Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
HELLIN MICHEL from Mortsel, company number BE0870136718, closed financial year 2025 with a result of € -17,128 after tax. For that financial year HELLIN MICHEL recorded a gross margin of € -14,673 and equity of € 237,519. Compared with financial year 2024, the result moved from € -30,397 to € -17,128. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 24, 2026.
€ 237,519
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,128
▲ 44 % less loss than in 2024
Profit after tax over the fiscal year.
€ 40,773
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 218,919.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 122
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,414
▲ € 1,410 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 23,003 | € 3,582 | € -7,920 | € -14,673 | ▼ € 6,752 |
| Profit after taxes | € 274,554 | € -27,859 | € -30,397 | € -17,128 | ▲ € 13,269 |
| Equity | € 365,279 | € 320,751 | € 266,855 | € 237,519 | ▼ 11% |
| Total debts | € 120,034 | € 25,505 | € 30,752 | € 16,865 | ▼ 45% |
| Cash | € 363,181 | € 101,835 | € 76,630 | € 40,773 | ▼ 47% |
| Land & buildings | € 46,610 | € 27,853 | € 9,800 | € 0 | ▼ 100% |
| Retained profit | € 346,679 | € 302,151 | € 248,255 | € 218,919 | ▼ 12% |
| Dividend | € 130,882 | € 16,669 | € 23,499 | € 12,207 | ▼ 48% |
| Bank debt | € 7,919 | € 17 | € 0 | € 0 | |
| Balance sheet total | € 485,313 | € 346,255 | € 297,607 | € 254,384 | ▼ 15% |
Key figures of HELLIN MICHEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to HELLIN MICHEL?
What happened at HELLIN MICHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,128. Source: NBB ↗
- New establishment in Mortsel. KBO
- Start of the company according to the CBE. KBO
In short
From € 274,554 profit in 2022 to € 17,128 loss in 2025.
Paid € 30,143 in corporate taxes since 2022.
Best year ever: 2022, with € 274,554 profit.
Paid out € 183,258 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Michel Hellin
Director
Establishments
Establishment units
Physical locations of this company
Selland 1
2640 Mortsel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0870.136.718
- VAT number
- BE 0870.136.718
- Registered office
- Selland 1, 2640 Mortsel
- Names & denominations
- HELLIN MICHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2004
- Peppol
- Active · Active since 3 Sept 2026
- Activities · NACE
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