Helbray Construction
Open bankruptcyA bankruptcy procedure is open for Helbray Construction according to publications in the Belgian State Gazette; curator: TOON BRAWERS. The 2024 annual accounts show equity of €88k and a net result of €73k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
343 d late
2022
213 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€88k▲ 500%
2023 · €15k
2022: €36k
2023: €15k
2022 → 2024
Total assets
€243k▲ 101%
2023 · €121k
2022: €45k
2023: €121k
2022 → 2024
Net result
€73k
2023 · €-11k
2022: €31k
2023: €-11k
2022 → 2024
Working capital
€79k▲ 419%
2023 · €15k
2022: €31k
2023: €15k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€36k-€15k▼ 59.5%€88k▲ 500%
Operating result€31k-€-11k€98k
Net result€31k-€-11k€73k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €98k after a loss of €11k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €243k
Fixed assets
€9k▲ 62.9%
Current assets
€234k▲ 103%
Equity and liabilities €243k
Equity
€88k▲ 500%
Debt
€155k▲ 45.9%
The debt ratio falls from 87.9% to 63.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2023 · €-11k
Cash flow
€74k▲
2023 · €-11k
Solvency
36.1%▲
2023 · 12.1%
Current ratio
1.51▲
2023 · 1.15
Quick ratio
1.51▲
2023 · 1.15
Debt / equity
1.77▼
2023 · 7.26
ROE
83.3%▲
2023 · -76.0%
ROA
30.1%▲
2023 · -9.2%
Interest coverage
52.63▲
2023 · -87.77
Debt
€155k▲
2023 · €106k
Debt ≤ 1 year
€155k▲
2023 · €100k
Income taxes
€26k
Staff costs
€0▼
2023 · €57k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€121k€243k▲
Fixed assets21/28€5k€9k▲
Tangible fixed assets22/27€5k€9k▲
Furniture and vehicles24€5k€9k▲
Current assets29/58€115k€234k▲
Amounts receivable within one year40/41€113k€219k▲
Trade receivables40€93k€148k▲
Other amounts receivable41€21k€71k▲
Cash at bank and in hand54/58€1k€14k▲
Deferred charges and accrued income490/1€577€147▼
Equity and liabilities
Total equity and liabilities10/49€121k€243k▲
Equity10/15€15k€88k▲
Contributions10/11€5k€5k=
Reserves13-€73k
Distributable reserves133-€73k
Profit (loss) carried forward14€10k€10k=
Amounts payable17/49€106k€155k▲
Amounts payable within one year42/48€100k€155k▲
Financial debts43€77€0▼
Credit institutions430/8€77€0▼
Trade debts44€70k€79k▲
Suppliers440/4€70k€79k▲
Advances received on contracts in progress46-€50k
Taxes, remuneration and social security45€30k€26k▼
Taxes450/3-€26k
Remuneration and social security454/9€30k€0▼
Accrued charges and deferred income492/3€6k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€57k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€500€1k▲
Other operating charges640/8€334€2k▲
Non-recurring operating charges66A-€500
Gross operating margin9900€47k€102k▲
Operating profit (loss)9901€-11k€98k▲
Financial income75/76B€474€2k▲
Recurring financial income75€474€2k▲
Financial charges65/66B€125€2k▲
Recurring financial charges65€125€2k▲
Profit (loss) for the period before taxes9903€-11k€99k▲
Income taxes67/77-€26k
Profit (loss) for the period9904€-11k€73k▲
Profit (loss) for the period to be appropriated9905€-11k€73k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€83k▲
Profit (loss) brought forward from the previous period14P€21k€10k▼
Transfer to equity691/2-€73k
To other reserves6921-€73k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · HELBRAY CONSTRUCTION BV RUGGEVELDLAAN 709/301, 2100 DEURNE (ANTWERPEN) · event 07-05-2026
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 343 days late
2024
31-12
Financial
Back to profitnet €73k
Net result €73k after one loss-making year.
29-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 213 days late
2023
31-12
Financial
Weakest financial yearnet €-11k ▼136%
Net result drops to €-11k, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2022
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.
Ruggeveldlaan 7092100 AntwerpenGround area
549 m²
Building footprint
206 m²
Volume, LiDAR
2,256 m³
2 parcels, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Helbray Construction
since 20222.327.865.683
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0487/00R002 | Flanders | 356 m² | 1 · 105 m² | 13.8 m · 4 fl. |
| 11342A0237/00Y008 | Flanders | 193 m² | 1 · 101 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON BRAWERS JUSTITIESTRAAT 27 BUS 12,
2018 ANTWERPEN |
07-05-2026 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,177 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43110Demolition
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.