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. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 9,761 sector peers (NACE 64, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-12-2020 Normal situation
- Activity
- Activities of holding companies NACE 64210and 4 others
- Establishment unit
- 2.311.102.501 1560 Hoeilaart, since 23-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 26-02-2026
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €65,503
- ▲ 18.8%
- Equity
- €2,000
- ▼ 96.5%
- Total assets
- €95,758
- ▼ 27.7%
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
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 days early
2024
31 days early
2023
30 days early
2022
35 days early
2021
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 44 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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 26 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 06-05-2026 PDF all 5 filings
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%
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€82,373
▲ 7.2%
2025
20212025
Net result
€65,503
▲ 18.8%
2025
middle half of the sector
20212025
Equity
€2,000
▼ 96.5%
2025
lowest quarter of the sector
20212025
Total assets
€95,758
▼ 27.7%
2025
lowest quarter of the sector
20212025
Debt
€93,758
▲ 24.6%
2025
20212025
Working capital
-€67,944
▼ 2,712%
2025
lowest quarter of the sector
20212025
Solvency
2.1%
▼ 41.1pp
2025
lowest quarter of the sector
20212025
Current ratio
0.28
▼ 0.69
2025
lowest quarter of the sector
20212025
Return on assets (ROA)
68.4%
▲ 26.7pp
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial 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 sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 operating result for 2025 is 7% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
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.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €7,820 | €5,560 | - | €826 | €7,421 |
| Financial fixed assets | - | €18,660 | €44,162 | - | - |
| Depreciation and write-downs of the year | €1,218 | €2,665 | €3,204 | €2,866 | €3,286 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
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 | ▲ 774× |
| Recurring financial income75 | €0 | €2 | €1 | €7 | €5,189 | ▲ 774× |
| 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% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-05-2026 | 2026-00103912 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00193969 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00184661 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00155556 | |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20089260 |
Board & ownership
Directors
Directors
1 director, last change in 2021
Toon Lybaert
Current
Director · in office according to the deed of 17-12-2021 · listed in the 2025 annual accounts, filed on 06-05-2026
Owners and capital
Owners
Network & group
HigherGrounds shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of HigherGrounds. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-06
Gazette deed
Registered office moved from Auderghem to HoeilaartNew registered office: Wagebak 13, 1560 Hoeilaart · Previous registered office: Paul Verheyleweghenlaan 25, 1160 Oudergem4 points ▸
Gazette deed
Registered office moved from Auderghem to Hoeilaart
New registered office: Wagebak 13, 1560 Hoeilaart · Previous registered office: Paul Verheyleweghenlaan 25, 1160 Oudergem4 points ▸
- Registered-office move, Wagebak 13, 1560 Hoeilaart
- Power of attorney, Bruno Van Elst
- Power of attorney, ATFINCO BV, mentioned twice in the deed
- Power of attorney, Bob Bogaerts, mentioned twice in the deed
- The deed holds 1 more point.
06-05
micro format · 86 days before the deadline
2025
31-12
Financial
Highest result from 2021 to 2025net €65,503 ▲18.8%
The operating result of €82,373 and the net result of €65,503 are both a record.
30-06
micro format · 31 days before the deadline
2024
01-07
micro format · 30 days before the deadline
2023
31-12
Financial
Equity above €100,000equity €106,955 ▲63.9%
With a profit in every financial year since 2021, equity grows to €106,955.
26-06
micro format · 35 days before the deadline
2022
24-06
micro format · 37 days before the deadline
2021
17-12
Gazette deed
Registered office moved from Brussels to AuderghemNew registered office: Paul Verheyleweghenlaan 25, 1160 Oudergem · Previous registered office: Noordstraat 35 bus 23, 1000 Brussel2 points ▸
Gazette deed
Registered office moved from Brussels to Auderghem
New registered office: Paul Verheyleweghenlaan 25, 1160 Oudergem · Previous registered office: Noordstraat 35 bus 23, 1000 Brussel2 points ▸
- Registered-office move, Paul Verheyleweghenlaan 25, 1160 Oudergem
- Director in office, Toon Lybaert
2020
28-12
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
Company details
Register details
Identity
KBO recordName
HigherGrounds in Dutch
Enterprise number
0760.507.318
Legal form
Private limited company
Status
Active, normal situation
Founded
23-12-2020
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 30-06-2026 (in Dutch)Registered office and establishments
Registered office
Wagebak 13, 1560 Hoeilaart, Belgium
2 former offices
- Paul Verheyleweghenlaan 25, 1160 Oudergem until 22-06-2026 · deed of 30-06-2026
- Noordstraat 35 bus 23, 1000 Brussel until 01-11-2021 · deed of 17-12-2021
Establishment unit
HigherGrounds, Wagebak 13, 1560 Hoeilaart since 23-12-2020 · unit number 2.311.102.501 62100 Computer programming
Activities
NACEBEL 202564210
Activities of holding companies main activity
62100
Computer programming
70100
Activities of head offices
70200
Business and other management consultancy
82990
Other business support services
Codes under NACEBEL 2008
64200
Holdings main activity
62010
Computer programming, consultancy and related activities
70100
Activities of head offices
70220
Business consulting
82990
Other business support services
Invoicing and payment
VAT number
BE 0760.507.318
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,895 m²
Building footprint
213 m²
Building volume
1,028 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23033B0569/00M000 | Flanders | 2,895 m² | 1 · 213 m² | 7.6 m · 2 |