ACTIVE

HELFATHERM

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Financial year 2025 · closed on 31/12/2025

Net result

72,6 k €

+179.3% YoY

Gross margin

161,1 k €

+74.4% YoY

Equity

148 k €

+65.7% YoY

What does HELFATHERM do?

HELFATHERM is a Private limited company incorporated in 2004. Its registered office is in Kelmis.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.606.728

Incorporation

08/04/2004

Legal form

Private limited company

Registered office

Rue Bau 41A
4720 Kelmis · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	161,1 k €	+74.4%	92,4 k €	-7.4%	99,8 k €	+50.8%	66,2 k €	+19.1%	55,6 k €	-10.8%	62,3 k €	+3.9%	60 k €	-22.9%	77,8 k €	-37.9%	125,2 k €	-59.3%	307,5 k €	-19.9%	384,1 k €	+2.3%	375,4 k €	-7.0%	403,4 k €	-18.8%	496,9 k €	+39.4%	356,3 k €	-4.7%	374 k €	-1.2%	378,7 k €	-16.6%	454,2 k €	+15.0%	395,1 k €	+30.7%	302,3 k €
EBITDA	129,8 k €	+114%	60,8 k €	-0.5%	61,1 k €	+62.7%	37,5 k €	+57.2%	23,9 k €	-37.7%	38,3 k €	+14.3%	33,5 k €	+8.3%	31 k €	+86.4%	16,6 k €	-62.4%	44,1 k €	-12.0%	50,2 k €	-34.2%	76,3 k €	+41.5%	53,9 k €	-27.1%	74 k €	+48.5%	49,8 k €	-41.8%	85,6 k €	-42.9%	150 k €	+862%	15,6 k €	-85.5%	107,6 k €	+3.7%	103,7 k €
Operating result	101,8 k €	+154%	40,1 k €	+15.5%	34,7 k €	+387%	7,1 k €	+3213%	215,1 €	-98.2%	11,9 k €	+78.0%	6,7 k €	-44.2%	12 k €	+398%	-4 k €	-115%	27,2 k €	+174%	9,9 k €	-71.4%	34,8 k €	+192%	11,9 k €	-69.0%	38,5 k €	+2070%	1,8 k €	-95.4%	38,6 k €	-60.5%	97,6 k €	+351%	-38,8 k €	-209%	35,7 k €	+17.8%	30,3 k €
Net result	72,6 k €	+179%	26 k €	+12.2%	23,2 k €	+176%	8,4 k €	-28.9%	11,8 k €	+46.7%	8,1 k €	+56.9%	5,1 k €	-35.8%	8 k €	+186%	2,8 k €	+179%	1 k €	+119%	-5,3 k €	-175%	7,1 k €	+109%	3,4 k €	-44.9%	6,2 k €	+156%	-11 k €	-155%	19,9 k €	-45.5%	36,4 k €	+175%	-48,7 k €	-796%	7 k €	-33.9%	10,6 k €
Balance sheet
Equity	148 k €	+65.7%	89,3 k €	-6.3%	95,2 k €	-14.0%	110,7 k €	+3.2%	107,3 k €	+12.4%	95,5 k €	+9.2%	87,4 k €	+6.2%	82,3 k €	+10.8%	74,3 k €	+3.9%	71,5 k €	+1.4%	70,5 k €	-7.0%	75,8 k €	+10.4%	68,7 k €	+5.2%	65,3 k €	+10.4%	59,1 k €	-15.6%	70,1 k €	+39.5%	50,2 k €	+264%	13,8 k €	-77.9%	62,5 k €	+12.6%	55,5 k €
Total assets	336,6 k €	+30.3%	258,4 k €	+1.0%	255,8 k €	+8.9%	235 k €	+3.5%	227 k €	+3.1%	220,1 k €	-9.6%	243,4 k €	+9.2%	223 k €	-10.7%	249,8 k €	-27.3%	343,8 k €	-47.5%	655,5 k €	+2.7%	638,5 k €	-9.2%	703,5 k €	-7.5%	760,1 k €	-0.3%	762,4 k €	-0.2%	763,8 k €	-12.2%	869,5 k €	+10.5%	787,2 k €	-15.7%	934,2 k €	+38.5%	674,6 k €
Cash	73,9 k €	-23.7%	96,7 k €	-14.6%	113,2 k €	+29.4%	87,5 k €	+55.0%	56,5 k €	+45.0%	39 k €	+50.1%	25,9 k €	-27.3%	35,7 k €	+8.2%	33 k €	-68.2%	103,7 k €	+88.5%	55 k €	-17.6%	66,7 k €	+2.8%	64,9 k €	+10.1%	59 k €	-11.1%	66,3 k €	+78.3%	37,2 k €	-49.8%	74 k €		–		32,1 k €	+47.9%	21,7 k €
Debts	177,8 k €	+7.0%	166,2 k €	+5.3%	157,8 k €	+27.0%	124,3 k €	+3.8%	119,7 k €	-3.9%	124,6 k €	-20.1%	156 k €	+10.9%	140,7 k €	-19.8%	175,5 k €	-35.6%	272,3 k €	-53.4%	585 k €	+4.0%	562,7 k €	-11.4%	634,7 k €	-8.6%	694,8 k €	-1.2%	703,2 k €	+1.4%	693,7 k €	-15.3%	819,2 k €	+5.9%	773,4 k €	-11.3%	871,7 k €	+40.8%	619,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		8,1 ETP	+1.2%	8,0 ETP	-23.1%	10,4 ETP	-3.7%	10,8 ETP	+5.9%	10,2 ETP	+1.0%	10,1 ETP	+27.8%	7,9 ETP	-25.5%	10,6 ETP	+16.5%	9,1 ETP	+40.0%	6,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Fabrice HELLEBRANDT

