HIGH CODE
ActiveSummary
HIGH CODE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €32k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+3
Solvency35▼-65
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 9.21 in 2024; short-term debt: 90.3% and cash: 19% of total assets), and 90.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 15% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 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 · 7 filingsDeviation from the deadline
2025
4 d late
2024
11 d late
2023
5 d late
2022
24 d late
2021
25 d late
2020
25 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 87.4%
2024 · €170k
2019: €50k
2020: €87k▲ +74.8% vs 2019
2021: €113k▲ +29.7% vs 2020
2022: €103k▼ -8.3% vs 2021
2023: €146k▲ +41.3% vs 2022
2024: €170k▲ +16.4% vs 2023highest in 7 years
2025: €21k▼ -87.4% vs 2024lowest in 7 years
2019 → 2025
Total assets
€221k▲ 15.8%
2024 · €191k
2019: €83klowest in 7 years
2020: €112k▲ +35.3% vs 2019
2021: €144k▲ +28.2% vs 2020
2022: €125k▼ -12.7% vs 2021
2023: €172k▲ +37.5% vs 2022
2024: €191k▲ +10.6% vs 2023
2025: €221k▲ +15.8% vs 2024highest in 7 years
2019 → 2025
Net result
€32k▲ 31.4%
2024 · €24k
2019: €43khighest in 7 years
2020: €37k▼ -14.5% vs 2019
2021: €26k▼ -30.5% vs 2020
2022: €-9k▼ -136% vs 2021lowest in 7 years
2023: €30k▲ +421% vs 2022
2024: €24k▼ -20.6% vs 2023
2025: €32k▲ +31.4% vs 2024
2019 → 2025
Working capital
€18k▼ 89.0%
2024 · €165k
2019: €49k
2020: €76k▲ +55.9% vs 2019
2021: €101k▲ +32.9% vs 2020
2022: €93k▼ -8.7% vs 2021
2023: €140k▲ +50.7% vs 2022
2024: €165k▲ +18.0% vs 2023highest in 7 years
2025: €18k▼ -89.0% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€113k-€103k▼ 8.3%€146k▲ 41.3%€170k▲ 16.4%€21k▼ 87.4%
2021: €113k
2022: €103k▼ -8.3% vs 2021
2023: €146k▲ +41.3% vs 2022
2024: €170k▲ +16.4% vs 2023highest in 5 years
2025: €21k▼ -87.4% vs 2024lowest in 5 years
Operating result€36k-€-9k€39k€30k▼ 21.3%€37k▲ 23.1%
2021: €36k
2022: €-9k▼ -124% vs 2021lowest in 5 years
2023: €39k▲ +554% vs 2022highest in 5 years
2024: €30k▼ -21.3% vs 2023
2025: €37k▲ +23.1% vs 2024
Net result€26k-€-9k€30k€24k▼ 20.6%€32k▲ 31.4%
2021: €26k
2022: €-9k▼ -136% vs 2021lowest in 5 years
2023: €30k▲ +421% vs 2022
2024: €24k▼ -20.6% vs 2023
2025: €32k▲ +31.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€3k ▼ 44.1%
Current assets
€218k ▲ 17.7%
Equity and liabilities €221k
Equity
€21k ▼ 87.4%
Debt
€199k ▲ 857%
Debt's share of the balance-sheet total rises from 10.9% to 90.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€40k▲
2024 · €33k
Cash flow
€34k▲
2024 · €27k
Current ratio
1.09▼
2024 · 9.21
Debt to equity
9.32▲
2024 · 0.12
ROE
147.3%▲
2024 · 14.1%
ROA
14.3%▲
2024 · 12.6%
Interest coverage
46.75▼
2024 · 62.01
Debt ≤ 1 year
€199k▲
2024 · €20k
Income taxes
€11k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€191k€221k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€185k€218k▲
Amounts receivable after more than one year29€122k€122k=
Other amounts receivable291€122k€122k=
Amounts receivable within one year40/41€63k€53k▼
Trade receivables40€9k€3k▼
Other amounts receivable41€54k€51k▼
Cash at bank and in hand54/58-€42k
Equity and liabilities
Total equity and liabilities10/49€191k€221k▲
Equity10/15€170k€21k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€149k€946▼
Amounts payable17/49€21k€199k▲
Amounts payable within one year42/48€20k€199k▲
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€10k€14k▲
Taxes450/3€10k€14k▲
Other amounts payable47/48-€180k
Accrued charges and deferred income492/3€765-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€350€607▲
Gross operating margin9900€34k€41k▲
Operating profit (loss)9901€30k€37k▲
Financial income75/76B€4k€6k▲
Recurring financial income75€4k€6k▲
Financial charges65/66B€539€856▲
Recurring financial charges65€539€856▲
Profit (loss) for the period before taxes9903€33k€43k▲
Income taxes67/77€9k€11k▲
Profit (loss) for the period9904€24k€32k▲
Profit (loss) for the period to be appropriated9905€24k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€149k€181k▲
Profit (loss) brought forward from the previous period14P€125k€149k▲
Profit to be distributed694/7-€180k
Return on contributions (dividend)694-€180k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €8k | €3k | €3k | €3k | ▼ 14.8% |
