S1
ActiveSummary
The computed 12-month bankruptcy probability of S1 is 2.2% (moderate). The 2025 annual accounts show negative equity (€-93k) and a net result of €45k. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 8% of 4659 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.33 in 2024; short-term debt: 271.4% and cash: 28.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-292.4%
Return on assets
141.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 4659 sector peers (2025).
NBB · sector comparisonPosition among 4659 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
2 d early
2022
41 d early
2021
32 d early
2020
12 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-93k▲ 32.7%
2024 · €-138k
2020: €-68khighest in 6 years
2021: €-77k▼ -13.9% vs 2020
2022: €-101k▼ -31.0% vs 2021
2023: €-112k▼ -11.2% vs 2022
2024: €-138k▼ -23.0% vs 2023lowest in 6 years
2025: €-93k▲ +32.7% vs 2024
2020 → 2025
Total assets
€32k▼ 66.0%
2024 · €94k
2020: €135k
2021: €153k▲ +13.8% vs 2020highest in 6 years
2022: €120k▼ -21.8% vs 2021
2023: €114k▼ -4.9% vs 2022
2024: €94k▼ -17.8% vs 2023
2025: €32k▼ -66.0% vs 2024lowest in 6 years
2020 → 2025
Net result
€45k
2024 · €-26k
2020: €-83klowest in 6 years
2021: €-9k▲ +88.6% vs 2020
2022: €-24k▼ -154% vs 2021
2023: €-11k▲ +52.5% vs 2022
2024: €-26k▼ -128% vs 2023
2025: €45k▲ +274% vs 2024highest in 6 years
2020 → 2025
Working capital
€-59k▲ 39.7%
2024 · €-97k
2020: €-24khighest in 6 years
2021: €-59k▼ -145% vs 2020
2022: €-57k▲ +3.6% vs 2021
2023: €-68k▼ -19.4% vs 2022
2024: €-97k▼ -44.0% vs 2023lowest in 6 years
2025: €-59k▲ +39.7% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-77k-€-101k▼ 31.0%€-112k▼ 11.2%€-138k▼ 23.0%€-93k▲ 32.7%
2021: €-77khighest in 5 years
2022: €-101k▼ -31.0% vs 2021
2023: €-112k▼ -11.2% vs 2022
2024: €-138k▼ -23.0% vs 2023lowest in 5 years
2025: €-93k▲ +32.7% vs 2024
Operating result€-7k-€-22k▼ 207%€-8k▲ 60.8%€-23k▼ 168%€50k
2021: €-7k
2022: €-22k▼ -207% vs 2021
2023: €-8k▲ +60.8% vs 2022
2024: €-23k▼ -168% vs 2023lowest in 5 years
2025: €50k▲ +321% vs 2024highest in 5 years
Net result€-9k-€-24k▼ 154%€-11k▲ 52.5%€-26k▼ 128%€45k
2021: €-9k
2022: €-24k▼ -154% vs 2021
2023: €-11k▲ +52.5% vs 2022
2024: €-26k▼ -128% vs 2023lowest in 5 years
2025: €45k▲ +274% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €50k after a loss of €23k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€4k ▼ 91.0%
Current assets
€28k ▼ 42.2%
Key figures and ratios
EBITDA
€62k▲
2024 · €-8k
Cash flow
€58k▲
2024 · €-11k
Solvency
-292.4%▼
2024 · -147.7%
Current ratio
0.32▼
2024 · 0.33
Quick ratio
0.21▼
2024 · 0.23
Debt to equity
-1.34▲
2024 · -1.68
ROA
141.8%▲
2024 · -27.6%
Interest coverage
13.41▲
2024 · -2.38
Debt
€125k▼
2024 · €232k
Debt ≤ 1 year
€86k▼
2024 · €145k
Debt > 1 year
€39k▼
2024 · €87k
Staff costs
€143k▼
2024 · €150k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€94k€32k▼
Fixed assets21/28€46k€4k▼
Intangible fixed assets21€19k€0▼
Tangible fixed assets22/27€27k€4k▼
Furniture and vehicles24€501€49▼
Other tangible fixed assets26€26k€4k▼
Current assets29/58€48k€28k▼
Stocks and contracts in progress3€15k€10k▼
Stocks30/36€15k€10k▼
Amounts receivable within one year40/41€13k€8k▼
Trade receivables40€13k€8k▼
Other amounts receivable41€226€222▼
Cash at bank and in hand54/58€18k€9k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€94k€32k▼
Equity10/15€-138k€-93k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€-153k€-108k▲
Amounts payable17/49€232k€125k▼
Amounts payable after more than one year17€87k€39k▼
Financial debts170/4€73k-
Other amounts payable178/9€13k€39k▲
Amounts payable within one year42/48€145k€86k▼
Current portion of amounts payable after more than one year42€27k€4k▼
Trade debts44€64k€40k▼
Suppliers440/4€64k€40k▼
Taxes, remuneration and social security45€54k€35k▼
Taxes450/3€18k€14k▼
Remuneration and social security454/9€36k€21k▼
Other amounts payable47/48€572€8k▲
Income statement
Code20242025
Non-recurring operating income76A€91k€117k▲
Remuneration, social security and pensions62€150k€143k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€144k€208k▲
Operating profit (loss)9901€-23k€50k▲
Financial income75/76B-€38
Recurring financial income75-€38
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€-26k€45k▲
Profit (loss) for the period9904€-26k€45k▲
Profit (loss) for the period to be appropriated9905€-26k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-153k€-108k▲
Profit (loss) brought forward from the previous period14P€-127k€-153k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €91k | €117k | ▲ 28.6% |
| Remuneration, social security and pensions62 | €118k | €149k | €139k | €150k | €143k | ▼ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €16k | €15k | €15k | €13k | ▼ 14.3% |
| Other operating charges640/8 | €2k | €1k | €3k | €2k | €3k | ▲ 19.6% |
