HELIOS GROUP
ActiveThe computed 12-month bankruptcy probability of HELIOS GROUP is 3.9% (moderate). The 2024 annual accounts show equity of €143k and a net result of €90k. Equity is growing by ~78.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 36377 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+67
Solvency20▲+6
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.97 in 2023), and 82.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
74 d late
2023
68 d late
2022
71 d late
2021
100 d late
2020
170 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€143k▲ 169%
2023 · €53k
2020: €12k
2021: €18k
2022: €50k
2023: €53k
2020 → 2024
Total assets
€799k▼ 8.1%
2023 · €870k
2020: €309k
2021: €314k
2022: €1.04M
2023: €870k
2020 → 2024
Net result
€90k▲ 2,440%
2023 · €4k
2020: €9k
2021: €6k
2022: €32k
2023: €4k
2020 → 2024
Working capital
€-96k▼ 309%
2023 · €-23k
2020: €9k
2021: €-48k
2022: €-51k
2023: €-23k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€18k▲ 47.5%€50k▲ 175%€53k▲ 7.1%€143k▲ 169%
Operating result€9k-€6k▼ 34.2%€41k▲ 581%€25k▼ 39.7%€128k▲ 412%
Net result€9k-€6k▼ 37.1%€32k▲ 443%€4k▼ 88.8%€90k▲ 2,440%
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 412% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €799k
Fixed assets
€250k▲ 176%
Current assets
€549k▼ 29.6%
Equity and liabilities €799k
Equity
€143k▲ 169%
Debt
€656k▼ 19.6%
The debt ratio falls from 93.9% to 82.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€166k▲
2023 · €58k
Cash flow
€127k▲
2023 · €36k
Solvency
17.9%▲
2023 · 6.1%
Current ratio
0.85▼
2023 · 0.97
Quick ratio
0.85▼
2023 · 0.97
Debt / equity
4.59▼
2023 · 15.33
ROE
62.8%▲
2023 · 6.6%
ROA
11.2%▲
2023 · 0.4%
Interest coverage
77.60▼
2023 · 101.71
Debt
€656k▼
2023 · €816k
Debt ≤ 1 year
€645k▼
2023 · €802k
Debt > 1 year
€0▼
2023 · €14k
Income taxes
€37k▲
2023 · €21k
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€870k€799k▼
Fixed assets21/28€91k€250k▲
Tangible fixed assets22/27€87k€247k▲
Land and buildings22-€195k
Plant, machinery and equipment23€1k€830▼
Furniture and vehicles24€86k€51k▼
Financial fixed assets28€3k€3k=
Current assets29/58€779k€549k▼
Amounts receivable within one year40/41€499k€173k▼
Trade receivables40€494k€90k▼
Other amounts receivable41€5k€83k▲
Cash at bank and in hand54/58€279k€371k▲
Deferred charges and accrued income490/1€813€5k▲
Equity and liabilities
Total equity and liabilities10/49€870k€799k▼
Equity10/15€53k€143k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€50k€140k▲
Amounts payable17/49€816k€656k▼
Amounts payable after more than one year17€14k€0▼
Financial debts170/4€14k€0▼
Amounts payable within one year42/48€802k€645k▼
Current portion of amounts payable after more than one year42€9k€14k▲
Trade debts44€685k€560k▼
Suppliers440/4€685k€560k▼
Taxes, remuneration and social security45€21k€30k▲
Taxes450/3€21k€30k▲
Other amounts payable47/48€88k€41k▼
Accrued charges and deferred income492/3-€11k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€38k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€21k
Other operating charges640/8€74k€2k▼
Gross operating margin9900€132k€189k▲
Operating profit (loss)9901€25k€128k▲
Financial income75/76B-€939
Recurring financial income75-€939
Financial charges65/66B€565€2k▲
Recurring financial charges65€565€2k▲
Profit (loss) for the period before taxes9903€24k€127k▲
Income taxes67/77€21k€37k▲
Profit (loss) for the period9904€4k€90k▲
Profit (loss) for the period to be appropriated9905€4k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€140k▲
Profit (loss) brought forward from the previous period14P€47k€50k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 74 days late
2024
31-12
Financial
Highest result since 2020net €90k ▲2440%
Operating result €128k, net result €90k, both a record.
31-12
Financial
Equity above €100kEq €143k ▲169%
5 profitable years in a row build equity to €143k.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet €4k ▼88.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 100 days late
17-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 170 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Koekelberg
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.
Vredelaan 501081 KoekelbergGround area
228 m²
Building footprint
228 m²
Volume, LiDAR
1,829 m³
Parcel 21011A0039/00D007, Brussels · tallest building 17.5 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21011A0039/00D007 | Brussels | 228 m² | 1 · 228 m² | 17.4 m · 1 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.
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Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 4,873 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2019
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.