HELA
ActiveSummary
HELA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.3m and a net result of €1.1m. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 682 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-1
Solvency100=
Growth68=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950,000 at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.67 in 2024; short-term debt: 21.2% and cash: 15.3% of total assets), and 24.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
75.2%
Return on assets
7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
27 d early
2023
34 d early
2022
24 d early
2021
11 d late
2020
4 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed 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 6 July (4 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#5 company by equity in Pelt, Manufacturing sector#9 company by total assets in Pelt, Manufacturing sector
Turnover
€20.2m▲ 8.1%
2024 · €18.7m
EBIT margin
6.9%▼ 0.5pp
2024 · 7.5%
Net result
€1.1m▲ 12.1%
2024 · €1.0m
Working capital
€2.5m▲ 44.6%
2024 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€19.8m▲ 62.6%€20.5m▲ 3.0%€18.5m▼ 9.6%€18.7m▲ 1.2%€20.2m▲ 8.1%
Operating result€1.1m▲ 15.6%€1.3m▲ 15.0%€1.3m▲ 1.5%€1.4m▲ 4.3%€1.4m▲ 0.8%
Net result€825,297above the sector's middle half▲ 11.5%€881,044above the sector's middle half▲ 6.8%€952,245above the sector's middle half▲ 8.1%€1.0mabove the sector's middle half▲ 7.1%€1.1mabove the sector's middle half▲ 12.1%
EBIT margin5.8%▼ 2.3pp6.4%▲ 0.7pp7.2%▲ 0.8pp7.5%▲ 0.2pp6.9%▼ 0.5pp
Equity€8.3mabove the sector's middle half▲ 11.1%€9.1mabove the sector's middle half▲ 10.7%€10.1mabove the sector's middle half▲ 10.4%€11.1mabove the sector's middle half▲ 10.1%€12.3mabove the sector's middle half▲ 10.3%
Total assets€13.9mabove the sector's middle half▲ 45.4%€14.3mabove the sector's middle half▲ 3.2%€13.3mabove the sector's middle half▼ 7.2%€14.4mabove the sector's middle half▲ 8.2%€16.3mabove the sector's middle half▲ 13.4%
Debt€5.6m▲ 166%€5.2m▼ 7.9%€3.2m▼ 38.4%€3.3m▲ 2.2%€4.0m▲ 24.0%
Working capital€1.5mwithin the sector's middle half▼ 18.1%€2.7mabove the sector's middle half▲ 80.4%€4.3mabove the sector's middle half▲ 57.7%€1.7mwithin the sector's middle half▼ 60.4%€2.5mabove the sector's middle half▲ 44.6%
Solvency59.5%above the sector's middle half▼ 18.3pp63.8%above the sector's middle half▲ 4.3pp76.0%above the sector's middle half▲ 12.2pp77.3%above the sector's middle half▲ 1.3pp75.2%above the sector's middle half▼ 2.1pp
Current ratio1.32within the sector's middle half▼ 0.561.64within the sector's middle half▲ 0.332.79above the sector's middle half▲ 1.151.67within the sector's middle half▼ 1.121.71within the sector's middle half▲ 0.04
Return on assets (ROA)5.9%within the sector's middle half▼ 1.8pp6.2%within the sector's middle half▲ 0.2pp7.2%within the sector's middle half▲ 1.0pp7.1%within the sector's middle half▼ 0.1pp7.0%within the sector's middle half▼ 0.1pp
Staff (FTE)36.5within the sector's middle half▲ 6.7%38within the sector's middle half▲ 4.1%36.7within the sector's middle half▼ 3.4%33.8within the sector's middle half▼ 7.9%36.3within the sector's middle half▲ 7.4%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.3m
Fixed assets
€10.4m ▲ 2.5%
Current assets
€5.9m ▲ 39.3%
Equity and liabilities €16.3m
Equity
€12.3m ▲ 10.3%
Debt
€4.0m ▲ 24.0%
Debt's share of the balance-sheet total rises from 22.7% to 24.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.2m▼
2024 · €2.2m
Cash flow
€1.9m▲
2024 · €1.8m
Quick ratio
1.15▲
2024 · 1.06
Debt to equity
0.33▲
2024 · 0.29
ROE
9.3%▲
2024 · 9.2%
Interest coverage
191.11▲
2024 · 166.47
Debt ≤ 1 year
€3.5m▲
2024 · €2.5m
Debt > 1 year
€553,257▼
2024 · €662,578
Income taxes
€407,592▲
2024 · €381,688
Staff costs
€2.6m▲
2024 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 20,129 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €19.9m | €20.6m | €18.9m | €18.9m | €20.4m | ▲ 8.2% |
