Equity
€460,862 from €1.3m in 2019
Equity fell by 66% in 6 years.
HELDO
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €371,451 (2022)
€310,545▼ 7.6%
lowest -€40,812 (2020)
€150,211▲ 7.1%
peak €1.3m (2019)
€460,862▲ 7.0%
€160,495▼ 44.2%
peak 2.8 FTE (2019)
1.7 FTE▼ 22.7%
Board6 names since 2019
3 directorsHELLEMANS Linda Maria Louisa and 2 others
Documentsfilings and deeds
26-08-202626 days late
2025financial year
Staff from 2.2 FTE to 1.7 FTEDebts from €287,413 to €160,495Cash from €140,562 to €202,586
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 79% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.3 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.1%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 26 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 3.54, cash €202,586
Equity €460,862 (74.2% of total assets)
Founded in 1999
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 84% of them on solvency, 85% on liquidity, 91% on profitability and 56% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as HELDO has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HELDO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for HELDO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.54 (2.27 in 2024), above the usual 1.5. Short-term debt is 25.8% and cash 32.6% of total assets. 25.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €460,862
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
26 days late
2024
6 days early
2023
26 days late
2022
23 days late
2021
8 days late
2020
31 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465772818
1 director appointed
Changes of role: Jan DHONDT and HELLEMANS Linda Maria Louisa (director) · Appointment: BEERIELLIUM (managing director) · Permanent representative: GOEMAN Veerle · General meeting of 10-12-2024 · Gazette deed
1 director appointed, 2 resignations
Change of role: DHONDT Jan, from managing director to sole statutory director · Appointment: HELLEMANS Linda, Maria Louisa (successor) · Resignations: DHONDT Stefaan Guido Mariette and DHONDT Filip Dirk Hilde · General meeting of 10-09-2019 · Gazette deed
Capital decrease of €700,650 to €62,000
Capital from €762,650 to €62,000 · Appointments: DHONDT Stefaan Guido Mariette (director) and DHONDT Filip Dirk Hilde (director) · Reappointment: DHONDT Jan Frans Philippe Paul Joseph (managing director) · General meeting of 29-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HELDO Erpe-Mere | €621,357 | €310,545 | 74.2% | 1.7 |
| APOTHEEK PEETERMANS Hasselt | €594,618 | €299,974 | 4.2% | 1.6 |
| Eeuwfeestapotheek Antwerp | €583,835 | €281,614 | 47.2% | 1.9 |
| APOTHEEK SOFIE DHONT Gavere | €692,188 | €360,858 | 32.4% | 1.8 |
| D’hONDT FARMA Hamme (Vl.) | €776,363 | €319,076 | 76.8% | 1.4 |
| D'HUYVETTER - VANDERMARLIERE Zulte | €737,810 | €244,606 | 78.0% | 1.7 |
| PHARDA Charleroi | €575,327 | €281,810 | 58.5% | 1.5 |
These companies have the same main activity as HELDO: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €575,000 and €776,000, founded between 1996 and 2002.
Official details
Source: KBO- Status
- Active since 01-04-1999Normal situation
- Activity
- Retail sale of pharmaceutical productsNACE 47730
- Joint committee
- 313Pharmacies and pricing offices · annual accounts 2024
- Establishment unit
- 2.091.093.2379420 Erpe-Mere, since 18-05-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 21-08-2025
Annual accounts 2025
- ≈ €1.1mestimated
- €621,357▼ 13.5%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 26-08-2026
Insights on HELDO
HELDO has existed since 1999. The gross margin grew from €246,356 in 2006 to €310,545 in 2025.
The gross margin has fallen every year since 2022. Solvency rose in 2025 from 60.0% to 74.2% because of the retained profit and lower debts.
In December 2024, the Official Gazette published the appointment of BEERIELLIUM as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HELDO
- What is the company number of HELDO?
- The company number of HELDO is 0465.772.818. The VAT number is the same number with BE in front: BE 0465.772.818.
- Where is HELDO based?
- The registered office is at Stationsstraat 2, 9420 Erpe-Mere.Company details
- What does HELDO do?
- According to the KBO register, the main activity is retail sale of pharmaceutical products (NACE 47730).
- What is the legal form of HELDO?
- HELDO is a public limited company (NV).
- When was HELDO founded?
- HELDO was founded on 01-04-1999.
- Is HELDO still active?
- Yes, HELDO is an active enterprise in the KBO register.
- How many employees does HELDO have?
- HELDO had an average of 1.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HELDO fall under?
- In its 2024 annual accounts, HELDO states joint committee 313 (Pharmacies and pricing offices).
- What is the turnover of HELDO?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €310,545 and 47 comparable companies (NACE 477). It probably lies between €850,000 and €1.7m. In financial year 2024 turnover was €1.9m.
- Is HELDO profitable?
- In financial year 2025, HELDO made a profit of €150,211.
- Where can I find the annual accounts of HELDO?
- HELDO filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HELDO due?
- HELDO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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