HELMAX
InactiveHELMAX was declared bankrupt on 03-10-2024 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 05-03-2026, published in the Belgian State Gazette on 12-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-10-2024, 76 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
76 d late
2022
74 d late
2021
74 d late
2020
242 d late
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 97 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Equity
-€110,174▼ 2,127%
2022 · -€4,946
Total assets
€9,365▼ 94.1%
2022 · €158,710
Net result
-€117,628
2022 · €1,497
Working capital
-€95,948▼ 885%
2022 · -€9,740
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€8,093--€29,492€15,341€6,893▼ 55.1%-€112,671
Net result€5,986--€31,012€12,384€1,497▼ 87.9%-€117,628
Equity€12,186--€18,827-€6,443▲ 65.8%-€4,946▲ 23.2%-€110,174▼ 2,127%
Total assets€24,868-€18,601▼ 25.2%€49,999▲ 169%€158,710▲ 217%€9,365▼ 94.1%
Debt€12,682-€37,428▲ 195%€56,442▲ 50.8%€163,657▲ 190%€119,539▼ 27.0%
Working capital€11,639--€22,368-€8,393▲ 62.5%-€9,740▼ 16.0%-€95,948▼ 885%
Staff (FTE)1.62.4▲ 50.0%5.1▲ 113%4.7▼ 7.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €112,671 after €6,893 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €9,365
Fixed assets
€1,467 ▼ 69.4%
Current assets
€7,898 ▼ 94.9%
Key figures and ratios
EBITDA
-€112,154▼
2022 · €7,544
Cash flow
-€117,111▼
2022 · €2,148
Current ratio
0.08▼
2022 · 0.94
Quick ratio
0.00▼
2022 · 0.84
Debt to equity
-1.09▲
2022 · -33.09
Interest coverage
-16.47▼
2022 · 1.40
Debt ≤ 1 year
€103,846▼
2022 · €163,657
Debt > 1 year
€15,693
Income taxes
-€1,852▼
2022 · €15
Staff costs
€121,812▲
2022 · €100,828
A ratio outside any meaningful range has been withheld (balance sheet total €9,365, equity -€110,174).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €25,807 | €100,828 | €121,812 | ▲ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €203 | €387 | €460 | €651 | €517 | ▼ 20.7% |
| Other operating charges640/8 | - | - | €7,651 | €638 | €64,562 | ▲ 10,027% |
| Gross operating margin9900 | €8,736 | €9,993 | €49,259 | €109,009 | €74,220 | ▼ 31.9% |
| Operating profit (loss)9901 | €8,093 | -€29,492 | €15,341 | €6,893 | -€112,671 | ▼ 1,735% |
| Financial income75/76B | - | - | €141 | €11 | - | - |
| Recurring financial income75 | €606 | €142 | €141 | €11 | - | - |
| Financial charges65/66B | - | - | €2,565 | €5,392 | €6,809 | ▲ 26.3% |
| Recurring financial charges65 | €861 | €1,663 | €2,565 | €5,392 | €6,809 | ▲ 26.3% |
| Profit (loss) for the period before taxes9903 | €7,838 | -€31,012 | €12,917 | €1,512 | -€119,480 | ▼ 8,003% |
| Income taxes67/77 | €1,852 | - | €534 | €15 | -€1,852 | ▼ 12,431% |
| Profit (loss) for the period9904 | €5,986 | -€31,012 | €12,384 | €1,497 | -€117,628 | ▼ 7,958% |
| Profit (loss) for the period to be appropriated9905 | €5,986 | -€31,012 | €12,384 | €1,497 | -€117,628 | ▼ 7,958% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,868 | €18,601 | €49,999 | €158,710 | €9,365 | ▼ 94.1% |
| Fixed assets21/28 | €547 | €3,541 | €1,950 | €4,794 | €1,467 | ▼ 69.4% |
| Tangible fixed assets22/27 | €547 | €3,391 | €1,620 | €4,464 | €1,137 | ▼ 74.5% |
| Plant, machinery and equipment23 | - | - | €871 | €552 | €405 | ▼ 26.6% |
| Furniture and vehicles24 | - | - | - | €1,102 | €732 | ▼ 33.6% |
| Leasing and similar rights25 | - | - | €749 | €2,810 | - | - |
| Financial fixed assets28 | - | €150 | €330 | €330 | €330 | = |
