Debts
€23,168 74% of the balance sheet
Suppliers 12%Taxes and wages 88%
SEZAAR
Lifetime
2 annual accounts with figures on one time axispeak €84,934 (2023)
€63,269▼ 25.5%
peak €8,317 (2024)
€8,317▲ 801%
peak €8,317 (2024)
€8,317▲ 801%
€23,168▲ 126%
Board2 names since 2022
1 directorAL SBEIHI Muhannad
Documentsfilings and deeds
11-06-2026315 days late
2024micro format
Turnover from €84,934 to €63,269Gross margin from €17,824 to €29,405Result from €923 to €8,317Equity from €923 to €8,317Debts from €10,239 to €23,1681 establishment registered
Key points
from the 2024 annual accountsPayment terms
31 days to suppliers
SEZAAR pays its suppliers 31 days later than in 2023. Customers pay 6 days later.
Board
1 joined
New director. Latest change 01-10-2026 · 2 in office.
2025 accounts not filed, 102 days past the deadline
Checked score
39
Weak
Financially stronger than 66% of micro companies in personal services (NACE 96)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,626 companies (NACE 96, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%
01-2025: 2.6%● unchanged vs 12-2024
02-2025: 2.7%▲ +0.1 percentage points vs 01-2025
03-2025: 2.7%● unchanged vs 02-2025
04-2025: 1.9%▼ -0.8 percentage points vs 03-2025
05-2025: 1.8%▼ -0.1 percentage points vs 04-2025lowest value
06-2025: 1.9%▲ +0.1 percentage points vs 05-2025
07-2025: 2.0%▲ +0.1 percentage points vs 06-2025
08-2025: 2.5%▲ +0.5 percentage points vs 07-2025
09-2025: 2.7%▲ +0.2 percentage points vs 08-2025
10-2025: 4.1%▲ +1.4 percentage points vs 09-2025
11-2025: 4.2%▲ +0.1 percentage points vs 10-2025
12-2025: 5.3%▲ +1.1 percentage points vs 11-2025
01-2026: 7.4%▲ +2.1 percentage points vs 12-2025
02-2026: 7.4%● unchanged vs 01-2026
03-2026: 7.4%● unchanged vs 02-2026
04-2026: 6.8%▼ -0.6 percentage points vs 03-2026
05-2026: 6.3%▼ -0.5 percentage points vs 04-2026
06-2026: 6.2%▼ -0.1 percentage points vs 05-2026
07-2026: 6.7%▲ +0.5 percentage points vs 06-2026
08-2026: 8.1%▲ +1.4 percentage points vs 07-2026highest value
09-2026: 8.0%▼ -0.1 percentage points vs 08-2026
10-2026: 5.4%▼ -2.6 percentage points vs 09-2026
11-2026: 5.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 315 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 11-06-2026)
Founded in 2022
Size: turnover €63,269, total assets €31,484
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 49% of them on solvency, 65% on liquidity, 93% on profitability and 55% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 7,976 companies had the same profile as SEZAAR has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SEZAAR itself is higher: 5.4% within 12 months. It rests on far more data about SEZAAR than the profile alone.
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 7,976 companies, not a prediction for SEZAAR. 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 publishable credit limit, so credit only on tighter terms
Liquidity is tight, with a current ratio of 1.36 (1.09 in 2023), below the usual 1.5. Short-term debt is 73.6% and cash 73.3% of total assets. 73.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 2 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 315 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2026, 315 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
315 days late
2023
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 185 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 (1)
Recent changes
Registered office moved from Ostend to Mechelen
Transfer of shares from Al Sbeihi Muhannad to DI CESARE Virginia · New registered office: Persoonshoek 13, 2800 Mechelen · Previous registered office: Nieuwpoortsesteenweg 22, 8400 Oostende · General meeting of 01-10-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0790399550
First establishment
Sezaar Barbershop, Ezelstraat 59, Bruges
Registered office moved within Ostend
New registered office: Nieuwpoortsesteenweg 22 tot 8400 Oostende · Previous registered office: Torhoutsesteenweg 261 à 8400 Oostende · General meeting of 15-02-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEZAAR Mechelen | €31,484 | €29,405 | 26.4% | - |
| BARBERSTREET Morlanwelz | €27,263 | €22,032 | -2.8% | - |
| KEVINS KAPSALON Ypres | €27,615 | €21,643 | 56.4% | - |
| NONA Antwerp | €42,262 | €22,551 | 76.3% | - |
| KHULEF BROTHERS Westerlo | €32,533 | €17,628 | 32.0% | - |
| LOAY Antwerp | €20,232 | €32,171 | -43.7% | - |
| Le Salon by Maries Laakdal | €38,917 | €16,064 | 64.7% | - |
These companies have the same main activity as SEZAAR: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €20,200 and €42,300, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 02-09-2022Normal situation
- Activity
- Hairdressing and barber servicesNACE 96210and 1 other
- Establishment unit
- 2.362.346.2158000 Bruges, since 15-08-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 25-06-2026
Insights on SEZAAR
Solvency rose in 2024 from 8.3% to 26.4% because of the retained profit.
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 SEZAAR
- What is the company number of SEZAAR?
- The company number of SEZAAR is 0790.399.550. The VAT number is the same number with BE in front: BE 0790.399.550.
- Where is SEZAAR based?
- The registered office is at Persoonshoek 13, 2800 Mechelen.Company details
- What does SEZAAR do?
- According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
- What is the legal form of SEZAAR?
- SEZAAR is a private limited company (BV).
- When was SEZAAR founded?
- SEZAAR was founded on 02-09-2022.
- Is SEZAAR still active?
- Yes, SEZAAR is an active enterprise in the KBO register.
- What is the turnover of SEZAAR?
- The turnover of SEZAAR was €63,269 in financial year 2024, according to the filed annual accounts.Financials
- Is SEZAAR profitable?
- In financial year 2024, SEZAAR made a profit of €8,317.
- Where can I find the annual accounts of SEZAAR?
- SEZAAR filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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