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EGN

Active
Private limited companyfounded 20224 yrs activeErnest Solvaystraat 9, 1050 Elsene, BelgiumKBO/BCE: BE 0784.724.555
Summary

The computed 12-month bankruptcy probability of EGN is 2.6% (moderate). The 2025 annual accounts show equity of €2,933 and a net result of €521. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 4711 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability70▼-30
Solvency30▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filings
Deviation from the deadline
2025
28 d late
2024
on the day
2023
29 d late
2022
22 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 20 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 25 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

EGN was incorporated on 11 April 2022 as a Private limited company.1 Total assets fell from EUR 69,848 in 2022 to EUR 55,389 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€2,933▲ 21.6%
2024 · €2,413
Total assets
€55,389▼ 1.3%
2024 · €56,143
Net result
€521▼ 96.7%
2024 · €15,843
Working capital
-€35,836▲ 15.9%
2024 · -€42,635
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
Line2022202320242025
Operating result-€10,351--€4,592▲ 55.6%€16,518€1,051▼ 93.6%
Net result-€10,420below the sector's middle half--€5,010within the sector's middle half▲ 51.9%€15,843above the sector's middle half€521within the sector's middle half▼ 96.7%
Equity-€8,420below the sector's middle half--€13,430below the sector's middle half▼ 59.5%€2,413within the sector's middle half€2,933within the sector's middle half▲ 21.6%
Total assets€69,848within the sector's middle half-€58,378within the sector's middle half▼ 16.4%€56,143within the sector's middle half▼ 3.8%€55,389within the sector's middle half▼ 1.3%
Debt€78,269-€71,808▼ 8.3%€53,730▼ 25.2%€52,455▼ 2.4%
Working capital-€64,540below the sector's middle half--€64,756below the sector's middle half▼ 0.3%-€42,635below the sector's middle half▲ 34.2%-€35,836below the sector's middle half▲ 15.9%
Solvency-12.1%within the sector's middle half--23.0%below the sector's middle half▼ 10.9pp4.3%within the sector's middle half▲ 27.3pp5.3%within the sector's middle half▲ 1.0pp
Current ratio0.18below the sector's middle half-0.10below the sector's middle half▼ 0.080.21below the sector's middle half▲ 0.110.32below the sector's middle half▲ 0.11
Return on assets (ROA)-14.9%below the sector's middle half--8.6%below the sector's middle half▲ 6.3pp28.2%above the sector's middle half▲ 36.8pp0.9%within the sector's middle half▼ 27.3pp
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
-€20,000-€10,000€0€10,000€20,000Operating result 2022: -€10,351-€10,351Net result 2022: -€10,420-€10,420Operating result 2023: -€4,592-€4,592Net result 2023: -€5,010-€5,010Operating result 2024: €16,518€16,518Net result 2024: €15,843€15,843Operating result 2025: €1,051€1,051Net result 2025: €521€5212022202320242025-€10,000€0€10,000€20,000Operating result 2023: -€4,592-€4,590Net result 2023: -€5,010-€5,010Operating result 2024: €16,518€16,500Net result 2024: €15,843€15,800Operating result 2025: €1,051€1,050Net result 2025: €521€521202320242025
The operating result falls in 2025; 2025 is 94% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55,389
Fixed assets €38,770 ▼ 13.9%
Current assets €16,619 ▲ 49.8%
Equity and liabilities €55,389
Equity €2,933 ▲ 21.6%
Debt €52,455 ▼ 2.4%
Debt's share of the balance-sheet total falls from 95.7% to 94.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,329▼
2024 · €22,796
Cash flow
€6,799▼
2024 · €22,121
Quick ratio
0.27▲
2024 · 0.21
Debt to equity
17.88▼
2024 · 22.27
ROE
17.7%▼
2024 · 656.6%
Interest coverage
19.96▼
2024 · 100.96
Debt ≤ 1 year
€52,455▼
2024 · €53,730
Income taxes
€163▼
2024 · €449
Staff costs
€60,809▲
2024 · €57,077
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
4.9% went bankrupt
2.0% stopped otherwise
92% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,136 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€56,143€55,389▼
Fixed assets21/28€45,048€38,770▼
Intangible fixed assets21€44,000€38,000▼
Tangible fixed assets22/27€928€650▼
Furniture and vehicles24€928€650▼
Financial fixed assets28€120€120=
Current assets29/58€11,095€16,619▲
Stocks and contracts in progress3-€2,532
Stocks30/36-€2,532
Amounts receivable within one year40/41€248-
Other amounts receivable41€248-
Cash at bank and in hand54/58€10,846€14,087▲
Equity and liabilities
Total equity and liabilities10/49€56,143€55,389▼
Equity10/15€2,413€2,933▲
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€413€933▲
