity and liabilities
Total equity and liabilities10/49€747,296€774,189▲
Equity10/15€101,740€162,701▲
Contributions10/11€328,750€328,750=
Reserves13€121,875€121,875=
Non-distributable reserves130/1€1,875€1,875=
Reserves not available under the articles1311€1,875€1,875=
Distributable reserves133€120,000€120,000=
Profit (loss) carried forward14-€348,885-€287,924▲
Amounts payable17/49€645,555€611,488▼
Amounts payable after more than one year17-€121,330
Financial debts170/4-€121,330
Amounts payable within one year42/48€645,555€489,601▼
Current portion of amounts payable after more than one year42-€59,496
Financial debts43-€43,188
Credit institutions430/8-€43,188
Trade debts44€504,205€234,460▼
Suppliers440/4€504,205€234,460▼
Taxes, remuneration and social security45€84,599€95,704▲
Taxes450/3€8,079€4,080▼
Remuneration and social security454/9€76,520€91,623▲
Other amounts payable47/48€56,752€56,752=
Accrued charges and deferred income492/3-€558
Income statement Code20242025
Remuneration, social security and pensions62€339,981€432,248▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29,513€46,035▲
Other operating charges640/8€9,140€27,165▲
Gross operating margin9900€446,855€627,590▲
Operating profit (loss)9901€68,222€122,143▲
Financial income75/76B€341€948▲
Recurring financial income75€341€948▲
Financial charges65/66B€41,114€61,987▲
Recurring financial charges65€41,114€61,987▲
Profit (loss) for the period before taxes9903€27,449€61,104▲
Income taxes67/77€477€144▼
Profit (loss) for the period9904€26,971€60,960▲
Profit (loss) for the period to be appropriated9905€26,971€60,960▲
Appropriation of the result
Profit (loss) to be appropriated9906-€348,885-€287,924▲
Profit (loss) brought forward from the previous period14P-€375,856-€348,885▲
Social balance sheet
Average headcount (FTE)90877.1-

