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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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HELI AND CO from Grâce-Hollogne, company number BE0876917909, closed financial year 2025 with a result of € 34,697 after tax. For that financial year HELI AND CO recorded a gross margin of € 564,659 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 20,432 to € 34,697. Profitable, and profit is growing. 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 July 10, 2026.
€ 1.2 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,697
▲ 70% vs 2024
Profit after tax over the fiscal year.
€ 152,798
▲ € 123,878 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -314,915.
People and assets in 2025
2.3
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 156,770
▼ 19% vs 2024
€ 68,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.8 million
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 377,823
▼ 64% vs 2024
Loans from banks and other lenders, long and short.
€ 759,395
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,736
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 20,293 | € 479,116 | € 541,750 | € 564,659 | ▲ 4% |
| Profit after taxes | € -339,170 | € 14,127 | € 20,432 | € 34,697 | ▲ 70% |
| Equity | € 1,119,785 | € 1,133,912 | € 1,154,345 | € 1,189,041 | ▲ 3% |
| Total debts | € 3,098,484 | € 1,787,025 | € 2,315,944 | € 2,057,244 | ▼ 11% |
| Cash | € 100,750 | € 67,061 | € 28,920 | € 152,798 | ▲ € 123,878 |
| Retained profit | € -384,170 | € -370,044 | € -349,611 | € -314,915 | ▲ € 34,697 |
| Bank debt | € 1,757,442 | € 682,269 | € 1,051,600 | € 377,823 | ▼ 64% |
| Balance sheet total | € 4,353,443 | € 3,086,559 | € 3,706,710 | € 3,393,633 | ▼ 8% |
| Employees (FTE) | 1.9 | 2.6 | 2.6 | 2.3 | ▼ 0.3 |
Key figures of HELI AND CO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HELI AND CO?
What happened at HELI AND CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Antoine CORNET DE WAYS RUART stepped down as director. NBB
- Maxime CORNET DE WAYS RUART stepped down as director. NBB
- Michel GRIGNARD stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 34,697 (▲ 70% vs 2024). Source: NBB ↗
- Antoine CORNET DE WAYS RUART became a director. NBB
- Maxime CORNET DE WAYS RUART became a director. NBB
- Michel GRIGNARD became a director. NBB
- New establishment in Grâce-Hollogne. KBO
In short
From € 339,170 loss in 2022 to € 34,697 profit in 2025.
Paid € 5,283 in corporate taxes since 2022.
Best year ever: 2025, with € 34,697 profit.
On average € 245,500 of value added per employee in 2025.
Management
The stake of AVIATION PARTNERS COMPANY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HELI AND COThe shares are held by AVIATION PARTNERS COMPANY (100%).
Directors
According to the 2025 annual accounts
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Aéroport de Liège bât 95
4460 Grâce-Hollogne
Rue Saint-Exupéry 22 box 1
4460 Grâce-Hollogne
Active since 8 November 2005
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0876.917.909
- VAT number
- BE 0876.917.909
- Registered office
- Aéroport de Liège bât 95, 4460 Grâce-Hollogne
- Names & denominations
- HELI AND CO · HELI & CO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 October 2005
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Personenvervoer door de lucht
Luchtvaart zonder dienstregeling
Diensten in verband met de luchtvaart
Overige ondersteunende activiteiten i.v.m. de luchtvaart
Luchtvaart volgens dienstregeling