Equity
€235,626 ▲ 97.9%
Helvin has made a profit without a break since 2019.
Helvin
Lifetime
8 annual accounts with figures on one time axispeak €659,485 (2025)
€659,485▲ 129%
lowest -€3,425 (2018)
€116,582▲ 674%
peak €235,626 (2025)
€235,626▲ 97.9%
€1.5m▲ 34.2%
Board3 names since 2017
1 directorArmajura
Documentsfilings and deeds
09-07-202622 days before the deadline
2025abbreviated format
Gross margin from €288,273 to €659,485Result from €15,072 to €116,582Equity from €119,044 to €235,626Debts from €1.1m to €1.5mInvestments €702,380
Key points
from the 2025 annual accountsResult
€116,582 ▲ 674%
The result rose in 2025 from €15,072 to €116,582.
Turnover
≈ €1.6m estimated
The accounts state no turnover.
Debts
€1.5m 87% of the balance sheet
Financial debts 67%Suppliers 3%Taxes and wages 4%Other 25%
Of this, €498,861 falls due within a year.
Investments
€708,364 1.8 × depreciation
Green is investment, beige is depreciation.
Filings
8 annual accounts since 2018
The last five annual accounts were filed 2 to 37 days before the end of the period.
Checked score
88
Excellent
Financially stronger than 57% of micro companies in rental and leasing (NACE 77)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,168 companies (NACE 77, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%highest value
01-2025: 1.2%● unchanged vs 12-2024highest value
02-2025: 1.1%▼ -0.1 percentage points vs 01-2025
03-2025: 1.0%▼ -0.1 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.8 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.73, cash €10,133
Equity €235,626 (13.4% of total assets)
lowers risk
Size: total assets €1.8m
Figures for financial year 2025 (filed on 09-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 77, micro). It does better than 31% of them on solvency, 39% on liquidity, 67% on profitability and 92% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,684 companies had the same profile as Helvin has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Helvin itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,684 companies, not a prediction for Helvin. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.73 (0.54 in 2024), below 1. Short-term debt is 28.4% and cash 0.6% of total assets. 86.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
2 days early
2023
14 days early
2022
14 days early
2021
37 days early
2020
22 days early
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0676876985
1 director appointed, 2 resignations
Resignations: Aron Maes and Julie Raemdonck · Appointment: Armajura BV · Permanent representative: Aron Maes · General meeting of 30-06-2022 · Gazette deed
Incorporation
published on 20-06-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Helvin Zele | €1.8m | €0.7m | 13.4% | - |
| Lebbe Renting Moorslede | €2.3m | €0.6m | 13.5% | 0 |
| JKT RENTING Beveren-Kruibeke-Zwijndrecht | €3.3m | €0.6m | 20.4% | - |
| LABELLEVIE Berchem-Sainte-Agathe | €1.1m | €0.3m | 0.3% | - |
| CAR , TRUCK & TRAILER RENT Wijnegem | €2.4m | €1.3m | 9.1% | 0 |
| MOOBIEL Aalter | €0.7m | €0.4m | -5.4% | 4.4 |
| LYBAERT RENT Ghent | €1.0m | €0.3m | 13.8% | - |
These companies have the same main activity as Helvin: rental and leasing activities (NACE 77120). They are comparable in size and age: total assets between €686,000 and €3.3m, founded between 2014 and 2019.
Official details
Source: KBO- Status
- Active since 16-06-2017Normal situation
- Activity
- Rental and leasing activitiesNACE 77120and 2 others
- Establishment unit
- 2.265.595.6439240 Zele, since 16-06-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 21-08-2025
Annual accounts 2025
- €1.8m▲ 40.2%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on Helvin
Helvin files the abbreviated format. That format states no turnover. The gross margin rose from €14,578 in 2018 to €659,485 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Helvin
- What is the company number of Helvin?
- The company number of Helvin is 0676.876.985. The VAT number is the same number with BE in front: BE 0676.876.985.
- Where is Helvin based?
- The registered office is at Vaartstraat 31, 9240 Zele.Company details
- What does Helvin do?
- According to the KBO register, the main activity is rental and leasing activities (NACE 77120).
- What is the legal form of Helvin?
- Helvin is a private limited company (BV).
- When was Helvin founded?
- Helvin was founded on 16-06-2017.
- Is Helvin still active?
- Yes, Helvin is an active enterprise in the KBO register.
- What is the turnover of Helvin?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €659,485 and 2,275 comparable companies of the same size. It probably lies between €940,000 and €2.6m. It is a rough estimate.Financials
- Is Helvin profitable?
- In financial year 2025, Helvin made a profit of €116,582.
- Where can I find the annual accounts of Helvin?
- Helvin filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Helvin due?
- Helvin must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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