Heldr.
ActiveSummary
The annual accounts of Heldr. for fiscal year 2025 show a net loss of 65% of the equity at the start of that year. The 2025 annual accounts show equity of €178,156 and a net result of -€101,569. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 10% of 2062 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+5
Solvency31▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 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 short (current ratio 0.2 against 0.39 in 2024; short-term debt: 47.9% and cash: 0.1% of total assets), and 94% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 2062 sector peers (2025).
NBB · sector comparisonPosition among 2062 sector peers
Solvency
better than 10%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
16 d early
2023
30 d late
2022
18 d early
2021
20 d early
2020
36 d early
2019
4 d early
← 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 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€101,569▲ 36.7%
2024 · -€160,499
Working capital
-€1.1m▼ 72.9%
2024 · -€658,752
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
Operating result€551,310-€235,701-€29,195▲ 87.6%-€127,431▼ 336%-€84,258▲ 33.9%
Net result€411,382-€267,147-€53,712▲ 79.9%-€160,499▼ 199%-€101,569▲ 36.7%
Equity€637,743▲ 179%€370,596▼ 41.9%€316,884▼ 14.5%€156,385▼ 50.6%€178,156▲ 13.9%
Total assets€3.5m▲ 303%€3.5m▼ 2.0%€3.2m▼ 7.2%€3.2m▼ 0.8%€3.0m▼ 6.0%
Debt€2.7m▲ 401%€2.9m▲ 7.4%€2.7m▼ 6.5%€2.9m▲ 5.2%€2.7m▼ 7.2%
Working capital€49,786▼ 45.0%-€304,244-€390,865▼ 28.5%-€658,752▼ 68.5%-€1.1m▼ 72.9%
Staff (FTE)11.3▲ 46.8%11.9▲ 5.3%8.7▼ 26.9%7.6▼ 12.6%7.1▼ 6.6%
Why a figure moved sharply
- 2024 Net result -199%, Equity -51% on 2023. Cause not known from the registers.
- 2023 Net result +80% on 2022. Cause not known from the registers.
- 2021 Equity +179%, Total assets +303% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €84,258 in 2025 against €127,431 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€2.7m ▼ 2.0%
Current assets
€292,197 ▼ 31.5%
Equity and liabilities €3.0m
Equity
€178,156 ▲ 13.9%
Provisions
€144,705 ▼ 4.5%
Debt
€2.7m ▼ 7.2%
Debt's share of the balance-sheet total falls from 90.3% to 89.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,494▲
2024 · -€30,780
Cash flow
-€4,816▲
2024 · -€63,848
Current ratio
0.20▼
2024 · 0.39
Debt to equity
14.97▼
2024 · 18.37
ROE
-57.0%▲
2024 · -102.6%
ROA
-3.4%▲
2024 · -5.0%
Interest coverage
0.32▲
2024 · -0.77
Debt ≤ 1 year
€1.4m▲
2024 · €1.1m
Debt > 1 year
€1.2m▼
2024 · €1.8m
Staff costs
€381,742▼
2024 · €397,703
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 974 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 | €689,048 | €0 | €45,006 | €0 | €30,000 | - |
| Remuneration, social security and pensions62 | €474,742 | €520,599 | €442,454 | €397,703 | €381,742 | ▼ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €147,711 | €158,850 | €95,878 | €96,651 | €96,752 | ▲ 0.1% |
| Other operating charges640/8 | €10,226 | €10,283 | €11,924 | €12,005 | €12,000 | = |
| Gross operating margin9900 | €1.2m | €454,031 | €521,061 | €378,928 | €406,236 | ▲ 7.2% |
| Operating profit (loss)9901 | €551,310 | -€235,701 | -€29,195 | -€127,431 | -€84,258 | ▲ 33.9% |
| Financial income75/76B | €2,930 | €2,295 | €1,935 | €286 | €15,096 | ▲ 5,187% |
| Recurring financial income75 | €2,930 | €2,295 | €1,935 | €286 | €15,096 | ▲ 5,187% |
| Financial charges65/66B | €72,402 | €40,361 | €33,221 | €40,122 | €39,176 | ▼ 2.4% |
