Hightide (0807.562.612): annual accounts, directors and company register

Hightide

Antwerp ·KBO/BCE: BE 0807.562.612

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%

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%

Company	Turnover	EBIT margin	Solvency	Staff
Hightide Antwerp	€2.0m	31.7%	8.2%	-
GREEN BASE Heusden-Zolder	€1.8m	27.1%	44.5%	-
CORDONA WIND Wavre	€1.9m	28.8%	47.8%	-
INVESTMENTS IN RENEWABLE ENERGY Heusden-Zolder	€1.7m	14.9%	27.9%	-
Belfuture 2 Heusden-Zolder	€2.2m	12.3%	47.2%	-
Ed. Proj. Iota Heusden-Zolder	€1.5m	23.2%	17.1%	-
ARIGIS Heusden-Zolder	€1.3m	19.5%	70.6%	-

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	6.2m	7.2m	7.8m	8.9m	9.6m	10.4m	11.0m	11.8m	12.2m	12.8m	13.9m	14.3m	14.7m	15.1m	7.9m	4.1m	4.0m
Fixed assets`21/28`	4.2m	5.0m	5.7m	6.5m	7.3m	8.0m	8.8m	9.4m	10.2m	10.9m	11.7m	12.5m	13.2m	14.0m	6.8m	3.0m	3.5m
Intangible fixed assets`21`	-	-	-	-	-	0	359	2,551	4,743	6,935	9,126	11,318	13,510	15,702	17,893	19,443	-
Tangible fixed assets`22/27`	4.2m	5.0m	5.7m	6.5m	7.3m	8.0m	8.8m	9.4m	10.2m	10.9m	11.7m	12.4m	13.2m	14.0m	6.8m	3.0m	3.5m
Plant, machinery and equipment`23`	181,254	208,343	235,432	262,976	290,521	318,065	345,610	189,256	204,034	218,812	233,589	248,367	263,144	277,922	169,720	3,952	-
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	1,029	3,046	5,063	7,080	9,096	-	-	-
Leasing and similar rights`25`	4.0m	4.8m	5.5m	6.2m	7.0m	-	-	-	-	-	-	-	-	-	-	-	-
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.3m	162,433	658,528
Companies linked by participating interests`282/3`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	2.0m	2.3m	2.0m	2.4m	2.3m	2.3m	2.1m	2.4m	2.0m	1.9m	2.2m	1.8m	1.5m	1.2m	1.2m	1.1m	532,462
Stocks and contracts in progress`3`	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	269,409	213,768	235,342	366,386	315,962	197,817	194,162	143,900	168,241	147,004	140,986	154,862	195,246	161,128	370,527	102,752	73,319
Trade receivables`40`	240,398	150,980	199,740	342,962	289,936	192,286	153,143	143,858	168,210	114,722	111,613	120,452	183,786	109,962	359,003	76,753	11,234
Other amounts receivable`41`	29,010	62,788	35,602	23,425	26,026	5,531	41,019	42	32	32,282	29,373	34,411	11,459	51,166	11,524	25,999	62,086
Current investments`50/53`	358,835	358,376	353,487	353,654	290,830	292,227	293,331	294,230	295,123	295,232	295,199	547,442	411,006	157,729	-	-	-
Other investments`51/53`	358,835	358,376	353,487	353,654	290,830	292,227	293,331	294,230	295,123	295,232	295,199	547,442	411,006	157,729	-	-	-
Cash at bank and in hand`54/58`	1.3m	1.6m	1.3m	1.6m	1.6m	1.8m	1.5m	1.8m	1.5m	1.4m	1.7m	1.1m	775,834	764,914	736,262	981,388	445,077
Deferred charges and accrued income`490/1`	100,974	87,238	112,605	92,492	98,977	67,243	102,772	97,743	72,424	36,947	50,988	53,599	80,887	92,706	68,457	19,360	14,065
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	6.2m	7.2m	7.8m	8.9m	9.6m	10.4m	11.0m	11.8m	12.2m	12.8m	13.9m	14.3m	14.7m	15.1m	7.9m	4.1m	4.0m
Equity`10/15`	511,500	511,500	511,500	511,500	787,169	511,500	605,190	557,060	514,199	508,530	679,046	1.2m	1.1m	1.0m	1.1m	944,804	504,025
Contributions`10/11`	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	875,000	875,000	875,000	875,000	875,000	529,000
Capital`10`	465,000	465,000	465,000	465,000	465,000	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	465,000	875,000	875,000	875,000	875,000	875,000	875,000
Uncalled capital`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	346,000
Reserves`13`	46,500	46,500	46,500	46,500	322,169	46,500	140,190	92,060	49,199	43,530	214,046	325,791	182,732	12,693	12,693	4,739	-
Non-distributable reserves`130/1`	46,500	46,500	46,500	46,500	46,500	46,500	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	46,500	46,500	46,500	46,500	46,500	46,500	46,500	46,500	44,457	36,596	31,546	21,940	14,787	12,693	12,693	4,739	-
Distributable reserves`133`	-	-	-	0	275,669	0	93,690	45,560	4,743	6,935	182,500	303,851	167,945	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	-	-	-	128,149	216,189	65,065	-24,975
Amounts payable`17/49`	5.7m	6.7m	7.3m	8.4m	8.8m	9.9m	10.4m	11.2m	11.7m	12.3m	13.2m	13.1m	13.6m	14.1m	6.8m	3.1m	3.5m
Amounts payable after more than one year`17`	4.3m	5.1m	5.8m	6.4m	7.8m	8.6m	9.3m	10.0m	10.6m	11.2m	11.8m	12.4m	12.9m	13.0m	4.0m	2.8m	2.1m
