HELDO
ActiveSummary
HELDO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €461k and a net result of €150k. Equity is shrinking by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+8
Solvency99▲+16
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.54 against 2.17 in 2024; short-term debt: 25.8% and cash: 32.6% of total assets), and 25.8% of the assets are financed with debt.
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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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
74.2%
Return on assets
24.2%
Age of the figures
9 mo
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 €461k
neutral · Filed after the deadline
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. 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
6 d early
2023
26 d late
2022
23 d late
2021
8 d late
2020
31 d late
2019
24 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
€0
2022 · €0
EBIT margin
Not included in this filing
Net result
€150k▲ 15.6%
2024 · €130k
Working capital
€407k▲ 15.5%
2024 · €352k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0€0€0
Operating result€98k▼ 0.1%€163k▲ 65.7%€121k▼ 25.6%€168k▲ 38.4%€162k▼ 3.6%
Net result€85k€134k▲ 56.2%€107k▼ 20.2%€130k▲ 21.9%€150k▲ 15.6%
Equity€690k▲ 14.1%€823k▲ 19.4%€290k▼ 64.8%€420k▲ 44.9%€461k▲ 9.7%
Total assets€796k▲ 7.6%€1.04M▲ 31.3%€1.04M▼ 0.8%€722k▼ 30.3%€621k▼ 13.9%
Debt€106k▼ 21.6%€221k▲ 109%€746k▲ 238%€301k▼ 59.6%€160k▼ 46.7%
Working capital€588k▲ 13.7%€736k▲ 25.3%€147k▼ 80.1%€352k▲ 140%€407k▲ 15.5%
Staff (FTE)2.6▼ 7.1%2.7▲ 3.8%2.8▲ 3.7%2.2▼ 21.4%1.7▼ 22.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €621k
Fixed assets
€54k ▼ 20.8%
Current assets
€568k ▼ 13.2%
Equity and liabilities €621k
Equity
€461k ▲ 9.7%
Debt
€160k ▼ 46.7%
Debt's share of the balance-sheet total falls from 41.8% to 25.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€175k▼
2024 · €177k
Cash flow
€163k▲
2024 · €139k
Current ratio
3.54▲
2024 · 2.17
Quick ratio
2.47▲
2024 · 1.67
Debt to equity
0.35▼
2024 · 0.72
ROE
32.6%▲
2024 · 30.9%
ROA
24.2%▲
2024 · 18.0%
Interest coverage
28.63▼
2024 · 197.09
Debt ≤ 1 year
€160k▼
2024 · €301k
Income taxes
€11k▼
2024 · €66k
Staff costs
€134k▼
2024 · €146k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1.31M | €1.33M | €1.47M | €1.62M | - | - |
| Remuneration, social security and pensions62 | €157k | €189k | €211k | €146k | €134k | ▼ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €19k | €26k | €9k | €13k | ▲ 49.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €324 | - | - | €4k | - | - |
| Other operating charges640/8 | €197 | €528 | €323 | €9k | €1k | ▼ 86.9% |
| Gross operating margin9900 | €287k | €371k | €358k | €336k | €311k | ▼ 7.6% |
| Operating profit (loss)9901 | €98k | €163k | €121k | €168k | €162k | ▼ 3.6% |
| Financial income75/76B | €27k | €24k | €31k | €29k | €6k | ▼ 80.5% |
| Recurring financial income75 | €27k | €24k | €31k | €29k | €6k | ▼ 80.5% |
| Financial charges65/66B | €794 | €587 | €2k | €896 | €6k | ▲ 582% |
| Recurring financial charges65 | €794 | €587 | €2k | €896 | €6k | ▲ 582% |
| Profit (loss) for the period before taxes9903 | €125k | €186k | €151k | €196k | €161k | ▼ 17.7% |
| Income taxes67/77 | €40k | €53k | €45k | €66k | €11k | ▼ 83.2% |
| Profit (loss) for the period9904 | €85k | €134k | €107k | €130k | €150k | ▲ 15.6% |
| Profit (loss) for the period to be appropriated9905 | €85k | €134k | €107k | €130k | €150k | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €796k | €1.04M | €1.04M | €722k | €621k | ▼ 13.9% |
| Fixed assets21/28 | €102k | €87k | €143k | €68k | €54k | ▼ 20.8% |
| Tangible fixed assets22/27 | €102k | €87k | €143k | €67k | €53k | ▼ 21.0% |
| Land and buildings22 | €19k | €16k | €14k | €14k | €48k | ▲ 242% |
| Plant, machinery and equipment23 | €66k | €55k | €62k | €52k | €367 | ▼ 99.3% |
| Furniture and vehicles24 | €17k | €15k | €67k | €773 | €4k | ▲ 456% |
| Other tangible fixed assets26 | €0 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €653 | €653 | €653 | €653 | €653 | = |
