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HELEMMA

Active
Private limited company (pre-2019)founded 201412 yrs activeLambertusstraat 151, 3840 Tongeren-Borgloon, BelgiumKBO/BCE: BE 0544.954.710
Summary

HELEMMA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242,974 and a net result of -€2,343. Equity remains stable across the filed fiscal years (±1.1% per year). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability19▲+1
Solvency40▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 84.9% and cash: 0.3% of total assets), and 84.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
15.1%
Return on assets
-0.1%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
26 d late
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HELEMMA was incorporated on 24 January 2014.1 Total assets fell from EUR 2 million in 2019 to EUR 1.6 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€242,974▼ 1.0%
2024 · €245,317
Total assets
€1.6m▼ 5.0%
2024 · €1.7m
Net result
-€2,343▲ 37.9%
2024 · -€3,771
Working capital
-€1.3m▲ 4.1%
2024 · -€1.4m
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-€76,034▼ 17.9%-€66,920▲ 12.0%-€65,492▲ 2.1%-€71,397▼ 9.0%-€67,086▲ 6.0%
Net result-€8,822▼ 49.4%-€566▲ 93.6%€1,852-€3,771-€2,343▲ 37.9%
Equity€247,803▼ 3.4%€247,237▼ 0.2%€249,088▲ 0.7%€245,317▼ 1.5%€242,974▼ 1.0%
Total assets€1.9m▼ 3.6%€1.9m=€1.8m▼ 3.1%€1.7m▼ 5.7%€1.6m▼ 5.0%
Debt€1.6m▼ 3.6%€1.6m=€1.5m▼ 3.7%€1.4m▼ 6.4%€1.4m▼ 5.7%
Working capital-€1.6m▲ 2.6%-€1.5m▲ 3.8%-€1.5m▲ 4.1%-€1.4m▲ 3.8%-€1.3m▲ 4.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€80,000-€60,000-€40,000-€20,000€0Operating result 2021: -€76,034-€76,034Net result 2021: -€8,822-€8,822Operating result 2022: -€66,920-€66,920Net result 2022: -€566-€566Operating result 2023: -€65,492-€65,492Net result 2023: €1,852€1,852Operating result 2024: -€71,397-€71,397Net result 2024: -€3,771-€3,771Operating result 2025: -€67,086-€67,086Net result 2025: -€2,343-€2,34320212022202320242025-€80,000-€60,000-€40,000-€20,000€0Operating result 2023: -€65,492-€65,500Net result 2023: €1,852€1,850Operating result 2024: -€71,397-€71,400Net result 2024: -€3,771-€3,770Operating result 2025: -€67,086-€67,100Net result 2025: -€2,343-€2,340202320242025
The operating result stays negative: a loss of €67,086 in 2025 against €71,397 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €1.6m ▼ 3.6%
Current assets €20,662 ▼ 54.9%
Equity and liabilities €1.6m
Equity €242,974 ▼ 1.0%
Debt €1.4m ▼ 5.7%
Debt's share of the balance-sheet total falls from 85.5% to 84.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€7,817▲
2024 · -€11,632
Cash flow
€56,926▲
2024 · €55,993
Current ratio
0.02▼
2024 · 0.03
Debt to equity
5.62▼
2024 · 5.90
ROE
-1.0%▲
2024 · -1.5%
ROA
-0.1%▲
2024 · -0.2%
Interest coverage
-186.11▲
2024 · -276.96
Debt ≤ 1 year
€1.4m▼
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
0.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 1,422 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.7m€1.6m▼
Fixed assets21/28€1.6m€1.6m▼
Tangible fixed assets22/27€1.6m€1.6m▼
Land and buildings22€1.6m€1.6m▼
Furniture and vehicles24€0€0=
Current assets29/58€45,812€20,662▼
Amounts receivable within one year40/41€15,690€15,565▼
Trade receivables40€1,250€1,125▼
Other amounts receivable41€14,440€14,440=
Cash at bank and in hand54/58€29,956€5,097▼
Deferred charges and accrued income490/1€166-
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.6m▼
Equity10/15€245,317€242,974▼
Contributions10/11€362,400€362,400=
Profit (loss) carried forward14-€117,083-€119,426▼
Amounts payable17/49€1.4m€1.4m▼
Amounts payable within one year42/48€1.4m€1.4m▼
Trade debts44€1,027€57▼
Suppliers440/4€1,027€57▼
Other amounts payable47/48€1.4m€1.4m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59,764€59,269▼
Other operating charges640/8€899€1,817▲
Gross operating margin9900-€10,734-€6,000▲
Operating profit (loss)9901-€71,397-€67,086▲
Financial income75/76B€67,667€64,785▼
Recurring financial income75€67,667€64,785▼
Financial charges65/66B€42€42=
Recurring financial charges65€42€42=
Profit (loss) for the period before taxes9903-€3,771-€2,343▲
Profit (loss) for the period9904-€3,771-€2,343▲
Profit (loss) for the period to be appropriated9905-€3,771-€2,343▲
Appropriation of the result
Profit (loss) to be appropriated9906-€117,083-€119,426▼
Profit (loss) brought forward from the previous period14P-€113,312-€117,083▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€25----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60,185€60,259€60,259€59,764€59,269▼ 0.8%
Other operating charges640/8-€811€827€899€1,817▲ 102%
Gross operating margin9900-€15,647-€5,850-€4,406-€10,734-€6,000▲ 44.1%
Operating profit (loss)9901-€76,034-€66,920-€65,492-€71,397-€67,086▲ 6.0%
Financial income75/76B-€66,390€67,386€67,667€64,785▼ 4.3%
Recurring financial income75€67,256€66,390€67,386€67,667€64,785▼ 4.3%
Financial charges65/66B-€36€42€42€42=
Recurring financial charges65€44€36€42€42€42=
Profit (loss) for the period before taxes9903-€8,822-€566€1,852-€3,771-€2,343▲ 37.9%
Profit (loss) for the period9904-€8,822-€566€1,852-€3,771-€2,343▲ 37.9%
Profit (loss) for the period to be appropriated9905-€8,822-€566€1,852-€3,771-€2,343▲ 37.9%
Line20212022202320242025Change
Assets
Total assets20/58€1.9m€1.9m€1.8m€1.7m€1.6m▼ 5.0%
Fixed assets21/28€1.8m€1.8m€1.7m€1.6m€1.6m▼ 3.6%
Tangible fixed assets22/27€1.8m€1.8m€1.7m€1.6m€1.6m▼ 3.6%
Land and buildings22-€1.8m€1.7m€1.6m€1.6m▼ 3.6%
Furniture and vehicles24-€1,485€495€0€0-
Current assets29/58€27,110€86,892€89,003€45,812€20,662▼ 54.9%
Amounts receivable within one year40/41€16,648€14,440€14,440€15,690€15,565▼ 0.8%
Trade receivables40---€1,250€1,125▼ 10.0%
Other amounts receivable41-€14,440€14,440€14,440€14,440=
Cash at bank and in hand54/58€9,142€71,182€73,140€29,956€5,097▼ 83.0%
Deferred charges and accrued income490/1-€1,270€1,423€166--
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.9m€1.8m€1.7m€1.6m▼ 5.0%
Equity10/15€247,803€247,237€249,088€245,317€242,974▼ 1.0%
Contributions10/11-€362,400€362,400€362,400€362,400=
Profit (loss) carried forward14-€114,597-€115,163-€113,312-€117,083-€119,426▼ 2.0%
Amounts payable17/49€1.6m€1.6m€1.5m€1.4m€1.4m▼ 5.7%
Amounts payable within one year42/48€1.6m€1.6m€1.5m€1.4m€1.4m▼ 5.7%
Trade debts44€164€57€57€1,027€57▼ 94.4%
Suppliers440/4-€57€57€1,027€57▼ 94.4%
Other amounts payable47/48-€1.6m€1.5m€1.4m€1.4m▼ 5.6%
Line20212022202320242025Change
Profit (loss) for the period9904-€8,822-€566€1,852-€3,771-€2,343▲ 37.9%
+ Depreciation and write-downs630€60,185€60,259€60,259€59,764€59,269▼ 0.8%
Operating cash flow (approximation)€51,363€59,693€62,111€55,993€56,926▲ 1.7%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€62,040€1,958-€43,184-€24,859▲ 42.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
26-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Back to profitnet €1,852
Net result €1,852 after 4 loss-making years.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
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 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, Tongeren-Borgloon · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
1,649 m²
Building footprint
263 m²
Volume, LiDAR
1,093 m³
Parcel 73025A0108/00P000, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Lambertusstraat 151, 3840 Tongeren-Borgloon
Real estate development
since 20142.227.414.463
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73025A0108/00P000 Flanders 1,649 m² 1 · 263 m² 10.9 m · 1 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 2,100 EUR awarded · 2,100 EUR paid
Year Entries awardedpaid
2025 1 2,100 EUR2,100 EUR
Schemes
1 entry · 2,100 EUR · 2,100 EUR paid · Vlaams Energie- en Klimaatagentschap

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded24-01-2014
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.