Financial debts`170/4`	4.3m	5.1m	5.8m	6.4m	7.8m	8.6m	9.3m	10.0m	10.6m	11.2m	11.8m	12.4m	12.9m	13.0m	4.0m	2.8m	2.1m
Subordinated loans`170`	2.2m	2.1m	1.9m	1.7m	2.3m	2.3m	2.3m	2.3m	2.3m	2.3m	2.3m	2.3m	2.3m	1.9m	675,747	675,747	-
Leasing and similar obligations`172`	2.1m	3.0m	3.9m	4.7m	5.5m	6.3m	7.0m	7.7m	8.3m	8.9m	9.5m	10.1m	10.6m	11.1m	3.3m	2.2m	2.1m
Amounts payable within one year`42/48`	1.3m	1.5m	1.4m	1.9m	969,688	1.2m	1.0m	1.2m	1.0m	1.0m	1.3m	647,836	614,120	680,892	2.7m	297,309	1.4m
Current portion of amounts payable after more than one year`42`	913,123	869,904	828,752	789,569	752,257	716,730	682,899	650,683	619,999	590,784	562,958	536,456	511,215	578,655	127,959	77,707	731,626
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	64	275	39	-
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	64	275	39	-
Trade debts`44`	53,570	59,986	67,423	97,470	81,535	10,558	75,980	116,339	84,304	43,220	205,333	111,380	102,905	52,035	337,717	206,562	673,850
Suppliers`440/4`	53,570	59,986	67,423	97,470	81,535	10,558	75,980	116,339	84,304	43,220	205,333	111,380	102,905	52,035	337,717	206,562	673,850
Taxes, remuneration and social security`45`	-	-	0	15,318	-	-	-	3,440	13,931	655	488	-	-	-	-	-	-
Taxes`450/3`	-	-	0	15,318	-	-	-	3,440	13,931	655	488	-	-	-	-	-	-
Other amounts payable`47/48`	324,402	607,487	481,569	956,640	135,896	518,564	286,896	445,896	287,447	407,410	545,896	-	-	50,137	2.2m	13,000	13,000
Accrued charges and deferred income`492/3`	71,928	60,640	67,287	179,617	52,742	48,663	15,712	19,988	39,519	14,982	30,075	27,056	69,757	432,955	138,844	11,936	115
Income statement
Operating income`70/76A`	2.0m	1.8m	1.9m	2.4m	2.0m	2.1m	2.0m	2.1m	2.0m	2.0m	2.0m	2.0m	2.0m	4.4m	874,332	397,853	-
Turnover`70`	2.0m	1.8m	1.9m	2.3m	2.0m	2.1m	2.0m	2.1m	2.0m	2.0m	2.0m	2.0m	2.0m	1.8m	874,332	392,553	-
Other operating income`74`	10,167	31,056	1,050	75,536	23,793	-	-	-	-	-	-	-	-	-	-	-	-
Operating charges`60/66A`	1.4m	1.2m	1.2m	1.2m	1.2m	1.2m	1.2m	1.1m	1.1m	1.2m	1.1m	1.1m	1.2m	3.7m	364,097	186,041	25,286
Goods for resale, raw materials and consumables`60`	-	-	-	-	-	-	-	-	-	-	3,494	44,900	-	-	-	-	-
Purchases`600/8`	-	-	-	-	-	-	-	-	-	-	3,494	44,900	-	-	-	-	-
Services and other goods`61`	581,711	456,745	438,449	464,078	428,358	396,893	390,415	320,443	360,190	388,953	318,047	306,106	454,414	2.9m	171,480	59,818	24,762
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	769,005	769,005	769,461	769,461	769,461	769,820	760,110	759,075	760,673	761,661	761,661	761,661	761,471	878,775	191,672	125,758	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	0	-6,570	6,570	-	-	-	2,942	-	-	-	-	-
Other operating charges`640/8`	6,774	6,407	6,781	5,626	5,969	5,656	12,011	5,623	5,257	5,090	16,255	92	4,321	1,063	946	466	523
Operating profit (loss)`9901`	626,042	572,603	720,969	1.2m	838,051	883,260	824,898	1.0m	840,505	812,197	928,649	904,503	790,429	636,857	510,235	211,812	-25,286
Financial income`75/76B`	1,268	1,830	6,395	669	0	0	117	141	105	204	554	1,106	1,925	4,431	967	789	579
Recurring financial income`75`	1,268	1,830	6,395	669	0	0	117	141	105	204	554	1,106	1,925	4,431	967	789	579
Income from financial fixed assets`750`	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	140
Income from current assets`751`	1,267	1,830	6,395	669	-	0	117	141	105	204	554	1,106	1,512	4,431	964	789	439
Other financial income`752/9`	1	0	0	0	0	-	-	-	-	-	-	-	413	0	3	0	-
Financial charges`65/66B`	375,968	406,542	427,458	479,974	562,382	594,282	625,885	655,000	683,043	710,693	736,838	762,549	750,463	729,232	352,255	117,823	268
Recurring financial charges`65`	375,968	406,542	427,458	479,974	562,382	594,282	625,885	655,000	683,043	710,693	736,838	762,549	750,463	729,232	352,255	117,823	268
Debt charges`650`	372,818	403,951	425,328	478,078	560,147	592,985	624,061	653,737	682,196	710,112	736,018	761,263	747,737	728,103	349,361	106,818	101
Other financial charges`652/9`	3,150	2,591	2,130	1,896	2,236	1,297	1,824	1,263	847	581	820	1,286	2,726	1,129	2,893	11,005	167
Profit (loss) for the period before taxes`9903`	251,343	167,891	299,905	685,595	275,669	288,978	199,130	352,920	157,567	101,709	192,365	143,059	41,891	-87,944	158,947	94,779	-24,975
