Hellesse Parachèvement

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Hellesse Parachèvement is 2.3% (moderate). The 2025 annual accounts show equity of €12k and a net result of €3k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 1087 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-02-2026, 154 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	27-02-2026	154 d early	2026-00045430
31-12-2024	31-07-2025	26-08-2025	26 d late	2025-00424363
31-12-2023	31-07-2024	01-08-2024	1 d late	2024-00329109
31-12-2022	31-07-2023	24-03-2023	129 d early	2023-00046133

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€3k+117.3%

Working capital€15k+29.6%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 27-02-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~8.3%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	52.9%	42.1%	better than 62% of 1087 sector peers
Net result	€3k	€11k	better than 31% of 1087 sector peers
Equity	€12k	€35k	better than 23% of 1089 sector peers
Gross operating margin	€6k	€30k	better than 17% of 1086 sector peers
Total assets	€23k	€96k	better than 10% of 1087 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P62

Improving position over 2022-2025 · n=1087-3838

Net result P31

Weakening position over 2022-2025 · n=1087-3834

Equity P23

Stable position over 2022-2025 · n=1089-3843

Gross operating margin P17

Weakening position over 2022-2025 · n=1086-3831

Describes the position versus peers, not a forecast.

EBITDA

€5k

+107.5% 22-25

Net profit

€3k

+117.3% 22-25

Cash flow

€3k

+95.2% 22-25

Total assets

€23k

-68.5% 22-25

Equity

€12k

+0.5% 22-25

Working capital

€15k

+29.6% 22-25

Income taxes

€1k

+178.0% 22-25

Dividends

€3k

-77.3% 22-25

Show 9 other metrics

Debt

€7k

-87.7% 22-25

Debt ≤ 1y

€7k

-87.7% 22-25

Current ratio

3.06

+155.8% 22-25

Quick ratio

3.06

+155.8% 22-25

Solvency

52.9%

+219.3% 22-25

Debt / equity

0.62

-87.7% 22-25

ROE

25.3%

+116.3% 22-25

ROA

13.4%

+590.6% 22-25

Interest coverage

6.29

+11.5% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€5k
Net profit	€3k
Cash flow	€3k
Staff costs	-
Income taxes	€1k
Dividends	€3k
Total assets	€23k
Equity	€12k
Debt	€7k
of which ≤ 1y	€7k
of which > 1y	-
Working capital	€15k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	3.06
Quick ratio	3.06
Working capital ratio	67.3%
Solvency	52.9%
Debt / equity	0.62
Long-term debt ratio	-
Interest coverage	6.29
Gross margin	-
Net margin	-
ROA	13.4%
ROE	25.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Equity & liabilities

Equity €12k · 52.9% Provisions €3k · 14.4% Debt €7k · 32.7%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€23k
Current assets	29/58	€23k
Amounts receivable within one year	40/41	€2k
Cash & bank	54/58	€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€23k
Equity	10/15	€12k
Contributions / capital	10/11	€1k
Reserves	13	€10k
Accumulated profits (losses)	14	€1k
Provisions & deferred taxes	16	€3k
Amounts payable	17/49	€7k
Amounts payable within one year	42/48	€7k
Trade debts payable within one year	44	€992
Income statement
Gross operating margin	9900	€6k
Operating result	9901	€5k
Financial income	75	€28
Financial charges	65	€844
Result before taxes	9903	€4k
Income taxes	67/77	€1k
Net result for the period	9904	€3k
Result to be appropriated	9905	€3k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Current directors & mandates

Laurence Bourgard
Director
State Gazette act 22137478 (24-11-2022)

Current
27-10-2022 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Algemene bouw van residentiële gebouwen(41001)
Legal form	Private limited company(610)
Incorporation	16-08-2021
Status	Active
Postal code	4987

Structure & network

Connections & network

1 connected company

Network connections

Sarah Santin, Design & Management

Shared address

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Targnon 464987 Stoumont

Establishment units

1 location

Targnon 46, 4987 Stoumont

Algemene bouw van residentiële gebouwen

since 20212.323.979.844

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,031 m²

Buildings1

Building footprint207 m²

Volume (LiDAR)1,145 m³

Tallest building7.4 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)