Losses
-€35,090 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
SEZAI
Lifetime
11 annual accounts with figures on one time axispeak €11,966 (2018)
€59▲ €7,677
lowest -€13,430 (2024)
-€8,225▲ €5,205
peak €38,942 (2021)
€3,852▼ 68.1%
€50,464▼ 24.7%
Board1 name since 2021
1 directorGÖNENÇ Sezai
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Gross margin from -€7,618 to €59Loss of €8,225Registered office moved within Aarschot 16-04Equity from €12,076 to €3,852Debts from €67,038 to €50,464
Key points
from the 2025 annual accountsTurnover
≈ €390 estimated
The micro format states no turnover.
Debts
€50,464 93% of the balance sheet
Financial debts 71%Suppliers 1%Taxes and wages 3%Other 25%
Of this, €14,589 falls due within a year.
Liquidity
0.84 was 1.66 in 2024
Short-term debts fell from €18,728 to €14,589.
Filings
11 annual accounts since 2015
Two of the last ten came late. The 2016 accounts came latest: 24 days after the end of the period.
Position in the sector
-€8,225
Lower net result than 83% of companies in personal services. Sector median €2,798 · 5,761 companies.
Checked score
54
Fair
Financially stronger than 31% of micro companies in personal services (NACE 96)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
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 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025lowest value
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 2.9%▲ +2.1 percentage points vs 04-2025
06-2025: 2.8%▼ -0.1 percentage points vs 05-2025
07-2025: 4.4%▲ +1.6 percentage points vs 06-2025
08-2025: 4.1%▼ -0.3 percentage points vs 07-2025
09-2025: 4.1%● unchanged vs 08-2025
10-2025: 4.1%● unchanged vs 09-2025
11-2025: 4.1%● unchanged vs 10-2025
12-2025: 4.2%▲ +0.1 percentage points vs 11-2025
01-2026: 4.2%● unchanged vs 12-2025
02-2026: 4.2%● unchanged vs 01-2026
03-2026: 4.1%▼ -0.1 percentage points vs 02-2026
04-2026: 4.1%● unchanged vs 03-2026
05-2026: 4.1%● unchanged vs 04-2026
06-2026: 4.0%▼ -0.1 percentage points vs 05-2026
07-2026: 4.2%▲ +0.2 percentage points vs 06-2026
08-2026: 5.3%▲ +1.1 percentage points vs 07-2026
09-2026: 6.1%▲ +0.8 percentage points vs 08-2026highest value
10-2026: 1.3%▼ -4.8 percentage points vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
1 change of registered office in 24 months
Loss of €8,225, the second in a row (financial year 2025)
Equity €3,852 (7.1% of total assets)
lowers risk
Size: total assets €54,316
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 34% of them on solvency, 72% on liquidity, 9% on profitability and 10% 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 31-12-2025.
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, 642 companies had the same profile as SEZAI has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEZAI itself: 1.3% 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 642 companies, not a prediction for SEZAI. 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
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.84 (1.66 in 2024), below 1. Short-term debt is 26.9% and cash 22.4% of total assets. 92.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8,225
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
38 days early
2023
30 days early
2022
32 days early
2021
34 days early
2020
36 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 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 27 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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Aarschot
New registered office: Leuvensesteenweg 344- 3200 AARSCHOT · Previous registered office: GASTHUISSTRAAT 4/4, 3200 AARSCHOT · General meeting of 10-02-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0597957092
Registered office moved within Aarschot
New registered office: GASTHUISSTRAAT 4/4 3200 AARSCHOT · Previous registered office: Schaluin 10 bus A, 3200 Aarschot · General meeting of 01-07-2024 · Gazette deed
1 director resigning, 1 reappointment
Resignation: GÖNENÇ Sezai · Reappointment: GÖNENÇ Sezai (director) · Permanent representative: GÖNENÇ Sezai · General meeting of 23-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEZAI Aarschot | €54,316 | €59 | 7.1% | - |
| M.M. LIEJO Bekkevoort | €45,359 | -€3,461 | 68.4% | - |
| ADASTRA BELGIUM Ghent | €51,283 | -€2,630 | -92.3% | - |
| SIENNA MILESSI Ganshoren | €62,964 | -€5,927 | -93.8% | - |
| Alexandre Duchenne Auderghem | €50,284 | -€9,100 | 78.0% | - |
| Style Time Leuven | €53,096 | -€8,186 | 22.9% | - |
| SABALI Tremelo | €39,944 | -€7,332 | 44.0% | - |
These companies have the same main activity as SEZAI: hairdressing and barber services (NACE 96210). They are comparable in size and age: total assets between €39,900 and €63,000, founded between 2012 and 2018.
Official details
Source: KBO- Status
- Active since 13-02-2015Normal situation
- Activity
- Hairdressing and barber servicesNACE 96210and 2 others
- Establishment unit
- 2.242.001.4813200 Aarschot, since 13-02-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2024
Annual accounts 2025
- €54,316▼ 31.3%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on SEZAI
SEZAI files the micro format. That format states no turnover. The gross margin rose from -€444 in 2015 to €59 in 2025.
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 SEZAI
- What is the company number of SEZAI?
- The company number of SEZAI is 0597.957.092. The VAT number is the same number with BE in front: BE 0597.957.092.
- Where is SEZAI based?
- The registered office is at Leuvensesteenweg 344, 3200 Aarschot.Company details
- What does SEZAI do?
- According to the KBO register, the main activity is hairdressing and barber services (NACE 96210).
- What is the legal form of SEZAI?
- SEZAI is a private limited company (BV).
- When was SEZAI founded?
- SEZAI was founded on 13-02-2015.
- Is SEZAI still active?
- Yes, SEZAI is an active enterprise in the KBO register.
- What is the turnover of SEZAI?
- The turnover in financial year 2025 is ≈ €390. This figure is estimated from the gross margin of €59 and 94 comparable companies (NACE 96210). It probably lies between €230 and €750. It is a rough estimate.Financials
- Is SEZAI profitable?
- In financial year 2025, SEZAI made a loss of €8,225.
- Where can I find the annual accounts of SEZAI?
- SEZAI filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEZAI due?
- SEZAI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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