Helsen Construct
ActiveSummary
Helsen Construct has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,911 and a net result of -€5,445. Equity is growing by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▼-82
Solvency46▼-10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.41 against 2.45 in 2023; short-term debt: 62% and cash: 5.1% of total assets), and 79.1% of the assets are financed with debt.
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Signals
Four 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
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
20.9%
Return on assets
-5.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
51 d early
2022
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€180,034
EBIT margin
0.8%
Net result
-€5,445
2023 · €25,644
Working capital
€25,657▼ 49.0%
2023 · €50,341
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
Line202220232024
Turnover€180,034-
Operating result€1,404-€36,150▲ 2,474%€5,804▼ 83.9%
Net result-€901-€25,644-€5,445
EBIT margin0.8%-
Equity€1,099-€26,743▲ 2,333%€20,911▼ 21.8%
Total assets€56,282-€86,342▲ 53.4%€99,923▲ 15.7%
Debt€55,183-€59,600▲ 8.0%€79,012▲ 32.6%
Working capital€32,210-€50,341▲ 56.3%€25,657▼ 49.0%
Staff (FTE)0.31.9▲ 533%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 84% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99,923
Fixed assets
€12,325 ▲ 928%
Current assets
€87,598 ▲ 2.9%
Equity and liabilities €99,923
Equity
€20,911 ▼ 21.8%
Debt
€79,012 ▲ 32.6%
Debt's share of the balance-sheet total rises from 69.0% to 79.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,693▼
2023 · €36,758
Cash flow
-€3,557▼
2023 · €26,251
Current ratio
1.41▼
2023 · 2.45
Quick ratio
1.24▼
2023 · 2.45
Debt to equity
3.78▲
2023 · 2.23
ROE
-26.0%▼
2023 · 95.9%
ROA
-5.4%▼
2023 · 29.7%
Interest coverage
0.72▼
2023 · 10.53
Debt ≤ 1 year
€61,941▲
2023 · €34,802
Debt > 1 year
€17,071▼
2023 · €24,797
Income taxes
€638▼
2023 · €7,016
Staff costs
€97,180▲
2023 · €23,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,550 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,058 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% | 1.6% |
| 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 1,550 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Turnover70 | €180,034 | - | - | - |
| Non-recurring operating income76A | €76,649 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €311,209 | - | - | - |
| Remuneration, social security and pensions62 | €2,718 | €23,392 | €97,180 | ▲ 315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16 | €607 | €1,888 | ▲ 211% |
| Other operating charges640/8 | €1,109 | €1,831 | €7,682 | ▲ 320% |
| Gross operating margin9900 | €5,248 | €61,980 | €112,554 | ▲ 81.6% |
| Operating profit (loss)9901 | €1,404 | €36,150 | €5,804 | ▼ 83.9% |
| Financial income75/76B | €2 | - | €6 | - |
| Recurring financial income75 | €2 | - | €6 | - |
| Financial charges65/66B | €938 | €3,491 | €10,618 | ▲ 204% |
| Recurring financial charges65 | €938 | €3,491 | €10,618 | ▲ 204% |
| Profit (loss) for the period before taxes9903 | €467 | €32,660 | -€4,807 | ▼ 115% |
| Income taxes67/77 | €1,368 | €7,016 | €638 | ▼ 90.9% |
| Profit (loss) for the period9904 | -€901 | €25,644 | -€5,445 | ▼ 121% |
| Profit (loss) for the period to be appropriated9905 | -€901 | €25,644 | -€5,445 | ▼ 121% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €56,282 | €86,342 | €99,923 | ▲ 15.7% |
| Fixed assets21/28 | €1,806 | €1,198 | €12,325 | ▲ 928% |
| Tangible fixed assets22/27 | €1,806 | €1,198 | €12,325 | ▲ 928% |
| Plant, machinery and equipment23 | - | - | €1,047 | - |
| Furniture and vehicles24 | €1,806 | €1,198 | €11,278 | ▲ 841% |
| Current assets29/58 | €54,476 | €85,144 | €87,598 | ▲ 2.9% |
| Stocks and contracts in progress3 | €4,032 | - | €10,621 | - |
| Stocks30/36 | €4,032 | - | €10,621 | - |
| Amounts receivable within one year40/41 | €9,100 | €42,694 | €68,371 | ▲ 60.1% |
| Trade receivables40 | €8,137 | €39,982 | €53,526 | ▲ 33.9% |
| Other amounts receivable41 | €962 | €2,713 | €14,845 | ▲ 447% |
| Cash at bank and in hand54/58 | €40,516 | €42,449 | €5,142 | ▼ 87.9% |
| Deferred charges and accrued income490/1 | €829 | - | €3,465 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €56,282 | €86,342 | €99,923 | ▲ 15.7% |
| Equity10/15 | €1,099 | €26,743 | €20,911 | ▼ 21.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | €2,000 | = |
| Issued capital100 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €5,000 | €5,000 | = |
| Non-distributable reserves130/1 | - | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | - | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€901 | €19,743 | €13,911 | ▼ 29.5% |
| Amounts payable17/49 | €55,183 | €59,600 | €79,012 | ▲ 32.6% |
| Amounts payable after more than one year17 | €32,917 | €24,797 | €17,071 | ▼ 31.2% |
| Financial debts170/4 | €32,917 | €24,797 | €17,071 | ▼ 31.2% |
| Amounts payable within one year42/48 | €22,266 | €34,802 | €61,941 | ▲ 78.0% |
| Current portion of amounts payable after more than one year42 | €7,714 | €8,120 | €7,726 | ▼ 4.9% |
| Trade debts44 | €1,448 | €4,450 | €37,015 | ▲ 732% |
| Suppliers440/4 | €1,448 | €4,450 | €37,015 | ▲ 732% |
| Taxes, remuneration and social security45 | €9,177 | €21,805 | €17,200 | ▼ 21.1% |
| Taxes450/3 | €9,177 | €20,010 | €5,600 | ▼ 72.0% |
| Remuneration and social security454/9 | - | €1,795 | €11,600 | ▲ 546% |
| Other amounts payable47/48 | €3,927 | €428 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€901 | €25,644 | -€5,445 | ▼ 121% |
| + Depreciation and write-downs630 | €16 | €607 | €1,888 | ▲ 211% |
| Operating cash flow (approximation) | -€885 | €26,251 | -€3,557 | ▼ 114% |
| Investment in fixed assets (approximation) | - | €0 | -€13,015 | - |
| Change in cash | - | €1,934 | -€37,307 | ▼ 2,029% |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€5,445
Net result drops to -€5,445, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €25,644
Net result €25,644 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated 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.
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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, Schilde · 1 establishment unit since 2024
Ground area
336 m²
Building footprint
264 m²
Volume, LiDAR
1,341 m³
Parcel 11039D0182/00D002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Helsen Construct
since 20242.366.099.224
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0182/00D002 | Flanders | 336 m² | 1 · 263 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,294 companies in sector 68122 we hold annual accounts for 903. 362 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Contact
E-mail
dominick@helsen-construct.be
Website
www.reno.helsen-construct.beSchilde
E-mail
administratie@helsen-construct.beSchilde
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773808788
Registered
03-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.