HELIN
ActiveThe computed 12-month bankruptcy probability of HELIN is 1.7% (moderate). The 2024 annual accounts show negative equity (€-52k) and a net result of €-209k. Equity is shrinking by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 7% of 1847 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
7
/ 100
Critical▼ -13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency34▲+19
Growth32=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 0.74 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
-5.2%
Return on assets
-20.9%
Age of the figures
20 mo
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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€52k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
91 d late
2022
65 d late
2021
40 d early
2020
37 d late
2019
103 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-52k
2023 · €158k
2018: €325k
2019: €337k
2020: €187k
2021: €196k
2022: €281k
2023: €158k
2018 → 2024
Total assets
€1.00M▼ 11.6%
2023 · €1.13M
2018: €1.02M
2019: €1.03M
2020: €1.09M
2021: €975k
2022: €1.47M
2023: €1.13M
2018 → 2024
Net result
€-209k▼ 70.2%
2023 · €-123k
2018: €70k
2019: €11k
2020: €-150k
2021: €10k
2022: €85k
2023: €-123k
2018 → 2024
Working capital
€-180k▼ 177%
2023 · €-65k
2018: €213k
2019: €195k
2020: €79k
2021: €158k
2022: €-51k
2023: €-65k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€187k-€196k▲ 5.1%€281k▲ 43.1%€158k▼ 43.8%€-52k
Operating result€-228k-€-58k▲ 74.8%€81k€-41k€-159k▼ 288%
Net result€-150k-€10k€85k▲ 783%€-123k€-209k▼ 70.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €159k in 2024 against €41k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.00M
Fixed assets
€792k▼ 16.0%
Current assets
€209k▲ 9.9%
Key figures and ratios
EBITDA
€-23k▼
2023 · €103k
Cash flow
€-74k▼
2023 · €20k
Solvency
-5.2%▼
2023 · 13.9%
Current ratio
0.54▼
2023 · 0.74
Quick ratio
0.54▼
2023 · 0.74
Debt / equity
-20.31▼
2023 · 6.19
ROE
404.1%▲
2023 · -78.1%
ROA
-20.9%▼
2023 · -10.9%
Interest coverage
-0.47▼
2023 · 2.87
Debt
€1.05M▲
2023 · €975k
Debt ≤ 1 year
€389k▲
2023 · €255k
Debt > 1 year
€663k▼
2023 · €720k
Income taxes
€540▼
2023 · €916
Staff costs
€527k▼
2023 · €637k
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€1.13M€1.00M▼
Fixed assets21/28€942k€792k▼
Tangible fixed assets22/27€925k€774k▼
Land and buildings22€554k€532k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€18k€2k▼
Leasing and similar rights25€343k€237k▼
Other tangible fixed assets26€6k€1k▼
Financial fixed assets28€17k€17k=
Current assets29/58€190k€209k▲
Amounts receivable within one year40/41€170k€193k▲
Trade receivables40€150k€173k▲
Other amounts receivable41€20k€20k=
Cash at bank and in hand54/58€14k€8k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.00M▼
Equity10/15€158k€-52k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€137k€-72k▼
Amounts payable17/49€975k€1.05M▲
Amounts payable after more than one year17€720k€663k▼
Financial debts170/4€720k€663k▼
Amounts payable within one year42/48€255k€389k▲
Current portion of amounts payable after more than one year42€206k€202k▼
Financial debts43€16k€1▼
Credit institutions430/8€16k€1▼
Trade debts44€13k€68k▲
Suppliers440/4€13k€68k▲
Taxes, remuneration and social security45€20k€34k▲
Taxes450/3€5k€4k▼
Remuneration and social security454/9€15k€30k▲
Other amounts payable47/48-€85k
Income statement
Code20232024
Non-recurring operating income76A€68k€17k▼
Remuneration, social security and pensions62€637k€527k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143k€135k▼
Other operating charges640/8€50k€51k▲
Gross operating margin9900€790k€555k▼
Operating profit (loss)9901€-41k€-159k▼
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€81k€50k▼
Recurring financial charges65€36k€50k▲
Non-recurring financial charges66B€45k-
Profit (loss) for the period before taxes9903€-122k€-209k▼
Income taxes67/77€916€540▼
Profit (loss) for the period9904€-123k€-209k▼
Profit (loss) for the period to be appropriated9905€-123k€-209k▼
Appropriation of the result
Profit (loss) to be appropriated9906€137k€-72k▼
Profit (loss) brought forward from the previous period14P€260k€137k▼
Social balance
Average headcount (FTE)908712.89.5▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-209k
Net result drops to €-209k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 65 days late
2022
31-12
Financial
Highest result since 2018net €85k ▲783%
Operating result €81k, net result €85k, both a record.
31-12
Financial
Equity above €200kEq €281k ▲43.1%
2 profitable years in a row build equity to €281k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 37 days late
2020
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 103 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 68 days late
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 38 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
02-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 33 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Hamme (Vl.) · 1 establishment unit since 2008
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.
Broekstraat 1879220 Hamme (Vl.)Ground area
382 m²
Building footprint
115 m²
Volume, LiDAR
638 m³
Parcel 42008A1311/00B000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Helin Transport
since 20082.171.737.849
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42008A1311/00B000 | Flanders | 382 m² | 1 · 115 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 19,254 EUR awarded · 19,254 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 105 EUR | 450 EUR |
| 2024 | 1 | 345 EUR | 0 EUR |
| 2023 | 1 | 309 EUR | 309 EUR |
| 2022 | 2 | 18,495 EUR | 18,495 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,087. 6,262 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2008
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.