Helderwerf
ActiveSummary
Helderwerf has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,291 and a net result of €110,095. Equity is shrinking by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency36▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.08 in 2024; short-term debt: 61% and cash: 54.7% of total assets), and 88.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
11.3%
Return on assets
33.5%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
7 d early
2022
4 d early
2021
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 27 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€37,291=
2024 · €37,291
Total assets
€328,735▲ 15.8%
2024 · €283,775
Net result
€110,095▼ 6.2%
2024 · €117,313
Working capital
€18,378▲ 42.2%
2024 · €12,920
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Operating result€115,342-€102,060▼ 11.5%€106,808▲ 4.7%€159,428▲ 49.3%€150,419▼ 5.7%
Net result€90,031-€79,251above the sector's middle half▼ 12.0%€81,695above the sector's middle half▲ 3.1%€117,313above the sector's middle half▲ 43.6%€110,095above the sector's middle half▼ 6.2%
Equity€125,040-€204,291within the sector's middle half▲ 63.4%€37,291within the sector's middle half▼ 81.7%€37,291within the sector's middle half=€37,291within the sector's middle half=
Total assets€150,793-€233,044within the sector's middle half▲ 54.5%€278,802within the sector's middle half▲ 19.6%€283,775within the sector's middle half▲ 1.8%€328,735within the sector's middle half▲ 15.8%
Debt€25,754-€28,753▲ 11.6%€241,511▲ 740%€246,484▲ 2.1%€291,444▲ 18.2%
Working capital€118,119-€197,180above the sector's middle half▲ 66.9%€22,788within the sector's middle half▼ 88.4%€12,920within the sector's middle half▼ 43.3%€18,378within the sector's middle half▲ 42.2%
Solvency82.9%-87.7%above the sector's middle half▲ 4.7pp13.4%below the sector's middle half▼ 74.3pp13.1%below the sector's middle half▼ 0.2pp11.3%below the sector's middle half▼ 1.8pp
Current ratio5.62-7.90above the sector's middle half▲ 2.281.17within the sector's middle half▼ 6.731.08within the sector's middle half▼ 0.081.09within the sector's middle half▲ 0.01
Return on assets (ROA)59.7%-34.0%above the sector's middle half▼ 25.7pp29.3%within the sector's middle half▼ 4.7pp41.3%above the sector's middle half▲ 12.0pp33.5%above the sector's middle half▼ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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 per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328,735
Fixed assets
€109,766 ▼ 7.5%
Current assets
€218,969 ▲ 32.7%
Equity and liabilities €328,735
Equity
€37,291 =
Debt
€291,444 ▲ 18.2%
Debt's share of the balance-sheet total rises from 86.9% to 88.7%. Debt is higher.
Key figures and ratios
EBITDA
€160,051▼
2024 · €168,881
Cash flow
€119,727▼
2024 · €126,767
Debt to equity
7.82▲
2024 · 6.61
ROE
295.2%▼
2024 · 314.6%
Interest coverage
23.11▲
2024 · 22.90
Debt ≤ 1 year
€200,591▲
2024 · €152,136
Debt > 1 year
€83,410▼
2024 · €93,824
Income taxes
€33,399▼
2024 · €34,738
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,340 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 6,713 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,132 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,657 | €3,332 | €17,929 | €9,453 | €9,632 | ▲ 1.9% |
| Other operating charges640/8 | - | €669 | €1,318 | €1,456 | €1,857 | ▲ 27.6% |
| Non-recurring operating charges66A | - | €751 | - | - | - | - |
| Gross operating margin9900 | €118,722 | €106,811 | €126,055 | €170,336 | €161,908 | ▼ 4.9% |
| Operating profit (loss)9901 | €115,342 | €102,060 | €106,808 | €159,428 | €150,419 | ▼ 5.7% |
| Financial income75/76B | - | - | €8 | - | - | - |
| Recurring financial income75 | €2 | - | €8 | - | - | - |
| Financial charges65/66B | - | €563 | €1,895 | €7,376 | €6,925 | ▼ 6.1% |
| Recurring financial charges65 | €590 | €563 | €1,895 | €7,376 | €6,925 | ▼ 6.1% |
| Profit (loss) for the period before taxes9903 | €114,755 | €101,496 | €104,921 | €152,052 | €143,494 | ▼ 5.6% |
| Income taxes67/77 | €24,723 | €22,245 | €23,227 | €34,738 | €33,399 | ▼ 3.9% |
| Profit (loss) for the period9904 | €90,031 | €79,251 | €81,695 | €117,313 | €110,095 | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €90,031 | €79,251 | €81,695 | €117,313 | €110,095 | ▼ 6.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,793 | €233,044 | €278,802 | €283,775 | €328,735 | ▲ 15.8% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €7,090 | €7,281 | €118,504 | €118,720 | €109,766 | ▼ 7.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €7,090 | €7,281 | €118,504 | €118,720 | €109,766 | ▼ 7.5% |