| Recurring financial charges65 | €72,402 | €40,361 | €33,221 | €40,122 | €39,176 | ▼ 2.4% |
| Profit (loss) for the period before taxes9903 | €481,838 | -€273,767 | -€60,482 | -€167,268 | -€108,338 | ▲ 35.2% |
| Transfer from deferred taxes780 | €104,967 | €6,769 | €6,769 | €6,769 | €6,769 | = |
| Transfer to deferred taxes680 | €172,262 | €0 | - | - | - | - |
| Income taxes67/77 | €3,161 | €149 | €0 | - | - | - |
| Profit (loss) for the period9904 | €411,382 | -€267,147 | -€53,712 | -€160,499 | -€101,569 | ▲ 36.7% |
| Transfer from tax-exempt reserves789 | €158,171 | €20,307 | €20,307 | €20,307 | €20,307 | = |
| Transfer to tax-exempt reserves689 | €516,786 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €52,767 | -€246,840 | -€33,405 | -€140,191 | -€81,261 | ▲ 42.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.5m | €3.2m | €3.2m | €3.0m | ▼ 6.0% |
| Fixed assets21/28 | €3.1m | €2.9m | €2.9m | €2.8m | €2.7m | ▼ 2.0% |
| Intangible fixed assets21 | €191,986 | €176,468 | €162,689 | €135,704 | €110,691 | ▼ 18.4% |
| Tangible fixed assets22/27 | €2.8m | €2.7m | €2.6m | €2.5m | €2.6m | ▲ 2.0% |
| Land and buildings22 | €2.5m | €2.4m | €2.4m | €2.3m | €2.4m | ▲ 2.9% |
| Plant, machinery and equipment23 | €235,763 | €193,392 | €188,019 | €182,646 | €177,998 | ▼ 2.5% |
| Furniture and vehicles24 | €68,587 | €57,776 | €39,385 | €26,176 | €14,280 | ▼ 45.4% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €82,500 | €82,500 | €82,500 | €82,500 | - | - |
| Current assets29/58 | €468,081 | €515,733 | €354,202 | €426,737 | €292,197 | ▼ 31.5% |
| Stocks and contracts in progress3 | €129,093 | €266,967 | €75,402 | €272,387 | - | - |
| Stocks30/36 | €118,643 | €151,363 | €68,272 | €53,691 | - | - |
| Contracts in progress37 | €10,450 | €115,603 | €7,130 | €218,696 | - | - |
| Amounts receivable within one year40/41 | €171,598 | €237,607 | €158,994 | €147,352 | €286,897 | ▲ 94.7% |
| Trade receivables40 | €154,858 | €219,306 | €151,844 | €125,782 | €286,446 | ▲ 128% |
| Other amounts receivable41 | €16,739 | €18,300 | €7,150 | €21,569 | €451 | ▼ 97.9% |
| Cash at bank and in hand54/58 | €165,337 | €6,638 | €115,925 | €5,827 | €3,267 | ▼ 43.9% |
| Deferred charges and accrued income490/1 | €2,053 | €4,521 | €3,882 | €1,172 | €2,034 | ▲ 73.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.5m | €3.2m | €3.2m | €3.0m | ▼ 6.0% |
| Equity10/15 | €637,743 | €370,596 | €316,884 | €156,385 | €178,156 | ▲ 13.9% |
| Contributions10/11 | €132,127 | €132,127 | €132,127 | €132,127 | €132,127 | = |
| Capital10 | €132,127 | €132,127 | €132,127 | €132,127 | €132,127 | = |
| Issued capital100 | €132,127 | €132,127 | €132,127 | €132,127 | €132,127 | = |
| Revaluation surpluses12 | - | - | - | - | €119,228 | - |
| Reserves13 | €517,114 | €496,807 | €476,500 | €456,192 | €439,996 | ▼ 3.6% |
| Non-distributable reserves130/1 | €1,770 | €1,770 | €1,770 | €1,770 | €1,770 | = |
| Legal reserve130 | €1,770 | €1,770 | €1,770 | €1,770 | €1,770 | = |
| Tax-exempt reserves132 | €515,345 | €495,037 | €474,730 | €454,423 | €434,115 | ▼ 4.5% |
| Distributable reserves133 | - | - | - | - | €4,111 | - |
| Profit (loss) carried forward14 | -€11,499 | -€258,338 | -€291,743 | -€431,935 | -€513,196 | ▼ 18.8% |
| Provisions and deferred taxes16 | €171,782 | €165,012 | €158,243 | €151,474 | €144,705 | ▼ 4.5% |
| Deferred taxes168 | €171,782 | €165,012 | €158,243 | €151,474 | €144,705 | ▼ 4.5% |
| Amounts payable17/49 | €2.7m | €2.9m | €2.7m | €2.9m | €2.7m | ▼ 7.2% |
