Equity
HELLENIQUE has made a profit without a break since 2021.
HELLENIQUE has made a profit without a break since 2021.
Of this, €228,884 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 92.2% higher than in 2024.
In 2025, 5 people joined and 5 left.
Eight of the last ten came late. The 2021 accounts came latest: 61 days after the end of the period.
More equity than 87% of companies in food and beverage service. Sector median €28,641 · 17,176 companies.
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 39% of them on solvency, 42% on liquidity, 34% on profitability and 57% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
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).
In July 2024, 4,508 companies had the same profile as HELLENIQUE has now. Each dot stands for 12 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HELLENIQUE itself: 0.7% within 12 months.
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 4,508 companies, not a prediction for HELLENIQUE. 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.
Liquidity is tight, with a current ratio of 1.19 (1.05 in 2024), below the usual 1.5. Short-term debt is 23.3% and cash 3.7% of total assets. 83% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HELLENIQUE Walcourt | - | - | 17.0% | - |
| Y-DA Fosses-la-Ville | €1.4m | -1.2% | 44.4% | 4.8 |
| WANDA FOOD Mouscron | - | - | 38.3% | 2 |
| INTEMPOREL Chaudfontaine | €0.6m | 15.9% | 58.7% | - |
| MARED INDOOR Burg-Reuland | - | - | 37.7% | 6 |
| Xceptional Concepts Waregem | - | - | 23.0% | 4.3 |
| Heass Kortrijk | - | - | 27.0% | 2.7 |
These companies have the same main activity as HELLENIQUE: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €893,000 and €1.1m, founded between 2011 and 2015.
HELLENIQUE files the micro format. That format states no turnover. The gross margin rose from €65,979 in 2013 to €282,411 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €680,000. Estimated: probably between €580,000 and €800,000.
Higher than 39% of 17,145 companies in 2025.
Higher than 53% of 16,571 companies in 2025.
Higher than 45% of 16,654 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 5 people joined and 5 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
983,712 | 937,540 | 873,505 | 872,541 | 348,119 | 257,793 | 300,108 | 266,943 | 277,338 | 282,445 | 275,377 | 143,971 | 118,807 | |
21/28 |
710,975 | 675,724 | 657,192 | 679,116 | 155,408 | 178,979 | 195,428 | 167,304 | 187,025 | 183,546 | 181,959 | 89,505 | 77,830 | |
21 |
199 | 366 | 0 | 0 | 7,000 | 14,000 | 21,000 | 28,000 | 35,000 | 42,000 | 49,000 | 56,000 | 63,000 | |
22/27 |
710,368 | 674,951 | 656,784 | 678,709 | 148,001 | 152,406 | 161,855 | 126,732 | 139,453 | 128,974 | 120,387 | 20,933 | 5,258 | |
22 |
648,244 | 595,914 | 575,398 | 570,222 | - | - | - | - | - | - | - | 0 | 0 | |
23 |
21,795 | 11,340 | 15,424 | 21,912 | 22,509 | 21,675 | 17,053 | 12,412 | 14,383 | 10,874 | 14,710 | 6,366 | 3,950 | |
24 |
6,561 | 21,489 | 1,705 | 2,973 | 1,748 | 3,050 | 1,055 | 3,889 | 19,359 | 26,330 | 908 | 809 | - | |
25 |
- | - | 0 | 0 | 20,614 | - | - | - | - | - | - | - | - | |
26 |
33,768 | 46,208 | 64,257 | 83,602 | 103,130 | 95,377 | 99,175 | 88,755 | 85,066 | 61,092 | 64,058 | 13,758 | 1,308 | |
28 |
408 | 408 | 408 | 408 | 408 | 12,573 | 12,573 | 12,573 | 12,573 | 12,573 | 12,573 | 12,573 | 9,573 | |
