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ELS VAN CUTSEM

Active
Private limited company (pre-2019)founded 2004active for 22 yearsKasteelstraat 19, 1700 Dilbeek, BelgiumKBO/BCE: BE 0867.779.618

From the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

ELS VAN CUTSEM has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,290 and a net result of €1,676. Equity has been growing by about 60% per year since 2019. Its solvency ranks better than 39% of 5,709 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

KBO
Status
Active since 12-10-2004 Normal situation
Activity
Hairdressing and barber services NACE 96210
Establishment unit
2.143.572.910 1700 Dilbeek, since 12-10-2004
Financial year end
30 September
Peppol
Reachable since 29-12-2025

Board and ownership

Board
  • Van Cutsem ElsDirector · since 11-10-2004

Financial position

88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 30-09-2025
Gross margin
€15,277
▲ 24.7%
Turnover
≈ €100,000
estimated
Profit
€1,676
▲ 55×
Equity
€6,290
▲ 36.3%
Total assets
€46,287
▼ 13.5%
Filed on 15-04-2026, 15 days before the deadlinePDF
Score breakdownraises riskEquity €6,290 (13.6% of total assets)lowers riskFounded in 2004Liquidity: current ratio 0.50, cash €11,761Size: total assets €46,287Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 57% of micro companies in personal services (NACE 96)
Financial strength · tick: 2024
Average
Solvency 39+5
equity 13.6% of total assets
Liquidity 55+10
short-term debt 52.8% · cash 25.4%
Profitability 73+4
return on assets 3.6%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,624 companies, NACE 96, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.4%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 0.2%▼ -0.2 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.5 (0.37 in 2024), below 1. Short-term debt is 52.8% and cash 25.4% of total assets. 86.4% of the assets are financed with debt and provisions.
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 39% of them on solvency, 59% on liquidity, 55% on profitability and 77% 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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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2004
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Equity €6,290 (13.6% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.50, cash €11,761
NBB · annual accounts
lowers risk · Size: total assets €46,287
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 15-04-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
on the day
2023
33 days early
2022
44 days early
2021
22 days early
2020
31 days early
2019
34 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 26 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 8 April (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
30-09-2026 year end01-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 7 profitable years in a rowprofit 2025: €1,676 7 years View

Comparable companies

These companies have the same main activity as ELS VAN CUTSEM: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €39,200 and €54,600, founded between 2001 and 2006.

CompanyTotal assetsGross margin
ELS VAN CUTSEM Dilbeek€46,287€15,277
HAARZAAK Merelbeke-Melle€51,064€14,736
F.L. ACTIVITY Charleroi€42,142€14,473
ISATWO Sint-Lambrechts-Woluwe€39,224€16,884
KISSEMBEEK HAIRDESIGN Dilsen-Stokkem€44,146€14,148
J & T DESIGN Waasmunster€54,503€18,841
RELAX Antwerpen€54,586€19,703
Full comparison

Documents

Annual accounts at the NBB

All 20 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about ELS VAN CUTSEM

What is the company number of ELS VAN CUTSEM?
The company number of ELS VAN CUTSEM is 0867.779.618. The VAT number is the same number with BE in front: BE 0867.779.618.
Where is ELS VAN CUTSEM based?
The registered office is at Kasteelstraat 19, 1700 Dilbeek.Company details
What does ELS VAN CUTSEM do?
According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
What is the legal form of ELS VAN CUTSEM?
The legal form of ELS VAN CUTSEM is Private limited company (pre-2019) (BVBA).
When was ELS VAN CUTSEM founded?
ELS VAN CUTSEM was founded on 12-10-2004.
Is ELS VAN CUTSEM still active?
Yes, ELS VAN CUTSEM is an active enterprise in the KBO register.
What is the turnover of ELS VAN CUTSEM?
The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €15,277 and 94 comparable companies (NACE 96210). It probably lies between €61,000 and €190,000. It is a rough estimate.Financials
Is ELS VAN CUTSEM profitable?
In financial year 2025, ELS VAN CUTSEM made a profit of €1,676.
Where can I find the annual accounts of ELS VAN CUTSEM?
ELS VAN CUTSEM filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of ELS VAN CUTSEM due?
ELS VAN CUTSEM must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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