NERZH
ActiveSummary
NERZH has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,736 and a net result of -€1,400. Equity has been growing by about 45% per year since 2023. Its solvency ranks better than 82% of 5,717 sector peers (NACE 96, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-06-2023 Normal situation
- Activity
- Beauty care and other beauty treatments NACE 96220and 3 others
- Establishment unit
- 2.346.599.650 1460 Ittre, since 23-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Gross margin
- €9,440
- ▼ 85.7%
- Turnover
- ≈ €42,000
- estimated
- Loss
- €1,400
- Equity
- €48,736
- ▼ 2.8%
- Total assets
- €70,882
- ▼ 1.5%
- 2025 accounts filed 47 days after the deadline
Score breakdownraises riskLast filed accounts filed 47 days late; 2 of the last 3 accounts lateFounded in 20231 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.48, cash €53,585Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 82% of them on solvency, 88% on liquidity, 45% on profitability and 36% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 31 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)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 47 days after the deadline Filed on 16 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00514095.
Annual accounts 2025 filed on 16-09-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €20, after a profit of €58,380 in 2024. It is the lowest result since 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Personal service activities (NACE 96). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €20,783 | €2,180 | €12,349 |
| Depreciation and write-downs of the year | €3,089 | €7,133 | €9,040 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as NERZH: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €67,200 and €86,900, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| NERZH Ittre | 2023 | €70,882 | €48,736 | €9,440 | -€1,400 | 2025 |
| DK INSTITUT Machelen (Brab.) | 2023 | €67,165 | -€7,585 | €9,652 | -€204 | 2024 |
| CLINIQUE OF SENS Voeren | 2023 | €77,371 | -€24,103 | €9,114 | -€11,338 | 2025 |
| BEAUTYLOUNGE Temse | 2023 | €78,878 | €10,391 | €10,570 | €26 | 2025 |
| AL-AMIN Antwerpen | 2023 | €80,048 | €9,918 | €10,498 | -€9,655 | 2025 |
| Els Swinnen Sint-Truiden | 2022 | €73,526 | €4,272 | €10,999 | -€4,214 | 2025 |
| CMW ESTHETIQUE Court-Saint-Etienne | 2023 | €86,896 | €11,788 | €14,332 | -€11,613 | 2025 |
They were chosen from the 1,713 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,145 companies had the same profile as NERZH has now. Two years later, 2.2% had gone bankrupt and 91.7% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NERZH itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,445 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 2,145 companies, not a prediction for NERZH. 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €169,586 | €398,741 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €160,500 | €332,840 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,089 | €7,133 | €9,040 | ▲ 26.7% |
| Other operating charges640/8 | €534 | €387 | €421 | ▲ 8.6% |
| Gross operating margin9900 | €9,086 | €65,901 | €9,440 | ▼ 85.7% |
| Operating profit (loss)9901 | €5,463 | €58,380 | -€20 | - |
| Financial income75/76B | €120 | €389 | €34 | ▼ 91.2% |
| Recurring financial income75 | €120 | €389 | €34 | ▼ 91.2% |
| Financial charges65/66B | €383 | €397 | €162 | ▼ 59.1% |
| Recurring financial charges65 | €383 | €397 | €162 | ▼ 59.1% |
| Profit (loss) for the period before taxes9903 | €5,200 | €58,372 | -€148 | - |
| Income taxes67/77 | €1,656 | €12,780 | €1,252 | ▼ 90.2% |
| Profit (loss) for the period9904 | €3,544 | €45,592 | -€1,400 | - |
| Profit (loss) for the period to be appropriated9905 | €3,544 | €45,592 | -€1,400 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €94,743 | €71,989 | €70,882 | ▼ 1.5% |
| Fixed assets21/28 | €17,694 | €12,741 | €16,050 | ▲ 26.0% |
| Tangible fixed assets22/27 | €17,694 | €12,741 | €16,050 | ▲ 26.0% |
| Plant, machinery and equipment23 | €2,175 | €1,346 | €7,741 | ▲ 475% |
