GRADES
ActiveGRADES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 4622 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-5
Solvency75▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.09 in 2024; short-term debt: 28.2% and cash: 12.3% of total assets), but 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
49.7%
Return on assets
15.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €63k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-08-2026, 9 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 · 10 filingsDeviation from the deadline
2025
9 d late
2024
47 d late
2023
68 d late
2022
2 d late
2021
12 d late
2020
9 d late
2019
13 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€63k▲ 47.2%
2024 · €43k
2018: €34k
2019: €38k
2020: €13k
2021: €1k
2022: €13k
2023: €37k
2024: €43k
2018 → 2025
Total assets
€127k▼ 1.4%
2024 · €128k
2018: €61k
2019: €60k
2020: €70k
2021: €65k
2022: €68k
2023: €75k
2024: €128k
2018 → 2025
Net result
€20k▼ 21.6%
2024 · €26k
2018: €12k
2019: €4k
2020: €-25k
2021: €-11k
2022: €12k
2023: €24k
2024: €26k
2018 → 2025
Working capital
€27k▲ 519%
2024 · €4k
2018: €29k
2019: €26k
2020: €-7k
2021: €673
2022: €7k
2023: €17k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1k-€13k▲ 1,118%€37k▲ 184%€43k▲ 15.5%€63k▲ 47.2%
Operating result€-9k-€16k€27k▲ 71.8%€36k▲ 34.7%€28k▼ 22.5%
Net result€-11k-€12k€24k▲ 101%€26k▲ 7.2%€20k▼ 21.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€64k▼ 13.9%
Current assets
€62k▲ 16.0%
Equity and liabilities €127k
Equity
€63k▲ 47.2%
Debt
€64k▼ 25.6%
The debt ratio falls from 66.7% to 50.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45k▼
2024 · €52k
Cash flow
€37k▼
2024 · €42k
Solvency
49.7%▲
2024 · 33.3%
Current ratio
1.75▲
2024 · 1.09
Quick ratio
1.47▲
2024 · 0.89
Debt / equity
1.01▼
2024 · 2.00
ROE
32.1%▼
2024 · 60.2%
ROA
15.9%▼
2024 · 20.0%
Interest coverage
13.86▲
2024 · 13.22
Debt
€64k▼
2024 · €86k
Debt ≤ 1 year
€36k▼
2024 · €50k
Debt > 1 year
€28k▼
2024 · €36k
Income taxes
€7k▼
2024 · €8k
Staff costs
€10k▼
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€128k€127k▼
Fixed assets21/28€75k€64k▼
Tangible fixed assets22/27€75k€64k▼
Land and buildings22€22k€20k▼
Plant, machinery and equipment23€288-
Furniture and vehicles24€2k€7k▲
Leasing and similar rights25€45k€34k▼
Other tangible fixed assets26€5k€3k▼
Current assets29/58€54k€62k▲
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€37k€36k▼
Trade receivables40-€1k
Other amounts receivable41€37k€35k▼
Cash at bank and in hand54/58€6k€16k▲
Deferred charges and accrued income490/1€750€776▲
Equity and liabilities
Total equity and liabilities10/49€128k€127k▼
Equity10/15€43k€63k▲
Contributions10/11€19k€19k=
Reserves13€11k€11k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€13k€33k▲
Amounts payable17/49€86k€64k▼
Amounts payable after more than one year17€36k€28k▼
Financial debts170/4€36k€28k▼
Amounts payable within one year42/48€50k€36k▼
Current portion of amounts payable after more than one year42€17k€12k▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€16k€19k▲
Taxes450/3€16k€18k▲
Remuneration and social security454/9-€507
Other amounts payable47/48€14k-
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€28k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€85k€57k▼
Operating profit (loss)9901€36k€28k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€34k€27k▼
Income taxes67/77€8k€7k▼
Profit (loss) for the period9904€26k€20k▼
Profit (loss) for the period to be appropriated9905€26k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€33k▲
Profit (loss) brought forward from the previous period14P€8k€13k▲
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Highest result since 2018net €26k ▲7.2%
Operating result €36k, net result €26k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €-25k ▼745%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsesteenweg 153012 LeuvenGround area
161 m²
Building footprint
103 m²
Volume, LiDAR
864 m³
Parcel 24126D0341/00S003, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KAPSALON ROSY
since 19912.051.820.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126D0341/00S003 | Flanders | 161 m² | 1 · 103 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsHaarverzorging duaal (so)
Kapper (vwo)
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Of 21,750 companies in sector 96210 we hold annual accounts for 2,833. 2,024 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-02-1991
Fiscal year end31-12
Activities, NACEBEL
93021
96021Hairdressing
96210Hairdressing and barber services
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.