Equity
€69,687 from €2.5m in 2014
Equity fell by 97% in 11 years.
HELLYN
Lifetime
20 annual accounts with figures on one time axis, 39 filings since 1987peak €1.6m (2017)
€907,836▲ 11.3%
lowest -€412,377 (2023)
€14,026▲ €170,883
peak €2.5m (2014)
€69,687▲ 25.2%
€1.6m▲ 8.7%
peak 18.1 FTE (2019)
11.8 FTE▼ 16.3%
Board7 names since 2017
3 directorsCREPRETO and 2 others
Owners2 names in the annual accounts
100%CREPRETO
Documentsfilings and deeds
31-07-2026on the last day
2025abbreviated format
Back to profit: €14,026Staff from 14.1 FTE to 11.8 FTEEquity from €55,661 to €69,687
Key points
from the 2025 annual accountsResult
€14,026 €14,026
Back in profit in 2025, after a loss of €156,857 in 2024.
Debts
€1.6m 96% of the balance sheet
Financial debts 67%Suppliers 13%Taxes and wages 10%Other 11%
Of this, €1.2m falls due within a year.
Staff
11.8 FTE from 18.1 in 2019
Between 2019 and 2025, 35% of the full-time equivalents disappeared.
Filings
39 annual accounts since 1987
Three of the last ten came late. The 2019 accounts came latest: 69 days after the end of the period.
Position in the sector
4.2%
Lower solvency than 83% of companies in printing. Sector median 43.7% · 359 companies.
Checked score
66
Healthy
Financially stronger than 35% of small companies in printing (NACE 18)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 136 companies (NACE 18, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.6%● unchanged vs 12-2024
02-2025: 2.6%● unchanged vs 01-2025
03-2025: 2.6%● unchanged vs 02-2025
04-2025: 2.7%▲ +0.1 percentage points vs 03-2025
05-2025: 2.7%● unchanged vs 04-2025
06-2025: 2.7%● unchanged vs 05-2025
07-2025: 2.9%▲ +0.2 percentage points vs 06-2025highest value
08-2025: 2.3%▼ -0.6 percentage points vs 07-2025
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 2.3%● unchanged vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.3%● unchanged vs 12-2025
02-2026: 2.4%▲ +0.1 percentage points vs 01-2026
03-2026: 2.4%● unchanged vs 02-2026
04-2026: 2.4%● unchanged vs 03-2026
05-2026: 2.4%● unchanged vs 04-2026
06-2026: 2.6%▲ +0.2 percentage points vs 05-2026
07-2026: 2.6%● unchanged vs 06-2026
08-2026: 1.0%▼ -1.6 percentage points vs 07-2026lowest value
09-2026: 1.0%● unchanged vs 08-2026lowest value
10-2026: 1.0%● unchanged vs 09-2026lowest value
11-2026: 1.0%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €69,687 (4.2% of total assets)
Size: 11.8 FTE, total assets €1.7m
Sector: Printing and reproduction of recorded media (NACE 18)
lowers risk
Founded in 1986
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 (NACE 18, small). It does better than 9% of them on solvency, 8% on liquidity, 29% on profitability and 92% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,217 companies had the same profile as HELLYN has now. Each dot stands for 4 companies, two years later.
96.0%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
That fits the bankruptcy probability of HELLYN itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,448 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 1,217 companies, not a prediction for HELLYN. 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.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.06 (1.12 in 2024), below the usual 1.5. Short-term debt is 72.3% and cash 4.8% of total assets. 95.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 359 sector peers (2025).
NBB · sector comparisonPosition among 359 sector peers
Solvency
better than 16%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
27 days late
2022
17 days early
2021
2 days early
2020
26 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% 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 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
IP
INDUSTRIAL PACKAGING SOLUTIONS
Manager, Tom DU CAJU, since 05-01-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0430130365
1 director resigning
ASELTE (director) · Permanent representatives: Jan HELLYN, Emmanuel BUYCK and Mieke Hellyn · General meeting of 08-07-2024 · Gazette deed
Registered office moved from Wielsbeke to Meulebeke
New registered office: Ambachtenlaan 43, 8760 Meulebeke · Previous registered office: Ooigemstraat 22, 8710 WIELSBEKE · Permanent representative: Geert CASSELMAN · Board meeting of 11-02-2022 · Gazette deed
Company renamed from HELLYN KARTONNAGE to HELLYN
“De uitvoering en fabricatie (kleven,tegenkleven,lamineren) van alle presentatiemiddelen,hoofdzakelijk uit…” (deed in Dutch) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HELLYN Tielt | €1.7m | €0.9m | 4.2% | 11.8 |
| DRUKKERIJ PATTYN Veurne | €2.1m | €1.0m | 29.8% | 10.9 |
| REPRODUCT Ghent | €1.3m | €0.9m | 10.8% | 8.6 |
| DRUKKERIJ JANSEN Bilzen-Hoeselt | €2.2m | €1.2m | 54.1% | 9.7 |
| CRAENEN Herent | €2.3m | €1.0m | 31.6% | 16.7 |
| Goed Gedrukt Schoten | €1.2m | €1.1m | 56.6% | 15.7 |
| DRUKKERIJ BAETé Puurs-Sint-Amands | €1.4m | €1.2m | 76.2% | 17.4 |
These companies have the same main activity as HELLYN: other printing (NACE 18120). They are comparable in size and age: total assets between €1.2m and €2.3m, founded between 1986 and 1995.
Official details
Source: KBO- Status
- Active since 30-12-1986Normal situation
- Activity
- Other printingNACE 18120and 1 other
- Joint committees
- 136Paper and cardboard processing
- 222White-collar workers in paper and cardboard processing · annual accounts 2025
- Establishment unit
- 2.238.318.5508760 Tielt, since 15-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- ≈ €2.1mestimated
- €1.7m▲ 9.4%
- Employeeson 31-12-2025
- 12▼ 14.3%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Companies linked to HELLYN
Parent and group
Insights on HELLYN
HELLYN files the abbreviated format. That format states no turnover. The gross margin fell from €1.4m in 2006 to €907,836 in 2025.
CREPRETO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HELLYN
- What is the company number of HELLYN?
- The company number of HELLYN is 0430.130.365. The VAT number is the same number with BE in front: BE 0430.130.365.
- Where is HELLYN based?
- The registered office is at Ambachtenlaan 43, 8760 Tielt.Company details
- What does HELLYN do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of HELLYN?
- HELLYN is a private limited company (BV).
- When was HELLYN founded?
- HELLYN was founded on 30-12-1986.
- Is HELLYN still active?
- Yes, HELLYN is an active enterprise in the KBO register.
- How many employees does HELLYN have?
- HELLYN had an average of 11.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HELLYN fall under?
- In its 2025 annual accounts, HELLYN states joint committees 136 (Paper and cardboard processing) and 222 (White-collar workers in paper and cardboard processing).
- What is the turnover of HELLYN?
- The turnover in financial year 2025 is ≈ €2.1m. This figure is estimated from the gross margin of €907,836 and 2,274 comparable companies of the same size. It probably lies between €1.3m and €3.6m. It is a rough estimate.
- Is HELLYN profitable?
- In financial year 2025, HELLYN made a profit of €14,026.
- Where can I find the annual accounts of HELLYN?
- HELLYN filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HELLYN due?
- HELLYN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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