HELAXA
ActiveHELAXA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.27M and a net result of €-74k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+10
Solvency49=
Growth68▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.94 in 2024; short-term debt: 62.4% and cash: 1.6% of total assets), and 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
24.4%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-74k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
20 d early
2023
13 d late
2022
56 d early
2021
20 d early
2020
26 d late
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€14.03M▲ 10.0%
2024 · €12.75M
2018: €10.11M
2019: €10.54M
2020: €9.36M
2021: €14.89M
2022: €19.89M
2023: €11.28M
2024: €12.75M
2018 → 2025
EBIT margin
3.2%▲ 1.9pp
2024 · 1.2%
2018: -4.9%
2019: 0.6%
2020: 1.1%
2021: 7.6%
2022: 7.3%
2023: 3.5%
2024: 1.2%
2018 → 2025
Net result
€-74k▲ 58.1%
2024 · €-178k
2018: €-520k
2019: €-27k
2020: €-38k
2021: €886k
2022: €906k
2023: €29k
2024: €-178k
2018 → 2025
Working capital
€-584k▼ 18.1%
2024 · €-494k
2018: €753k
2019: €561k
2020: €473k
2021: €1.45M
2022: €2.69M
2023: €688k
2024: €-494k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14.89M-€19.89M▲ 33.6%€11.28M▼ 43.3%€12.75M▲ 13.0%€14.03M▲ 10.0%
Equity€2.69M-€3.49M▲ 30.0%€3.52M▲ 0.8%€3.35M▼ 5.0%€3.27M▼ 2.2%
Operating result€1.13M-€1.44M▲ 27.6%€396k▼ 72.6%€155k▼ 60.8%€444k▲ 186%
Net result€886k-€906k▲ 2.3%€29k▼ 96.8%€-178k€-74k▲ 58.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 186% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.42M
Fixed assets
€5.63M▼ 5.1%
Current assets
€7.80M▼ 3.2%
Equity and liabilities €13.42M
Equity
€3.27M▼ 2.2%
Debt
€10.15M▼ 4.5%
The debt ratio falls from 76.1% to 75.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€640k▲
2024 · €238k
Cash flow
€122k▲
2024 · €-95k
Solvency
24.4%▲
2024 · 23.9%
Current ratio
0.93▼
2024 · 0.94
Quick ratio
0.42▼
2024 · 0.45
Debt / equity
3.10▼
2024 · 3.18
ROE
-2.3%▲
2024 · -5.3%
ROA
-0.6%▲
2024 · -1.3%
Interest coverage
1.67▲
2024 · 0.61
Debt
€10.15M▼
2024 · €10.63M
Debt ≤ 1 year
€8.38M▼
2024 · €8.54M
Debt > 1 year
€1.77M▼
2024 · €2.09M
Income taxes
€359▼
2024 · €2k
Staff costs
€617k▲
2024 · €568k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13.98M€13.42M▼
Fixed assets21/28€5.93M€5.63M▼
Intangible fixed assets21€41k€40k▼
Tangible fixed assets22/27€2.81M€2.71M▼
Land and buildings22€60k€56k▼
Plant, machinery and equipment23€52k€56k▲
Furniture and vehicles24€6k€4k▼
Leasing and similar rights25€2.64M€2.54M▼
Other tangible fixed assets26€52k€58k▲
Financial fixed assets28€3.08M€2.88M▼
Affiliated companies280/1€3.07M€2.88M▼
Participating interests280€1.41M€1.41M=
Amounts receivable281€1.66M€1.47M▼
Companies linked by participating interests282/3€12k-
Amounts receivable283€12k-
Other financial fixed assets284/8€290€290=
Amounts receivable and cash guarantees285/8€290€290=
Current assets29/58€8.05M€7.80M▼
Amounts receivable after more than one year29€256k€278k▲
Other amounts receivable291€256k€278k▲
Stocks and contracts in progress3€4.19M€4.28M▲
Stocks30/36€4.19M€4.28M▲
Raw materials and consumables30/31€4.19M-
Goods purchased for resale34-€4.28M
Amounts receivable within one year40/41€1.60M€1.16M▼
Trade receivables40€1.26M€1.06M▼
Other amounts receivable41€344k€91k▼
Current investments50/53€1.50M€1.50M=
Own shares50€1.50M€1.50M=
Cash at bank and in hand54/58€198k€210k▲
Deferred charges and accrued income490/1€300k€375k▲
Equity and liabilities
Total equity and liabilities10/49€13.98M€13.42M▼
Equity10/15€3.35M€3.27M▼
Contributions10/11€720k€720k=
Reserves13€2.80M€2.80M=
Non-distributable reserves130/1€1.50M€1.50M=
Own shares acquired1312€1.50M€1.50M=
