Summary
HigherGrounds 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 €2,000 and a net result of €65,503. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8211 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 06-05-2026, 86 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
86 d early
2024
31 d early
2023
30 d early
2022
35 d early
2021
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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. Usually files around 26 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,000▼ 96.5%
2024 · €57,140
Net result
€65,503▲ 18.8%
2024 · €55,140
Total assets
€95,758▼ 27.7%
2024 · €132,364
Solvency
2.1%▼ 41.1pp
2024 · 43.2%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,524-€44,731▲ 25.9%€54,375▲ 21.6%€76,811▲ 41.3%€82,373▲ 7.2%
Net result€28,016within the sector's middle half-€35,222within the sector's middle half▲ 25.7%€41,717within the sector's middle half▲ 18.4%€55,140within the sector's middle half▲ 32.2%€65,503within the sector's middle half▲ 18.8%
Equity€30,016below the sector's middle half-€65,238within the sector's middle half▲ 117%€106,955within the sector's middle half▲ 63.9%€57,140within the sector's middle half▼ 46.6%€2,000below the sector's middle half▼ 96.5%
Total assets€53,657below the sector's middle half-€89,428below the sector's middle half▲ 66.7%€141,360within the sector's middle half▲ 58.1%€132,364within the sector's middle half▼ 6.4%€95,758below the sector's middle half▼ 27.7%
Debt€23,641-€24,190▲ 2.3%€34,404▲ 42.2%€75,224▲ 119%€93,758▲ 24.6%
Working capital€23,414within the sector's middle half-€37,081within the sector's middle half▲ 58.4%€51,996within the sector's middle half▲ 40.2%-€2,416within the sector's middle half-€67,944below the sector's middle half▼ 2,712%
Solvency55.9%within the sector's middle half-73.0%within the sector's middle half▲ 17.0pp75.7%within the sector's middle half▲ 2.7pp43.2%within the sector's middle half▼ 32.5pp2.1%below the sector's middle half▼ 41.1pp
Current ratio1.99within the sector's middle half-2.53within the sector's middle half▲ 0.543.57within the sector's middle half▲ 1.040.96within the sector's middle half▼ 2.600.28below the sector's middle half▼ 0.69
Return on assets (ROA)52.2%above the sector's middle half-39.4%above the sector's middle half▼ 12.8pp29.5%above the sector's middle half▼ 9.9pp41.7%above the sector's middle half▲ 12.1pp68.4%above the sector's middle half▲ 26.7pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,758
Fixed assets
€69,944 ▲ 4.3%
Current assets
€25,814 ▼ 60.5%
Equity and liabilities €95,758
Equity
€2,000 ▼ 96.5%
Debt
€93,758 ▲ 24.6%
Debt's share of the balance-sheet total rises from 56.8% to 97.9%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€93,758▲
2024 · €67,705
Income taxes
€21,390▲
2024 · €21,061
A ratio outside any meaningful range has been withheld (balance sheet total €95,758, equity €2,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €975 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €31 | €141 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,218 | €2,665 | €3,204 | €2,866 | €3,286 | ▲ 14.6% |
| Other operating charges640/8 | €1,112 | €249 | €1,032 | €935 | €2,084 | ▲ 123% |
| Gross operating margin9900 | €37,854 | €47,675 | €58,752 | €80,612 | €87,742 | ▲ 8.8% |
| Operating profit (loss)9901 | €35,524 | €44,731 | €54,375 | €76,811 | €82,373 | ▲ 7.2% |
| Financial income75/76B | €0 | €2 | €1 | €7 | €5,189 | ▲ 77,344% |
| Recurring financial income75 | €0 | €2 | €1 | €7 | €5,189 | ▲ 77,344% |
| Financial charges65/66B | €42 | €149 | €996 | €617 | €668 | ▲ 8.2% |
| Recurring financial charges65 | €42 | €149 | €996 | €617 | €668 | ▲ 8.2% |
| Profit (loss) for the period before taxes9903 | €35,482 | €44,584 | €53,380 | €76,201 | €86,894 | ▲ 14.0% |
| Income taxes67/77 | €7,465 | €9,362 | €11,663 | €21,061 | €21,390 | ▲ 1.6% |
| Profit (loss) for the period9904 | €28,016 | €35,222 | €41,717 | €55,140 | €65,503 | ▲ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €28,016 | €35,222 | €41,717 | €55,140 | €65,503 | ▲ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,657 | €89,428 | €141,360 | €132,364 | €95,758 | ▼ 27.7% |
