From the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
HELEON ENGINEERING has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.5m and a net result of €774,182. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 44% of 2,558 sector peers (NACE 71, financial year 2025). The company has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432219.
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 27-08-2026
- Format
- abbreviated format
- Reference
- 2026-00432219
Turnover
≈ €1.4m
Estimated: probably between €1.0m and €1.8m
Total assets
€8.4m▲ 9.5%
2024 · €7.6m
Net result
€774,182▼ 14.7%
2024 · €907,144
Working capital
-€2.0m▼ 21.8%
2024 · -€1.6m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 156% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.5m
2025
Net result€0.8m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.4m
2025
Equity€3.5m
2025
Debt€4.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2.0m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency42.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.59
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.09m▼ 42.1%€0.1m▲ 16.5%€0.2m▲ 43.9%€0.2m▼ 1.9%€0.2m▲ 5.6%€0.2m▲ 26.6%€0.5m▲ 156%
Net result-€0.07m-€0.08m€0.8mabove the sector's middle half▲ 937%€0.2mabove the sector's middle half▼ 77.3%€0.2mabove the sector's middle half▲ 32.6%€0.3mabove the sector's middle half▲ 13.9%€0.9mabove the sector's middle half▲ 227%€0.8mabove the sector's middle half▼ 14.7%
Equity€1.4m-€1.4m▲ 5.6%€2.3mabove the sector's middle half▲ 56.0%€2.4mabove the sector's middle half▲ 8.2%€2.4mabove the sector's middle half▲ 0.2%€2.7mabove the sector's middle half▲ 11.3%€3.6mabove the sector's middle half▲ 31.9%€3.5mabove the sector's middle half▼ 2.2%
Total assets€6.5m-€7.0m▲ 8.4%€7.3mabove the sector's middle half▲ 4.3%€7.2mabove the sector's middle half▼ 2.2%€6.9mabove the sector's middle half▼ 3.5%€6.9mabove the sector's middle half=€7.6mabove the sector's middle half▲ 10.3%€8.4mabove the sector's middle half▲ 9.5%
Debt€5.0m-€5.5m▲ 9.3%€5.0m▼ 9.2%€4.7m▼ 6.9%€4.4m▼ 5.5%€4.2m▼ 4.6%€4.0m▼ 3.7%€4.8m▲ 19.9%
Working capital-€2.3m--€2.8m▼ 22.5%-€2.2mbelow the sector's middle half▲ 23.3%-€2.5mbelow the sector's middle half▼ 14.3%-€2.6mbelow the sector's middle half▼ 4.2%-€2.4mbelow the sector's middle half▲ 5.0%-€1.6mbelow the sector's middle half▲ 33.2%-€2.0mbelow the sector's middle half▼ 21.8%
Solvency21.1%-20.6%▼ 0.5pp30.7%within the sector's middle half▲ 10.2pp34.0%within the sector's middle half▲ 3.3pp35.3%within the sector's middle half▲ 1.3pp39.3%within the sector's middle half▲ 4.0pp47.0%within the sector's middle half▲ 7.7pp42.0%within the sector's middle half▼ 5.0pp
Current ratio0.51-0.42▼ 0.090.52below the sector's middle half▲ 0.100.43below the sector's middle half▼ 0.100.38below the sector's middle half▼ 0.040.40below the sector's middle half▲ 0.010.59below the sector's middle half▲ 0.190.59below the sector's middle half=
Return on assets (ROA)-1.2%-1.1%▲ 2.3pp11.1%within the sector's middle half▲ 9.9pp2.6%within the sector's middle half▼ 8.5pp3.5%within the sector's middle half▲ 1.0pp4.0%within the sector's middle half▲ 0.5pp11.9%within the sector's middle half▲ 7.9pp9.3%within the sector's middle half▼ 2.6pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.4m
Fixed assets
€5.5m ▲ 3.7%
Current assets
€2.9m ▲ 22.6%
Equity and liabilities €8.4m
Equity
€3.5m ▼ 2.2%
Debt
€4.8m ▲ 19.9%
Debt's share of the balance-sheet total rises from 53.0% to 58.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
22.1%▼
2024 · 25.3%
Debt ≤ 1 year
€4.8m▲
2024 · €4.0m
Debt > 1 year
€0▼
2024 · €80,350
Income taxes
