Equity
Equity rose in 2025 from €35,497 to €97,750.
Equity rose in 2025 from €35,497 to €97,750.
The accounts state no turnover.
Green is investment, beige is depreciation.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 57% of them on solvency, 87% on liquidity, 60% on profitability and 94% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 39,278 companies had the same profile as HighSec has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HighSec itself is lower: < 0.1% within 12 months. It rests on far more data about HighSec than the profile alone.
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 39,278 companies, not a prediction for HighSec. 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.
Liquidity is ample, with a current ratio of 6.03 (7.16 in 2024), above the usual 1.5. Short-term debt is 16% and cash 83.9% of total assets. 35.6% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 73 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HighSec Jette | €151,823 | €117,421 | 64.4% | - |
| Fnayou Consulting Woluwe-Saint-Lambert | €153,815 | €125,229 | 91.7% | - |
| C&C CONSULTING AND SOLUTIONS Uccle | €136,014 | €114,035 | 5.3% | - |
| SoatDev IT Consulting Woluwe-Saint-Lambert | €156,550 | €109,444 | 73.3% | - |
| BEYOND BIZ Etterbeek | €136,449 | €108,552 | 63.3% | - |
| mEw3 Auderghem | €132,976 | €124,197 | 35.0% | - |
| H-IT Consult Saint-Josse-ten-Noode | €172,635 | €116,442 | 54.1% | - |
These companies have the same main activity as HighSec: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €133,000 and €173,000, founded in 2024.
HighSec has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,750 and a net result of €63,086.
Its solvency ranks better than 55% of 21,205 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €160,000 and €230,000.
Higher than 55% of 21,205 companies in 2025.
Higher than 80% of 20,568 companies in 2025.
Higher than 79% of 20,743 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
151,823 | 60,027 | |
21/28 |
5,563 | 4,524 | |
22/27 |
5,563 | 4,524 | |
24 |
5,563 | 4,524 | |
29/58 |
146,260 | 55,503 | |
40/41 |
18,887 | 21,950 | |
40 |
15,899 | 18,969 | |
41 |
2,987 | 2,981 | |
54/58 |
127,374 | 33,552 | |
| Balance sheet: equity and liabilities | |||
10/49 |
151,823 | 60,027 | |
10/15 |
97,750 | 35,497 | |
10/11 |
3,000 | 3,000 | |
14 |
94,750 | 32,497 | |
16 |
29,833 | 16,782 | |
160/5 |
29,833 | 16,782 | |
164/5 |
29,833 | 16,782 | |
17/49 |
24,240 | 7,748 | |
42/48 |
24,240 | 7,748 | |
44 |
84 | 63 | |
440/4 |
84 | 63 | |
45 |
10,458 | 3,410 | |
450/3 |
8,658 | 3,410 | |
454/9 |
1,800 | - | |
47/48 |
13,698 | 4,274 | |
| Income statement | |||
9900 |
117,421 | 66,534 | |
630 |
1,886 | 285 | |
635/8 |
13,051 | 16,782 | |
640/8 |
41 | 39 | |
9901 |
102,443 | 49,428 | |
75/76B |
85 | - | |
75 |
85 | - | |
65/66B |
19,245 | 3,053 | |
65 |
19,245 | 3,053 | |
9903 |
83,283 | 46,375 | |
67/77 |
20,197 | 13,019 | |
9904 |
63,086 | 33,356 | |
9905 |
63,086 | 33,356 | |
| Appropriation of the result | |||
9906 |
95,583 | 33,356 | |
14P |
32,497 | - | |
694/7 |
833 | 859 | |
694 |
833 | 859 | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-03-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 104,329 | 49,713 | ||
| 64,972 | 33,641 | ||
| 2,925 | 4,809 | ||
| 93,821 | - | ||
| 122,020 | 47,755 | ||
| 64.4% | 59.1% | ||
| 6.03 | 7.16 | ||
| 0.25 | 0.22 | ||
| 64.5% | 94.0% | ||
| 41.6% | 55.6% | ||
| 5.42 | 16.28 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €2,925 | €4,809 |
| €1,886 | €285 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 107% higher than in 2024.
Debt's share of the balance-sheet total rises from 12.9% to 16.0%. Equity and debt are higher.
HighSec has no parent and no holdings in its annual accounts. MURANOVIC Allan Mickel is the only director. HighSec shares no director with another company.
| IMMOBILIERE DU PARC ROYAL
registered office since 23-02-1996 · founded in 1995 |
total assets €605,272 (2025) 0456.953.835 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 10 June 2024, HighSec was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 MURANOVIC Allan Mickel is director of the company, appointed by deed of 12-06-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Maurice Dekeyserlaan 20 registered office 1090 Jette | 10-06-2024 | 2.360.422.150 |
| Sneppenlaan 43 3080 Tervuren | 15-09-2026 | 2.395.971.066 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24302F0146/00Z000 | Flanders | 1,209 m² | 1 · 232 m² | 12.9 m · 3 |
| 21010B0072/00C003 | Brussels | 203 m² | 1 · 81 m² | 10.8 m · 3 |
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