HELIN
ActiveThe computed 12-month bankruptcy probability of HELIN is 1.7% (moderate). The 2024 annual accounts show equity of €172k and a net result of €65k. Equity is growing by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 18937 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent▲ +5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+41
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.1 against 4.98 in 2023), and 31.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
83 d late
2023
152 d early
2022
115 d late
2021
438 d late
2020
31 d late
2019
132 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€824k
EBIT margin
4.6%
Net result
€65k▲ 95.8%
2023 · €33k
2018: €-13k
2019: €11k
2020: €27k
2021: €41k
2022: €34k
2023: €33k
2018 → 2024
Working capital
€147k▲ 104%
2023 · €72k
2018: €-7k
2019: €2k
2020: €-31k
2021: €-15k
2022: €68k
2023: €72k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€824k
Equity€36k-€77k▲ 113%€111k▲ 43.6%€116k▲ 4.6%€172k▲ 49.2%
Operating result€31k-€57k▲ 84.1%€144k▲ 154%€38k▼ 73.9%€88k▲ 134%
Net result€27k-€41k▲ 51.8%€34k▼ 17.9%€33k▼ 1.2%€65k▲ 95.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 134% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €251k
Fixed assets
€34k▼ 21.7%
Current assets
€217k▲ 141%
Equity and liabilities €251k
Equity
€172k▲ 49.2%
Debt
€78k▲ 334%
The debt ratio rises from 13.5% to 31.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€107k▲
2023 · €54k
Cash flow
€84k▲
2023 · €49k
Solvency
68.7%▼
2023 · 86.5%
Current ratio
3.10▼
2023 · 4.98
Quick ratio
3.06▼
2023 · 4.82
Debt / equity
0.45▲
2023 · 0.16
ROE
37.6%▲
2023 · 28.7%
ROA
25.9%▲
2023 · 24.8%
Interest coverage
91.07▲
2023 · 12.13
Debt
€78k▲
2023 · €18k
Debt ≤ 1 year
€70k▲
2023 · €18k
Debt > 1 year
€553
Income taxes
€25k
Staff costs
€132k▼
2023 · €163k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€134k€251k▲
Fixed assets21/28€44k€34k▼
Tangible fixed assets22/27€42k€33k▼
Plant, machinery and equipment23€27k€23k▼
Furniture and vehicles24€15k€7k▼
Leasing and similar rights25-€2k
Other tangible fixed assets26€0-
Financial fixed assets28€2k€2k=
Current assets29/58€90k€217k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€53k€102k▲
Trade receivables40€44k€35k▼
Other amounts receivable41€9k€67k▲
Cash at bank and in hand54/58€25k€102k▲
Deferred charges and accrued income490/1€9k€9k=
Equity and liabilities
Total equity and liabilities10/49€134k€251k▲
Equity10/15€116k€172k▲
Contributions10/11€6k-
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€104k€102k▼
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133€102k€102k=
Profit (loss) carried forward14€5k€70k▲
Amounts payable17/49€18k€78k▲
Amounts payable after more than one year17-€553
Financial debts170/4-€553
Amounts payable within one year42/48€18k€70k▲
Current portion of amounts payable after more than one year42-€2k
Trade debts44€12k€39k▲
Suppliers440/4€12k€39k▲
Taxes, remuneration and social security45€6k€29k▲
Taxes450/3€6k€29k▲
Accrued charges and deferred income492/3-€8k
Income statement
Code20232024
Turnover70€824k-
Goods, raw materials, services and sundry goods60/61€595k€550k▼
Remuneration, social security and pensions62€163k€132k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€17k€3k▼
Gross operating margin9900€233k€243k▲
Operating profit (loss)9901€38k€88k▲
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€33k€89k▲
Income taxes67/77-€25k
Profit (loss) for the period9904€33k€65k▲
Profit (loss) for the period to be appropriated9905€33k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€70k▲
Profit (loss) brought forward from the previous period14P-€5k
Profit to be distributed694/7€28k-
Return on contributions (dividend)694€28k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 83 days late
2024
31-12
Financial
Highest result since 2018net €65k ▲95.8%
Net result €65k, the highest in the series.
31-12
Financial
Equity above €150kEq €172k ▲49.2%
6 profitable years in a row build equity to €172k.
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 4.98
Current ratio from 1.57 to 4.98; short-term debt falls from €121k to €18k.
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 438 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.57
Current ratio from 0.74 to 1.57.
31-12
Financial
Equity above €100kEq €111k ▲43.6%
4 profitable years in a row build equity to €111k.
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 135 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Izegem · 1 establishment unit since 2016
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.
Grote Markt 198870 IzegemGround area
450 m²
Building footprint
394 m²
Volume, LiDAR
3,918 m³
Parcel 36008A0117/00R000, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HELIN
since 20162.253.047.308
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008A0117/00R000 | Flanders | 450 m² | 1 · 394 m² | 14.7 m · 3 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 siteIzegem2.253.047.308
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,658. 6,933 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2016
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:bvba.asyan@gmail.com