| Furniture and vehicles24 | €15,519 | €11,395 | €8,309 | ▼ 27.1% |
| Current assets29/58 | €77,049 | €59,248 | €54,832 | ▼ 7.5% |
| Stocks and contracts in progress3 | €11,497 | - | - | - |
| Stocks30/36 | €11,497 | - | - | - |
| Amounts receivable within one year40/41 | €35,205 | €11,121 | €1,062 | ▼ 90.5% |
| Trade receivables40 | €26,487 | €1,062 | €1,062 | = |
| Other amounts receivable41 | €8,718 | €10,059 | - | - |
| Cash at bank and in hand54/58 | €30,222 | €47,946 | €53,585 | ▲ 11.8% |
| Deferred charges and accrued income490/1 | €125 | €181 | €185 | ▲ 2.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €94,743 | €71,989 | €70,882 | ▼ 1.5% |
| Equity10/15 | €4,544 | €50,136 | €48,736 | ▼ 2.8% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €3,544 | €49,136 | €47,736 | ▼ 2.8% |
| Amounts payable17/49 | €90,199 | €21,852 | €22,146 | ▲ 1.3% |
| Amounts payable within one year42/48 | €90,199 | €21,852 | €22,146 | ▲ 1.3% |
| Trade debts44 | €69,242 | €6,982 | €2,582 | ▼ 63.0% |
| Suppliers440/4 | €69,242 | €6,982 | €2,582 | ▼ 63.0% |
| Taxes, remuneration and social security45 | €3,456 | €14,580 | €14,653 | ▲ 0.5% |
| Taxes450/3 | €2,256 | €13,380 | €14,653 | ▲ 9.5% |
| Remuneration and social security454/9 | €1,200 | €1,200 | - | - |
| Other amounts payable47/48 | €17,500 | €290 | €4,910 | ▲ 17× |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,544 | €45,592 | -€1,400 | - |
| + Depreciation and write-downs630 | €3,089 | €7,133 | €9,040 | ▲ 26.7% |
| Operating cash flow (approximation) | €6,632 | €52,726 | €7,640 | ▼ 85.5% |
| Investment in fixed assets (approximation) | - | -€2,180 | -€12,349 | ▼ 466% |
| Change in cash | - | €17,724 | €5,639 | ▼ 68.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- HUYGENS Stéphane 49 shares (49%) · €490
- CROZON Gwenaëlle Catherine 49 shares (49%) · €490
- HUYGENS Tifenn Martine Valentine 1 share (1%) · €10
- HUYGENS Madeleine Laure Simonne 1 share (1%) · €10
Capital transactions
- 17-10-2025 Capital stated in the deed · 100 shares
- 27-06-2023 Incorporation · €1,000 · 100 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d’actions acquises, tous cas de cessions…”deed of 17-10-2025 (in Dutch)
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 27-06-2023 (in Dutch)
Network & group
NERZH shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of NERZH. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-10
Gazette deed
Amendment of the articlesCapital3 points ▸
- General meeting, “Assemblée générale extraordinaire de la SRL NERZH” (deed in Dutch)
- Amendment of the articles
- Capital
12-08
Gazette deed
Registered officeRegistered-office move2 points ▸
- General meeting, 17-07-2025
- Registered-office move, 1460Virginal-Samme,RueduCentre24
27-06
Gazette deed
IncorporationStarting capital €1,000 · Appointment: CROZON Gwenaëlle Catherine (director) · Founder13 points ▸
- Incorporation, “NERZH” (deed in Dutch)
- Founder, HUYGENS Stéphane
- Founder, CROZON Gwenaëlle Catherine
- Founder, HUYGENS Tifenn Martine Valentine
- Founder, HUYGENS Madeleine Laure Simonne
- Founding capital, €1,000
- Bank account, 1000, EUR
- Capital
- Registered office clause, “Ninoofsesteenweg 600 in 1701 Itterbeek” (deed in Dutch)
- Other provision, “gwenaellecrozon@yahoo.fr, e-mailadres en communicatie” (deed in Dutch)
- Director appointment, CROZON Gwenaëlle Catherine (director)
- Board rule, 1
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
8 activities
- La réalisation de soins esthétiques.
- Les services de tatouage et de piercing.
- Le commerce de gros d’appareils électriques, y compris la quincaillerie et leur installation.
- L’importation et l’exportation de toutes sortes de marchandises.
- Les activités de conseil en ingénierie et techniques, à l’exception des activités de géomètres-experts.
- L’architecture paysagère.
- Les cours de yoga.
- Tous services rendus aux particuliers et aux entreprises.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25108B0475/00D000 | Wallonia | 281 m² | 1 · 110 m² | - |