Income taxes`67/77`	62,836	41,973	74,976	140,519	0	-	-	59	346	710	260	-	-	97	-132	-	-
Taxes`670/3`	62,836	41,973	74,976	140,519	0	-	-	59	346	710	626	-	-	97	-	-	-
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	-	-	-	-	-	366	-	-	-	132	-	-
Profit (loss) for the period`9904`	188,507	125,918	224,929	545,076	275,669	288,978	199,130	352,860	157,221	100,999	192,105	143,059	41,891	-88,041	159,079	94,779	-24,975
Profit (loss) for the period to be appropriated`9905`	188,507	125,918	224,929	545,076	275,669	288,978	199,130	352,860	157,221	100,999	192,105	143,059	41,891	-88,041	159,079	94,779	-24,975
Appropriation of the result
Profit (loss) to be appropriated`9906`	188,507	125,918	224,929	545,076	275,669	288,978	199,130	352,860	157,221	100,999	192,105	143,059	170,039	128,149	224,143	69,804	-24,975
Transfer from equity`791/2`	-	-	0	275,669	0	93,690	-	-	2,192	182,500	303,851	-	-	-	-	-	-
From reserves`792`	-	-	0	275,669	0	93,690	-	-	2,192	182,500	303,851	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	0	275,669	0	48,130	42,860	7,861	11,985	192,105	143,059	170,039	-	7,954	4,739	-
To the legal reserve`6920`	-	-	-	-	-	-	-	2,043	7,861	5,050	9,605	7,153	2,095	-	7,954	4,739	-
To other reserves`6921`	-	-	-	0	275,669	0	48,130	40,817	-	6,935	182,500	135,906	167,945	-	-	-	-
Profit to be distributed`694/7`	188,507	125,918	224,929	820,745	0	382,668	151,000	310,000	151,551	271,515	303,851	-	-	-	-	-	-
Return on contributions (dividend)`694`	188,507	125,918	224,929	820,745	0	382,668	151,000	310,000	151,551	271,515	303,851	-	-	-	-	-	-
Social balance sheet
Hours worked`1013`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	26-05-2026	2026-00123060	PDF
31-12-2024	full format	23-05-2025	2025-00104063	PDF
31-12-2023	full format	27-05-2024	2024-00097029	PDF
31-12-2022	full format	19-06-2023	2023-00136520	PDF
31-12-2021	full format	23-05-2022	2022-20033285	PDF
31-12-2020	full format	29-06-2021	2021-28600573	PDF
31-12-2019	full format	26-05-2020	2020-13000468	PDF
31-12-2018	full format	11-06-2019	2019-17600096	PDF
31-12-2017	full format	22-05-2018	2018-13600094	PDF
31-12-2016	full format	28-06-2017	2017-22800040	PDF
31-12-2015	full format	03-05-2016	2016-11400189	PDF
31-12-2014	full format	29-05-2015	2015-13600035	PDF
31-12-2013	full format	21-05-2014	2014-13300114	PDF
31-12-2012	full format	06-08-2013	2013-40800534	PDF
31-12-2011	full format	24-07-2012	2012-35000333	PDF
31-12-2010	full format	21-06-2011	2011-20000070	PDF
31-12-2009	full format	26-05-2010	2010-13100476	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	1.4m	1.3m	1.5m	1.9m	1.6m	1.7m	1.6m	1.8m	1.6m	1.6m	1.7m	1.7m	1.6m	1.5m	701,907	337,570	-
Cash flow	957,512	894,924	994,390	1.3m	1.0m	1.1m	959,240	1.1m	917,894	862,660	953,766	904,720	803,362	790,734	350,750	220,537	-
Investment in fixed assets (approximation)	0	0	0	0	0	0	172,355	0	0	0	0	0	3,790	8.1m	4.0m	2.1m	658,528
Change in cash	-340,219	288,909	-280,125	-36,355	-127,697	225,406	-276,265	342,309	77,888	-279,347	615,543	290,514	10,920	28,652	-245,126	536,311	-
Working capital	714,519	738,621	651,397	561,366	1.4m	1.1m	1.1m	1.1m	1.0m	839,659	854,391	1.2m	848,852	495,586	-1.5m	806,191	-886,014
EBIT margin	31.7%	32.3%	37.3%	50.0%	41.5%	43.0%	41.7%	48.0%	42.7%	41.3%	46.1%	45.0%	40.5%	35.7%	58.4%	54.0%	-
Solvency	8.2%	7.1%	6.6%	5.7%	8.2%	4.9%	5.5%	4.7%	4.2%	4.0%	4.9%	8.4%	7.2%	6.7%	13.9%	23.2%	12.6%
Current ratio	1.55	1.48	1.47	1.30	2.42	1.87	2.04	1.94	2.00	1.81	1.65	2.81	2.38	1.73	0.44	3.71	0.38
Debt to equity	11.14	13.17	14.19	16.46	11.23	19.29	17.10	20.12	22.69	24.19	19.41	10.89	12.87	13.91	6.20	3.32	6.91
ROE	36.9%	24.6%	44.0%	106.6%	35.0%	56.5%	32.9%	63.3%	30.6%	19.9%	28.3%	11.9%	4.0%	-8.7%	14.4%	10.0%	-5.0%
ROA	3.0%	1.7%	2.9%	6.1%	2.9%	2.8%	1.8%	3.0%	1.3%	0.8%	1.4%	1.0%	0.3%	-0.6%	2.0%	2.3%	-0.6%
Interest coverage	3.74	3.32	3.50	4.05	2.87	2.79	2.54	2.70	2.35	2.22	2.30	2.19	2.08	2.08	2.01	3.16	-
Customer credit	44 days	31 days	38 days	54 days	52 days	34 days	28 days	25 days	31 days	21 days	20 days	22 days	34 days	22 days	150 days	71 days	-
Supplier credit	34 days	48 days	56 days	77 days	69 days	10 days	71 days	133 days	85 days	41 days	233 days	116 days	83 days	7 days	719 days	1260 days	9933 days

