HELSEN
ActiveSummary
HELSEN has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.52M and a net result of €-46k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 56% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-24
Solvency64▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 6.37 against 2.11 in 2024; short-term debt: 5.9% and cash: 1.4% of total assets), but 60.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.1%
Return on assets
-1.2%
Age of the figures
9 mo
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
29 d late
2022
53 d early
2021
12 d late
2020
18 d late
2019
119 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.52M▼ 2.9%
2024 · €1.56M
2018: €1.54M
2019: €1.55M
2020: €1.60M
2021: €1.62M
2022: €1.62M
2023: €1.57M
2024: €1.56M
2018 → 2025
Total assets
€3.88M▲ 31.3%
2024 · €2.95M
2018: €2.93M
2019: €2.86M
2020: €4.02M
2021: €3.49M
2022: €3.19M
2023: €3.06M
2024: €2.95M
2018 → 2025
Net result
€-46k▼ 372%
2024 · €-10k
2018: €96k
2019: €130k
2020: €-28k
2021: €17k
2022: €11k
2023: €-49k
2024: €-10k
2018 → 2025
Working capital
€1.23M▲ 443%
2024 · €226k
2018: €377k
2019: €467k
2020: €11k
2021: €80k
2022: €199k
2023: €209k
2024: €226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.62M-€1.62M▲ 0.1%€1.57M▼ 3.0%€1.56M▼ 0.6%€1.52M▼ 2.9%
Operating result€42k-€29k▼ 31.4%€-42k€499€-16k
Net result€17k-€11k▼ 35.2%€-49k€-10k▲ 80.3%€-46k▼ 372%
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 turns negative in 2025: a loss of €16k after €499 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.88M
Fixed assets
€2.42M ▼ 4.0%
Current assets
€1.46M ▲ 238%
Equity and liabilities €3.88M
Equity
€1.52M ▼ 2.9%
Provisions
€155k ▼ 6.6%
Debt
€2.20M ▲ 80.2%
Debt's share of the balance-sheet total rises from 41.5% to 56.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€135k▼
2024 · €204k
Cash flow
€105k▼
2024 · €194k
Current ratio
6.37▲
2024 · 2.11
Debt to equity
1.45▲
2024 · 0.78
ROE
-3.0%▼
2024 · -0.6%
ROA
-1.2%▼
2024 · -0.3%
Interest coverage
3.18▼
2024 · 10.82
Debt ≤ 1 year
€229k▲
2024 · €205k
Debt > 1 year
€1.93M▲
2024 · €1.01M
Income taxes
€0▼
2024 · €2k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.95M€3.88M▲
Fixed assets21/28€2.52M€2.42M▼
Tangible fixed assets22/27€2.52M€2.42M▼
Land and buildings22€2.51M€2.41M▼
Plant, machinery and equipment23-€5k
Other tangible fixed assets26€8k€8k=
Current assets29/58€431k€1.46M▲
Amounts receivable within one year40/41€353k€1.40M▲
Trade receivables40€9k€8k▼
Other amounts receivable41€344k€1.39M▲
Cash at bank and in hand54/58€72k€56k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€2.95M€3.88M▲
Equity10/15€1.56M€1.52M▼
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€1.06M€1.02M▼
Non-distributable reserves130/1€66k€66k=
Legal reserve130€66k€66k=
Tax-exempt reserves132€499k€466k▼
Distributable reserves133€496k€484k▼
Provisions and deferred taxes16€166k€155k▼
Deferred taxes168€166k€155k▼
Amounts payable17/49€1.22M€2.20M▲
Amounts payable after more than one year17€1.01M€1.93M▲
Financial debts170/4€1.01M€1.93M▲
Amounts payable within one year42/48€205k€229k▲
Current portion of amounts payable after more than one year42€123k€186k▲
Trade debts44€75k€4k▼
Suppliers440/4€75k€4k▼
Advances received on contracts in progress46-€32k
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€7k€7k▲
Accrued charges and deferred income492/3€5k€48k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204k€151k▼
Other operating charges640/8€87k€89k▲
Gross operating margin9900€291k€224k▼
Operating profit (loss)9901€499€-16k▼
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€19k€42k▲
Recurring financial charges65€19k€42k▲
Profit (loss) for the period before taxes9903€-18k€-57k▼
Transfer from deferred taxes780€11k€11k=
Income taxes67/77€2k€0▼
Profit (loss) for the period9904€-10k€-46k▼
Transfer from tax-exempt reserves789€33k€33k=
Profit (loss) for the period to be appropriated9905€23k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€-13k▼
Transfer from equity791/2€0€13k▲
Transfer to equity691/2€23k€0▼
To other reserves6921€23k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 6.37
Current ratio from 2.11 to 6.37.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-49k ▼542%
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 119 days late
2019
31-12
Financial
Highest result since 2018net €130k ▲36.4%
Net result €130k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Hasselt · 1 establishment unit since 1983
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.
Kapelstraat 133500 HasseltGround area
255 m²
Building footprint
255 m²
Volume, LiDAR
2,430 m³
Parcel 71022H1078/00E000, Flanders · tallest building 17.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kapelstraat 13, 3500 Hasselt
since 19832.024.142.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1078/00E000 | Flanders | 255 m² | 1 · 255 m² | 17.2 m · 3 fl. |
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.
Similar companies · same sector, comparable size
IMMO ROMA
BE 0456.173.281
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JOCON
BE 0477.695.009
Gent · Eq €1,516,622
Sodeba Immo
BE 1018.183.660
Grimbergen · Eq €1,516,850
MALITHO
BE 0450.231.735
Gent · Eq €1,514,038
DELNIMO
BE 0438.531.357
Sint-Pieters-Woluwe · Eq €1,513,966
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,560 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.