Helecon
ActiveThe computed 12-month bankruptcy probability of Helecon is 1.8% (moderate). The 2025 annual accounts show equity of €312k and a net result of €69k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 27358 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
81
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+24
Solvency56▲+20
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.32 in 2024), but 75.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
Sector 43
higher
← 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
24.6%
Return on assets
5.4%
Age of the figures
8 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
19 d late
2023
19 d late
2022
16 d late
2021
8 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€312k▲ 45.9%
2024 · €214k
2021: €79k
2022: €135k
2023: €181k
2024: €214k
2021 → 2025
Total assets
€1.27M▲ 28.7%
2024 · €988k
2021: €229k
2022: €1.01M
2023: €942k
2024: €988k
2021 → 2025
Net result
€69k▲ 112%
2024 · €33k
2021: €60k
2022: €56k
2023: €47k
2024: €33k
2021 → 2025
Working capital
€168k▲ 176%
2024 · €61k
2021: €59k
2022: €34k
2023: €80k
2024: €61k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€135k▲ 70.8%€181k▲ 34.6%€214k▲ 18.0%€312k▲ 45.9%
Operating result€85k-€57k▼ 33.0%€66k▲ 16.8%€83k▲ 24.3%€130k▲ 57.2%
Net result€60k-€56k▼ 7.3%€47k▼ 16.7%€33k▼ 30.1%€69k▲ 112%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 57% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€910k▲ 23.4%
Current assets
€362k▲ 44.3%
Equity and liabilities €1.27M
Equity
€312k▲ 45.9%
Debt
€959k▲ 24.0%
The debt ratio falls from 78.3% to 75.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€203k▲
2024 · €144k
Cash flow
€142k▲
2024 · €94k
Solvency
24.6%▲
2024 · 21.7%
Current ratio
1.87▲
2024 · 1.32
Quick ratio
1.83▲
2024 · 1.18
Debt / equity
3.07▼
2024 · 3.62
ROE
22.1%▲
2024 · 15.2%
ROA
5.4%▲
2024 · 3.3%
Interest coverage
9.57▲
2024 · 5.58
Debt
€959k▲
2024 · €774k
Debt ≤ 1 year
€193k▲
2024 · €189k
Debt > 1 year
€766k▲
2024 · €584k
Income taxes
€40k▲
2024 · €24k
Staff costs
€88k▼
2024 · €99k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€988k€1.27M▲
Fixed assets21/28€737k€910k▲
Tangible fixed assets22/27€737k€910k▲
Land and buildings22€583k€799k▲
Plant, machinery and equipment23€21k€15k▼
Furniture and vehicles24€134k€96k▼
Current assets29/58€251k€362k▲
Stocks and contracts in progress3€26k€7k▼
Stocks30/36€26k€7k▼
Amounts receivable within one year40/41€134k€192k▲
Trade receivables40€96k€174k▲
Other amounts receivable41€38k€18k▼
Cash at bank and in hand54/58€91k€141k▲
Deferred charges and accrued income490/1-€22k
Equity and liabilities
Total equity and liabilities10/49€988k€1.27M▲
Equity10/15€214k€312k▲
Contributions10/11€19k€19k=
Reserves13€186k€244k▲
Distributable reserves133€186k€244k▲
Profit (loss) carried forward14€9k€50k▲
Amounts payable17/49€774k€959k▲
Amounts payable after more than one year17€584k€766k▲
Financial debts170/4€584k€766k▲
Amounts payable within one year42/48€189k€193k▲
Financial debts43€51k€53k▲
Credit institutions430/8€51k€53k▲
Trade debts44€35k€49k▲
Suppliers440/4€35k€49k▲
Taxes, remuneration and social security45€7k€18k▲
Taxes450/3-€11k
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€97k€74k▼
Income statement
Code20242025
Remuneration, social security and pensions62€99k€88k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€73k▲
Other operating charges640/8€5k€10k▲
Gross operating margin9900€249k€301k▲
Operating profit (loss)9901€83k€130k▲
Financial charges65/66B€26k€21k▼
Recurring financial charges65€26k€21k▼
Non-recurring financial charges66B€26k€21k▼
Profit (loss) for the period before taxes9903€57k€109k▲
Income taxes67/77€24k€40k▲
Profit (loss) for the period9904€33k€69k▲
Profit (loss) for the period to be appropriated9905€33k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€108k▲
Profit (loss) brought forward from the previous period14P€6k€39k▲
Transfer to equity691/2€29k€58k▲
To other reserves6921€29k€58k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €69k ▲112%
Operating result €130k, net result €69k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €33k ▼30.1%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €214k ▲18%
4 profitable years in a row build equity to €214k.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Equity above €150kEq €181k ▲34.6%
3 profitable years in a row build equity to €181k.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Equity above €100kEq €135k ▲70.8%
2 profitable years in a row build equity to €135k.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Nazareth-De Pinte · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenweg Deinze 1519810 Nazareth-De PinteGround area
1,249 m²
Building footprint
143 m²
Volume, LiDAR
432 m³
Parcel 44048G0139/00V000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Helecon
since 20202.304.096.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048G0139/00V000 | Flanders | 1,249 m² | 1 · 143 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 274 EUR awarded · 274 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 274 EUR | 274 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,459 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2020
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.