HELIXEAR
ActiveSummary
The computed 12-month bankruptcy probability of HELIXEAR is 1.7% (moderate). The 2025 annual accounts show equity of €20,125 and a net result of -€102. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 90% of 18626 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-6
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 6.31 against 46.05 in 2024; short-term debt: 15.8% and cash: 19.7% of total assets), and 15.8% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
84.2%
Return on assets
-0.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-04-2026, 10 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
10 d early
2024
8 d late
2023
42 d early
2022
31 d late
2021
26 d late
2020
14 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 8 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€102
2024 · €337
Working capital
€20,125▼ 0.5%
2024 · €20,226
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€1,065▼ 42.6%-€713-€626▲ 12.2%-€148▲ 76.4%-€322▼ 118%
Net result€1,846within the sector's middle half▼ 29.5%€0within the sector's middle half▼ 100.0%€133within the sector's middle half▲ 30,898%€337within the sector's middle half▲ 153%-€102within the sector's middle half
Equity€19,755within the sector's middle half▲ 10.3%€19,756within the sector's middle half=€19,889within the sector's middle half▲ 0.7%€20,226within the sector's middle half▲ 1.7%€20,125within the sector's middle half▼ 0.5%
Total assets€21,257below the sector's middle half▼ 1.5%€20,247below the sector's middle half▼ 4.8%€21,238below the sector's middle half▲ 4.9%€20,675below the sector's middle half▼ 2.7%€23,912below the sector's middle half▲ 15.7%
Debt€1,502▼ 59.0%€491▼ 67.3%€1,349▲ 175%€449▼ 66.7%€3,788▲ 744%
Working capital€19,755within the sector's middle half▲ 10.3%€19,756within the sector's middle half=€19,889within the sector's middle half▲ 0.7%€20,226within the sector's middle half▲ 1.7%€20,125within the sector's middle half▼ 0.5%
Solvency92.9%above the sector's middle half▲ 9.9pp97.6%above the sector's middle half▲ 4.6pp93.6%above the sector's middle half▼ 3.9pp97.8%above the sector's middle half▲ 4.2pp84.2%above the sector's middle half▼ 13.7pp
Current ratio14.15above the sector's middle half▲ 8.2741.26above the sector's middle half▲ 27.1115.74above the sector's middle half▼ 25.5246.05above the sector's middle half▲ 30.316.31above the sector's middle half▼ 39.74
Return on assets (ROA)8.7%within the sector's middle half▼ 3.5pp0.0%within the sector's middle half▼ 8.7pp0.6%within the sector's middle half▲ 0.6pp1.6%within the sector's middle half▲ 1.0pp-0.4%within the sector's middle half▼ 2.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €322 in 2025 against €148 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €23,912
Equity
€20,125 ▼ 0.5%
Debt
€3,788 ▲ 744%
Debt's share of the balance-sheet total rises from 2.2% to 15.8%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.19▲
2024 · 0.02
ROE
-0.5%▼
2024 · 1.7%
Debt ≤ 1 year
€3,788▲
2024 · €449
Income taxes
€505▲
2024 · €123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 6,910 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €103 | - | - | - | - | - |
| Gross operating margin9900 | €1,168 | -€713 | -€626 | -€148 | -€322 | ▼ 118% |
| Operating profit (loss)9901 | €1,065 | -€713 | -€626 | -€148 | -€322 | ▼ 118% |
| Financial income75/76B | €1,062 | €870 | €884 | €722 | €858 | ▲ 18.9% |
| Recurring financial income75 | €1,062 | €870 | €884 | €722 | €858 | ▲ 18.9% |
| Financial charges65/66B | €75 | €144 | €75 | €114 | €133 | ▲ 16.3% |
| Recurring financial charges65 | €75 | €144 | €75 | €114 | €133 | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €2,052 | €12 | €182 | €460 | €403 | ▼ 12.3% |
| Income taxes67/77 | €206 | €11 | €49 | €123 | €505 | ▲ 311% |
