Equity
-€93,149
Debts exceed assets in financial year 2025.
S1
Lifetime
6 annual accounts with figures on one time axispeak €208,022 (2025)
€208,022▲ 44.0%
lowest -€82,782 (2020)
€45,174▲ €71,072
peak -€67,782 (2020)
-€93,149▲ €45,174
€125,003▼ 46.1%
peak 5.6 FTE (2020)
-not published
Board3 names since 2019
3 directorsDACA INVEST and 2 others
Owners2 names in the annual accounts
via 100%ESB-GROUP and 1 other
Documentsfilings and deeds
09-07-202622 days before the deadline
2025micro format
Gross margin from €144,425 to €208,022Back to profit: €45,174Equity from -€138,323 to -€93,149Debts from €232,005 to €125,003Cash from €17,809 to €9,173
Key points
from the 2025 annual accountsResult
€45,174 €45,174
Back in profit in 2025, after a loss of €25,898 in 2024.
Debts
€125,003 392% of the balance sheet
Suppliers 32%Taxes and wages 28%Other 40%
Of this, €86,465 falls due within a year.
Staff
3 FTE from 5.6 in 2020
Between 2020 and 2025, 46% of the full-time equivalents disappeared.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 2 to 41 days before the end of the period.
Position in the sector
-€93,149
Less equity than 95% of companies in personal services. Sector median €15,270 · 5,754 companies.
Checked score
56
Fair
Financially stronger than 52% of micro companies in personal services (NACE 96)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,628 companies (NACE 96, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.3%▼ -0.1 percentage points vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.4%▲ +0.1 percentage points vs 06-2025
08-2025: 1.7%▲ +0.3 percentage points vs 07-2025
09-2025: 1.8%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 1.8%● unchanged vs 09-2025highest value
11-2025: 1.8%● unchanged vs 10-2025highest value
12-2025: 1.7%▼ -0.1 percentage points vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● 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: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.1%▼ -0.5 percentage points vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026lowest value
11-2026: 1.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€93,149
Founded in 2019
lowers risk
Size: total assets €31,854
Liquidity: current ratio 0.32, cash €9,173
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 11% of them on solvency, 28% on liquidity, 93% on profitability and 75% on growth.
The bankruptcy probability was computed on 06-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,180 companies had the same profile as S1 has now. Each dot stands for 6 companies, two years later.
88.7%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of S1 itself: 1.1% 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 2,180 companies, not a prediction for S1. 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 0.32 (0.33 in 2024), below 1. Short-term debt is 271.4% and cash 28.8% 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 riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 5741 sector peers (2025).
NBB · sector comparisonPosition among 5741 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 days early
2024
31 days early
2023
2 days early
2022
41 days early
2021
32 days early
2020
12 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 23 days before 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 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
DI
DACA INVEST
Director, since 01-09-2019
S
SMTP
Director, since 01-09-2019
- SEB Holding 100%equity €81,107 (2025) · 2025 annual accounts of SEB Holding
- ESB-GROUPequity €1.7m (2025) · 2025 annual accounts of ESB-GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0734716305
Registered office moved to Hofstade
New registered office: Zemstsesteenweg 1 te 1981 Hofstade · Permanent representatives: Daniel Schroeven and Guy Smits · General meeting of 15-06-2021 · Gazette deed
Incorporation
published on 24-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| S1 Zemst | €31,854 | €208,022 | -292.4% | - |
| KBS Vilvoorde | €26,293 | €145,615 | 2.4% | - |
| MALIK COIFFURE Blegny | €24,235 | €258,973 | -70.1% | - |
| A.A.L&K La Louvière | €29,048 | €286,544 | -242.9% | - |
| GABY STYLE Tubize | €36,586 | €145,157 | -156.5% | - |
| KREBERCHEM Antwerp | €39,801 | €125,752 | 32.6% | 2.5 |
| FACITE Ypres | €35,315 | €112,146 | -29.7% | - |
These companies have the same main activity as S1: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €24,200 and €39,800, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 20-09-2019Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Hairdressing and barber servicesNACE 96210
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2025
- Establishment units
- 2.069.582.7932600 Antwerp, since 07-05-1998
- 2.263.322.5763000 Leuven, since 01-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €370,000estimated
- €31,854▼ 66.0%
- Employeeson 31-12-2025
- 1▼ 80.0%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on S1
S1 files the micro format. That format states no turnover. The gross margin rose from €87,706 in 2020 to €208,022 in 2025.
SEB Holding holds all the shares.
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 S1
- What is the company number of S1?
- The company number of S1 is 0734.716.305. The VAT number is the same number with BE in front: BE 0734.716.305.
- Where is S1 based?
- The registered office is at Zemstsesteenweg 1, 1981 Zemst.Company details
- What does S1 do?
- According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
- What is the legal form of S1?
- S1 is a private limited company (BV).
- When was S1 founded?
- S1 was founded on 20-09-2019.
- Is S1 still active?
- Yes, S1 is an active enterprise in the KBO register.
- How many employees does S1 have?
- S1 had an average of 3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does S1 fall under?
- In its 2025 annual accounts, S1 states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of S1?
- The turnover in financial year 2025 is ≈ €370,000. This figure is estimated from the gross margin of €208,022 and 38 comparable companies (NACE 96). It probably lies between €270,000 and €430,000.
- Is S1 profitable?
- In financial year 2025, S1 made a profit of €45,174.
- Where can I find the annual accounts of S1?
- S1 filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of S1 due?
- S1 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies See the other companies in the same group.ESB-GROUP · 11 companies
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