ACTIVE

HELES

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Financial year 2025 · closed on 31/12/2025

Net result

57,3 k €

+15.7% YoY

Gross margin

165,6 k €

+14.7% YoY

Equity

565 k €

+26.4% YoY

Workforce

1,5 ETP

+150.0% YoY

What does HELES do?

HELES is a Public limited company incorporated in 1992. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Hasselt. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.461.484

Incorporation

23/10/1992

Legal form

Public limited company

Registered office

Dokter Willemsstraat 5
3500 Hasselt · FlandreSee on map

Contributed capital

74 368,06 €

Latest accounts

31/12/2025

Average workforce

1,5 ETP

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 52410Warehousing and support activities for transportation 52421Warehousing and support activities for transportation 47512Retail sale of textiles in specialised stores 47512Retail sale of textiles in specialised stores+4

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2023		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	165,6 k €	+14.7%	144,4 k €	-9.4%	159,3 k €	-11.7%	180,5 k €	-37.9%	290,8 k €	+44.0%	201,9 k €	+116%	93,7 k €	-30.6%	135 k €	-13.6%	156,2 k €	+17.0%	133,6 k €	+3.1%	129,5 k €	-4.0%	135 k €	-12.0%	153,4 k €	+66.3%	92,2 k €	-24.7%	122,5 k €	+50.1%	81,7 k €	+542%	-18,5 k €	-125%	73,3 k €	+0.7%	72,8 k €
EBITDA	116,7 k €	+5.2%	110,9 k €	+4.3%	106,3 k €	-28.3%	148,4 k €	-41.9%	255,5 k €	+58.7%	161 k €	+256%	-103,3 k €	-196%	107,3 k €	-27.2%	147,4 k €	+27.9%	115,3 k €	+17.7%	97,9 k €	-16.7%	117,5 k €	-20.9%	148,5 k €	+66.8%	89 k €	-24.0%	117,1 k €	+51.2%	77,5 k €	+391%	-26,6 k €	-154%	49,7 k €	+7.5%	46,2 k €
Operating result	82,5 k €	+15.2%	71,6 k €	+12.2%	63,9 k €	-35.7%	99,3 k €	-51.7%	205,5 k €	+51.5%	135,6 k €	+205%	-128,9 k €	-458%	36 k €	-55.7%	81,3 k €	+103%	40 k €	+85.4%	21,6 k €	-52.4%	45,4 k €	-54.0%	98,7 k €	+116%	45,6 k €	-26.8%	62,3 k €	+30.4%	47,8 k €	+185%	-56,1 k €	-224%	45,2 k €	+6.5%	42,5 k €
Net result	57,3 k €	+15.7%	49,5 k €	+13.6%	43,6 k €	+25.7%	34,7 k €	-80.1%	174,3 k €	+60.6%	108,5 k €	+173%	-148,1 k €	-1153%	14,1 k €	-67.9%	43,8 k €	+92.8%	22,7 k €	+160%	-38,1 k €	-480%	10 k €	-81.7%	54,7 k €	+135%	23,3 k €	+39.3%	16,7 k €	+17.3%	14,2 k €	+131%	-46,1 k €	-246%	31,6 k €	+43.1%	22,1 k €
Balance sheet
Equity	565 k €	+26.4%	447,1 k €	+12.5%	397,5 k €	+12.3%	353,9 k €	+10.9%	319,2 k €	+120%	144,9 k €	+298%	36,4 k €	-80.3%	184,6 k €	+8.2%	170,5 k €	+34.6%	126,7 k €	+21.9%	104 k €	-26.8%	142 k €	+7.6%	132 k €	+70.8%	77,3 k €	+43.0%	54,1 k €	+44.6%	37,4 k €	+118%	17,1 k €	-71.4%	59,9 k €	+111%	28,4 k €
Total assets	880,1 k €	-7.9%	955,5 k €	+8.4%	881,1 k €	+3.3%	852,7 k €	+1.4%	841 k €	+9.5%	767,8 k €	-18.3%	939,8 k €	+10.2%	852,7 k €	+35.8%	628,1 k €	-8.1%	683,2 k €	+18.9%	574,5 k €	-1.1%	580,9 k €	+31.4%	442 k €	+12.2%	393,8 k €	-7.6%	426,2 k €	-28.1%	593,1 k €	+24.1%	478,1 k €	+290%	122,5 k €	+8.5%	112,9 k €
Cash	114,8 k €	+3.9%	110,5 k €	+152%	43,9 k €	+127%	19,4 k €	-14.9%	22,8 k €	+339%	5,2 k €		–		–		3,7 k €		–		11,1 k €		–		36,9 k €		–		–		–		–		10,8 k €	+286%	2,8 k €
Debts	315,2 k €	-38.0%	508,4 k €	+5.1%	483,6 k €	-3.1%	498,8 k €	-4.4%	521,8 k €	-16.2%	622,8 k €	-31.1%	903,4 k €	+40.0%	645,1 k €	+41.2%	456,9 k €	-17.8%	555,7 k €	+18.3%	469,8 k €	+7.0%	438,9 k €	+41.6%	310 k €	-2.0%	316,5 k €	-15.0%	372,1 k €	-33.0%	555,7 k €	+20.6%	460,9 k €	+637%	62,6 k €	-26.0%	84,6 k €
Other
Workforce	1,5 ETP	+150%	0,6 ETP	-25.0%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 ETP	+250%	0,2 ETP	-75.0%	0,8 ETP	+167%	0,3 ETP	-62.5%	0,8 ETP	+60.0%	0,5 ETP		–		–		–		0,0 ETP	-100%	0,7 ETP	-12.5%	0,8 ETP	0.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

