HELCOTEX
ActiveSummary
The annual accounts of HELCOTEX for fiscal year 2025 show a net loss of 70% of the equity at the start of that year. The 2025 annual accounts show equity of €14,793 and a net result of -€34,645. Equity is shrinking by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 11693 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Wholesale trade
NACE 46421Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716NACE 52421
1 site
How big
€193,342total assets 2025
- Equity
- €14,793
- Loss
- -€34,645
Turnover not published (abridged schema)
Who decides
Accounts 32 d early1 of 5 deeds read
Why 35- Higher-failure-rate sector- Annual accounts: weaker financial profile- Persistent losses- Weak solvency vs sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-6
Solvency33▼-18
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.29 against 1.71 in 2024; short-term debt: 73.9% and cash: 7.7% of total assets), and 92.3% 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
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
Wholesale trade (NACE 46)
about 21% 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 2025Solvency, return and age of the figures
Solvency
7.7%
Return on assets
-17.9%
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 -€34,645
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11693 sector peers (2025).
NBB · sector comparisonPosition among 11693 sector peers
Solvency
better than 24%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
2 d early
2023
on the day
2022
3 d early
2021
26 d late
2020
39 d early
2019
35 d late
← 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 2 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Registered officeRegistered-office move
- Weakest financial yearnet -€34,645
Financials
Fiscal year 2025Total assets €193,342Loss -€34,645Solvency 7.7%Liquidity 1.29
Total assets
€193,342▲ 2.5%
2018 - 2025
Net result
-€34,645▼ 75.0%
2018 - 2025
Equity
€14,793▼ 70.1%
2018 - 2025
Staff (FTE)
1
2023
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,000▲ 9.7%-€16,222-€14,137▲ 12.9%-€17,520▼ 23.9%-€28,877▼ 64.8%
Net result€19,041within the sector's middle half▲ 9.9%-€19,013below the sector's middle half-€16,617below the sector's middle half▲ 12.6%-€19,801below the sector's middle half▼ 19.2%-€34,645below the sector's middle half▼ 75.0%
Equity€104,869within the sector's middle half▲ 22.2%€85,856within the sector's middle half▼ 18.1%€69,238within the sector's middle half▼ 19.4%€49,437within the sector's middle half▼ 28.6%€14,793within the sector's middle half▼ 70.1%
Total assets€269,632within the sector's middle half▲ 9.3%€231,793within the sector's middle half▼ 14.0%€213,064within the sector's middle half▼ 8.1%€188,610within the sector's middle half▼ 11.5%€193,342within the sector's middle half▲ 2.5%
Debt€164,763▲ 2.4%€145,937▼ 11.4%€143,825▼ 1.4%€139,172▼ 3.2%€178,549▲ 28.3%
Working capital€97,911within the sector's middle half▲ 7.9%€83,136within the sector's middle half▼ 15.1%€75,351within the sector's middle half▼ 9.4%€72,553within the sector's middle half▼ 3.7%€40,870within the sector's middle half▼ 43.7%
Solvency38.9%within the sector's middle half▲ 4.1pp37.0%within the sector's middle half▼ 1.9pp32.5%within the sector's middle half▼ 4.5pp26.2%within the sector's middle half▼ 6.3pp7.7%below the sector's middle half▼ 18.6pp
Current ratio1.78within the sector's middle half▼ 0.141.71within the sector's middle half▼ 0.071.62within the sector's middle half▼ 0.091.71within the sector's middle half▲ 0.091.29within the sector's middle half▼ 0.42
Return on assets (ROA)7.1%within the sector's middle half=-8.2%below the sector's middle half▼ 15.3pp-7.8%below the sector's middle half▲ 0.4pp-10.5%below the sector's middle half▼ 2.7pp-17.9%below the sector's middle half▼ 7.4pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,877 in 2025 against €17,520 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193,342
Fixed assets
€9,673 ▼ 28.4%
Current assets
€183,669 ▲ 4.9%
Equity and liabilities €193,342
Equity
€14,793 ▼ 70.1%
Debt
€178,549 ▲ 28.3%
