HELICIUS
ActiveSummary
HELICIUS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €696k and a net result of €-28k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 57% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-9
Solvency64▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.6 against 2.55 in 2023; short-term debt: 5.5% and cash: 1.5% of total assets), and 60.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
39.4%
Return on assets
-1.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-28k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
29 d late
2022
25 d late
2021
22 d late
2020
30 d late
2019
83 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€696k▼ 7.7%
2023 · €754k
2018: €980k
2019: €1.00M▲ +2.3% vs 2018highest in 7 years
2020: €875k▼ -12.8% vs 2019
2021: €894k▲ +2.2% vs 2020
2022: €767k▼ -14.1% vs 2021
2023: €754k▼ -1.7% vs 2022
2024: €696k▼ -7.7% vs 2023lowest in 7 years
2018 → 2024
Total assets
€1.77M▲ 9.2%
2023 · €1.62M
2018: €1.22M
2019: €1.22M▲ +0.4% vs 2018
2020: €1.09M▼ -10.8% vs 2019
2021: €1.05M▼ -4.0% vs 2020lowest in 7 years
2022: €1.53M▲ +46.0% vs 2021
2023: €1.62M▲ +6.1% vs 2022
2024: €1.77M▲ +9.2% vs 2023highest in 7 years
2018 → 2024
Net result
€-28k▼ 115%
2023 · €-13k
2018: €373khighest in 7 years
2019: €23k▼ -93.9% vs 2018
2020: €22k▼ -4.3% vs 2019
2021: €19k▼ -13.4% vs 2020
2022: €-76k▼ -505% vs 2021lowest in 7 years
2023: €-13k▲ +83.0% vs 2022
2024: €-28k▼ -115% vs 2023
2018 → 2024
Working capital
€-39k
2023 · €111k
2018: €619k
2019: €656k▲ +6.0% vs 2018highest in 7 years
2020: €547k▼ -16.6% vs 2019
2021: €575k▲ +5.0% vs 2020
2022: €150k▼ -74.0% vs 2021
2023: €111k▼ -25.8% vs 2022
2024: €-39k▼ -135% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€875k-€894k▲ 2.2%€767k▼ 14.1%€754k▼ 1.7%€696k▼ 7.7%
2020: €875k
2021: €894k▲ +2.2% vs 2020highest in 5 years
2022: €767k▼ -14.1% vs 2021
2023: €754k▼ -1.7% vs 2022
2024: €696k▼ -7.7% vs 2023lowest in 5 years
Operating result€33k-€28k▼ 13.8%€-75k€-3k▲ 96.4%€-14k▼ 413%
2020: €33khighest in 5 years
2021: €28k▼ -13.8% vs 2020
2022: €-75k▼ -364% vs 2021lowest in 5 years
2023: €-3k▲ +96.4% vs 2022
2024: €-14k▼ -413% vs 2023
Net result€22k-€19k▼ 13.4%€-76k€-13k▲ 83.0%€-28k▼ 115%
2020: €22khighest in 5 years
2021: €19k▼ -13.4% vs 2020
2022: €-76k▼ -505% vs 2021lowest in 5 years
2023: €-13k▲ +83.0% vs 2022
2024: €-28k▼ -115% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2024 against €3k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.77M
Fixed assets
€1.71M ▲ 19.0%
Current assets
€58k ▼ 68.0%
Equity and liabilities €1.77M
Equity
€696k ▼ 7.7%
Provisions
€105k ▼ 3.6%
Debt
€966k ▲ 27.9%
Debt's share of the balance-sheet total rises from 46.7% to 54.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▲
2023 · €62k
Cash flow
€53k▲
2023 · €52k
Current ratio
0.60▼
2023 · 2.55
Debt to equity
1.39▲
2023 · 1.00
ROE
-4.0%▼
2023 · -1.7%
ROA
-1.6%▼
2023 · -0.8%
Interest coverage
3.39▼
2023 · 4.37
Debt ≤ 1 year
€97k▲
2023 · €72k
Debt > 1 year
€869k▲
2023 · €684k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.62M€1.77M▲
Fixed assets21/28€1.44M€1.71M▲
Tangible fixed assets22/27€1.44M€1.71M▲
Land and buildings22€1.44M€1.69M▲
Furniture and vehicles24€251€16k▲
Financial fixed assets28€290€290=
Current assets29/58€183k€58k▼
Amounts receivable within one year40/41€5k€31k▲
Trade receivables40-€6k
Other amounts receivable41€5k€25k▲
Current investments50/53€150k-
Cash at bank and in hand54/58€25k€26k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.77M▲
Equity10/15€754k€696k▼
Contributions10/11€89k€89k=
Reserves13€665k€607k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€326k€314k▼
Distributable reserves133€338k€291k▼
Provisions and deferred taxes16€109k€105k▼
Deferred taxes168€109k€105k▼
Amounts payable17/49€756k€966k▲
Amounts payable after more than one year17€684k€869k▲
Financial debts170/4€681k€866k▲
Other amounts payable178/9€3k€3k=
Amounts payable within one year42/48€72k€97k▲
Current portion of amounts payable after more than one year42€40k€63k▲
Trade debts44€32k€10k▼
Suppliers440/4€32k€10k▼
Taxes, remuneration and social security45-€24k
Taxes450/3-€24k
Other amounts payable47/48-€400
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€80k▲
Other operating charges640/8€14k€13k▼
Gross operating margin9900€76k€80k▲
Operating profit (loss)9901€-3k€-14k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€14k€20k▲
Recurring financial charges65€14k€20k▲
Profit (loss) for the period before taxes9903€-17k€-32k▼
Transfer from deferred taxes780€4k€4k=
Profit (loss) for the period9904€-13k€-28k▼
Transfer from tax-exempt reserves789€12k€12k=
Profit (loss) for the period to be appropriated9905€-1k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-16k▼
Transfer from equity791/2€1k€47k▲
Profit to be distributed694/7-€30k
Return on contributions (dividend)694-€30k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €41k | €59k | €64k | €80k | ▲ 24.7% |
| Other operating charges640/8 | - | €6k | €101k | €14k | €13k | ▼ 4.6% |
| Gross operating margin9900 | €83k | €75k | €85k | €76k | €80k | ▲ 5.4% |
| Operating profit (loss)9901 | €33k | €28k | €-75k | €-3k | €-14k | ▼ 413% |
| Financial income75/76B | - | €0 | - | - | €2k | - |
| Recurring financial income75 | - | €0 | - | - | €2k | - |
| Financial charges65/66B | - | €646 | €5k | €14k | €20k | ▲ 39.0% |
| Recurring financial charges65 | €791 | €646 | €5k | €14k | €20k | ▲ 39.0% |
| Profit (loss) for the period before taxes9903 | €32k | €28k | €-80k | €-17k | €-32k | ▼ 88.3% |
| Transfer from deferred taxes780 | - | - | €4k | €4k | €4k | = |
| Income taxes67/77 | €10k | €9k | - | - | - | - |
| Profit (loss) for the period9904 | €22k | €19k | €-76k | €-13k | €-28k | ▼ 115% |
| Transfer from tax-exempt reserves789 | - | - | €12k | €12k | €12k | = |
| Profit (loss) for the period to be appropriated9905 | €22k | €19k | €-65k | €-1k | €-16k | ▼ 1,123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.09M | €1.05M | €1.53M | €1.62M | €1.77M | ▲ 9.2% |
| Fixed assets21/28 | €467k | €437k | €1.31M | €1.44M | €1.71M | ▲ 19.0% |
| Tangible fixed assets22/27 | €466k | €437k | €1.31M | €1.44M | €1.71M | ▲ 19.0% |
| Land and buildings22 | - | €437k | €1.31M | €1.44M | €1.69M | ▲ 17.9% |
| Furniture and vehicles24 | - | - | €459 | €251 | €16k | ▲ 6,328% |
| Financial fixed assets28 | €290 | €290 | €290 | €290 | €290 | = |
| Current assets29/58 | €623k | €608k | €214k | €183k | €58k | ▼ 68.0% |
| Amounts receivable within one year40/41 | €3k | €471k | - | €5k | €31k | ▲ 512% |