By activity	2010	2011	2012	2013	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Omzet groenestroomcertificaten	-	-	-	-	-	-	-	-	-	-	€1,745,476	€1,879,026	€1,736,451	€1,570,632	€1,760,983
Omzet fotovoltaïsche zonnepanelen naar net	-	-	-	-	-	-	-	-	-	-	€188,819	€187,765	€198,597	€203,791	€206,376
Verkopen en dienstprestaties (negatief in 2024)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	€6,006
Verkopen en dienstprestaties (negatief in 2023 en 2024)	-	-	-	-	-	-	-	-	-	-	-	-	-	€719	-
Verkopen en dienstprestaties (negatief in 2023)	-	-	-	-	-	-	-	-	-	-	-	-	€439	-	-
Verkopen en dienstprestaties	-	€3,070	€4,500	€380	€48,625	€27,674	€38,841	€55,331	€53,901	€42,299	€61,651	€261,738	-	-	-
Omzet GSC	€331,200	€756,960	€1,609,830	€1,680,940	€1,811,420	€1,788,330	€1,745,840	€1,856,610	€1,730,230	€1,823,040	-	-	-	-	-
Omzet PV naar net	-	€22,701	€70,984	€60,597	€122,506	€119,342	€181,942	€187,549	€196,320	€190,290	-	-	-	-	-
Omzet grijze stroom	€61,353	€91,601	€100,319	€211,522	€34,058	€32,554	-	-	-	-	-	-	-	-	-
Total	€392,553	€874,332	€1,785,634	€1,953,439	€2,016,609	€1,967,901	€1,966,624	€2,099,490	€1,980,451	€2,055,629	€1,995,946	€2,328,529	€1,935,488	€1,775,141	€1,973,365

