Helvin
ActiveSummary
Helvin has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €236k and a net result of €117k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+22
Solvency38▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.54 in 2024; short-term debt: 28.4% and cash: 0.6% of total assets), and 86.6% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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 2025Solvency, return and age of the figures
Solvency
13.4%
Return on assets
6.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 913 sector peers (2025).
NBB · sector comparisonPosition among 913 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
22 d early
2024
2 d early
2023
14 d early
2022
14 d early
2021
37 d early
2020
22 d early
2019
4 d early
← 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
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€236k▲ 97.9%
2024 · €119k
2018: €3k
2019: €25k
2020: €42k
2021: €77k
2022: €85k
2023: €104k
2024: €119k
2018 → 2025
Total assets
€1.76M▲ 40.2%
2024 · €1.25M
2018: €229k
2019: €220k
2020: €362k
2021: €389k
2022: €315k
2023: €260k
2024: €1.25M
2018 → 2025
Net result
€117k▲ 674%
2024 · €15k
2018: €-3k
2019: €24k
2020: €19k
2021: €36k
2022: €10k
2023: €19k
2024: €15k
2018 → 2025
Working capital
€-134k▲ 10.9%
2024 · €-150k
2018: €-41k
2019: €-16k
2020: €-30k
2021: €-6k
2022: €12k
2023: €64k
2024: €-150k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€85k▲ 10.4%€104k▲ 22.7%€119k▲ 14.5%€236k▲ 97.9%
Operating result€49k-€24k▼ 51.6%€52k▲ 118%€90k▲ 72.9%€248k▲ 177%
Net result€36k-€10k▼ 73.3%€19k▲ 101%€15k▼ 21.6%€117k▲ 674%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 177% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.76M
Fixed assets
€1.39M ▲ 29.5%
Current assets
€365k ▲ 105%
Equity and liabilities €1.76M
Equity
€236k ▲ 97.9%
Debt
€1.52M ▲ 34.2%
Debt's share of the balance-sheet total falls from 90.5% to 86.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€633k▲
2024 · €279k
Cash flow
€502k▲
2024 · €204k
Current ratio
0.73▲
2024 · 0.54
Debt to equity
6.46▼
2024 · 9.53
ROE
49.5%▲
2024 · 12.7%
ROA
6.6%▲
2024 · 1.2%
Interest coverage
7.12▲
2024 · 4.13
Debt ≤ 1 year
€499k▲
2024 · €328k
Debt > 1 year
€1.02M▲
2024 · €806k
Income taxes
€42k▲
2024 · €7k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.76M▲
Fixed assets21/28€1.08M€1.39M▲
Tangible fixed assets22/27€1.08M€1.39M▲
Plant, machinery and equipment23€165k€134k▼
Furniture and vehicles24€30k€26k▼
Leasing and similar rights25€880k€1.23M▲
Current assets29/58€178k€365k▲
Amounts receivable within one year40/41€149k€333k▲
Trade receivables40€127k€315k▲
Other amounts receivable41€22k€18k▼
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1€18k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.76M▲
Equity10/15€119k€236k▲
Contributions10/11€6k€6k=
Reserves13€113k€229k▲
Distributable reserves133€113k€229k▲
Amounts payable17/49€1.13M€1.52M▲
Amounts payable after more than one year17€806k€1.02M▲
Financial debts170/4€806k€1.02M▲
Amounts payable within one year42/48€328k€499k▲
Current portion of amounts payable after more than one year42€265k€379k▲
Trade debts44€48k€49k▲
Suppliers440/4€48k€49k▲
Taxes, remuneration and social security45€7k€62k▲
Taxes450/3€7k€62k▲
Other amounts payable47/48€9k€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€189k€385k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-11k
Other operating charges640/8€9k€32k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€288k€659k▲
Operating profit (loss)9901€90k€248k▲
Financial income75/76B€0€65▲
Recurring financial income75€0€65▲
Financial charges65/66B€68k€89k▲
Recurring financial charges65€68k€89k▲
Profit (loss) for the period before taxes9903€22k€159k▲
Income taxes67/77€7k€42k▲
Profit (loss) for the period9904€15k€117k▲
Profit (loss) for the period to be appropriated9905€15k€117k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€117k▲
Transfer to equity691/2€15k€117k▲
To other reserves6921€15k€117k▲
The notes to these accounts (9 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €117k ▲674%
Operating result €248k, net result €117k, both a record.
31-12
Financial
Equity above €200kEq €236k ▲97.9%
7 profitable years in a row build equity to €236k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €104k ▲22.7%
5 profitable years in a row build equity to €104k.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Zele · 1 establishment unit since 2017
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.
Vaartstraat 319240 ZeleGround area
2,295 m²
Building footprint
236 m²
Volume, LiDAR
1,233 m³
Parcel 42402C1016/00B000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Helvin
since 20172.265.595.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402C1016/00B000 | Flanders | 2,294 m² | 1 · 236 m² | 7.7 m · 2 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.
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BE 0465.407.879
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GW RENTING
BE 0696.890.659
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INVERMA
BE 0629.775.963
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Of 361 companies in sector 77120 we hold annual accounts for 233. 163 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 formPrivate limited company
Founded16-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
77120Rental and leasing activities
42211Civil engineering
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.