Active BE 0440.257.264Private limited company (pre-2019)Open bankruptcy

HAIRLINEA

Boterlaarbaan 400 ·2100 Antwerpen, Belgium· 36 yrs active

Sector: Kappers- en barbiersactiviteiten (96210)

Conclusion Checked

A bankruptcy procedure is open for HAIRLINEA according to publications in the Belgian State Gazette. The 2021 annual accounts show negative equity (€-422k) and a net result of €-14k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-422k
Net result	€-14k
Staff (FTE)	10.9
Better than sector	5%

Financial profile 5 of 5 axes measured · computed by Checked

16 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 7

Solvency 33

Growth 38

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 21-06-2022 with the NBB · fiscal year 2021 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2021 · NACE 96, Personal services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-689.4%	18.0%	better than 5% of 527 sector peers
Net result	€-14k	€479	better than 15% of 526 sector peers
Equity	€-422k	€6k	better than 5% of 530 sector peers
Gross operating margin	€235k	€13k	better than 93% of 526 sector peers
Staff costs	€236k	€25k	higher than 92% of 239 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€354k

+2.4% 18-21

EBITDA

€-1k

+91.6% 18-21

Net profit

€-14k

+97.2% 18-21

Cash flow

€-2k

+99.5% 18-21

Total assets

€61k

-50.1% 18-21

Equity

€-422k

-3.4% 18-21

Working capital

€-382k

-1.4% 18-21

Employees (FTE)

11

-6.0% 18-21

Show 14 other metrics

Staff costs

€236k

- 18-21

Income taxes

€2

- 18-21

Debt

€483k

-8.9% 18-21

Debt ≤ 1y

€440k

-9.2% 18-21

Debt > 1y

€43k

-5.8% 18-21

Current ratio

0.13

-40.8% 18-21

Quick ratio

0.02

+1.3% 18-21

Solvency

-689.4%

-107.5% 18-21

Debt / equity

-1.15

-924.0% 18-21

ROE

3.3%

-97.3% 18-21

ROA

-23.0%

+94.5% 18-21

Net margin

-4.0%

+97.3% 18-21

EBITDA margin

-0.4%

+91.8% 18-21

Interest coverage

-1.41

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	€354k
EBITDA	€-1k
Net profit	€-14k
Cash flow	€-2k
Staff costs	€236k
Income taxes	-
Dividends	-
Total assets	€61k
Equity	€-422k
Debt	€483k
of which ≤ 1y	€440k
of which > 1y	€43k
Working capital	€-382k
Employees (FTE)	10.9

Ratios (computed)

	2021
Current ratio	0.13
Quick ratio	0.02
Working capital ratio	-624.0%
Solvency	-689.4%
Debt / equity	-1.15
Long-term debt ratio	-0.10
Interest coverage	-1.41
Gross margin	70.2%
Net margin	-4.0%
ROA	-23.0%
ROE	3.3%
EBITDA margin	-0.4%
Days sales outstanding	8d
Days payable outstanding	170d
Inventory turnover	2.15
Days inventory (DSI)	170d

Balance-sheet composition 2021

Assets

Fixed assets €3k · 4.8% Current assets €58k · 95.2%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€61k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€1k
Financial fixed assets	28	€2k
Current assets	29/58	€58k
Stocks & contracts in progress	3	€49k
Amounts receivable within one year	40/41	€8k
Cash & bank	54/58	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€61k
Equity	10/15	€-422k
Contributions / capital	10/11	€79k
Reserves	13	€25k
Accumulated profits (losses)	14	€-525k
Amounts payable	17/49	€483k
Amounts payable after one year	17	€43k
Amounts payable within one year	42/48	€440k
Trade debts payable within one year	44	€49k
Income statement
Turnover	70	€354k
Gross operating margin	9900	€235k
Operating result	9901	€-13k
Financial income	75	€0
Financial charges	65	€971
Result before taxes	9903	€-14k
Net result for the period	9904	€-14k
Result to be appropriated	9905	€-14k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	PETER HECHTERMANS JUSTITIESTRAAT 27 BUS 12, 2018 ANTWERPEN 1	30-06-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Kappers- en barbiersactiviteiten(96210)
Legal form	Private limited company (pre-2019)(015)
Incorporation	11-04-1990
Status	Active
Postal code	2100
First BS signal	06-07-2022
Latest BS signal	06-07-2022

Establishment units 3 locations

HAIRLINEA

Boterlaarbaan 400, 2100 Antwerpende kleinhandel in geneeskrachtige kruiden

since 19902.130.404.862

HAIRLINEA

Turnhoutsebaan 188, 2970 Schildede kleinhandel in geneeskrachtige kruiden

since 20002.130.404.961

HAIR LINEA

Antwerpsesteenweg 258, 2390 MalleKleinhandel in reukwerk en cosmetica

since 20082.173.439.012

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11049A0388/00N002	Flanders	599 m²	1 · 174 m²	10.2 m · 2 fl.
11345B0348/00P006	Flanders	497 m²	1 · 203 m²	10.1 m · 3 fl.
11922C0070/00R000	Flanders	400 m²	1 · 165 m²	10.5 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

06-07-2022

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · HAIRLINEA BVBA BOTER- LAARBAAN 400, 2100 DEURNE (ANTWERPEN) · event 30-06-2022

21-06-2022