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HELPEX

Active
Public limited companyfounded 20232 yrs activeRue Fonet 1 D, 4218 Héron, BelgiumKBO/BCE: BE 1003.259.716
Summary

The computed 12-month bankruptcy probability of HELPEX is 2.0% (moderate). The 2025 annual accounts show equity of €693,529 and a net result of €8,803. Its solvency ranks better than 95% of 198 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability70=
Solvency100=
Growth78
Track record82
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days only on tighter terms
Liquidity ample (current ratio 33.67 against 26.64 in 2024; short-term debt: 2% and cash: 21.8% of total assets), and 2.1% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
97.9%
Return on assets
1.2%
Age of the figures
15 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-03-2026, 38 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 · 2 filings
Deviation from the deadline
2025
38 d late
2024
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · 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 close27-09-2026 today31-01-2027 deadline
neutral · 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

History

On 12 December 2023, HELPEX was incorporated as a Public limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€693,529▲ 1.3%
2024 · €684,725
Total assets
€708,238▲ 0.6%
2024 · €704,034
Net result
€8,803▲ 34.3%
2024 · €6,555
Working capital
€472,114▲ 3.7%
2024 · €455,138
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
Line20242025
Operating result€6,955-€7,431▲ 6.8%
Net result€6,555-€8,803▲ 34.3%
Equity€684,725-€693,529▲ 1.3%
Total assets€704,034-€708,238▲ 0.6%
Debt€19,308-€14,709▼ 23.8%
Working capital€455,138-€472,114▲ 3.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€2,500€5,000€7,500€10,000Operating result 2024: €6,955€6,955Net result 2024: €6,555€6,555Operating result 2025: €7,431€7,431Net result 2025: €8,803€8,80320242025€0€2,500€5,000€7,500€10,000Operating result 2024: €6,955€6,950Net result 2024: €6,555€6,550Operating result 2025: €7,431€7,430Net result 2025: €8,803€8,80020242025
The operating result rises in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €708,238
Fixed assets €221,674 ▼ 4.1%
Current assets €486,564 ▲ 2.9%
Equity and liabilities €708,238
Equity €693,529 ▲ 1.3%
Debt €14,709 ▼ 23.8%
Debt's share of the balance-sheet total falls from 2.7% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€28,660▲
2024 · €16,145
Cash flow
€30,032▲
2024 · €15,745
Current ratio
33.67▲
2024 · 26.64
Debt to equity
0.02▼
2024 · 0.03
ROE
1.3%▲
2024 · 1.0%
ROA
1.2%▲
2024 · 0.9%
Interest coverage
10.83▼
2024 · 33.11
Debt ≤ 1 year
€14,450▼
2024 · €17,750
Income taxes
€7,165▲
2024 · €1,796
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 501 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.6% went bankrupt
2.8% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 501 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€704,034€708,238▲
Fixed assets21/28€231,146€221,674▼
Tangible fixed assets22/27€231,146€221,674▼
Land and buildings22€217,620€204,360▼
Plant, machinery and equipment23-€1,408
Furniture and vehicles24€13,526€15,906▲
Current assets29/58€472,888€486,564▲
Amounts receivable within one year40/41€29,125€17,778▼
Trade receivables40€29,125€17,500▼
Other amounts receivable41-€278
Current investments50/53€300,000€308,695▲
Cash at bank and in hand54/58€142,444€154,448▲
Deferred charges and accrued income490/1€1,319€5,642▲
Equity and liabilities
Total equity and liabilities10/49€704,034€708,238▲
Equity10/15€684,725€693,529▲
Contributions10/11€61,973€61,973=
Capital10€61,973€61,973=
Issued capital100€61,973€61,973=
Reserves13€212,600€221,300▲
Non-distributable reserves130/1€138,300€138,300=
Legal reserve130€6,200€6,200=
Other1319€132,100€132,100=
Distributable reserves133€74,300€83,000▲
Profit (loss) carried forward14€410,152€410,255=
Amounts payable17/49€19,308€14,709▼
Amounts payable within one year42/48€17,750€14,450▼
Trade debts44€7,344€2,526▼
Suppliers440/4€7,344€2,526▼
Taxes, remuneration and social security45€10,406€11,924▲
Taxes450/3€10,406€9,759▼
Remuneration and social security454/9-€2,165
Accrued charges and deferred income492/3€1,558€260▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,190€21,229▲
Other operating charges640/8€11,332€5,755▼
Gross operating margin9900€27,478€34,415▲
Operating profit (loss)9901€6,955€7,431▲
Financial income75/76B€1,884€11,184▲
Recurring financial income75€1,884€11,184▲
Financial charges65/66B€488€2,647▲
Recurring financial charges65€488€2,647▲
Profit (loss) for the period before taxes9903€8,351€15,968▲
Income taxes67/77€1,796€7,165▲
Profit (loss) for the period9904€6,555€8,803▲
Profit (loss) for the period to be appropriated9905€6,555€8,803▲
Appropriation of the result
Profit (loss) to be appropriated9906€410,152€418,955▲
Profit (loss) brought forward from the previous period14P€403,597€410,152▲
Transfer to equity691/2-€8,700
To other reserves6921-€8,700

