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HELLAS

Active
Private limited companyfounded 199531 years activeHulstraat 39, 9890 Gavere, BelgiumKBO/BCE: BE 0456.180.706
Summary

HELLAS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €447,411 and a net result of -€54,749. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 63% of 2,776 sector peers (NACE 93, fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Fitness centres
NACE 93130
1 site
Size
€1.0mtotal assets 2025
Equity
€447,411
Loss
-€54,749
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Accounts filed 123 days late0 of 3 deeds read
Why 55Capped at 59: a confirmed filing finding- Latest accounts 123 days late; 1 of the last 3 late- Loss of €54,749, the second in a row (FY 2025)+ Size: total assets €1.0m+ Founded in 1995Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 41% of its sector peers (NACE 93, micro)
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 70-5
equity 44.7% of total assets
Liquidity 50-3
short-term debt 12.2% · cash 1.5%
Profitability 12=
return on assets -5.5%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,254 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.3%▼ -0.1 percentage points vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%▲ +0.1 percentage points vs 04-2025 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%▼ -0.3 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026lowest value 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.2 percentage points vs 04-2026 06-2026: 0.6%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%▲ +0.2 percentage points vs 06-2026 08-2026: 0.9%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.5%▼ -0.4 percentage points vs 08-2026 10-2026: 0.5%● unchanged vs 09-2026
Credit up to €24,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.43 against 0.51 in 2024; short-term debt: 12.2% and cash: 1.5% of total assets), and 55.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 93, micro): better than 63% on solvency, 52% on liquidity, 20% on profitability and 30% on growth.

The bankruptcy probability was computed on 07-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk
raises risk · Latest accounts 123 days late; 1 of the last 3 late
NBB · filings
lowers risk · Size: total assets €1.0m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €54,749, the second in a row (FY 2025)
NBB · annual accounts
lowers risk · Founded in 1995
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€54,749
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-08-2026, 123 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
123 days late
2024
30 days late
2023
30 days late
2022
31 days late
2021
31 days late
2020
on the day
2019
on the day
← 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 35 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close08-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€54,749 View
  • Caution: Among the weakest 6% on net resultsector median €3,813 · 2,774 companies -€54,749 View
  • Caution: Latest accounts filed lateafter the legal deadline 123 days View

By topic

Financials

Fiscal year
2025
Total assets
€1.0m
Loss
-€54,749
Solvency
44.7%
Total assets=
Net result
20192025
Go to Financials

Timeline

Events
11
Since
2017
Next accounts
by 30-04-2027
  1. 31-05-2023Annual accounts filed
  2. 31-05-2022Annual accounts filed
  3. 30-04-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Fitness centresNACE 93130
Founded
04-10-1995
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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