Hightide
ActiveSummary
Hightide has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €511,500 and a net result of €188,507. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 23% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+3
Solvency33▲+1
Growth32▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.48 in 2024; short-term debt: 20.8% and cash: 20.6% of total assets), but 91.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.2%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 270 sector peers (2025).
NBB · sector comparisonPosition among 270 sector peers
Solvency
better than 23%
← weakest
strongest →
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
69 d early
2023
65 d early
2022
42 d early
2021
69 d early
2020
32 d early
2019
66 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 58 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#9 oldest company in Antwerp, Energy sector
Turnover
€2.0m▲ 11.3%
2024 · €1.8m
EBIT margin
31.7%▼ 0.6pp
2024 · 32.3%
Net result
€188,507▲ 49.7%
2024 · €125,918
Working capital
€714,519▼ 3.3%
2024 · €738,621
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.0m▼ 1.8%€2.3m▲ 15.4%€1.9m▼ 16.9%€1.8m▼ 8.3%€2.0m▲ 11.3%
Operating result€838,051▼ 5.1%€1.2m▲ 39.0%€720,969▼ 38.1%€572,603▼ 20.6%€626,042▲ 9.3%
Net result€275,669▼ 4.6%€545,076▲ 97.7%€224,929▼ 58.7%€125,918▼ 44.0%€188,507▲ 49.7%
EBIT margin41.5%▼ 1.4pp50.0%▲ 8.5pp37.3%▼ 12.8pp32.3%▼ 5.0pp31.7%▼ 0.6pp
Equity€787,169▲ 53.9%€511,500▼ 35.0%€511,500=€511,500=€511,500=
Total assets€9.6m▼ 7.2%€8.9m▼ 7.3%€7.8m▼ 13.0%€7.2m▼ 6.7%€6.2m▼ 14.3%
Debt€8.8m▼ 10.4%€8.4m▼ 4.8%€7.3m▼ 13.8%€6.7m▼ 7.2%€5.7m▼ 15.4%
Working capital€1.4m▲ 27.4%€561,366▼ 59.3%€651,397▲ 16.0%€738,621▲ 13.4%€714,519▼ 3.3%
Why a figure moved sharply
- 2023 Net result -59% on 2022. Cause not known from the registers.
- 2022 Net result +98% on 2021. Cause not known from the registers.
- 2021 Equity +54% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.2m
Fixed assets
€4.2m ▼ 15.5%
Current assets
€2.0m ▼ 11.9%
Equity and liabilities €6.2m
Equity
€511,500 =
Debt
€5.7m ▼ 15.4%
Debt's share of the balance-sheet total falls from 92.9% to 91.8%. Debt is lower.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €1.3m
Cash flow
€957,512▲
2024 · €894,924
Current ratio
1.55▲
2024 · 1.48
Debt to equity
11.14▼
2024 · 13.17
ROE
36.9%▲
2024 · 24.6%
ROA
3.0%▲
2024 · 1.7%
Interest coverage
3.74▲
2024 · 3.32
Debt ≤ 1 year
€1.3m▼
2024 · €1.5m
Debt > 1 year
€4.3m▼
2024 · €5.1m
Income taxes
€62,836▲
2024 · €41,973
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 187 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
0.5%
went bankrupt
1.6%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 187 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €2.0m | €2.4m | €1.9m | €1.8m | €2.0m | ▲ 9.9% |
| Turnover70 | €2.0m | €2.3m | €1.9m | €1.8m | €2.0m | ▲ 11.3% |
| Other operating income74 | €23,793 | €75,536 | €1,050 | €31,056 | €10,167 | ▼ 67.3% |
| Operating charges60/66A | €1.2m | €1.2m | €1.2m | €1.2m | €1.4m | ▲ 10.2% |
| Services and other goods61 | €428,358 | €464,078 | €438,449 | €456,745 | €581,711 | ▲ 27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €769,461 | €769,461 | €769,461 | €769,005 | €769,005 | = |