29/58 |
272,736 | 261,816 | 216,313 | 193,424 | 192,710 | 78,814 | 104,680 | 99,639 | 90,312 | 98,899 | 93,418 | 54,466 | 40,977 | |
29 |
338 | 6,338 | 11,240 | 18,593 | - | - | - | - | - | - | - | - | - | |
291 |
338 | 6,338 | 11,240 | 18,593 | - | - | - | - | - | - | - | - | - | |
3 |
28,000 | 19,500 | 14,500 | 4,050 | 4,570 | 8,560 | 34,995 | 40,926 | 41,520 | 44,260 | 39,715 | 29,885 | 28,776 | |
30/36 |
28,000 | 19,500 | 14,500 | 4,050 | 4,570 | 8,560 | 34,995 | 40,926 | 41,520 | 44,260 | 39,715 | 29,885 | 28,776 | |
40/41 |
201,929 | 149,114 | 73,995 | 76,330 | 50,980 | 61,946 | 62,317 | 50,983 | 35,027 | 44,455 | 42,777 | 4,695 | 2,471 | |
40 |
26,334 | 31,029 | 6,542 | 38,446 | 35,521 | 19,459 | 26,684 | 50,641 | 34,955 | 44,104 | 41,937 | 4,091 | 1,831 | |
41 |
175,595 | 118,085 | 67,453 | 37,884 | 15,459 | 42,487 | 35,633 | 342 | 71 | 351 | 840 | 603 | 640 | |
54/58 |
36,690 | 81,331 | 112,103 | 91,972 | 134,756 | 4,819 | 1,456 | 1,259 | 8,278 | 6,912 | 6,410 | 13,654 | 8,254 | |
490/1 |
5,779 | 5,533 | 4,474 | 2,479 | 2,405 | 3,489 | 5,912 | 6,471 | 5,488 | 3,271 | 4,516 | 6,232 | 1,477 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
983,712 | 937,540 | 873,505 | 872,541 | 348,119 | 257,793 | 300,108 | 266,943 | 277,338 | 282,445 | 275,377 | 143,971 | 118,807 | |
10/15 |
166,896 | 150,830 | 136,242 | 117,519 | 33,711 | -32,944 | -1,709 | -25,585 | -17,721 | -9,883 | -13,194 | 1,871 | 31,199 | |
10/11 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | |
100 |
- | - | - | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | |
13 |
60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | 60 | |
130/1 |
60 | 60 | 60 | 60 | 60 | 60 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 60 | 60 | 60 | 60 | 60 | 60 | 60 | |
1311 |
60 | 60 | 60 | 60 | 60 | 60 | - | - | - | - | - | - | - | |
14 |
136,835 | 120,770 | 106,181 | 87,459 | 3,650 | -63,004 | -31,769 | -55,645 | -47,781 | -39,943 | -43,254 | -28,189 | 1,139 | |
17/49 |
816,816 | 786,710 | 737,263 | 755,021 | 314,408 | 290,736 | 301,816 | 292,528 | 295,058 | 292,328 | 288,571 | 142,100 | 87,608 | |
17 |
586,177 | 535,471 | 498,958 | 524,285 | 80,145 | 91,404 | 105,500 | 80,258 | 74,423 | 94,221 | 48,359 | - | - | |
170/4 |
586,177 | 535,471 | 498,958 | 524,285 | 80,145 | 91,404 | 105,500 | 80,258 | 74,423 | 94,221 | 48,359 | - | - | |
42/48 |
228,884 | 249,413 | 236,411 | 230,736 | 234,263 | 199,333 | 195,211 | 212,270 | 220,635 | 198,108 | 240,212 | 142,100 | 87,608 | |
42 |
66,504 | 58,898 | 43,405 | 52,344 | 48,068 | 40,147 | 37,875 | 31,744 | 39,541 | 20,864 | 26,869 | - | - | |
43 |
- | - | - | - | 0 | 49,422 | 31,433 | 29,399 | 28,296 | 29,135 | 18,852 | - | - | |
430/8 |
- | - | - | - | 0 | 49,422 | 31,433 | 29,399 | 28,296 | 29,135 | 18,852 | - | - | |
44 |
78,254 | 71,968 | 65,368 | 88,114 | 130,062 | 72,496 | 51,774 | 72,043 | 78,769 | 71,129 | 80,182 | 41,126 | 32,609 | |
440/4 |
78,254 | 71,968 | 65,368 | 88,114 | 130,062 | 72,496 | 51,774 | 72,043 | 78,769 | 71,129 | 80,182 | 41,126 | 32,609 | |
46 |
0 | 13,211 | 10,890 | 0 | 8,157 | - | 0 | 20,350 | 12,500 | 0 | 15,500 | - | - | |
45 |
74,126 | 65,336 | 76,748 | 50,278 | 47,976 | 37,267 | 71,098 | 55,785 | 41,138 | 39,805 | 46,106 | 40,456 | 36,517 | |
450/3 |
