What does Highbay (BE) do?

Highbay (BE) is a property company in Etterbeek. Public Limited, started on 13 October 2016, 1 establishment.

What is the address of Highbay (BE)?

The registered office of Highbay (BE) is located at Sint-Michielslaan 125, 1040 Etterbeek.

Is Highbay (BE) still active?

Yes. According to the CBE (29 October 2026) Highbay (BE) is active, legal situation “Normale toestand”, started on 13 October 2016.

Is Highbay (BE) registered on Peppol?

Yes, Highbay (BE) is registered on the Peppol network with ID 0208:0664616977.

What is the enterprise number of Highbay (BE)?

The enterprise number of Highbay (BE) is BE0664616977.

When was Highbay (BE) founded?

Highbay (BE) was founded on 13 October 2016.

Who are the directors of Highbay (BE)?

According to the 2025 annual accounts, the directors of Highbay (BE) are: Michal Niecko, Geraldine Copeland-Wright, Bryan York Colwell, Fabijan Matosevic.

Is Highbay (BE) a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 October 2016; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did Highbay (BE) make in 2025?

Highbay (BE) posted a profit after taxes of € 411,090 in financial year 2025.

What is the revenue of Highbay (BE)?

As a small company, Highbay (BE) is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 2,493,997.

How many employees does Highbay (BE) have?

According to the 2025 annual accounts, Highbay (BE) has 0 full-time equivalents (FTE).

Highbay (BE) (Public Limited) - Etterbeek - BE0664616977

Dossier Highbay (BE), printed on 29 October 2026 from databakkes.be/en/0664616977/highbay-be. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

69 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Highbay (BE) from Etterbeek, company number BE0664616977, closed financial year 2025 with a result of € 411,090 after tax. For that financial year Highbay (BE) recorded a gross margin of € 2.5 million and equity of € 665,881. Compared with financial year 2024, the result moved from € -43,955 to € 411,090. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.

What it is worth Growing

€ 665,881

▲ 161% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 411,090

▲ still € 43,955 loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.1 million

▼ 81% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 165,881.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Debts at end 2025

Bank debt ≈ 11 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 47.9 million