Debt's share of the balance-sheet total rises from 73.8% to 92.3%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
-€25,043▼
2024 · -€9,269
Cash flow
-€30,811▼
2024 · -€11,550
Quick ratio
0.62▼
2024 · 0.68
Debt to equity
12.07▲
2024 · 2.82
ROE
-234.2%▼
2024 · -40.1%
Interest coverage
-4.08▲
2024 · -4.31
Debt ≤ 1 year
€142,799▲
2024 · €102,550
Debt > 1 year
€35,751▼
2024 · €36,622
Income taxes
€165▼
2024 · €384
Staff costs
€42,652▲
2024 · €36,535
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 540 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
5.2%
went bankrupt
8.3%
stopped otherwise
86%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 540 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €900 | €13,030 | €10 | €1,588 | - | - |
| Remuneration, social security and pensions62 | €26,378 | €28,491 | €29,364 | €36,535 | €42,652 | ▲ 16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,380 | €15,641 | €15,660 | €8,251 | €3,834 | ▼ 53.5% |
| Other operating charges640/8 | €2,198 | €1,808 | €1,643 | €2,437 | €2,354 | ▼ 3.4% |
| Non-recurring operating charges66A | - | €13,260 | - | - | - | - |
| Gross operating margin9900 | €70,956 | €42,978 | €32,531 | €29,704 | €19,962 | ▼ 32.8% |
| Operating profit (loss)9901 | €26,000 | -€16,222 | -€14,137 | -€17,520 | -€28,877 | ▼ 64.8% |
| Financial income75/76B | €171 | - | - | €254 | €539 | ▲ 112% |
| Recurring financial income75 | €171 | - | - | €254 | €539 | ▲ 112% |
| Financial charges65/66B | €2,634 | €2,923 | €2,472 | €2,151 | €6,141 | ▲ 186% |
| Recurring financial charges65 | €2,634 | €2,923 | €2,472 | €2,151 | €6,141 | ▲ 186% |
| Profit (loss) for the period before taxes9903 | €23,537 | -€19,145 | -€16,609 | -€19,417 | -€34,480 | ▼ 77.6% |
| Transfer from deferred taxes780 | - | €321 | - | - | - | - |
| Income taxes67/77 | €4,495 | €189 | €8 | €384 | €165 | ▼ 57.1% |
| Profit (loss) for the period9904 | €19,041 | -€19,013 | -€16,617 | -€19,801 | -€34,645 | ▼ 75.0% |
| Profit (loss) for the period to be appropriated9905 | €19,041 | -€19,013 | -€16,617 | -€19,801 | -€34,645 | ▼ 75.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269,632 | €231,793 | €213,064 | €188,610 | €193,342 | ▲ 2.5% |
| Fixed assets21/28 | €45,924 | €31,610 | €15,950 | €13,507 | €9,673 | ▼ 28.4% |
| Tangible fixed assets22/27 | €45,924 | €31,610 | €15,950 | €13,507 | €9,673 | ▼ 28.4% |
| Plant, machinery and equipment23 | €4,946 | €3,889 | €2,832 | €1,775 | €718 | ▼ 59.5% |
| Furniture and vehicles24 | €1,543 | €1,887 | €884 | €2,436 | €1,516 | ▼ 37.8% |
| Other tangible fixed assets26 | €39,435 | €25,834 | €12,234 | €9,296 | €7,439 | ▼ 20.0% |
| Current assets29/58 | €223,708 | €200,183 | €197,114 | €175,103 | €183,669 | ▲ 4.9% |
| Stocks and contracts in progress3 | €101,739 | €101,092 | €116,412 | €105,143 | €95,723 | ▼ 9.0% |
| Stocks30/36 | €101,739 | €101,092 | €116,412 | €105,143 | €95,723 | ▼ 9.0% |
| Amounts receivable within one year40/41 | €90,453 | €64,833 | €58,058 | €55,419 | €73,065 | ▲ 31.8% |
| Trade receivables40 | €73,563 | €43,132 | €36,366 | €38,539 | €59,192 | ▲ 53.6% |
| Other amounts receivable41 | €16,889 | €21,700 | €21,692 | €16,881 | €13,873 | ▼ 17.8% |
| Cash at bank and in hand54/58 | €31,516 | €34,258 | €22,644 | €14,540 | €14,881 | ▲ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269,632 | €231,793 | €213,064 | €188,610 | €193,342 | ▲ 2.5% |
| Equity10/15 | €104,869 | €85,856 | €69,238 | €49,437 | €14,793 | ▼ 70.1% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €92,469 | €73,456 | €56,838 | €37,037 | €2,393 | ▼ 93.5% |
| Non-distributable reserves130/1 | €3,000 | €3,000 | €3,000 | €3,000 | - | - |
| Reserves not available under the articles1311 | €3,000 | €3,000 | €3,000 | €3,000 | - | - |
| Distributable reserves133 | €89,469 | €70,456 | €53,838 | €34,037 | €2,393 | ▼ 93.0% |
| Amounts payable17/49 | €164,763 | €145,937 | €143,825 | €139,172 | €178,549 | ▲ 28.3% |
| Amounts payable after more than one year17 | €38,966 | €28,890 | €22,063 | €36,622 | €35,751 | ▼ 2.4% |
