HELLIN PATRICK
ActiveSummary
HELLIN PATRICK has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €304,927 and a net result of -€44,953. Equity is growing by about 6.2% per year across the filed financial years. Its solvency ranks better than 48% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €304,927
- Loss
- -€44,953
- Holdings
- 1
Why 86raises riskLoss of €44,953, the second in a row (financial year 2025)Liquidity: current ratio 5.57, cash €2,791, halvedlowers riskSize: total assets €568,360Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro): better than 49% on solvency, 37% on liquidity, 10% on profitability and 26% on growth.
The bankruptcy probability was computed on 24-10-2026 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
This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Weakest financial yearnet -€73,793
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €51,285 in 2025 against €69,198 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 8,617 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €124,759 | €1,500 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,423 | €27,423 | €73,849 | €31,359 | €27,496 | €27,220 | €26,319 | ▼ 3.3% |
| Other operating charges640/8 | - | - | €4,662 | €2,366 | €3,216 | €5,373 | €4,837 | ▼ 10.0% |
| Gross operating margin9900 | €53,770 | €70,587 | €70,728 | €169,384 | -€26,845 | -€36,606 | -€20,130 | ▲ 45.0% |
| Operating profit (loss)9901 | €24,362 | €41,088 | -€7,783 | €135,659 | -€57,558 | -€69,198 | -€51,285 | ▲ 25.9% |
| Financial income75/76B | - | - | €1 | €312,500 | - | €3,460 | €10,210 | ▲ 195% |
| Recurring financial income75 | €0 | €0 | €1 | €312,500 | - | €3,460 | €10,210 | ▲ 195% |
| Financial charges65/66B | - | - | €9,039 | €8,971 | €7,589 | €7,967 | €3,259 | ▼ 59.1% |
| Recurring financial charges65 | €6,808 | €8,836 | €9,039 | €8,971 | €7,589 | €7,967 | €3,259 | ▼ 59.1% |
| Profit (loss) for the period before taxes9903 | €17,554 | €32,252 | -€16,822 | €439,187 | -€65,146 | -€73,705 | -€44,334 | ▲ 39.9% |
| Income taxes67/77 | €8,576 | €12,553 | €504 | €68,578 | €354 | €87 | €619 | ▲ 609% |
| Profit (loss) for the period9904 | €8,978 | €19,699 | -€17,326 | €370,609 | -€65,500 | -€73,793 | -€44,953 | ▲ 39.1% |
| Transfer from tax-exempt reserves789 | - | - | - | €33,383 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8,870 | €19,699 | -€17,326 | €403,992 | -€65,500 | -€73,793 | -€44,953 | ▲ 39.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €473,855 | €463,983 | €874,484 | €982,229 | €757,693 | €655,685 | €568,360 | ▼ 13.3% |
| Fixed assets21/28 | €435,999 | €408,575 | €825,927 | €489,594 | €464,421 | €437,202 | €410,883 | ▼ 6.0% |
| Tangible fixed assets22/27 | €310,999 | €283,575 | €700,927 | €489,594 | €464,421 | €437,202 | €410,883 | ▼ 6.0% |
| Land and buildings22 | - | - | €695,364 | €488,047 | €463,781 | €436,928 | €410,883 | ▼ 6.0% |
| Furniture and vehicles24 | - | - | €5,563 | €1,548 | €640 | €274 | €0 | ▼ 100% |
| Financial fixed assets28 | €125,000 | €125,000 | €125,000 | - | - | - | - | - |
| Current assets29/58 | €37,856 | €55,408 | €48,557 | €492,635 | €293,272 | €218,484 | €157,477 | ▼ 27.9% |
| Amounts receivable within one year40/41 | €9,320 | - | €31,388 | €61,035 | €4,101 | €1,779 | €708 | ▼ 60.2% |
| Trade receivables40 | - | - | - | €10,110 | €3,646 | €0 | - | - |
| Other amounts receivable41 | - | - | €31,388 | €50,925 | €455 | €1,779 | €708 | ▼ 60.2% |
| Current investments50/53 | - | - | - | - | - | €183,292 | €152,824 | ▼ 16.6% |
| Cash at bank and in hand54/58 | €27,203 | €53,228 | €14,597 | €428,944 | €286,405 | €31,408 | €2,791 | ▼ 91.1% |
| Deferred charges and accrued income490/1 | - | - | €2,572 | €2,656 | €2,766 | €2,005 | €1,154 | ▼ 42.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €473,855 | €463,983 | €874,484 | €982,229 | €757,693 | €655,685 | €568,360 | ▼ 13.3% |
| Equity10/15 | €191,770 | €210,658 | €192,532 | €492,215 | €423,673 | €349,880 | €304,927 | ▼ 12.8% |
| Contributions10/11 | €47,500 | - | €47,500 | €47,500 | €47,500 | €47,500 | €47,500 | = |
| Reserves13 | €143,791 | €162,678 | €162,358 | €444,715 | €413,731 | €413,731 | €413,731 | = |
| Non-distributable reserves130/1 | - | - | €13,740 | €13,740 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €13,740 | €13,740 | - | - | - | - |
| Tax-exempt reserves132 | - | - | €33,491 | €108 | €108 | €108 | €108 | = |
| Distributable reserves133 | - | - | €115,127 | €430,866 | €413,623 | €413,623 | €413,623 | = |
| Profit (loss) carried forward14 | €479 | €479 | -€17,326 | - | -€37,558 | -€111,351 | -€156,304 | ▼ 40.4% |
| Amounts payable17/49 | €282,085 | €253,326 | €681,953 | €490,015 | €334,020 | €305,805 | €263,433 | ▼ 13.9% |
| Amounts payable after more than one year17 | €171,901 | €134,065 | €590,667 | €316,338 | €284,467 | €251,499 | €235,184 | ▼ 6.5% |
| Financial debts170/4 | - | - | €590,667 | €316,338 | €284,467 | €251,499 | €235,184 | ▼ 6.5% |
| Amounts payable within one year42/48 | €110,184 | €119,261 | €89,455 | €173,677 | €49,553 | €54,307 | €28,249 | ▼ 48.0% |
| Current portion of amounts payable after more than one year42 | - | - | €35,017 | €30,829 | €31,871 | €32,969 | €17,687 | ▼ 46.4% |
| Trade debts44 | €14,376 | €1,497 | €2,453 | €11,536 | €3,775 | €12,982 | €2,764 | ▼ 78.7% |
| Suppliers440/4 | - | - | €2,453 | €11,536 | €3,775 | €12,982 | €2,764 | ▼ 78.7% |
| Taxes, remuneration and social security45 | - | - | - | €2,578 | €1,131 | €1,196 | €342 | ▼ 71.4% |
| Taxes450/3 | - | - | - | €2,578 | €1,131 | €1,196 | €342 | ▼ 71.4% |
| Other amounts payable47/48 | - | - | €51,985 | €128,734 | €12,777 | €7,160 | €7,457 | ▲ 4.1% |
| Accrued charges and deferred income492/3 | - | - | €1,832 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,978 | €19,699 | -€17,326 | €370,609 | -€65,500 | -€73,793 | -€44,953 | ▲ 39.1% |
| + Depreciation and write-downs630 | €27,423 | €27,423 | €73,849 | €31,359 | €27,496 | €27,220 | €26,319 | ▼ 3.3% |
| Operating cash flow (approximation) | €36,402 | €47,123 | €56,523 | €401,968 | -€38,004 | -€46,573 | -€18,634 | ▲ 60.0% |
| Investment in fixed assets (approximation) | - | €0 | -€491,201 | €304,973 | -€2,323 | €0 | €0 | - |
| Change in cash | - | €26,025 | -€38,631 | €414,347 | -€142,539 | -€254,997 | -€28,617 | ▲ 88.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 07-04-2026 | 2026-00072934 |
| 30-09-2024 | abbreviated format | 04-04-2025 | 2025-00063542 |
| 30-09-2023 | abbreviated format | 21-03-2024 | 2024-00046683 |
| 30-09-2022 | abbreviated format | 24-03-2023 | 2023-00044544 |
| 30-09-2021 | abbreviated format | 05-04-2022 | 2022-20000296 |
| 30-09-2020 | micro format | 22-04-2021 | 2021-10900450 |
| 30-09-2019 | micro format | 31-03-2020 | 2020-08000456 |
| 30-09-2018 | micro format | 21-03-2019 | 2019-07500171 |
| 30-09-2017 | abbreviated format | 26-03-2018 | 2018-07800580 |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-08300285 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
According to the annual accounts to 30-09-2021 of HELLIN PATRICK and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 1 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
06-09
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Director in office4 facts ▸
- General meeting, 23-08-2023
- Capital conversion, “onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director in office, Hellin Patrick Christian Ronald (director) (2 times)
- Amendment of the articles (4 times)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11472C0292/00C009 | Flanders | 345 m² | 1 · 93 m² | 10.6 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid, op het gebied van planning, organisatie, efficiëntie en toezicht…” (deed in Dutch)
21 activities (deed in Dutch)
- Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid, op het gebied van planning, organisatie, efficiëntie en toezicht, investeren, nemen van participaties of samenwerkingsverbanden, het verschaffen van informatie aan de bedrijfsleiding, evenals technisch advies of training, uitvoeren van projectmanagement, uitoefenen van commerciële vertegenwoordiging en/of bestuur, rekruteringstaken.
- De organisatie en exploitatie van een studie-, organisatie en raadgevend bureau.
- De organisatie en exploitatie van een ontwerpbureau : uittekenen plannen, realisatie, opvolging van de creatie ervan.
- Grafisch ontwerp : van logo’s en huisstijl tot advertenties, brochures, lay-out, drukwerk, in de meest ruime zin.
- Het waarnemen en leveren van alle bestuurs- en controleopdrachten, het uitoefenen van management- opdrachten en –functies.
- Advies en consultancy in het algemeen en meer concreet doch niet beperkend op sociaal en economisch vlak, advies in bedrijfsbeheer.
- Het bijstaan en vertegenwoordigen van personen en ondernemingen.
- Bijstand en diensten verlenen van administratieve aard, in de ruimste zin van het woord, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie.
- Het geven van opleidingen, coaching en consultancy, en aanverwante dienstverlening in het algemeen, het begeleiden en coachen van mensen op commercieel, business en persoonlijk vlak in het bijzonder.
- Het organiseren en opstellen van of meewerken aan workshops, trainingen, seminaries, conferenties, webinars, cursussen en incentive trainingen; het aankopen, verkopen, verhuren, bewerken, ter beschikking stellen, van alle mogelijke trainings- en cursus parketten evenals de aanverwante toestellen en uitrustingen; het schrijven en uitgeven van boeken, teksten, columns, dit alles in de meest ruime zin.
- Tussenpersoon in de handel.
- De aan- en verkoop, doorverkoop, huur, verhuur, transformatie, projectontwikkeling, renovatie, de binnenhuisinrichting en decoratie, en beheer voor eigen rekening of voor rekening van derden, van alle onroerende goederen.
- Coördinatie van bouwwerkzaamheden.
- Het uitvoeren van om het even welke activiteiten, dienstverlening en bijstand, verband houdende met marketing en communicatie, in de meest ruime zin.
- Creatie, productie en organisatie van evenementen, incentives, concerten, feesten, allerhande … in de meest ruime zin.
- Het bieden van services voor bovengenoemde evenementen.
- De exploitatie van een adviesbureau voor communicatie, verkoop promotie, public relations, commerciële organisaties en events, vormgeving, productontwikkeling, marketing en audiovisuele producties.
- De ontwikkeling, opvolging en handling van multimediatoepassingen, sponsorwerving (beheer, opvolging, ontwikkeling van dossiers), merchandising, ontwikkeling mediadeals.
- De conceptontwikkeling en creatieve realisatie van technische en artistieke projecten, technische begeleiding van events.
- Opleidingen en training in het vakgebied van marketing, publiciteit en evenementen.
- De aan- en verkoop, huur- en verhuur en vertegenwoordiging in technische apparatuur.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HELLIN PATRICK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, adres kan worden overgebracht naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of in het Nederlands…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Al dan niet bezoldigd, bepaalde of onbepaalde duur” (deed in Dutch)“Onbezoldigd behoudens uitdrukkelijk andersluidende beslissing algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Bindende derdenbeslissing door commissaris of, als er geen commissaris is, door bedrijfsrevisor aangewezen binnen twee weken door…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of March at 18:00