24,746 | 26,562 | 41,234 | 31,745 | 13,071 | 6,956 | 33,822 | 11,139 | 9,201 | 15,158 | 15,116 | 12,572 | 17,784 | |
454/9 |
49,380 | 38,775 | 35,514 | 18,533 | 34,905 | 30,311 | 37,276 | 44,645 | 31,937 | 24,647 | 30,989 | 27,884 | 18,733 | |
47/48 |
10,000 | 40,000 | 40,000 | 40,000 | - | 0 | 3,032 | 2,950 | 20,391 | 37,174 | 52,702 | 60,518 | 18,483 | |
492/3 |
1,755 | 1,826 | 1,894 | - | - | 0 | 1,105 | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 3,873 | - | - | |
9900 |
282,411 | 322,767 | 328,333 | 332,572 | 202,629 | 95,409 | 239,406 | 187,001 | 184,288 | 169,788 | 148,152 | 80,268 | 65,979 | |
62 |
148,700 | 167,124 | 136,592 | 79,916 | 66,357 | 47,558 | 113,688 | 111,398 | 112,803 | 98,946 | 117,276 | 87,436 | 51,249 | |
630 |
52,574 | 57,051 | 52,622 | 54,113 | 46,554 | 44,608 | 50,993 | 56,335 | 54,055 | 44,883 | 30,405 | 10,683 | 7,484 | |
640/8 |
18,249 | 16,647 | 25,729 | 20,806 | 4,264 | 12,671 | 14,017 | 11,775 | 11,547 | 8,880 | 9,003 | 7,166 | 3,815 | |
66A |
8,853 | - | 3,306 | 510 | - | 2,712 | 15,755 | - | - | - | 2,023 | - | - | |
9901 |
54,036 | 81,945 | 110,084 | 177,227 | 85,453 | -12,139 | 44,952 | 7,493 | 5,882 | 17,080 | -8,532 | -25,017 | 3,432 | |
75/76B |
17,624 | 16,705 | 14,060 | 1,463 | 1,367 | 409 | 41 | 66 | 52 | 317 | 36 | 90 | 118 | |
75 |
15 | 68 | 10 | 51 | 1,367 | 3 | 41 | 66 | 52 | 47 | 36 | 90 | 118 | |
76B |
17,609 | 16,636 | 14,050 | 1,412 | - | 405 | - | - | - | 270 | - | - | - | |
65/66B |
37,811 | 37,137 | 57,109 | 34,679 | 19,486 | 18,917 | 20,844 | 15,423 | 13,772 | 14,086 | 8,371 | 4,401 | 2,064 | |
65 |
37,811 | 37,137 | 57,109 | 34,679 | 19,486 | 18,917 | 20,844 | 15,423 | 13,772 | 14,086 | 8,371 | 4,401 | 2,064 | |
9903 |
33,849 | 61,513 | 67,034 | 144,011 | 67,334 | -30,648 | 24,149 | -7,864 | -7,838 | 3,311 | -15,016 | -29,328 | 1,486 | |
67/77 |
7,783 | 6,925 | 8,312 | 20,202 | 680 | 587 | 273 | - | - | - | 49 | - | 287 | |
9904 |
26,066 | 54,588 | 58,722 | 123,809 | 66,654 | -31,235 | 23,876 | -7,864 | -7,838 | 3,311 | -15,065 | -29,328 | 1,199 | |
9905 |
26,066 | 54,588 | 58,722 | 123,809 | 66,654 | -31,235 | 23,876 | -7,864 | -7,838 | 3,311 | -15,065 | -29,328 | 1,199 | |
| Appropriation of the result | ||||||||||||||
9906 |
146,835 | 160,770 | 146,181 | 127,459 | 3,650 | -63,004 | -31,769 | -55,645 | -47,781 | -39,943 | -43,254 | -28,189 | 1,199 | |
14P |
120,770 | 106,181 | 87,459 | 3,650 | -63,004 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 60 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 60 | |
694/7 |
10,000 | 40,000 | 40,000 | 40,000 | - | - | - | - | - | - | - | - | - | |
695 |
10,000 | 40,000 | 40,000 | 40,000 | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
4.6 | 4.4 | 3.4 | 3.6 | 3.9 | 3.6 | 3.3 | 3.4 | 3.5 | 3.6 | 3.5 | 3.4 | 2.3 | |
Hours worked1013 |
5,027 | 6,035 | 4,584 | 2,950 | 2,470 | 2,065 | 4,202 | 4,787 | 5,144 | 4,096 | 5,342 | 4,160 | 3,346 | |
| Document | ||||||||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00303155 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00528475 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00405630 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00439153 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20446466 | |
| 31-12-2020 | micro format | 23-08-2021 | 2021-51000407 | |
