HELLIN MICHEL
ActiveHELLIN MICHEL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238k and a net result of €-17k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▲+4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 15.03 against 9.28 in 2024; short-term debt: 6.6% and cash: 16% of total assets), and 6.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-17k
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 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
42 d early
2023
40 d early
2022
40 d early
2021
25 d early
2020
8 d early
2019
35 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€238k▼ 11.0%
2024 · €267k
2018: €195k
2019: €218k
2020: €206k
2021: €222k
2022: €365k
2023: €321k
2024: €267k
2018 → 2025
Total assets
€254k▼ 14.5%
2024 · €298k
2018: €249k
2019: €270k
2020: €283k
2021: €248k
2022: €485k
2023: €346k
2024: €298k
2018 → 2025
Net result
€-17k▲ 43.7%
2024 · €-30k
2018: €17k
2019: €24k
2020: €13k
2021: €16k
2022: €275k
2023: €-28k
2024: €-30k
2018 → 2025
Working capital
€237k▼ 7.2%
2024 · €255k
2018: €-21k
2019: €-26k
2020: €-16k
2021: €19k
2022: €304k
2023: €289k
2024: €255k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€222k-€365k▲ 64.8%€321k▼ 12.2%€267k▼ 16.8%€238k▼ 11.0%
Operating result€26k-€-9k€-28k▼ 232%€-30k▼ 5.5%€-21k▲ 28.9%
Net result€16k-€275k▲ 1,614%€-28k€-30k▼ 9.1%€-17k▲ 43.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €30k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €254k
Fixed assets
€968▼ 92.0%
Current assets
€253k▼ 11.2%
Equity and liabilities €254k
Equity
€238k▼ 11.0%
Debt
€17k▼ 45.2%
The debt ratio falls from 10.3% to 6.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2024 · €-10k
Cash flow
€-16k▼
2024 · €-11k
Solvency
93.4%▲
2024 · 89.7%
Current ratio
15.03▲
2024 · 9.28
Quick ratio
15.03▲
2024 · 9.28
Debt / equity
0.07▼
2024 · 0.12
ROE
-7.2%▲
2024 · -11.4%
ROA
-6.7%▲
2024 · -10.2%
Interest coverage
-129.51▼
2024 · -69.79
Debt
€17k▼
2024 · €31k
Debt ≤ 1 year
€17k▼
2024 · €31k
Income taxes
€0▼
2024 · €354
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€298k€254k▼
Fixed assets21/28€12k€968▼
Tangible fixed assets22/27€12k€968▼
Land and buildings22€10k€0▼
Plant, machinery and equipment23€1k€968▼
Furniture and vehicles24€801€0▼
Current assets29/58€286k€253k▼
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€3k€3k▲
Other amounts receivable41€245€1k▲
Current investments50/53€206k€208k▲
Cash at bank and in hand54/58€77k€41k▼
Deferred charges and accrued income490/1€483€183▼
Equity and liabilities
Total equity and liabilities10/49€298k€254k▼
Equity10/15€267k€238k▼
Contributions10/11€19k€19k=
Reserves13€307k€294k▼
Distributable reserves133€307k€294k▼
Profit (loss) carried forward14€-58k€-75k▼
Amounts payable17/49€31k€17k▼
Amounts payable within one year42/48€31k€17k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€2k€122▼
Suppliers440/4€2k€122▼
Taxes, remuneration and social security45€4€1k▲
Taxes450/3€4€1k▲
Other amounts payable47/48€28k€15k▼
Income statement
Code20242025
Non-recurring operating income76A€20k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€1k▼
Other operating charges640/8€3k€271▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€-8k€-15k▼
Operating profit (loss)9901€-30k€-21k▲
Financial income75/76B€30€4k▲
Recurring financial income75€30€4k▲
Financial charges65/66B€150€154▲
Recurring financial charges65€150€154▲
Profit (loss) for the period before taxes9903€-30k€-17k▲
Income taxes67/77€354€0▼
Profit (loss) for the period9904€-30k€-17k▲
Profit (loss) for the period to be appropriated9905€-30k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-75k▼
Profit (loss) brought forward from the previous period14P€-28k€-58k▼
Transfer from equity791/2€23k€12k▼
Profit to be distributed694/7€23k€12k▼
Return on contributions (dividend)694€23k€12k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity triplescurrent ratio 12.31
Current ratio from 3.53 to 12.31; short-term debt falls from €120k to €26k.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €275k ▲1614%
Net result €275k, the highest in the series.
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity triplescurrent ratio 2.01
Current ratio from 0.73 to 2.01; short-term debt falls from €62k to €19k.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €218k ▲12.1%
2 profitable years in a row build equity to €218k.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mortsel · 1 establishment unit since 2004
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.
Selland 12640 MortselGround area
298 m²
Building footprint
105 m²
Volume, LiDAR
710 m³
Parcel 11513C0159/00A012, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HELLIN MICHEL
since 20042.143.642.788
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0159/00A012 | Flanders | 298 m² | 1 · 105 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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XAVIER DEPAUW CONSULTING
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 39,134 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2004
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.