PHILIP HELSEN
ActiveSummary
PHILIP HELSEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324k and a net result of €54k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-3
Solvency77▲+7
Growth85=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.5 in 2024; short-term debt: 18.7% and cash: 19% of total assets), and 47.6% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
52.4%
Return on assets
8.8%
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 24-08-2026, 24 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
24 d late
2024
28 d late
2023
79 d late
2022
85 d late
2021
12 d late
2020
27 d late
2019
67 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, micro schema
Turnover
€763k▲ 34.7%
2022 · €566k
2018: €283k
2019: €318k
2020: €339k
2021: €432k
2022: €566k
2018 → 2023
EBIT margin
7.1%▲ 0.3pp
2022 · 6.8%
2018: 7.9%
2019: 6.0%
2020: 2.2%
2021: 6.0%
2022: 6.8%
2018 → 2023
Net result
€54k▼ 18.4%
2024 · €66k
2018: €15k
2019: €12k
2020: €2k
2021: €14k
2022: €25k
2023: €34k
2024: €66k
2018 → 2025
Working capital
€159k▲ 110%
2024 · €76k
2018: €107k
2019: €90k
2020: €77k
2021: €87k
2022: €107k
2023: €133k
2024: €76k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€432k-€566k▲ 31.0%€763k▲ 34.7%
Equity€146k-€171k▲ 17.5%€205k▲ 19.6%€270k▲ 32.0%€324k▲ 20.1%
Operating result€26k-€39k▲ 49.3%€54k▲ 40.4%€107k▲ 97.3%€85k▼ 20.1%
Net result€14k-€25k▲ 79.9%€34k▲ 31.8%€66k▲ 98.1%€54k▼ 18.4%
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 falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €619k
Fixed assets
€344k ▼ 8.6%
Current assets
€275k ▲ 21.3%
Equity and liabilities €619k
Equity
€324k ▲ 20.1%
Debt
€295k ▼ 11.5%
Debt's share of the balance-sheet total falls from 55.2% to 47.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€151k▲
2024 · €144k
Cash flow
€120k▲
2024 · €104k
Current ratio
2.37▲
2024 · 1.50
Debt to equity
0.91▼
2024 · 1.23
ROE
16.7%▼
2024 · 24.6%
ROA
8.8%▼
2024 · 11.0%
Interest coverage
15.17▲
2024 · 13.47
Debt ≤ 1 year
€116k▼
2024 · €151k
Debt > 1 year
€179k▼
2024 · €182k
Income taxes
€26k▼
2024 · €35k
Staff costs
€155k▲
2024 · €138k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€603k€619k▲
Fixed assets21/28€376k€344k▼
Tangible fixed assets22/27€376k€344k▼
Land and buildings22€17k€14k▼
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24€185k€163k▼
Leasing and similar rights25€170k€160k▼
Current assets29/58€227k€275k▲
Amounts receivable within one year40/41€113k€126k▲
Trade receivables40€18k€32k▲
Other amounts receivable41€95k€94k▼
Cash at bank and in hand54/58€110k€118k▲
Deferred charges and accrued income490/1€4k€31k▲
Equity and liabilities
Total equity and liabilities10/49€603k€619k▲
Equity10/15€270k€324k▲
Contributions10/11€30k€30k=
Reserves13€83k€137k▲
Distributable reserves133€83k€137k▲
Profit (loss) carried forward14€157k€157k=
Amounts payable17/49€333k€295k▼
Amounts payable after more than one year17€182k€179k▼
Financial debts170/4€182k€179k▼
Amounts payable within one year42/48€151k€116k▼
Current portion of amounts payable after more than one year42€31k€36k▲
Trade debts44€43k€28k▼
Suppliers440/4€43k€28k▼
Taxes, remuneration and social security45€77k€52k▼
Taxes450/3€60k€44k▼
Remuneration and social security454/9€17k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€8k-
Remuneration, social security and pensions62€138k€155k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€65k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€291k€314k▲
Operating profit (loss)9901€107k€85k▼
Financial income75/76B€5k€5k▼
Recurring financial income75€5k€5k▼
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€101k€80k▼
Income taxes67/77€35k€26k▼
Profit (loss) for the period9904€66k€54k▼
Profit (loss) for the period to be appropriated9905€66k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€223k€211k▼
Profit (loss) brought forward from the previous period14P€157k€157k=
Transfer to equity691/2€65k€54k▼
To other reserves6921€65k€54k▼
Profit to be distributed694/7€1k-
Directors or managers695€1k-
The notes to these accounts (6 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €66k ▲98.1%
Operating result €107k, net result €66k, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
2023
31-12
Financial
Equity above €200kEq €205k ▲19.6%
6 profitable years in a row build equity to €205k.
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
31-12
Financial
Equity above €150kEq €171k ▲17.5%
5 profitable years in a row build equity to €171k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼85.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Turnhout · 1 establishment unit since 2008
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.
Kleine Reesdijk 932300 TurnhoutGround area
3,374 m²
Building footprint
503 m²
Volume, LiDAR
1,582 m³
Parcel 13452K0740/00B002, Flanders · tallest building 4.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PHILIP HELSEN VLOERWERKEN
since 20082.171.055.285
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452K0740/00B002 | Flanders | 3,374 m² | 1 · 503 m² | 4.6 m · 1 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
GRILLI MICHEL-CARRELAGES
BE 0415.172.371
Verviers · Eq €324k
Van De Velde Marc
BE 0442.433.826
Berlare · Eq €323k
CERA-BAT
BE 0864.327.507
Sint-Pieters-Leeuw · Eq €322k
VANDEREYT E.
BE 0841.778.866
Sint-Truiden · Eq €327k
Entreprises Colautti Pierre
BE 0420.561.712
La Louvière · Eq €328k
Of 3,962 companies in sector 43331 we hold annual accounts for 1,790. 1,234 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
Founded04-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.