Director · since 05 avril 2004

Active

Ended mandates

Fabrice HELLEBRANDT

Director

Ended

FABRICE HELLEBRANDT

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/05/2026	13/03/2025	08/03/2024	24/07/2023	25/07/2022	15/09/2021
General meeting	13/02/2026	13/02/2025	22/02/2024	30/06/2023	30/06/2022	10/09/2021
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
Micro model	31/12/2025	13/02/2026	28/05/2026	French	PDF
Micro model	31/12/2024	13/02/2025	13/03/2025	French	PDF
Micro model	31/12/2023	22/02/2024	08/03/2024	French	PDF
Micro model	31/12/2022	30/06/2023	24/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	25/07/2022	French	PDF
Micro model	31/12/2020	10/09/2021	15/09/2021	French	PDF
Micro model	31/12/2019	30/06/2020	02/09/2020	French	PDF
Micro model	31/12/2018	29/06/2019	28/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	24/07/2018	French	PDF
Micro model	31/12/2016	30/06/2017	03/07/2017	French	PDF
Abridged model	31/12/2015	21/09/2016	22/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	13/08/2013	French	PDF
Abridged model	31/12/2011	30/08/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	09/09/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	02/07/2010	French	PDF
Abridged model	31/12/2008	08/09/2009	09/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	02/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	28/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 2 ended

Active mandates

Fabrice HELLEBRANDT

Director · since 05 avril 2004

Active

Ended mandates

Fabrice HELLEBRANDT

Director

Ended

FABRICE HELLEBRANDT

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2023
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Registered office06/02/2017
SIEGE SOCIAL
PDF
Registered office14/12/2006
GESELLSCHAFTSSITZ
PDF
Mandates01/06/2004
ENTLASSUNG - ERNENNUNG
PDF
Other21/04/2004
RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
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 202572,6 k €↑
2024
Annual accounts 202426 k €↑
2023
Annual accounts 202323,2 k €↑
2022
Annual accounts 20228,4 k €↓
2021
Annual accounts 202111,8 k €↑
2020
Annual accounts 20208,1 k €↑
2019
Annual accounts 20195,1 k €↓
2018
Annual accounts 20188 k €↑
2017
Annual accounts 20172,8 k €↑
2016
Annual accounts 20161 k €↑
2015
Annual accounts 2015-5,3 k €↓
2014
Annual accounts 20147,1 k €↑
2013
Annual accounts 20133,4 k €↓
2012
Annual accounts 20126,2 k €↑
2011
Annual accounts 2011-11 k €↓
2010
Annual accounts 201019,9 k €↓
2009
Annual accounts 200936,4 k €↑
2008
Annual accounts 2008-48,7 k €↓
2007
Annual accounts 20077 k €↓
2006
Annual accounts 200610,6 k €
08/04/2004
IncorporationPrivate 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

HELFATHERM

Overview

What does HELFATHERM do?

Trend over 20 financial years

Indicative valuation

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