Hellings Transport
ActiveHellings Transport has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €369k and a net result of €-13k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 864 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-62
Solvency77▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.21 in 2024; short-term debt: 48.1% and cash: 22.4% of total assets), and 48.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
85 d early
2023
on the day
2022
3 d early
2021
26 d late
2020
33 d early
2019
35 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-13k
2024 · €89k
2018: €13k
2019: €44k
2020: €-90k
2021: €93k
2022: €115k
2023: €84k
2024: €89k
2018 → 2025
Working capital
€358k▼ 37.0%
2024 · €569k
2018: €214k
2019: €261k
2020: €161k
2021: €276k
2022: €386k
2023: €482k
2024: €569k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€295k-€409k▲ 38.8%€493k▲ 20.6%€582k▲ 18.0%€369k▼ 36.5%
Operating result€98k-€149k▲ 51.5%€109k▼ 26.4%€111k▲ 1.8%€-13k
Net result€93k-€115k▲ 22.9%€84k▼ 26.5%€89k▲ 5.2%€-13k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €111k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €712k
Fixed assets
€11k▼ 15.8%
Current assets
€701k▼ 32.4%
Equity and liabilities €712k
Equity
€369k▼ 36.5%
Debt
€343k▼ 26.9%
The debt ratio rises from 44.6% to 48.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▼
2024 · €113k
Cash flow
€-11k▼
2024 · €91k
Solvency
51.9%▼
2024 · 55.4%
Current ratio
2.05▼
2024 · 2.21
Quick ratio
2.05▼
2024 · 2.21
Debt / equity
0.93▲
2024 · 0.81
ROE
-3.4%▼
2024 · 15.3%
ROA
-1.8%▼
2024 · 8.4%
Interest coverage
-16.30▼
2024 · 81.53
Debt
€343k▼
2024 · €469k
Debt ≤ 1 year
€343k▼
2024 · €469k
Income taxes
€26▼
2024 · €37k
Staff costs
€38k▼
2024 · €53k
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€1.05M€712k▼
Fixed assets21/28€13k€11k▼
Tangible fixed assets22/27€13k€11k▼
Land and buildings22€13k€11k▼
Furniture and vehicles24€123€0▼
Financial fixed assets28€270-
Current assets29/58€1.04M€701k▼
Amounts receivable after more than one year29-€200k
Other amounts receivable291-€200k
Amounts receivable within one year40/41€761k€340k▼
Trade receivables40€624k€328k▼
Other amounts receivable41€137k€12k▼
Cash at bank and in hand54/58€273k€160k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.05M€712k▼
Equity10/15€582k€369k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€332k€132k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€129€129=
Distributable reserves133€326k€126k▼
Profit (loss) carried forward14€188k€175k▼
Amounts payable17/49€469k€343k▼
Amounts payable within one year42/48€469k€343k▼
Trade debts44€457k€129k▼
Suppliers440/4€457k€129k▼
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€8k€9k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48-€200k
Income statement
Code20242025
Remuneration, social security and pensions62€53k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€5k€1k▼
Gross operating margin9900€171k€29k▼
Operating profit (loss)9901€111k€-13k▼
Financial income75/76B€12k€886▼
Recurring financial income75€12k€886▼
Financial charges65/66B€1k€676▼
Recurring financial charges65€1k€676▼
Profit (loss) for the period before taxes9903€122k€-13k▼
Transfer from deferred taxes780€4k€0▼
Income taxes67/77€37k€26▼
Profit (loss) for the period9904€89k€-13k▼
Transfer from tax-exempt reserves789€11k€0▼
Profit (loss) for the period to be appropriated9905€100k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€188k€175k▼
Profit (loss) brought forward from the previous period14P€87k€188k▲
Transfer from equity791/2-€200k
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
Social balance
Average headcount (FTE)90871.31.0▼
The notes to these accounts (15 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €582k ▲18%
4 profitable years in a row build equity to €582k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €115k ▲22.9%
Operating result €149k, net result €115k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Back to profitnet €93k
Net result €93k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-90k ▼304%
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
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
4 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, Heusden-Zolder · 1 establishment unit since 1984
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.
Broekwinningstraat 163550 Heusden-ZolderGround area
3,624 m²
Building footprint
298 m²
Volume, LiDAR
1,335 m³
Parcel 71462E0982/00R000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Broekwinningstraat 16, 3550 Heusden-Zolder
since 19842.038.719.076
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462E0982/00R000 | Flanders | 3,624 m² | 1 · 298 m² | 7.9 m · 2 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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MACA EXPRESS INTERNATIONAL
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Vanderstukken
BE 0633.921.526
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Orbay Groep
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T F & R.
BE 0886.529.223
Peer · Eq €369k
Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 5,608 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-03-1968
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 49 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.