HELIOSAFE
ActiveSummary
The computed 12-month bankruptcy probability of HELIOSAFE is 2.6% (moderate). The 2025 annual accounts show equity of €112,381 and a net result of -€1,711. Equity is growing by ~113.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 28281 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-14
Solvency65▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 2.03 in 2024; short-term debt: 56.1% and cash: 1.9% of total assets), but 59.6% of the assets are financed with debt.
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Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
-0.6%
Age of the figures
15 mo
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 21-01-2026, 10 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
10 d early
2024
53 d late
2023
369 d late
2022
2 d late
2021
38 d late
2020
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 10 March (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€112,381▼ 1.5%
2024 · €114,092
Total assets
€278,152▲ 20.4%
2024 · €230,990
Net result
-€1,711
2024 · €24,650
Working capital
€96,527▼ 3.2%
2024 · €99,696
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,836€38,352▲ 290%€68,739▲ 79.2%€32,576▼ 52.6%€6,508▼ 80.0%
Net result€7,809within the sector's middle half€28,026within the sector's middle half▲ 259%€49,693above the sector's middle half▲ 77.3%€24,650within the sector's middle half▼ 50.4%-€1,711below the sector's middle half
Equity€11,723below the sector's middle half▲ 200%€39,748within the sector's middle half▲ 239%€89,441within the sector's middle half▲ 125%€114,092within the sector's middle half▲ 27.6%€112,381within the sector's middle half▼ 1.5%
Total assets€16,237below the sector's middle half▲ 135%€71,274within the sector's middle half▲ 339%€207,521within the sector's middle half▲ 191%€230,990within the sector's middle half▲ 11.3%€278,152within the sector's middle half▲ 20.4%
Debt€4,514▲ 50.6%€31,526▲ 598%€118,079▲ 275%€116,898▼ 1.0%€165,771▲ 41.8%
Working capital€11,723within the sector's middle half▲ 200%€38,736within the sector's middle half▲ 230%€111,027above the sector's middle half▲ 187%€99,696above the sector's middle half▼ 10.2%€96,527above the sector's middle half▼ 3.2%
Solvency72.2%above the sector's middle half▲ 15.6pp55.8%within the sector's middle half▼ 16.4pp43.1%within the sector's middle half▼ 12.7pp49.4%within the sector's middle half▲ 6.3pp40.4%within the sector's middle half▼ 9.0pp
Current ratio3.60above the sector's middle half▲ 1.292.23within the sector's middle half▼ 1.372.25within the sector's middle half▲ 0.032.03within the sector's middle half▼ 0.231.62within the sector's middle half▼ 0.41
Return on assets (ROA)48.1%above the sector's middle half▲ 78.3pp39.3%above the sector's middle half▼ 8.8pp23.9%above the sector's middle half▼ 15.4pp10.7%within the sector's middle half▼ 13.3pp-0.6%below the sector's middle half▼ 11.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278,152
Fixed assets
€25,632 ▼ 25.3%
Current assets
€252,520 ▲ 28.4%
Equity and liabilities €278,152
Equity
€112,381 ▼ 1.5%
Debt
€165,771 ▲ 41.8%
Debt's share of the balance-sheet total rises from 50.6% to 59.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,207▼
2024 · €41,144
Cash flow
€6,988▼
2024 · €33,219
Debt to equity
1.48▲
2024 · 1.02
ROE
-1.5%▼
2024 · 21.6%
Interest coverage
6.79▼
2024 · 17.88
Debt ≤ 1 year
€155,993▲
2024 · €96,963
Debt > 1 year
€9,778▼
2024 · €19,935
Income taxes
€8,915▲
2024 · €7,538
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4 | €1,722 | €8,569 | €8,699 | ▲ 1.5% |
| Other operating charges640/8 | - | €348 | €409 | €775 | €742 | ▼ 4.3% |
| Non-recurring operating charges66A | - | - | €12 | €2,560 | - | - |
| Gross operating margin9900 | €10,184 | €38,703 | €70,882 | €44,479 | €15,948 | ▼ 64.1% |
| Operating profit (loss)9901 | €9,836 | €38,352 | €68,739 | €32,576 | €6,508 | ▼ 80.0% |
| Financial income75/76B | - | €11 | €1 | €1,915 | €2,937 | ▲ 53.4% |
| Recurring financial income75 | €132 | €11 | €1 | €1,915 | €2,937 | ▲ 53.4% |
| Financial charges65/66B | - | €405 | €949 | €2,302 | €2,241 | ▼ 2.6% |
| Recurring financial charges65 | €159 | €405 | €949 | €2,302 | €2,241 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €9,809 | €37,957 | €67,791 | €32,189 | €7,204 | ▼ 77.6% |
| Income taxes67/77 | €2,000 | €9,932 | €18,097 | €7,538 | €8,915 | ▲ 18.3% |
