Equity
-€6,398
Debts exceed assets in financial year 2025.
Karsel
Lifetime
9 annual accounts with figures on one time axispeak €166,322 (2023)
€126,405▼ 18.4%
lowest -€40,016 (2025)
-€40,016▼ €60,353
peak €76,710 (2024)
-€6,398▼ €83,108
€323,814▲ 65.2%
peak 3.5 FTE (2019)
-not published
Board3 names since 2021
3 directorsJouri Van de Sype and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €154,866 to €126,405Loss of €40,016Dividend €43,092Equity from €76,710 to -€6,398Debts from €196,045 to €323,814Investments €117,918
Key points
from the 2025 annual accountsResult
-€40,016 -€40,016
From profit to loss in 2025, after a profit of €20,337 in 2024.
Debts
€323,814 102% of the balance sheet
Suppliers 6%Taxes and wages 11%Other 84%
Investments
€117,918 4.8 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 3124.5% higher than in 2024.
Staff
3 employees on 31-12-2025
In 2025, 4 people joined and 4 left.
Position in the sector
-€40,016
Lower net result than 95% of companies in personal services. Sector median €2,797 · 5,760 companies.
2025 accounts filed 31 days after the deadline
Checked score
35
Weak
Financially stronger than 15% of micro companies in personal services (NACE 96)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.8% Elevated
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 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.8%▼ -0.1 percentage points vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025lowest value
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.5 percentage points vs 07-2025
09-2025: 1.5%▲ +0.2 percentage points vs 08-2025
10-2025: 2.3%▲ +0.8 percentage points vs 09-2025
11-2025: 2.4%▲ +0.1 percentage points vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.3%▼ -0.1 percentage points vs 12-2025
02-2026: 2.3%● unchanged vs 01-2026
03-2026: 2.0%▼ -0.3 percentage points vs 02-2026
04-2026: 3.4%▲ +1.4 percentage points vs 03-2026
05-2026: 3.5%▲ +0.1 percentage points vs 04-2026
06-2026: 3.4%▼ -0.1 percentage points vs 05-2026
07-2026: 3.5%▲ +0.1 percentage points vs 06-2026
08-2026: 4.2%▲ +0.7 percentage points vs 07-2026
09-2026: 4.9%▲ +0.7 percentage points vs 08-2026highest value
10-2026: 4.8%▼ -0.1 percentage points vs 09-2026
11-2026: 4.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €40,016 (financial year 2025)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
1 change of registered office in 24 months
lowers risk
Size: total assets €317,416
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 28% of them on solvency, 5% on liquidity, 18% on profitability and 7% on growth.
The bankruptcy probability was computed on 08-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 6,907 companies had the same profile as Karsel has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Karsel itself: 4.8% 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 6,907 companies, not a prediction for Karsel. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.28 in 2024), below 1. Short-term debt is 102% and cash 2.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021232425
2018 to 2025 · latest year -€6,398
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
31 days late
2024
68 days late
2023
29 days late
2021
31 days late
2020
61 days late
2019
28 days late
2018
30 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 40 days after 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 31 August (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VD
Van De Sype Jean-Pierre
Director
- Jouri Van De Sype 95%annual accounts 2017
- Jean - Pierre Van De Sype 5%annual accounts 2017
Recent changes
Company renamed from Levik to Karsel
Registered office moved from Sint-Niklaas to Kruisem · New registered office: Deinse Baan 14, 9750 Kruisem · Previous registered office: Stationsstraat 51, 9100 Sint-Niklaas · General meeting of 12-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0636943174
Environmental permit granted
Bouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Gent
Change of role: Jouri Van de Sype, from manager to director
“Uitbating van kapsalon; Aanneming en onder aanneming voor verkoop aan derden van : Algemene bouwwerken, het…” (deed in Dutch) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 02-12-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Karsel Kruisem | €317,416 | €126,405 | -2.0% | - |
| ACADEMY COIFFURE Hoegaarden | €326,951 | €116,706 | 33.7% | - |
| COIFFURE BIBOT Alexandre Ciney | €286,996 | €129,116 | 7.2% | - |
| MAK & PINK Mechelen | €325,146 | €101,697 | 8.4% | - |
| Fever Hairstyle Ranst | €365,440 | €143,374 | 31.1% | - |
| KREAVEE Kalmthout | €331,830 | €171,562 | 88.4% | - |
| ADEKSPO Niel | €269,440 | €131,913 | 11.4% | - |
These companies have the same main activity as Karsel: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €269,000 and €365,000, founded between 2014 and 2016.
Official details
Source: KBO- Status
- Active since 10-09-2015Normal situation
- Activity
- Hairdressing and barber servicesNACE 96210
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2025
- Establishment unit
- 2.245.722.6209100 Sint-Niklaas, since 10-09-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 24-02-2026
Annual accounts 2025
- ≈ €220,000estimated
- €317,416▲ 16.4%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 31-08-2026
Insights on Karsel
Karsel files the micro format. That format states no turnover. The gross margin rose from €60,499 in 2016 to €126,405 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets.
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 Karsel
- What is the company number of Karsel?
- The company number of Karsel is 0636.943.174. The VAT number is the same number with BE in front: BE 0636.943.174.
- Where is Karsel based?
- The registered office is at Deinse Baan 14, 9750 Kruisem.Company details
- What does Karsel do?
- According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
- What is the legal form of Karsel?
- Karsel is a private limited company (BV).
- When was Karsel founded?
- Karsel was founded on 10-09-2015.
- Is Karsel still active?
- Yes, Karsel is an active enterprise in the KBO register.
- How many employees does Karsel have?
- Karsel had an average of 3.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Karsel fall under?
- In its 2025 annual accounts, Karsel states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of Karsel?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €126,405 and 38 comparable companies (NACE 96). It probably lies between €160,000 and €260,000.
- Is Karsel profitable?
- In financial year 2025, Karsel made a loss of €40,016.
- Where can I find the annual accounts of Karsel?
- Karsel filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Karsel due?
- Karsel must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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