| Profit (loss) for the period9904 | €1,846 | €0 | €133 | €337 | -€102 | ▼ 130% |
| Profit (loss) for the period to be appropriated9905 | €1,846 | €0 | €133 | €337 | -€102 | ▼ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,257 | €20,247 | €21,238 | €20,675 | €23,912 | ▲ 15.7% |
| Current assets29/58 | €21,257 | €20,247 | €21,238 | €20,675 | €23,912 | ▲ 15.7% |
| Amounts receivable within one year40/41 | €20,805 | €19,604 | €18,676 | €18,472 | €19,192 | ▲ 3.9% |
| Trade receivables40 | €9,292 | €7,229 | €5,418 | €4,426 | €4,661 | ▲ 5.3% |
| Other amounts receivable41 | €11,513 | €12,375 | €13,259 | €14,045 | €14,531 | ▲ 3.5% |
| Cash at bank and in hand54/58 | €452 | €642 | €2,562 | €2,204 | €4,721 | ▲ 114% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,257 | €20,247 | €21,238 | €20,675 | €23,912 | ▲ 15.7% |
| Equity10/15 | €19,755 | €19,756 | €19,889 | €20,226 | €20,125 | ▼ 0.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | €12,400 | €12,400 | €12,400 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | €6,200 | €6,200 | €6,200 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €5,495 | €5,496 | €5,629 | €5,966 | €5,865 | ▼ 1.7% |
| Amounts payable17/49 | €1,502 | €491 | €1,349 | €449 | €3,788 | ▲ 744% |
| Amounts payable within one year42/48 | €1,502 | €491 | €1,349 | €449 | €3,788 | ▲ 744% |
| Trade debts44 | €1,296 | €425 | €1,235 | €98 | €3,112 | ▲ 3,071% |
| Suppliers440/4 | €1,296 | €425 | €1,235 | €98 | €3,112 | ▲ 3,071% |
| Taxes, remuneration and social security45 | €206 | €66 | €114 | €351 | €676 | ▲ 92.7% |
| Taxes450/3 | €206 | €66 | €114 | €351 | €676 | ▲ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,846 | €0 | €133 | €337 | -€102 | ▼ 130% |
| Operating cash flow (approximation) | €1,846 | €0 | €133 | €337 | -€102 | ▼ 130% |
| Change in cash | - | €190 | €1,920 | -€358 | €2,517 | ▲ 803% |
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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€102
Net result drops to -€102, the lowest in the series.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
30-09
Financial
Liquidity triplescurrent ratio 46.05
Current ratio from 15.74 to 46.05; short-term debt falls from €1,349 to €449.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
Financial
Liquidity triplescurrent ratio 41.26
Current ratio from 14.15 to 41.26; short-term debt falls from €1,502 to €491.
26-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
30-09
Financial
Liquidity doublescurrent ratio 14.15
Current ratio from 5.88 to 14.15; short-term debt falls from €3,667 to €1,502.
14-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 14 days late
2020
30-09
Financial
Highest result since 2019net €2,620 ▲1,380%
Operating result €1,857, net result €2,620, both a record.
30-09
Financial
Liquidity doublescurrent ratio 5.88
Current ratio from 2.80 to 5.88; short-term debt falls from €8,502 to €3,667.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2016
Ground area
2,909 m²
Building footprint
1,266 m²
Volume, LiDAR
24,460 m³
2 parcels, Brussels · tallest building 28.8 m, ±9 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
HELIXEAR
since 20162.257.772.988
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0256/00Y000 | Brussels | 1,670 m² | 1 · 781 m² | 19.8 m · 5 fl. |
| 21524C0260/00E000 | Brussels | 1,238 m² | 1 · 484 m² | 28.8 m · 9 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,071 companies in sector 47741 we hold annual accounts for 645. 319 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
Founded15-06-2016
Fiscal year end30-09
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
32500Manufacture of medical and dental instruments and supplies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656684852
Also
9925:BE0656684852
Registered
29-12-2025
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.