The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€51,453----
Remuneration, social security and pensions62---€407,186€396,665€418,991€339,981€432,248▲ 27.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,421€28,527€33,529€54,990€35,634€33,069€29,513€46,035▲ 56.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€92,212--€372---
Other operating charges640/8---€24,737€1,707€4,216€9,140€27,165▲ 197%
Non-recurring operating charges66A---€8,407€18,061----
Gross operating margin9900€381,182€313,133€440,011€421,627€465,894€335,232€446,855€627,590▲ 40.4%
Operating profit (loss)9901€34,500-€16,264€17,683-€165,905€13,827-€120,672€68,222€122,143▲ 79.0%
Financial income75/76B---€2,640€214€1,213€341€948▲ 178%
Recurring financial income75€2,504€1,795€94€2,640€214€1,213€341€948▲ 178%
Financial charges65/66B---€38,958€30,248€23,603€41,114€61,987▲ 50.8%
Recurring financial charges65€14,817€17,805€30,285€38,958€30,248€23,603€41,114€61,987▲ 50.8%
Profit (loss) for the period before taxes9903€22,187-€32,273-€12,508-€202,223-€16,207-€143,062€27,449€61,104▲ 123%
Income taxes67/77€397--€71-€324€198€477€144▼ 69.9%
Profit (loss) for the period9904€21,790-€32,273-€12,437-€202,223-€16,530-€143,261€26,971€60,960▲ 126%
Profit (loss) for the period to be appropriated9905€21,790-€32,273-€12,437-€202,223-€16,530-€143,261€26,971€60,960▲ 126%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€565,239€623,381€882,670€651,738€536,558€437,501€747,296€774,189▲ 3.6%
Fixed assets21/28€238,122€238,796€390,971€344,759€146,953€119,715€346,018€300,983▼ 13.0%
Intangible fixed assets21€552€276--€9,245€7,395€248,442€221,286▼ 10.9%
Tangible fixed assets22/27€237,492€237,442€389,893€343,681€136,629€111,241€96,576€77,697▼ 19.5%
Land and buildings22---€172,550-----
Plant, machinery and equipment23---€117,160€91,681€69,930€53,311€43,461▼ 18.5%
Furniture and vehicles24---€5,712€2,010€5,061€12,754€9,250▼ 27.5%
Other tangible fixed assets26---€48,259€42,939€36,251€30,511€24,986▼ 18.1%
Financial fixed assets28€79€1,079€1,079€1,079€1,079€1,079€1,000€2,000▲ 100%
Current assets29/58€327,117€384,585€491,699€306,979€389,606€317,787€401,278€473,206▲ 17.9%
Amounts receivable after more than one year29---€67€67----
Trade receivables290---€67€67----
Stocks and contracts in progress3€58,376€63,809€69,986€69,228€83,119€84,603€107,420€125,538▲ 16.9%
Stocks30/36---€69,228€83,119€84,603€107,420€125,538▲ 16.9%
Amounts receivable within one year40/41€258,560€304,448€414,183€215,284€262,746€218,583€269,458€273,015▲ 1.3%
Trade receivables40---€203,901€251,363€205,495€255,481€273,015▲ 6.9%
Other amounts receivable41---€11,384€11,384€13,089€13,977€0▼ 100%
Current investments50/53€310€310€310€310€310€310€310€310=
Cash at bank and in hand54/58€256€8,745€2,580€20,881€40,619€4,448€17,959€69,794▲ 289%
Deferred charges and accrued income490/1---€1,209€2,745€9,842€6,131€4,549▼ 25.8%
Equity and liabilities
Total equity and liabilities10/49€565,239€623,381€882,670€651,738€536,558€437,501€747,296€774,189▲ 3.6%
Equity10/15€171,494€139,221€126,784-€75,440€218,030€74,769€101,740€162,701▲ 59.9%
Contributions10/11€18,750€18,750-€18,750€328,750€328,750€328,750€328,750=
Reserves13€121,875€121,875€121,875€121,875€121,875€121,875€121,875€121,875=
Non-distributable reserves130/1---€1,875€1,875€1,875€1,875€1,875=
Reserves not available under the articles1311---€1,875€1,875€1,875€1,875€1,875=
Distributable reserves133---€120,000€120,000€120,000€120,000€120,000=
Profit (loss) carried forward14€30,869-€1,404-€13,841-€216,065-€232,595-€375,856-€348,885-€287,924▲ 17.5%
Amounts payable17/49€393,745€484,161€755,886€727,178€318,529€362,732€645,555€611,488▼ 5.3%
Amounts payable after more than one year17€203,597€203,597€175,816€150,518---€121,330-
Financial debts170/4---€150,518---€121,330-
Amounts payable within one year42/48€190,148€280,564€575,669€576,660€318,529€362,732€645,555€489,601▼ 24.2%
Current portion of amounts payable after more than one year42---€25,297---€59,496-
Financial debts43---€60,955€50,912€0-€43,188-
Credit institutions430/8---€60,955€50,912€0-€43,188-
Trade debts44€64,818€124,369€199,937€165,562€138,614€186,922€504,205€234,460▼ 53.5%
Suppliers440/4---€165,562€138,614€186,922€504,205€234,460▼ 53.5%
Taxes, remuneration and social security45---€113,865€70,251€134,058€84,599€95,704▲ 13.1%
Taxes450/3---€13,882€4,665€422€8,079€4,080▼ 49.5%
Remuneration and social security454/9---€99,983€65,586€133,636€76,520€91,623▲ 19.7%
Other amounts payable47/48---€210,981€58,752€41,752€56,752€56,752=
Accrued charges and deferred income492/3-------€558-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€21,790-€32,273-€12,437-€202,223-€16,530-€143,261€26,971€60,960▲ 126%
+ Depreciation and write-downs630€23,421€28,527€33,529€54,990€35,634€33,069€29,513€46,035▲ 56.0%
Operating cash flow (approximation)€45,212-€3,747€21,092-€147,233€19,104-€110,192€56,484€106,995▲ 89.4%
Investment in fixed assets (approximation)--€29,201-€185,704-€8,779€162,173-€5,831-€255,816-€1,000▲ 99.6%
Change in cash-€8,489-€6,164€18,300€19,738-€36,171€13,511€51,834▲ 284%

