BELCA M
ActiveSummary
BELCA M has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,786 and a net result of €1,319. Equity is growing by ~56.3% per year across the filed fiscal years. Its solvency ranks better than 67% of 4716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency74▲+23
Growth68▼-3
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
48 d late
2024
55 d late
2023
55 d late
2022
28 d early
2021
12 d early
2020
2 d early
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 September (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€23,622▼ 11.3%
2024 · €26,617
EBIT margin
6.0%▼ 4.1pp
2024 · 10.1%
Net result
€1,319▼ 48.9%
2024 · €2,581
Working capital
€3,786▲ 53.5%
2024 · €2,467
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€25,493▲ 131%€32,679▲ 28.2%€23,446▼ 28.3%€26,617▲ 13.5%€23,622▼ 11.3%
Operating result-€80▲ 96.7%€1,525€1,299▼ 14.8%€2,699▲ 108%€1,417▼ 47.5%
Net result-€207within the sector's middle half▲ 91.8%€1,473within the sector's middle half€1,115within the sector's middle half▼ 24.3%€2,581within the sector's middle half▲ 131%€1,319within the sector's middle half▼ 48.9%
EBIT margin-0.3%▲ 21.8pp4.7%▲ 5.0pp5.5%▲ 0.9pp10.1%▲ 4.6pp6.0%▼ 4.1pp
Equity-€2,702within the sector's middle half▼ 8.3%-€1,229within the sector's middle half▲ 54.5%-€114within the sector's middle half▲ 90.7%€2,467within the sector's middle half€3,786within the sector's middle half▲ 53.5%
Total assets€3,025below the sector's middle half▲ 68.9%€1,757below the sector's middle half▼ 41.9%€4,690below the sector's middle half▲ 167%€9,455below the sector's middle half▲ 102%€7,695below the sector's middle half▼ 18.6%
Debt€5,727▲ 33.6%€2,986▼ 47.9%€4,804▲ 60.9%€6,988▲ 45.5%€3,909▼ 44.1%
Working capital-€2,702within the sector's middle half▼ 8.3%-€1,229within the sector's middle half▲ 54.5%-€114within the sector's middle half▲ 90.7%€2,467within the sector's middle half€3,786within the sector's middle half▲ 53.5%
Solvency26.1%within the sector's middle half49.2%within the sector's middle half▲ 23.1pp
Current ratio1.35within the sector's middle half1.97within the sector's middle half▲ 0.62
Return on assets (ROA)27.3%above the sector's middle half17.1%above the sector's middle half▼ 10.2pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €7,695
Equity
€3,786 ▲ 53.5%
Debt
€3,909 ▼ 44.1%
Debt's share of the balance-sheet total falls from 73.9% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
1.03▼
2024 · 2.83
ROE
34.8%▼
2024 · 104.6%
Debt ≤ 1 year
€3,909▼
2024 · €6,988
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €25,493 | €32,679 | €23,446 | €26,617 | €23,622 | ▼ 11.3% |
| Non-recurring operating income76A | €1,500 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €26,207 | €31,154 | €21,428 | €23,913 | €21,777 | ▼ 8.9% |
| Other operating charges640/8 | €866 | - | €719 | €5 | €428 | ▲ 8,460% |
| Gross operating margin9900 | €786 | €1,525 | €2,018 | €2,704 | €1,845 | ▼ 31.8% |
| Operating profit (loss)9901 | -€80 | €1,525 | €1,299 | €2,699 | €1,417 | ▼ 47.5% |
| Financial charges65/66B | €127 | €52 | €184 | €118 | €98 | ▼ 16.9% |
| Recurring financial charges65 | €127 | €52 | €184 | €118 | €98 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | -€207 | €1,473 | €1,115 | €2,581 | €1,319 | ▼ 48.9% |
| Profit (loss) for the period9904 | -€207 | €1,473 | €1,115 | €2,581 | €1,319 | ▼ 48.9% |
| Profit (loss) for the period to be appropriated9905 | -€207 | €1,473 | €1,115 | €2,581 | €1,319 | ▼ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,025 | €1,757 | €4,690 | €9,455 | €7,695 | ▼ 18.6% |
| Current assets29/58 | €3,025 | €1,757 | €4,690 | €9,455 | €7,695 | ▼ 18.6% |
| Amounts receivable within one year40/41 | €214 | €144 | €2,381 | €5,687 | €5,687 | = |
| Trade receivables40 | €214 | €144 | €2,381 | €5,687 | €5,687 | = |
| Cash at bank and in hand54/58 | €1,211 | €813 | €325 | €905 | €1,048 | ▲ 15.8% |
| Deferred charges and accrued income490/1 | €1,600 | €800 | €1,984 | €2,863 | €960 | ▼ 66.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,025 | €1,757 | €4,690 | €9,455 | €7,695 | ▼ 18.6% |
| Equity10/15 | -€2,702 | -€1,229 | -€114 | €2,467 | €3,786 | ▲ 53.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€21,302 | -€19,829 | -€18,714 | -€16,133 | -€14,814 | ▲ 8.2% |
| Amounts payable17/49 | €5,727 | €2,986 | €4,804 | €6,988 | €3,909 | ▼ 44.1% |
| Amounts payable within one year42/48 | €5,727 | €2,986 | €4,804 | €6,988 | €3,909 | ▼ 44.1% |
| Trade debts44 | €648 | €584 | €1,969 | €1,302 | €1,617 | ▲ 24.2% |
| Suppliers440/4 | €648 | €584 | €1,969 | €1,302 | €1,617 | ▲ 24.2% |
| Taxes, remuneration and social security45 | €4,029 | €1,352 | €1,365 | €5,686 | €1,500 | ▼ 73.6% |
| Taxes450/3 | €1,529 | €1,140 | €1,365 | €1,686 | €1,500 | ▼ 11.0% |
| Remuneration and social security454/9 | €2,500 | €212 | - | €4,000 | - | - |
| Other amounts payable47/48 | €1,050 | €1,050 | €1,470 | - | €792 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€207 | €1,473 | €1,115 | €2,581 | €1,319 | ▼ 48.9% |
| Operating cash flow (approximation) | -€207 | €1,473 | €1,115 | €2,581 | €1,319 | ▼ 48.9% |
| Change in cash | - | -€398 | -€488 | €580 | €143 | ▼ 75.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Highest result since 2018net €2,581 ▲131%
Operating result €2,699, net result €2,581, both a record.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,473
Net result €1,473 after 4 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€25,362
Net result drops to -€25,362, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 21current ratio 1.02
Current ratio from 0.05 to 1.02; short-term debt falls from €19,213 to €1,146.
11-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 103 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koekelberg · 1 establishment unit since 2014
Ground area
242 m²
Building footprint
180 m²
Volume, LiDAR
1,906 m³
Parcel 21492B0330/00P000, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Coiffeur Koekelberg
since 20142.228.937.462
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0330/00P000 | Brussels | 241 m² | 1 · 180 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,732 companies in sector 96210 we hold annual accounts for 2,835. 1,834 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0542534757
Registered
14-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.