ACTIVE

Highbay (BE)

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Financial year 2025 · closed on 31/12/2025
Net result
411,1 k €
+1035.2% YoY
Gross margin
2,5 M €
+20165.0% YoY
Equity
665,9 k €
+161.3% YoY
Workforce
0,0 ETP

What does Highbay (BE) do?

Highbay (BE) is a Public limited company incorporated in 2016. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Etterbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0664.616.977
Incorporation
13/10/2016
Legal form
Public limited company
Registered office
Boulevard Saint-Michel 125
1040 Etterbeek · BruxellesSee on map
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
68203Rental and operating of own or leased real estate· main
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin2,5 M €-12,4 k €-17,9 k €-6,1 k €-6 k €-4,7 k €-3,8 k €-1,3 k €-3 k €
EBITDA2,5 M €-12,5 k €-18,4 k €-6,5 k €-6,1 k €-4,8 k €-3,9 k €-1,4 k €-3,2 k €
Operating result1,7 M €-12,5 k €-18,4 k €-6,5 k €-6,1 k €-4,8 k €-3,9 k €-1,4 k €-3,2 k €
Net result411,1 k €-44 k €-103,6 k €-63,4 k €-27,1 k €-2,7 k €-2,1 k €450,9 €-2,9 k €
Balance sheet
Equity665,9 k €254,8 k €-139,8 k €-36,2 k €27,2 k €54,3 k €57 k €59,1 k €58,6 k €
Total assets51,9 M €36,2 M €4,1 M €3,7 M €3,7 M €54,3 k €59,5 k €59,1 k €58,6 k €
Cash1,1 M €5,7 M €119,4 k €89,3 k €25,7 k €3 k €5,4 k €6,9 k €8,3 k €
Debts50,9 M €35,6 M €4 M €3,8 M €3,7 M €–2,5 k €––
Other
Workforce0,0 ETP0,0 ETP–––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

Bryan York Colwell

Director · since 28 mai 2025 · until 14 mai 2031

Active
Fabijan Matosevic

Director · since 28 mai 2025 · until 14 mai 2031

Active
Geraldine Copeland-Wright

Director · since 28 mai 2025 · until 14 mai 2031

Active
Michal Niecko

Director · since 28 mai 2025 · until 14 mai 2031

Active

Ended mandates

Capital@PRO

Director · since 17 juin 2024 · until 17 juin 2030 · 0746.776.868

Represented by Serge GREGOIR

Ended
Capital@PRO

Director · since 15 avril 2024 · until 14 juin 2030 · 0746.776.868

Represented by Serge Gregoir

Ended
North Investments

Director · since 15 avril 2024 · until 14 juin 2030 · 0746.777.957

Represented by Johan Vanoverberghe

Ended
North Investments

Director · since 15 avril 2024 · until 17 juin 2024 · 0746.777.957

Represented by Johan VANOVENBERGHE

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202603/06/202524/10/202419/06/202329/06/202207/07/2021
General meeting22/06/202627/05/202514/06/202409/06/202317/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/06/202606/07/2026DutchPDF
Abridged model31/12/202427/05/202503/06/2025DutchPDF
Abridged model31/12/202314/06/202424/10/2024DutchPDF
Abridged model31/12/202209/06/202319/06/2023DutchPDF
Abridged model31/12/202117/06/202229/06/2022DutchPDF
Abridged model31/12/202011/06/202107/07/2021DutchPDF
Abridged model31/12/201912/06/202002/07/2020DutchPDF
Abridged model31/12/201814/06/201902/07/2019DutchPDF
Abridged model31/12/201708/06/201828/06/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 29 ended

Active mandates

Bryan York Colwell

Director · since 28 mai 2025 · until 14 mai 2031

Active
Fabijan Matosevic

Director · since 28 mai 2025 · until 14 mai 2031

Active
Geraldine Copeland-Wright

Director · since 28 mai 2025 · until 14 mai 2031

Active
Michal Niecko

Director · since 28 mai 2025 · until 14 mai 2031

Active

Ended mandates

Capital@PRO

Director · since 17 juin 2024 · until 17 juin 2030 · 0746.776.868

Represented by Serge GREGOIR

Ended
Capital@PRO

Director · since 15 avril 2024 · until 14 juin 2030 · 0746.776.868

Represented by Serge Gregoir

Ended
North Investments

Director · since 15 avril 2024 · until 14 juin 2030 · 0746.777.957

Represented by Johan Vanoverberghe

Ended
North Investments

Director · since 15 avril 2024 · until 17 juin 2024 · 0746.777.957

Represented by Johan VANOVENBERGHE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/06/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/09/2024
    DIVERSEN
    PDF
  • Mandates19/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025411,1 k €↑
  2. 2025
    Name changeHighbay (BE)
  3. 2024
    Annual accounts 2024-44 k €↑
  4. 2024
    Name changeEUTRACO HIGHBAY I NV
  5. 2023
    Annual accounts 2023-103,6 k €↓
  6. 2022
    Annual accounts 2022-63,4 k €↓
  7. 2021
    Annual accounts 2021-27,1 k €↓
  8. 2020
    Annual accounts 2020-2,7 k €↓
  9. 2019
    Annual accounts 2019-2,1 k €↓
  10. 2018
    Annual accounts 2018450,9 €↑
  11. 2017
    Annual accounts 2017-2,9 k €
  12. 2017
    Name changeLarix Decidua
  13. 13/10/2016
    IncorporationPublic limited company