| Current assets29/58 | €693k | €957k | €893k | €654k | €568k | ▼ 13.2% |
| Stocks and contracts in progress3 | €137k | €134k | €165k | €151k | €171k | ▲ 12.7% |
| Stocks30/36 | €137k | €134k | €165k | €151k | €171k | ▲ 12.7% |
| Amounts receivable within one year40/41 | €204k | €232k | €156k | €135k | €192k | ▲ 41.8% |
| Trade receivables40 | €98k | €126k | €119k | €132k | €38k | ▼ 71.4% |
| Other amounts receivable41 | €106k | €106k | €37k | €3k | €154k | ▲ 4,389% |
| Current investments50/53 | - | - | - | €225k | - | - |
| Cash at bank and in hand54/58 | €346k | €584k | €569k | €141k | €203k | ▲ 44.1% |
| Deferred charges and accrued income490/1 | €6k | €7k | €3k | €1k | €2k | ▲ 79.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €796k | €1.04M | €1.04M | €722k | €621k | ▼ 13.9% |
| Equity10/15 | €690k | €823k | €290k | €420k | €461k | ▲ 9.7% |
| Contributions10/11 | €63k | €63k | €63k | €63k | €63k | = |
| Capital10 | €63k | €63k | €63k | €63k | €63k | = |
| Issued capital100 | €63k | €63k | €63k | €63k | €63k | = |
| Reserves13 | €213k | €213k | €213k | €343k | €213k | ▼ 37.9% |
| Non-distributable reserves130/1 | €10k | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | €10k | €10k | €10k | €10k | €10k | = |
| Tax-exempt reserves132 | €38k | €38k | €38k | €38k | €38k | = |
| Distributable reserves133 | €165k | €165k | €165k | €295k | €165k | ▼ 44.1% |
| Profit (loss) carried forward14 | €415k | €548k | €15k | €15k | €185k | ▲ 1,147% |
| Amounts payable17/49 | €106k | €221k | €746k | €301k | €160k | ▼ 46.7% |
| Amounts payable within one year42/48 | €106k | €221k | €746k | €301k | €160k | ▼ 46.7% |
| Current portion of amounts payable after more than one year42 | €10k | €10k | €10k | €7k | €10k | ▲ 51.4% |
| Financial debts43 | - | - | €0 | €0 | - | - |
| Credit institutions430/8 | - | - | €0 | €0 | - | - |
| Trade debts44 | €25k | €36k | €35k | €31k | €14k | ▼ 53.0% |
| Suppliers440/4 | €25k | €36k | €35k | €31k | €14k | ▼ 53.0% |
| Advances received on contracts in progress46 | - | - | €215 | €0 | - | - |
| Taxes, remuneration and social security45 | €30k | €56k | €41k | €73k | €17k | ▼ 76.7% |
| Taxes450/3 | €11k | €35k | €17k | €60k | €969 | ▼ 98.4% |
| Remuneration and social security454/9 | €19k | €21k | €25k | €13k | €16k | ▲ 25.1% |
| Other amounts payable47/48 | €40k | €119k | €660k | €191k | €119k | ▼ 37.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85k | €134k | €107k | €130k | €150k | ▲ 15.6% |
| + Depreciation and write-downs630 | €31k | €19k | €26k | €9k | €13k | ▲ 49.7% |
| Operating cash flow (approximation) | €116k | €153k | €132k | €139k | €163k | ▲ 17.8% |
| Investment in fixed assets (approximation) | - | €-4k | €-82k | €67k | €847 | ▼ 98.7% |
| Change in cash | - | €238k | €-15k | €-428k | €62k | ▲ 114% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €150k ▲15.6%
Net result €150k, the highest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
31-12
Financial
Back to profitnet €85k
Net result €85k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Erpe-Mere · 1 establishment unit since 1999
Ground area
1,733 m²
Building footprint
402 m²
Volume, LiDAR
2,486 m³
Parcel 41009B0211/00A006, Flanders · tallest building 11.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Stationsstraat 2, 9420 Erpe-Mere
since 19992.091.093.237
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41009B0211/00A006 | Flanders | 1,733 m² | 1 · 402 m² | 11.6 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.
Similar companies · same sector, comparable size
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BE 0425.814.360
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PHARMAYOU GLONS
BE 0415.732.694
Bassenge · Eq €461,079
VERBIFARMA
BE 0661.885.339
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PHARMACIE BEGON - VANDYCK
BE 0415.577.890
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Of 5,221 companies in sector 47730 we hold annual accounts for 3,860. 3,390 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Scores and ratios are computed by Checked and are not a credit decision.