SEPHORA

Active

Public limited companyfounded 200322 yrs activeVergotesquare 34, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0861.753.938

Summary

The computed 12-month bankruptcy probability of SEPHORA is 1.5% (moderate). The 2024 annual accounts show equity of €1.1m and a net result of -€35,393. Equity remains stable across the filed fiscal years (±0.7% per year). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysis Watch Report Compare

SEPHORAActiveChecked score 46/100

Risk analysis Report Compare

Checked score

Score 2024

46 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability22▼-15

Solvency66▼-1

Growth78=

Track record100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €50,000 at 30 days acceptable

Liquidity tight (current ratio 1.19 against 1.34 in 2023; short-term debt: 26.8% and cash: 0% of total assets), and 59.3% of the assets are financed with debt.

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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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 2024

Solvency, return and age of the figures

Solvency

40.7%

Return on assets

-1.3%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

89 d late

2023

120 d late

2022

122 d late

2021

127 d late

2020

89 d late

2019

108 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 109 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 20 November 2003, SEPHORA was incorporated.¹ Total assets went from EUR 2.4 million in 2018 to EUR 2.7 million in 2024.²

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity

€1.1m▼ 3.1%

2023 · €1.1m

Total assets

€2.7m▲ 0.7%

2023 · €2.7m

Net result

-€35,393

2023 · €8,160

Working capital

€142,215▼ 32.6%

2023 · €210,909

Trend over the years

Chart Table

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€46,685▲ 340%€76,012▲ 62.8%€72,337▼ 4.8%€35,314▼ 51.2%-€20,610

Net result-€5,254▲ 85.8%€39,451€30,534▼ 22.6%€8,160▼ 73.3%-€35,393

Equity€1.1m▼ 0.5%€1.1m▲ 3.7%€1.1m▲ 2.7%€1.1m▲ 0.7%€1.1m▼ 3.1%

Total assets€2.3m▼ 0.6%€2.5m▲ 8.7%€2.7m▲ 4.6%€2.7m▲ 2.1%€2.7m▲ 0.7%

Debt€1.3m▼ 0.7%€1.4m▲ 12.9%€1.5m▲ 6.0%€1.6m▲ 3.2%€1.6m▲ 3.4%

Working capital€214,091▲ 11.2%€305,842▲ 42.9%€269,282▼ 12.0%€210,909▼ 21.7%€142,215▼ 32.6%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €20,610 after €35,314 in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.7m

68.0%

32.0%

Fixed assets €1.9m ▼ 1.7%

Current assets €876,622 ▲ 6.0%

Equity and liabilities €2.7m

40.7%

59.3%

Equity €1.1m ▼ 3.1%

Debt €1.6m ▲ 3.4%

Debt's share of the balance-sheet total rises from 57.7% to 59.3%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€14,941▼

2023 · €68,697

Cash flow

€158▼

2023 · €41,543

Current ratio

1.19▼

2023 · 1.34

Debt to equity

1.46▲

2023 · 1.37

ROE

-3.2%▼

2023 · 0.7%

ROA

-1.3%▼

2023 · 0.3%

Interest coverage

0.55▼

2023 · 2.18

Debt ≤ 1 year

€734,408▲

2023 · €615,991

Debt > 1 year

€887,341▼

2023 · €954,577

Income taxes

€703▼

2023 · €6,895

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

Small
20 years or older
solvency 30% or more
a small loss

0.4% went bankrupt

5.2% stopped otherwise

94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.6%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 8,594 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines

