ACTIVE

HELMo Link

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Financial year 2025 · closed on 31/12/2025

Net result

164,6 k €

-48.0% YoY

Revenue

916,2 k €

+8.1% YoY

Equity

1,2 M €

-0.5% YoY

Workforce

8,8 ETP

+4.8% YoY

What does HELMo Link do?

HELMo Link is a Non-profit organization incorporated in 1979. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Liège. It employs on average 8,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.597.749

Incorporation

21/06/1979

Legal form

Non-profit organization

Registered office

Mont Saint-Martin 45
4000 Liège · WallonieSee on map

Latest accounts

31/12/2025

Average workforce

8,8 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering 73100Advertising 74203Photographic activities

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	916,2 k €	+8.1%	847,4 k €	+21.3%	698,5 k €	+51.1%	462,2 k €	-0.5%	464,6 k €	-6.0%	494,2 k €	-38.2%	799,2 k €	+135%	340,6 k €	+195%	115,4 k €	+41.4%	81,6 k €	-45.6%	150,1 k €	+27.1%	118,1 k €	-14.8%	138,5 k €	+23.1%	112,6 k €	+59.7%	70,5 k €	-22.7%	91,2 k €	+4.7%	87,1 k €	-51.7%	180,4 k €	+36.8%	131,8 k €
EBITDA	179,8 k €	-48.0%	345,9 k €	-7.9%	375,7 k €	+98.8%	189 k €	+65.7%	114,1 k €	+31.0%	87,1 k €	-64.0%	242 k €	+56.2%	154,9 k €	+206%	50,6 k €	-71.3%	176,6 k €	+109%	84,3 k €	+61.5%	52,2 k €	+43.8%	36,3 k €	-53.7%	78,4 k €	+53.6%	51 k €	-25.8%	68,8 k €	+492%	11,6 k €	-84.3%	74 k €	+142%	30,6 k €
Operating result	161,6 k €	-48.9%	316,2 k €	-8.7%	346,2 k €	+121%	156,5 k €	+98.2%	79 k €	+27.1%	62,1 k €	-70.8%	212,4 k €	+62.9%	130,4 k €	+375%	27,5 k €	-82.1%	153,8 k €	+148%	62 k €	+96.7%	31,5 k €	+208%	10,2 k €	-79.1%	49 k €	+128%	21,5 k €	-52.4%	45,1 k €	+1496%	-3,2 k €	-105%	63,8 k €	+222%	19,8 k €
Net result	164,6 k €	-48.0%	316,6 k €	-8.2%	345 k €	+122%	155,3 k €	+100.0%	77,6 k €	+25.7%	61,8 k €	-70.9%	212,2 k €	+62.5%	130,6 k €	+375%	27,5 k €	-86.3%	200,3 k €	+218%	63 k €	+90.4%	33,1 k €	+174%	12,1 k €	-75.6%	49,6 k €	+139%	20,8 k €	-54.3%	45,4 k €	+1890%	-2,5 k €	-104%	64,6 k €	+449%	11,8 k €
Balance sheet
Equity	1,2 M €	-0.5%	1,2 M €	+8.4%	1,1 M €	+10.1%	990,3 k €	+11.5%	887,9 k €	+2.0%	870,3 k €	-5.1%	917 k €	+30.1%	704,8 k €	+40.3%	502,3 k €	+5.8%	474,7 k €	+73.0%	274,4 k €	+29.8%	211,4 k €	+18.6%	178,3 k €	+7.3%	166,3 k €	+42.5%	116,7 k €	+21.6%	95,9 k €	+89.9%	50,5 k €	-4.8%	53,1 k €	+561%	-11,5 k €
Total assets	4 M €	+58.8%	2,5 M €	+7.2%	2,4 M €	-32.5%	3,5 M €	-19.0%	4,3 M €	+34.8%	3,2 M €	+48.7%	2,2 M €	+91.8%	1,1 M €	+14.7%	982 k €	-22.2%	1,3 M €	+77.4%	712,1 k €	-21.6%	907,9 k €	+129%	397,2 k €	-25.4%	532,4 k €	-20.1%	666,3 k €	-16.7%	800 k €	+41.4%	565,9 k €	-4.0%	589,5 k €	+24.6%	473,3 k €
Cash	943,2 k €	-2.5%	967,8 k €	+18.0%	820,1 k €	+0.2%	818,8 k €	-14.6%	958,2 k €	+20.4%	796 k €	+24.3%	640,4 k €	+66.7%	384,2 k €	+1040%	33,7 k €	-76.1%	141,2 k €	-41.0%	239,2 k €	+3407%	6,8 k €	+1113%	562,4 €	-96.6%	16,7 k €	+68.1%	10 k €	-66.6%	29,8 k €	+7225%	407,1 €	-98.2%	22,7 k €	-17.2%	27,4 k €
Debts	613,2 k €	+45.8%	420,5 k €	-25.0%	560,4 k €	-43.4%	990,3 k €	+4.7%	945,4 k €	+234%	283 k €	-1.7%	287,8 k €	+177%	103,9 k €	-5.6%	110,1 k €	+45.2%	75,8 k €	-24.8%	100,8 k €	-5.5%	106,6 k €	+26.2%	84,5 k €	-21.5%	107,6 k €	-45.4%	197 k €	+23.9%	158,9 k €	+16.0%	137 k €	-47.9%	263 k €	-18.9%	324,5 k €
Other
Workforce	8,8 ETP	+4.8%	8,4 ETP	-25.7%	11,3 ETP	-25.2%	15,1 ETP	+7.1%	14,1 ETP	+50.0%	9,4 ETP	+22.1%	7,7 ETP	+10.0%	7,0 ETP	-24.7%	9,3 ETP	+43.1%	6,5 ETP	0.0%	6,5 ETP	+47.7%	4,4 ETP	-4.3%	4,6 ETP	+2.2%	4,5 ETP	-2.2%	4,6 ETP	-2.1%	4,7 ETP	+20.5%	3,9 ETP	-38.1%	6,3 ETP	+21.2%	5,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 81 ended

