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HIGH-TECH SOLUTION

Active
Limited partnershipfounded 2013active for 13 yearsJutestraat 4, 8790 Waregem, BelgiumKBO/BCE: BE 0504.854.514
Summary

The computed 12-month bankruptcy probability of HIGH-TECH SOLUTION is 2.3% (moderate). For HIGH-TECH SOLUTION, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €158,746 and a net result of €57,953. Equity is growing by about 63% per year across the filed financial years. The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€221,376total assets 2022
Equity
€158,746
Profit
€57,953
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
2.3%
2022 figures too old to score
Structure
Accounts 808 days overdue0 of 2 deeds read
Signalsraises riskFigures for financial year 2022 (filed 28-08-2023)Latest accounts 28 days late; 2 of the last 3 lateTwo or more financial years not filedlowers riskLegal form: limited partnershipSize: total assets €221,376neutralFiled after the deadlineShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Financial strength, FY 2022 · tick = 2021
Strong
Solvency 97+13
equity 71.7% of total assets
Liquidity 48+4
short-term debt 28.3% · cash 7.3%
Profitability 100=
return on assets 26.2%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.8%lowest value 12-2024: 1.1%▲ +0.3 percentage points vs 11-2024 01-2025: 1.7%▲ +0.6 percentage points vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.9%▲ +0.2 percentage points vs 02-2025 04-2025: 1.8%▼ -0.1 percentage points vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 1.8%● unchanged vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 2.3%▲ +0.5 percentage points vs 12-2025 02-2026: 2.3%● unchanged vs 01-2026 03-2026: 2.3%● unchanged vs 02-2026highest value 04-2026: 2.3%● unchanged vs 03-2026highest value 05-2026: 2.3%● unchanged vs 04-2026highest value 06-2026: 2.3%● unchanged vs 05-2026highest value 07-2026: 2.3%● unchanged vs 06-2026highest value 08-2026: 2.3%● unchanged vs 07-2026 09-2026: 2.3%● unchanged vs 08-2026 10-2026: 2.3%● unchanged vs 09-2026
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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2022 (filed 28-08-2023)
NBB · annual accounts
raises risk · Latest accounts 28 days late; 2 of the last 3 late
NBB · filings
lowers risk · Legal form: limited partnership
KBO
lowers risk · Size: total assets €221,376
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filings
Position against the passed deadline
31-12-2023 year end31-07-2024 deadline17-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-08-2023, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
28 days late
2021
275 days late
2020
61 days late
2019
64 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 107 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2022 · micro…
  2. Annual accounts filedfinancial year 2021 · micro…
  3. Equity above €150,000equity €158,746 ▲57.5%

Financials · financial year 2022, micro format

2023 annual accounts not yet filed, deadline passed on 31 July 2024 Financial year closed on 31 December 2023; filing due at the latest 7 months after the close (Companies Code art. 3:10). 3 financial years without a filing since the last one filed. Source: NBB filings, as of 17 October 2026.

Turnover
€193,128▲ 161%
2020 · €74,086
EBIT margin
49.5%▲ 32.2pp
2020 · 17.4%
Net result
€57,953▼ 10.8%
2021 · €64,936
Working capital
€151,260▲ 68.8%
2021 · €89,605
Trend over the years

2018 to 2022, 5 financial years 2018 to 2022, 5 financial years

The operating result falls in 2022; 2022 is 27% below 2021.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€193,128 2021 Operating result€70,303 2022 Net result€57,953 2022

