S2
ActiveSummary
The computed 12-month bankruptcy probability of S2 is 1.8% (moderate). The 2024 annual accounts show negative equity (-€47,808) and a net result of €27,965. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 6159 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+14
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.8 against 0.67 in 2023; short-term debt: 90.8% and cash: 34.5% of total assets), and equity is negative.
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Signals
Four 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 2024Solvency, return and age of the figures
Solvency
-52.8%
Return on assets
30.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 6159 sector peers (2024).
NBB · sector comparisonPosition among 6159 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
37 d early
2022
41 d early
2021
32 d early
2020
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€47,808▲ 36.9%
2023 · -€75,773
Total assets
€90,522▲ 5.6%
2023 · €85,711
Net result
€27,965▲ 143%
2023 · €11,504
Working capital
-€16,678▲ 34.4%
2023 · -€25,420
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€63,433--€19,466▲ 69.3%-€19,502▼ 0.2%€15,757€32,407▲ 106%
Net result-€65,010--€21,253▲ 67.3%-€21,014▲ 1.1%€11,504€27,965▲ 143%
Equity-€45,010--€66,263▼ 47.2%-€87,277▼ 31.7%-€75,773▲ 13.2%-€47,808▲ 36.9%
Total assets€88,401-€82,043▼ 7.2%€90,255▲ 10.0%€85,711▼ 5.0%€90,522▲ 5.6%
Debt€133,412-€148,306▲ 11.2%€177,532▲ 19.7%€161,484▼ 9.0%€138,330▼ 14.3%
Working capital-€38,012--€37,877▲ 0.4%-€16,512▲ 56.4%-€25,420▼ 53.9%-€16,678▲ 34.4%
Staff (FTE)2-1.8▼ 10.0%1.5▼ 16.7%3▲ 100%3.4▲ 13.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 106% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €90,522
Fixed assets
€25,037 ▼ 27.7%
Current assets
€65,486 ▲ 28.6%
Key figures and ratios
EBITDA
€42,141▲
2023 · €25,582
Cash flow
€37,699▲
2023 · €21,329
Solvency
-52.8%▲
2023 · -88.4%
Current ratio
0.80▲
2023 · 0.67
Quick ratio
0.72▲
2023 · 0.58
Debt to equity
-2.89▼
2023 · -2.13
ROA
30.9%▲
2023 · 13.4%
Interest coverage
8.51▲
2023 · 6.00
Debt ≤ 1 year
€82,163▲
2023 · €76,360
Debt > 1 year
€56,167▼
2023 · €85,124
Staff costs
€128,584▲
2023 · €121,015
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €20,066 | €55,055 | €121,015 | €128,584 | ▲ 6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,277 | €9,960 | €10,039 | €9,825 | €9,734 | ▼ 0.9% |
| Other operating charges640/8 | - | €2,030 | €737 | €1,497 | €1,192 | ▼ 20.4% |
| Gross operating margin9900 | €11,156 | €12,590 | €46,329 | €148,094 | €171,918 | ▲ 16.1% |
| Operating profit (loss)9901 | -€63,433 | -€19,466 | -€19,502 | €15,757 | €32,407 | ▲ 106% |
| Financial income75/76B | - | €5 | €22 | €10 | €510 | ▲ 4,962% |
| Recurring financial income75 | €150 | €5 | €22 | €10 | €510 | ▲ 4,962% |
| Financial charges65/66B | - | €1,791 | €1,534 | €4,263 | €4,952 | ▲ 16.2% |
| Recurring financial charges65 | €1,727 | €1,791 | €1,534 | €4,263 | €4,952 | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | -€65,010 | -€21,253 | -€21,014 | €11,504 | €27,965 | ▲ 143% |
| Profit (loss) for the period9904 | -€65,010 | -€21,253 | -€21,014 | €11,504 | €27,965 | ▲ 143% |
| Profit (loss) for the period to be appropriated9905 | -€65,010 | -€21,253 | -€21,014 | €11,504 | €27,965 | ▲ 143% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,401 | €82,043 | €90,255 | €85,711 | €90,522 | ▲ 5.6% |
| Formation expenses20 | €634 | €463 | €292 | €121 | - | - |
| Fixed assets21/28 | €62,562 | €52,773 | €44,304 | €34,650 | €25,037 | ▼ 27.7% |
| Intangible fixed assets21 | €7,499 | €6,213 | €4,927 | €3,641 | €2,356 | ▼ 35.3% |
| Tangible fixed assets22/27 | €55,064 | €46,560 | €39,377 | €31,009 | €22,681 | ▼ 26.9% |
| Furniture and vehicles24 | - | €1,579 | €2,130 | €1,406 | €723 | ▼ 48.6% |
| Other tangible fixed assets26 | - | €44,981 | €37,247 | €29,603 | €21,959 | ▼ 25.8% |
| Current assets29/58 | €25,205 | €28,808 | €45,659 | €50,940 | €65,486 | ▲ 28.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €16,509 | - |
| Other amounts receivable291 | - | - | - | - | €16,509 | - |
| Stocks and contracts in progress3 | €11,660 | €8,040 | €5,362 | €6,302 | €6,098 | ▼ 3.2% |
| Stocks30/36 | - | €8,040 | €5,362 | €6,302 | €6,098 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €11,874 | €19,487 | €9,249 | €22,986 | €11,009 | ▼ 52.1% |
| Trade receivables40 | - | €18,522 | €2,284 | €11,021 | €11,009 | ▼ 0.1% |
| Other amounts receivable41 | - | €965 | €6,965 | €11,965 | - | - |
| Cash at bank and in hand54/58 | €472 | €1,215 | €30,672 | €19,796 | €31,266 | ▲ 57.9% |
| Deferred charges and accrued income490/1 | - | €66 | €376 | €1,856 | €604 | ▼ 67.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,401 | €82,043 | €90,255 | €85,711 | €90,522 | ▲ 5.6% |
| Equity10/15 | -€45,010 | -€66,263 | -€87,277 | -€75,773 | -€47,808 | ▲ 36.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | - | - | - | - |
| Issued capital100 | - | €20,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€65,010 | -€86,263 | -€107,277 | -€95,773 | -€67,808 | ▲ 29.2% |
| Amounts payable17/49 | €133,412 | €148,306 | €177,532 | €161,484 | €138,330 | ▼ 14.3% |
| Amounts payable after more than one year17 | €68,264 | €79,687 | €113,431 | €85,124 | €56,167 | ▼ 34.0% |
| Financial debts170/4 | - | €79,687 | €113,431 | €85,124 | €56,167 | ▼ 34.0% |
| Amounts payable within one year42/48 | €63,217 | €66,684 | €62,171 | €76,360 | €82,163 | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | - | €20,128 | €20,522 | €27,880 | €31,603 | ▲ 13.4% |
| Trade debts44 | €34,283 | €32,119 | €31,769 | €23,173 | €29,648 | ▲ 27.9% |
| Suppliers440/4 | - | €32,119 | €31,769 | €23,173 | €27,244 | ▲ 17.6% |
| Bills of exchange payable441 | - | - | - | - | €2,404 | - |
| Taxes, remuneration and social security45 | - | €12,431 | €9,880 | €25,307 | €20,912 | ▼ 17.4% |
| Taxes450/3 | - | - | - | €806 | €1,032 | ▲ 28.0% |
| Remuneration and social security454/9 | - | €12,431 | €9,880 | €24,501 | €19,880 | ▼ 18.9% |
| Other amounts payable47/48 | - | €2,006 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €1,935 | €1,931 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€65,010 | -€21,253 | -€21,014 | €11,504 | €27,965 | ▲ 143% |
| + Depreciation and write-downs630 | €11,277 | €9,960 | €10,039 | €9,825 | €9,734 | ▼ 0.9% |
| Operating cash flow (approximation) | -€53,733 | -€11,292 | -€10,976 | €21,329 | €37,699 | ▲ 76.8% |
| Investment in fixed assets (approximation) | - | -€171 | -€1,570 | -€171 | -€121 | ▲ 29.2% |
| Change in cash | - | €742 | €29,457 | -€10,876 | €11,470 | ▲ 205% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €27,965 ▲143%
Operating result €32,407, net result €27,965, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11,504
Net result €11,504 after 3 loss-making years.
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
08-07
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 · 1 establishment unit since 2019
Ground area
6,374 m²
Building footprint
249 m²
Volume, LiDAR
2,557 m³
2 parcels, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Turnhoutsebaan 142, 2970 Schilde
since 20192.295.240.922
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922C0091/00F000 | Flanders | 6,021 m² | 1 · 210 m² | 15.0 m · 4 fl. |
| 23034A0390/00W000 | Flanders | 353 m² | 1 · 39 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,500 EUR awarded · 2,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 5 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 5 ended approvals
Kapper (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 24,863 companies in sector 96220 we hold annual accounts for 1,439. 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
96220Beauty care and other beauty treatments
47750Retail sale of cosmetics and toilet articles
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.