FINESSE PLUS
ActiveSummary
FINESSE PLUS has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,489 and a net result of €453. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 1065 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-21
Solvency40▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.0 in 2024; short-term debt: 50.4% and cash: 64.1% of total assets), but 85.1% 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+raises 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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
57 d early
2023
44 d early
2022
49 d early
2021
49 d early
2020
48 d early
2019
60 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 40 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€18,489▲ 2.5%
2024 · €18,036
Total assets
€123,807▲ 18.1%
2024 · €104,812
Net result
€453▼ 96.0%
2024 · €11,369
Working capital
€44,704▲ 16,833%
2024 · €264
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
Line20212022202320242025
Operating result€41,847▼ 60.1%€53,616▲ 28.1%€43,748▼ 18.4%€20,326▼ 53.5%€1,583▼ 92.2%
Net result€38,071within the sector's middle half▼ 54.4%€42,281within the sector's middle half▲ 11.1%€36,707within the sector's middle half▼ 13.2%€11,369▼ 69.0%€453within the sector's middle half▼ 96.0%
Equity€135,444within the sector's middle half▲ 10.7%€157,725within the sector's middle half▲ 16.5%€164,432within the sector's middle half▲ 4.3%€18,036▼ 89.0%€18,489within the sector's middle half▲ 2.5%
Total assets€353,790within the sector's middle half▼ 14.4%€319,822within the sector's middle half▼ 9.6%€312,858within the sector's middle half▼ 2.2%€104,812▼ 66.5%€123,807within the sector's middle half▲ 18.1%
Debt€218,346▼ 24.9%€162,097▼ 25.8%€148,426▼ 8.4%€86,775▼ 41.5%€105,317▲ 21.4%
Working capital-€47,343▲ 36.2%-€11,435▲ 75.8%-€4,572▲ 60.0%€264€44,704▲ 16,833%
Solvency38.3%within the sector's middle half▲ 8.7pp49.3%within the sector's middle half▲ 11.0pp52.6%within the sector's middle half▲ 3.2pp17.2%▼ 35.4pp14.9%within the sector's middle half▼ 2.3pp
Staff (FTE)9.8within the sector's middle half▼ 7.5%7.5within the sector's middle half▼ 23.5%6.2within the sector's middle half▼ 17.3%6.8▲ 9.7%4.9within the sector's middle half▼ 27.9%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,807
Fixed assets
€16,737 ▼ 15.8%
Current assets
€107,069 ▲ 26.1%
Equity and liabilities €123,807
Equity
€18,489 ▲ 2.5%
Debt
€105,317 ▲ 21.4%
Debt's share of the balance-sheet total rises from 82.8% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,799▼
2024 · €40,826
Cash flow
€6,669▼
2024 · €31,869
Current ratio
1.72▲
2024 · 1.00
Quick ratio
1.31▲
2024 · 0.74
Debt to equity
5.70▲
2024 · 4.81
ROE
2.4%▼
2024 · 63.0%
ROA
0.4%▼
2024 · 10.8%
Interest coverage
4.97▼
2024 · 15.52
Debt ≤ 1 year
€62,366▼
2024 · €84,674
Income taxes
€1,499▼
2024 · €6,339
Staff costs
€170,153▼
2024 · €234,644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% 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
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 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 4,500 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 | - | - | - | €700 | €8,079 | ▲ 1,054% |
| Remuneration, social security and pensions62 | - | €268,942 | €257,759 | €234,644 | €170,153 | ▼ 27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,266 | €39,820 | €25,698 | €20,500 | €6,216 | ▼ 69.7% |
| Other operating charges640/8 | - | €3,259 | €5,030 | €3,585 | €2,264 | ▼ 36.8% |
| Gross operating margin9900 | €307,292 | €365,638 | €332,236 | €279,056 | €180,216 | ▼ 35.4% |
| Operating profit (loss)9901 | €41,847 | €53,616 | €43,748 | €20,326 | €1,583 | ▼ 92.2% |
| Financial income75/76B | - | €33 | €106 | €11 | €1,938 | ▲ 17,515% |
| Recurring financial income75 | €1 | €33 | €106 | €11 | €1,938 | ▲ 17,515% |
| Financial charges65/66B | - | €2,544 | €3,135 | €2,630 | €1,569 | ▼ 40.3% |
| Recurring financial charges65 | €1,440 | €2,544 | €3,135 | €2,630 | €1,569 | ▼ 40.3% |
| Profit (loss) for the period before taxes9903 | €39,494 | €51,105 | €40,720 | €17,708 | €1,952 | ▼ 89.0% |
| Income taxes67/77 | €1,423 | €8,824 | €4,013 | €6,339 | €1,499 | ▼ 76.4% |
| Profit (loss) for the period9904 | €38,071 | €42,281 | €36,707 | €11,369 | €453 | ▼ 96.0% |
| Profit (loss) for the period to be appropriated9905 | €38,071 | €42,281 | €36,707 | €11,369 | €453 | ▼ 96.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €353,790 | €319,822 | €312,858 | €104,812 | €123,807 | ▲ 18.1% |
| Fixed assets21/28 | €241,724 | €203,409 | €182,611 | €19,874 | €16,737 | ▼ 15.8% |
| Tangible fixed assets22/27 | €241,724 | €203,409 | €182,611 | €19,874 | €16,737 | ▼ 15.8% |
| Land and buildings22 | - | €188,769 | €168,137 | €0 | - | - |
| Plant, machinery and equipment23 | - | €9,635 | €11,050 | €10,970 | €9,751 | ▼ 11.1% |
| Furniture and vehicles24 | - | €5,005 | €3,424 | €8,904 | €6,986 | ▼ 21.5% |
