Summary
HELLINX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €649,913 and a net result of €16,949. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 63% of 6617 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 company by equity in Herselt, Finance and insurance sector#7 oldest company in Herselt, Finance and insurance sector#10 company by total assets in Herselt, Finance and insurance sector
Equity
€649,913▲ 2.7%
2024 · €632,964
Net result
€16,949▲ 203%
2024 · €5,599
Total assets
€996,872▲ 1.9%
2024 · €978,617
Solvency
65.2%▲ 0.5pp
2024 · 64.7%
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024 and is the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€47,558
2025
Net result€16,949
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€996,872
2025
Equity€649,913
2025
Debt€346,958
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€235,460
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency65.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.27
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€36,467-€26,620▼ 27.0%€20,855▼ 21.7%€17,266▼ 17.2%€6,638▼ 61.6%€2,296▼ 65.4%€31,587▲ 1,276%€47,558▲ 50.6%
Net result€15,488-€8,368▼ 46.0%€7,303within the sector's middle half▼ 12.7%€4,565within the sector's middle half▼ 37.5%-€3,702below the sector's middle half-€13,675below the sector's middle half▼ 269%€5,599within the sector's middle half€16,949within the sector's middle half▲ 203%
Equity€624,506-€632,874▲ 1.3%€640,177above the sector's middle half▲ 1.2%€644,742above the sector's middle half▲ 0.7%€641,041above the sector's middle half▼ 0.6%€627,366above the sector's middle half▼ 2.1%€632,964above the sector's middle half▲ 0.9%€649,913within the sector's middle half▲ 2.7%
Total assets€936,287-€900,887▼ 3.8%€911,538above the sector's middle half▲ 1.2%€924,183above the sector's middle half▲ 1.4%€901,123above the sector's middle half▼ 2.5%€961,035above the sector's middle half▲ 6.6%€978,617above the sector's middle half▲ 1.8%€996,872within the sector's middle half▲ 1.9%
Debt€311,781-€268,013▼ 14.0%€271,361▲ 1.2%€279,441▲ 3.0%€260,083▼ 6.9%€333,670▲ 28.3%€345,653▲ 3.6%€346,958▲ 0.4%
Working capital-€226,634--€220,751▲ 2.6%-€216,733below the sector's middle half▲ 1.8%-€211,823below the sector's middle half▲ 2.3%-€216,281below the sector's middle half▼ 2.1%-€291,313below the sector's middle half▼ 34.7%-€262,930below the sector's middle half▲ 9.7%-€235,460below the sector's middle half▲ 10.4%
Solvency66.7%-70.3%▲ 3.5pp70.2%within the sector's middle half=69.8%within the sector's middle half▼ 0.5pp71.1%within the sector's middle half▲ 1.4pp65.3%within the sector's middle half▼ 5.9pp64.7%within the sector's middle half▼ 0.6pp65.2%within the sector's middle half▲ 0.5pp
Current ratio0.23-0.13▼ 0.100.17below the sector's middle half▲ 0.040.21below the sector's middle half▲ 0.040.13below the sector's middle half▼ 0.080.08below the sector's middle half▼ 0.050.18below the sector's middle half▲ 0.100.27below the sector's middle half▲ 0.10
Return on assets (ROA)1.7%-0.9%▼ 0.7pp0.8%within the sector's middle half▼ 0.1pp0.5%below the sector's middle half▼ 0.3pp-0.4%below the sector's middle half▼ 0.9pp-1.4%below the sector's middle half▼ 1.0pp0.6%below the sector's middle half▲ 2.0pp1.7%within the sector's middle half▲ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €996,872
Fixed assets
€907,594 ▼ 1.5%
Current assets
€89,278 ▲ 55.1%
Equity and liabilities €996,872
Equity
€649,913 ▲ 2.7%
Debt
€346,958 ▲ 0.4%
Debt's share of the balance-sheet total falls from 35.3% to 34.8%. Equity and debt are higher.
Key figures and ratios
ROE
2.6%▲
2024 · 0.9%
Debt ≤ 1 year
€324,738▲
2024 · €320,490
Income taxes
€8,137▲
2024 · €761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,709 | €344 | €344 | - | - | €347 | €13,464 | €13,464 | = |
| Other operating charges640/8 | - | - | - | €327 | €254 | €784 | €147 | €186 | ▲ 26.4% |
| Gross operating margin9900 | €41,318 | €27,160 | €21,588 | €17,593 | €6,892 | €3,428 | €45,198 | €61,208 | ▲ 35.4% |
| Operating profit (loss)9901 | €36,467 | €26,620 | €20,855 | €17,266 | €6,638 | €2,296 | €31,587 | €47,558 | ▲ 50.6% |
| Financial income75/76B | - | - | - | - | €1 | €4 | €5 | €5 | ▼ 2.6% |
| Recurring financial income75 | - | - | €0 | - | €1 | €4 | €5 | €5 | ▼ 2.6% |
| Financial charges65/66B | - | - | - | €10,397 | €10,229 | €15,846 | €25,233 | €22,478 | ▼ 10.9% |
| Recurring financial charges65 | €16,282 | €15,532 | €10,375 | €10,397 | €10,229 | €15,846 | €25,233 | €22,478 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | €20,186 | €11,087 | €10,481 | €6,869 | -€3,590 | -€13,546 | €6,360 | €25,086 | ▲ 294% |
| Income taxes67/77 | €4,697 | €2,719 | €3,177 | €2,304 | €112 | €129 | €761 | €8,137 | ▲ 969% |
| Profit (loss) for the period9904 | €15,488 | €8,368 | €7,303 | €4,565 | -€3,702 | -€13,675 | €5,599 | €16,949 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | €15,488 | €8,368 | €7,303 | €4,565 | -€3,702 | -€13,675 | €5,599 | €16,949 | ▲ 203% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €936,287 | €900,887 | €911,538 | €924,183 | €901,123 | €961,035 | €978,617 | €996,872 | ▲ 1.9% |
| Fixed assets21/28 | €868,238 | €867,894 | €867,550 | €867,550 | €867,550 | €934,521 | €921,057 | €907,594 | ▼ 1.5% |
| Tangible fixed assets22/27 | €688 | €344 | - | - | - | €66,971 | €53,507 | €40,044 | ▼ 25.2% |
| Furniture and vehicles24 | - | - | - | - | - | €66,971 | €53,507 | €40,044 | ▼ 25.2% |
| Financial fixed assets28 | €867,550 | €867,550 | €867,550 | €867,550 | €867,550 | €867,550 | €867,550 | €867,550 | = |
| Current assets29/58 | €68,049 | €32,993 | €43,988 | €56,633 | €33,573 | €26,514 | €57,560 | €89,278 | ▲ 55.1% |
| Amounts receivable within one year40/41 | €48,866 | €21,553 | €21,752 | €24,866 | €8,084 | €8,717 | €8,173 | €61,396 | ▲ 651% |
| Other amounts receivable41 | - | - | - | €24,866 | €8,084 | €8,717 | €8,173 | €61,396 | ▲ 651% |
| Cash at bank and in hand54/58 | €19,183 | €11,440 | €21,060 | €30,575 | €24,293 | €16,610 | €47,293 | €27,310 | ▼ 42.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,192 | €1,196 | €1,187 | €2,094 | €571 | ▼ 72.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €936,287 | €900,887 | €911,538 | €924,183 | €901,123 | €961,035 | €978,617 | €996,872 | ▲ 1.9% |
| Equity10/15 | €624,506 | €632,874 | €640,177 | €644,742 | €641,041 | €627,366 | €632,964 | €649,913 | ▲ 2.7% |
| Contributions10/11 | €315,800 | €315,800 | - | €315,800 | €315,800 | €315,800 | €315,800 | €315,800 | = |
| Reserves13 | €1,860 | €1,860 | €9,160 | €13,725 | €13,725 | €13,725 | €19,324 | €36,273 | ▲ 87.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €11,865 | €11,865 | €13,725 | €19,324 | €36,273 | ▲ 87.7% |
| Profit (loss) carried forward14 | €306,846 | €315,214 | €315,217 | €315,217 | €311,516 | €297,841 | €297,841 | €297,841 | = |
| Amounts payable17/49 | €311,781 | €268,013 | €271,361 | €279,441 | €260,083 | €333,670 | €345,653 | €346,958 | ▲ 0.4% |
| Amounts payable after more than one year17 | €5,482 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €294,682 | €253,744 | €260,720 | €268,457 | €249,854 | €317,827 | €320,490 | €324,738 | ▲ 1.3% |
| Trade debts44 | €485 | €361 | €228 | €1,990 | €2,749 | €0 | €2,027 | €1,489 | ▼ 26.6% |
| Suppliers440/4 | - | - | - | €1,990 | €2,749 | €0 | €2,027 | €1,489 | ▼ 26.6% |
| Taxes, remuneration and social security45 | - | - | - | €5,017 | €5,621 | €2,809 | €5,670 | €8,342 | ▲ 47.1% |
| Taxes450/3 | - | - | - | €2,929 | €2,871 | €0 | €2,816 | €5,487 | ▲ 94.9% |
| Remuneration and social security454/9 | - | - | - | €2,088 | €2,750 | €2,809 | €2,854 | €2,854 | = |
| Other amounts payable47/48 | - | - | - | €261,449 | €241,485 | €315,018 | €312,793 | €314,907 | ▲ 0.7% |
| Accrued charges and deferred income492/3 | - | - | - | €10,985 | €10,228 | €15,842 | €25,163 | €22,221 | ▼ 11.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,488 | €8,368 | €7,303 | €4,565 | -€3,702 | -€13,675 | €5,599 | €16,949 | ▲ 203% |
| + Depreciation and write-downs630 | €4,709 | €344 | €344 | - | - | €347 | €13,464 | €13,464 | = |
| Operating cash flow (approximation) | €20,197 | €8,712 | €7,647 | €4,565 | -€3,702 | -€13,327 | €19,062 | €30,413 | ▲ 59.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€67,318 | €0 | €0 | - |
| Change in cash | - | -€7,743 | €9,620 | €9,515 | -€6,281 | -€7,683 | €30,682 | -€19,982 | ▼ 165% |
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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Of 24,719 companies in this sector we hold annual accounts for 20,196. 13,605 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector