Elegance
ActiveSummary
Elegance has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,597 and a net result of €2,436. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-10
Solvency38=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.72 in 2024; short-term debt: 38.7% and cash: 3.7% of total assets), and 86.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.2%
Return on assets
1.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
37 d early
2023
1 d early
2022
31 d early
2021
31 d early
2020
31 d early
2019
56 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 31 days before 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€30,597▲ 8.6%
2024 · €28,162
Total assets
€231,002▲ 6.8%
2024 · €216,236
Net result
€2,436▼ 75.7%
2024 · €10,011
Working capital
-€33,348▼ 49.4%
2024 · -€22,316
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€4,197▼ 18.2%-€924€3,278€18,976▲ 479%€12,667▼ 33.2%
Net result€1,722within the sector's middle half▼ 13.9%-€3,421within the sector's middle half€948within the sector's middle half€10,011within the sector's middle half▲ 956%€2,436within the sector's middle half▼ 75.7%
Equity€20,625within the sector's middle half▲ 9.1%€17,203within the sector's middle half▼ 16.6%€18,151within the sector's middle half▲ 5.5%€28,162within the sector's middle half▲ 55.2%€30,597within the sector's middle half▲ 8.6%
Total assets€187,498within the sector's middle half▲ 10.7%€169,280within the sector's middle half▼ 9.7%€156,816within the sector's middle half▼ 7.4%€216,236above the sector's middle half▲ 37.9%€231,002above the sector's middle half▲ 6.8%
Debt€166,873▲ 10.9%€152,077▼ 8.9%€138,666▼ 8.8%€188,074▲ 35.6%€200,404▲ 6.6%
Working capital-€27,618below the sector's middle half▼ 7.1%-€33,298below the sector's middle half▼ 20.6%-€33,962below the sector's middle half▼ 2.0%-€22,316within the sector's middle half▲ 34.3%-€33,348below the sector's middle half▼ 49.4%
Solvency11.0%within the sector's middle half▼ 0.2pp10.2%within the sector's middle half▼ 0.8pp11.6%within the sector's middle half▲ 1.4pp13.0%within the sector's middle half▲ 1.4pp13.2%within the sector's middle half▲ 0.2pp
Current ratio0.44below the sector's middle half▲ 0.050.30below the sector's middle half▼ 0.140.27below the sector's middle half▼ 0.030.72within the sector's middle half▲ 0.450.63within the sector's middle half▼ 0.09
Return on assets (ROA)0.9%within the sector's middle half▼ 0.3pp-2.0%within the sector's middle half▼ 2.9pp0.6%within the sector's middle half▲ 2.6pp4.6%within the sector's middle half▲ 4.0pp1.1%within the sector's middle half▼ 3.6pp
Staff (FTE)0.6=1▲ 66.7%0.1▼ 90.0%1.3▲ 1,200%2▲ 53.8%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,002
Fixed assets
€174,958 ▲ 10.5%
Current assets
€56,044 ▼ 3.1%
Equity and liabilities €231,002
Equity
€30,597 ▲ 8.6%
Debt
€200,404 ▲ 6.6%
Debt's share of the balance-sheet total falls from 87.0% to 86.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,288▲
2024 · €29,996
Cash flow
€20,057▼
2024 · €21,031
Quick ratio
0.19▼
2024 · 0.30
Debt to equity
6.55▼
2024 · 6.68
ROE
8.0%▼
2024 · 35.5%
Interest coverage
3.76▼
2024 · 4.39
Debt ≤ 1 year
€89,393▲
2024 · €80,155
Debt > 1 year
€111,012▲
2024 · €107,919
Income taxes
€2,198▲
2024 · €2,148
Staff costs
€41,640▲
2024 · €22,526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 4,508 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €156 | €426 | €22,526 | €41,640 | ▲ 84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,477 | €11,083 | €10,697 | €11,020 | €17,621 | ▲ 59.9% |
| Other operating charges640/8 | - | €2,376 | €2,580 | €2,684 | €2,740 | ▲ 2.1% |
| Non-recurring operating charges66A | - | - | €196 | €0 | - | - |
| Gross operating margin9900 | €17,498 | €12,692 | €17,177 | €55,206 | €74,668 | ▲ 35.3% |
| Operating profit (loss)9901 | €4,197 | -€924 | €3,278 | €18,976 | €12,667 | ▼ 33.2% |
| Financial income75/76B | - | €0 | €1 | €17 | €15 | ▼ 13.9% |
| Recurring financial income75 | €12 | €0 | €1 | €17 | €15 | ▼ 13.9% |
| Financial charges65/66B | - | €2,498 | €2,332 | €6,834 | €8,048 | ▲ 17.8% |
| Recurring financial charges65 | €2,470 | €2,498 | €2,332 | €6,834 | €8,048 | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | €1,739 | -€3,421 | €948 | €12,159 | €4,633 | ▼ 61.9% |
| Income taxes67/77 | €16 | €0 | - | €2,148 | €2,198 | ▲ 2.3% |
| Profit (loss) for the period9904 | €1,722 | -€3,421 | €948 | €10,011 | €2,436 | ▼ 75.7% |
| Profit (loss) for the period to be appropriated9905 | €1,722 | -€3,421 | €948 | €10,011 | €2,436 | ▼ 75.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187,498 | €169,280 | €156,816 | €216,236 | €231,002 | ▲ 6.8% |