| Turnover70 | €19.8m | €20.5m | €18.5m | €18.7m | €20.2m | ▲ 8.1% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €314,988 | €27,658 | €39,438 | ▲ 42.6% |
| Other operating income74 | €78,836 | €101,688 | €106,557 | €125,311 | €130,001 | ▲ 3.7% |
| Operating charges60/66A | €18.8m | €19.2m | €17.6m | €17.5m | €19.0m | ▲ 8.7% |
| Goods for resale, raw materials and consumables60 | €14.2m | €14.3m | €12.6m | €12.3m | €13.8m | ▲ 12.0% |
| Purchases600/8 | €14.8m | €14.2m | €12.0m | €12.3m | €14.2m | ▲ 15.6% |
| Change in stocks: decrease (increase)609 | -€643,230 | €96,754 | €585,533 | €11,840 | -€425,387 | ▼ 3,693% |
| Services and other goods61 | €2.0m | €2.0m | €1.9m | €2.0m | €1.8m | ▼ 13.6% |
| Remuneration, social security and pensions62 | €2.0m | €2.2m | €2.3m | €2.3m | €2.6m | ▲ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €573,581 | €722,493 | €775,504 | €776,628 | €759,834 | ▼ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€348 | €160 | €3,704 | €38,095 | €81,875 | ▲ 115% |
| Other operating charges640/8 | €26,020 | €27,367 | €30,963 | €34,472 | €35,772 | ▲ 3.8% |
| Non-recurring operating charges66A | - | €175 | €22,964 | €0 | - | - |
| Operating profit (loss)9901 | €1.1m | €1.3m | €1.3m | €1.4m | €1.4m | ▲ 0.8% |
| Financial income75/76B | - | - | €37 | €59,429 | €202,746 | ▲ 241% |
| Recurring financial income75 | - | - | €37 | €59,429 | €202,746 | ▲ 241% |
| Income from financial fixed assets750 | - | - | - | €59,429 | €202,661 | ▲ 241% |
| Other financial income752/9 | - | - | €37 | €0 | €85 | - |
| Financial charges65/66B | €37,105 | €48,713 | €35,877 | €52,380 | €57,253 | ▲ 9.3% |
| Recurring financial charges65 | €37,105 | €48,713 | €35,877 | €52,380 | €57,253 | ▲ 9.3% |
| Debt charges650 | €8,295 | €18,504 | €14,657 | €13,044 | €11,329 | ▼ 13.1% |
| Other financial charges652/9 | €28,810 | €30,209 | €21,220 | €39,336 | €45,924 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.3m | €1.3m | €1.4m | €1.6m | ▲ 10.6% |
| Income taxes67/77 | €283,227 | €388,121 | €349,053 | €381,688 | €407,592 | ▲ 6.8% |
| Taxes670/3 | €283,227 | €388,121 | €349,053 | €381,688 | €407,592 | ▲ 6.8% |
| Profit (loss) for the period9904 | €825,297 | €881,044 | €952,245 | €1.0m | €1.1m | ▲ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €825,297 | €881,044 | €952,245 | €1.0m | €1.1m | ▲ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.9m | €14.3m | €13.3m | €14.4m | €16.3m | ▲ 13.4% |
| Fixed assets21/28 | €7.6m | €7.3m | €6.6m | €10.1m | €10.4m | ▲ 2.5% |
| Tangible fixed assets22/27 | €7.6m | €7.3m | €6.6m | €6.1m | €5.4m | ▼ 12.2% |
| Land and buildings22 | €2.7m | €2.6m | €2.4m | €2.5m | €2.4m | ▼ 5.4% |
| Plant, machinery and equipment23 | €3.4m | €4.6m | €4.1m | €3.6m | €3.0m | ▼ 17.0% |
| Assets under construction and advance payments27 | €1.5m | €161,881 | €0 | - | - | - |
| Financial fixed assets28 | - | - | - | €4.0m | €5.0m | ▲ 25.0% |
| Affiliated companies280/1 | - | - | - | €4.0m | €5.0m | ▲ 25.0% |
| Amounts receivable281 | - | - | - | €4.0m | €5.0m | ▲ 25.0% |
| Current assets29/58 | €6.3m | €7.0m | €6.7m | €4.3m | €5.9m | ▲ 39.3% |
| Stocks and contracts in progress3 | €1.9m | €1.8m | €1.5m | €1.5m | €1.9m | ▲ 25.5% |
| Stocks30/36 | €1.9m | €1.8m | €1.5m | €1.5m | €1.9m | ▲ 25.5% |
| Raw materials and consumables30/31 | €1.9m | €1.8m | €1.2m | €1.2m | €1.5m | ▲ 29.8% |
| Work in progress32 | - | €15,188 | €330,176 | €357,834 | €397,273 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €3.9m | €3.6m | €2.6m | €1.0m | €1.5m | ▲ 48.7% |
| Trade receivables40 | €3.8m | €3.5m | €2.5m | €915,813 | €1.5m | ▲ 63.7% |
| Other amounts receivable41 | €7,005 | €121,500 | €87,431 | €91,961 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €553,555 | €1.6m | €2.6m | €1.7m | €2.5m | ▲ 48.6% |
| Deferred charges and accrued income490/1 | - | - | €25,470 | €26,697 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.9m | €14.3m | €13.3m | €14.4m | €16.3m | ▲ 13.4% |