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

Download as CSV

Latest 10 of 30 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 18-06-2026 2026-00173027 NBB
31-12-2024 full format 05-08-2025 2025-00357673 PDF
31-12-2023 micro format 19-08-2024 2024-00349746 PDF
31-12-2022 full format 17-08-2023 2023-00332691 PDF
31-12-2021 full format 22-11-2022 2022-20525604 PDF
31-12-2020 full format 30-08-2021 2021-59600343 PDF
31-12-2019 full format 24-09-2020 2020-55300336 PDF
31-12-2018 micro format 19-09-2019 2019-64800441 PDF
31-12-2017 full format 07-07-2018 2018-31100441 PDF
31-12-2016 full format 31-08-2017 2017-55800200 PDF

Show all 30 filings

Board & ownership

Directors

Directors
3 directors, 1 in day-to-day management, last change in 2025

Board 3

Djoe CALLENS
Director and daily management delegate · appointed in the act of 01-07-2024
Current
GLR INVEST
Director · since 01-01-2025 · Private limited company · permanent representative: Lionel REUL · listed in the 2025 annual accounts, filed on 18-06-2026
Current
KEY-ROS
Director · since 01-01-2025 · Private limited company · permanent representative: Sébastien BOURGYS · listed in the 2025 annual accounts, filed on 18-06-2026
Current

Day-to-day management 1

Djoe CALLENS
Director and daily management delegate · appointed in the act of 01-07-2024
Current
Permanent representatives 2
Lionel REUL
Permanent representative · appointed in the act of 07-07-2025 · for GLR INVEST
Current
Sébastien BOURGYS
Permanent representative · appointed in the act of 07-07-2025 · for KEY-ROS
Current
Office holders in the KBO →

Owners and capital

Shareholders

3 owners

Chain of control

  1. HIGH SECURITY 69.29%
  2. HIGH SYSTEMS

Owners 3

Capital transactions

Shareholders according to the deeds
  • HIGH SECURITY (BE 0891.255.893) 12,400 shares · €310,000 in kind
Capital over time
  1. 11-01-2023 Converted to unavailable equity · €20,625

The directors' other companies

2 current directors with another company that went bankrupt, was dissolved or struck off

1 other company of this director went bankrupt (2026).

1 other company of this director went bankrupt (2026).

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.

Mandate history

5 people, 3 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Djoe CALLENS
  • Director and daily management delegate, appointed in the act of 01-07-2024, still in office
  • Director and daily management delegate, appointed in the act of 01-07-2024, still in office
GLR INVEST
  • Director, from 01-01-2025 to date
KEY-ROS
  • Director, from 01-01-2025 to date
HIGH SECURITY
  • Director, appointed in the act of 01-07-2024, until 07-07-2025
Lionel REUL
  • Director, until 07-07-2025
See the board, name and registered office on a given date →

Articles of association

Board and representation

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Avec ou sans limitation durée, organe d'administration”

Capital, shares and profit

Membership ruleThe articles set who can become a member or partner, and on what terms.
“Dernier jour 6e mois, demission charge patrimoine”

Audit, dissolution and liquidation

Dissolution ruleThe articles set when and by whom the company can be dissolved.
“AG_formes_modification_statuts_tout_temps”

Articles of association, deed of 11-01-2023 (in French)