Active mandates

Etienne Sottiaux

Managing director · since 01 avril 2025 · until 31 mars 2030

Active

Vanessa Effertz

Director · since 01 avril 2025 · until 31 mars 2030

Active

Jérôme WALMAG

Director · since 14 novembre 2023

Active

LIBRA - AUDIT & ASSURANCE

Reviseur d'entreprise · since 01 janvier 2023 · until 31 décembre 2025 · 0884.477.573

Represented by Hanine ESSAHELI

Active

Grégory VOZ

Director · since 15 novembre 2022

Active

Cécile Dessart

Director · since 01 novembre 2022 · until 31 octobre 2027

Active

Salim MEGHERBI

Director · since 01 septembre 2022 · until 31 août 2027

Active

Danièle Bayers

Director · since 01 juillet 2020 · until 30 juin 2030

Active

LIBRA - AUDIT & ASSURANCE

Reviseur d'entreprise · since 01 janvier 2020 · until 31 décembre 2022 · 0884.477.573

Represented by Hanine ESSAHELI

Active

Birgit Quinting

Director · since 23 octobre 2019

Active

Isabelle Bragard

Managing director · since 23 octobre 2019

Active

Laurence Piron

Director · since 14 septembre 2019 · until 13 septembre 2029

Active

Ended mandates

Laurence PIRON

Director · since 20 septembre 2024 · until 19 septembre 2029

Ended

Alexandre LODEZ

Director · since 01 septembre 2023 · until 31 août 2028

Ended

Anne-Michèle JANSSEN

Director · since 15 novembre 2022

Ended

Etienne SOTTIAUX

Chairman of the board of directors · since 01 août 2021 · until 31 juillet 2026

Ended

At this address

Other companies at this address

Company	CBE no.
Haute Ecole Libre Mosane● Active	0898.631.160
INITIATIVES POUR UNE FORMATION EFFICACE● Active	0433.491.614
Institut supérieur Saint-Martin● Liquidation	0402.395.194

