HIGO
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-01-2025, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-01-2025 close31-08-2025 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-01-2024 was due by 31-08-2024 and was filed on 20-09-2024, 20 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 · 3 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
20 d late
2023
20 d early
2022
139 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 46 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€67,416▲ 151%
2023 · €26,868
EBIT margin
-251.1%▲ 617.3pp
2023 · -868.4%
Net result
-€189,094▼ 115%
2023 · -€87,822
Working capital
-€343,998▼ 132%
2023 · -€148,374
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Turnover€26,868€67,416▲ 151%
Operating result-€99,502--€233,310▼ 134%-€169,253▲ 27.5%
Net result-€100,266--€87,822▲ 12.4%-€189,094▼ 115%
EBIT margin-868.4%-251.1%▲ 617.3pp
Equity-€38,766--€126,589▼ 227%-€315,683▼ 149%
Total assets€54,929-€95,177▲ 73.3%€54,921▼ 42.3%
Debt€93,696-€221,766▲ 137%€370,604▲ 67.1%
Working capital-€64,448--€148,374▼ 130%-€343,998▼ 132%
Staff (FTE)0.7
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €169,253 in 2024 against €233,310 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54,624
Fixed assets
€39,766 ▼ 39.3%
Current assets
€14,858 ▼ 48.6%
Equity and liabilities
Equity-€315,683
Debt€370,604
Equity is negative: debt (€370,604) exceeds the balance-sheet total (€54,921).
Key figures and ratios
EBITDA
-€119,407▲
2023 · -€193,723
Cash flow
-€139,248▼
2023 · -€48,236
Solvency
-574.8%▼
2023 · -133.0%
Current ratio
0.04▼
2023 · 0.16
ROA
-344.3%▼
2023 · -92.3%
Interest coverage
-10.31▲
2023 · -110.87
Debt ≤ 1 year
€358,857▲
2023 · €177,270
Debt > 1 year
€11,747▼
2023 · €44,495
Staff costs
€43,029▲
2023 · €31,790
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Operating income70/76A | - | €28,180 | €69,727 | ▲ 147% |
| Turnover70 | - | €26,868 | €67,416 | ▲ 151% |
| Other operating income74 | - | €1,312 | €2,311 | ▲ 76.2% |
| Operating charges60/66A | - | €261,489 | €238,981 | ▼ 8.6% |
| Goods for resale, raw materials and consumables60 | - | €27,052 | €38,621 | ▲ 42.8% |
| Purchases600/8 | - | €27,052 | €38,621 | ▲ 42.8% |
| Services and other goods61 | - | €162,885 | €107,288 | ▼ 34.1% |
| Remuneration, social security and pensions62 | - | €31,790 | €43,029 | ▲ 35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,172 | €39,587 | €49,846 | ▲ 25.9% |
| Other operating charges640/8 | €372 | €175 | €197 | ▲ 12.3% |
| Gross operating margin9900 | -€84,958 | - | - | - |
| Operating profit (loss)9901 | -€99,502 | -€233,310 | -€169,253 | ▲ 27.5% |
| Financial income75/76B | - | €150,000 | - | - |
| Recurring financial income75 | - | €150,000 | - | - |
| Non-recurring financial income76B | - | €150,000 | - | - |
| Financial charges65/66B | €764 | €4,513 | €19,841 | ▲ 340% |
| Recurring financial charges65 | €764 | €4,513 | €19,841 | ▲ 340% |
| Debt charges650 | - | €1,747 | €11,581 | ▲ 563% |
| Other financial charges652/9 | - | €2,765 | €8,260 | ▲ 199% |
| Profit (loss) for the period before taxes9903 | -€100,266 | -€87,822 | -€189,094 | ▼ 115% |
| Profit (loss) for the period9904 | -€100,266 | -€87,822 | -€189,094 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | -€100,266 | -€87,822 | -€189,094 | ▼ 115% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €54,929 | €95,177 | €54,921 | ▼ 42.3% |
| Formation expenses20 | €1,190 | €744 | €298 | ▼ 60.0% |
| Fixed assets21/28 | €37,476 | €65,537 | €39,766 | ▼ 39.3% |
| Intangible fixed assets21 | €10,000 | €5,000 | - | - |
| Tangible fixed assets22/27 | €27,476 | €60,537 | €39,566 | ▼ 34.6% |
| Leasing and similar rights25 | €27,476 | €60,537 | €39,566 | ▼ 34.6% |
| Financial fixed assets28 | - | - | €200 | - |
| Other financial fixed assets284/8 | - | - | €200 | - |
| Amounts receivable and cash guarantees285/8 | - | - | €200 | - |
| Current assets29/58 | €16,263 | €28,896 | €14,858 | ▼ 48.6% |
| Amounts receivable within one year40/41 | €8,695 | €21,623 | €11,959 | ▼ 44.7% |
| Trade receivables40 | €126 | €60 | €4,792 | ▲ 7,886% |
| Other amounts receivable41 | €8,569 | €21,563 | €7,167 | ▼ 66.8% |
| Cash at bank and in hand54/58 | €7,291 | €6,833 | €2,899 | ▼ 57.6% |
| Deferred charges and accrued income490/1 | €278 | €440 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €54,929 | €95,177 | €54,921 | ▼ 42.3% |
| Equity10/15 | -€38,766 | -€126,589 | -€315,683 | ▼ 149% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€100,266 | -€188,089 | -€377,183 | ▼ 101% |
| Amounts payable17/49 | €93,696 | €221,766 | €370,604 | ▲ 67.1% |
| Amounts payable after more than one year17 | €12,984 | €44,495 | €11,747 | ▼ 73.6% |
| Financial debts170/4 | €12,984 | €44,495 | €11,747 | ▼ 73.6% |
| Leasing and similar obligations172 | - | €44,495 | €11,747 | ▼ 73.6% |
| Amounts payable within one year42/48 | €80,711 | €177,270 | €358,857 | ▲ 102% |
| Current portion of amounts payable after more than one year42 | €9,838 | €10,267 | €32,427 | ▲ 216% |
| Trade debts44 | €13,650 | €34,705 | €31,886 | ▼ 8.1% |
| Suppliers440/4 | €13,650 | €34,705 | €31,886 | ▼ 8.1% |
| Taxes, remuneration and social security45 | - | €1,062 | €5,563 | ▲ 424% |
| Taxes450/3 | - | €787 | €3,201 | ▲ 307% |
| Remuneration and social security454/9 | - | €275 | €2,362 | ▲ 758% |
| Other amounts payable47/48 | €57,223 | €131,235 | €288,980 | ▲ 120% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,266 | -€87,822 | -€189,094 | ▼ 115% |
| + Depreciation and write-downs630 | €14,172 | €39,587 | €49,846 | ▲ 25.9% |
| Operating cash flow (approximation) | -€86,094 | -€48,236 | -€139,248 | ▼ 189% |
| Investment in fixed assets (approximation) | - | -€67,648 | -€24,074 | ▲ 64.4% |
| Change in cash | - | -€457 | -€3,934 | ▼ 760% |
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
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
31-01
Financial
Weakest financial yearnet -€189,094
Net result drops to -€189,094, the lowest in the series.
2023
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 139 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
The accounts to 31-01-2022 list no holdings, and no other source names one.
According to the annual accounts to 31-01-2022 of HIGO 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.