Liquidity
1.42 was 0.07 in 2024
Short-term debts fell from €23,403 to €6,716.
HELDO
Lifetime
19 annual accounts with figures on one time axis, 33 filings since 1991peak €51,717 (2020)
€28,002▲ 54.7%
lowest -€7,957 (2024)
€6,040▲ €13,996
peak €70,687 (2020)
€64,801▲ 10.3%
€6,716▼ 71.3%
Board1 name since 2021
1 directorPHILIPS Dominic Georges Fernand Marie
Documentsfilings and deeds
08-05-202684 days before the deadline
2025micro format
Gross margin from €18,102 to €28,002Back to profit: €6,040Registered office moved from Brussels to Lasne 19-09Debts from €23,403 to €6,716Cash from €7 to €8,383
Key points
from the 2025 annual accountsFilings
33 annual accounts since 1991
The last five annual accounts were filed 65 to 84 days before the end of the period.
Position in the sector
90.6%
Higher solvency than 87% of companies in publishing. Sector median 49.6% · 825 companies.
Checked score
91
Excellent
Financially stronger than 68% of micro companies in publishing (NACE 58)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,282 companies (NACE 58, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 2.1%▲ +0.8 percentage points vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.3%▲ +0.2 percentage points vs 02-2025highest value
04-2025: 2.1%▼ -0.2 percentage points vs 03-2025
05-2025: 2.1%● unchanged vs 04-2025
06-2025: 0.4%▼ -1.7 percentage points vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.9%▲ +0.5 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.7 percentage points vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Sector: Publishing activities (NACE 58)
Founded in 1990
Figures for financial year 2025 (filed on 12-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 58, micro). It does better than 87% of them on solvency, 59% on liquidity, 63% on profitability and 62% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as HELDO has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HELDO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for HELDO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.42 (0.07 in 2024), below the usual 1.5. Short-term debt is 9.4% and cash 11.7% of total assets. 9.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 days early
2024
73 days early
2022
76 days early
2021
76 days early
2020
65 days early
2019
53 days early
2018
69 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 71 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440916765
Registered office moved from Brussels to Lasne
New registered office: Chemin du Catty 9 à 1380 LASNE · Previous registered office: Avenue Emile De Mot 12. bte 11 à 1000 Bruxelles · General meeting of 01-09-2025 · Gazette deed
Reappointment: PHILIPS Dominic Georges Fernand Marie (statutory director)
General meeting of 26-05-2021 · Gazette deed
First establishment
CHRISTIAN DARDILHAC SPRL, Emile De Motlaan 12, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HELDO Lasne | €71,517 | €28,002 | 90.6% | - |
| AKWASTILIS Izegem | €118,888 | €17,685 | -39.9% | - |
| PANDORA UITGEVERS Leuven | €80,036 | €10,975 | 66.0% | - |
| STICHTING KUNSTBOEK Oostkamp | €74,144 | €73,066 | 53.8% | - |
| LES EDITIONS DU CERISIER Mons | €44,771 | €52,300 | 73.0% | - |
| TIME-MANAGE Antwerp | €118,242 | €53,516 | 38.4% | 1 |
| B and L ASSOCIATES Uccle | €80,379 | €9,064 | 98.9% | - |
These companies have the same main activity as HELDO: book publishing (NACE 58110). They are comparable in size and age: total assets between €44,800 and €119,000, founded between 1987 and 1996.
Official details
Source: KBO- Status
- Active since 31-05-1990Normal situation
- Activity
- Book publishingNACE 58110
- Establishment unit
- 2.048.671.3751000 Brussels, since 25-06-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- ≈ €110,000estimated
- €71,517▼ 13.0%
- ≈ 0 FTEestimated
- Filing
- Filed on 08-05-2026, 84 days before the end of the filing period
Insights on HELDO
HELDO files the micro format. That format states no turnover. The gross margin rose from €14,688 in 2006 to €28,002 in 2025.
The balance sheet grew most from 2019 to 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HELDO
- What is the company number of HELDO?
- The company number of HELDO is 0440.916.765. The VAT number is the same number with BE in front: BE 0440.916.765.
- Where is HELDO based?
- The registered office is at Chemin du Catty 9, 1380 Lasne.Company details
- What does HELDO do?
- According to the KBO register, the main activity is book publishing (NACE 58110).
- What is the legal form of HELDO?
- HELDO is a private limited company (BV).
- When was HELDO founded?
- HELDO was founded on 31-05-1990.
- Is HELDO still active?
- Yes, HELDO is an active enterprise in the KBO register.
- What is the turnover of HELDO?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €28,002 and 2,935 comparable companies of the same size. It probably lies between €68,000 and €200,000. It is a rough estimate.Financials
- Is HELDO profitable?
- In financial year 2025, HELDO made a profit of €6,040.
- Where can I find the annual accounts of HELDO?
- HELDO filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HELDO due?
- HELDO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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