Equity
€47,902 ▲ 24.5%
GWHB paid out €9,000 in dividends. That is 49% of the 2025 profit.
GWHB
Lifetime
12 annual accounts with figures on one time axispeak €186,266 (2025)
€186,266▲ 24.0%
lowest -€13,382 (2020)
€18,416▲ 117%
peak €47,902 (2025)
€47,902▲ 24.5%
€70,888▼ 13.6%
peak 2.5 FTE (2017)
-not published
Board3 names since 2021
1 directorSEB Holding
Owners2 names in the annual accounts
via 100%ESB-GROUP and 1 other
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
Gross margin from €150,234 to €186,266Result from €8,483 to €18,416Dividend €9,000Equity from €38,487 to €47,902
Key points
from the 2025 annual accountsTurnover
≈ €330,000 estimated
The micro format states no turnover.
Staff
4 employees on 31-12-2025
In 2025, 6 people joined and 6 left.
Filings
12 annual accounts since 2014
Three of the last ten came late. The 2019 accounts came latest: 98 days after the end of the period.
At the same address
11 companies
Position in the sector
€186,266
Higher gross margin than 89% of companies in personal services. Sector median €26,932 · 5,754 companies.
Checked score
95
Excellent
Financially stronger than 67% of micro companies in personal services (NACE 96)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.1%▼ -0.1 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Founded in 2013
Liquidity: current ratio 1.39, cash €34,985
Equity €47,902 (40.3% of total assets)
Figures for financial year 2025 (filed on 26-06-2026)
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 61% of them on solvency, 59% on liquidity, 77% on profitability and 71% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as GWHB has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of GWHB itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for GWHB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.39 (1.19 in 2024), below the usual 1.5. Short-term debt is 59.7% and cash 29.5% of total assets. 59.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
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 €47,902
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
31 days early
2023
37 days early
2022
41 days early
2021
4 days early
2020
9 days early
2019
98 days late
← 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 8 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 26 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SEB Holding 100%equity €81,107 (2025) · 2025 annual accounts of SEB Holding
- ESB-GROUPequity €1.7m (2025) · 2025 annual accounts of ESB-GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0525797705
Registered office moved to Hofstade
New registered office: Zemstsesteenweg 1, 1861 Hofstade (Zemst) · Resignations: WOUTERS Gitte (manager) and ALMOND Jef (manager) · Appointment: SEB HOLDING (director) · General meeting of 10-02-2022 · Gazette deed
Incorporation
published on 17-04-2013 · Gazette deed
First establishment
Escada, Gemeenteplein 15, Edegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GWHB Zemst | €118,790 | €186,266 | 40.3% | - |
| MJN PROJECT Waasmunster | €122,491 | €184,071 | 10.9% | - |
| AVRYL Coiffure Visé | €128,432 | €180,270 | 43.8% | - |
| KREAMOL Mol | €109,516 | €190,152 | 54.9% | 3.3 |
| ORNATRIX Herve | €113,929 | €240,437 | -163.7% | - |
| CA EMBOURG Chaudfontaine | €122,423 | €170,207 | 22.3% | - |
| Coupe Pure Turnhout | €124,402 | €143,298 | 64.7% | - |
These companies have the same main activity as GWHB: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €110,000 and €128,000, founded between 2011 and 2015.
Official details
Source: KBO- Status
- Active since 05-04-2013Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Hairdressing and barber servicesNACE 96210and 2 others
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2025
- Establishment unit
- 2.218.310.4202650 Edegem, since 05-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €118,790▼ 1.5%
- Employeeson 31-12-2025
- 4=
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on GWHB
GWHB files the micro format. That format states no turnover. The gross margin rose from €80,257 in 2014 to €186,266 in 2025.
SEB Holding holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GWHB
- What is the company number of GWHB?
- The company number of GWHB is 0525.797.705. The VAT number is the same number with BE in front: BE 0525.797.705.
- Where is GWHB based?
- The registered office is at Zemstsesteenweg 1, 1981 Zemst.Company details
- What does GWHB do?
- According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
- What is the legal form of GWHB?
- GWHB is a private limited company (BV).
- When was GWHB founded?
- GWHB was founded on 05-04-2013.
- Is GWHB still active?
- Yes, GWHB is an active enterprise in the KBO register.
- How many employees does GWHB have?
- GWHB had an average of 4.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does GWHB fall under?
- In its 2025 annual accounts, GWHB states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of GWHB?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €186,266 and 38 comparable companies (NACE 96). It probably lies between €240,000 and €380,000.
- Is GWHB profitable?
- In financial year 2025, GWHB made a profit of €18,416.
- Where can I find the annual accounts of GWHB?
- GWHB filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GWHB due?
- GWHB must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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