| Fixed assets21/28 | €6,602 | €28,158 | €69,115 | €67,074 | €69,944 | ▲ 4.3% |
| Tangible fixed assets22/27 | €6,602 | €9,498 | €6,293 | €4,252 | €7,122 | ▲ 67.5% |
| Plant, machinery and equipment23 | €1,429 | €1,483 | €718 | €769 | - | - |
| Furniture and vehicles24 | €5,173 | €6,244 | €3,984 | €2,072 | €5,890 | ▲ 184% |
| Other tangible fixed assets26 | - | €1,771 | €1,591 | €1,411 | €1,232 | ▼ 12.7% |
| Financial fixed assets28 | - | €18,660 | €62,822 | €62,822 | €62,822 | = |
| Current assets29/58 | €47,055 | €61,271 | €72,245 | €65,289 | €25,814 | ▼ 60.5% |
| Amounts receivable within one year40/41 | €18,800 | €28,482 | €14,959 | €15,985 | €16,903 | ▲ 5.7% |
| Trade receivables40 | €18,800 | €21,017 | €14,959 | €15,985 | €16,420 | ▲ 2.7% |
| Other amounts receivable41 | - | €7,465 | - | - | €483 | - |
| Current investments50/53 | - | €4,503 | €17,803 | €14,027 | €1,368 | ▼ 90.2% |
| Cash at bank and in hand54/58 | €28,254 | €28,286 | €39,483 | €35,277 | €7,543 | ▼ 78.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,657 | €89,428 | €141,360 | €132,364 | €95,758 | ▼ 27.7% |
| Equity10/15 | €30,016 | €65,238 | €106,955 | €57,140 | €2,000 | ▼ 96.5% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €28,016 | €63,238 | €104,955 | €55,140 | - | - |
| Amounts payable17/49 | €23,641 | €24,190 | €34,404 | €75,224 | €93,758 | ▲ 24.6% |
| Amounts payable after more than one year17 | - | - | €14,156 | €7,519 | - | - |
| Financial debts170/4 | - | - | €14,156 | €7,519 | - | - |
| Amounts payable within one year42/48 | €23,641 | €24,190 | €20,248 | €67,705 | €93,758 | ▲ 38.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €8,035 | - |
| Trade debts44 | €9,370 | €3,158 | €1,004 | €2,001 | €4,569 | ▲ 128% |
| Suppliers440/4 | €9,370 | €3,158 | €1,004 | €2,001 | €4,569 | ▲ 128% |
| Taxes, remuneration and social security45 | €9,711 | €16,934 | €15,636 | €26,296 | €14,618 | ▼ 44.4% |
| Taxes450/3 | €9,711 | €15,134 | €15,636 | €26,296 | €14,618 | ▼ 44.4% |
| Remuneration and social security454/9 | - | €1,800 | - | - | - | - |
| Other amounts payable47/48 | €4,560 | €4,098 | €3,608 | €39,408 | €66,536 | ▲ 68.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,016 | €35,222 | €41,717 | €55,140 | €65,503 | ▲ 18.8% |
| + Depreciation and write-downs630 | €1,218 | €2,665 | €3,204 | €2,866 | €3,286 | ▲ 14.6% |
| Operating cash flow (approximation) | €29,234 | €37,886 | €44,921 | €58,006 | €68,789 | ▲ 18.6% |
| Investment in fixed assets (approximation) | - | -€24,220 | -€44,162 | -€826 | -€6,155 | ▼ 646% |
| Change in cash | - | €31 | €11,197 | -€4,206 | -€27,734 | ▼ 559% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
State Gazette act
Registered officeRegistered-office move · Power of attorney7 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney7 facts ▸
- General meeting, buitengewone algemene vergadering
- Registered-office move, Wagebak 13, 1560 Hoeilaart
- Power of attorney, Bruno Van Elst
- Power of attorney, ATFINCO BV
- Power of attorney, Bob Bogaerts
- Power of attorney, ATFINCO BV
- Power of attorney, Bob Bogaerts
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €65,503 ▲18.8%
Operating result €82,373, net result €65,503, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €106,955 ▲63.9%
3 profitable years in a row build equity to €106,955.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 1 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hoeilaart · 1 establishment unit since 2020
Ground area
2,895 m²
Building footprint
213 m²
Volume, LiDAR
1,028 m³
Parcel 23033B0569/00M000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HigherGrounds
since 20202.311.102.501
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033B0569/00M000 | Flanders | 2,895 m² | 1 · 213 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Registered office clause
HigherGrounds
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 1,683 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
62100Computer programming
70100Activities of head offices
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760507318
Also
9925:BE0760507318
Registered
26-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.