| Current assets29/58 | €112,066 | €116,413 | €130,247 | €84,938 | €107,069 | ▲ 26.1% |
| Stocks and contracts in progress3 | €31,408 | €30,369 | €29,268 | €22,326 | €25,368 | ▲ 13.6% |
| Stocks30/36 | - | €30,369 | €29,268 | €22,326 | €25,368 | ▲ 13.6% |
| Amounts receivable within one year40/41 | €8,577 | €13,123 | €1,482 | €0 | €73 | - |
| Trade receivables40 | - | - | €1,482 | €0 | €71 | - |
| Other amounts receivable41 | - | €13,123 | - | - | €2 | - |
| Current investments50/53 | - | - | €40,000 | €19,104 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €71,072 | €70,618 | €57,297 | €42,969 | €79,347 | ▲ 84.7% |
| Deferred charges and accrued income490/1 | - | €2,304 | €2,201 | €539 | €2,282 | ▲ 323% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €353,790 | €319,822 | €312,858 | €104,812 | €123,807 | ▲ 18.1% |
| Equity10/15 | €135,444 | €157,725 | €164,432 | €18,036 | €18,489 | ▲ 2.5% |
| Contributions10/11 | - | €68,500 | €68,500 | €10,294 | €10,294 | = |
| Reserves13 | €65,223 | €87,505 | €95,932 | €14,416 | €12,584 | ▼ 12.7% |
| Non-distributable reserves130/1 | - | €3,767 | €3,767 | €0 | - | - |
| Other1319 | - | €3,767 | €3,767 | €0 | - | - |
| Tax-exempt reserves132 | - | €14,808 | €14,808 | €2,225 | €2,225 | = |
| Distributable reserves133 | - | €68,929 | €77,357 | €12,191 | €10,358 | ▼ 15.0% |
| Profit (loss) carried forward14 | €1,720 | €1,720 | - | -€6,673 | -€4,388 | ▲ 34.2% |
| Amounts payable17/49 | €218,346 | €162,097 | €148,426 | €86,775 | €105,317 | ▲ 21.4% |
| Amounts payable after more than one year17 | €58,938 | €33,010 | €11,885 | €0 | - | - |
| Financial debts170/4 | - | €33,010 | €11,885 | €0 | - | - |
| Amounts payable within one year42/48 | €159,409 | €127,848 | €134,819 | €84,674 | €62,366 | ▼ 26.3% |
| Current portion of amounts payable after more than one year42 | - | €29,644 | €20,883 | €11,885 | €0 | ▼ 100% |
| Trade debts44 | €74,339 | €22,475 | €16,208 | €19,917 | €14,460 | ▼ 27.4% |
| Suppliers440/4 | - | €22,475 | €16,208 | €19,917 | €14,460 | ▼ 27.4% |
| Taxes, remuneration and social security45 | - | €16,904 | €34,737 | €26,479 | €20,512 | ▼ 22.5% |
| Taxes450/3 | - | €3,758 | €11,829 | €18,325 | €6,426 | ▼ 64.9% |
| Remuneration and social security454/9 | - | €13,146 | €22,908 | €8,154 | €14,086 | ▲ 72.8% |
| Other amounts payable47/48 | - | €58,825 | €62,990 | €26,393 | €27,393 | ▲ 3.8% |
| Accrued charges and deferred income492/3 | - | €1,240 | €1,722 | €2,101 | €42,952 | ▲ 1,944% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,071 | €42,281 | €36,707 | €11,369 | €453 | ▼ 96.0% |
| + Depreciation and write-downs630 | €50,266 | €39,820 | €25,698 | €20,500 | €6,216 | ▼ 69.7% |
| Operating cash flow (approximation) | €88,337 | €82,102 | €62,405 | €31,869 | €6,669 | ▼ 79.1% |
| Investment in fixed assets (approximation) | - | -€1,505 | -€4,900 | €142,237 | -€3,079 | ▼ 102% |
| Change in cash | - | -€455 | -€13,321 | -€14,328 | €36,378 | ▲ 354% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-06
Financial
Weakest financial yearnet €453 ▼96%
Net result drops to €453, the lowest in the series.
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Equity above €150,000Eq €157,725 ▲16.5%
4 profitable years in a row build equity to €157,725.
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Highest result since 2019net €83,577 ▲58.2%
Operating result €104,942, net result €83,577, both a record.
30-06
Financial
Equity above €100,000Eq €122,373 ▲37.8%
2 profitable years in a row build equity to €122,373.
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
13-12
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 7 acts read
About the unread acts
We know of 7 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
7 acts for this company are 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, Maldegem · 2 establishment units since 2007
Ground area
578 m²
Building footprint
412 m²
Volume, LiDAR
3,295 m³
2 parcels, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Finesse Hair
since 20072.168.340.077
G. Gezellelaan 2, 9950 Lievegem
since 20182.301.790.402
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072E0062/00Y003 | Flanders | 334 m² | 1 · 324 m² | 12.7 m · 3 fl. |
| 43010C0109/00N000 | Flanders | 243 m² | 1 · 88 m² | 5.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 2 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 2 ended approvals
Kapper (so)
Schoonheidsspecialiste (so)
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. 2,370 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
Founded21-12-2007
Fiscal year end30-06
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
78100Employment placement agencies
85592Vocational training
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894429476
Also
9925:BE0894429476
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.