Financials
- Fiscal year
- 2025
- Total assets
- €1.3m
- Profit
- €51,640
- Solvency
- 16.0%
Total assets▼ 7.1%
Net result
20182025
HELMA WORK
ActiveSummary
HELMA WORK has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211,824 and a net result of €51,640. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
How big
€1.3mtotal assets 2025
- Equity
- €211,824
- Profit
- €51,640
Turnover not published (abridged schema)
Who decides
Accounts filed 28 d late0 of 2 deeds read
Why 88- Latest accounts 28 days late; 1 of the last 3 late- Liquidity: current ratio 0.40, cash €41,825, halved+ Size: total assets €1.3m+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 58% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
41+5
equity 16.0% of total assets
Liquidity
50=
short-term debt 16.7% · cash 3.2%
Profitability
74-4
return on assets 3.9%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €1.3m lowers the probability for this profile
- Latest accounts 28 days late; 1 of the last 3 late raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Liquidity: current ratio 0.40, cash €41,825, halved raises the probability
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.49 in 2024; short-term debt: 16.7% and cash: 3.2% of total assets), and 84% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 36%, liquidity 47%, profitability 67%, growth against the median 81%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €211,824
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
28 d late
2024
30 d late
2023
43 d late
2022
22 d late
2021
31 d late
2020
31 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Equity above €200,000Eq €211,824 ▲32.2%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2018
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 31-12-2025Equity above €200,000
- 30-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 13-01-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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