| Fixed assets21/28 | €165,764 | €154,682 | €143,985 | €158,397 | €174,958 | ▲ 10.5% |
| Tangible fixed assets22/27 | €165,764 | €154,682 | €143,985 | €158,397 | €174,958 | ▲ 10.5% |
| Land and buildings22 | - | €138,444 | €132,193 | €150,665 | €143,398 | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €386 | €0 | - | - | - |
| Furniture and vehicles24 | - | €15,852 | €11,792 | €7,731 | €3,671 | ▼ 52.5% |
| Leasing and similar rights25 | - | - | - | - | €27,889 | - |
| Current assets29/58 | €21,733 | €14,598 | €12,832 | €57,839 | €56,044 | ▼ 3.1% |
| Stocks and contracts in progress3 | €7,149 | €8,522 | €5,347 | €33,568 | €39,274 | ▲ 17.0% |
| Stocks30/36 | - | €8,522 | €5,347 | €33,568 | €39,274 | ▲ 17.0% |
| Amounts receivable within one year40/41 | €4,202 | €42 | €3,278 | €5,422 | €7,193 | ▲ 32.7% |
| Trade receivables40 | - | €42 | €3,278 | €5,422 | €6,890 | ▲ 27.1% |
| Other amounts receivable41 | - | €0 | - | - | €303 | - |
| Cash at bank and in hand54/58 | €9,767 | €4,941 | €3,248 | €17,654 | €8,433 | ▼ 52.2% |
| Deferred charges and accrued income490/1 | - | €1,093 | €959 | €1,196 | €1,145 | ▼ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187,498 | €169,280 | €156,816 | €216,236 | €231,002 | ▲ 6.8% |
| Equity10/15 | €20,625 | €17,203 | €18,151 | €28,162 | €30,597 | ▲ 8.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,025 | €2,025 | €2,025 | €9,562 | €11,997 | ▲ 25.5% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €2,025 | €2,025 | €9,562 | €11,997 | ▲ 25.5% |
| Profit (loss) carried forward14 | €0 | -€3,421 | -€2,474 | €0 | - | - |
| Amounts payable17/49 | €166,873 | €152,077 | €138,666 | €188,074 | €200,404 | ▲ 6.6% |
| Amounts payable after more than one year17 | €117,482 | €104,181 | €91,822 | €107,919 | €111,012 | ▲ 2.9% |
| Financial debts170/4 | - | €104,181 | €91,822 | €107,919 | €111,012 | ▲ 2.9% |
| Amounts payable within one year42/48 | €49,351 | €47,896 | €46,793 | €80,155 | €89,393 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | - | €13,301 | €12,359 | €19,028 | €24,702 | ▲ 29.8% |
| Financial debts43 | - | €2,651 | €3,158 | €0 | - | - |
| Credit institutions430/8 | - | €2,651 | €3,158 | €0 | - | - |
| Trade debts44 | €2,452 | €3,732 | €2,810 | €14,454 | €11,484 | ▼ 20.5% |
| Suppliers440/4 | - | €3,732 | €2,810 | €14,454 | €11,484 | ▼ 20.5% |
| Advances received on contracts in progress46 | - | - | €3,712 | €5,714 | €8,022 | ▲ 40.4% |
| Taxes, remuneration and social security45 | - | €2,087 | €2,275 | €14,982 | €16,002 | ▲ 6.8% |
| Taxes450/3 | - | €2,087 | €2,275 | €9,128 | €7,774 | ▼ 14.8% |
| Remuneration and social security454/9 | - | €0 | - | €5,854 | €8,228 | ▲ 40.6% |
| Other amounts payable47/48 | - | €26,125 | €22,478 | €25,977 | €29,182 | ▲ 12.3% |
| Accrued charges and deferred income492/3 | - | €0 | €51 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,722 | -€3,421 | €948 | €10,011 | €2,436 | ▼ 75.7% |
| + Depreciation and write-downs630 | €7,477 | €11,083 | €10,697 | €11,020 | €17,621 | ▲ 59.9% |
| Operating cash flow (approximation) | €9,200 | €7,661 | €11,645 | €21,031 | €20,057 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€25,432 | -€34,182 | ▼ 34.4% |
| Change in cash | - | -€4,825 | -€1,694 | €14,406 | -€9,221 | ▼ 164% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €10,011 ▲956%
Operating result €18,976, net result €10,011, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €948
Net result €948 after one loss-making year.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€3,421
Net result drops to -€3,421, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €2,002
Net result €2,002 after one loss-making year.
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Blankenberge · 1 establishment unit since 2013
Ground area
1,344 m²
Building footprint
774 m²
Volume, LiDAR
8,966 m³
2 parcels, Flanders · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Elegance
since 20132.218.865.595
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034B0486/00N003 | Flanders | 771 m² | 1 · 201 m² | 5.9 m · 1 fl. |
| 31004A0653/00E000 | Flanders | 573 m² | 1 · 573 m² | 21.1 m · 5 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.
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Of 21,722 companies in this sector we hold annual accounts for 2,835. 2,287 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-04-2013
Fiscal year end30-09
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
47784Retail sale of souvenirs and religious articles
47789Other retail sale of new goods
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0525957160
Also
9925:BE0525957160
Registered
23-11-2025
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.