Distributable reserves133€1.30M€1.30M=
Profit (loss) carried forward14€-178k€-252k▼
Amounts payable17/49€10.63M€10.15M▼
Amounts payable after more than one year17€2.09M€1.77M▼
Financial debts170/4€1.98M€1.50M▼
Subordinated loans170-€252k
Leasing and similar obligations172€1.64M€1.13M▼
Credit institutions173€339k€123k▼
Other amounts payable178/9€107k€272k▲
Amounts payable within one year42/48€8.54M€8.38M▼
Current portion of amounts payable after more than one year42€851k€511k▼
Financial debts43€5.05M€5.00M▼
Credit institutions430/8€5.05M€5.00M▼
Trade debts44€2.59M€2.78M▲
Suppliers440/4€2.59M€2.78M▲
Taxes, remuneration and social security45€51k€54k▲
Taxes450/3€100-
Remuneration and social security454/9€51k€54k▲
Other amounts payable47/48-€30k
Income statement
Code20242025
Operating income70/76A€12.80M€14.21M▲
Turnover70€12.75M€14.03M▲
Other operating income74€51k€178k▲
Non-recurring operating income76A€164-
Operating charges60/66A€12.64M€13.76M▲
Goods for resale, raw materials and consumables60€10.95M€11.82M▲
Purchases600/8€10.53M€11.90M▲
Change in stocks: decrease (increase)609€425k€-87k▼
Services and other goods61€999k€1.10M▲
Remuneration, social security and pensions62€568k€617k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€196k▲
Other operating charges640/8€28k€28k▲
Non-recurring operating charges66A€13k-
Operating profit (loss)9901€155k€444k▲
Financial income75/76B€84k€32k▼
Recurring financial income75€84k€32k▼
Income from current assets751€7k€3k▼
Other financial income752/9€77k€29k▼
Financial charges65/66B€416k€550k▲
Recurring financial charges65€416k€550k▲
Debt charges650€389k€384k▼
Other financial charges652/9€27k€166k▲
Profit (loss) for the period before taxes9903€-176k€-74k▲
Income taxes67/77€2k€359▼
Taxes670/3€2k€359▼
Profit (loss) for the period9904€-178k€-74k▲
Profit (loss) for the period to be appropriated9905€-178k€-74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-178k€-252k▼
Profit (loss) brought forward from the previous period14P-€-178k
Social balance
Average headcount (FTE)90875.86.1▲
The notes to these accounts (79 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 13 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €906k ▲2.3%
Operating result €1.44M, net result €906k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €886k
Net result €886k after 3 loss-making years.
31-12
Financial
Equity above €2MEq €2.69M ▲41.3%
Equity rises from €1.90M to €2.69M.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Essen · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Postbaan 682910 EssenGround area
5.7 ha
Parcel 11016B0139/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
HELAXA
since 20082.169.927.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0139/00A000 | Flanders | 5.7 ha | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| De Bock Bedrijfsrevisor BV Statutory auditor · represented by Gunter de Bock | - → 21-10-2025 |
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 11,278 EUR awarded · 11,278 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,660 EUR | 7,660 EUR |
| 2023 | 1 | 3,618 EUR | 3,618 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Legal Entity Identifier
549300IHCBBFSC130Y30
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Of 505 companies in sector 46841 we hold annual accounts for 365. 237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2008
Fiscal year end31-12
Activities, NACEBEL
46820Wholesale trade
46841Wholesale trade
50400Inland freight water transport
51210Air transport
52249Warehousing and support activities for transportation
52250Logistics services
52290Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.