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,190€21,229▲ 131%
Other operating charges640/8€11,332€5,755▼ 49.2%
Gross operating margin9900€27,478€34,415▲ 25.2%
Operating profit (loss)9901€6,955€7,431▲ 6.8%
Financial income75/76B€1,884€11,184▲ 494%
Recurring financial income75€1,884€11,184▲ 494%
Financial charges65/66B€488€2,647▲ 443%
Recurring financial charges65€488€2,647▲ 443%
Profit (loss) for the period before taxes9903€8,351€15,968▲ 91.2%
Income taxes67/77€1,796€7,165▲ 299%
Profit (loss) for the period9904€6,555€8,803▲ 34.3%
Profit (loss) for the period to be appropriated9905€6,555€8,803▲ 34.3%
Line20242025Change
Assets
Total assets20/58€704,034€708,238▲ 0.6%
Fixed assets21/28€231,146€221,674▼ 4.1%
Tangible fixed assets22/27€231,146€221,674▼ 4.1%
Land and buildings22€217,620€204,360▼ 6.1%
Plant, machinery and equipment23-€1,408-
Furniture and vehicles24€13,526€15,906▲ 17.6%
Current assets29/58€472,888€486,564▲ 2.9%
Amounts receivable within one year40/41€29,125€17,778▼ 39.0%
Trade receivables40€29,125€17,500▼ 39.9%
Other amounts receivable41-€278-
Current investments50/53€300,000€308,695▲ 2.9%
Cash at bank and in hand54/58€142,444€154,448▲ 8.4%
Deferred charges and accrued income490/1€1,319€5,642▲ 328%
Equity and liabilities
Total equity and liabilities10/49€704,034€708,238▲ 0.6%
Equity10/15€684,725€693,529▲ 1.3%
Contributions10/11€61,973€61,973=
Capital10€61,973€61,973=
Issued capital100€61,973€61,973=
Reserves13€212,600€221,300▲ 4.1%
Non-distributable reserves130/1€138,300€138,300=
Legal reserve130€6,200€6,200=
Other1319€132,100€132,100=
Distributable reserves133€74,300€83,000▲ 11.7%
Profit (loss) carried forward14€410,152€410,255=
Amounts payable17/49€19,308€14,709▼ 23.8%
Amounts payable within one year42/48€17,750€14,450▼ 18.6%
Trade debts44€7,344€2,526▼ 65.6%
Suppliers440/4€7,344€2,526▼ 65.6%
Taxes, remuneration and social security45€10,406€11,924▲ 14.6%
Taxes450/3€10,406€9,759▼ 6.2%
Remuneration and social security454/9-€2,165-
Accrued charges and deferred income492/3€1,558€260▼ 83.3%
Line20242025Change
Profit (loss) for the period9904€6,555€8,803▲ 34.3%
+ Depreciation and write-downs630€9,190€21,229▲ 131%
Operating cash flow (approximation)€15,745€30,032▲ 90.7%
Investment in fixed assets (approximation)--€11,757-
Change in cash-€12,004-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
10-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
28-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Héron · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
3,392 m²
Building footprint
214 m²
Volume, LiDAR
615 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HELPEX SA
Rue Fonet 1D, 4218 HéronActivities of head offices; management consultancy activities
since 20242.353.332.341
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
61015B0935/00W000 Wallonia 2,588 m² 1 · 117 m² -
61015B0935/00P000 Wallonia 805 m² 1 · 97 m² 7.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

875500JDJQL15XW3QZ92
live in the LEI register

Similar companies · same sector, comparable size

Of 35 companies in sector 27330 we hold annual accounts for 20. 10 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded12-12-2023
Fiscal year end30-06
Activities, NACEBEL 2025
27330Manufacture of electrical equipment
27900Manufacture of electrical equipment
28120Manufacture of machinery and equipment not elsewhere classified
43212Electrical installation work in industrial facilities
64210Activities of holding companies
70200Business and other management consultancy
Contact
E-mail jb.radu@skynet.be
Phone +32496162626
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003259716
Also 9925:BE1003259716

Register as of 27 September 2026 · Peppol Directory

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