€225,050▲
2024 · €77,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €7,500 | €0 | €11,094 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,933 | €21,430 | €24,229 | €23,808 | €22,132 | €24,187 | €23,671 | €21,733 | ▼ 8.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | -€71,303 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €5,269 | €4,727 | €4,259 | €5,032 | €3,625 | ▼ 28.0% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €136,185 | €122,061 | €144,642 | €186,597 | €181,377 | €120,288 | €235,173 | €553,522 | ▲ 135% |
| Operating profit (loss)9901 | €162,211 | €93,937 | €109,468 | €157,520 | €154,518 | €163,145 | €206,470 | €528,164 | ▲ 156% |
| Financial income75/76B | - | - | - | €118,579 | €191,423 | €161,949 | €793,202 | €485,047 | ▼ 38.8% |
| Recurring financial income75 | €27,895 | €47,543 | €852,431 | €118,579 | €191,423 | €161,949 | €793,202 | €485,047 | ▼ 38.8% |
| Financial charges65/66B | - | - | - | €23,093 | €34,338 | -€4,343 | €14,685 | €13,978 | ▼ 4.8% |
| Recurring financial charges65 | €253,424 | €29,295 | €20,706 | €23,093 | €34,338 | -€4,343 | €14,685 | €13,978 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | -€63,318 | €112,185 | €941,193 | €253,006 | €311,603 | €329,437 | €984,987 | €999,233 | ▲ 1.4% |
| Income taxes67/77 | €11,307 | €34,015 | €130,541 | €69,130 | €67,799 | €51,717 | €77,843 | €225,050 | ▲ 189% |
| Profit (loss) for the period9904 | -€74,624 | €78,171 | €810,652 | €183,876 | €243,804 | €277,720 | €907,144 | €774,182 | ▼ 14.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €232,500 | €0 | €35,600 | €0 | €42,100 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €42,100 | €0 | - | €42,100 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€74,624 | €42,571 | €854,052 | €374,276 | €243,804 | €313,320 | €865,044 | €816,282 | ▼ 5.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.5m | €7.0m | €7.3m | €7.2m | €6.9m | €6.9m | €7.6m | €8.4m | ▲ 9.5% |
| Fixed assets21/28 | €4.1m | €5.0m | €5.0m | €5.3m | €5.3m | €5.3m | €5.3m | €5.5m | ▲ 3.7% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.8m | ▲ 30.8% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 2.8% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.002m | €0.02m | €0.01m | €0.007m | ▼ 47.3% |
| Other tangible fixed assets26 | - | - | - | €0.004m | €0.003m | €0.006m | €0.005m | €0.004m | ▼ 14.9% |
| Assets under construction and advance payments27 | - | - | - | - | - | - | - | €0.2m | - |
| Financial fixed assets28 | €3.4m | €4.3m | €4.3m | €4.7m | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Current assets29/58 | €2.4m | €2.0m | €2.4m | €1.8m | €1.6m | €1.6m | €2.3m | €2.9m | ▲ 22.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | = |
| Other amounts receivable291 | - | - | - | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | = |
| Stocks and contracts in progress3 | €0.2m | €0.08m | €0.08m | €0 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.06m | €0.05m | €0.04m | €0.04m | €0.06m | €0.03m | €0.2m | €0.9m | ▲ 259% |
| Trade receivables40 | - | - | - | €0.04m | €0.06m | €0.03m | €0.05m | €0.3m | ▲ 516% |
| Other amounts receivable41 | - | - | - | €16 | €0 | €436 | €0.2m | €0.6m | ▲ 200% |
| Current investments50/53 | €0.6m | €0.6m | €0.6m | €0.4m | €0.5m | €0.6m | €0.8m | €1.2m | ▲ 45.0% |
| Cash at bank and in hand54/58 | €0.3m | €0.4m | €0.3m | €0.5m | €0.4m | €0.09m | €0.2m | €0.1m | ▼ 5.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.04m | €0.1m | €0.5m | €0.07m | ▼ 87.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.5m | €7.0m | €7.3m | €7.2m | €6.9m | €6.9m | €7.6m | €8.4m | ▲ 9.5% |