▲ 81% vs 2024

€ 4.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 2.8 million

▲ 10% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 123,588

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -6,055 Gross margin 2022: € -6,055 First fiscal year in the series	€ -17,918 Gross margin 2023: € -17,918 ▼ € 11,863 vs 2022 (€ -6,055) Unfavourable step	€ -12,430 Gross margin 2024: € -12,430 ▲ € 5,489 vs 2023 (€ -17,918) Favourable step	€ 2,493,997 Gross margin 2025: € 2,493,997 ▲ € 2.5 million vs 2024 (€ -12,430) Favourable step	▲ € 2.5 million
Profit after taxes	€ -63,400 Profit after taxes 2022: € -63,400 First fiscal year in the series	€ -103,572 Profit after taxes 2023: € -103,572 ▼ € 40,172 vs 2022 (€ -63,400) Unfavourable step	€ -43,955 Profit after taxes 2024: € -43,955 ▲ € 59,616 vs 2023 (€ -103,572) Favourable step	€ 411,090 Profit after taxes 2025: € 411,090 ▲ € 455,045 vs 2024 (€ -43,955) Favourable step	▲ € 455,045
Equity	€ -36,182 Equity 2022: € -36,182 First fiscal year in the series	€ -139,754 Equity 2023: € -139,754 ▼ € 103,572 vs 2022 (€ -36,182) Unfavourable step	€ 254,791 Equity 2024: € 254,791 ▲ € 394,545 vs 2023 (€ -139,754) Favourable step	€ 665,881 Equity 2025: € 665,881 ▲ 161% vs 2024 (€ 254,791) Favourable step	▲ 161%
Total debts	€ 3,762,996 Total debts 2022: € 3,762,996 First fiscal year in the series	€ 4,280,087 Total debts 2023: € 4,280,087 ▲ 14% vs 2022 (€ 3,762,996) Unfavourable step	€ 35,924,963 Total debts 2024: € 35,924,963 ▲ € 31.6 million vs 2023 (€ 4,280,087) Unfavourable step	€ 51,185,192 Total debts 2025: € 51,185,192 ▲ 42% vs 2024 (€ 35,924,963) Unfavourable step	▲ 42%
Cash	€ 89,257 Cash 2022: € 89,257 First fiscal year in the series	€ 119,399 Cash 2023: € 119,399 ▲ 34% vs 2022 (€ 89,257) Favourable step	€ 5,702,382 Cash 2024: € 5,702,382 ▲ € 5.6 million vs 2023 (€ 119,399) Favourable step	€ 1,101,614 Cash 2025: € 1,101,614 ▼ 81% vs 2024 (€ 5,702,382) Unfavourable step	▼ 81%
Land & buildings	-	-	-	€ 50,347,064 Land & buildings 2025: € 50,347,064 First fiscal year in the series
Retained profit	€ -97,682 Retained profit 2022: € -97,682 First fiscal year in the series	€ -201,254 Retained profit 2023: € -201,254 ▼ € 103,572 vs 2022 (€ -97,682) Unfavourable step	€ -245,209 Retained profit 2024: € -245,209 ▼ € 43,955 vs 2023 (€ -201,254) Unfavourable step	€ 165,881 Retained profit 2025: € 165,881 ▲ € 411,090 vs 2024 (€ -245,209) Favourable step	▲ € 411,090
Bank debt	€ 1,887,472 Bank debt 2022: € 1,887,472 First fiscal year in the series	€ 1,887,472 Bank debt 2023: € 1,887,472 Unchanged (€ 1,887,472) Unchanged	€ 26,419,143 Bank debt 2024: € 26,419,143 ▲ € 24.5 million vs 2023 (€ 1,887,472) Unfavourable step	€ 47,891,954 Bank debt 2025: € 47,891,954 ▲ 81% vs 2024 (€ 26,419,143) Unfavourable step	▲ 81%
Balance sheet total	€ 3,726,813 Balance sheet total 2022: € 3,726,813 First fiscal year in the series	€ 4,140,334 Balance sheet total 2023: € 4,140,334 ▲ 11% vs 2022 (€ 3,726,813) Unchanged	€ 36,179,754 Balance sheet total 2024: € 36,179,754 ▲ € 32 million vs 2023 (€ 4,140,334) Unchanged	€ 51,851,073 Balance sheet total 2025: € 51,851,073 ▲ 43% vs 2024 (€ 36,179,754) Unchanged	▲ 43%

Key figures of Highbay (BE), fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Highbay (BE)?

What happened at Highbay (BE) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Michal Niecko stepped down as director. NBB
2031 Geraldine Copeland-Wright stepped down as director. NBB
2031 Bryan York Colwell stepped down as director. NBB
2031 Fabijan Matosevic stepped down as director. NBB
Jul 6, 2026 New annual accounts for financial year 2025: profit of € 411,090. Source: NBB ↗
2025 Michal Niecko became a director. NBB
2025 Geraldine Copeland-Wright became a director. NBB
2025 Bryan York Colwell became a director. NBB

In short

From € 63,400 loss in 2022 to € 411,090 profit in 2025.

Paid € 63,000 in corporate taxes since 2022.

Best year ever: 2025, with € 411,090 profit.

Original PDFs at the National Bank ↗

Management

EUTRACO Holding 100%

MG Real Estate 89.4%

Magnifera 10.6%

The stake of EUTRACO Holding, MG Real Estate, Magnifera comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Highbay (BE)

The shares are held by EUTRACO Holding (100%), MG Real Estate (89.4%) and Magnifera (10.6%).

Directors

According to the 2025 annual accounts

Michal Niecko

Director

since 2025 · until 2031

Geraldine Copeland-Wright

Director

since 2025 · until 2031

Bryan York Colwell

Director

since 2025 · until 2031

Fabijan Matosevic

Director

since 2025 · until 2031

Shareholders

EUTRACO Holding

100%

MG Real Estate

89.4%

Magnifera

10.6%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Sint-Michielslaan 125

1040 Etterbeek

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.

All companies at this address →

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+64 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0664.616.977
VAT number: BE 0664.616.977
Registered office: Sint-Michielslaan 125, 1040 Etterbeek
Names & denominations: Highbay (BE)
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 13 October 2016
Peppol: Active · Active since 17 Jul 2026
Activities · NACE: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗

Highbay (BE)

Warning lights

Financials

What happened to Highbay (BE)?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions