BUSINESS
ActiveSummary
BUSINESS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€112,488) and a net result of €39,539. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-21
Solvency8▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.29 against 3.28 in 2024; short-term debt: 24.5% and cash: 4.7% of total assets), but equity is negative.
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Signals
Seven 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16.6%
Return on assets
5.8%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 305 sector peers (2025).
NBB · sector comparisonPosition among 305 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
40 d late
2022
10 d late
2021
4 d early
2020
6 d early
2019
25 d early
← 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 2 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 3 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€39,539▼ 73.9%
2024 · €151,654
Working capital
€214,028▲ 1.7%
2024 · €210,519
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€55,214-€7,294▲ 86.8%€97,534€156,175▲ 60.1%€43,715▼ 72.0%
Net result-€60,386below the sector's middle half-€19,954below the sector's middle half▲ 67.0%€87,779above the sector's middle half€151,654above the sector's middle half▲ 72.8%€39,539within the sector's middle half▼ 73.9%
Equity-€371,506below the sector's middle half▼ 19.4%-€391,460below the sector's middle half▼ 5.4%-€303,681below the sector's middle half▲ 22.4%-€152,027below the sector's middle half▲ 49.9%-€112,488below the sector's middle half▲ 26.0%
Total assets€793,745above the sector's middle half▲ 102%€688,390within the sector's middle half▼ 13.3%€708,128within the sector's middle half▲ 2.9%€666,840within the sector's middle half▼ 5.8%€677,087within the sector's middle half▲ 1.5%
Debt€1.2m▲ 65.6%€1.1m▼ 7.3%€1.0m▼ 6.3%€818,866▼ 19.1%€789,574▼ 3.6%
Working capital-€785,218below the sector's middle half▼ 101%€101,675within the sector's middle half€168,648within the sector's middle half▲ 65.9%€210,519within the sector's middle half▲ 24.8%€214,028within the sector's middle half▲ 1.7%
Solvency-46.8%below the sector's middle half▲ 32.5pp-56.9%below the sector's middle half▼ 10.1pp-42.9%below the sector's middle half▲ 14.0pp-22.8%below the sector's middle half▲ 20.1pp-16.6%below the sector's middle half▲ 6.2pp
Current ratio0.24below the sector's middle half▼ 0.212.04within the sector's middle half▲ 1.802.48above the sector's middle half▲ 0.443.28above the sector's middle half▲ 0.802.29within the sector's middle half▼ 0.99
Return on assets (ROA)-7.6%below the sector's middle half▼ 28.0pp-2.9%within the sector's middle half▲ 4.7pp12.4%above the sector's middle half▲ 15.3pp22.7%above the sector's middle half▲ 10.3pp5.8%within the sector's middle half▼ 16.9pp
Staff (FTE)6.6▲ 22.2%20.6within the sector's middle half▲ 212%9within the sector's middle half11.8within the sector's middle half▲ 31.1%
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.
Why a figure moved sharply
- 2022 Staff (FTE) +212% on 2021. The accounts now follow the full schema, last year the micro schema.
Staff figure corrected
- 2022 Filed: 212,856.9; shown: 20.6 (source: social balance report). The filed figure means under EUR 100 of staff costs per FTE.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €677,087
Fixed assets
€297,022 ▼ 18.4%
Current assets
€380,065 ▲ 25.4%
Key figures and ratios
EBITDA
€97,451▼
2024 · €221,875
Cash flow
€93,274▼
2024 · €217,354
Quick ratio
2.25▼
2024 · 3.15
Debt to equity
-7.02▼
2024 · -5.39
Interest coverage
9.34▼
2024 · 23.61
Debt ≤ 1 year
€166,037▲
2024 · €92,500
Debt > 1 year
€623,537▼
2024 · €726,367
Staff costs
€145,640▼
2024 · €165,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 317 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.1%
stopped otherwise
92%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 317 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €212,857 | €152,191 | €165,777 | €145,640 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,994 | €70,115 | €72,215 | €65,700 | €53,735 | ▼ 18.2% |
| Other operating charges640/8 | - | €56,014 | €16,666 | €448 | €429 | ▼ 4.2% |
| Non-recurring operating charges66A | - | - | - | €375 | €13,064 | ▲ 3,384% |
| Gross operating margin9900 | €100,710 | €331,692 | €338,607 | €388,475 | €256,583 | ▼ 34.0% |
| Operating profit (loss)9901 | -€55,214 | -€7,294 | €97,534 | €156,175 | €43,715 | ▼ 72.0% |
| Financial income75/76B | - | €13 | €75 | €4,878 | €6,255 | ▲ 28.2% |
| Recurring financial income75 | - | €13 | €75 | €4,878 | €6,255 | ▲ 28.2% |
| Financial charges65/66B | - | €12,673 | €9,830 | €9,399 | €10,431 | ▲ 11.0% |
| Recurring financial charges65 | €5,172 | €12,673 | €9,830 | €9,399 | €10,431 | ▲ 11.0% |
| Profit (loss) for the period before taxes9903 | -€60,386 | -€19,954 | €87,779 | €151,654 | €39,539 | ▼ 73.9% |
| Profit (loss) for the period9904 | -€60,386 | -€19,954 | €87,779 | €151,654 | €39,539 | ▼ 73.9% |
| Profit (loss) for the period to be appropriated9905 | -€60,386 | -€19,954 | €87,779 | €151,654 | €39,539 | ▼ 73.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €793,745 | €688,390 | €708,128 | €666,840 | €677,087 | ▲ 1.5% |