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€3.0m	€3.9m	€4.7m	€5.5m	€6.3m
Carrying value of the other pledged assets	€1.2m	€1.9m	€1.4m	€1.8m	€1.9m

Gimv registered office since 02-06-1980 · founded in 1980	total assets €1.90bn (2025) 0220.324.117
Gimv 2024 Holding registered office since 11-02-2025 · founded in 2025 · group Gimv	total assets €685.3m (2025) 1019.840.182
TINC registered office since 27-12-2007 · founded in 2007	total assets €622.7m (2025) 0894.555.972
VIA A11 registered office since 17-03-2014 · founded in 2014 · group TINC	turnover €11.4m (2025) 0547.978.239
Gimv Healthcare Invest 2024 registered office since 11-02-2025 · founded in 2025 · group Gimv	total assets €329.6m (2025) 1019.845.924
Gimv Anchor Investments registered office since 25-02-2025 · founded in 2025 · group Gimv	total assets €220.0m (2025) 1020.386.451
Infravest registered office since 15-07-2024 · founded in 2024	total assets €216.1m (2025) 1011.576.376
Gimv Consumer Invest 2024 registered office since 11-02-2025 · founded in 2025 · group Gimv	total assets €199.2m (2025) 1019.844.241
DCU Invest registered office since 25-06-2020 · founded in 2020 · group TINC	turnover €3.2m (2025) 0748.969.860
Project Brabo 1 registered office since 14-08-2009 · founded in 2009 · group TINC	turnover €18.0m (2025) 0817.559.352

Overview

Lifetime

Key points

Equity

Result

Debts

Payment terms

Filings

At the same address

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Companies linked to Hightide

Parent and group

Insights on Hightide

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin €m

Position in the sector

Solvency8.2%

Current ratio1.55

Return on assets3.0%

Filed annual accounts

Filings

Key figures and ratios

Revenue breakdown

By activity 2025

Securities and guarantees

Auditor

Insights on Hightide

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Capital transactions

Network & group

Group

Belgium 1 Equity Result

At the same address

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels