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HELLOGEST

Active
Private limited companyfounded 2021active for 5 yearsRue des Ecoles, Mesnil-St-Blaise 5, 5560 Houyet, BelgiumKBO/BCE: BE 0765.924.272
Summary

HELLOGEST has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,363 and a net result of €65,761. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Real estate agency activities
NACE 68310Development of residential building projects NACE 68121
1 site
Size
≈ €230,000turnover 2025, estimated
Staff
1 FTE
Equity
€40,363
Profit
€65,761
Turnover estimated from the gross margin
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
2025 accounts 7 days early1 deed in the Belgian Official Gazette
Why 97raises riskEquity €40,363 (9.7% of total assets)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 3.35, cash €176,829Size: total assets €414,755Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 75% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Strong
Solvency 35+35
equity 9.7% of total assets
Liquidity 89+69
short-term debt 28.2% · cash 42.6%
Profitability 84+84
return on assets 15.9%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,631 companies, NACE 68, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.5%▼ -0.1 percentage points vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.1 percentage points vs 09-2025highest value 11-2025: 1.1%● unchanged vs 10-2025highest value 12-2025: 1.1%● unchanged vs 11-2025highest value 01-2026: 1.0%▼ -0.1 percentage points vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.0%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.9 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity ample (current ratio 3.35, compared with 0.65 in 2024, above the usual 1.5; short-term debt: 28.2% and cash: 42.6% of total assets), but 90.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 68, micro): better than 31% on solvency, 91% on liquidity, 81% on profitability and 96% on growth.

The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Liquidity: current ratio 3.35, cash €176,829
NBB · annual accounts
lowers risk · Size: total assets €414,755
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €40,363 (9.7% of total assets)
NBB · annual accounts
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 24-07-2026, 7 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
7 days early
2024
29 days late
2023
9 days late
2022
24 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 14 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Back to profitnet €65,761
  3. Liquidity more than 5 timescurrent ratio 3.35

Financials · financial year 2025, micro format

Turnover
≈ €230,000
Estimated: probably between €190,000 and €360,000
Total assets
€414,755▲ 447%
2024 · €75,803
Net result
€65,761
2024 · -€16,446
Working capital
€274,882
2024 · -€19,736
Trend over the years

2022 to 2025, 4 financial years

The operating result returns to profit in 2025: €83,627 after a loss of €11,634 in 2024, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€83,627 2025 Net result€65,761 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line2022202320242025
Operating result€10,029--€14,334-€11,634▲ 18.8%€83,627
Net result€7,460within the sector's middle half--€17,413below the sector's middle half-€16,446below the sector's middle half▲ 5.6%€65,761above the sector's middle half
Equity€8,460below the sector's middle half--€8,953below the sector's middle half-€25,398below the sector's middle half▼ 184%€40,363within the sector's middle half
Total assets€55,453below the sector's middle half-€91,720below the sector's middle half▲ 65.4%€75,803below the sector's middle half▼ 17.4%€414,755within the sector's middle half▲ 447%
Debt€46,992-€100,672▲ 114%€101,201▲ 0.5%€374,392▲ 270%
Working capital€2,086within the sector's middle half--€6,761within the sector's middle half-€19,736within the sector's middle half▼ 192%€274,882above the sector's middle half
Solvency15.3%within the sector's middle half--9.8%below the sector's middle half▼ 25.0pp-33.5%below the sector's middle half▼ 23.7pp9.7%within the sector's middle half▲ 43.2pp
Current ratio1.11within the sector's middle half-0.86within the sector's middle half▼ 0.250.65within the sector's middle half▼ 0.213.35above the sector's middle half▲ 2.70
Return on assets (ROA)13.5%above the sector's middle half--19.0%below the sector's middle half▼ 32.4pp-21.7%below the sector's middle half▼ 2.7pp15.9%above the sector's middle half▲ 37.6pp
Staff (FTE)0.91▲ 11.1%1=
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414,755
Fixed assets €22,890 ▼ 41.7%
Current assets €391,866 ▲ 972%
Equity and liabilities €414,755
Equity €40,363
Debt €374,392
Debt finances 90.3% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€93,449▲
2024 · -€2,209
Cash flow
€75,583▲
2024 · -€7,021
Quick ratio
1.99▲
2024 · 0.34
Debt to equity
9.28
ROE
162.9%
Interest coverage
5.50▲
2024 · -0.45
Debt ≤ 1 year
€116,984▲
2024 · €56,291
Debt > 1 year
€257,409▲
2024 · €44,910
Income taxes
€1,158
Staff costs
€39,130▲
2024 · €25,438
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96.1% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96.1% still going

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,153 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 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€75,803€414,755▲
Fixed assets21/28€39,247€22,890▼
Tangible fixed assets22/27€39,139€22,782▼
Furniture and vehicles24-€1,118
Leasing and similar rights25€31,089€21,664▼
Assets under construction and advance payments27€8,050-
Financial fixed assets28€108€108=
Current assets29/58€36,555€391,866▲
Stocks and contracts in progress3€17,443€159,286▲
Stocks30/36€17,443€788▼
Contracts in progress37-€158,498
Amounts receivable within one year40/41€12,743€54,821▲
Trade receivables40€11,207€54,252▲
Other amounts receivable41€1,537€569▼
Cash at bank and in hand54/58€6,284€176,829▲
Deferred charges and accrued income490/1€85€931▲
Equity and liabilities
Total equity and liabilities10/49€75,803€414,755▲
Equity10/15-€25,398€40,363▲
Contributions10/11€1,000€1,000=
Reserves13€7,460€39,363▲
Distributable reserves133€7,460€39,363▲
Profit (loss) carried forward14-€33,859-
Amounts payable17/49€101,201€374,392▲
Amounts payable after more than one year17€44,910€257,409▲
Financial debts170/4€44,910€257,409▲
Amounts payable within one year42/48€56,291€116,984▲
Current portion of amounts payable after more than one year42€16,762€18,097▲
Trade debts44€17,563€30,632▲
Suppliers440/4€17,563€30,632▲
Taxes, remuneration and social security45€3,861€52,706▲
Taxes450/3€687€46,553▲
Remuneration and social security454/9€3,174€6,153▲
Other amounts payable47/48€18,104€15,548▼
Income statement Code20242025
Remuneration, social security and pensions62€25,438€39,130▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,425€9,822▲
Other operating charges640/8€187€313▲
Non-recurring operating charges66A€993-
Gross operating margin9900€24,408€132,891▲
Operating profit (loss)9901-€11,634€83,627▲
Financial income75/76B€60€278▲
Recurring financial income75€60€278▲
Financial charges65/66B€4,871€16,985▲
Recurring financial charges65€4,871€16,985▲
Profit (loss) for the period before taxes9903-€16,446€66,920▲
Income taxes67/77-€1,158
Profit (loss) for the period9904-€16,446€65,761▲
Profit (loss) for the period to be appropriated9905-€16,446€65,761▲
Appropriation of the result
Profit (loss) to be appropriated9906-€33,859€31,903▲
Profit (loss) brought forward from the previous period14P-€17,413-€33,859▼
Transfer to equity691/2-€31,903
To other reserves6921-€31,903

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A-€1---
Remuneration, social security and pensions62-€19,006€25,438€39,130▲ 53.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,323€6,610€9,425€9,822▲ 4.2%
Other operating charges640/8€149€1,038€187€313▲ 66.9%
Non-recurring operating charges66A-€6,559€993--
Gross operating margin9900€12,501€18,879€24,408€132,891▲ 444%
Operating profit (loss)9901€10,029-€14,334-€11,634€83,627-
Financial income75/76B€1,314€442€60€278▲ 364%
Recurring financial income75€1,314€442€60€278▲ 364%
Financial charges65/66B€617€3,521€4,871€16,985▲ 249%
Recurring financial charges65€617€3,521€4,871€16,985▲ 249%
Profit (loss) for the period before taxes9903€10,726-€17,413-€16,446€66,920-
Income taxes67/77€3,266--€1,158-
Profit (loss) for the period9904€7,460-€17,413-€16,446€65,761-
Profit (loss) for the period to be appropriated9905€7,460-€17,413-€16,446€65,761-
Line2022202320242025Change
Assets
Total assets20/58€55,453€91,720€75,803€414,755▲ 447%
Fixed assets21/28€34,859€48,672€39,247€22,890▼ 41.7%
Tangible fixed assets22/27€34,859€48,564€39,139€22,782▼ 41.8%
Furniture and vehicles24€34,859--€1,118-
Leasing and similar rights25-€40,514€31,089€21,664▼ 30.3%
Assets under construction and advance payments27-€8,050€8,050--
Financial fixed assets28-€108€108€108=
Current assets29/58€20,593€43,048€36,555€391,866▲ 972%
Stocks and contracts in progress3--€17,443€159,286▲ 813%
Stocks30/36--€17,443€788▼ 95.5%
Contracts in progress37---€158,498-
Amounts receivable within one year40/41€7,808€8,242€12,743€54,821▲ 330%
Trade receivables40€7,752€8,075€11,207€54,252▲ 384%
Other amounts receivable41€56€167€1,537€569▼ 63.0%
Current investments50/53-€0---
Cash at bank and in hand54/58€12,540€34,090€6,284€176,829▲ 28×
Deferred charges and accrued income490/1€246€716€85€931▲ 995%
Equity and liabilities
Total equity and liabilities10/49€55,453€91,720€75,803€414,755▲ 447%
Equity10/15€8,460-€8,953-€25,398€40,363-
Contributions10/11€1,000€1,000€1,000€1,000=
Reserves13€7,460€7,460€7,460€39,363▲ 428%
Distributable reserves133€7,460€7,460€7,460€39,363▲ 428%
Profit (loss) carried forward14--€17,413-€33,859--
Amounts payable17/49€46,992€100,672€101,201€374,392▲ 270%
Amounts payable after more than one year17€28,485€50,863€44,910€257,409▲ 473%
Financial debts170/4€28,485€50,863€44,910€257,409▲ 473%
Amounts payable within one year42/48€18,507€49,809€56,291€116,984▲ 108%
Current portion of amounts payable after more than one year42€6,988€19,155€16,762€18,097▲ 8.0%
Trade debts44€5,676€2,627€17,563€30,632▲ 74.4%
Suppliers440/4€5,676€2,627€17,563€30,632▲ 74.4%
Taxes, remuneration and social security45€4,274€8,384€3,861€52,706▲ 14×
Taxes450/3€4,274€6,008€687€46,553▲ 68×
Remuneration and social security454/9-€2,376€3,174€6,153▲ 93.9%
Other amounts payable47/48€1,569€19,642€18,104€15,548▼ 14.1%
Line2022202320242025Change
Profit (loss) for the period9904€7,460-€17,413-€16,446€65,761-
+ Depreciation and write-downs630€2,323€6,610€9,425€9,822▲ 4.2%
Operating cash flow (approximation)€9,783-€10,803-€7,021€75,583-
Investment in fixed assets (approximation)--€20,423€0€6,536-
Change in cash-€21,550-€27,805€170,544-

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

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 micro format 24-07-2026 2026-00342688
31-12-2024 micro format 29-08-2025 2025-00460915
31-12-2023 micro format 09-08-2024 2024-00350368
31-12-2022 micro format 24-08-2023 2023-00371728

Similar companies · same sector, comparable size

Of the 11,698 active companies whose main activity is real estate agency activities (NACE 68310), figures are known for 7,110. 4,854 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 31 March 2021, HELLOGEST was incorporated as a private limited company.1 Total assets went from €55,453 in 2022 to €414,755 in 2025 and headcount from 0.9 full-time equivalents in 2023 to 1 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2022, 2023 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial Back to profitnet €65,761
Net result €65,761 after 2 loss-making years.
31-12
Financial Liquidity more than 5 timescurrent ratio 3.35
Current ratio from 0.65 to 3.35.
29-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 29 days late
2024
09-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 9 days late
2023
31-12
Financial Weakest financial yearnet -€17,413
Net result drops to -€17,413, the lowest in the series; recovery starts the following year.
24-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded31-03-2021
Financial year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
41001General construction of residential buildings
42990Civil engineering
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
Contact
E-mail julian.rosiere@hellogest.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765924272
Also 9925:BE0765924272
Registered 04-08-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0765.924.272

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Houyet · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
279 m²
Building footprint
79 m²
Parcel 91090A1348/02F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Hellogest SRL
Rue des Ecoles, Mesnil-St-Blaise 5, 5560 HouyetGeneral construction of residential buildings
since 2021unit no. 2.318.547.943
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
91090A1348/02F000 Wallonia 279 m² 1 · 79 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.