Heligane
ActiveThe annual accounts of Heligane for fiscal year 2025 show a net loss of 349% of the equity at the start of that year. The 2025 annual accounts show equity of €635k and a net result of €-358k. Equity is shrinking by ~14.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 17% of 3175 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-32
Solvency38▲+11
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.94 against 0.94 in 2024; short-term debt: 30.3% and cash: 9.4% of total assets), and 86.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3175 sector peers (2025).
NBB · sector comparisonPosition among 3175 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €635k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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
46 d late
2024
31 d late
2023
61 d late
2022
14 d early
2021
13 d early
2020
16 d early
2019
49 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-358k▼ 154%
2024 · €-141k
2018: €118k
2019: €72k
2020: €179k
2021: €-329k
2022: €-222k
2023: €-21k
2024: €-141k
2018 → 2025
Working capital
€-87k▼ 6.1%
2024 · €-82k
2018: €90k
2019: €8k
2020: €126k
2021: €-588k
2022: €-582k
2023: €11k
2024: €-82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€487k-€265k▼ 45.6%€243k▼ 8.0%€103k▼ 57.8%€635k▲ 518%
Operating result€-302k-€-140k▲ 53.7%€22k€-106k€-227k▼ 115%
Net result€-329k-€-222k▲ 32.5%€-21k▲ 90.4%€-141k▼ 564%€-358k▼ 154%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €227k in 2025 against €106k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.71M
Fixed assets
€3.36M▲ 15.9%
Current assets
€1.34M▼ 5.0%
Equity and liabilities €4.72M
Equity
€635k▲ 518%
Debt
€4.09M▼ 4.0%
The debt ratio falls from 97.6% to 86.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€205k▼
2024 · €299k
Cash flow
€74k▼
2024 · €263k
Solvency
13.4%▲
2024 · 2.4%
Current ratio
0.94▼
2024 · 0.94
Quick ratio
0.54▲
2024 · 0.52
Debt / equity
6.44▼
2024 · 41.51
ROE
-56.4%▲
2024 · -137.1%
ROA
-7.6%▼
2024 · -3.2%
Interest coverage
1.57▼
2024 · 4.73
Debt
€4.09M▼
2024 · €4.26M
Debt ≤ 1 year
€1.43M▼
2024 · €1.50M
Debt > 1 year
€2.59M▼
2024 · €2.75M
Income taxes
€689▲
2024 · €415
Staff costs
€794k▲
2024 · €743k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.36M€4.72M▲
Formation expenses20€47k€16k▼
Fixed assets21/28€2.90M€3.36M▲
Intangible fixed assets21€191k€127k▼
Tangible fixed assets22/27€2.61M€3.24M▲
Land and buildings22€1.47M€2.25M▲
Plant, machinery and equipment23€696k€615k▼
Furniture and vehicles24€150k€123k▼
Leasing and similar rights25€292k€243k▼
Other tangible fixed assets26€1k€480▼
Financial fixed assets28€99k€500▼
Current assets29/58€1.41M€1.34M▼
Stocks and contracts in progress3€634k€569k▼
Stocks30/36€634k€569k▼
Amounts receivable within one year40/41€228k€181k▼
Trade receivables40€147k€146k▼
Other amounts receivable41€81k€36k▼
Cash at bank and in hand54/58€428k€445k▲
Deferred charges and accrued income490/1€124k€149k▲
Equity and liabilities
Total equity and liabilities10/49€4.36M€4.72M▲
Equity10/15€103k€635k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Revaluation surpluses12-€890k
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Profit (loss) carried forward14€-7k€-365k▼
Amounts payable17/49€4.26M€4.09M▼
Amounts payable after more than one year17€2.75M€2.59M▼
Financial debts170/4€2.74M€2.58M▼
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€1.50M€1.43M▼
Current portion of amounts payable after more than one year42€348k€394k▲
Financial debts43€72k€0▼
Credit institutions430/8€72k€0▼
Trade debts44€1.00M€923k▼
Suppliers440/4€1.00M€923k▼
Advances received on contracts in progress46-€47
Taxes, remuneration and social security45€74k€114k▲
Taxes450/3€809€4k▲
Remuneration and social security454/9€73k€110k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€16k€72k▲
Income statement
Code20242025
Non-recurring operating income76A€85k€38k▼
Remuneration, social security and pensions62€743k€794k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€404k€432k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€22k
Other operating charges640/8€58k€91k▲
Non-recurring operating charges66A€56k€4k▼
Gross operating margin9900€1.15M€1.12M▼
Operating profit (loss)9901€-106k€-227k▼
Financial income75/76B€28k€9k▼
Recurring financial income75€28k€9k▼
Financial charges65/66B€63k€139k▲
Recurring financial charges65€63k€131k▲
Non-recurring financial charges66B€0€8k▲
Profit (loss) for the period before taxes9903€-140k€-357k▼
Income taxes67/77€415€689▲
Profit (loss) for the period9904€-141k€-358k▼
Profit (loss) for the period to be appropriated9905€-141k€-358k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-365k▼
Profit (loss) brought forward from the previous period14P€133k€-7k▼
Social balance
Average headcount (FTE)908722.523.1▲
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 46 days late
21-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director discharge9 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director discharge9 facts ▸
- General meeting, 2026-06-08
- Director resignation, Albert Debusschère (administrateur)
- Director discharge, Albert Debusschère
- Director appointment, Cécilia Dame (administrateur)
- Mandate compensation, Cécilia Dame
- Board meeting, 2026-06-08
- Director appointment, SUPERBALISE (délégué à la gestion journalière)
- Permanent representative, Maxime Croux
- Mandate compensation, SUPERBALISE
2025
31-12
Financial
Weakest financial yearnet €-358k
Net result drops to €-358k, the lowest in the series.
31-12
Financial
Equity above €500kEq €635k ▲518%
Equity rises from €103k to €635k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €179k ▲148%
Operating result €280k, net result €179k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 directors, no change since 2026
Cécilia Dame
CurrentDirector · since 08-06-2026
SUPERBALISE
CurrentDaily management delegate · since 08-06-2026 · Legal entity · perm. rep.: Maxime Croux
08-06-2026
Cécilia Dame: Appointed as Director
08-06-2026
SUPERBALISE: Appointed as Daily management delegate
08-06-2026
Albert DEBUSSCHERE: Resigned as Director
31-12-2025
Laura Deglume: Resigned as Director
11-09-2023
Florence LECROART: Resigned as Director
11-09-2023
Xavier HOCQUET: Resigned as Director
Location & real-estate footprint
Registered office, Lessines · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin des Croix(L) 997860 LessinesGround area
5,616 m²
Building footprint
1,331 m²
Volume, LiDAR
6,833 m³
Parcel 55023C0801/00S000, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HELIGANE
since 20142.227.674.779
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023C0801/00S000 | Wallonia | 5,615 m² | 1 · 1,331 m² | 5.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLessines2.227.674.779
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PHARMACIE DE SIVRY
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REMBRANDT
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,492. 2,099 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-12-2009
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:thomas.debusschere-post@mousquetaires.com