| Trade receivables40 | - | €465k | - | - | €6k | - |
| Other amounts receivable41 | - | €6k | - | €5k | €25k | ▲ 387% |
| Current investments50/53 | - | - | - | €150k | - | - |
| Cash at bank and in hand54/58 | €618k | €135k | €212k | €25k | €26k | ▲ 4.6% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €3k | €1k | ▼ 50.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.09M | €1.05M | €1.53M | €1.62M | €1.77M | ▲ 9.2% |
| Equity10/15 | €875k | €894k | €767k | €754k | €696k | ▼ 7.7% |
| Contributions10/11 | - | €89k | €89k | €89k | €89k | = |
| Reserves13 | €776k | €795k | €678k | €665k | €607k | ▼ 8.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €349k | €338k | €326k | €314k | ▼ 3.6% |
| Distributable reserves133 | - | €444k | €339k | €338k | €291k | ▼ 13.8% |
| Profit (loss) carried forward14 | €9k | €9k | - | - | - | - |
| Provisions and deferred taxes16 | €116k | €116k | €113k | €109k | €105k | ▼ 3.6% |
| Deferred taxes168 | - | €116k | €113k | €109k | €105k | ▼ 3.6% |
| Amounts payable17/49 | €98k | €35k | €646k | €756k | €966k | ▲ 27.9% |
| Amounts payable after more than one year17 | €23k | €2k | €581k | €684k | €869k | ▲ 27.1% |
| Financial debts170/4 | - | - | €578k | €681k | €866k | ▲ 27.2% |
| Other amounts payable178/9 | - | €2k | €3k | €3k | €3k | = |
| Amounts payable within one year42/48 | €75k | €33k | €65k | €72k | €97k | ▲ 35.1% |
| Current portion of amounts payable after more than one year42 | - | €21k | €39k | €40k | €63k | ▲ 57.2% |
| Trade debts44 | €422 | €1k | €3k | €32k | €10k | ▼ 67.8% |
| Suppliers440/4 | - | €1k | €3k | €32k | €10k | ▼ 67.8% |
| Taxes, remuneration and social security45 | - | €2k | - | - | €24k | - |
| Taxes450/3 | - | €2k | - | - | €24k | - |
| Other amounts payable47/48 | - | €9k | €22k | - | €400 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €19k | €-76k | €-13k | €-28k | ▼ 115% |
| + Depreciation and write-downs630 | €43k | €41k | €59k | €64k | €80k | ▲ 24.7% |
| Operating cash flow (approximation) | €65k | €59k | €-18k | €52k | €53k | ▲ 2.1% |
| Investment in fixed assets (approximation) | - | €-11k | €-933k | €-189k | €-353k | ▼ 87.1% |
| Change in cash | - | €-483k | €77k | €-187k | €1k | ▲ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 18.50
Current ratio from 8.28 to 18.50; short-term debt falls from €75k to €33k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Equity above €1MEq €1.00M ▲2.3%
2 profitable years in a row build equity to €1.00M.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Aalst · 1 establishment unit since 1990
Ground area
1.4 ha
Building footprint
8,149 m²
Volume, LiDAR
1,314 m³
2 parcels, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
VAN CAUTER INVEST NV
since 19902.050.713.820
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B1641/00P000 | Flanders | 1.2 ha | 1 · 7,845 m² | - |
| 41024B0278/00W000 | Flanders | 1,770 m² | 1 · 304 m² | 6.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SRW
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Haboiseva
BE 0400.949.203
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MXBROTHERS
BE 0695.636.983
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,307 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.