| Other operating charges640/8 | €5,969 | €5,626 | €6,781 | €6,407 | €6,774 | ▲ 5.7% |
| Operating profit (loss)9901 | €838,051 | €1.2m | €720,969 | €572,603 | €626,042 | ▲ 9.3% |
| Financial income75/76B | €0 | €669 | €6,395 | €1,830 | €1,268 | ▼ 30.7% |
| Recurring financial income75 | €0 | €669 | €6,395 | €1,830 | €1,268 | ▼ 30.7% |
| Income from financial fixed assets750 | €0 | €0 | - | - | - | - |
| Income from current assets751 | - | €669 | €6,395 | €1,830 | €1,267 | ▼ 30.7% |
| Other financial income752/9 | €0 | €0 | €0 | €0 | €1 | ▲ 10,300% |
| Financial charges65/66B | €562,382 | €479,974 | €427,458 | €406,542 | €375,968 | ▼ 7.5% |
| Recurring financial charges65 | €562,382 | €479,974 | €427,458 | €406,542 | €375,968 | ▼ 7.5% |
| Debt charges650 | €560,147 | €478,078 | €425,328 | €403,951 | €372,818 | ▼ 7.7% |
| Other financial charges652/9 | €2,236 | €1,896 | €2,130 | €2,591 | €3,150 | ▲ 21.6% |
| Profit (loss) for the period before taxes9903 | €275,669 | €685,595 | €299,905 | €167,891 | €251,343 | ▲ 49.7% |
| Income taxes67/77 | €0 | €140,519 | €74,976 | €41,973 | €62,836 | ▲ 49.7% |
| Taxes670/3 | €0 | €140,519 | €74,976 | €41,973 | €62,836 | ▲ 49.7% |
| Profit (loss) for the period9904 | €275,669 | €545,076 | €224,929 | €125,918 | €188,507 | ▲ 49.7% |
| Profit (loss) for the period to be appropriated9905 | €275,669 | €545,076 | €224,929 | €125,918 | €188,507 | ▲ 49.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.6m | €8.9m | €7.8m | €7.2m | €6.2m | ▼ 14.3% |
| Fixed assets21/28 | €7.3m | €6.5m | €5.7m | €5.0m | €4.2m | ▼ 15.5% |
| Tangible fixed assets22/27 | €7.3m | €6.5m | €5.7m | €5.0m | €4.2m | ▼ 15.5% |
| Plant, machinery and equipment23 | €290,521 | €262,976 | €235,432 | €208,343 | €181,254 | ▼ 13.0% |
| Leasing and similar rights25 | €7.0m | €6.2m | €5.5m | €4.8m | €4.0m | ▼ 15.6% |
| Current assets29/58 | €2.3m | €2.4m | €2.0m | €2.3m | €2.0m | ▼ 11.9% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €315,962 | €366,386 | €235,342 | €213,768 | €269,409 | ▲ 26.0% |
| Trade receivables40 | €289,936 | €342,962 | €199,740 | €150,980 | €240,398 | ▲ 59.2% |
| Other amounts receivable41 | €26,026 | €23,425 | €35,602 | €62,788 | €29,010 | ▼ 53.8% |
| Current investments50/53 | €290,830 | €353,654 | €353,487 | €358,376 | €358,835 | ▲ 0.1% |
| Other investments51/53 | €290,830 | €353,654 | €353,487 | €358,376 | €358,835 | ▲ 0.1% |
| Cash at bank and in hand54/58 | €1.6m | €1.6m | €1.3m | €1.6m | €1.3m | ▼ 21.0% |
| Deferred charges and accrued income490/1 | €98,977 | €92,492 | €112,605 | €87,238 | €100,974 | ▲ 15.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.6m | €8.9m | €7.8m | €7.2m | €6.2m | ▼ 14.3% |
| Equity10/15 | €787,169 | €511,500 | €511,500 | €511,500 | €511,500 | = |
| Contributions10/11 | €465,000 | €465,000 | €465,000 | €465,000 | €465,000 | = |
| Capital10 | €465,000 | €465,000 | €465,000 | €465,000 | €465,000 | = |
| Issued capital100 | €465,000 | €465,000 | €465,000 | €465,000 | €465,000 | = |
| Reserves13 | €322,169 | €46,500 | €46,500 | €46,500 | €46,500 | = |
| Non-distributable reserves130/1 | €46,500 | €46,500 | €46,500 | €46,500 | €46,500 | = |
| Legal reserve130 | €46,500 | €46,500 | €46,500 | €46,500 | €46,500 | = |
| Distributable reserves133 | €275,669 | €0 | - | - | - | - |