Balance sheet Code20232024

Assets

Total assets20/58€2.7m€2.7m▲

Fixed assets21/28€1.9m€1.9m▼

Tangible fixed assets22/27€1.9m€1.9m▼

Land and buildings22€1.8m€1.8m▼

Plant, machinery and equipment23€83,524€80,505▼

Financial fixed assets28€250€250=

Current assets29/58€826,900€876,622▲

Amounts receivable after more than one year29€205,022€210,304▲

Other amounts receivable291€205,022€210,304▲

Amounts receivable within one year40/41€432,236€461,332▲

Trade receivables40€1,749€3,846▲

Other amounts receivable41€430,487€457,486▲

Cash at bank and in hand54/58€1,211€1,023▼

Deferred charges and accrued income490/1€188,432€203,964▲

Equity and liabilities

Total equity and liabilities10/49€2.7m€2.7m▲

Equity10/15€1.1m€1.1m▼

Contributions10/11€62,320€62,320=

Capital10€62,320€62,320=

Issued capital100€62,320€62,320=

Revaluation surpluses12€1.3m€1.3m=

Profit (loss) carried forward14-€193,921-€229,314▼

Amounts payable17/49€1.6m€1.6m▲

Amounts payable after more than one year17€954,577€887,341▼

Financial debts170/4€954,577€887,341▼

Amounts payable within one year42/48€615,991€734,408▲

Current portion of amounts payable after more than one year42€65,575€72,736▲

Trade debts44€276,130€400,674▲

Suppliers440/4€276,130€400,674▲

Taxes, remuneration and social security45€6,895€703▼

Taxes450/3€6,895€703▼

Other amounts payable47/48€267,391€260,294▼

Accrued charges and deferred income492/3€12€2,025▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33,383€35,551▲

Other operating charges640/8€99,928€111,251▲

Gross operating margin9900€168,625€126,192▼

Operating profit (loss)9901€35,314-€20,610▼

Financial income75/76B€11,225€13,081▲

Recurring financial income75€11,225€13,081▲

Financial charges65/66B€31,483€27,162▼

Recurring financial charges65€31,483€27,162▼

Profit (loss) for the period before taxes9903€15,055-€34,690▼

Income taxes67/77€6,895€703▼

Profit (loss) for the period9904€8,160-€35,393▼

Profit (loss) for the period to be appropriated9905€8,160-€35,393▼

Appropriation of the result

Profit (loss) to be appropriated9906-€193,921-€229,314▼

Profit (loss) brought forward from the previous period14P-€202,082-€193,921▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2020	2021	2022	2023	2024	Change
Non-recurring operating income76A	-	€250,000	€15,898	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€32,730	€31,418	€32,803	€33,383	€35,551	▲ 6.5%
Other operating charges640/8	-	€132,430	€43,279	€99,928	€111,251	▲ 11.3%
Gross operating margin9900	€102,152	€239,861	€148,419	€168,625	€126,192	▼ 25.2%
Operating profit (loss)9901	€46,685	€76,012	€72,337	€35,314	-€20,610	▼ 158%
Financial income75/76B	-	€2,269	€5,324	€11,225	€13,081	▲ 16.5%
Recurring financial income75	€817	€2,269	€5,324	€11,225	€13,081	▲ 16.5%
Financial charges65/66B	-	€31,633	€32,393	€31,483	€27,162	▼ 13.7%
Recurring financial charges65	€37,578	€31,633	€32,393	€31,483	€27,162	▼ 13.7%
Profit (loss) for the period before taxes9903	€9,924	€46,648	€45,268	€15,055	-€34,690	▼ 330%
Income taxes67/77	€15,178	€7,197	€14,735	€6,895	€703	▼ 89.8%
Profit (loss) for the period9904	-€5,254	€39,451	€30,534	€8,160	-€35,393	▼ 534%
Profit (loss) for the period to be appropriated9905	-€5,254	€39,451	€30,534	€8,160	-€35,393	▼ 534%