| Gross operating margin9900 | €129k | €145k | €149k | €144k | €208k | ▲ 44.0% |
| Operating profit (loss)9901 | €-7k | €-22k | €-8k | €-23k | €50k | ▲ 321% |
| Financial income75/76B | €431 | €247 | €0 | - | €38 | - |
| Recurring financial income75 | €431 | €247 | €0 | - | €38 | - |
| Financial charges65/66B | €3k | €3k | €3k | €3k | €5k | ▲ 39.8% |
| Recurring financial charges65 | €3k | €3k | €3k | €3k | €5k | ▲ 39.8% |
| Profit (loss) for the period before taxes9903 | €-9k | €-24k | €-11k | €-26k | €45k | ▲ 274% |
| Profit (loss) for the period9904 | €-9k | €-24k | €-11k | €-26k | €45k | ▲ 274% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €-24k | €-11k | €-26k | €45k | ▲ 274% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153k | €120k | €114k | €94k | €32k | ▼ 66.0% |
| Formation expenses20 | €463 | €292 | €121 | - | - | - |
| Fixed assets21/28 | €91k | €75k | €60k | €46k | €4k | ▼ 91.0% |
| Intangible fixed assets21 | €40k | €33k | €26k | €19k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €51k | €43k | €34k | €27k | €4k | ▼ 84.7% |
| Furniture and vehicles24 | €2k | €1k | €940 | €501 | €49 | ▼ 90.2% |
| Other tangible fixed assets26 | €50k | €41k | €33k | €26k | €4k | ▼ 84.6% |
| Current assets29/58 | €62k | €44k | €54k | €48k | €28k | ▼ 42.2% |
| Stocks and contracts in progress3 | €15k | €25k | €21k | €15k | €10k | ▼ 36.4% |
| Stocks30/36 | €15k | €25k | €21k | €15k | €10k | ▼ 36.4% |
| Amounts receivable within one year40/41 | €27k | €4k | €12k | €13k | €8k | ▼ 40.4% |
| Trade receivables40 | €27k | €3k | €12k | €13k | €8k | ▼ 41.0% |
| Other amounts receivable41 | €35 | €340 | €206 | €226 | €222 | ▼ 2.0% |
| Cash at bank and in hand54/58 | €19k | €14k | €19k | €18k | €9k | ▼ 48.5% |
| Deferred charges and accrued income490/1 | €1k | €1k | €2k | €2k | €1k | ▼ 42.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153k | €120k | €114k | €94k | €32k | ▼ 66.0% |
| Equity10/15 | €-77k | €-101k | €-112k | €-138k | €-93k | ▲ 32.7% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Capital10 | €15k | - | - | - | - | - |
| Issued capital100 | €15k | - | - | - | - | - |
| Profit (loss) carried forward14 | €-92k | €-116k | €-127k | €-153k | €-108k | ▲ 29.5% |
| Amounts payable17/49 | €230k | €221k | €226k | €232k | €125k | ▼ 46.1% |
| Amounts payable after more than one year17 | €95k | €120k | €105k | €87k | €39k | ▼ 55.5% |
| Financial debts170/4 | €92k | €117k | €92k | €73k | - | - |
| Other amounts payable178/9 | €3k | €3k | €13k | €13k | €39k | ▲ 188% |
| Amounts payable within one year42/48 | €121k | €101k | €121k | €145k | €86k | ▼ 40.5% |
| Current portion of amounts payable after more than one year42 | €35k | €25k | €29k | €27k | €4k | ▼ 85.4% |
| Trade debts44 | €50k | €55k | €60k | €64k | €40k | ▼ 38.3% |
| Suppliers440/4 | €50k | €55k | €60k | €64k | €40k | ▼ 38.3% |
| Taxes, remuneration and social security45 | €36k | €20k | €32k | €54k | €35k | ▼ 34.6% |
| Taxes450/3 | - | - | €1k | €18k | €14k | ▼ 22.9% |
| Remuneration and social security454/9 | €36k | €20k | €31k | €36k | €21k | ▼ 40.5% |
| Other amounts payable47/48 | €572 | €572 | €572 | €572 | €8k | ▲ 1,241% |
| Accrued charges and deferred income492/3 | €15k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €-24k | €-11k | €-26k | €45k | ▲ 274% |
| + Depreciation and write-downs630 | €16k | €16k | €15k | €15k | €13k | ▼ 14.3% |
| Operating cash flow (approximation) | €6k | €-8k | €4k | €-11k | €58k | ▲ 614% |
| Investment in fixed assets (approximation) | - | €-878 | €-171 | €-121 | €29k | ▲ 24,053% |
| Change in cash | - | €-5k | €5k | €-1k | €-9k | ▼ 759% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €45k
Net result €45k after 5 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zemst · 2 establishment units since 1998
Ground area
565 m²
Building footprint
254 m²
Volume, LiDAR
2,253 m³
3 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
2 establishment units
SANKE
since 19982.069.582.793
SANKE
since 20172.263.322.576
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23034A0390/00W000 | Flanders | 353 m² | 1 · 39 m² | 6.5 m · 2 fl. |
| 11303B0577/00C000 | Flanders | 113 m² | 1 · 113 m² | 13.9 m · 3 fl. |
| 24504D0154/00F000 | Flanders | 99 m² | 1 · 102 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,000 EUR awarded · 1,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 7 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 7 ended approvals
Haarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Haarverzorging duaal (so)
Kapper (so)
Kapper (vwo)
Kapper-stylist duaal (so)
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,739 companies in sector 96210 we hold annual accounts for 2,827. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
Scores and ratios are computed by Checked and are not a credit decision.