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	11/06/2025	18/06/2024	16/06/2023	24/06/2022	24/06/2021
General meeting	01/06/2026	05/06/2025	06/06/2024	23/05/2023	10/05/2022	18/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	24/06/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	11/06/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	18/06/2024	French	PDF
Abridged model	31/12/2022	23/05/2023	16/06/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	24/06/2022	French	PDF
Abridged model	31/12/2020	18/05/2021	24/06/2021	French	PDF
Abridged model	31/12/2019	26/05/2020	24/06/2020	French	PDF
Abridged model	31/12/2018	28/05/2019	19/06/2019	French	PDF
Abridged model	31/12/2017	23/05/2018	27/06/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	22/06/2016	French	PDF
Abridged model	31/12/2014	30/03/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	06/06/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	24/06/2013	French	PDF
Abridged model	31/12/2011	23/05/2012	11/07/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	16/06/2010	29/06/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	06/07/2009	French	PDF
Abridged model	31/12/2007	23/06/2008	03/07/2008	French	PDF
Abridged model	31/12/2006	18/04/2007	25/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 81 ended

Active mandates

Etienne Sottiaux

Managing director · since 01 avril 2025 · until 31 mars 2030

Active

Vanessa Effertz

Director · since 01 avril 2025 · until 31 mars 2030

Active

Jérôme WALMAG

Director · since 14 novembre 2023

Active

LIBRA - AUDIT & ASSURANCE

Reviseur d'entreprise · since 01 janvier 2023 · until 31 décembre 2025 · 0884.477.573

Represented by Hanine ESSAHELI

Active

Grégory VOZ

Director · since 15 novembre 2022

Active

Cécile Dessart

Director · since 01 novembre 2022 · until 31 octobre 2027

Active

Salim MEGHERBI

Director · since 01 septembre 2022 · until 31 août 2027

Active

Danièle Bayers

Director · since 01 juillet 2020 · until 30 juin 2030

Active

LIBRA - AUDIT & ASSURANCE

Reviseur d'entreprise · since 01 janvier 2020 · until 31 décembre 2022 · 0884.477.573

Represented by Hanine ESSAHELI

Active

Birgit Quinting

Director · since 23 octobre 2019

Active

Isabelle Bragard

Managing director · since 23 octobre 2019

Active

Laurence Piron

Director · since 14 septembre 2019 · until 13 septembre 2029

Active

Ended mandates

Laurence PIRON

Director · since 20 septembre 2024 · until 19 septembre 2029

Ended

Alexandre LODEZ

Director · since 01 septembre 2023 · until 31 août 2028

Ended

Anne-Michèle JANSSEN

Director · since 15 novembre 2022

Ended

Etienne SOTTIAUX

Chairman of the board of directors · since 01 août 2021 · until 31 juillet 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates12/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2024
OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2023
DEMISSIONS, NOMINATIONS
PDF
Other22/03/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/02/2021
DEMISSIONS, NOMINATIONS
PDF
Court decision24/05/2019
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Mandates24/09/2018
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025164,6 k €↓
2024
Annual accounts 2024316,6 k €↓
2024
Name changeHELMo Link
2023
Annual accounts 2023345 k €↑
2022
Annual accounts 2022155,3 k €↑
2021
Annual accounts 202177,6 k €↑
2020
Annual accounts 202061,8 k €↓
2019
Annual accounts 2019212,2 k €↑
2018
Annual accounts 2018130,6 k €↑
2017
Annual accounts 201727,5 k €↓
2016
Annual accounts 2016200,3 k €↑
2015
Annual accounts 201563 k €↑
2014
Annual accounts 201433,1 k €↑
2013
Annual accounts 201312,1 k €↓
2012
Annual accounts 201249,6 k €↑
2011
Annual accounts 201120,8 k €↓
2010
Annual accounts 201045,4 k €↑
2009
Annual accounts 2009-2,5 k €↓
2008
Annual accounts 200864,6 k €↑
2008
Name changeCentre de Recherches des Instituts Groupés de la Haute Ecole Libre Mosane
2007
Annual accounts 200711,8 k €
2007
Name changeCentre de Recherches des Instituts Groupés au sein de HEMES
21/06/1979
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HELMo Link

Overview

What does HELMo Link do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline