Equity
-€1,354
Debts exceed assets in financial year 2025.
HELIOS GROUP
Lifetime
2 annual accounts with figures on one time axispeak €1,182 (2025)
€1,182▲ €4,740
lowest -€7,897 (2024)
-€4,408▲ €3,489
peak €5,521 (2024)
-€1,354▼ €6,875
€28,710▲ 4.6%
Board3 names since 2023
3 directorsBERTHIAUD Florent Emmanuel and 2 others
Owners
listedJM Photovoltaïque
Documentsfilings and deeds
18-12-202544 days before the deadline
2025micro format
Gross margin from -€3,558 to €1,182Loss of €4,408Equity from €5,521 to -€1,354Cash from €2,282 to €3,759
Key points
from the 2025 annual accountsLosses
-€12,305 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €9,000 estimated
The micro format states no turnover.
Debts
€28,710 105% of the balance sheet
Financial debts 21%Suppliers 9%Taxes and wages 0%Other 70%
Of this, €22,666 falls due within a year.
Starting capital
€7,500 750 shares
Position in the sector
-5.0%
Lower solvency than 89% of companies in electricity, gas and steam. Sector median 44.9% · 229 companies.
Checked score
53
Fair
Financially stronger than 14% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 542 companies (NACE 35, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.6%highest value
01-2025: 1.1%▼ -0.5 percentage points vs 12-2024lowest value
02-2025: 1.2%▲ +0.1 percentage points vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.3%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%▼ -0.1 percentage points vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.3%▲ +0.1 percentage points vs 08-2025
10-2025: 1.4%▲ +0.1 percentage points vs 09-2025
11-2025: 1.5%▲ +0.1 percentage points vs 10-2025
12-2025: 1.5%● unchanged vs 11-2025
01-2026: 1.4%▼ -0.1 percentage points vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.3%▼ -0.1 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.2%▼ -0.1 percentage points vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.4%▲ +0.2 percentage points vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1,354
Founded in 2023
lowers risk
Size: total assets €27,356
Sector: Electricity, gas, steam and air conditioning supply (NACE 35)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro). It does better than 14% of them on solvency, 14% on liquidity, 21% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as HELIOS GROUP has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HELIOS GROUP itself is lower: 1.4% within 12 months. It rests on far more data about HELIOS GROUP than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for HELIOS GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.27 (0.33 in 2024), below 1. Short-term debt is 82.9% and cash 13.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€1,354
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
44 days early
2024
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 45 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Board and ownership
- JM Photovoltaïque 0%score 50equity €23,278 (2025) · 2025 annual accounts of JM Photovoltaïque
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803586206
Incorporation
Founding capital of €7,500, 750 shares · Founders: JM Photovoltaïque, JORIS Kevin André René and BERTHIAUD Florent Emmanuel · Appointments: JM Photovoltaïque, BERTHIAUD Florent Emmanuel and JORIS Kevin André René · published on 07-07-2023 · Gazette deed
First establishment
Rue de l'Ourgnette, Baillonville 27, Somme-Leuze
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HELIOS GROUP Somme-Leuze | €27,356 | €1,182 | -5.0% | - |
| ENBRO DELUXE Kortrijk | €39,909 | -€3,236 | -3.1% | - |
| Sunvest Brussels | €21,965 | -€3,976 | 92.5% | - |
| HDR SALES Duffel | €39,806 | -€40,304 | -97.2% | - |
| MOSCoop Wingene | €63,723 | -€3,159 | -6.3% | - |
| Powerstore Belgium Antwerp | €66,022 | -€64,961 | -67.5% | - |
| SmartSave Deinze | €21,654 | -€11,209 | 86.7% | - |
These companies have the same main activity as HELIOS GROUP: electricity, gas, steam and air conditioning supply (NACE 35150). They are comparable in size and age: total assets between €21,700 and €66,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 05-07-2023Normal situation
- Activity
- Electricity, gas, steam and air conditioning supplyNACE 35150and 5 others
- Establishment unit
- 2.347.491.1595377 Somme-Leuze, since 05-07-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 08-08-2023
Annual accounts to 30-06-2025
- €27,356▼ 17.0%
- Filing
- Filed on 18-12-2025, 44 days before the end of the filing period
Insights on HELIOS GROUP
HELIOS GROUP has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,354) and a net result of -€4,408.
Its solvency ranks better than 10% of 229 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HELIOS GROUP
- What is the company number of HELIOS GROUP?
- The company number of HELIOS GROUP is 0803.586.206. The VAT number is the same number with BE in front: BE 0803.586.206.
- Where is HELIOS GROUP based?
- The registered office is at Rue de l'Ourgnette, Baillonville 27, 5377 Somme-Leuze.Company details
- What does HELIOS GROUP do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35150).
- What is the legal form of HELIOS GROUP?
- HELIOS GROUP is a private limited company (BV).
- When was HELIOS GROUP founded?
- HELIOS GROUP was founded on 05-07-2023.
- Is HELIOS GROUP still active?
- Yes, HELIOS GROUP is an active enterprise in the KBO register.
- What is the turnover of HELIOS GROUP?
- The turnover in financial year 2025 is ≈ €9,000. This figure is estimated from the gross margin of €1,182 and 6,297 comparable companies of the same size. It probably lies between €4,100 and €22,000. It is a rough estimate.Financials
- Is HELIOS GROUP profitable?
- In financial year 2025, HELIOS GROUP made a loss of €4,408.
- Where can I find the annual accounts of HELIOS GROUP?
- HELIOS GROUP filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HELIOS GROUP due?
- HELIOS GROUP must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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