| Fixed assets21/28 | €548,141 | €488,914 | €425,220 | €363,821 | €297,022 | ▼ 18.4% |
| Tangible fixed assets22/27 | €548,141 | €488,644 | €424,950 | €363,551 | €296,752 | ▼ 18.4% |
| Plant, machinery and equipment23 | - | €264 | €2,214 | €1,517 | €820 | ▼ 46.0% |
| Furniture and vehicles24 | - | €12,619 | €11,147 | €11,759 | €3,450 | ▼ 70.7% |
| Other tangible fixed assets26 | - | €475,761 | €411,589 | €350,275 | €292,482 | ▼ 16.5% |
| Financial fixed assets28 | - | €270 | €270 | €270 | €270 | = |
| Current assets29/58 | €245,604 | €199,475 | €282,908 | €303,019 | €380,065 | ▲ 25.4% |
| Amounts receivable after more than one year29 | - | €115,000 | €115,000 | €115,000 | €115,000 | = |
| Other amounts receivable291 | - | €115,000 | €115,000 | €115,000 | €115,000 | = |
| Stocks and contracts in progress3 | €10,503 | €13,435 | €6,817 | €11,793 | €6,670 | ▼ 43.4% |
| Stocks30/36 | - | €13,435 | €6,817 | €11,793 | €6,670 | ▼ 43.4% |
| Amounts receivable within one year40/41 | €171,535 | €22,721 | €79,214 | €116,384 | €219,720 | ▲ 88.8% |
| Trade receivables40 | - | €7,075 | €64,118 | €116,284 | €43,430 | ▼ 62.7% |
| Other amounts receivable41 | - | €15,646 | €15,096 | €100 | €176,290 | ▲ 176,437% |
| Cash at bank and in hand54/58 | €61,834 | €44,886 | €80,035 | €58,921 | €31,839 | ▼ 46.0% |
| Deferred charges and accrued income490/1 | - | €3,433 | €1,842 | €921 | €6,837 | ▲ 642% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €793,745 | €688,390 | €708,128 | €666,840 | €677,087 | ▲ 1.5% |
| Equity10/15 | -€371,506 | -€391,460 | -€303,681 | -€152,027 | -€112,488 | ▲ 26.0% |
| Contributions10/11 | €111,552 | €111,552 | €111,552 | €111,552 | €111,552 | = |
| Capital10 | - | €111,552 | €111,552 | €111,552 | €111,552 | = |
| Issued capital100 | - | €111,552 | €111,552 | €111,552 | €111,552 | = |
| Profit (loss) carried forward14 | -€483,058 | -€503,012 | -€415,233 | -€263,579 | -€224,040 | ▲ 15.0% |
| Amounts payable17/49 | €1.2m | €1.1m | €1.0m | €818,866 | €789,574 | ▼ 3.6% |
| Amounts payable after more than one year17 | €134,429 | €982,049 | €897,548 | €726,367 | €623,537 | ▼ 14.2% |
| Financial debts170/4 | - | €573,049 | €529,843 | €515,391 | €500,560 | ▼ 2.9% |
| Other amounts payable178/9 | - | €409,000 | €367,705 | €210,976 | €122,977 | ▼ 41.7% |
| Amounts payable within one year42/48 | €1.0m | €97,801 | €114,260 | €92,500 | €166,037 | ▲ 79.5% |
| Current portion of amounts payable after more than one year42 | - | €19,865 | €15,252 | €6,153 | €17,379 | ▲ 182% |
| Trade debts44 | €730,642 | €34,425 | €43,086 | €53,115 | €28,619 | ▼ 46.1% |
| Suppliers440/4 | - | €34,425 | €43,086 | €53,115 | €28,619 | ▼ 46.1% |
| Taxes, remuneration and social security45 | - | €27,891 | €25,864 | €15,578 | €17,242 | ▲ 10.7% |
| Taxes450/3 | - | €17,230 | €15,255 | €1,154 | €5,777 | ▲ 401% |
| Remuneration and social security454/9 | - | €10,661 | €10,608 | €14,424 | €11,466 | ▼ 20.5% |
| Other amounts payable47/48 | - | €15,620 | €30,059 | €17,654 | €102,797 | ▲ 482% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€60,386 | -€19,954 | €87,779 | €151,654 | €39,539 | ▼ 73.9% |
| + Depreciation and write-downs630 | €37,994 | €70,115 | €72,215 | €65,700 | €53,735 | ▼ 18.2% |
| Operating cash flow (approximation) | -€22,392 | €50,161 | €159,994 | €217,354 | €93,274 | ▼ 57.1% |
| Investment in fixed assets (approximation) | - | -€10,888 | -€8,521 | -€4,300 | €13,064 | ▲ 404% |
| Change in cash | - | -€16,948 | €35,149 | -€21,114 | -€27,082 | ▼ 28.3% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 40 days late
2023
30-06
Financial
Back to profitnet €87,779
Net result €87,779 after 2 loss-making years.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
30-06
Financial
Liquidity times 9current ratio 2.04
Current ratio from 0.24 to 2.04; short-term debt falls from €1.0m to €97,801.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€60,386
Net result drops to -€60,386, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-01
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 8 acts read
About the unread acts
We know of 8 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
8 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, Etterbeek · 2 establishment units since 1994
Ground area
150 m²
Building footprint
326 m²
Volume, LiDAR
6,151 m³
2 parcels, Brussels · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
Olivier Dachkin
since 19942.069.160.250
LATYPIQ
since 20012.069.160.349
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0570/00S004 | Brussels | 81 m² | 1 · 83 m² | 18.5 m · 5 fl. |
| 21005A0569/00D003 | Brussels | 69 m² | 1 · 243 m² | 23.9 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtterbeek2.069.160.349
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Of 21,732 companies in sector 96210 we hold annual accounts for 2,835. 225 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-08-1994
Fiscal year end30-06
Activities, NACEBEL 2025
96210Hairdressing and barber services
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453241309
Registered
25-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.