| Equity10/15 | €8.3m | €9.1m | €10.1m | €11.1m | €12.3m | ▲ 10.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €126,827 | €126,827 | €126,827 | €126,827 | €126,827 | = |
| Non-distributable reserves130/1 | €10,050 | €10,050 | €10,050 | €10,050 | €10,050 | = |
| Legal reserve130 | €10,050 | €10,050 | €10,050 | €10,050 | €10,050 | = |
| Tax-exempt reserves132 | €37,500 | €37,500 | €37,500 | €37,500 | €37,500 | = |
| Distributable reserves133 | €79,277 | €79,277 | €79,277 | €79,277 | €79,277 | = |
| Profit (loss) carried forward14 | €8.1m | €8.9m | €9.9m | €10.9m | €12.1m | ▲ 10.5% |
| Amounts payable17/49 | €5.6m | €5.2m | €3.2m | €3.3m | €4.0m | ▲ 24.0% |
| Amounts payable after more than one year17 | €818,500 | €876,099 | €770,195 | €662,578 | €553,257 | ▼ 16.5% |
| Financial debts170/4 | €818,500 | €876,099 | €770,195 | €662,578 | €553,257 | ▼ 16.5% |
| Credit institutions173 | €818,500 | €876,099 | €770,195 | €662,578 | €553,257 | ▼ 16.5% |
| Amounts payable within one year42/48 | €4.8m | €4.3m | €2.4m | €2.5m | €3.5m | ▲ 35.8% |
| Current portion of amounts payable after more than one year42 | €102,054 | €104,290 | €105,903 | €107,617 | €109,321 | ▲ 1.6% |
| Trade debts44 | €4.0m | €3.5m | €1.7m | €1.9m | €2.6m | ▲ 31.5% |
| Suppliers440/4 | €4.0m | €3.5m | €1.7m | €1.9m | €2.6m | ▲ 31.5% |
| Taxes, remuneration and social security45 | €657,348 | €665,343 | €555,513 | €491,260 | €787,535 | ▲ 60.3% |
| Taxes450/3 | €381,879 | €332,850 | €201,626 | €135,067 | €448,121 | ▲ 232% |
| Remuneration and social security454/9 | €275,469 | €332,493 | €353,886 | €356,194 | €339,415 | ▼ 4.7% |
| Accrued charges and deferred income492/3 | €1,356 | €35,455 | €10,872 | €46,088 | €26,221 | ▼ 43.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €825,297 | €881,044 | €952,245 | €1.0m | €1.1m | ▲ 12.1% |
| + Depreciation and write-downs630 | €573,581 | €722,493 | €775,504 | €776,628 | €759,834 | ▼ 2.2% |
| Operating cash flow (approximation) | €1.4m | €1.6m | €1.7m | €1.8m | €1.9m | ▲ 5.9% |
| Investment in fixed assets (approximation) | - | -€477,882 | -€20,880 | -€4.3m | -€1.0m | ▲ 76.6% |
| Change in cash | - | €1.0m | €994,268 | -€893,670 | €814,378 | ▲ 191% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.1m ▲12.1%
Operating result €1.4m, net result €1.1m, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €10mEq €10.1m ▲10.4%
6 profitable years in a row build equity to €10.1m.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Pelt · 2 establishment units since 1995
Ground area
2.2 ha
Building footprint
4,488 m²
Volume, LiDAR
30,096 m³
2 parcels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
HELA NV
since 19952.103.007.708
HELA NV
since 20062.165.202.920
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72502E0102/00F155 | Flanders | 1.7 ha | 1 · 3,741 m² | 12.3 m · 3 fl. |
| 72502E0102/00D154 | Flanders | 5,323 m² | 1 · 747 m² | 7.6 m · 1 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.
Structure & network
Owners and holdings
2 ownersChain of control
- HERAS GROUP NETHERLANDS B.V.NL
- HELA
Highest known parent: HERAS GROUP NETHERLANDS B.V. (Netherlands). The sources do not say who stands above it.
Owners 2
- HERAS GROUP NETHERLANDS B.V.NLparentSourceown accounts 202599.6%
-
0.4%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of HELA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 34,418 EUR awarded · 34,119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,542 EUR | 7,542 EUR |
| 2024 | 3 | 9,351 EUR | 9,770 EUR |
| 2023 | 3 | 13,760 EUR | 13,494 EUR |
| 2022 | 2 | 3,765 EUR | 3,313 EUR |
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,146. 341 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25120Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456268402
Also
9925:BE0456268402
Registered
19-08-2025
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.