| Amounts payable17/49 | €8.8m | €8.4m | €7.3m | €6.7m | €5.7m | ▼ 15.4% |
| Amounts payable after more than one year17 | €7.8m | €6.4m | €5.8m | €5.1m | €4.3m | ▼ 15.7% |
| Financial debts170/4 | €7.8m | €6.4m | €5.8m | €5.1m | €4.3m | ▼ 15.7% |
| Subordinated loans170 | €2.3m | €1.7m | €1.9m | €2.1m | €2.2m | ▲ 5.1% |
| Leasing and similar obligations172 | €5.5m | €4.7m | €3.9m | €3.0m | €2.1m | ▼ 30.2% |
| Amounts payable within one year42/48 | €969,688 | €1.9m | €1.4m | €1.5m | €1.3m | ▼ 16.0% |
| Current portion of amounts payable after more than one year42 | €752,257 | €789,569 | €828,752 | €869,904 | €913,123 | ▲ 5.0% |
| Trade debts44 | €81,535 | €97,470 | €67,423 | €59,986 | €53,570 | ▼ 10.7% |
| Suppliers440/4 | €81,535 | €97,470 | €67,423 | €59,986 | €53,570 | ▼ 10.7% |
| Taxes, remuneration and social security45 | - | €15,318 | €0 | - | - | - |
| Taxes450/3 | - | €15,318 | €0 | - | - | - |
| Other amounts payable47/48 | €135,896 | €956,640 | €481,569 | €607,487 | €324,402 | ▼ 46.6% |
| Accrued charges and deferred income492/3 | €52,742 | €179,617 | €67,287 | €60,640 | €71,928 | ▲ 18.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €275,669 | €545,076 | €224,929 | €125,918 | €188,507 | ▲ 49.7% |
| + Depreciation and write-downs630 | €769,461 | €769,461 | €769,461 | €769,005 | €769,005 | = |
| Operating cash flow (approximation) | €1.0m | €1.3m | €994,390 | €894,924 | €957,512 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€36,355 | -€280,125 | €288,909 | -€340,219 | ▼ 218% |
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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €125,918 ▼44%
Net result drops to €125,918, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €545,076 ▲97.7%
Operating result €1.2m, net result €545,076, both a record.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
19 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, Antwerpen · 1 establishment unit since 2008
Ground area
2,696 m²
Building footprint
1,209 m²
Volume, LiDAR
15,115 m³
Parcel 11810K0009/00S006, Flanders · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
Hightide
since 20082.174.522.541
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K0009/00S006 | Flanders | 2,696 m² | 1 · 1,209 m² | 21.2 m · 6 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.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: TINC. The sources do not say who stands above it.
Owners 1
- Lowtideparent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of Hightide and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
ORKA LUMMEN
BE 0819.642.179
Londerzeel · Eq €511,242
VENT DE LA SILLE
BE 0779.617.506
Leuze-en-Hainaut · Eq €510,199
DuCoop
BE 0562.869.422
Gent · Eq €507,916
Ecorus Invest III
BE 0654.849.176
Gent · Eq €505,600
Joulz Sun4Business 4
BE 0791.706.674
Antwerpen · Eq €505,337
Of 814 companies in sector 35110 we hold annual accounts for 631. 430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35130Electricity, gas, steam and air conditioning supply
35150Electricity, gas, steam and air conditioning supply
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807562612
Also
9925:BE0807562612
Registered
17-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.