SHINE DESIGN
ActiveSummary
SHINE DESIGN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€42,975) and a net result of €8,706. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.87; short-term debt: 106% and cash: 72.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-264.6%
Return on assets
53.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 4735 sector peers (2025).
NBB · sector comparisonPosition among 4735 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 filingsDeviation from the deadline
2025
52 d late
2024
21 d early
2023
31 d late
2022
59 d late
2021
16 d late
2020
31 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€81,210▼ 47.5%
2022 · €154,755
EBIT margin
6.3%▲ 20.8pp
2022 · -14.5%
Net result
€8,706▼ 48.5%
2024 · €16,892
Working capital
-€2,227▲ 79.8%
2024 · -€11,045
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€150,358▲ 30.6%€154,755▲ 2.9%€81,210▼ 47.5%
Operating result€4,487-€22,370€5,117€17,398▲ 240%€11,640▼ 33.1%
Net result€4,019within the sector's middle half-€22,420below the sector's middle half€4,585within the sector's middle half€16,892above the sector's middle half▲ 268%€8,706within the sector's middle half▼ 48.5%
EBIT margin3.0%▲ 14.9pp-14.5%▼ 17.4pp6.3%▲ 20.8pp
Equity-€50,738below the sector's middle half▲ 7.3%-€73,158below the sector's middle half▼ 44.2%-€68,573below the sector's middle half▲ 6.3%-€51,681below the sector's middle half▲ 24.6%-€42,975below the sector's middle half▲ 16.8%
Total assets€5,908below the sector's middle half▼ 42.0%€10,376below the sector's middle half▲ 75.6%€5,737below the sector's middle half▼ 44.7%€4,653below the sector's middle half▼ 18.9%€16,241below the sector's middle half▲ 249%
Debt€56,646▼ 12.8%€83,534▲ 47.5%€74,309▼ 11.0%€56,334▼ 24.2%€59,216▲ 5.1%
Working capital-€10,020within the sector's middle half▲ 0.1%-€31,799below the sector's middle half▼ 217%-€28,385below the sector's middle half▲ 10.7%-€11,045within the sector's middle half▲ 61.1%-€2,227within the sector's middle half▲ 79.8%
Solvency-858.8%below the sector's middle half▼ 321.1pp-705.1%below the sector's middle half▲ 153.7pp-264.6%below the sector's middle half
Current ratio0.32below the sector's middle half▼ 0.120.23below the sector's middle half▼ 0.080.12below the sector's middle half▼ 0.110.87within the sector's middle half
Return on assets (ROA)68.0%above the sector's middle half▲ 207.1pp-216.1%below the sector's middle half▼ 284.1pp79.9%above the sector's middle half▲ 296.0pp53.6%above the sector's middle half
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16,241
Fixed assets
€1,252 ▼ 8.2%
Current assets
€14,989 ▲ 356%
Key figures and ratios
EBITDA
€11,752▼
2024 · €17,847
Cash flow
€8,818▼
2024 · €17,341
Quick ratio
0.75
Debt to equity
-1.38
Interest coverage
25.79▼
2024 · 35.29
Debt ≤ 1 year
€17,216▲
2024 · €14,334
Debt > 1 year
€42,000=
2024 · €42,000
Income taxes
€2,479
Staff costs
-€162▲
2024 · -€421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 3,795 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €150,358 | €154,755 | €81,210 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €102,715 | €115,089 | €75,355 | - | - | - |
| Remuneration, social security and pensions62 | €35,692 | €59,573 | €948 | -€421 | -€162 | ▲ 61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,167 | €641 | €1,072 | €449 | €112 | ▼ 75.0% |
| Other operating charges640/8 | €6,297 | €1,822 | €6,929 | €1,017 | €5,387 | ▲ 430% |
| Non-recurring operating charges66A | - | - | - | €2,000 | - | - |
| Gross operating margin9900 | €47,643 | €39,666 | €14,066 | €20,442 | €16,977 | ▼ 17.0% |
| Operating profit (loss)9901 | €4,487 | -€22,370 | €5,117 | €17,398 | €11,640 | ▼ 33.1% |
| Financial income75/76B | €0 | €546 | €0 | - | - | - |
| Recurring financial income75 | €0 | €546 | €0 | - | - | - |
| Financial charges65/66B | €469 | €595 | €499 | €506 | €456 | ▼ 9.9% |
| Recurring financial charges65 | €469 | €595 | €499 | €506 | €456 | ▼ 9.9% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €4,019 | -€22,420 | €4,617 | €16,892 | €11,184 | ▼ 33.8% |
| Income taxes67/77 | - | - | €32 | - | €2,479 | - |
| Profit (loss) for the period9904 | €4,019 | -€22,420 | €4,585 | €16,892 | €8,706 | ▼ 48.5% |
| Profit (loss) for the period to be appropriated9905 | €4,019 | -€22,420 | €4,585 | €16,892 | €8,706 | ▼ 48.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5,908 | €10,376 | €5,737 | €4,653 | €16,241 | ▲ 249% |
| Fixed assets21/28 | €1,282 | €641 | €1,813 | €1,364 | €1,252 | ▼ 8.2% |
| Tangible fixed assets22/27 | €1,282 | €641 | €1,813 | €1,364 | €1,252 | ▼ 8.2% |
| Plant, machinery and equipment23 | €1,282 | €641 | €1,813 | €1,364 | €1,252 | ▼ 8.2% |
| Current assets29/58 | €4,626 | €9,735 | €3,924 | €3,289 | €14,989 | ▲ 356% |
| Stocks and contracts in progress3 | €2,707 | €7,116 | €3,567 | €2,067 | €2,067 | = |
| Stocks30/36 | €2,707 | €7,116 | €3,567 | €2,067 | €2,067 | = |
| Amounts receivable within one year40/41 | €355 | €262 | €66 | - | €893 | - |
| Other amounts receivable41 | €355 | €262 | €66 | - | €893 | - |
| Cash at bank and in hand54/58 | €1,564 | €2,357 | €291 | €1,045 | €11,720 | ▲ 1,022% |
| Deferred charges and accrued income490/1 | - | - | - | €177 | €309 | ▲ 74.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5,908 | €10,376 | €5,737 | €4,653 | €16,241 | ▲ 249% |
| Equity10/15 | -€50,738 | -€73,158 | -€68,573 | -€51,681 | -€42,975 | ▲ 16.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€69,338 | -€91,758 | -€87,173 | -€70,281 | -€61,575 | ▲ 12.4% |
| Amounts payable17/49 | €56,646 | €83,534 | €74,309 | €56,334 | €59,216 | ▲ 5.1% |
| Amounts payable after more than one year17 | €42,000 | €42,000 | €42,000 | €42,000 | €42,000 | = |
| Other amounts payable178/9 | €42,000 | €42,000 | €42,000 | €42,000 | €42,000 | = |
| Amounts payable within one year42/48 | €14,646 | €41,534 | €32,309 | €14,334 | €17,216 | ▲ 20.1% |
| Trade debts44 | €5,296 | €16,824 | €11,959 | €13,332 | €7,826 | ▼ 41.3% |
| Suppliers440/4 | €5,296 | €16,824 | €11,959 | €13,332 | €7,826 | ▼ 41.3% |
| Taxes, remuneration and social security45 | €4,775 | €20,526 | €19,452 | €1,002 | €5,430 | ▲ 442% |
| Taxes450/3 | €2,253 | €6,350 | €13,154 | €509 | €2,479 | ▲ 387% |
| Remuneration and social security454/9 | €2,522 | €14,176 | €6,297 | €492 | €2,951 | ▲ 500% |
| Other amounts payable47/48 | €4,575 | €4,183 | €899 | - | €3,959 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,019 | -€22,420 | €4,585 | €16,892 | €8,706 | ▼ 48.5% |
| + Depreciation and write-downs630 | €1,167 | €641 | €1,072 | €449 | €112 | ▼ 75.0% |
| Operating cash flow (approximation) | €5,185 | -€21,779 | €5,658 | €17,341 | €8,818 | ▼ 49.2% |
| Investment in fixed assets (approximation) | - | €0 | -€2,245 | €0 | €0 | - |
| Change in cash | - | €792 | -€2,066 | €754 | €10,675 | ▲ 1,317% |
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
Next filing, fiscal year 2026, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €16,892 ▲268%
Operating result €17,398, net result €16,892, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €4,585
Net result €4,585 after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet -€22,420
Net result drops to -€22,420, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €4,019
Net result €4,019 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
19-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 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.
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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, Brussel · 1 establishment unit since 2006
Ground area
3,126 m²
Building footprint
2,652 m²
Volume, LiDAR
77,245 m³
Parcel 21803C0653/00E000, Brussels · tallest building 42.0 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
ANNALOUKIA
since 20062.152.361.506
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0653/00E000 | Brussels | 3,126 m² | 1 · 2,652 m² | 42.0 m · 10 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.
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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 21,732 companies in sector 96210 we hold annual accounts for 2,835. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876288397
Also
9925:BE0876288397
Registered
11-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.