Checked.be
Active
BE 0803.050.429Private limited company
Cosmelle
Hoge Weg 215 ·2940 Stabroek, Belgium· 3 yrs active
Sector: Beauty care and other beauty treatments
(96220)
Conclusion
The computed 12-month bankruptcy probability of Cosmelle is 1.9% (moderate). The 2025 annual accounts show equity of €48k and a net result of €22k. Equity is growing by ~61.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 4350 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €48k |
| Net result | €22k |
| Staff (FTE) | 2.6 |
| Better than sector | 43% |
Financial profile
70
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
100
Solvency
23
Growth
78
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
56
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
31
2023
51
2024
56
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.97 (< 1.0)
-10
Leverage
Debt/equity 4.16 (> 3.0)
-10
Profitability
ROE 45% (≥ 10%)
+10
Interest coverage
Interest coverage 5.9× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~61.3%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 96, Personal service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.4% | 28.3% | |
| Net result | €22k | €3k | |
| Equity | €48k | €17k | |
| Gross operating margin | €165k | €28k | |
| Staff costs | €116k | €43k |
€47k
+30.3%
23-25
€22k
+89.1%
23-25
€35k
+44.6%
23-25
€250k
+12.1%
23-25
€48k
+80.2%
23-25
€-2k
+90.3%
23-25
3
+100.0%
23-25
€116k
+91.6%
23-25
€7k
+80.0%
23-25
€201k
+2.8%
23-25
€69k
+33.7%
23-25
€132k
-8.3%
23-25
0.97
+73.6%
23-25
0.91
+95.4%
23-25
19.4%
+60.7%
23-25
4.16
-43.0%
23-25
44.5%
+4.9%
23-25
8.6%
+68.6%
23-25
5.91
+35.3%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €47k | €36k | €9k |
| Net profit | €22k | €11k | €346 |
| Cash flow | €35k | €24k | €6k |
| Staff costs | €116k | €61k | €13k |
| Income taxes | €7k | €4k | €33 |
| Dividends | - | - | - |
| Total assets | €250k | €223k | €220k |
| Equity | €48k | €27k | €15k |
| Debt | €201k | €196k | €205k |
| of which ≤ 1y | €69k | €52k | €52k |
| of which > 1y | €132k | €144k | €153k |
| Working capital | €-2k | €-23k | €-31k |
| Employees (FTE) | 2.6 | 1.3 | 0.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 0.97 | 0.56 | 0.40 |
| Quick ratio | 0.91 | 0.46 | 0.35 |
| Working capital ratio | -0.9% | -10.3% | -14.1% |
| Solvency | 19.4% | 12.1% | 7.0% |
| Debt / equity | 4.16 | 7.29 | 13.24 |
| Long-term debt ratio | 2.73 | 5.36 | 9.88 |
| Interest coverage | 5.91 | 4.37 | 2.93 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 8.6% | 5.1% | 0.2% |
| ROE | 44.5% | 42.4% | 2.2% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €250k | €223k | €220k |
| Fixed assets | 21/28 | €183k | €194k | €199k |
| Tangible fixed assets | 22/27 | €183k | €194k | €199k |
| Current assets | 29/58 | €67k | €29k | €21k |
| Stocks & contracts in progress | 3 | €4k | €5k | €3k |
| Amounts receivable within one year | 40/41 | €7k | €51 | €13k |
| Cash & bank | 54/58 | €56k | €24k | €5k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €250k | €223k | €220k |
| Equity | 10/15 | €48k | €27k | €15k |
| Contributions / capital | 10/11 | €15k | €15k | €15k |
| Reserves | 13 | €33k | €12k | €346 |
| Amounts payable | 17/49 | €201k | €196k | €205k |
| Amounts payable after one year | 17 | €132k | €144k | €153k |
| Amounts payable within one year | 42/48 | €69k | €52k | €52k |
| Trade debts payable within one year | 44 | €6k | €5k | €15k |
| Income statement | ||||
| Gross operating margin | 9900 | €165k | €98k | €23k |
| Operating result | 9901 | €34k | €23k | €4k |
| Financial income | 75 | €3k | - | - |
| Financial charges | 65 | €8k | €8k | €3k |
| Result before taxes | 9903 | €28k | €15k | €378 |
| Income taxes | 67/77 | €7k | €4k | €33 |
| Net result for the period | 9904 | €22k | €11k | €346 |
| Result to be appropriated | 9905 | €22k | €11k | €346 |
Legal Structure
| NACE primary | Beauty care and other beauty treatments(96220) |
| Legal form | Private limited company(610) |
| Incorporation | 22-06-2023 |
| Status | Active |
| Postal code | 2940 |
Establishment units
Hoevens Maatwerk
since 20232.346.590.544
Cosmelle
since 20232.348.404.147
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11020I0135/00E000 | Flanders | 1,181 m² | 1 · 154 m² | 8.6 m · 2 fl. |
| 11020I0497/00X002 | Flanders | 208 m² | 1 · 143 m² | 10.3 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2023net €22k ▲89.1%
Operating result €34k, net result €22k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Beauty treatment96022Beauty care and other beauty treatments96220Other non-specialised retail sale47120Retail trade47910Activities of interior architects71112Design of textile patterns, clothing, jewellery, furniture and decorative items74111
Names & trade names
| Legal nameNL | Cosmelle |
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