| 31-12-2019 | micro format | 12-06-2020 | 2020-16200130 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60800036 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-50600218 | |
| 31-12-2016 | micro format | 28-09-2017 | 2017-63100058 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-53800383 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-47400339 | |
| 31-12-2013 | full format | 19-06-2014 | 2014-18600149 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 106,610 | 138,996 | 162,706 | 231,340 | 132,008 | 32,468 | 95,946 | 63,828 | 59,938 | 61,963 | 21,874 | -14,333 | 10,916 | ||
| 78,640 | 111,640 | 111,344 | 177,922 | 113,209 | 13,373 | 74,870 | 48,471 | 46,218 | 48,194 | 15,340 | -18,644 | 8,683 | ||
| 105,030 | 75,584 | 30,697 | 595,669 | 42,149 | 28,158 | 84,211 | 36,614 | 57,535 | 46,470 | 122,859 | 22,359 | 85,314 | ||
| -44,642 | -30,772 | 20,131 | -42,784 | 129,937 | 3,363 | 196 | -7,019 | 1,365 | 503 | -7,244 | 5,401 | - | ||
| 43,853 | 12,403 | -20,098 | -37,312 | -41,553 | -120,518 | -90,531 | -112,631 | -130,323 | -99,208 | -146,794 | -87,634 | -46,631 | ||
| 17.0% | 16.1% | 15.6% | 13.5% | 9.7% | -12.8% | -0.6% | -9.6% | -6.4% | -3.5% | -4.8% | 1.3% | 26.3% | ||
| 1.19 | 1.05 | 0.91 | 0.84 | 0.82 | 0.40 | 0.54 | 0.47 | 0.41 | 0.50 | 0.39 | 0.38 | 0.47 | ||
| 1.07 | 0.97 | 0.85 | 0.82 | 0.80 | 0.35 | 0.36 | 0.28 | 0.22 | 0.28 | 0.22 | 0.17 | 0.14 | ||
| 4.89 | 5.22 | 5.41 | 6.42 | 9.33 | - | - | - | - | - | - | 75.94 | 2.81 | ||
| 15.6% | 36.2% | 43.1% | 105.4% | 197.7% | - | - | - | - | - | - | - | 3.8% | ||
| 2.6% | 5.8% | 6.7% | 14.2% | 19.1% | -12.1% | 8.0% | -2.9% | -2.8% | 1.2% | -5.5% | -20.4% | 1.0% | ||
| 2.82 | 3.74 | 2.85 | 6.67 | 6.77 | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 6 | 5 | 5 | 6 |
| full-time | 2 | - | 2 | 2 | 2 |
| part-time | 4 | 6 | 3 | 3 | 4 |
| in full-time equivalents | 3.4 | 3.7 | 3.5 | 3.5 | 4 |
| 3.2 | 4 | 3.4 | 3.6 | 3.9 | |
| On a permanent contract | 4 | 6 | 5 | 5 | 6 |
| Joined | 5 | 2 | 4 | 1 | 4 |
| Left | 5 | 1 | 4 | 2 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €605,000 | €605,000 | €605,000 | €605,000 | - |
| Carrying value of the mortgaged assets | €648,244 | €595,914 | €575,398 | €570,222 | - |
| €66,000 | €66,000 | €66,000 | €66,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €105,030 | €75,084 | €30,697 | €595,669 | €35,149 |
| Intangible fixed assets | - | €500 | - | - | - |
| Financial fixed assets | - | - | - | - | €7,000 |
| €52,574 | €57,051 | €52,622 | €54,113 | €46,554 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 34% lower than in 2024 and the lowest since 2020. It is the third fall in a row.
Debt's share of the balance-sheet total falls from 83.9% to 83.0%. Equity and debt are higher.
HELLENIQUE has no parent and no holdings in its annual accounts. SPANOS Dimitri is the only director. HELLENIQUE shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Rue de la Croix 14 registered office 5651 Walcourt | |||
| L'Athène Plaza Avenue de Philippeville 121, 6001 Charleroi | 22-03-2013 | 2.217.985.766 | Restaurant |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52045A0596/00D006 | 3,490 m² | 1 · 155 m² | 14.8 m · 4 |
| 93037A0240/00R000 | 1,038 m² | 1 · 141 m² | 5.7 m · 1 |
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