| Financial debts170/4 | €38,966 | €28,890 | €22,063 | €36,622 | €11,751 | ▼ 67.9% |
| Other amounts payable178/9 | - | - | - | - | €24,000 | - |
| Amounts payable within one year42/48 | €125,797 | €117,047 | €121,763 | €102,550 | €142,799 | ▲ 39.2% |
| Current portion of amounts payable after more than one year42 | €20,336 | €10,076 | €6,828 | €5,516 | €4,722 | ▼ 14.4% |
| Financial debts43 | €1,649 | €1,676 | - | - | - | - |
| Credit institutions430/8 | €1,649 | €1,676 | - | - | - | - |
| Trade debts44 | €84,011 | €93,327 | €101,261 | €80,543 | €119,124 | ▲ 47.9% |
| Suppliers440/4 | €84,011 | €93,327 | €101,261 | €80,543 | €119,075 | ▲ 47.8% |
| Bills of exchange payable441 | - | - | - | - | €49 | - |
| Advances received on contracts in progress46 | - | €1,074 | €40 | €49 | - | - |
| Taxes, remuneration and social security45 | €17,366 | €8,458 | €11,199 | €14,007 | €16,876 | ▲ 20.5% |
| Taxes450/3 | €12,156 | €4,462 | €7,013 | €9,618 | €12,339 | ▲ 28.3% |
| Remuneration and social security454/9 | €5,210 | €3,997 | €4,186 | €4,389 | €4,536 | ▲ 3.3% |
| Other amounts payable47/48 | €2,435 | €2,435 | €2,435 | €2,435 | €2,077 | ▼ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,041 | -€19,013 | -€16,617 | -€19,801 | -€34,645 | ▼ 75.0% |
| + Depreciation and write-downs630 | €16,380 | €15,641 | €15,660 | €8,251 | €3,834 | ▼ 53.5% |
| Operating cash flow (approximation) | €35,421 | -€3,372 | -€957 | -€11,550 | -€30,811 | ▼ 167% |
| Investment in fixed assets (approximation) | - | -€1,327 | €0 | -€5,808 | €0 | ▲ 100% |
| Change in cash | - | €2,742 | -€11,614 | -€8,104 | €341 | ▲ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
SAFETEX
BE 1011.935.672
Herentals · Eq €14,878
R & S
BE 0837.529.177
Aalter · Eq €14,659
ALGEMENE WERF BESCHERMING
BE 0674.926.790
Hasselt · Eq €13,344
L&F sales
BE 1008.611.542
Antwerpen · Eq €12,914
BENSKA
BE 0778.428.067
Verviers · Eq €11,405
Of 193 companies in this sector we hold annual accounts for 129. 47 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
15 eventsLatest 29-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
22-05
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 30-04-2026
- Registered-office move, 3570 Alken, Kolmenstraat 1174 (Industrieterrein Kolmen)
2025
31-12
Financial
Weakest financial yearnet -€34,645
Net result drops to -€34,645, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €19,041 ▲9.9%
Operating result €26,000, net result €19,041, both a record.
31-12
Financial
Equity above €100,000Eq €104,869 ▲22.2%
3 profitable years in a row build equity to €104,869.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Back to profitnet €4,670
Net result €4,670 after one loss-making year.
Show earlier events
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Support & recognitions
1 funding sourceFlanders €393
Flemish government
€393
awarded · 2025
Subsidies and aid
Flemish government
2025 · 1 entry · €393 awarded · €393 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €393 | €393 |
Company details
Private limited company · founded 30-01-2006Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded30-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46421Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
46423Wholesale of clothing, excluding workwear and underwear
47512Retail sale of household textiles and bedding
47721Retail sale of footwear
47792Retail sale of second-hand clothing
68201Renting and operating of own or leased residential real estate, excluding social housing
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879093380
Registered
23-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Alken · 1 establishment unit since 2006
Ground area
715 m²
Building footprint
306 m²
Volume, LiDAR
1,326 m³
Parcel 73302C0060/00E002, Flanders · tallest building 5.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HELCOTEX
since 2006unit no. 2.151.658.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302C0060/00E002 | Flanders | 715 m² | 1 · 306 m² | 5.4 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.
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