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ELEGANCE BELGIUM

Active
Private limited companyfounded 2020active for 6 yearsBredabaan 306, 2930 Brasschaat, BelgiumKBO/BCE: BE 0750.938.564

From the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

ELEGANCE BELGIUM has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€19,769) and a net result of €5,163. Equity has been shrinking by about 36% per year since 2021. Its solvency ranks better than 13% of 1,373 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Official details

KBO
Status
Active since 23-07-2020 Normal situation
Activity
Hairdressing and barber services NACE 96210and 1 other
Establishment unit
2.306.570.621 2930 Brasschaat, since 23-07-2020
Financial year end
31 December
Peppol
Reachable since 06-10-2025

Board and ownership

Board
  • Mustafa MustafaDirector

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Annual accounts 2025
Turnover
€68,779
▲ 57.3%
Profit
€5,163
Equity
-€19,769
▲ 20.7%
Total assets
€24,441
▲ 27×
Filed on 30-06-2026, 31 days before the deadlineat the National Bank
Score breakdownraises riskCapped at 59: negative equityFounded in 2020Negative equity -€19,769Liquidity: current ratio 0.55, cash €221, halvedlowers riskSize: turnover €68,779, total assets €24,441Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 43% of micro companies in personal services (NACE 96)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -80.9% of total assets
Liquidity 1-49
short-term debt 180.9% · cash 0.9%
Profitability 90+90
return on assets 21.1%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,624 companies, NACE 96, micro)
Last 24 months 11-2024: 1.7% 12-2024: 1.7%● unchanged vs 11-2024 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.8%▲ +0.1 percentage points vs 02-2025 04-2025: 1.9%▲ +0.1 percentage points vs 03-2025 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 2.0%▲ +0.1 percentage points vs 05-2025 07-2025: 2.1%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.9%▼ -1.2 percentage points vs 07-2025 09-2025: 0.8%▼ -0.1 percentage points vs 08-2025lowest value 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.9%▲ +0.1 percentage points vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.8%▼ -0.1 percentage points vs 05-2026 07-2026: 1.5%▲ +0.7 percentage points vs 06-2026 08-2026: 1.6%▲ +0.1 percentage points vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.5%▼ -0.1 percentage points vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.55, below 1. Short-term debt is 180.9% and cash 0.9% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 11% of them on solvency, 3% on liquidity, 79% on profitability and 79% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €68,779, total assets €24,441
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity -€19,769
NBB · annual accounts
raises risk · Liquidity: current ratio 0.55, cash €221, halved
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1373 sector peers (2025).
NBB · sector comparison
Position among 1373 sector peers
Solvency
better than 13%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
31 days early
2024
34 days early
2023
23 days early
2022
32 days early
2021
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 28 days before the deadline. In the sector (NACE 96), the median for financial year 2024 was on the deadline day, and 48% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€19,769 View
  • Caution: Lower solvency than 86% of companies in personal servicessector median 30.8% · 1,373 companies -80.9% View
  • Positive: 3 years of growth in a rowturnover 2025: €68,779 3 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

Comparable companies

These companies have the same main activity as ELEGANCE BELGIUM: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €20,000 and €31,500, founded between 2019 and 2020.

CompanyTotal assetsGross margin
ELEGANCE BELGIUM Brasschaat€24,441€7,231
HAIR MANO Sint-Gillis (bij-Brussel)€25,699€9,155
De Kapper Elewijt Meise€20,048€7,485
ELEGANZA HAIRSTYLE Hasselt€28,904€7,897
Banana’s Hair Studio Ukkel€22,163€9,777
Salon Öz Gent€31,492€7,703
Fancy Hair & Trading Antwerpen€31,232€10,359
Full comparison

Documents

Annual accounts at the NBB

All 5 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about ELEGANCE BELGIUM

What is the company number of ELEGANCE BELGIUM?
The company number of ELEGANCE BELGIUM is 0750.938.564. The VAT number is the same number with BE in front: BE 0750.938.564.
Where is ELEGANCE BELGIUM based?
The registered office is at Bredabaan 306, 2930 Brasschaat.Company details
What does ELEGANCE BELGIUM do?
According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
What is the legal form of ELEGANCE BELGIUM?
The legal form of ELEGANCE BELGIUM is Private limited company (BV).
When was ELEGANCE BELGIUM founded?
ELEGANCE BELGIUM was founded on 23-07-2020.
Is ELEGANCE BELGIUM still active?
Yes, ELEGANCE BELGIUM is an active enterprise in the KBO register.
What is the turnover of ELEGANCE BELGIUM?
The turnover of ELEGANCE BELGIUM was €68,779 in financial year 2025, according to the filed annual accounts.Financials
Is ELEGANCE BELGIUM profitable?
In financial year 2025, ELEGANCE BELGIUM made a profit of €5,163.
Where can I find the annual accounts of ELEGANCE BELGIUM?
ELEGANCE BELGIUM filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of ELEGANCE BELGIUM due?
ELEGANCE BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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