Financials
- Fiscal year
- 2025
- Total assets
- €583,339
- Profit
- €58,982
- Solvency
- 66.7%
Total assets▲ 29.7%
Net result
20182025
Highworks
ActiveSummary
Highworks has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389,113 and a net result of €58,982. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 72% of 2177 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Manufacture of metal structures and parts of structures
NACE 25110Other specialised construction activities NACE 43990
1 site
Size
€583,339total assets 2025
- Staff
- 0.9 FTE
- Equity
- €389,113
- Profit
- €58,982
Turnover not published (abridged schema)
Structure
Accounts filed 25 d late0 of 3 deeds read
Why 97- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)+ Liquidity: current ratio 2.62, cash €335,933+ Equity €389,113 (66.7% of total assets)+ Size: total assets €583,339Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Better than 72% of its sector peers (NACE 25, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
92-8
equity 66.7% of total assets
Liquidity
90-10
short-term debt 25.4% · cash 57.6%
Profitability
81-9
return on assets 10.1%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%
12-2024: < 0.1%● 0.0% vs 11-2024
01-2025: < 0.1%▼ -7.1% vs 12-2024
02-2025: < 0.1%● 0.0% vs 01-2025
03-2025: < 0.1%● 0.0% vs 02-2025
04-2025: < 0.1%● 0.0% vs 03-2025
05-2025: < 0.1%▲ +2.6% vs 04-2025
06-2025: < 0.1%● 0.0% vs 05-2025
07-2025: < 0.1%▲ +7.5% vs 06-2025
08-2025: 0.1%▲ +51.2% vs 07-2025
09-2025: 0.1%▲ +20.0% vs 08-2025highest value
10-2025: < 0.1%▼ -50.0% vs 09-2025
11-2025: < 0.1%● 0.0% vs 10-2025
12-2025: < 0.1%● 0.0% vs 11-2025
01-2026: < 0.1%▼ -7.7% vs 12-2025lowest value
02-2026: < 0.1%▲ +2.8% vs 01-2026
03-2026: < 0.1%● 0.0% vs 02-2026
04-2026: < 0.1%● 0.0% vs 03-2026
05-2026: < 0.1%▼ -2.7% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%▲ +5.6% vs 06-2026
08-2026: < 0.1%▲ +28.9% vs 07-2026
09-2026: < 0.1%▼ -14.3% vs 08-2026
10-2026: < 0.1%● 0.0% vs 09-2026
- Liquidity: current ratio 2.62, cash €335,933 lowers the probability
- Equity €389,113 (66.7% of total assets) lowers the probability
- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
- Size: total assets €583,339 lowers the probability for this profile
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.62 against 6.62 in 2024; short-term debt: 25.4% and cash: 57.6% of total assets), and 33.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, micro). Better than this share of them on solvency 72%, liquidity 88%, profitability 66%, growth against the median 64%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €389,113
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
25 d late
2023
128 d early
2022
160 d early
2021
145 d early
2020
145 d early
2019
149 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 97 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 March (5 of the last 5 filed years within 152 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2018net €77,529 ▲269%
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 25-08-2026Annual accounts filed
- 25-08-2025Annual accounts filed
- 31-12-2024Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110
- Founded
- 02-07-2010
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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