Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
74 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HELMGRAS CONSTRUCT from Waregem, company number BE0774788191, closed financial year 2025 with a result of € -17,609 after tax. For that financial year HELMGRAS CONSTRUCT recorded a gross margin of € -16,655 and equity of € 261,195. Compared with financial year 2024, the result moved from € -17,670 to € -17,609. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 15, 2025.
€ 261,195
▲ 70% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,609
Profit after tax over the fiscal year.
€ 12,897
▲ 151% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38,805.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 75,000
▼ 25% vs 2024
Loans from banks and other lenders, long and short.
€ 43,902
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | - | € -16,998 | € -16,655 | ▲ € 343 |
| Profit after taxes | € -3,526 | € -17,670 | € -17,609 | |
| Equity | € 171,474 | € 153,804 | € 261,195 | ▲ 70% |
| Total debts | € 16,243 | € 150,511 | € 128,873 | ▼ 14% |
| Cash | € 77,800 | € 5,143 | € 12,897 | ▲ 151% |
| Retained profit | € -3,526 | € -21,196 | € -38,805 | ▼ € 17,609 |
| Bank debt | € 0 | € 100,000 | € 75,000 | ▼ 25% |
| Balance sheet total | € 187,717 | € 304,315 | € 390,068 | ▲ 28% |
Key figures of HELMGRAS CONSTRUCT, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to HELMGRAS CONSTRUCT?
What happened at HELMGRAS CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Davy DEMUYNCK stepped down as director. NBB
- Harmony NV stepped down as director. NBB
- Kristof VANFLETEREN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 17,609. Source: NBB ↗
- New establishment in Waregem. KBO
- Davy DEMUYNCK became a director. NBB
- Harmony NV became a director. NBB
- Kristof VANFLETEREN became a director. NBB
In short
From € 3,526 loss in 2023 to € 17,609 loss in 2025.
Management
The stake of Helmgras Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HELMGRAS CONSTRUCTThe shares are held by Helmgras Holding (100%).
Directors
According to the 2025 annual accounts
Davy DEMUYNCK
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2021 · until 2027
since 2021 · until 2027
Kristof VANFLETEREN
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 74 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+69 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0774.788.191
- VAT number
- BE 0774.788.191
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- HELMGRAS CONSTRUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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