| Equity10/15 | €1.4m | €1.4m | €2.3m | €2.4m | €2.4m | €2.7m | €3.6m | €3.5m | ▼ 2.2% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €1.4m | €1.4m | €2.2m | €2.4m | €2.4m | €2.7m | €3.6m | €3.5m | ▼ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.08m | €0.08m | €0.04m | €0.08m | €0.04m | ▼ 50.0% |
| Distributable reserves133 | - | - | - | €2.3m | €2.4m | €2.7m | €3.5m | €3.5m | ▼ 1.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.07m | €0.07m | €0 | - | - | - |
| Pensions and similar obligations160 | - | - | - | €0.07m | €0.07m | €0 | - | - | - |
| Amounts payable17/49 | €5.0m | €5.5m | €5.0m | €4.7m | €4.4m | €4.2m | €4.0m | €4.8m | ▲ 19.9% |
| Amounts payable after more than one year17 | €0.2m | €0.6m | €0.5m | €0.4m | €0.2m | €0.2m | €0.08m | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | €0.4m | €0.2m | €0.2m | €0.08m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €4.7m | €4.9m | €4.5m | €4.3m | €4.2m | €4.0m | €4.0m | €4.8m | ▲ 22.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.08m | €0.08m | €0.08m | ▲ 0.8% |
| Financial debts43 | - | - | - | €0 | - | €0.001m | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | €0.001m | €0 | - | - |
| Trade debts44 | €0.02m | €0.01m | €0.02m | €0.01m | €0.007m | €0.007m | €0.006m | €0.008m | ▲ 35.3% |
| Suppliers440/4 | - | - | - | €0.01m | €0.007m | €0.007m | €0.006m | €0.008m | ▲ 35.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.07m | €0.04m | €0.05m | €0.2m | ▲ 278% |
| Taxes450/3 | - | - | - | €0.1m | €0.07m | €0.04m | €0.04m | €0.2m | ▲ 317% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.006m | €0 | €0.006m | €0.006m | ▲ 10.4% |
| Other amounts payable47/48 | - | - | - | €4.0m | €4.0m | €3.9m | €3.8m | €4.6m | ▲ 19.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0 | - | €0.001m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€74,624 | €78,171 | €810,652 | €183,876 | €243,804 | €277,720 | €907,144 | €774,182 | ▼ 14.7% |
| + Depreciation and write-downs630 | €20,933 | €21,430 | €24,229 | €23,808 | €22,132 | €24,187 | €23,671 | €21,733 | ▼ 8.2% |
| Operating cash flow (approximation) | -€53,691 | €99,600 | €834,881 | €207,684 | €265,936 | €301,907 | €930,815 | €795,915 | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | -€911,990 | -€17,428 | -€386,389 | -€1,144 | -€20,196 | -€1,204 | -€217,753 | ▼ 17,988% |
| Change in cash | - | €104,547 | -€121,418 | €203,715 | -€157,761 | -€263,428 | €60,209 | -€8,535 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00432219 | NBB |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00300576 | |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00234423 | |
| 31-12-2022 | abbreviated format | 18-07-2023 | 2023-00244887 | |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20188162 | |
| 31-12-2020 | abbreviated format | 20-08-2021 | 2021-50300284 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-46900067 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-53400547 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-55900346 | |
| 15-12-2016 | abbreviated format | 17-07-2017 | 2017-32700129 |
Similar companies · same sector, comparable size
Technogas
BE 0405.997.458
Mortsel · equity €3,524,821
INSTITUT DE CONSEIL ET D'ETUDES EN DEVELOPPEMENT DURABLE en abrégé "ICEDD"
BE 0407.573.214
Namur · equity €3,488,704
SPARNEX
BE 0419.887.957
Antwerpen · equity €3,487,424
TRANSPORT & MOBILITY LEUVEN
BE 0476.966.024
Leuven · equity €3,480,535
CEE-ENGINEERING
BE 0898.038.272
Beauvechain · equity €3,474,644
Of the 11,532 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,796. 1,687 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.