Line	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€2.3m	€2.5m	€2.7m	€2.7m	€2.7m	▲ 0.7%
Fixed assets21/28	€1.9m	€1.9m	€1.9m	€1.9m	€1.9m	▼ 1.7%
Tangible fixed assets22/27	€1.9m	€1.9m	€1.9m	€1.9m	€1.9m	▼ 1.7%
Land and buildings22	-	€1.9m	€1.8m	€1.8m	€1.8m	▼ 1.6%
Plant, machinery and equipment23	-	€15,760	€48,243	€83,524	€80,505	▼ 3.6%
Financial fixed assets28	€250	€250	€250	€250	€250	=
Current assets29/58	€398,064	€663,191	€777,069	€826,900	€876,622	▲ 6.0%
Amounts receivable after more than one year29	-	€90,291	€202,306	€205,022	€210,304	▲ 2.6%
Other amounts receivable291	-	€90,291	€202,306	€205,022	€210,304	▲ 2.6%
Amounts receivable within one year40/41	€365,300	€364,367	€377,186	€432,236	€461,332	▲ 6.7%
Trade receivables40	-	€25,941	-	€1,749	€3,846	▲ 120%
Other amounts receivable41	-	€338,426	€377,186	€430,487	€457,486	▲ 6.3%
Cash at bank and in hand54/58	€120	€14,996	€150	€1,211	€1,023	▼ 15.5%
Deferred charges and accrued income490/1	-	€193,538	€197,428	€188,432	€203,964	▲ 8.2%
Equity and liabilities
Total equity and liabilities10/49	€2.3m	€2.5m	€2.7m	€2.7m	€2.7m	▲ 0.7%
Equity10/15	€1.1m	€1.1m	€1.1m	€1.1m	€1.1m	▼ 3.1%
Contributions10/11	€62,320	€62,320	€62,320	€62,320	€62,320	=
Capital10	-	€62,320	€62,320	€62,320	€62,320	=
Issued capital100	-	€62,320	€62,320	€62,320	€62,320	=
Revaluation surpluses12	-	€1.3m	€1.3m	€1.3m	€1.3m	=
Profit (loss) carried forward14	-€272,066	-€232,615	-€202,082	-€193,921	-€229,314	▼ 18.3%
Amounts payable17/49	€1.3m	€1.4m	€1.5m	€1.6m	€1.6m	▲ 3.4%
Amounts payable after more than one year17	€1.1m	€1.1m	€1.0m	€954,577	€887,341	▼ 7.0%
Financial debts170/4	-	€1.1m	€1.0m	€954,577	€887,341	▼ 7.0%
Amounts payable within one year42/48	€183,973	€357,349	€507,788	€615,991	€734,408	▲ 19.2%
Current portion of amounts payable after more than one year42	-	€46,648	€63,598	€65,575	€72,736	▲ 10.9%
Trade debts44	€69,429	€172,403	€196,640	€276,130	€400,674	▲ 45.1%
Suppliers440/4	-	€172,403	€196,640	€276,130	€400,674	▲ 45.1%
Taxes, remuneration and social security45	-	€7,197	€14,735	€6,895	€703	▼ 89.8%
Taxes450/3	-	€7,197	€14,735	€6,895	€703	▼ 89.8%
Other amounts payable47/48	-	€131,100	€232,815	€267,391	€260,294	▼ 2.7%
Accrued charges and deferred income492/3	-	-	-	€12	€2,025	▲ 17,315%

Line	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	-€5,254	€39,451	€30,534	€8,160	-€35,393	▼ 534%
+ Depreciation and write-downs630	€32,730	€31,418	€32,803	€33,383	€35,551	▲ 6.5%
Operating cash flow (approximation)	€27,476	€70,869	€63,337	€41,543	€158	▼ 99.6%
Investment in fixed assets (approximation)	-	€30,192	-€36,300	-€39,751	-€3,630	▲ 90.9%
Change in cash	-	€14,876	-€14,846	€1,061	-€188	▼ 118%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 1Filings 10

2025

28-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 89 days late

2024

28-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 120 days late

2023

30-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 122 days late

2022

05-12

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 127 days late

2021

31-12

Financial Back to profitnet €39,451

Net result €39,451 after 3 loss-making years.

28-10

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 89 days late

2020

16-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 108 days late

2019

10-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 71 days late

2018

26-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 57 days late

2017

27-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 58 days late

2016

05-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 66 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 6 acts read

About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

6 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, Schaarbeek · 1 establishment unit since 2003

seat establishment The establishment unit on the map

Ground area

848 m²

Building footprint

211 m²

Volume, LiDAR

3,397 m³

Parcel 21911C0140/00D007, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.

8 companies at this address See who is registered here

1 establishment unit

SEPHORA

Vergotesquare 34, 1030 SchaarbeekNACE 70201

since 20032.284.495.005

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21911C0140/00D007	Brussels	848 m²	1 · 211 m²	20.8 m · 6 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Identification & contact

Identification

Legal formPublic limited company

Founded20-11-2003

Fiscal year end31-12

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Scores and ratios are computed by Checked and are not a credit decision.