Cutting Ends
ActiveSummary
Cutting Ends has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,929 and a net result of €5,171. Its solvency ranks better than 66% of 5,686 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Equity
- €16,929
- Profit
- €5,171
Why 69raises riskFounded in 2024Size: total assets €36,014lowers riskLiquidity: current ratio 0.99, cash €10,346Equity €16,929 (47.0% of total assets)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 66% on solvency, 63% on liquidity, 75% on profitability and 80% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 25 days before the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointments: SWINNEN Henk (director) and…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 37% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
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 497,445 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% | 0.9% |
| 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 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,749 | €20,070 | ▲ 46.0% |
| Other operating charges640/8 | €1,514 | €1,088 | ▼ 28.1% |
| Gross operating margin9900 | €30,045 | €30,473 | ▲ 1.4% |
| Operating profit (loss)9901 | €14,782 | €9,315 | ▼ 37.0% |
| Financial income75/76B | €2 | €0 | ▼ 98.6% |
| Recurring financial income75 | €2 | €0 | ▼ 98.6% |
| Financial charges65/66B | €61 | €30 | ▼ 50.4% |
| Recurring financial charges65 | €61 | €30 | ▼ 50.4% |
| Profit (loss) for the period before taxes9903 | €14,723 | €9,285 | ▼ 36.9% |
| Income taxes67/77 | €3,965 | €4,114 | ▲ 3.8% |
| Profit (loss) for the period9904 | €10,758 | €5,171 | ▼ 51.9% |
| Profit (loss) for the period to be appropriated9905 | €10,758 | €5,171 | ▼ 51.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,337 | €36,014 | ▼ 34.9% |
| Fixed assets21/28 | €37,211 | €17,141 | ▼ 53.9% |
| Tangible fixed assets22/27 | €37,211 | €17,141 | ▼ 53.9% |
| Plant, machinery and equipment23 | €25,098 | €14,277 | ▼ 43.1% |
| Furniture and vehicles24 | €12,114 | €2,864 | ▼ 76.4% |
| Current assets29/58 | €18,126 | €18,873 | ▲ 4.1% |
| Stocks and contracts in progress3 | €8,629 | €6,710 | ▼ 22.2% |
| Stocks30/36 | €8,629 | €6,710 | ▼ 22.2% |
| Amounts receivable within one year40/41 | €75 | €1,494 | ▲ 20× |
| Trade receivables40 | - | €1,274 | - |
| Other amounts receivable41 | €75 | €220 | ▲ 192% |
| Cash at bank and in hand54/58 | €9,422 | €10,346 | ▲ 9.8% |
| Deferred charges and accrued income490/1 | - | €322 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,337 | €36,014 | ▼ 34.9% |
| Equity10/15 | €11,758 | €16,929 | ▲ 44.0% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €10,758 | €15,929 | ▲ 48.1% |
| Distributable reserves133 | €10,758 | €15,929 | ▲ 48.1% |
| Amounts payable17/49 | €43,579 | €19,086 | ▼ 56.2% |
| Amounts payable within one year42/48 | €43,579 | €19,086 | ▼ 56.2% |
| Trade debts44 | €894 | €767 | ▼ 14.2% |
| Suppliers440/4 | €894 | €767 | ▼ 14.2% |
| Taxes, remuneration and social security45 | €7,455 | €6,055 | ▼ 18.8% |
| Taxes450/3 | €7,455 | €6,055 | ▼ 18.8% |
| Other amounts payable47/48 | €35,230 | €12,264 | ▼ 65.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,758 | €5,171 | ▼ 51.9% |
| + Depreciation and write-downs630 | €13,749 | €20,070 | ▲ 46.0% |
| Operating cash flow (approximation) | €24,508 | €25,241 | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €925 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00273773 |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00224431 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| MOROCAZAN Laura |
|
| SWINNEN Henk |
|
Owners and capital
Capital and shareholders
- SWINNEN Henk 50 shares (50%) · €500 in cash
- MOROCAZAN Laura 50 shares (50%) · €500 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 20-03-2024 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-03
Gazette deed
IncorporationAppointments: SWINNEN Henk (director) and MOROCAZAN Laura (director) · Founder · Registered office clause11 facts ▸
- Incorporation, 18-03-2024
- Founder, SWINNEN Henk
- Founder, MOROCAZAN Laura
- Registered office clause, “Tiensestraat 207 3000 Leuven” (deed in Dutch)
- Registered office clause, “Vlaams Gewest” (deed in Dutch)
- Founding capital, €1,000
- Other provision, “vaststelling statuten, comparanten” (deed in Dutch)
- Registered office clause, “3000 Leuven,Tiensestraat 207” (deed in Dutch)
- Board rule, 2, “vergadering” (deed in Dutch)
- Director appointment, SWINNEN Henk (director (not named in the articles))
- Director appointment, MOROCAZAN Laura (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24502B0394/00G000 | Flanders | 107 m² | 1 · 85 m² | 11.9 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De uitbating van een kapsalon en haarverzorging in de meest ruime zin van het woord van dames, heren en kinderen; Wassen, knippen, verven…” (deed in Dutch)
14 activities (deed in Dutch)
- De uitbating van een kapsalon en haarverzorging in de meest ruime zin van het woord van dames, heren en kinderen.
- Wassen, knippen, verven, onduleren, enz. van haar bij mannen, vrouwen en kinderen.
- Kleinhandel in toiletartikelen.
- Detailhandel in parfumerieën, cosmetica, haarverzorgingsproducten en alle andere artikelen die normaal in een kapsalon kunnen verkocht worden, dit alles in de meest ruime zin.
- De vennootschap mag eveneens investeren in roerende en onroerende goederen, zowel in blote eigendom, tijdelijk vruchtgebruik of volle eigendom in het kader van de exploitatie of / en als belegging.
- De uitbating van een kunstgalerij.
- Fotografie in de meest ruime zin van het woord.
- Klein- en detailhandel in decoratieartikelen.
- De aanleg van stadstuinen.
- Projectontwikkeling en handel in onroerend goed voor eigen rekening (koop, verbouwen en verkoop).
- De vennootschap mag tevens de functie van bestuurder, vereffenaar of gemandateerde waarnemen evenals elke directiefunctie in ondernemingen.
- De vennootschap is gerechtigd alle industriële, handels, financiële. roerende en onroerende handelingen te verrichten die rechtstreeks of onrechtstreeks bij het voorwerp aansluiten of er de verwezenlijking van kunnen bevorderen; zij mag alle verbintenissen aangaan, kredieten en leningen toestaan, zich voor derden borg stellen door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak.
- De vennootschap mag haar voorwerp verwezenlijken zowel in België als in het buitenland, op de wijze die zij het best geschikt acht.
- De vennootschap mag door middel van inbreng, samensmelting of om het even op welke wijze, deelnemen aan alle ondernemingen, die een gelijkaardig, aanvullend of verwant voorwerp nastreven.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Cutting Ends
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, eenvoudige beslissing” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Vergoeding voor de inbrengen, 100” (deed in Dutch)“Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Na aftrek van rechten waarvan overdracht wordt voorgesteld, helft overdrager en helft koper naar evenredigheid aantal aandelen” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte van nieuwe aandelen, tot uitgifte volledig geplaatst of geen aandeelhouder nog gebruik maakt” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie” (deed in Dutch)