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

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022
Turnover€135,895-€94,841▼ 30.2%€74,086▼ 21.9%€193,128▲ 161%
Operating result-€7,736-€19,665€12,856▼ 34.6%€95,658▲ 644%€70,303▼ 26.5%
Net result-€13,208-€3,012€9,973▲ 231%€64,936▲ 551%€57,953▼ 10.8%
EBIT margin-5.7%-20.7%▲ 26.4pp17.4%▼ 3.4pp49.5%▲ 32.2pp
Equity€22,872-€25,883▲ 13.2%€35,857▲ 38.5%€100,793▲ 181%€158,746▲ 57.5%
Total assets€42,828-€52,259▲ 22.0%€64,655▲ 23.7%€172,025▲ 166%€221,376▲ 28.7%
Debt€19,956-€26,376▲ 32.2%€28,798▲ 9.2%€71,232▲ 147%€62,630▼ 12.1%
Working capital€5,116-€19,688▲ 285%€24,083▲ 22.3%€89,605▲ 272%€151,260▲ 68.8%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €221,376
Fixed assets €7,486 ▼ 33.1%
Current assets €213,890 ▲ 33.0%
Equity and liabilities €221,376
Equity €158,746 ▲ 57.5%
Debt €62,630 ▼ 12.1%
Debt's share of the balance-sheet total falls from 41.4% to 28.3%. Equity is higher and debt is lower.
Key figures and ratios
2022 value · change against 2021
EBITDA
€74,643▼
2021 · €101,177
Cash flow
€62,293▼
2021 · €70,455
Current ratio
3.42▲
2021 · 2.26
Debt to equity
0.39▼
2021 · 0.71
ROE
36.5%▼
2021 · 64.4%
ROA
26.2%▼
2021 · 37.7%
Interest coverage
40.41▼
2021 · over 100
Debt ≤ 1 year
€62,630▼
2021 · €71,232
Income taxes
€20,134▼
2021 · €33,991
Staff costs
€101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 44 lines
Balance sheet Code20212022
Assets
Total assets20/58€172,025€221,376▲
Fixed assets21/28€11,187€7,486▼
Tangible fixed assets22/27€11,187€7,486▼
Plant, machinery and equipment23-€1,818
Furniture and vehicles24€11,187€5,668▼
Current assets29/58€160,837€213,890▲
Amounts receivable within one year40/41€140,995€196,797▲
Trade receivables40€36,946€21,677▼
Other amounts receivable41€104,049€175,121▲
Cash at bank and in hand54/58€18,395€16,207▼
Deferred charges and accrued income490/1€1,447€886▼
Equity and liabilities
Total equity and liabilities10/49€172,025€221,376▲
Equity10/15€100,793€158,746▲
Contributions10/11€10,000€10,000=
Reserves13€10,038€10,038=
Non-distributable reserves130/1€10,038€10,038=
Reserves not available under the articles1311€10,038€10,038=
Profit (loss) carried forward14€80,754€138,708▲
Amounts payable17/49€71,232€62,630▼
Amounts payable within one year42/48€71,232€62,630▼
Financial debts43€1,749€1,178▼
Credit institutions430/8€1,749€1,178▼
Trade debts44€7,812€5,817▼
Suppliers440/4€7,812€5,817▼
Taxes, remuneration and social security45€61,671€55,634▼
Taxes450/3€61,671€55,634▼
Other amounts payable47/48€0€0▼
Income statement Code20212022
Turnover70€193,128-
Goods, raw materials, services and sundry goods60/61€93,661-
Remuneration, social security and pensions62-€101
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,519€4,339▼
Other operating charges640/8€9,263€2,065▼
Gross operating margin9900€110,439€76,808▼
Operating profit (loss)9901€95,658€70,303▼
Financial income75/76B€4,177€9,632▲
Recurring financial income75€4,177€9,632▲
Financial charges65/66B€908€1,847▲
Recurring financial charges65€908€1,847▲
Profit (loss) for the period before taxes9903€98,927€78,088▼
Income taxes67/77€33,991€20,134▼
Profit (loss) for the period9904€64,936€57,953▼
Profit (loss) for the period to be appropriated9905€64,936€57,953▼
Appropriation of the result
Profit (loss) to be appropriated9906€80,754€138,708▲
Profit (loss) brought forward from the previous period14P€15,818€80,754▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022Change
Turnover70€135,895€94,841€74,086€193,128--
Goods, raw materials, services and sundry goods60/61---€93,661--
Remuneration, social security and pensions62----€101-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,465€4,632€4,298€5,519€4,339▼ 21.4%
Other operating charges640/8---€9,263€2,065▼ 77.7%
Gross operating margin9900€8,341€29,083€20,758€110,439€76,808▼ 30.5%
Operating profit (loss)9901-€7,736€19,665€12,856€95,658€70,303▼ 26.5%
Financial income75/76B---€4,177€9,632▲ 131%
Recurring financial income75€1,149€904€2,208€4,177€9,632▲ 131%
Financial charges65/66B---€908€1,847▲ 104%
Recurring financial charges65€1,525€1,126€1,117€908€1,847▲ 104%
Profit (loss) for the period before taxes9903-€8,112€19,444€13,947€98,927€78,088▼ 21.1%
Income taxes67/77€5,096€16,432€3,974€33,991€20,134▼ 40.8%
Profit (loss) for the period9904-€13,208€3,012€9,973€64,936€57,953▼ 10.8%
Profit (loss) for the period to be appropriated9905-€13,208€3,012€9,973€64,936€57,953▼ 10.8%
Line20182019202020212022Change
Assets
Total assets20/58€42,828€52,259€64,655€172,025€221,376▲ 28.7%
Fixed assets21/28€17,756€6,196€11,774€11,187€7,486▼ 33.1%
Tangible fixed assets22/27€17,756€6,196€11,774€11,187€7,486▼ 33.1%
Plant, machinery and equipment23----€1,818-
Furniture and vehicles24---€11,187€5,668▼ 49.3%
Current assets29/58€25,072€46,064€52,881€160,837€213,890▲ 33.0%
Amounts receivable within one year40/41€14,902€44,753€46,105€140,995€196,797▲ 39.6%
Trade receivables40---€36,946€21,677▼ 41.3%
Other amounts receivable41---€104,049€175,121▲ 68.3%
Cash at bank and in hand54/58€7,031-€6,776€18,395€16,207▼ 11.9%
Deferred charges and accrued income490/1---€1,447€886▼ 38.8%
Equity and liabilities
Total equity and liabilities10/49€42,828€52,259€64,655€172,025€221,376▲ 28.7%
Equity10/15€22,872€25,883€35,857€100,793€158,746▲ 57.5%
Contributions10/11€10,000€10,000-€10,000€10,000=
Reserves13€10,038€10,038€10,038€10,038€10,038=
Non-distributable reserves130/1---€10,038€10,038=
Reserves not available under the articles1311---€10,038€10,038=
Profit (loss) carried forward14€2,833€5,845€15,818€80,754€138,708▲ 71.8%
Amounts payable17/49€19,956€26,376€28,798€71,232€62,630▼ 12.1%
Amounts payable within one year42/48€19,956€26,376€28,798€71,232€62,630▼ 12.1%
Financial debts43---€1,749€1,178▼ 32.6%
Credit institutions430/8---€1,749€1,178▼ 32.6%
Trade debts44€815€2,708€1,864€7,812€5,817▼ 25.5%
Suppliers440/4---€7,812€5,817▼ 25.5%
Taxes, remuneration and social security45---€61,671€55,634▼ 9.8%
Taxes450/3---€61,671€55,634▼ 9.8%
Other amounts payable47/48---€0€0▼ 100%
Line20182019202020212022Change
Profit (loss) for the period9904-€13,208€3,012€9,973€64,936€57,953▼ 10.8%
+ Depreciation and write-downs630€11,465€4,632€4,298€5,519€4,339▼ 21.4%
Operating cash flow (approximation)-€1,743€7,644€14,271€70,455€62,293▼ 11.6%
Investment in fixed assets (approximation)-€6,928-€9,876-€4,932-€638▲ 87.1%
Change in cash---€11,619-€2,188-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference
31-12-2022 micro format 28-08-2023 2023-00359892
31-12-2021 micro format 02-05-2023 2023-00073764
31-12-2020 micro format 30-09-2021 2021-70500458
31-12-2019 micro format 03-10-2020 2020-59000319
31-12-2018 micro format 28-08-2019 2019-54200042
31-12-2017 micro format 09-07-2018 2018-31200515
31-12-2016 micro format 04-07-2017 2017-27600375
31-12-2015 abbreviated format 13-07-2016 2016-31600020