Network & group

Connections & network

6 connected companies
Depth
HARES IMMO, Shared corporate director HIHARES IMMOHARES INVEST, Shared corporate director HIHARES INVESTHIGH DRIVE, Shared corporate director · open bankruptcy HDHIGH DRIVEHIGH SECURITY SOLUTIONS, Shared corporate director HSHIGH SECURITYSOLUTIONSHIGH SERVICES, Shared corporate director HSHIGH SERVICESTRO4 CONSULT, Shared corporate director TCTRO4 CONSULTHIGH SYSTEMS HIGH SYSTEMS0457.045.192
Shared directorsOpen bankruptcy
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
HARES IMMO
Shared corporate director
→
HARES INVEST
Shared corporate director
→
HIGH DRIVE
Shared corporate director
→
HIGH SECURITY SOLUTIONS
Shared corporate director
→
Show 2 more companies with a shared director
HIGH SERVICES
Shared corporate director
→
TRO4 CONSULT
Shared corporate director
→

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
18-06
NBB filing Annual accounts filedNBB
financial year 2025 · micro format
2025
31-12
Financial Highest result from 2018 to 2025net €60,960 ▲126%
The operating result of €122,143 and the net result of €60,960 are both a record.
31-12
Financial Equity above €150,000equity €162,701 ▲59.9%
After 2 profitable years in a row, equity reaches €162,701.
05-08
NBB filing Annual accounts filedPDF
financial year 2024 · full format · 5 days late
07-07
Gazette deed Resignations: HIGH SECURITY (director) and Lionel REUL (director)
Appointments: GLR INVEST (director) and KEY-ROS (director) · Permanent representatives: Lionel REUL and Sébastien BOURGYS7 points ▸
  • General meeting, 01-01-2025
  • Director resignation, HIGH SECURITY (director)
  • Director resignation, Lionel REUL (director)
  • Director appointment, GLR INVEST (director)
  • Permanent representative, Lionel REUL
  • Director appointment, KEY-ROS (director)
  • Permanent representative, Sébastien BOURGYS

Open the act in the Belgian Official Gazette

2024
31-12
Financial Back to profitnet €26,971
The net result is €26,971, after 5 loss-making years.
31-12
Financial Equity above €100,000equity €101,740 ▲36.1%
Equity rises from €74,769 to €101,740.
19-08
NBB filing Annual accounts filedPDF
financial year 2023 · micro format · 19 days late
01-07
Gazette deed Appointments: Djoe CALLENS (director and daily management delegate) and HIGH SECURITY (director)
6 points ▸
  • General meeting, 01-06-2024
  • Director appointment, Djoe CALLENS (director and daily management delegate)
  • Director appointment, HIGH SECURITY (director)
  • Director in office, Lionel REUL (director)
  • Director in office, Bruno DEGUELDRE (director)
  • Other provision, “approbation du procès-verbal, ordre du jour épuisé, présent PV approuvé par l'assemblée” (deed in French)

Open the act in the Belgian Official Gazette

2023
17-08
NBB filing Annual accounts filedPDF
financial year 2022 · full format · 17 days late
11-01
Gazette deed Appointment: REUL Lionel (director)
Auditor report · Capital contribution · Legal form clause16 points ▸
  • General meeting, 29-12-2022
  • Auditor report, “unanimité, exemplaire deux rapports avec expédition procès-verbal greffe tribunal de l'entreprise compétent” (deed in French)
  • Capital contribution
  • Director appointment, REUL Lionel (director)
  • Capital contribution, €310,000
  • Other provision, “unanimité, soumission aux dispositions CSA” (deed in French)
  • Legal form clause, “forme la plus proche forme actuelle, société à responsabilité limitée” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Capital, €330,625
  • Other provision, “vote, unanimite” (deed in French), mentioned 6 times in the deed
  • Other provision, “modification statuts, compte capitaux propres indisponible” (deed in French)
  • Amendment of the articles
  • The act holds 4 more points.

