GWHB
ActiveSummary
GWHB has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €8k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability55▼-21
Solvency57▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.23 in 2023; short-term debt: 65.8% and cash: 26.8% of total assets), and 68.1% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.9%
Return on assets
7%
Age of the figures
21 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
37 d early
2022
41 d early
2021
4 d early
2020
9 d early
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, micro schema
Equity
€38k=
2023 · €39k
Total assets
€121k▼ 7.8%
2023 · €131k
Net result
€8k▲ 16.9%
2023 · €7k
Working capital
€15k▼ 20.5%
2023 · €19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-12k€36k€14k▼ 60.8%€9k▼ 36.5%€19k▲ 115%
Net result€-13k▼ 8,135%€32k€12k▼ 61.6%€7k▼ 41.6%€8k▲ 16.9%
Equity€32k▼ 29.8%€47k▲ 48.7%€42k▼ 9.8%€39k▼ 8.9%€38k=
Total assets€93k▲ 29.1%€122k▲ 31.4%€117k▼ 4.0%€131k▲ 11.5%€121k▼ 7.8%
Debt€61k▲ 127%€75k▲ 22.6%€75k▼ 0.3%€92k▲ 23.0%€82k▼ 11.1%
Working capital€-246€44k€26k▼ 41.1%€19k▼ 26.8%€15k▼ 20.5%
Staff (FTE)2.52.3▼ 8.0%2.9▲ 26.1%3.6▲ 24.1%4.8▲ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 115% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120k
Fixed assets
€26k ▼ 14.0%
Current assets
€94k ▼ 5.7%
Equity and liabilities €121k
Equity
€38k =
Debt
€82k ▼ 11.1%
Debt's share of the balance-sheet total falls from 70.6% to 68.1%. Debt is lower.
Key figures and ratios
EBITDA
€26k▲
2023 · €16k
Cash flow
€15k▲
2023 · €14k
Current ratio
1.19▼
2023 · 1.23
Quick ratio
1.01▼
2023 · 1.03
Debt to equity
2.13▼
2023 · 2.40
ROE
22.0%▲
2023 · 18.8%
ROA
7.0%▲
2023 · 5.5%
Interest coverage
3.31▼
2023 · 7.71
Debt ≤ 1 year
€79k▼
2023 · €81k
Debt > 1 year
€3k▼
2023 · €11k
Income taxes
€5k▲
2023 · €3k
Staff costs
€123k▲
2023 · €123k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €81k | €138k | €123k | €123k | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €9k | €6k | €7k | €7k | ▲ 0.5% |
| Other operating charges640/8 | - | €3k | €450 | €803 | €831 | ▲ 3.5% |
| Non-recurring operating charges66A | - | €2k | - | €747 | - | - |
| Gross operating margin9900 | €63k | €130k | €159k | €140k | €150k | ▲ 7.3% |
| Operating profit (loss)9901 | €-12k | €36k | €14k | €9k | €19k | ▲ 115% |
| Financial income75/76B | - | €86 | €8 | €4k | €2k | ▼ 57.1% |
| Recurring financial income75 | - | €86 | €8 | €4k | €2k | ▼ 57.1% |
| Financial charges65/66B | - | €4k | €1k | €2k | €8k | ▲ 288% |
| Recurring financial charges65 | €1k | €4k | €1k | €2k | €8k | ▲ 288% |
| Profit (loss) for the period before taxes9903 | €-13k | €32k | €13k | €11k | €13k | ▲ 23.7% |
| Income taxes67/77 | €109 | €122 | €526 | €3k | €5k | ▲ 38.4% |
| Profit (loss) for the period9904 | €-13k | €32k | €12k | €7k | €8k | ▲ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €-13k | €32k | €12k | €7k | €8k | ▲ 16.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93k | €122k | €117k | €131k | €121k | ▼ 7.8% |
| Formation expenses20 | - | - | €807 | €538 | €269 | ▼ 50.0% |
| Fixed assets21/28 | €32k | €28k | €35k | €30k | €26k | ▼ 14.0% |
| Tangible fixed assets22/27 | €32k | €28k | €35k | €30k | €26k | ▼ 14.0% |
| Land and buildings22 | - | €14k | €13k | €11k | €9k | ▼ 15.0% |
| Plant, machinery and equipment23 | - | €8k | €5k | €4k | €5k | ▲ 21.9% |
| Furniture and vehicles24 | - | €6k | €7k | €6k | €4k | ▼ 38.5% |
| Other tangible fixed assets26 | - | - | €10k | €9k | €8k | ▼ 11.8% |