| Amounts payable after more than one year17 | €2.3m | €2.1m | €2.0m | €1.8m | €1.2m | ▼ 30.3% |
| Financial debts170/4 | €2.0m | €1.8m | €1.7m | €1.4m | €1.2m | ▼ 13.5% |
| Other amounts payable178/9 | €262,250 | €264,372 | €317,015 | €345,562 | - | - |
| Amounts payable within one year42/48 | €418,296 | €819,976 | €745,068 | €1.1m | €1.4m | ▲ 31.8% |
| Current portion of amounts payable after more than one year42 | €206,946 | €286,179 | €233,741 | €235,310 | €193,036 | ▼ 18.0% |
| Financial debts43 | - | - | - | €11 | - | - |
| Credit institutions430/8 | - | - | - | €11 | - | - |
| Trade debts44 | €139,578 | €214,070 | €189,313 | €296,416 | €245,522 | ▼ 17.2% |
| Suppliers440/4 | €139,578 | €214,070 | €189,313 | €296,416 | €245,522 | ▼ 17.2% |
| Advances received on contracts in progress46 | - | €141,478 | €29,625 | €182,174 | - | - |
| Taxes, remuneration and social security45 | €24,329 | €48,059 | €34,620 | €57,809 | €30,947 | ▼ 46.5% |
| Taxes450/3 | €5,616 | €8,621 | €3,690 | €1,599 | €7,430 | ▲ 365% |
| Remuneration and social security454/9 | €18,713 | €39,438 | €30,930 | €56,210 | €23,517 | ▼ 58.2% |
| Other amounts payable47/48 | €47,442 | €130,189 | €257,768 | €313,768 | €961,567 | ▲ 206% |
| Accrued charges and deferred income492/3 | €4,809 | €12,793 | €2,948 | €12,440 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €411,382 | -€267,147 | -€53,712 | -€160,499 | -€101,569 | ▲ 36.7% |
| + Depreciation and write-downs630 | €147,711 | €158,850 | €95,878 | €96,651 | €96,752 | ▲ 0.1% |
| Operating cash flow (approximation) | €559,093 | -€108,297 | €42,165 | -€63,848 | -€4,816 | ▲ 92.5% |
| Investment in fixed assets (approximation) | - | -€39,065 | -€7,250 | €0 | -€40,840 | - |
| Change in cash | - | -€158,699 | €109,287 | -€110,098 | -€2,560 | ▲ 97.7% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€267,147
Net result drops to -€267,147, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €411,382
Net result €411,382 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €637,743 ▲179%
Equity rises from €228,187 to €637,743.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
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, Gent · 1 establishment unit since 2021
Ground area
2,995 m²
Building footprint
1,524 m²
Volume, LiDAR
11,181 m³
Parcel 44062D0321/00N000, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Poortakkerstraat 17, 9051 Gent
since 20212.318.676.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062D0321/00N000 | Flanders | 2,995 m² | 1 · 1,524 m² | 13.9 m · 3 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
Owners and holdings
2 ownersChain of control
- ANTONELLO
- Heldr.
Highest known parent: ANTONELLO. The sources do not say who stands above it.
Owners 2
- ANTONELLOparentSourceaccounts ANTONELLO 2024100%
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 165 EUR awarded · 165 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 165 EUR | 165 EUR |
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Of 489 companies in sector 43343 we hold annual accounts for 294. 251 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
Founded30-06-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43343Specialised construction activities
56220Contract catering and other food service activities
93110Operation of sports facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453005737
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.