| Profit (loss) for the period9904 | €7,809 | €28,026 | €49,693 | €24,650 | -€1,711 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | €7,809 | €28,026 | €49,693 | €24,650 | -€1,711 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,237 | €71,274 | €207,521 | €230,990 | €278,152 | ▲ 20.4% |
| Fixed assets21/28 | - | €1,012 | €8,001 | €34,331 | €25,632 | ▼ 25.3% |
| Intangible fixed assets21 | - | - | €1,616 | €836 | €56 | ▼ 93.3% |
| Tangible fixed assets22/27 | - | €1,012 | €6,299 | €33,409 | €25,490 | ▼ 23.7% |
| Plant, machinery and equipment23 | - | - | €3,739 | €2,942 | €2,145 | ▼ 27.1% |
| Furniture and vehicles24 | - | €1,012 | €2,560 | €28,967 | €22,012 | ▼ 24.0% |
| Other tangible fixed assets26 | - | - | - | €1,500 | €1,333 | ▼ 11.1% |
| Financial fixed assets28 | - | - | €86 | €86 | €86 | = |
| Current assets29/58 | €16,237 | €70,262 | €199,520 | €196,659 | €252,520 | ▲ 28.4% |
| Amounts receivable within one year40/41 | €6,325 | €47,093 | €153,528 | €195,238 | €247,257 | ▲ 26.6% |
| Trade receivables40 | - | €33,018 | €15,014 | €23,134 | €113,816 | ▲ 392% |
| Other amounts receivable41 | - | €14,075 | €138,514 | €172,104 | €133,441 | ▼ 22.5% |
| Cash at bank and in hand54/58 | €9,912 | €23,169 | €45,643 | €44 | €5,263 | ▲ 11,903% |
| Deferred charges and accrued income490/1 | - | - | €349 | €1,377 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,237 | €71,274 | €207,521 | €230,990 | €278,152 | ▲ 20.4% |
| Equity10/15 | €11,723 | €39,748 | €89,441 | €114,092 | €112,381 | ▼ 1.5% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Capital10 | - | - | - | - | €6,000 | - |
| Issued capital100 | - | - | - | - | €8,000 | - |
| Uncalled capital101 | - | - | - | - | €2,000 | - |
| Profit (loss) carried forward14 | €5,723 | €33,748 | €83,441 | €108,092 | €106,381 | ▼ 1.6% |
| Amounts payable17/49 | €4,514 | €31,526 | €118,079 | €116,898 | €165,771 | ▲ 41.8% |
| Amounts payable after more than one year17 | - | - | €29,586 | €19,935 | €9,778 | ▼ 51.0% |
| Financial debts170/4 | - | - | €29,586 | €19,935 | €9,778 | ▼ 51.0% |
| Amounts payable within one year42/48 | €4,514 | €31,526 | €88,493 | €96,963 | €155,993 | ▲ 60.9% |
| Current portion of amounts payable after more than one year42 | - | - | €9,170 | €9,651 | €10,157 | ▲ 5.2% |
| Trade debts44 | - | €21,526 | €51,225 | €60,428 | €122,165 | ▲ 102% |
| Suppliers440/4 | - | €21,526 | €51,225 | €60,428 | €122,165 | ▲ 102% |
| Taxes, remuneration and social security45 | - | €10,000 | €28,097 | €26,883 | €23,671 | ▼ 12.0% |
| Taxes450/3 | - | €10,000 | €28,097 | €26,883 | €23,671 | ▼ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,809 | €28,026 | €49,693 | €24,650 | -€1,711 | ▼ 107% |
| + Depreciation and write-downs630 | - | €4 | €1,722 | €8,569 | €8,699 | ▲ 1.5% |
| Operating cash flow (approximation) | €7,809 | €28,030 | €51,415 | €33,219 | €6,988 | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | - | -€8,710 | -€34,899 | €0 | ▲ 100% |
| Change in cash | - | €13,257 | €22,474 | -€45,599 | €5,219 | ▲ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 369 days late
2024
30-06
Financial
Equity above €100,000Eq €114,092 ▲27.6%
4 profitable years in a row build equity to €114,092.
2023
30-06
Financial
Highest result since 2020net €49,693 ▲77.3%
Operating result €68,739, net result €49,693, both a record.
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
2021
30-06
Financial
Back to profitnet €7,809
Net result €7,809 after one loss-making year.
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Huy · 1 establishment unit since 2019
Ground area
1.8 ha
Parcel 61007C0026/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HELIOSAFE
since 20192.290.636.984
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61007C0026/00G000 | Wallonia | 1.8 ha | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ASV Elektriciteit
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MAHY THIERRY ELECTRICITE
BE 0473.093.150
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MODUL - ELEC
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Koekelberg · Eq €112,507
Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,760 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-06-2019
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
43230Insulation installation
62100Computer programming
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728796830
Also
9925:BE0728796830
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.