HELES · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HELES is 0.6% (low). The 2023 annual accounts show equity of €447k and a net result of €50k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 1069 sector peers (fiscal year 2023). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2023).

View the result trend

Growing equity

Equity grew over 2022-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-08-2024, 20 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.

How we compute the deadline

This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 31-12, because adding twelve months right after a change is unreliable. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2023	31-07-2024	20-08-2024	20 d late	2024-00369387
14-02-2023	14-09-2023	17-08-2023	28 d early	2023-00354106
14-02-2022	14-09-2022	17-08-2022	28 d early	2022-20312301
14-02-2021	14-09-2021	30-09-2021	16 d late	2021-70500165
14-02-2020	14-09-2020	30-11-2020	77 d late	2020-73800303
14-02-2019	14-09-2019	18-09-2019	4 d late	2019-64800273
14-02-2018	14-09-2018	14-12-2018	91 d late	2018-74500499
14-02-2017	14-09-2017	19-12-2017	96 d late	2017-72300402
14-02-2016	14-09-2016	11-10-2016	27 d late	2016-65400238
14-02-2015	14-09-2015	30-09-2015	16 d late	2015-62500450

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1992, 33 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Long track record −Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€50k+13.6%

Working capital€471k+4.4%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 20-08-2024 with the NBB · fiscal year 2023 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~30.5%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	46.8%	23.1%	better than 73% of 1069 sector peers
Net result	€50k	€25k	better than 61% of 1068 sector peers
Equity	€447k	€132k	better than 78% of 1070 sector peers
Gross operating margin	€144k	€202k	better than 39% of 1068 sector peers
Staff costs	€22k	€151k	higher than 8% of 810 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P73

Improving position over 2020-2023 · n=536-1069

Net result P61

Weakening position over 2020-2023 · n=536-1068

Equity P78

Improving position over 2020-2023 · n=536-1070

Gross operating margin P39

Weakening position over 2020-2023 · n=536-1068

Describes the position versus peers, not a forecast.

EBITDA

€111k

+4.3% 19-23

Net profit

€50k

+13.6% 19-23

Cash flow

€89k

+3.2% 19-23

Total assets

€955k

+8.4% 19-23

Equity

€447k

+12.5% 19-23

Working capital

€471k

+4.4% 19-23

Employees (FTE)

1

-25.0% 19-23

Staff costs

€22k

-3.2% 19-23

Income taxes

€14k

+14.0% 19-23

Debt

€508k

+5.1% 19-23

Debt ≤ 1y

€368k

+7.0% 19-23

Debt > 1y

€140k

+0.5% 19-23

Current ratio

2.28

-1.4% 19-23

Quick ratio

1.24

+9.9% 19-23

Solvency

46.8%

+3.7% 19-23

Debt / equity

1.14

-6.5% 19-23

ROE

11.1%

+1.0% 19-23

ROA

5.2%

+4.8% 19-23

Interest coverage

10.74

+6.2% 19-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	€111k
Net profit	€50k
Cash flow	€89k
Staff costs	€22k
Income taxes	€14k
Dividends	-
Total assets	€955k
Equity	€447k
Debt	€508k
of which ≤ 1y	€368k
of which > 1y	€140k
Working capital	€471k
Employees (FTE)	0.6

Ratios (computed)

	2023
Current ratio	2.28
Quick ratio	1.24
Working capital ratio	49.3%
Solvency	46.8%
Debt / equity	1.14
Long-term debt ratio	0.31
Interest coverage	10.74
Gross margin	-
Net margin	-
ROA	5.2%
ROE	11.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €116k · 12.1% Current assets €840k · 87.9%

Equity & liabilities

Equity €447k · 46.8% Debt €508k · 53.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€955k
Fixed assets	21/28	€116k
Tangible fixed assets	22/27	€116k
Current assets	29/58	€840k
Stocks & contracts in progress	3	€383k
Amounts receivable within one year	40/41	€265k
Cash & bank	54/58	€111k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€955k
Equity	10/15	€447k
Contributions / capital	10/11	€74k
Reserves	13	€155k
Accumulated profits (losses)	14	€218k
Amounts payable	17/49	€508k
Amounts payable after one year	17	€140k
Amounts payable within one year	42/48	€368k
Trade debts payable within one year	44	€64k
Income statement
Gross operating margin	9900	€144k
Operating result	9901	€72k
Financial income	75	€3k
Financial charges	65	€10k
Result before taxes	9903	€64k
Income taxes	67/77	€14k
Net result for the period	9904	€50k
Result to be appropriated	9905	€50k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

MARCCAIN EXCLUSIEF

Dokter Willemsstraat 5, 3500 HasseltDetailhandel in textiel

since 19922.059.890.416

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area277 m²

Buildings1

Building footprint277 m²

Volume (LiDAR)2,922 m³

Tallest building13.7 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71022H1047/00K000	Flanders	277 m²	1 · 277 m²	13.7 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Capital history · 1

20-12-2023

Capital change

All acts · 1 updated 2 years ago

2023

20-12-2023 Transaction in capital or shares Capital & shares·Frederik VAN DAMME

Notary: Frederik VAN DAMME · Hasselt

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 55

Solvency 92

Growth 78

Stability 100

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold annual accounts for 507 of the 6,468 companies in this sector. 214 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Detailhandel in textiel52410Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)52421Detailhandel in huishoudtextiel en beddengoed in gespecialiseerde winkels47512Detailhandel in huishoudtextiel en beddengoed47512Detailhandel in schoeisel in gespecialiseerde winkels47721Detailhandel in schoeisel47721Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)52421Detailhandel in schoeisel52431

Primary activity highlighted.

Names & trade names

Legal nameNL

HELES

Registered office

Dokter Willemsstraat 5

3500 Hasselt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.