HELI

Active

Public limited companyfounded 1983active for 43 yearsVantegemstraat 9, 9230 Wetteren, BelgiumKBO/BCE: BE 0423.833.085

Summary

HELI has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.5m and a net result of €419,399. Equity is growing by about 9.8% per year across the filed financial years. Its solvency ranks better than 26% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow Report Compare

HELIActiveChecked score 66/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46713Rental and leasing activities NACE 77320

2nd largest employer in Wetteren, Wholesale and retail trade sector3 sites

Size

€18.6mturnover 2025

Staff: 52.7 FTE
Equity: €4.5m
Profit: €419,399

Financial health

66 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.0%

Structure

Parent: HELI GROUP · 100%

Fedrus InternationalDirector · permanent representative Mark VANDECRUYS
GUFOSDirector · permanent representative Steven GEIRNAERT
PYGMADirector · permanent representative Peter VANDENDRIESSCHE

Auditor: KPMG Réviseurs d'Entreprises2025 accounts 60 days early3 of 24 deeds summarised

Why 66raises riskLiquidity: current ratio 0.72, cash €19,850, halvedEquity €4.5m (23.5% of total assets)Size: turnover €18.6m, 52.7 FTE, total assets €19.1m1 of the last 3 lateShow the evidence

Checked score

Score 2025

66 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 51% of its sector peers (NACE 46, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 48+1

equity 23.5% of total assets

Liquidity 34-1

short-term debt 35.9% · cash 0.1%

Profitability 81+1

return on assets 2.2%

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies, NACE 46, medium-sized)

Last 24 months 11-2024: 1.4%highest value 12-2024: 1.4%● unchanged vs 11-2024highest value 01-2025: 1.4%● unchanged vs 12-2024highest value 02-2025: 1.4%● unchanged vs 01-2025highest value 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.3%▼ -0.1 percentage points vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.0%▼ -0.3 percentage points vs 05-2025 07-2025: 1.0%● unchanged vs 06-2025 08-2025: 1.0%● unchanged vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026lowest value 04-2026: 1.0%● unchanged vs 03-2026lowest value 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 1.0%● unchanged vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026

Credit of up to €290,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.72, compared with 0.65 in 2024, below 1; short-term debt: 35.9% and cash: 0.1% of total assets), and 76.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, medium-sized): better than 28% on solvency, 43% on liquidity, 89% on profitability and 45% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

raises riskneutral

Liquidity: current ratio 0.72, cash €19,850, halved

NBB · annual accounts

Equity €4.5m (23.5% of total assets)

NBB · annual accounts

Size: turnover €18.6m, 52.7 FTE, total assets €19.1m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

1 of the last 3 late

NBB · filings

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

60 days early

2024

72 days early

2023

296 days late

2022

45 days early

2021

31 days early

2020

26 days early

2019

22 days 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 6 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

01-06-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Highest result from 2018 to 2025net €419,399 ▲290%
23-05-2025 Annual accounts filedfinancial year 2023 · full…

Key points

Positive: Result rose in 2025from €107,456 to €419,399 ▲ 290% View
Positive: 2nd largest employer in Wetteren, Wholesale and retail trade sectorin the Checked rankings No. 2 View
Controlled by HELI GROUPultimately: KOIBA 100% View

By topic

Financials

Financial year: 2025
Turnover: €18.6m
Profit: €419,399
Solvency: 23.5%

Turnover▼ 6.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 3 members
Parent: HELI GROUP · 100%
Auditor: KPMG Réviseurs d'Entreprises

Fedrus InternationalDirector
GUFOSDirector
PYGMADirector

Go to Board & ownership

Network & group

Group: KOIBA
Connected companies: 14

Go to Network & group

Timeline

Events: 49
Since: 1985
Next accounts: by 31-07-2027

20-05-2025Annual accounts filed
11-12-2024Resignation: Baker Tilly Belgium Bedrijfsrevisoren BV (statutory…
17-07-2024Resignation: Koiba NV (director)

Go to Timeline

Company details

Sites: 3

Legal form: Public limited company
Activity: Wholesale tradeNACE 46713
Founded: 30-03-1983
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 1

See the provisions in the deeds

Go to Articles of association

Key facts about HELI

What is the company number of HELI?: 0423.833.085. In Belgium the VAT number is the company number with BE in front: BE 0423.833.085.
Where is HELI based?: The registered office is at Vantegemstraat 9, 9230 Wetteren.Company details
What does HELI do?: According to the KBO register, the main activity is wholesale trade (NACE 46713).
What is the legal form of HELI?: Public limited company (NV).
When was HELI founded?: On 30-03-1983.
Is HELI still active?: Yes, HELI is an active enterprise in the KBO register.
How many employees does HELI have?: On average 52.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HELI?: €18.6m in financial year 2025, according to the filed annual accounts.
Is HELI profitable?: In financial year 2025, HELI made a profit of €419,399.
Where can I find the annual accounts of HELI?: HELI filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HELI due?: By 31-07-2027, for financial year 2026.Timeline

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Parent and group

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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Overview

Checked score

Signals

Key points

By topic

Financials

Board & ownership

Network & group

Timeline

Company details

Articles of association

Key facts about HELI

Companies related to HELI

Parent and group

Comparable companies

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