| Other operating charges640/8 | - | €348 | €348 | €350 | €607 | ▲ 73.5% |
| Gross operating margin9900 | €43k | €273 | €42k | €34k | €41k | ▲ 20.2% |
| Operating profit (loss)9901 | €36k | €-9k | €39k | €30k | €37k | ▲ 23.1% |
| Financial income75/76B | - | €1k | €3k | €4k | €6k | ▲ 75.6% |
| Recurring financial income75 | €728 | €1k | €3k | €4k | €6k | ▲ 75.6% |
| Financial charges65/66B | - | €719 | €888 | €539 | €856 | ▲ 58.7% |
| Recurring financial charges65 | €326 | €719 | €888 | €539 | €856 | ▲ 58.7% |
| Profit (loss) for the period before taxes9903 | €36k | €-8k | €41k | €33k | €43k | ▲ 28.2% |
| Income taxes67/77 | €11k | €2k | €11k | €9k | €11k | ▲ 20.1% |
| Profit (loss) for the period9904 | €26k | €-9k | €30k | €24k | €32k | ▲ 31.4% |
| Profit (loss) for the period to be appropriated9905 | €26k | €-9k | €30k | €24k | €32k | ▲ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €144k | €125k | €172k | €191k | €221k | ▲ 15.8% |
| Fixed assets21/28 | €14k | €12k | €9k | €6k | €3k | ▼ 44.1% |
| Tangible fixed assets22/27 | €14k | €12k | €9k | €6k | €3k | ▼ 44.1% |
| Furniture and vehicles24 | - | €12k | €9k | €6k | €3k | ▼ 44.1% |
| Current assets29/58 | €130k | €113k | €163k | €185k | €218k | ▲ 17.7% |
| Amounts receivable after more than one year29 | - | €47k | €122k | €122k | €122k | = |
| Other amounts receivable291 | - | €47k | €122k | €122k | €122k | = |
| Amounts receivable within one year40/41 | €69k | €66k | €35k | €63k | €53k | ▼ 14.8% |
| Trade receivables40 | - | €32k | €13k | €9k | €3k | ▼ 69.1% |
| Other amounts receivable41 | - | €33k | €23k | €54k | €51k | ▼ 5.9% |
| Cash at bank and in hand54/58 | €13k | €458 | €6k | - | €42k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €144k | €125k | €172k | €191k | €221k | ▲ 15.8% |
| Equity10/15 | €113k | €103k | €146k | €170k | €21k | ▼ 87.4% |
| Contributions10/11 | €6k | €6k | €19k | €19k | €19k | = |
| Capital10 | - | €6k | €19k | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | €19k | €19k | = |
| Uncalled capital101 | - | €12k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €105k | €95k | €125k | €149k | €946 | ▼ 99.4% |
| Amounts payable17/49 | €31k | €22k | €27k | €21k | €199k | ▲ 857% |
| Amounts payable within one year42/48 | €28k | €20k | €24k | €20k | €199k | ▲ 894% |
| Financial debts43 | - | - | - | €3k | - | - |
| Credit institutions430/8 | - | - | - | €3k | - | - |
| Trade debts44 | €1k | - | €699 | €7k | €5k | ▼ 28.1% |
| Suppliers440/4 | - | - | €699 | €7k | €5k | ▼ 28.1% |
| Taxes, remuneration and social security45 | - | €20k | €23k | €10k | €14k | ▲ 47.0% |
| Taxes450/3 | - | €20k | €23k | €10k | €14k | ▲ 47.0% |
| Other amounts payable47/48 | - | - | - | - | €180k | - |
| Accrued charges and deferred income492/3 | - | €2k | €3k | €765 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €-9k | €30k | €24k | €32k | ▲ 31.4% |
| + Depreciation and write-downs630 | €6k | €8k | €3k | €3k | €3k | ▼ 14.8% |
| Operating cash flow (approximation) | €32k | €-970 | €33k | €27k | €34k | ▲ 26.2% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €0 | €0 | - |
| Change in cash | - | €-13k | €6k | - | - | - |
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
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-06
Financial
Equity above €150kEq €170k ▲16.4%
2 profitable years in a row build equity to €170k.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-06
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
30-06
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Equity above €100kEq €113k ▲29.7%
3 profitable years in a row build equity to €113k.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 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, Liège · 1 establishment unit since 2018
Ground area
533 m²
Building footprint
353 m²
Volume, LiDAR
5,177 m³
Parcel 62810B0193/00Y000, Wallonia · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
High Code SRL
since 20182.280.161.875
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0193/00Y000 | Wallonia | 533 m² | 1 · 353 m² | 17.1 m · 5 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 13,259 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-07-2018
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Contact
Scores and ratios are computed by Checked and are not a credit decision.