NORMAL SITUATION

HELFINCO

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Financial year 2025 · closed on 06/11/2025

Net result

1,1 M €

+104.1% YoY

Gross margin

-1,8 k €

-100.8% YoY

Equity

-3,5 M €

+24.4% YoY

Company — Normal situation.

What does HELFINCO do?

HELFINCO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.447.801

Legal form

Public limited company

Contributed capital

19 215 402,12 €

Latest accounts

06/11/2025

Joint committees (1)

Signals

ProfitablePositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-1,8 k €	-101%	228,9 k €		–		–		–		–		–		–		–		-1,1 k €	-13.2%	-971,6 €	-1.3%	-958,9 €	-183%	-338,5 €	+80.9%	-1,8 k €	+25.9%	-2,4 k €	-27.9%	-1,9 k €	-37.3%	-1,4 k €
EBITDA	-2,1 k €	-133%	6,3 k €	-94.6%	117,8 k €	+158%	45,6 k €	+161%	-74,7 k €	-22.5%	-61 k €	-766%	9,2 k €	-46.5%	17,1 k €	+212%	-15,3 k €	-728%	-1,8 k €	-13.9%	-1,6 k €	-4.5%	-1,6 k €	-57.5%	-984,7 €	+57.6%	-2,3 k €	+24.6%	-3,1 k €	-4.1%	-3 k €	-51.0%	-2 k €
Operating result	-2,1 k €	-133%	6,3 k €	-94.6%	117,8 k €	+158%	45,6 k €	+161%	-74,7 k €	-22.5%	-61 k €	-766%	9,2 k €	-46.5%	17,1 k €	+212%	-15,3 k €	-728%	-1,8 k €	-13.9%	-1,6 k €	-4.5%	-1,6 k €	-57.5%	-984,7 €	+57.6%	-2,3 k €	+24.6%	-3,1 k €	-4.1%	-3 k €	-51.0%	-2 k €
Net result	1,1 M €	+104%	-27,5 M €	-18470%	149,6 k €	+352%	33,1 k €	-98.9%	2,9 M €	+29541%	9,8 k €	+107%	4,7 k €	-77.6%	21,1 k €	+152%	8,4 k €	-0.7%	8,4 k €	-3.2%	8,7 k €	+0.6%	8,7 k €	-49.8%	17,2 k €	+157%	6,7 k €	-97.5%	273,6 k €	+722%	33,3 k €	+13.3%	29,4 k €
Balance sheet
Equity	-3,5 M €	+24.4%	-4,7 M €	-120%	22,8 M €	+0.7%	22,7 M €	+0.1%	22,6 M €	+14.8%	19,7 M €	+0.0%	19,7 M €	+0.0%	19,7 M €	+0.1%	19,7 M €	+3257%	586,4 k €	+1.5%	578 k €	+1.5%	569,3 k €	+1.5%	560,6 k €	+3.2%	543,4 k €	+1.3%	536,6 k €	+104%	263 k €	+14.5%	229,7 k €
Total assets	3 k €	-99.8%	1,6 M €	-93.2%	24 M €	+0.8%	23,8 M €	+0.1%	23,8 M €	+13.5%	20,9 M €	+5.7%	19,8 M €	+0.2%	19,8 M €	+0.4%	19,7 M €	+3235%	590,3 k €	+1.5%	581,7 k €	+1.3%	574,5 k €	+2.3%	561,8 k €	+3.0%	545,5 k €	+1.6%	536,6 k €	+15.0%	466,5 k €	+0.7%	463,1 k €
Cash	1,9 k €	-94.4%	34,5 k €	+406%	6,8 k €	-87.3%	53,9 k €	-47.6%	102,8 k €	+197%	34,6 k €	-75.0%	138,4 k €	+55.7%	88,9 k €	+31.3%	67,7 k €	+15.6%	58,6 k €	-8.4%	64 k €	+49.8%	42,7 k €	-3.0%	44 k €	+135%	18,8 k €	+170%	6,9 k €	+1422%	456,6 €	-68.3%	1,4 k €
Debts	3,5 M €	-44.8%	6,3 M €	+449%	1,1 M €	+3.0%	1,1 M €	-1.6%	1,1 M €	-5.7%	1,2 M €	+1217%	91,1 k €	+66.5%	54,7 k €	+1055%	4,7 k €	+27.7%	3,7 k €	+0.7%	3,7 k €	-3.2%	3,8 k €	+373%	805,1 €	-62.1%	2,1 k €		–		198,3 k €	-11.1%	223,1 k €
Other
Workforce	–		2,6 ETP	+8.3%	2,4 ETP	0.0%	2,4 ETP	-35.1%	3,7 ETP	-5.1%	3,9 ETP	-22.0%	5,0 ETP	+108%	2,4 ETP		–		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 06/11/2025 · 4 active · 22 ended

