Equity
-€82,645
Debts exceed assets in financial year 2026.
ShaCo
Lifetime
11 annual accounts with figures on one time axispeak €476,167 (2024)
€34,269▼ 13.1%
lowest -€51,697 (2026)
-€51,697▼ €2,463
peak €100,964 (2023)
-€82,645▼ €51,697
€219,774▲ 14.5%
peak 4.2 FTE (2022)
1.8 FTE▲ 20.0%
Board6 names since 2019
2 directorsSophie BERGEYS and 1 other
Owners
consolidatesHAIR CLUB
Documentsfilings and deeds
30-10-20261 day before the deadline
2026abbreviated format
Gross margin from €39,415 to €34,269Loss of €51,697Staff from 1.5 FTE to 1.8 FTEResignation: Emilie VAN RAEMDONCK (director) 06-05Equity from -€30,948 to -€82,645Cash from €4,530 to €1,756
Key points
from the 2026 annual accountsLosses
-€100,931 in two years
The 2025 and 2026 financial years closed with a loss. 2026 was the heaviest.
Debts
€219,774 160% of the balance sheet
Financial debts 35%Suppliers 1%Taxes and wages 4%Other 61%
Of this, €141,650 falls due within a year.
Staff
2 employees on 31-03-2026
In 2026, 4 people joined and 4 left.
At the same address
40 companies
Position in the sector
-60.3%
Lower solvency than 95% of companies in office administrative support. Sector median 49.2% · 146 companies.
Checked score
48
Fair
Financially stronger than 4% of micro companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.7%▼ -0.1 percentage points vs 08-2025lowest value
10-2025: 0.8%▲ +0.1 percentage points vs 09-2025
11-2025: 2.4%▲ +1.6 percentage points vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.5%▲ +0.1 percentage points vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.5%● unchanged vs 03-2026
05-2026: 2.5%● unchanged vs 04-2026
06-2026: 2.5%● unchanged vs 05-2026
07-2026: 2.5%● unchanged vs 06-2026
08-2026: 2.4%▼ -0.1 percentage points vs 07-2026
09-2026: 2.3%▼ -0.1 percentage points vs 08-2026
10-2026: 2.5%▲ +0.2 percentage points vs 09-2026
11-2026: 2.9%▲ +0.4 percentage points vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€82,645
Loss of €51,697, the second in a row (financial year 2026)
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Size: 1.8 FTE, total assets €137,130
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 82, micro). It does better than 5% of them on solvency, 3% on liquidity, 5% on profitability and 3% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 6,907 companies had the same profile as ShaCo has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ShaCo itself: 2.9% 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 6,907 companies, not a prediction for ShaCo. 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 0.08 (0.13 in 2025), below 1. Short-term debt is 103.3% and cash 1.3% 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 · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€82,645
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-10-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
1 day early
2025
18 days early
2024
31 days early
2023
32 days early
2022
32 days early
2021
34 days early
2020
31 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 26 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 September (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
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- Hair Club BV consolidatesannual accounts 31-03-2026
- HAIR CLUB 50%equity €6.2m (2025) · 2025 annual accounts of HAIR CLUB
Recent changes
Resignation: Emilie VAN RAEMDONCK (director)
Director discharge: Emilie VAN RAEMDONCK · General meeting of 01-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0550831524
Resignation: Tactive BV (director)
General meeting of 04-06-2025 · Gazette deed
Appointment: Emilie VAN RAEMDONCK (director)
General meeting of 10-04-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ShaCo Antwerp | €137,130 | €34,269 | -60.3% | 1.8 |
| Zest Real Estate Development Nivelles | €135,287 | €26,251 | -28.0% | 0.9 |
| NEW WHAT'S UP DOC Chaudfontaine | €205,414 | €56,447 | 24.3% | 2.3 |
| ESG SERVICES Lasne | €137,546 | €53,345 | -11.0% | 1.2 |
| BELLEFLEUR Leuven | €86,530 | €50,319 | 34.7% | 0.9 |
| ESVELT INVESTMENTS Hoogstraten | €285,474 | €57,822 | 10.6% | 1 |
| DUCA 3 Tournai | €320,640 | €59,405 | 9.8% | 2 |
These companies have the same main activity as ShaCo: other business support services (NACE 82990). They are comparable in size and age: total assets between €86,500 and €321,000, founded between 2006 and 2015.
Official details
Source: KBO- Status
- Active since 22-04-2014Normal situation
- Registered office
- 41 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Other business support servicesNACE 82990and 1 other
- Joint committee
- 314Hairdressing and beauty care · annual accounts 31-03-2026
- Establishment unit
- 2.275.834.8832880 Bornem, since 30-03-2018
- Financial year end
- 31 March
- Peppol
- Reachable since 22-09-2025
Annual accounts to 31-03-2026
- ≈ €89,000estimated
- €137,130▼ 14.8%
- Employeeson 31-03-2026
- 2=
- Filing
- Filed on 30-10-2026, 1 day before the end of the filing period
Insights on ShaCo
ShaCo files the abbreviated format. That format states no turnover. The gross margin rose from €29,194 in 2016 to €34,269 in 2026.
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 ShaCo
- What is the company number of ShaCo?
- The company number of ShaCo is 0550.831.524. The VAT number is the same number with BE in front: BE 0550.831.524.
- Where is ShaCo based?
- The registered office is at Sint-Jacobsmarkt 97, 2000 Antwerp.Company details
- What does ShaCo do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of ShaCo?
- ShaCo is a private limited company (BV).
- When was ShaCo founded?
- ShaCo was founded on 22-04-2014.
- Is ShaCo still active?
- Yes, ShaCo is an active enterprise in the KBO register.
- How many employees does ShaCo have?
- ShaCo had an average of 1.8 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does ShaCo fall under?
- In its 31-03-2026 annual accounts, ShaCo states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of ShaCo?
- The turnover in financial year 2026 is ≈ €89,000. This figure is estimated from the gross margin of €34,269 and 41 comparable companies (NACE 82990). It probably lies between €55,000 and €120,000.
- Is ShaCo profitable?
- In financial year 2026, ShaCo made a loss of €51,697.
- Where can I find the annual accounts of ShaCo?
- ShaCo filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of ShaCo due?
- ShaCo must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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