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 1 February 2013, HIGH-TECH SOLUTION was incorporated.1 Turnover went from €135,895 in 2018 to €193,128 in 2021.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2021

Acts, filings and financial milestones

2023
28-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 28 days late
02-05
NBB filing Annual accounts filed
financial year 2021 · micro format · 275 days late
2022
31-12
Financial Equity above €150,000equity €158,746 ▲57.5%
4 profitable years in a row build equity to €158,746.
2021
31-12
Financial Highest result from 2018 to 2022net €64,936 ▲551%
Operating result €95,658, net result €64,936, both a record.
31-12
Financial Equity above €100,000equity €100,793 ▲181%
3 profitable years in a row build equity to €100,793.
30-09
NBB filing Annual accounts filed
financial year 2020 · micro format · 61 days late
2020
03-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 64 days late
2019
31-12
Financial Back to profitnet €3,012
Net result €3,012 after one loss-making year.
28-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 28 days late
2018
09-07
NBB filing Annual accounts filed
financial year 2017 · micro format
2017
04-07
NBB filing Annual accounts filed
financial year 2016 · micro format
2016
13-07
NBB filing Annual accounts filed
financial year 2015 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official 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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Register details

Identification
Legal formLimited partnership
Founded01-02-2013
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

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Register as of 17 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2013
registered office establishment The establishment unit on the map
Ground area
811 m²
Building footprint
292 m²
Building volume
994 m³
2 parcels, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
HIGH-TECH SOLUTION
Repair and maintenance of machinery
since 2013unit no. 2.216.934.010
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
34452A0054/00P000 Flanders 570 m² 1 · 207 m² 4.6 m · 1
34452A0055/00K002 Flanders 241 m² 1 · 85 m² 5.5 m · 1
How the parcels are linked
Good to know
Both parcels match the address exactly.