Open the act in the Belgian Official Gazette

2022
31-12
Financial Liquidity more than doubledcurrent ratio 1.22
The current ratio rises from 0.53 to 1.22. Short-term debt falls from €576,660 to €318,529.
Show earlier events
31-12
Financial Equity above €200,000equity €218,030
Equity rises from -€75,440 to €218,030.
22-11
NBB filing Annual accounts filedPDF
financial year 2021 · full format · 114 days late
2021
31-12
Financial Weakest financial yearnet -€202,223
The net result drops to -€202,223, the lowest from 2018 to 2025. It recovers the following year.
30-08
NBB filing Annual accounts filedPDF
financial year 2020 · full format · 30 days late
2020
24-09
NBB filing Annual accounts filedPDF
financial year 2019 · full format · 55 days late
2019
19-09
NBB filing Annual accounts filedPDF
financial year 2018 · micro format · 50 days late
2018
07-07
NBB filing Annual accounts filedPDF
financial year 2017 · full format
2017
31-08
NBB filing Annual accounts filedPDF
financial year 2016 · full format · 31 days late

Show all 30 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

HIGH SYSTEMS was incorporated on 22 January 1996.1 Total assets rose from €565,239 in 2018 to €774,189 in 2025 and headcount from 7.4 full-time equivalents in 2020 to 6.8 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2020 and 2025

Company details

Register details

Identity

KBO record
Name HIGH SYSTEMS in French
Enterprise number 0457.045.192
Legal form Private limited company
Status Active, normale toestand
Founded 22-01-1996
Entity type Legal entity
Name clauseThe company operates under this name according to its articles.
HIGH SYSTEMS
deed of 11-01-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, organe_administration_RW_ou_region_francophone_sans_modification_langue”
deed of 11-01-2023 (in French)

Registered office and establishments

Registered office Rue Haute 51, 1435 Mont-Saint-Guibert, Belgium
Establishments 2 establishment units since 1996

Activities

NACEBEL 2025
43211 General electrical installation work main activity
43350 Other building finishing work
43990 Other specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“La fabrication et l’installation de systèmes de détection d’intrusion, de contrôle d’accès et de vidéosurveillance; La fabrication et…”
12 activities
  1. La fabrication et l’installation de systèmes de détection d’intrusion, de contrôle d’accès et de vidéosurveillance
  2. La fabrication et l’installation de serrurerie électrique et de systèmes de sécurité électronique
  3. La fabrication et l’installation de serrurerie et de menuiserie métallique
  4. L’installation de systèmes de détection d’incendie
  5. L’installation, le commerce de gros et en détail de matériel électrique, d’éclairage, de parlophonie, de vidéoparlophonie, de vidéophonie, de matériel radioélectrique et de matériel informatique
  6. La fabrication et l’installation de matériel de télécommunication, d’électronique industrielle et de matériel pour l’application des courants faibles
  7. La fabrication et l’installation de systèmes domotique et immotique
  8. La fabrication et l’installation d’éclairage, de force motrice et de téléphonie
  9. La fabrication et l’installation d’enseignes lumineuses
  10. La pose de tubes et canalisations diverses de longueur indéfinie
  11. L’entreprise d’installation de chauffage central à eau chaude et à vapeur
  12. Tous travaux d’isolation thermique et acoustique

The full purpose is in the deed

deed of 11-01-2023 (in French)

Invoicing and payment

VAT number BE 0457.045.192
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0457045192
Other Peppol ID 9925:BE0457045192
Registered 12-12-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0457.045.192

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 18:00
deed of 11-01-2023 (in French)

Recognitions · licences · registrations

Licences in the Official Gazette

1 publication
Security firm approval (alarm systems)
Renewed · decision 03-01-2017 · published on 20-04-2017 · Official Gazette

Sites & property

Location
registered office establishment All 2 establishment units on the map
6 companies at this address See who is registered here
2 establishment units
HIGH SYSTEMS
Rue Haute 51, 1435 Mont-Saint-GuibertGeneral electrical installation work
since 1996unit number 2.075.574.722
Route Nationale-4,Bande 31, 6951 Nassogne
General electrical installation work
since 2025unit number 2.377.190.777

Buildings and parcels at the addresses

Ground area
3,416 m²
Building footprint
1,233 m²
Building volume
1,785 m³
2 parcels, Wallonia · tallest building 10.9 m.
2 parcels
Wallonia 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
83018A1394/00X005 Wallonia 1,886 m² 1 · 992 m² -
25020B0239/00L002 Wallonia 1,530 m² 1 · 241 m² 10.9 m · 3

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