HELA
ActiveSummary
For the legal form of HELA, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €4.0m and a net result of €187,463. Equity remains stable across the filed fiscal years (±2.5% per year). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency100=
Growth52=
Track record100
Credit verdict
Credit up to €310,000 at 30 days acceptable
Liquidity ample (current ratio 40.06 against 22.68 in 2024; short-term debt: 1.1% and cash: 7% of total assets), and 5.5% of the assets are financed with debt.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
22 d early
2023
13 d early
2022
19 d early
2021
24 d early
2020
11 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 21 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€4.0m▲ 4.9%
2024 · €3.8m
Total assets
€4.3m▲ 3.6%
2024 · €4.1m
Net result
€187,463▲ 113%
2024 · €88,025
Working capital
€1.8m▲ 17.0%
2024 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€86,910▼ 81.8%€315,163▲ 263%€188,387▼ 40.2%€92,467▼ 50.9%€156,424▲ 69.2%
Net result€63,158▼ 82.4%€203,383▲ 222%€153,859▼ 24.3%€88,025▼ 42.8%€187,463▲ 113%
Equity€3.7m▼ 0.4%€3.6m▼ 3.3%€3.7m▲ 4.3%€3.8m▲ 2.3%€4.0m▲ 4.9%
Total assets€3.9m▼ 0.7%€3.9m▼ 1.9%€4.0m▲ 3.3%€4.1m▲ 2.6%€4.3m▲ 3.6%
Debt€29,581▼ 10.9%€64,156▲ 117%€45,716▼ 28.7%€72,763▲ 59.2%€47,238▼ 35.1%
Working capital€1.7m▼ 16.5%€1.8m▲ 1.2%€1.4m▼ 19.3%€1.6m▲ 11.4%€1.8m▲ 17.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 69% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€2.4m ▼ 3.8%
Current assets
€1.9m ▲ 14.7%
Equity and liabilities €4.3m
Equity
€4.0m ▲ 4.9%
Provisions
€184,764 ▼ 6.6%
Debt
€47,238 ▼ 35.1%
Debt's share of the balance-sheet total falls from 1.8% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€249,849▲
2024 · €185,885
Cash flow
€280,888▲
2024 · €181,443
Current ratio
40.06▲
2024 · 22.68
Quick ratio
31.97▲
2024 · 15.84
Debt to equity
0.01▼
2024 · 0.02
ROE
4.7%▲
2024 · 2.3%
ROA
4.4%▲
2024 · 2.1%
Interest coverage
32.47▲
2024 · 30.45
Debt ≤ 1 year
€47,238▼
2024 · €72,763
Income taxes
€52,218▲
2024 · €35,599
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €178,682 | €45,202 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €98,271 | €60,271 | €67,656 | €93,418 | €93,425 | = |
| Other operating charges640/8 | €24,078 | €24,731 | €24,340 | €25,257 | €27,593 | ▲ 9.2% |
| Gross operating margin9900 | €209,259 | €400,166 | €280,382 | €211,143 | €277,443 | ▲ 31.4% |
| Operating profit (loss)9901 | €86,910 | €315,163 | €188,387 | €92,467 | €156,424 | ▲ 69.2% |
| Financial income75/76B | €3,710 | €20,965 | €18,510 | €24,295 | €77,984 | ▲ 221% |
| Recurring financial income75 | €3,710 | €20,965 | €18,510 | €24,295 | €77,984 | ▲ 221% |
| Financial charges65/66B | €4,693 | €53,172 | €4,557 | €6,105 | €7,695 | ▲ 26.0% |
| Recurring financial charges65 | €4,693 | €53,172 | €4,557 | €6,105 | €7,695 | ▲ 26.0% |
| Profit (loss) for the period before taxes9903 | €85,926 | €282,957 | €202,340 | €110,657 | €226,714 | ▲ 105% |
| Transfer from deferred taxes780 | €8,376 | €8,376 | €9,408 | €12,967 | €12,967 | = |
| Transfer to deferred taxes680 | - | €21,906 | €1,891 | €0 | - | - |
| Income taxes67/77 | €31,145 | €66,045 | €55,997 | €35,599 | €52,218 | ▲ 46.7% |
| Profit (loss) for the period9904 | €63,158 | €203,383 | €153,859 | €88,025 | €187,463 | ▲ 113% |
| Transfer from tax-exempt reserves789 | €25,128 | €25,128 | €28,223 | €38,902 | €38,902 | = |
| Transfer to tax-exempt reserves689 | - | €65,717 | €3,672 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €88,286 | €162,794 | €178,409 | €126,927 | €226,365 | ▲ 78.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €3.9m | €4.0m | €4.1m | €4.3m | ▲ 3.6% |
| Fixed assets21/28 | €2.2m | €2.1m | €2.5m | €2.5m | €2.4m | ▼ 3.8% |
| Tangible fixed assets22/27 | €2.2m | €2.1m | €2.5m | €2.5m | €2.4m | ▼ 3.8% |
| Land and buildings22 | €2.2m | €2.1m | €2.5m | €2.5m | €2.4m | ▼ 3.8% |
| Current assets29/58 | €1.8m | €1.8m | €1.5m | €1.6m | €1.9m | ▲ 14.7% |