Active mandates

D&L Legal

Director · since 02 novembre 2021 · until 06 novembre 2025 · 0707.530.668

Represented by PHILIP WOUTERS

Active

FRANS VAN TILBORG

Managing director · since 02 novembre 2021 · until 06 novembre 2025

Active

KARL HERMANS

Director · since 02 novembre 2021 · until 06 novembre 2025

Active

STIJN MICHIELSEN

Director · since 02 novembre 2021 · until 06 novembre 2025

Active

Ended mandates

D&L Legal

Director · since 02 novembre 2021 · until 17 mai 2027 · 0707.530.668

Represented by Philip Wouters

Ended

D&L Legal

Director · since 02 novembre 2021 · until 17 mai 2027 · 0707.530.668

Represented by PHILIP WOUTERS

Ended

Frans Van Tilborg

Managing director · since 02 novembre 2021 · until 17 mai 2027

Ended

Karl Hermans

Director · since 02 novembre 2021 · until 17 mai 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full 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	06/11/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	11 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/04/2026	25/06/2025	28/06/2024	01/06/2023	27/07/2022	16/07/2021
General meeting	06/11/2025	19/05/2025	30/05/2024	15/05/2023	30/06/2022	30/06/2021
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

35 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	06/11/2025	06/11/2025	09/04/2026	Dutch	PDF
Abridged model	31/12/2024	19/05/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	30/05/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	01/06/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	27/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Full model	31/12/2019	28/10/2020	30/10/2020	Dutch	PDF
Full model	31/12/2018	31/07/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	21/05/2018	28/06/2018	Dutch	PDF
Abridged model	30/06/2016	21/11/2016	15/12/2016	Dutch	PDF
Abridged model	30/06/2015	16/11/2015	27/11/2015	Dutch	PDF
Abridged model	30/06/2014	17/11/2014	08/01/2015	Dutch	PDF
Abridged model	30/06/2013	18/11/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	19/11/2012	03/01/2013	Dutch	PDF
Abridged model	30/06/2011	21/11/2011	22/12/2011	Dutch	PDF
Abridged model	30/06/2010	15/11/2010	21/12/2010	Dutch	PDF
Abridged model	30/06/2009	16/11/2009	12/01/2010	Dutch	PDF
Abridged model	30/06/2008	17/11/2008	15/12/2008	Dutch	PDF
Abridged model	30/06/2007	19/11/2007	21/11/2007	Dutch	PDF
Abridged model	30/06/2006	20/11/2006	22/11/2006	Dutch	PDF
Abridged model	30/06/2005	21/11/2005	23/11/2005	Dutch	PDF
Abridged model	30/06/2004	15/11/2004	24/12/2004	Dutch	PDF
Abridged model	30/06/2003	17/11/2003	30/12/2003	Dutch	PDF
Abridged model	30/06/2002	18/11/2002	31/01/2003	Dutch	PDF

View all 35 filings

Estimate

Indicative valuation

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 06/11/2025 · 4 active · 22 ended

Active mandates

D&L Legal

Director · since 02 novembre 2021 · until 06 novembre 2025 · 0707.530.668

Represented by PHILIP WOUTERS

Active

FRANS VAN TILBORG

Managing director · since 02 novembre 2021 · until 06 novembre 2025

Active

KARL HERMANS

Director · since 02 novembre 2021 · until 06 novembre 2025

Active

STIJN MICHIELSEN

Director · since 02 novembre 2021 · until 06 novembre 2025

Active

Ended mandates

D&L Legal

Director · since 02 novembre 2021 · until 17 mai 2027 · 0707.530.668

Represented by Philip Wouters

Ended

D&L Legal

Director · since 02 novembre 2021 · until 17 mai 2027 · 0707.530.668

Represented by PHILIP WOUTERS

Ended

Frans Van Tilborg

Managing director · since 02 novembre 2021 · until 17 mai 2027

Ended

Karl Hermans

Director · since 02 novembre 2021 · until 17 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution01/12/2025
Ontbinding en sluiting vereffening in één akte
PDF
Registered office17/01/2025
Maatschappelijke Zetel
PDF
Other08/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates03/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2017
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20251,1 M €↑
2025
Name changeHELFINCO (IN VEREFFENING)
2024
Annual accounts 2024-27,5 M €↓
2023
Annual accounts 2023149,6 k €↑
2022
Annual accounts 202233,1 k €↓
2021
Annual accounts 20212,9 M €↑
2021
Name changeHELFINCO
2020
Annual accounts 20209,8 k €↑
2019
Annual accounts 20194,7 k €↓
2018
Annual accounts 201821,1 k €↑
2017
Annual accounts 20178,4 k €↓
2016
Annual accounts 20168,4 k €↓
2015
Annual accounts 20158,7 k €↑
2014
Annual accounts 20148,7 k €↓
2013
Annual accounts 201317,2 k €↑
2012
Annual accounts 20126,7 k €↓
2011
Annual accounts 2011273,6 k €↑
2010
Annual accounts 201033,3 k €↑
2009
Annual accounts 200929,4 k €

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

HELFINCO

Overview

What does HELFINCO do?

Trend over 17 financial years

Board of directors

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