HELMETPLUS
ActiveSummary
The computed 12-month bankruptcy probability of HELMETPLUS is 2.1% (moderate). The 2025 annual accounts show negative equity (-€808,535) and a net result of -€220,332. Equity is shrinking by ~46.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 10519 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.36 against 0.41 in 2024; short-term debt: 52% and cash: 3.1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-82%
Return on assets
-22.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€808,535
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
33 d early
2022
40 d early
2021
47 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 29 June (4 of the last 5 filed years within 61 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€808,535▼ 37.5%
2024 · -€588,204
Total assets
€985,836▲ 36.8%
2024 · €720,481
Net result
-€220,332▼ 19.6%
2024 · -€184,181
Working capital
€185,711
2024 · -€770,592
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€240,116--€202,994▲ 15.5%-€154,305▲ 24.0%-€178,174▼ 15.5%-€180,413▼ 1.3%
Net result-€241,239below the sector's middle half--€210,441below the sector's middle half▲ 12.8%-€162,343below the sector's middle half▲ 22.9%-€184,181below the sector's middle half▼ 13.5%-€220,332below the sector's middle half▼ 19.6%
Equity-€31,239below the sector's middle half--€241,680below the sector's middle half▼ 674%-€404,023below the sector's middle half▼ 67.2%-€588,204below the sector's middle half▼ 45.6%-€808,535below the sector's middle half▼ 37.5%
Total assets€313,186within the sector's middle half-€260,036within the sector's middle half▼ 17.0%€180,442within the sector's middle half▼ 30.6%€720,481above the sector's middle half▲ 299%€985,836within the sector's middle half▲ 36.8%
Debt€344,425-€501,716▲ 45.7%€584,465▲ 16.5%€1.3m▲ 124%€1.8m▲ 37.1%
Working capital€106,516above the sector's middle half--€149,353below the sector's middle half-€359,353below the sector's middle half▼ 141%-€770,592below the sector's middle half▼ 114%€185,711within the sector's middle half
Solvency-10.0%below the sector's middle half--92.9%below the sector's middle half▼ 83.0pp-223.9%below the sector's middle half▼ 131.0pp-81.6%below the sector's middle half▲ 142.3pp-82.0%below the sector's middle half▼ 0.4pp
Current ratio1.55within the sector's middle half-0.63below the sector's middle half▼ 0.920.33below the sector's middle half▼ 0.300.41below the sector's middle half▲ 0.081.36within the sector's middle half▲ 0.95
Return on assets (ROA)-77.0%below the sector's middle half--80.9%below the sector's middle half▼ 3.9pp-90.0%below the sector's middle half▼ 9.0pp-25.6%below the sector's middle half▲ 64.4pp-22.3%below the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €180,413 in 2025 against €178,174 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €985,836
Fixed assets
€287,561 ▲ 57.7%
Current assets
€698,275 ▲ 29.8%
Key figures and ratios
EBITDA
-€147,286▲
2024 · -€161,194
Cash flow
-€187,204▼
2024 · -€167,201
Quick ratio
0.56▲
2024 · 0.09
Debt to equity
-2.22▲
2024 · -2.22
Interest coverage
-3.47▲
2024 · -14.79
Debt ≤ 1 year
€512,563▼
2024 · €1.3m
Debt > 1 year
€1.3m▲
2024 · €0
Income taxes
€16▼
2024 · €182
Staff costs
€1,487
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 563 companies that looked in July 2024 the way this one looks now, 6.0% went bankrupt within 24 months and 87% are still going.
- Small
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
6.0%
went bankrupt
4.6%
stopped otherwise
87%
still going
A further 2.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 563 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €1,487 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,808 | €3,011 | €3,011 | €16,980 | €33,128 | ▲ 95.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€650 | - |
| Other operating charges640/8 | €5,145 | €540 | €3,901 | €10,159 | €3,037 | ▼ 70.1% |
| Gross operating margin9900 | -€232,163 | -€199,444 | -€147,394 | -€151,035 | -€143,412 | ▲ 5.0% |
| Operating profit (loss)9901 | -€240,116 | -€202,994 | -€154,305 | -€178,174 | -€180,413 | ▼ 1.3% |
| Financial income75/76B | - | - | €599 | €5,075 | €2,545 | ▼ 49.8% |
| Recurring financial income75 | - | - | €599 | €5,075 | €2,545 | ▼ 49.8% |
| Financial charges65/66B | €856 | €7,192 | €8,346 | €10,900 | €42,447 | ▲ 289% |
| Recurring financial charges65 | €856 | €7,192 | €8,346 | €10,900 | €42,447 | ▲ 289% |
| Profit (loss) for the period before taxes9903 | -€240,972 | -€210,186 | -€162,052 | -€183,999 | -€220,315 | ▼ 19.7% |
| Income taxes67/77 | €268 | €254 | €292 | €182 | €16 | ▼ 91.0% |
| Profit (loss) for the period9904 | -€241,239 | -€210,441 | -€162,343 | -€184,181 | -€220,332 | ▼ 19.6% |
