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Ets HELLEMANS

Active
Private limited companyfounded 20242 yrs activeRue Henry Dandoy(FW) 29, 5020 Namur, BelgiumKBO/BCE: BE 1007.874.540
Summary

The computed 12-month bankruptcy probability of Ets HELLEMANS is 3.6% (moderate). The 2025 annual accounts show equity of €6,367 and a net result of -€133. Its solvency ranks better than 12% of 28374 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability38
Solvency32
Growth-
Track record67
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.03; short-term debt: 73.7% of total assets), and 93.3% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
6.7%
Return on assets
-0.1%
Age of the figures
15 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 28374 sector peers (2025).
NBB · sector comparison
Position among 28374 sector peers
Solvency
better than 12%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-07-2026, 157 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2025
157 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 April 2024, Ets HELLEMANS was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€6,367
Total assets
€95,314
Net result
-€133
Working capital
€2,054

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €95,314
Fixed assets €23,004
Current assets €72,310
Equity and liabilities €95,314
Equity €6,367
Debt €88,946
Debt finances 93.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€13,143
Cash flow
€5,614
Current ratio
1.03
Quick ratio
0.41
Debt to equity
13.97
ROE
-2.1%
ROA
-0.1%
Interest coverage
2.34
Debt ≤ 1 year
€70,255
Debt > 1 year
€18,691
Income taxes
€2,399

Peer companies

Historical observation

Of the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
93% 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 3.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,301 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€95,314
Fixed assets21/28€23,004
Tangible fixed assets22/27€23,004
Plant, machinery and equipment23€23,004
Current assets29/58€72,310
Stocks and contracts in progress3€43,735
Stocks30/36€20,392
Contracts in progress37€23,343
Amounts receivable within one year40/41€26,450
Trade receivables40€8,868
Other amounts receivable41€17,582
Deferred charges and accrued income490/1€2,125
Equity and liabilities
Total equity and liabilities10/49€95,314
Equity10/15€6,367
Contributions10/11€6,500
Profit (loss) carried forward14-€133
Amounts payable17/49€88,946
Amounts payable after more than one year17€18,691
Financial debts170/4€18,691
Amounts payable within one year42/48€70,255
Current portion of amounts payable after more than one year42€5,934
Financial debts43€13,325
Credit institutions430/8€13,325
Trade debts44€50,540
Suppliers440/4€50,540
Taxes, remuneration and social security45€457
Taxes450/3€457
Income statement Code2025
Non-recurring operating income76A€354
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,747
Other operating charges640/8€1,629
Gross operating margin9900€14,772
Operating profit (loss)9901€7,396
Financial income75/76B€495
Recurring financial income75€495
Financial charges65/66B€5,625
Recurring financial charges65€5,625
Profit (loss) for the period before taxes9903€2,266
Income taxes67/77€2,399
Profit (loss) for the period9904-€133
Profit (loss) for the period to be appropriated9905-€133
Appropriation of the result
Profit (loss) to be appropriated9906-€133

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Non-recurring operating income76A€354
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,747
Other operating charges640/8€1,629
Gross operating margin9900€14,772
Operating profit (loss)9901€7,396
Financial income75/76B€495
Recurring financial income75€495
Financial charges65/66B€5,625
Recurring financial charges65€5,625
Profit (loss) for the period before taxes9903€2,266
Income taxes67/77€2,399
Profit (loss) for the period9904-€133
Profit (loss) for the period to be appropriated9905-€133
Line2025
Assets
Total assets20/58€95,314
Fixed assets21/28€23,004
Tangible fixed assets22/27€23,004
Plant, machinery and equipment23€23,004
Current assets29/58€72,310
Stocks and contracts in progress3€43,735
Stocks30/36€20,392
Contracts in progress37€23,343
Amounts receivable within one year40/41€26,450
Trade receivables40€8,868
Other amounts receivable41€17,582
Deferred charges and accrued income490/1€2,125
Equity and liabilities
Total equity and liabilities10/49€95,314
Equity10/15€6,367
Contributions10/11€6,500
Profit (loss) carried forward14-€133
Amounts payable17/49€88,946
Amounts payable after more than one year17€18,691
Financial debts170/4€18,691
Amounts payable within one year42/48€70,255
Current portion of amounts payable after more than one year42€5,934
Financial debts43€13,325
Credit institutions430/8€13,325
Trade debts44€50,540
Suppliers440/4€50,540
Taxes, remuneration and social security45€457
Taxes450/3€457
Line2025
Profit (loss) for the period9904-€133
+ Depreciation and write-downs630€5,747
Operating cash flow (approximation)€5,614

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 157 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Namur · 1 establishment unit since 2024
seat establishment approximate The establishment unit on the map
Ground area
3,747 m²
Building footprint
78 m²
Volume, LiDAR
671 m³
2 parcels, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Ets HELLEMANS
Rue de l'Eco-Construction(RH) 3, 5020 NamurConstruction of residential and non-residential buildings
since 20242.364.850.496
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92120F0026/00Y006 Wallonia 2,527 m² - -
92043B0469/00A000 Wallonia 1,220 m² 1 · 78 m² 10.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 11,140 companies in sector 43910 we hold annual accounts for 5,495. 2,248 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
Founded02-04-2024
Fiscal year end30-06
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41003General construction of other non-residential buildings
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007874540
Also 9925:BE1007874540
Registered 04-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.