| Stocks and contracts in progress3 | - | - | - | €497,172 | €382,336 | ▼ 23.1% |
| Stocks30/36 | - | - | - | €497,172 | €382,336 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €4,682 | €5,565 | €95,565 | €39,699 | €287,449 | ▲ 624% |
| Trade receivables40 | - | - | €90,000 | €0 | €281,884 | - |
| Other amounts receivable41 | €4,682 | €5,565 | €5,565 | €39,699 | €5,565 | ▼ 86.0% |
| Current investments50/53 | €449,703 | €536,797 | €666,713 | €758,230 | €922,601 | ▲ 21.7% |
| Cash at bank and in hand54/58 | €1.3m | €1.3m | €699,252 | €354,646 | €299,942 | ▼ 15.4% |
| Deferred charges and accrued income490/1 | - | - | - | €185 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €3.9m | €4.0m | €4.1m | €4.3m | ▲ 3.6% |
| Equity10/15 | €3.7m | €3.6m | €3.7m | €3.8m | €4.0m | ▲ 4.9% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | €1.3m | €1.3m | - | - | - | - |
| Issued capital100 | €1.3m | €1.3m | - | - | - | - |
| Outside capital11 | - | - | - | - | €1.3m | - |
| Other1109/19 | - | - | - | - | €1.3m | - |
| Reserves13 | €2.4m | €2.3m | €2.4m | €2.5m | €2.7m | ▲ 7.4% |
| Non-distributable reserves130/1 | €130,000 | €130,000 | €130,000 | €130,000 | €130,000 | = |
| Legal reserve130 | €130,000 | €130,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €130,000 | €130,000 | €130,000 | = |
| Tax-exempt reserves132 | €616,057 | €656,646 | €632,095 | €593,194 | €554,292 | ▼ 6.6% |
| Distributable reserves133 | €1.7m | €1.5m | €1.7m | €1.8m | €2.0m | ▲ 12.5% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | €204,686 | €218,215 | €210,698 | €197,731 | €184,764 | ▼ 6.6% |
| Deferred taxes168 | €204,686 | €218,215 | €210,698 | €197,731 | €184,764 | ▼ 6.6% |
| Amounts payable17/49 | €29,581 | €64,156 | €45,716 | €72,763 | €47,238 | ▼ 35.1% |
| Amounts payable within one year42/48 | €29,581 | €64,156 | €45,716 | €72,763 | €47,238 | ▼ 35.1% |
| Trade debts44 | €13,765 | €15,662 | €11,041 | €14,073 | €2,838 | ▼ 79.8% |
| Suppliers440/4 | €13,765 | €15,662 | €11,041 | €14,073 | €2,838 | ▼ 79.8% |
| Taxes, remuneration and social security45 | €12,516 | €42,494 | €28,675 | €28,675 | €14,385 | ▼ 49.8% |
| Taxes450/3 | €12,516 | €42,494 | €28,675 | €28,675 | €14,385 | ▼ 49.8% |
| Other amounts payable47/48 | €3,300 | €6,000 | €6,000 | €30,015 | €30,015 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,158 | €203,383 | €153,859 | €88,025 | €187,463 | ▲ 113% |
| + Depreciation and write-downs630 | €98,271 | €60,271 | €67,656 | €93,418 | €93,425 | = |
| Operating cash flow (approximation) | €161,429 | €263,654 | €221,515 | €181,443 | €280,888 | ▲ 54.8% |
| Investment in fixed assets (approximation) | - | €68,942 | -€552,334 | -€7,122 | €0 | ▲ 100% |
| Change in cash | - | -€32,582 | -€576,694 | -€344,606 | -€54,704 | ▲ 84.1% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €63,158 ▼82.4%
Net result drops to €63,158, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €358,157 ▲296%
Operating result €476,458, net result €358,157, both a record.
31-12
Financial
Liquidity doublescurrent ratio 63.54
Current ratio from 30.34 to 63.54; short-term debt falls from €43,517 to €33,191.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 30.34
Current ratio from 10.90 to 30.34; short-term debt falls from €129,693 to €43,517.
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are 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, Zutendaal · 1 establishment unit since 1989
Ground area
4,939 m²
Building footprint
384 m²
Volume, LiDAR
2,349 m³
Parcel 71067B0295/02M000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoogstraat 108, 3690 Zutendaal
since 19892.044.735.056
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71067B0295/02M000 | Flanders | 4,939 m² | 1 · 384 m² | 9.2 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.
Identification & contact
Identification
Legal formPartnership limited by shares
Founded16-08-1989
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438186117
Also
9925:BE0438186117
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.