| Profit (loss) for the period to be appropriated9905 | -€241,239 | -€210,441 | -€162,343 | -€184,181 | -€220,332 | ▼ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €313,186 | €260,036 | €180,442 | €720,481 | €985,836 | ▲ 36.8% |
| Fixed assets21/28 | €12,245 | €9,234 | €6,224 | €182,388 | €287,561 | ▲ 57.7% |
| Intangible fixed assets21 | - | - | - | €1,313 | €7,059 | ▲ 438% |
| Tangible fixed assets22/27 | €12,245 | €9,234 | €6,224 | €181,076 | €280,502 | ▲ 54.9% |
| Plant, machinery and equipment23 | - | - | - | €5,777 | €4,408 | ▼ 23.7% |
| Furniture and vehicles24 | €12,245 | €9,234 | €6,224 | €91,355 | €80,820 | ▼ 11.5% |
| Other tangible fixed assets26 | - | - | - | €83,944 | €195,274 | ▲ 133% |
| Current assets29/58 | €300,941 | €250,802 | €174,218 | €538,093 | €698,275 | ▲ 29.8% |
| Stocks and contracts in progress3 | €97,407 | €184,675 | €147,208 | €415,681 | €410,303 | ▼ 1.3% |
| Stocks30/36 | €97,407 | €184,675 | €147,208 | €415,681 | €410,303 | ▼ 1.3% |
| Amounts receivable within one year40/41 | €46,626 | €54,866 | €23,422 | €117,416 | €253,949 | ▲ 116% |
| Trade receivables40 | €2,072 | €37,800 | €17,256 | €103,075 | €218,064 | ▲ 112% |
| Other amounts receivable41 | €44,553 | €17,066 | €6,166 | €14,340 | €35,885 | ▲ 150% |
| Cash at bank and in hand54/58 | €151,847 | €6,844 | €1,566 | €2,838 | €30,861 | ▲ 987% |
| Deferred charges and accrued income490/1 | €5,062 | €4,416 | €2,023 | €2,158 | €3,162 | ▲ 46.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €313,186 | €260,036 | €180,442 | €720,481 | €985,836 | ▲ 36.8% |
| Equity10/15 | -€31,239 | -€241,680 | -€404,023 | -€588,204 | -€808,535 | ▼ 37.5% |
| Contributions10/11 | €210,000 | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Capital10 | €210,000 | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Issued capital100 | €210,000 | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Profit (loss) carried forward14 | -€241,239 | -€451,680 | -€614,023 | -€798,204 | -€1.0m | ▼ 27.6% |
| Amounts payable17/49 | €344,425 | €501,716 | €584,465 | €1.3m | €1.8m | ▲ 37.1% |
| Amounts payable after more than one year17 | €150,000 | €100,888 | €50,893 | €0 | €1.3m | - |
| Financial debts170/4 | €150,000 | €100,888 | €50,893 | €0 | €1.3m | - |
| Amounts payable within one year42/48 | €194,425 | €400,155 | €533,572 | €1.3m | €512,563 | ▼ 60.8% |
| Current portion of amounts payable after more than one year42 | - | €49,112 | €54,121 | €50,893 | €0 | ▼ 100% |
| Financial debts43 | - | €125,000 | €25,000 | €125,000 | €125,000 | = |
| Credit institutions430/8 | - | €125,000 | €25,000 | €125,000 | €125,000 | = |
| Trade debts44 | €143,255 | €94,499 | €5,313 | €91,064 | €333,869 | ▲ 267% |
| Suppliers440/4 | €143,255 | €94,499 | €5,313 | €91,064 | €333,869 | ▲ 267% |
| Taxes, remuneration and social security45 | €268 | €271 | €292 | €23,205 | €53,694 | ▲ 131% |
| Taxes450/3 | €268 | €271 | €292 | €23,205 | €47,661 | ▲ 105% |
| Remuneration and social security454/9 | - | - | - | - | €6,033 | - |
| Other amounts payable47/48 | €50,903 | €131,272 | €448,846 | €1.0m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €673 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€241,239 | -€210,441 | -€162,343 | -€184,181 | -€220,332 | ▼ 19.6% |
| + Depreciation and write-downs630 | €2,808 | €3,011 | €3,011 | €16,980 | €33,128 | ▲ 95.1% |
| Operating cash flow (approximation) | -€238,431 | -€207,430 | -€159,333 | -€167,201 | -€187,204 | ▼ 12.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€193,145 | -€138,300 | ▲ 28.4% |
| Change in cash | - | -€145,003 | -€5,279 | €1,272 | €28,023 | ▲ 2,102% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 1.36
Current ratio from 0.41 to 1.36; short-term debt falls from €1.3m to €512,563.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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
Registered office, Roeselare · 1 establishment unit since 2020
Ground area
160 m²
Building footprint
47 m²
Volume, LiDAR
245 m³
Parcel 36503C1375/00D003, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HELMETPLUS
since 20202.311.974.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1375/00D003indicative | Flanders | 160 m² | 1 · 47 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
HUNGENAERT
BE 0418.250.142
Roeselare
S-DEFORCE
BE 0898.859.408
Roeselare
SELECTA
BE 0423.410.542
Roeselare
WEST-FLANDERS MOTORBIKES
BE 0892.900.440
Roeselare
1STORE
BE 0761.633.904
Wingene
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,127 companies in sector 47830 we hold annual accounts for 467. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46495Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
46496Wholesale trade
47639Retail sale of other sporting goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759740820
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.