Hellinckx Projects
ActiveSummary
Hellinckx Projects has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37k and a net result of €9k. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▼-6
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 2.43 in 2023; short-term debt: 18.7% and cash: 61.5% of total assets), and 18.7% 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
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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
81.3%
Return on assets
19.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
41 d early
2022
15 d early
2021
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€37k▲ 25.1%
2023 · €30k
Total assets
€46k▲ 17.8%
2023 · €39k
Net result
€9k▼ 9.0%
2023 · €10k
Working capital
€25k▲ 89.4%
2023 · €13k
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
Line2021202220232024
Operating result€24k-€3k▼ 88.8%€15k▲ 455%€14k▼ 5.4%
Net result€17k-€1k▼ 91.8%€10k▲ 627%€9k▼ 9.0%
Equity€19k-€21k▲ 7.1%€30k▲ 44.6%€37k▲ 25.1%
Total assets€27k-€28k▲ 4.3%€39k▲ 36.8%€46k▲ 17.8%
Debt€8k-€8k▼ 2.6%€9k▲ 16.3%€9k▼ 5.9%
Working capital€21k-€20k▼ 5.1%€13k▼ 34.7%€25k▲ 89.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46k
Fixed assets
€12k ▼ 25.2%
Current assets
€33k ▲ 50.2%
Equity and liabilities €46k
Equity
€37k ▲ 25.1%
Debt
€9k ▼ 5.9%
Debt's share of the balance-sheet total falls from 23.4% to 18.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2023 · €16k
Cash flow
€15k▲
2023 · €12k
Current ratio
3.88▲
2023 · 2.43
Debt to equity
0.23▼
2023 · 0.31
ROE
24.4%▼
2023 · 33.5%
ROA
19.8%▼
2023 · 25.7%
Interest coverage
88.71▼
2023 · 94.05
Debt ≤ 1 year
€9k▼
2023 · €9k
Income taxes
€5k▲
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2k | €6k | ▲ 240% |
| Other operating charges640/8 | €802 | €439 | €341 | €1k | ▲ 209% |
| Gross operating margin9900 | €24k | €3k | €17k | €21k | ▲ 25.0% |
| Operating profit (loss)9901 | €24k | €3k | €15k | €14k | ▼ 5.4% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | €95 | €125 | €174 | €224 | ▲ 28.4% |
| Recurring financial charges65 | €95 | €125 | €174 | €224 | ▲ 28.4% |
| Profit (loss) for the period before taxes9903 | €23k | €3k | €14k | €14k | ▼ 5.8% |
| Income taxes67/77 | €7k | €1k | €4k | €5k | ▲ 1.4% |
| Profit (loss) for the period9904 | €17k | €1k | €10k | €9k | ▼ 9.0% |
| Profit (loss) for the period to be appropriated9905 | €17k | €1k | €10k | €9k | ▼ 9.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €27k | €28k | €39k | €46k | ▲ 17.8% |
| Fixed assets21/28 | - | €600 | €17k | €12k | ▼ 25.2% |
| Tangible fixed assets22/27 | - | - | €16k | €12k | ▼ 26.1% |
| Furniture and vehicles24 | - | - | €16k | €12k | ▼ 26.1% |
| Financial fixed assets28 | - | €600 | €600 | €600 | = |
| Current assets29/58 | €27k | €28k | €22k | €33k | ▲ 50.2% |
| Amounts receivable within one year40/41 | - | €6k | €17k | €3k | ▼ 82.1% |
| Trade receivables40 | - | - | €14k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €6k | €3k | €3k | ▼ 2.0% |
| Cash at bank and in hand54/58 | €27k | €11k | €3k | €28k | ▲ 850% |
| Deferred charges and accrued income490/1 | - | €10k | €3k | €2k | ▼ 14.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €27k | €28k | €39k | €46k | ▲ 17.8% |
| Equity10/15 | €19k | €21k | €30k | €37k | ▲ 25.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €17k | €18k | €27k | €35k | ▲ 27.4% |
| Distributable reserves133 | €17k | €18k | €27k | €35k | ▲ 27.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - |
| Amounts payable17/49 | €8k | €8k | €9k | €9k | ▼ 5.9% |
| Amounts payable within one year42/48 | €6k | €8k | €9k | €9k | ▼ 5.9% |
| Trade debts44 | €374 | €0 | €157 | €308 | ▲ 96.7% |
| Suppliers440/4 | €374 | €0 | €157 | €308 | ▲ 96.7% |
| Taxes, remuneration and social security45 | €6k | €8k | €8k | €7k | ▼ 19.6% |
| Taxes450/3 | €6k | €8k | €8k | €7k | ▼ 19.6% |
| Other amounts payable47/48 | - | - | €560 | €2k | ▲ 171% |
| Accrued charges and deferred income492/3 | €2k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €1k | €10k | €9k | ▼ 9.0% |
| + Depreciation and write-downs630 | - | - | €2k | €6k | ▲ 240% |
| Operating cash flow (approximation) | €17k | €1k | €12k | €15k | ▲ 28.6% |
| Investment in fixed assets (approximation) | - | - | €-18k | €-2k | ▲ 89.8% |
| Change in cash | - | €-16k | €-8k | €25k | ▲ 398% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €1k ▼91.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ternat · 1 establishment unit since 2021
Ground area
853 m²
Building footprint
166 m²
Volume, LiDAR
1,070 m³
Parcel 23086A0635/00F000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hellinckx Projects
since 20212.311.796.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086A0635/00F000 | Flanders | 852 m² | 1 · 166 m² | 9.4 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 36,169 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.