Summary
Higher Level 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 €786k and a net result of €39k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 8023 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 9 filingsDeviation from the deadline
2025
24 d late
2024
44 d early
2023
14 d early
2022
7 d late
2021
39 d early
2020
15 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€786k▲ 5.2%
2024 · €747k
2018: €161k
2019: €267k
2020: €390k
2021: €504k
2022: €620k
2023: €706k
2024: €747k
2018 → 2025
Net result
€39k▼ 4.8%
2024 · €41k
2018: €83k
2019: €106k
2020: €123k
2021: €114k
2022: €115k
2023: €87k
2024: €41k
2018 → 2025
Total assets
€929k▲ 6.0%
2024 · €877k
2018: €856k
2019: €877k
2020: €870k
2021: €917k
2022: €1.00M
2023: €839k
2024: €877k
2018 → 2025
Solvency
84.6%▼ 0.7pp
2024 · 85.2%
2018: 18.9%
2019: 30.5%
2020: 44.8%
2021: 55.0%
2022: 61.7%
2023: 84.1%
2024: 85.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€504k-€620k▲ 22.9%€706k▲ 14.0%€747k▲ 5.8%€786k▲ 5.2%
Operating result€165k-€165k▼ 0.5%€127k▼ 22.7%€66k▼ 47.9%€64k▼ 3.7%
Net result€114k-€115k▲ 1.3%€87k▼ 25.0%€41k▼ 52.9%€39k▼ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 4% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €929k
Fixed assets
€820k ▼ 0.2%
Current assets
€110k ▲ 99.0%
Equity and liabilities €929k
Equity
€786k ▲ 5.2%
Debt
€143k ▲ 10.8%
Debt's share of the balance-sheet total rises from 14.8% to 15.4%. Equity and debt are higher.
Key figures and ratios
ROE
4.9%▼
2024 · 5.5%
ROA
4.2%▼
2024 · 4.7%
Debt ≤ 1 year
€143k▲
2024 · €129k
Income taxes
€11k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€877k€929k▲
Fixed assets21/28€821k€820k▼
Tangible fixed assets22/27€10k€9k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€302€87▼
Other tangible fixed assets26€8k€7k▼
Financial fixed assets28€811k€811k=
Current assets29/58€55k€110k▲
Amounts receivable within one year40/41€45k€106k▲
Trade receivables40€33k€102k▲
Other amounts receivable41€13k€4k▼
Cash at bank and in hand54/58€9k€2k▼
Deferred charges and accrued income490/1€466€1k▲
Equity and liabilities
Total equity and liabilities10/49€877k€929k▲
Equity10/15€747k€786k▲
Contributions10/11€79k€79k=
Reserves13€668k€707k▲
Distributable reserves133€668k€707k▲
Amounts payable17/49€129k€143k▲
Amounts payable within one year42/48€129k€143k▲
Current portion of amounts payable after more than one year42€4k€0▼
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€11k€26k▲
Taxes450/3€8k€19k▲
Remuneration and social security454/9€3k€6k▲
Other amounts payable47/48€112k€112k=
Income statement
Code20242025
Non-recurring operating income76A-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€503€610▲
Gross operating margin9900€69k€66k▼
Operating profit (loss)9901€66k€64k▼
Financial charges65/66B€14k€14k▼
Recurring financial charges65€14k€14k▼
Profit (loss) for the period before taxes9903€52k€50k▼
Income taxes67/77€12k€11k▼
Profit (loss) for the period9904€41k€39k▼
Profit (loss) for the period to be appropriated9905€41k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€39k▼
Transfer to equity691/2€41k€39k▼
To other reserves6921€41k€39k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €39k ▼4.8%
Net result drops to €39k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €500kEq €504k ▲29.2%
4 profitable years in a row build equity to €504k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €123k ▲16.4%
Net result €123k, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €267k ▲65.5%
2 profitable years in a row build equity to €267k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Arthur Borghijsstraat 732870 Puurs-Sint-AmandsGround area
823 m²
Building footprint
147 m²
Volume, LiDAR
629 m³
Parcel 12032C0164/00R000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Higher Level
since 20162.258.382.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12032C0164/00R000 | Flanders | 823 m² | 1 · 147 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Alphastone
BE 0630.751.705
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S'Jegers Management
BE 0685.695.374
Laakdal · Eq €786,320
A & D PROJECTS
BE 0877.935.419
Wetteren · Eq €785,408
TD HOLDING
BE 0848.753.463
Beauraing · Eq €785,383
HARDY
BE 0823.168.724
Assenede · Eq €785,186
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,183 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.