| Current assets29/58 | €61k | €94k | €81k | €100k | €94k | ▼ 5.7% |
| Amounts receivable after more than one year29 | - | - | - | - | €36k | - |
| Other amounts receivable291 | - | - | - | - | €36k | - |
| Stocks and contracts in progress3 | €13k | €8k | €13k | €17k | €14k | ▼ 13.2% |
| Stocks30/36 | - | €8k | €13k | €17k | €14k | ▼ 13.2% |
| Amounts receivable within one year40/41 | €43k | €16k | €18k | €41k | €10k | ▼ 75.3% |
| Trade receivables40 | - | €13k | €5k | €5k | €2k | ▼ 57.6% |
| Other amounts receivable41 | - | €3k | €13k | €37k | €8k | ▼ 77.5% |
| Cash at bank and in hand54/58 | €4k | €69k | €49k | €41k | €32k | ▼ 20.3% |
| Deferred charges and accrued income490/1 | - | €51 | €1k | €1k | €1k | ▼ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93k | €122k | €117k | €131k | €121k | ▼ 7.8% |
| Equity10/15 | €32k | €47k | €42k | €39k | €38k | = |
| Contributions10/11 | - | €14k | €14k | €14k | €14k | = |
| Reserves13 | €31k | €21k | €14k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €19k | €12k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-13k | €12k | €14k | €15k | €15k | ▼ 0.1% |
| Amounts payable17/49 | €61k | €75k | €75k | €92k | €82k | ▼ 11.1% |
| Amounts payable after more than one year17 | - | €25k | €19k | €11k | €3k | ▼ 75.0% |
| Financial debts170/4 | - | €25k | €19k | €11k | €3k | ▼ 75.0% |
| Amounts payable within one year42/48 | €61k | €50k | €56k | €81k | €79k | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | - | €3k | €6k | €32k | €10k | ▼ 67.9% |
| Trade debts44 | €45k | €27k | €21k | €20k | €34k | ▲ 68.0% |
| Suppliers440/4 | - | €27k | €21k | €20k | €34k | ▲ 68.0% |
| Taxes, remuneration and social security45 | - | €13k | €19k | €22k | €26k | ▲ 20.6% |
| Taxes450/3 | - | €8k | €5k | €8k | €11k | ▲ 38.4% |
| Remuneration and social security454/9 | - | €6k | €14k | €13k | €15k | ▲ 9.6% |
| Other amounts payable47/48 | - | €7k | €10k | €7k | €9k | ▲ 21.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-13k | €32k | €12k | €7k | €8k | ▲ 16.9% |
| + Depreciation and write-downs630 | €7k | €9k | €6k | €7k | €7k | ▲ 0.5% |
| Operating cash flow (approximation) | €-7k | €41k | €19k | €14k | €15k | ▲ 9.0% |
| Investment in fixed assets (approximation) | - | €-5k | €-13k | €-2k | €-2k | ▼ 40.8% |
| Change in cash | - | €65k | €-21k | €-8k | €-8k | ▼ 2.3% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 10 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zemst · 1 establishment unit since 2013
Ground area
563 m²
Building footprint
188 m²
Volume, LiDAR
1,465 m³
2 parcels, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Escada
since 20132.218.310.420
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23034A0390/00W000 | Flanders | 353 m² | 1 · 39 m² | 6.5 m · 2 fl. |
| 11472C0336/00E004 | Flanders | 210 m² | 1 · 149 m² | 13.1 m · 3 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
2024 to 2025 · 2 entries · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 1 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 1 ended approval
Kapper (so)
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Of 21,739 companies in sector 96210 we hold annual accounts for 2,827. 2,217 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
Founded05-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
96220Beauty care and other beauty treatments
Contact
E-mail
info@escada-edegem.be
Scores and ratios are computed by Checked and are not a credit decision.