| Land and buildings22 | - | - | €113,905 | €108,139 | €102,373 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €2,182 | €914 | €1,439 | €1,866 | ▲ 29.6% |
| Furniture and vehicles24 | - | €2,316 | €1,597 | €7,747 | €4,827 | ▼ 37.7% |
| Other tangible fixed assets26 | - | €2,783 | €2,089 | €1,395 | €701 | ▼ 49.8% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €143,703 | €225,764 | €160,298 | €165,056 | €218,969 | ▲ 32.7% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €24,958 | €58,751 | €36,729 | €59,420 | €34,132 | ▼ 42.6% |
| Trade receivables40 | - | €53,875 | €31,229 | €59,420 | €32,531 | ▼ 45.3% |
| Other amounts receivable41 | - | €4,876 | €5,500 | - | €1,601 | - |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €116,448 | €162,464 | €118,373 | €99,376 | €179,682 | ▲ 80.8% |
| Deferred charges and accrued income490/1 | - | €4,548 | €5,196 | €6,260 | €5,155 | ▼ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,793 | €233,044 | €278,802 | €283,775 | €328,735 | ▲ 15.8% |
| Equity10/15 | €125,040 | €204,291 | €37,291 | €37,291 | €37,291 | = |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €124,040 | €203,291 | €36,291 | €36,291 | €36,291 | = |
| Distributable reserves133 | - | €203,291 | €36,291 | €36,291 | €36,291 | = |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €25,754 | €28,753 | €241,511 | €246,484 | €291,444 | ▲ 18.2% |
| Amounts payable after more than one year17 | - | - | €103,831 | €93,824 | €83,410 | ▼ 11.1% |
| Financial debts170/4 | - | - | €103,831 | €93,824 | €83,410 | ▼ 11.1% |
| Amounts payable within one year42/48 | €25,584 | €28,583 | €137,510 | €152,136 | €200,591 | ▲ 31.8% |
| Current portion of amounts payable after more than one year42 | - | - | €9,605 | €10,007 | €10,414 | ▲ 4.1% |
| Financial debts43 | - | - | €75,000 | - | - | - |
| Other loans439 | - | - | €75,000 | - | - | - |
| Trade debts44 | €217 | €9,620 | €984 | €2,244 | €3,639 | ▲ 62.2% |
| Suppliers440/4 | - | €9,620 | €984 | €2,244 | €3,639 | ▲ 62.2% |
| Taxes, remuneration and social security45 | - | €18,963 | €17,069 | €17,885 | €18,528 | ▲ 3.6% |
| Taxes450/3 | - | €16,133 | €14,239 | €15,055 | €15,698 | ▲ 4.3% |
| Remuneration and social security454/9 | - | €2,830 | €2,830 | €2,830 | €2,830 | = |
| Other amounts payable47/48 | - | - | €34,852 | €122,000 | €168,011 | ▲ 37.7% |
| Accrued charges and deferred income492/3 | - | €170 | €170 | €525 | €7,443 | ▲ 1,318% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,031 | €79,251 | €81,695 | €117,313 | €110,095 | ▼ 6.2% |
| + Depreciation and write-downs630 | €2,657 | €3,332 | €17,929 | €9,453 | €9,632 | ▲ 1.9% |
| Operating cash flow (approximation) | €92,688 | €82,583 | €99,624 | €126,767 | €119,727 | ▼ 5.6% |
| Investment in fixed assets (approximation) | - | -€3,522 | -€129,152 | -€9,669 | -€679 | ▲ 93.0% |
| Change in cash | - | €46,017 | -€44,092 | -€18,997 | €80,306 | ▲ 523% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
30-06
Financial
Highest result since 2021net €117,313 ▲43.6%
Operating result €159,428, net result €117,313, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-09
State Gazette act
General meeting · Board meeting
Director resignation · Permanent representative
30-06
Financial
Weakest financial yearnet €79,251 ▼12%
Net result drops to €79,251, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €200,000Eq €204,291 ▲63.4%
2 profitable years in a row build equity to €204,291.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
State Gazette act
General meeting · Board meeting
Director resignation · Permanent representative
2020
04-03
State Gazette act
General meeting · Board meeting
Director resignation · Power of attorney
Financial milestoneState Gazette actNBB 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, Izegem · 1 establishment unit since 2019
Ground area
849 m²
Building footprint
92 m²
Volume, LiDAR
506 m³
Parcel 36494D0447/00S000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Helderwerf
since 20192.296.134.015
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0447/00S000 | Flanders | 849 m² | 1 · 92 m² | 8.7 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.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
6 locations
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 36,221 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-11-2019
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0737778931
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.