Helmgras Holding

Active

Public limited companyfounded 20214 yrs activeVredestraat 53, 8790 Waregem, BelgiumKBO/BCE: BE 0774.602.507

Summary

The computed 12-month bankruptcy probability of Helmgras Holding is 2.2% (moderate). The 2025 annual accounts show equity of €1.34M and a net result of €-600k. Equity is growing by ~236.3% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability25▲+10

Solvency36▲+11

Growth52▲+20

Track record94

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €55k at 30 days only on tighter terms

Liquidity ample (current ratio 46.31 against 62.84 in 2024; short-term debt: 0.1% and cash: 3% of total assets), but 88.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

47 d early

2024

43 d early

2023

7 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close24-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-600k▼ 66.6%

2024 · €-360k

2023: €-4k 2024: €-360k

2023 → 2025

Working capital

€503k▲ 4.0%

2024 · €484k

2024: €484k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€233k-€-14k€1.34M

Operating result€-4k-€-9k▼ 123%€-17k▼ 86.1%

Net result€-4k-€-360k▼ 8,526%€-600k▼ 66.6%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €17k in 2025 against €9k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €11.77M

95.6%

Fixed assets €11.25M ▲ 1.2%

Current assets €514k ▲ 4.6%

Equity and liabilities €11.77M

11%

88.6%

Equity €1.34M

Debt €10.43M

Debt finances 88.6% of the balance-sheet total.

Key figures and ratios

2025 value · change against 2024

Current ratio

46.31▼

2024 · 62.84

Debt to equity

7.81

ROE

-44.9%

ROA

-5.1%▼

2024 · -3.1%

Debt ≤ 1 year

€11k▲

2024 · €8k

Debt > 1 year

€9.85M▼

2024 · €11.40M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€11.61M€11.77M▲

Fixed assets21/28€11.12M€11.25M▲

Financial fixed assets28€11.12M€11.25M▲

Affiliated companies280/1€11.12M€11.25M▲

Participating interests280€9.92M€10.25M▲

Amounts receivable281€1.20M€1.01M▼

Current assets29/58€491k€514k▲

Stocks and contracts in progress3€0€0=

Amounts receivable within one year40/41€197€0▼

Trade receivables40€197€0▼

Cash at bank and in hand54/58€433k€358k▼

Deferred charges and accrued income490/1€58k€156k▲

Equity and liabilities

Total equity and liabilities10/49€11.61M€11.77M▲

Equity10/15€-14k€1.34M▲

Contributions10/11€350k€2.30M▲

Capital10€350k€2.30M▲

Issued capital100€350k€2.30M▲

Uncalled capital101€0-

Profit (loss) carried forward14€-364k€-964k▼

Amounts payable17/49€11.63M€10.43M▼

Amounts payable after more than one year17€11.40M€9.85M▼

Financial debts170/4€11.40M€9.85M▼

Credit institutions173€7.14M€7.14M=

Other loans174€4.26M€2.71M▼

Amounts payable within one year42/48€8k€11k▲

Trade debts44€8k€11k▲

Suppliers440/4€8k€11k▲

Accrued charges and deferred income492/3€215k€567k▲

Income statement Code20242025

Operating charges60/66A€9k€17k▲

Services and other goods61€7k€13k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-

Other operating charges640/8€2k€4k▲

Operating profit (loss)9901€-9k€-17k▼

Financial income75/76B€58k€98k▲

Recurring financial income75€58k€98k▲

Income from financial fixed assets750€58k€98k▲

Financial charges65/66B€409k€681k▲

Recurring financial charges65€409k€681k▲

Debt charges650€409k€680k▲

Other financial charges652/9€399€821▲

Profit (loss) for the period before taxes9903€-360k€-600k▼

Profit (loss) for the period9904€-360k€-600k▼

Profit (loss) for the period to be appropriated9905€-360k€-600k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-364k€-964k▼

Profit (loss) brought forward from the previous period14P€-4k€-364k▼

The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-01-2027

2025

15-12

NBB filing Annual accounts filed

fiscal year 2025 · full schema

30-06

Financial Weakest financial yearnet €-600k

Net result drops to €-600k, the lowest in the series.

30-06

Financial Equity above €1MEq €1.34M

Equity rises from €-14k to €1.34M.

2024

19-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema

24-01

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Waregem · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vredestraat 538790 Waregem

Ground area

1.1 ha

Building footprint

581 m²

Volume, LiDAR

520 m³

Parcel 34452B1150/00A000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.

1 establishment unit

Helmgras Holding

Vredestraat 53, 8790 WaregemReal estate development

since 20212.323.942.133

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34452B1150/00A000	Flanders	1.1 ha	1 · 581 m²	5.1 m

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded27-09-2021

Fiscal year end30-06

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

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