Amounts payable17/49€53,730€52,455▼
Amounts payable within one year42/48€53,730€52,455▼
Trade debts44€1,473€500▼
Suppliers440/4€1,473€500▼
Taxes, remuneration and social security45€14,689€10,436▼
Taxes450/3€7,226€7,039▼
Remuneration and social security454/9€7,463€3,397▼
Other amounts payable47/48€37,568€41,520▲
Income statement Code20242025
Remuneration, social security and pensions62€57,077€60,809▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,278€6,278=
Other operating charges640/8€353-
Gross operating margin9900€80,226€68,138▼
Operating profit (loss)9901€16,518€1,051▼
Financial charges65/66B€226€367▲
Recurring financial charges65€226€367▲
Profit (loss) for the period before taxes9903€16,292€683▼
Income taxes67/77€449€163▼
Profit (loss) for the period9904€15,843€521▼
Profit (loss) for the period to be appropriated9905€15,843€521▼
Appropriation of the result
Profit (loss) to be appropriated9906€413€933▲
Profit (loss) brought forward from the previous period14P-€15,430€413▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Remuneration, social security and pensions62€23,773€44,408€57,077€60,809▲ 6.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,000€6,186€6,278€6,278=
Other operating charges640/8€69-€353--
Gross operating margin9900€17,492€46,002€80,226€68,138▼ 15.1%
Operating profit (loss)9901-€10,351-€4,592€16,518€1,051▼ 93.6%
Financial charges65/66B€69€418€226€367▲ 62.6%
Recurring financial charges65€69€418€226€367▲ 62.6%
Profit (loss) for the period before taxes9903-€10,420-€5,010€16,292€683▼ 95.8%
Income taxes67/77--€449€163▼ 63.7%
Profit (loss) for the period9904-€10,420-€5,010€15,843€521▼ 96.7%
Profit (loss) for the period to be appropriated9905-€10,420-€5,010€15,843€521▼ 96.7%
Line2022202320242025Change
Assets
Total assets20/58€69,848€58,378€56,143€55,389▼ 1.3%
Fixed assets21/28€56,120€51,326€45,048€38,770▼ 13.9%
Intangible fixed assets21€56,000€50,000€44,000€38,000▼ 13.6%
Tangible fixed assets22/27-€1,206€928€650▼ 30.0%
Furniture and vehicles24-€1,206€928€650▼ 30.0%
Financial fixed assets28€120€120€120€120=
Current assets29/58€13,728€7,052€11,095€16,619▲ 49.8%
Stocks and contracts in progress3---€2,532-
Stocks30/36---€2,532-
Amounts receivable within one year40/41€772€248€248--
Other amounts receivable41€772€248€248--
Cash at bank and in hand54/58€12,957€6,804€10,846€14,087▲ 29.9%
Equity and liabilities
Total equity and liabilities10/49€69,848€58,378€56,143€55,389▼ 1.3%
Equity10/15-€8,420-€13,430€2,413€2,933▲ 21.6%
Contributions10/11€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14-€10,420-€15,430€413€933▲ 126%
Amounts payable17/49€78,269€71,808€53,730€52,455▼ 2.4%
Amounts payable within one year42/48€78,269€71,808€53,730€52,455▼ 2.4%
Trade debts44€1,656€2,155€1,473€500▼ 66.1%
Suppliers440/4€1,656€2,155€1,473€500▼ 66.1%
Taxes, remuneration and social security45€7,663€10,768€14,689€10,436▼ 29.0%
Taxes450/3€3,509€10,768€7,226€7,039▼ 2.6%
Remuneration and social security454/9€4,154-€7,463€3,397▼ 54.5%
Other amounts payable47/48€68,950€58,884€37,568€41,520▲ 10.5%
Line2022202320242025Change
Profit (loss) for the period9904-€10,420-€5,010€15,843€521▼ 96.7%
+ Depreciation and write-downs630€4,000€6,186€6,278€6,278=
Operating cash flow (approximation)-€6,420€1,176€22,121€6,799▼ 69.3%
Investment in fixed assets (approximation)--€1,392€0€0-
Change in cash--€6,153€4,043€3,241▼ 19.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €15,843
Net result €15,843 after 2 loss-making years.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
22-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

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.

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Directors · office · real estate

Directors
1 act for this company is 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, Elsene · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
108 m²
Building footprint
106 m²
Volume, LiDAR
1,433 m³
Parcel 21009A0665/00E000, Brussels · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SALVA
Ernest Solvaystraat 9, 1050 ElseneHairdressing
since 20222.333.217.511
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21009A0665/00E000 Brussels 108 m² 1 · 106 m² 19.5 m · 5 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.

Similar companies · same sector, comparable size

Of 21,733 companies in sector 96210 we hold annual accounts for 2,836. 1,678 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
Founded11-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0784724555
Also 9925:BE0784724555
Registered 16-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.