| Current assets29/58 | €24,321 | €15,060 | €48,049 | €153,917 | €7,898 | ▼ 94.9% |
| Amounts receivable after more than one year29 | - | - | €25,833 | €22,721 | - | - |
| Other amounts receivable291 | - | - | €25,833 | €22,721 | - | - |
| Stocks and contracts in progress3 | €2,574 | €8,608 | €5,458 | €15,703 | €7,698 | ▼ 51.0% |
| Stocks30/36 | - | - | €5,458 | €15,703 | €7,698 | ▼ 51.0% |
| Amounts receivable within one year40/41 | €3,818 | €3,500 | €15,639 | €93,164 | - | - |
| Trade receivables40 | - | - | €15,620 | €63,898 | - | - |
| Other amounts receivable41 | - | - | €19 | €29,266 | - | - |
| Cash at bank and in hand54/58 | €10,694 | €1,044 | €1,119 | €22,197 | €166 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | - | - | - | €132 | €34 | ▼ 74.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,868 | €18,601 | €49,999 | €158,710 | €9,365 | ▼ 94.1% |
| Equity10/15 | €12,186 | -€18,827 | -€6,443 | -€4,946 | -€110,174 | ▼ 2,127% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €299 | €299 | €299 | €299 | €299 | = |
| Non-distributable reserves130/1 | - | - | €299 | €299 | €299 | = |
| Reserves not available under the articles1311 | - | - | €299 | €299 | €299 | = |
| Profit (loss) carried forward14 | €5,686 | -€25,326 | -€12,943 | -€11,446 | -€129,073 | ▼ 1,028% |
| Amounts payable17/49 | €12,682 | €37,428 | €56,442 | €163,657 | €119,539 | ▼ 27.0% |
| Amounts payable after more than one year17 | - | - | - | - | €15,693 | - |
| Other amounts payable178/9 | - | - | - | - | €15,693 | - |
| Amounts payable within one year42/48 | €12,682 | €37,428 | €56,442 | €163,657 | €103,846 | ▼ 36.5% |
| Financial debts43 | - | - | €1,275 | €10,021 | €24,373 | ▲ 143% |
| Credit institutions430/8 | - | - | €1,275 | €10,021 | €24,373 | ▲ 143% |
| Trade debts44 | €6,008 | €13,679 | €6,394 | €30,518 | €21,539 | ▼ 29.4% |
| Suppliers440/4 | - | - | €6,394 | €30,518 | €21,539 | ▼ 29.4% |
| Advances received on contracts in progress46 | - | - | €18,900 | €53,558 | - | - |
| Taxes, remuneration and social security45 | - | - | €28,405 | €68,101 | €57,934 | ▼ 14.9% |
| Taxes450/3 | - | - | €16,936 | €24,460 | €32,464 | ▲ 32.7% |
| Remuneration and social security454/9 | - | - | €11,469 | €43,640 | €25,469 | ▼ 41.6% |
| Other amounts payable47/48 | - | - | €1,468 | €1,459 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,986 | -€31,012 | €12,384 | €1,497 | -€117,628 | ▼ 7,958% |
| + Depreciation and write-downs630 | €203 | €387 | €460 | €651 | €517 | ▼ 20.7% |
| Operating cash flow (approximation) | €6,189 | -€30,625 | €12,843 | €2,148 | -€117,111 | ▼ 5,552% |
| Investment in fixed assets (approximation) | - | -€3,381 | €1,132 | -€3,495 | €2,810 | ▲ 180% |
| Change in cash | - | -€9,650 | €75 | €21,078 | -€22,031 | ▼ 205% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
12-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · event 05-03-2026
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
09-10
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 03-10-2024
2023
31-12
Financial
Weakest financial yearnet -€117,628
Net result drops to -€117,628, the lowest in the series.
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 242 days late
2021
31-12
Financial
Back to profitnet €12,384
Net result €12,384 after one loss-making year.
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE MOENS RUE DE CLAIRVAUX 40,
1348 LOUVAIN-LA-NEUVE |
03-10-2024 → 05-03-2026 |