BM HELIOS
ActiveSummary
BM HELIOS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €231,890 and a net result of €146,900. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 36370 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▲+10
Solvency33▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.9 against 2.33 in 2023; short-term debt: 33.2% and cash: 2.8% of total assets), but 92.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 13% of 36370 sector peers (2024).
NBB · sector comparisonPosition among 36370 sector peers
Solvency
better than 13%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €231,890
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
63 d late
2022
77 d late
2021
114 d late
2020
102 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 79 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€231,890▲ 173%
2023 · €84,990
Total assets
€3.0m▼ 19.6%
2023 · €3.8m
Net result
€146,900▲ 163%
2023 · €55,764
Working capital
€1.9m▼ 10.3%
2023 · €2.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€79,382▲ 99.2%-€66,456€110,746€203,814▲ 84.0%€354,785▲ 74.1%
Net result€44,845above the sector's middle half▲ 152%-€109,708below the sector's middle half€50,307above the sector's middle half€55,764above the sector's middle half▲ 10.8%€146,900above the sector's middle half▲ 163%
Equity€88,627within the sector's middle half▲ 102%-€21,082below the sector's middle half€29,226within the sector's middle half€84,990within the sector's middle half▲ 191%€231,890above the sector's middle half▲ 173%
Total assets€2.2mabove the sector's middle half▲ 68.5%€2.8mabove the sector's middle half▲ 26.3%€3.1mabove the sector's middle half▲ 9.9%€3.8mabove the sector's middle half▲ 22.7%€3.0mabove the sector's middle half▼ 19.6%
Debt€2.1m▲ 67.3%€2.8m▲ 32.6%€3.0m▲ 8.1%€3.7m▲ 21.1%€2.8m▼ 24.1%
Working capital€1.3mabove the sector's middle half▲ 71.0%€1.7mabove the sector's middle half▲ 37.2%€1.9mabove the sector's middle half▲ 12.7%€2.1mabove the sector's middle half▲ 8.8%€1.9mabove the sector's middle half▼ 10.3%
Solvency4.0%below the sector's middle half▲ 0.7pp-0.8%below the sector's middle half▼ 4.8pp1.0%below the sector's middle half▲ 1.7pp2.3%below the sector's middle half▲ 1.3pp7.7%below the sector's middle half▲ 5.4pp
Current ratio2.41within the sector's middle half▲ 0.032.73within the sector's middle half▲ 0.332.81within the sector's middle half▲ 0.082.33within the sector's middle half▼ 0.482.90within the sector's middle half▲ 0.56
Return on assets (ROA)2.0%within the sector's middle half▲ 0.7pp-3.9%below the sector's middle half▼ 6.0pp1.6%within the sector's middle half▲ 5.6pp1.5%within the sector's middle half▼ 0.2pp4.9%within the sector's middle half▲ 3.4pp
Staff (FTE)1within the sector's middle half▲ 900%1=
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 74% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.0m
Fixed assets
€115,961 ▲ 158%
Current assets
€2.9m ▼ 21.8%
Equity and liabilities €3.0m
Equity
€231,890 ▲ 173%
Debt
€2.8m ▼ 24.1%
Debt's share of the balance-sheet total falls from 97.7% to 92.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€381,754▲
2023 · €220,630
Cash flow
€173,870▲
2023 · €72,580
Quick ratio
0.37▼
2023 · 0.91
Debt to equity
12.01▼
2023 · 43.15
ROE
63.3%▼
2023 · 65.6%
Interest coverage
2.54▲
2023 · 1.86
Debt ≤ 1 year
€1.0m▼
2023 · €1.6m
Debt > 1 year
€1.8m▼
2023 · €2.1m
Income taxes
€56,679▲
2023 · €29,561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,016 | - |
| Remuneration, social security and pensions62 | - | €1,850 | €1,338 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,289 | €26,612 | €14,563 | €16,815 | €26,969 | ▲ 60.4% |
| Other operating charges640/8 | - | €32,465 | €25,314 | €15,756 | €6,078 | ▼ 61.4% |
| Non-recurring operating charges66A | - | - | - | - | €13,513 | - |
| Gross operating margin9900 | €112,664 | -€5,528 | €151,961 | €236,386 | €401,346 | ▲ 69.8% |
| Operating profit (loss)9901 | €79,382 | -€66,456 | €110,746 | €203,814 | €354,785 | ▲ 74.1% |
| Financial income75/76B | - | €39 | €0 | €2 | €262 | ▲ 12,354% |
| Recurring financial income75 | €105 | €39 | €0 | €2 | €262 | ▲ 12,354% |
| Financial charges65/66B | - | €43,291 | €60,439 | €118,491 | €151,467 | ▲ 27.8% |
| Recurring financial charges65 | €27,362 | €43,291 | €60,439 | €118,491 | €150,234 | ▲ 26.8% |
| Non-recurring financial charges66B | - | - | - | - | €1,233 | - |
| Profit (loss) for the period before taxes9903 | €52,125 | -€109,708 | €50,307 | €85,325 | €203,579 | ▲ 139% |
| Income taxes67/77 | €7,280 | - | - | €29,561 | €56,679 | ▲ 91.7% |
| Profit (loss) for the period9904 | €44,845 | -€109,708 | €50,307 | €55,764 | €146,900 | ▲ 163% |
| Profit (loss) for the period to be appropriated9905 | €44,845 | -€109,708 | €50,307 | €55,764 | €146,900 | ▲ 163% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.8m | €3.1m | €3.8m | €3.0m | ▼ 19.6% |
| Fixed assets21/28 | €50,473 | €59,411 | €40,622 | €44,924 | €115,961 | ▲ 158% |
| Tangible fixed assets22/27 | €50,473 | €59,411 | €40,622 | €44,924 | €115,961 | ▲ 158% |
| Land and buildings22 | - | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Plant, machinery and equipment23 | - | €6,367 | €4,483 | €2,970 | €1,680 | ▼ 43.4% |
| Furniture and vehicles24 | - | €46,044 | €29,139 | €34,954 | €107,281 | ▲ 207% |
| Current assets29/58 | €2.2m | €2.7m | €3.0m | €3.7m | €2.9m | ▼ 21.8% |
| Stocks and contracts in progress3 | €1.5m | €1.9m | €2.1m | €2.3m | €2.5m | ▲ 12.1% |
| Stocks30/36 | - | €1.9m | €2.1m | €2.3m | €2.5m | ▲ 12.1% |
| Amounts receivable within one year40/41 | €235,859 | €122,294 | €325,370 | €835,514 | €253,834 | ▼ 69.6% |
| Trade receivables40 | - | €95,060 | €325,370 | €825,051 | €248,574 | ▼ 69.9% |
| Other amounts receivable41 | - | €27,234 | - | €10,464 | €5,260 | ▼ 49.7% |
| Cash at bank and in hand54/58 | €41,612 | €214,733 | €7,809 | €35,174 | €84,844 | ▲ 141% |
| Deferred charges and accrued income490/1 | - | €472,877 | €551,389 | €577,279 | €28,577 | ▼ 95.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.8m | €3.1m | €3.8m | €3.0m | ▼ 19.6% |
| Equity10/15 | €88,627 | -€21,082 | €29,226 | €84,990 | €231,890 | ▲ 173% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Capital10 | - | €19,000 | €19,000 | €19,000 | - | - |
| Issued capital100 | - | €19,000 | €19,000 | €19,000 | - | - |
| Reserves13 | €45,150 | €45,150 | €45,150 | €45,150 | €45,150 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Legal reserve130 | - | €1,900 | €1,900 | €1,900 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,900 | - |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €24,500 | €24,500 | €24,500 | €24,500 | = |
| Profit (loss) carried forward14 | €24,477 | -€85,232 | -€34,924 | €20,840 | €167,740 | ▲ 705% |
| Amounts payable17/49 | €2.1m | €2.8m | €3.0m | €3.7m | €2.8m | ▼ 24.1% |
| Amounts payable after more than one year17 | €1.2m | €1.8m | €2.0m | €2.1m | €1.8m | ▼ 14.2% |
| Financial debts170/4 | - | €1.8m | €2.0m | €2.1m | €1.8m | ▼ 14.2% |
| Amounts payable within one year42/48 | €894,540 | €995,595 | €1.1m | €1.6m | €1.0m | ▼ 37.0% |
| Current portion of amounts payable after more than one year42 | - | €8,293 | - | - | - | - |
| Financial debts43 | - | - | €29,839 | €31,933 | - | - |
| Credit institutions430/8 | - | - | €29,839 | €31,933 | - | - |
| Trade debts44 | €344,739 | €373,878 | €468,979 | €1.1m | €554,402 | ▼ 48.4% |
| Suppliers440/4 | - | €373,878 | €468,979 | €1.1m | €554,402 | ▼ 48.4% |
| Advances received on contracts in progress46 | - | - | €23,235 | €49,353 | - | - |
| Taxes, remuneration and social security45 | - | €16,473 | €4,757 | €29,561 | €116,225 | ▲ 293% |
| Taxes450/3 | - | €10,276 | €2,957 | €29,561 | €116,225 | ▲ 293% |
| Remuneration and social security454/9 | - | €6,197 | €1,800 | - | - | - |
| Other amounts payable47/48 | - | €596,951 | €545,230 | €405,183 | €331,150 | ▼ 18.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,845 | -€109,708 | €50,307 | €55,764 | €146,900 | ▲ 163% |
| + Depreciation and write-downs630 | €20,289 | €26,612 | €14,563 | €16,815 | €26,969 | ▲ 60.4% |
| Operating cash flow (approximation) | €65,134 | -€83,096 | €64,871 | €72,580 | €173,870 | ▲ 140% |
| Investment in fixed assets (approximation) | - | -€35,550 | €4,226 | -€21,118 | -€98,006 | ▼ 364% |
| Change in cash | - | €173,121 | -€206,924 | €27,365 | €49,670 | ▲ 81.5% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €146,900 ▲163%
Operating result €354,785, net result €146,900, both a record.
31-12
Financial
Equity above €200,000Eq €231,890 ▲173%
3 profitable years in a row build equity to €231,890.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 77 days late
2022
31-12
Financial
Back to profitnet €50,307
Net result €50,307 after one loss-making year.
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
31-12
Financial
Weakest financial yearnet -€109,708
Net result drops to -€109,708, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Fontaine-l'Evêque · 2 establishment units since 2012
Ground area
169 m²
Building footprint
37 m²
Volume, LiDAR
251 m³
Parcel 52022C0235/00Z000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
BM HELIOS
since 20122.206.651.614
BM HELIOS
since 20252.379.411.285
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52022C0235/00Z000 | Wallonia | 169 m² | 1 · 37 m² | 8.3 m · 2 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 20,017 companies in this sector we hold annual accounts for 9,142. 7,238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded19-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43120Site preparation
43130Specialised construction activities
43230Insulation installation
43332Laying of wooden floor and wall coverings
43343Specialised construction activities
Contact
Phone
+32494545903
E-invoicing
Reachable via Peppol
Peppol ID
0208:0842872590
Also
9925:BE0842872590
Registered
16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.