Equity
€27,101 from €57,520 in 2019
Equity fell by 53% in 6 years.
HIGHDROVE
Lifetime
10 annual accounts with figures on one time axispeak €36,149 (2019)
-€13,544▼ €28,929
lowest -€18,396 (2025)
-€18,396▼ €21,674
peak €57,520 (2019)
€27,101▼ 40.4%
€10,097▼ 82.1%
Board1 name since 2016
1 directorQUAGHEBEUR DAAN
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €15,384 to -€13,544Loss of €18,396Equity from €45,497 to €27,101Debts from €56,318 to €10,097
Key points
from the 2025 annual accountsFilings
10 annual accounts 9 late
The 2024 accounts came latest: 88 days after the end of the period.
Position in the sector
-€18,396
Lower net result than 90% of companies in advertising and market research. Sector median €14,755 · 8,616 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 41% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.1%▼ -0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +0.5 percentage points vs 07-2025
09-2025: 2.1%▲ +0.4 percentage points vs 08-2025
10-2025: 3.0%▲ +0.9 percentage points vs 09-2025highest value
11-2025: 1.0%▼ -2.0 percentage points vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 0.9%▼ -0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.6%▼ -0.3 percentage points vs 06-2026lowest value
08-2026: 1.0%▲ +0.4 percentage points vs 07-2026
09-2026: 2.5%▲ +1.5 percentage points vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 28 days late; 2 of the last 3 accounts late
Loss of €18,396 (financial year 2025)
Liquidity: current ratio 1.78
lowers risk
Size: total assets €37,198
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 73, micro). It does better than 71% of them on solvency, 72% on liquidity, 6% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 4,805 companies had the same profile as HIGHDROVE has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HIGHDROVE itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 4,805 companies, not a prediction for HIGHDROVE. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.78 (1.19 in 2024), above the usual 1.5. Short-term debt is 26.1% of total assets. 27.1% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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 · 10 filingsDeviation from the deadline
2025
28 days late
2024
88 days late
2023
79 days late
2022
21 days late
2021
68 days late
2020
9 days late
2019
69 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 52 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% 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 7 October (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0650858617
Registered office moved from Zemst to Glabbeek
New registered office: Tiensesteenweg 135, 3380 Glabbeek · Previous registered office: Lareveenstraat 31, 1980 Zemst · General meeting of 01-08-2023 · Gazette deed
Legal-form change · Resignations & appointments
Legal-form conversion: to private limited company · Board composition: QUAGHEBEUR Daan (director) · Gazette deed
First establishment
Tiensesteenweg 135, Glabbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HIGHDROVE Glabbeek | €37,198 | -€13,544 | 72.9% | - |
| Meet your Dreams Hoeilaart | €36,505 | -€7,837 | 47.2% | - |
| Greenlight Meise | €43,966 | -€38 | 57.8% | - |
| SMDG Sint-Genesius-Rode | €34,207 | €190 | 19.1% | - |
| BLOUKRANS MANAGEMENT & COMMUNICATIONS Schoten | €36,012 | -€1,039 | -84.2% | 0 |
| Claes Presentations Vorselaar | €40,989 | -€18,398 | 64.8% | - |
| BELGIUM DIVE - TECHNICAL & TRAVEL SERVICES Jabbeke | €34,191 | -€8,828 | 26.7% | - |
These companies have the same main activity as HIGHDROVE: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €34,200 and €44,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 30-03-2016Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 2 others
- Establishment unit
- 2.253.336.7243380 Glabbeek, since 01-04-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 17-04-2026
Insights on HIGHDROVE
HIGHDROVE files the micro format. That format states no turnover. The gross margin fell from €18,554 in 2016 to -€13,544 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HIGHDROVE
- What is the company number of HIGHDROVE?
- The company number of HIGHDROVE is 0650.858.617. The VAT number is the same number with BE in front: BE 0650.858.617.
- Where is HIGHDROVE based?
- The registered office is at Tiensesteenweg 135, 3380 Glabbeek.Company details
- What does HIGHDROVE do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of HIGHDROVE?
- HIGHDROVE is a private limited company (BV).
- When was HIGHDROVE founded?
- HIGHDROVE was founded on 30-03-2016.
- Is HIGHDROVE still active?
- Yes, HIGHDROVE is an active enterprise in the KBO register.
- What is the turnover of HIGHDROVE?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is HIGHDROVE profitable?
- In financial year 2025, HIGHDROVE made a loss of €18,396.
- Where can I find the annual accounts of HIGHDROVE?
- HIGHDROVE filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HIGHDROVE due?
- HIGHDROVE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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