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HELLINCKX

Active
Private limited companyfounded 197748 yrs activeFontainasstraat 23A, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0417.873.723
Summary

HELLINCKX has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253,578 and a net result of -€1,365. Equity remains stable across the filed fiscal years (±1% per year). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability68▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 25.74 against 24.78 in 2024; short-term debt: 3.6% and cash: 19.5% of total assets), and 3.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 48 years 0 50 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 d early
2024
26 d late
2023
2 d early
2022
5 d early
2021
3 d early
2020
1 d early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 2 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 16 December 1977, HELLINCKX was incorporated.1 Total assets went from EUR 240,666 in 2018 to EUR 262,985 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€253,578▼ 0.5%
2024 · €254,943
Total assets
€262,985▼ 0.5%
2024 · €264,350
Net result
-€1,365▲ 77.6%
2024 · -€6,103
Working capital
€232,737▲ 4.0%
2024 · €223,683
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€11,048▲ 1.5%€8,620▼ 22.0%-€1,518-€6,058▼ 299%-€1,320▲ 78.2%
Net result€7,258▼ 32.9%€5,642▼ 22.3%-€6,061-€6,103▼ 0.7%-€1,365▲ 77.6%
Equity€261,464▲ 2.9%€267,106▲ 2.2%€261,045▼ 2.3%€254,943▼ 2.3%€253,578▼ 0.5%
Total assets€264,972▲ 2.8%€272,329▲ 2.8%€265,986▼ 2.3%€264,350▼ 0.6%€262,985▼ 0.5%
Debt€3,508▼ 3.7%€5,223▲ 48.9%€4,940▼ 5.4%€9,407▲ 90.4%€9,407=
Working capital€209,365▲ 3.6%€215,006▲ 2.7%€219,365▲ 2.0%€223,683▲ 2.0%€232,737▲ 4.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2021: €11,048€11,048Net result 2021: €7,258€7,258Operating result 2022: €8,620€8,620Net result 2022: €5,642€5,642Operating result 2023: -€1,518-€1,518Net result 2023: -€6,061-€6,061Operating result 2024: -€6,058-€6,058Net result 2024: -€6,103-€6,103Operating result 2025: -€1,320-€1,320Net result 2025: -€1,365-€1,36520212022202320242025-€8,000-€6,000-€4,000-€2,000€0Operating result 2023: -€1,518-€1,520Net result 2023: -€6,061-€6,060Operating result 2024: -€6,058-€6,060Net result 2024: -€6,103-€6,100Operating result 2025: -€1,320-€1,320Net result 2025: -€1,365-€1,370202320242025
The operating result stays negative: a loss of €1,320 in 2025 against €6,058 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262,985
Fixed assets €20,840 ▼ 33.3%
Current assets €242,145 ▲ 3.9%
Equity and liabilities €262,985
Equity €253,578 ▼ 0.5%
Debt €9,407 =
Debt's share of the balance-sheet total stays at 3.6%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€9,100▲
2024 · €4,362
Cash flow
€9,055▲
2024 · €4,317
Current ratio
25.74▲
2024 · 24.78
Debt to equity
0.04▲
2024 · 0.04
ROE
-0.5%▲
2024 · -2.4%
ROA
-0.5%▲
2024 · -2.3%
Interest coverage
202.21▲
2024 · 96.94
Debt ≤ 1 year
€9,407=
2024 · €9,407
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€264,350€262,985▼
Fixed assets21/28€31,260€20,840▼
Tangible fixed assets22/27€31,260€20,840▼
Land and buildings22€1,342€895▼
Plant, machinery and equipment23€29,919€19,946▼
Current assets29/58€233,090€242,145▲
Amounts receivable within one year40/41€190,842€190,842=
Other amounts receivable41€190,842€190,842=
Cash at bank and in hand54/58€42,248€51,302▲
Equity and liabilities
Total equity and liabilities10/49€264,350€262,985▼
Equity10/15€254,943€253,578▼
Contributions10/11€148,736€148,736=
Reserves13€9,626€9,626=
Tax-exempt reserves132€5,337€5,337=
Distributable reserves133€4,289€4,289=
Profit (loss) carried forward14€96,580€95,215▼
Amounts payable17/49€9,407€9,407=
Amounts payable within one year42/48€9,407€9,407=
Trade debts44€279€279=
Suppliers440/4€279€279=
Other amounts payable47/48€9,128€9,128=
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€37,638€32,900▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,420€10,420=
Gross operating margin9900€4,362€9,100▲
Operating profit (loss)9901-€6,058-€1,320▲
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903-€6,103-€1,365▲
Profit (loss) for the period9904-€6,103-€1,365▲
Profit (loss) for the period to be appropriated9905-€6,103-€1,365▲
Appropriation of the result
Profit (loss) to be appropriated9906€96,580€95,215▼
Profit (loss) brought forward from the previous period14P€102,683€96,580▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Goods, raw materials, services and sundry goods60/61€30,952€33,380€33,098€37,638€32,900▼ 12.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€10,420€10,420€10,420=
Gross operating margin9900€11,048€8,620€8,902€4,362€9,100▲ 109%
Operating profit (loss)9901€11,048€8,620-€1,518-€6,058-€1,320▲ 78.2%
Financial charges65/66B€77€45€54€45€45=
Recurring financial charges65€77€45€54€45€45=
Profit (loss) for the period before taxes9903€10,972€8,575-€1,572-€6,103-€1,365▲ 77.6%
Income taxes67/77€3,713€2,933€4,488---
Profit (loss) for the period9904€7,258€5,642-€6,061-€6,103-€1,365▲ 77.6%
Profit (loss) for the period to be appropriated9905€7,258€5,642-€6,061-€6,103-€1,365▲ 77.6%
Line20212022202320242025Change
Assets
Total assets20/58€264,972€272,329€265,986€264,350€262,985▼ 0.5%
Fixed assets21/28€52,100€52,100€41,680€31,260€20,840▼ 33.3%
Tangible fixed assets22/27€52,100€52,100€41,680€31,260€20,840▼ 33.3%
Land and buildings22€2,236€2,236€1,789€1,342€895▼ 33.3%
Plant, machinery and equipment23€49,864€49,864€39,891€29,919€19,946▼ 33.3%
Current assets29/58€212,872€220,229€224,306€233,090€242,145▲ 3.9%
Amounts receivable within one year40/41€38,842€188,842€188,842€190,842€190,842=
Other amounts receivable41€38,842€188,842€188,842€190,842€190,842=
Cash at bank and in hand54/58€174,030€31,387€35,463€42,248€51,302▲ 21.4%
Equity and liabilities
Total equity and liabilities10/49€264,972€272,329€265,986€264,350€262,985▼ 0.5%
Equity10/15€261,464€267,106€261,045€254,943€253,578▼ 0.5%
Contributions10/11€148,736€148,736€148,736€148,736€148,736=
Reserves13€9,626€9,626€9,626€9,626€9,626=
Non-distributable reserves130/1€4,289€4,289----
Reserves not available under the articles1311€4,289€4,289----
Tax-exempt reserves132€5,337€5,337€5,337€5,337€5,337=
Distributable reserves133--€4,289€4,289€4,289=
Profit (loss) carried forward14€103,102€108,744€102,683€96,580€95,215▼ 1.4%
Amounts payable17/49€3,508€5,223€4,940€9,407€9,407=
Amounts payable within one year42/48€3,508€5,223€4,940€9,407€9,407=
Trade debts44€222€279€279€279€279=
Suppliers440/4€222€279€279€279€279=
Other amounts payable47/48€3,285€4,944€4,661€9,128€9,128=
Line20212022202320242025Change
Profit (loss) for the period9904€7,258€5,642-€6,061-€6,103-€1,365▲ 77.6%
+ Depreciation and write-downs630--€10,420€10,420€10,420=
Operating cash flow (approximation)€7,258€5,642€4,359€4,317€9,055▲ 110%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€142,643€4,076€6,784€9,055▲ 33.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
27-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial Weakest financial yearnet -€6,103
Net result drops to -€6,103, the lowest in the series; recovery starts the following year.
29-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Highest result since 2018net €10,815 ▲18.2%
Net result €10,815, the highest in the series.
31-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Liquidity doublescurrent ratio 67.48
Current ratio from 29.35 to 67.48; short-term debt falls from €6,425 to €2,878.
16-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
27-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
14-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1978
seat establishment The establishment unit on the map
Ground area
582 m²
Building footprint
352 m²
Volume, LiDAR
2,316 m³
Parcel 21562A0372/00K000, Brussels · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Fontainasstraat 23A, 1060 Sint-Gillis (bij-Brussel)
NACE 5010301
since 19782.016.318.115
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21562A0372/00K000 Brussels 582 m² 1 · 352 m² 9.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded16-12-1977
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.