Equity
Debts exceed assets in financial year 2024.
Debts exceed assets in financial year 2024.
Of this, €65,274 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 54.1% higher than in 2023.
Short-term debts rose from €64,814 to €65,274.
2025 accounts not filed: deadline was 31-07-2026.
Lower net result than 95% of companies in personal services. Sector median €2,861 · 6,078 companies.
The dashed line is the sector median: 0.7% across 7,627 companies (NACE 96, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 11% of them on solvency, 55% on liquidity, 9% on profitability and 1% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2024.
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).
In July 2024, 7,639 companies had the same profile as KD BRILLANCE has now. Each dot stands for 20 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KD BRILLANCE itself: 6.4% within 12 months.
The method was tested on the 497,446 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 7,639 companies, not a prediction for KD BRILLANCE. 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.
Liquidity is insufficient, with a current ratio of 0.63 (1.03 in 2023), below 1. Short-term debt is 33.1% and cash 13.4% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 70 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.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| KD BRILLANCE Asse | €197,165 | -€26,350 | -30.1% | - |
| MEDIDENTAL Vilvoorde | €168,514 | -€971 | -23.8% | - |
| WoWBeauty Buggenhout | €182,087 | -€40,971 | -44.7% | - |
| LA BELLE FILLE Zedelgem | €232,139 | -€10,272 | 17.3% | - |
| Triple A Plus Rixensart | €191,546 | €867 | 99.9% | - |
| OMBRE BEAUTY Hasselt | €141,126 | -€8,374 | -13.4% | - |
| LOMENDI Braine-le-Comte | €221,122 | -€1,174 | 57.2% | - |
These companies have the same main activity as KD BRILLANCE: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €141,000 and €232,000, founded between 2020 and 2023.
KD BRILLANCE files the micro format. That format states no turnover. The gross margin fell from -€6,567 in 2022 to -€26,350 in 2024.
The balance sheet grew most from 2023 to 2024 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.
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