HELLINCKX
ActiveSummary
HELLINCKX has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €253,578 and a net result of -€1,365. Equity has been stable since 2018 (±1% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-12-1977 Normal situation
- Activity
- “La société a pour objet l'exploitation de garage,l'achat,la vente,le commerce,l'importation,l'exportation,et l'entretien de voitures neuves…” (deed in French)From the articles, 3 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.016.318.115 1060 Sint-Gillis (bij-Brussel), since 01-01-1978
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €9,100
- ▲ 109%
- Turnover
- ≈ €69,000
- estimated
- Loss
- €1,365
- ▼ 77.6%
- Equity
- €253,578
- ▼ 0.5%
- Total assets
- €262,985
- ▼ 0.5%
Score breakdownlowers riskSize: total assets €262,985Founded in 1977Equity €253,578 (96.4% of total assets)Liquidity: current ratio 25.74, cash €51,302Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 (no NACE code, micro). It does better than 81% of them on solvency, 69% on liquidity, 46% on profitability and 43% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 2 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 49 filings
Every figure per financial year
The operating result for 2025 is a loss of €1,320, smaller than the loss of €6,058 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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 | €11,498 | €11,662 | €10,887 | €11,048 | €8,620 | €8,902 | €4,362 | €9,100 | ▲ 109% |
| Operating profit (loss)9901 | €11,498 | €11,662 | €10,887 | €11,048 | €8,620 | -€1,518 | -€6,058 | -€1,320 | ▲ 78.2% |
| Financial charges65/66B | - | - | - | €77 | €45 | €54 | €45 | €45 | = |
| Recurring financial charges65 | €103 | €104 | €73 | €77 | €45 | €54 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | €11,395 | €11,558 | €10,815 | €10,972 | €8,575 | -€1,572 | -€6,103 | -€1,365 | ▲ 77.6% |
| Income taxes67/77 | €3,722 | €2,408 | - | €3,713 | €2,933 | €4,488 | - | - | - |
| Profit (loss) for the period9904 | €7,673 | €9,150 | €10,815 | €7,258 | €5,642 | -€6,061 | -€6,103 | -€1,365 | ▲ 77.6% |
| Profit (loss) for the period to be appropriated9905 | €7,673 | €9,150 | €10,815 | €7,258 | €5,642 | -€6,061 | -€6,103 | -€1,365 | ▲ 77.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €240,666 | €246,269 | €257,849 | €264,972 | €272,329 | €265,986 | €264,350 | €262,985 | ▼ 0.5% |
| Fixed assets21/28 | €52,100 | €52,100 | €52,100 | €52,100 | €52,100 | €41,680 | €31,260 | €20,840 | ▼ 33.3% |
| Tangible fixed assets22/27 | €52,100 | €52,100 | €52,100 | €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 | €188,566 | €194,169 | €205,749 | €212,872 | €220,229 | €224,306 | €233,090 | €242,145 | ▲ 3.9% |
| Amounts receivable within one year40/41 | €38,842 | €38,842 | €38,842 | €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 | €149,724 | €155,327 | €166,906 | €174,030 | €31,387 | €35,463 | €42,248 | €51,302 | ▲ 21.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €240,666 | €246,269 | €257,849 | €264,972 | €272,329 | €265,986 | €264,350 | €262,985 | ▼ 0.5% |
| Equity10/15 | €234,241 | €243,391 | €254,206 | €261,464 | €267,106 | €261,045 | €254,943 | €253,578 | ▼ 0.5% |
| Contributions10/11 | €148,736 | €148,736 | - | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Reserves13 | €9,626 | €9,626 | €9,626 | €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 | €75,879 | €85,029 | €95,844 | €103,102 | €108,744 | €102,683 | €96,580 | €95,215 | ▼ 1.4% |
| Amounts payable17/49 | €6,425 | €2,878 | €3,643 | €3,508 | €5,223 | €4,940 | €9,407 | €9,407 | = |
| Amounts payable within one year42/48 | €6,425 | €2,878 | €3,643 | €3,508 | €5,223 | €4,940 | €9,407 | €9,407 | = |
| Trade debts44 | €81 | €28 | €168 | €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 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,673 | €9,150 | €10,815 | €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) | €7,673 | €9,150 | €10,815 | €7,258 | €5,642 | €4,359 | €4,317 | €9,055 | ▲ 110% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5,603 | €11,580 | €7,123 | -€142,643 | €4,076 | €6,784 | €9,055 | ▲ 33.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as HELLINCKX has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HELLINCKX itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for HELLINCKX. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00334269 | |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00425332 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00298077 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00270221 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20235240 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43700092 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37500288 | |
| 31-12-2018 | micro format | 16-08-2019 | 2019-46900133 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-52100455 | |
| 31-12-2016 | micro format | 14-08-2017 | 2017-43600520 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 29-12-2023 Capital stated in the deed · 500 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HELLINCKX Edgard |
|
| VANDER STAPPEN Léontine |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Assemblée générale peut désigner un ou plusieurs liquidateurs déterminer pouvoirs et émoluments, dissolution pour quelque cause et moment”
Articles of association, deed of 29-12-2023 (in French)
Network & group
HELLINCKX shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of HELLINCKX. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-12
Gazette deed
Resignation: VANDER STAPPEN Léontine (director)Appointment: HELLINCKX Edgard (director) · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 18-12-2023
- Other provision, “immatriculation au Registre des Personnes Morales”, 0417.873.723 (deed in French)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “article 39,§2,alinéa 2 loi du 2019-03-23, de plein droit” (deed in French)
- Reserve release, “supprimer compte de capitaux propres statutairement indisponible et rendre fonds disponibles pour distribution, formes et majorités de la modification des statu…” (deed in French)
- Capital
- Director resignation, VANDER STAPPEN Léontine (director)
- Board rule, 1
- Director appointment, HELLINCKX Edgard (director (not named in the articles))
- Other provision, “exécution mandat, décharge gérante démissionnaire” (deed in French)
- Registered office clause, “1060 Saint-Gilles,rue Fontainas 23A” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
3 activities
- La société a pour objet l'exploitation de garage,l'achat,la vente,le commerce,l'importation,l'exportation,et l'entretien de voitures neuves ou d'occasions,de pièces de rechanges,d'outillage,d'huiles et essences et de tous articles relatifs à cette activité,ainsi que la fabrication,la transformation et le commerce de toutes pièces pour n'importe quelle industrie de même que toutes opérations financières,commerciales,immobilières et mobilières se rattachant directement ou indirectement à cet objet.
- Elle peut s'intéresser directement ou indirectement dans toutes affaires,entreprises,associations,institutions dont l'objet serait similaire ou connexe au sien ou simplement utile à l'extension de ses opérations ou à la réalisation de tout ou partie de son objet social.
- Elle peut faire toutes opérations mobilières,immobilières,commerciales,industrielles et financières se rapportant directement ou indirectement à son objet social ou pouvant contribuer à son développement.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21562A0372/00K000 | Brussels | 582 m² | 1 · 352 m² | 9.6 m · 2 |