Equity
-€1,041
Debts exceed assets in financial year 2025.
MODERNE KAPSALON
Lifetime
3 annual accounts with figures on one time axispeak €96,988 (2023)
€39,958▼ 48.6%
lowest -€19,786 (2025)
-€19,786▼ €20,017
peak €18,745 (2024)
-€1,041▼ €19,786
€27,548▲ 115%
Board1 name since 2022
1 directorHAMO Salah Ramadan
Documentsfilings and deeds
20-10-202681 days late
2025abbreviated format
Gross margin from €77,704 to €39,958Loss of €19,786Equity from €18,745 to -€1,041Debts from €12,799 to €27,548
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The accounts state no turnover.
Debts
€27,548 104% of the balance sheet
Suppliers 5%Taxes and wages 94%Other 1%
Of this, €27,258 falls due within a year.
Filings
3 annual accounts 81 days
Latest accounts filed late: after the legal deadline.
Starting capital
€19,000 100 shares
Position in the sector
-€19,786
Lower net result than 88% of companies in personal services. Sector median €5,248 · 1,380 companies.
Checked score
50
Fair
Financially stronger than 19% of micro companies in personal services (NACE 96)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.7% Moderate
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 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.3%
01-2025: 1.1%▼ -0.2 percentage points vs 12-2024lowest value
02-2025: 1.1%● unchanged vs 01-2025lowest value
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.9%▲ +0.8 percentage points vs 07-2025
09-2025: 2.1%▲ +0.2 percentage points vs 08-2025
10-2025: 1.6%▼ -0.5 percentage points vs 09-2025
11-2025: 1.6%● unchanged vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.5%▼ -0.1 percentage points vs 12-2025
02-2026: 1.5%● unchanged vs 01-2026
03-2026: 1.6%▲ +0.1 percentage points vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.7%▲ +0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.5%▼ -0.2 percentage points vs 06-2026
08-2026: 2.1%▲ +0.6 percentage points vs 07-2026
09-2026: 2.3%▲ +0.2 percentage points vs 08-2026
10-2026: 2.7%▲ +0.4 percentage points vs 09-2026highest value
11-2026: 2.7%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 81 days late; 3 of the last 3 accounts late
Loss of €19,786 (financial year 2025)
lowers risk
Size: total assets €26,507
Liquidity: current ratio 0.36, cash €8,982
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, 34% on liquidity, 9% on profitability and 7% 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 moderate class on 30-06-2025, 2.4% 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, 7,639 companies had the same profile as MODERNE KAPSALON has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MODERNE KAPSALON itself: 2.7% 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 7,639 companies, not a prediction for MODERNE KAPSALON. 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 0.36 (0.71 in 2024), below 1. Short-term debt is 102.8% and cash 33.9% 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
232425
2023 to 2025 · latest year -€1,041
raises risk · 2025 accounts filed 81 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-10-2026, 81 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 · 3 filingsDeviation from the deadline
2025
81 days late
2024
46 days late
2023
101 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 76 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 20 October (3 of the last 3 accounts filed within 35 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0793290150
First establishment
Vissersstraat 21, Blankenberge
Incorporation
Founding capital of €19,000, 100 shares, €7,000 paid up · Founder: HAMO Salah Ramadan · Appointment: HAMO Salah Ramadan (director) · published on 08-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MODERNE KAPSALON Blankenberge | - | - | -3.9% | - |
| TURRI FAMILY Ternat | - | - | 70.2% | - |
| ODeVie Zedelgem | - | - | 59.1% | - |
| Lunelle Natural Hair Tielt | - | - | 24.4% | - |
| KEVINS KAPSALON Ypres | - | - | 56.4% | - |
| AYLA Bruges | €75,244 | 21.5% | 61.1% | - |
| SEZAAR Mechelen | €63,269 | 17.6% | 26.4% | - |
These companies have the same main activity as MODERNE KAPSALON: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €25,200 and €33,600, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 04-11-2022Normal situation
- Activity
- Hairdressing and barber servicesNACE 96210
- Establishment unit
- 2.338.749.5788370 Blankenberge, since 01-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on MODERNE KAPSALON
MODERNE KAPSALON files the abbreviated format. That format states no turnover. The gross margin fell from €96,988 in 2023 to €39,958 in 2025.
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 MODERNE KAPSALON
- What is the company number of MODERNE KAPSALON?
- The company number of MODERNE KAPSALON is 0793.290.150. The VAT number is the same number with BE in front: BE 0793.290.150.
- Where is MODERNE KAPSALON based?
- The registered office is at Vissersstraat 21, 8370 Blankenberge.Company details
- What does MODERNE KAPSALON do?
- According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
- What is the legal form of MODERNE KAPSALON?
- MODERNE KAPSALON is a private limited company (BV).
- When was MODERNE KAPSALON founded?
- MODERNE KAPSALON was founded on 04-11-2022.
- Is MODERNE KAPSALON still active?
- Yes, MODERNE KAPSALON is an active enterprise in the KBO register.
- What is the turnover of MODERNE KAPSALON?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €39,958 and 34 comparable companies (NACE 96210). It probably lies between €86,000 and €140,000.Financials
- Is MODERNE KAPSALON profitable?
- In financial year 2025, MODERNE KAPSALON made a loss of €19,786.
- Where can I find the annual accounts of MODERNE KAPSALON?
- MODERNE KAPSALON filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MODERNE KAPSALON due?
- MODERNE KAPSALON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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