PHILIPPE BIELEN

Managing director · since 14 septembre 2012

Active

HILDE KONINGS

Director · since 30 janvier 2008

Active

Ended mandates

Hilde Konings

Director · since 10 octobre 2013 · until 10 octobre 2019

Ended

Philippe Bielen

Mandate · since 10 octobre 2013 · until 10 octobre 2019

Ended

HILDE KONINGS

Director · since 14 septembre 2012

Ended

ELISABETH VANDIJCK

Director

Ended

At this address

Other companies at this address

Company	CBE no.
BIKO● Active	0893.259.835
IMMO LEVA● Active	0426.622.331

Annual accounts

Full financial information

	2025	2023	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	15/02/2023	15/02/2022	15/02/2021	15/02/2020	15/02/2019
Closing of the financial year	31/12/2025	31/12/2023	14/02/2023	14/02/2022	14/02/2021	14/02/2020
Length of the financial year	12 months	11 months	13 months	13 months	13 months	13 months
Filing date	31/08/2026	20/08/2024	17/08/2023	17/08/2022	30/09/2021	30/11/2020
General meeting	27/07/2026	02/04/2024	20/07/2023	08/08/2022	29/09/2021	27/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/07/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2023	02/04/2024	20/08/2024	Dutch	PDF
Abridged model	14/02/2023	20/07/2023	17/08/2023	Dutch	PDF
Abridged model	14/02/2022	08/08/2022	17/08/2022	Dutch	PDF
Abridged model	14/02/2021	29/09/2021	30/09/2021	Dutch	PDF
Abridged model	14/02/2020	27/11/2020	30/11/2020	Dutch	PDF
Abridged model	14/02/2019	18/09/2019	18/09/2019	Dutch	PDF
Abridged model	14/02/2018	11/12/2018	14/12/2018	Dutch	PDF
Abridged model	14/02/2017	13/12/2017	19/12/2017	Dutch	PDF
Abridged model	14/02/2016	28/09/2016	11/10/2016	Dutch	PDF
Abridged model	14/02/2015	30/09/2015	30/09/2015	Dutch	PDF
Abridged model	14/02/2014	26/09/2014	29/09/2014	Dutch	PDF
Abridged model	14/02/2013	10/10/2013	11/10/2013	Dutch	PDF
Abridged model	14/02/2012	14/09/2012	27/09/2012	Dutch	PDF
Abridged model	14/02/2011	15/09/2011	07/11/2011	Dutch	PDF
Abridged model	14/02/2010	14/09/2010	16/09/2010	Dutch	PDF
Abridged model	14/02/2009	07/09/2009	08/09/2009	Dutch	PDF
Abridged model	14/02/2008	12/06/2008	27/06/2008	Dutch	PDF
Abridged model	14/02/2007	01/04/2007	12/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 10 ended

Active mandates

PHILIPPE BIELEN

Managing director · since 14 septembre 2012

Active

HILDE KONINGS

Director · since 30 janvier 2008

Active

Ended mandates

Hilde Konings

Director · since 10 octobre 2013 · until 10 octobre 2019

Ended

Philippe Bielen

Mandate · since 10 octobre 2013 · until 10 octobre 2019

Ended

HILDE KONINGS

Director · since 14 septembre 2012

Ended

ELISABETH VANDIJCK

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office27/08/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/11/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/03/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2006
ONTSLAGEN - BENOEMINGEN
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 202557,3 k €↑
2023
Annual accounts 202349,5 k €↑
2023
Annual accounts 202343,6 k €↑
2022
Annual accounts 202234,7 k €↓
2021
Annual accounts 2021174,3 k €↑
2020
Annual accounts 2020108,5 k €↑
2019
Annual accounts 2019-148,1 k €↓
2018
Annual accounts 201814,1 k €↓
2017
Annual accounts 201743,8 k €↑
2016
Annual accounts 201622,7 k €↑
2015
Annual accounts 2015-38,1 k €↓
2014
Annual accounts 201410 k €↓
2013
Annual accounts 201354,7 k €↑
2012
Annual accounts 201223,3 k €↑
2011
Annual accounts 201116,7 k €↑
2010
Annual accounts 201014,2 k €↑
2009
Annual accounts 2009-46,1 k €↓
2008
Annual accounts 200831,6 k €↑
2007
Annual accounts 200722,1 k €
23/10/1992
IncorporationPublic limited company

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

HELES

Overview

What does HELES 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