STYLING
BankruptcySummary
The KBO register records for STYLING the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €7k and a net result of €44k.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€7k
2021 · €-37k
2019: €-40k
2020: €-113k▼ -186% vs 2019lowest in 4 years
2021: €-37k▲ +67.4% vs 2020
2022: €7k▲ +119% vs 2021highest in 4 years
2019 → 2022
Total assets
€198k▼ 37.6%
2021 · €317k
2019: €205k
2020: €231k▲ +12.9% vs 2019
2021: €317k▲ +37.0% vs 2020highest in 4 years
2022: €198k▼ -37.6% vs 2021lowest in 4 years
2019 → 2022
Net result
€44k▼ 42.6%
2021 · €76k
2019: €-55k
2020: €-74k▼ -33.3% vs 2019lowest in 4 years
2021: €76k▲ +204% vs 2020highest in 4 years
2022: €44k▼ -42.6% vs 2021
2019 → 2022
Working capital
€-12k▲ 77.2%
2021 · €-53k
2019: €-60k
2020: €-126k▼ -109% vs 2019lowest in 4 years
2021: €-53k▲ +57.9% vs 2020
2022: €-12k▲ +77.2% vs 2021highest in 4 years
2019 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-40k-€-113k▼ 186%€-37k▲ 67.4%€7k
2019: €-40k
2020: €-113k▼ -186% vs 2019lowest in 4 years
2021: €-37k▲ +67.4% vs 2020
2022: €7k▲ +119% vs 2021highest in 4 years
Operating result€-46k-€-46k▲ 0.3%€92k€51k▼ 44.6%
2019: €-46klowest in 4 years
2020: €-46k▲ +0.3% vs 2019
2021: €92k▲ +301% vs 2020highest in 4 years
2022: €51k▼ -44.6% vs 2021
Net result€-55k-€-74k▼ 33.3%€76k€44k▼ 42.6%
2019: €-55k
2020: €-74k▼ -33.3% vs 2019lowest in 4 years
2021: €76k▲ +204% vs 2020highest in 4 years
2022: €44k▼ -42.6% vs 2021
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 falls in 2022; 2022 is 45% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €198k
Fixed assets
€20k ▲ 22.7%
Current assets
€178k ▼ 40.9%
Equity and liabilities €198k
Equity
€7k
Debt
€191k
Debt finances 96.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€56k▼
2021 · €96k
Cash flow
€49k▼
2021 · €80k
Current ratio
0.94▲
2021 · 0.85
Debt to equity
27.29
ROE
628.6%
ROA
22.2%▼
2021 · 24.1%
Interest coverage
5.32
Debt ≤ 1 year
€190k▼
2021 · €354k
Income taxes
€269▲
2021 · €212
Staff costs
€175k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 50 lines
Balance sheet
Code20212022
Assets
Total assets20/58€317k€198k▼
Fixed assets21/28€16k€20k▲
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€7k€13k▲
Plant, machinery and equipment23-€303
Furniture and vehicles24-€8k
Other tangible fixed assets26-€5k
Financial fixed assets28€2k€2k=
Current assets29/58€301k€178k▼
Amounts receivable after more than one year29-€77k
Other amounts receivable291-€77k
Amounts receivable within one year40/41€206k€92k▼
Trade receivables40-€29k
Other amounts receivable41-€64k
Cash at bank and in hand54/58€9k€9k=
Deferred charges and accrued income490/1-€270
Equity and liabilities
Total equity and liabilities10/49€317k€198k▼
Equity10/15€-37k€7k▲
Contributions10/11-€19k
Reserves13€5k€5k=
Non-distributable reserves130/1-€5k
Reserves not available under the articles1311-€5k
Tax-exempt reserves132-€187
Profit (loss) carried forward14€-61k€-17k▲
Amounts payable17/49€354k€191k▼
Amounts payable within one year42/48€354k€190k▼
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€76k€15k▼
Suppliers440/4-€15k
Taxes, remuneration and social security45-€123k
Taxes450/3-€100k
Remuneration and social security454/9-€22k
Other amounts payable47/48-€49k
Accrued charges and deferred income492/3-€691
Income statement
Code20212022
Remuneration, social security and pensions62-€175k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8-€17k
Gross operating margin9900€355k€248k▼
Operating profit (loss)9901€92k€51k▼
Financial income75/76B-€4k
Recurring financial income75€3k€4k▲
Financial charges65/66B-€11k
Recurring financial charges65€18k€11k▼
Profit (loss) for the period before taxes9903€77k€44k▼
Income taxes67/77€212€269▲
Profit (loss) for the period9904€76k€44k▼
Profit (loss) for the period to be appropriated9905€76k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-17k
Profit (loss) brought forward from the previous period14P-€-61k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €175k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €4k | €5k | ▲ 48.0% |
| Other operating charges640/8 | - | - | - | €17k | - |
| Gross operating margin9900 | €203k | €155k | €355k | €248k | ▼ 30.1% |
| Operating profit (loss)9901 | €-46k | €-46k | €92k | €51k | ▼ 44.6% |
| Financial income75/76B | - | - | - | €4k | - |
| Recurring financial income75 | €6k | €6k | €3k | €4k | ▲ 29.7% |
| Financial charges65/66B | - | - | - | €11k | - |
| Recurring financial charges65 | €16k | €34k | €18k | €11k | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €-55k | €-74k | €77k | €44k | ▼ 42.4% |
| Income taxes67/77 | €121 | €213 | €212 | €269 | ▲ 27.3% |
| Profit (loss) for the period9904 | €-55k | €-74k | €76k | €44k | ▼ 42.6% |
| Profit (loss) for the period to be appropriated9905 | €-55k | €-74k | €76k | €44k | ▼ 42.6% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €205k | €231k | €317k | €198k | ▼ 37.6% |
| Fixed assets21/28 | €23k | €14k | €16k | €20k | ▲ 22.7% |
| Intangible fixed assets21 | €7k | €10k | €7k | €4k | ▼ 42.0% |
| Tangible fixed assets22/27 | €8k | €1k | €7k | €13k | ▲ 97.4% |
| Plant, machinery and equipment23 | - | - | - | €303 | - |
| Furniture and vehicles24 | - | - | - | €8k | - |
| Other tangible fixed assets26 | - | - | - | €5k | - |
| Financial fixed assets28 | €8k | €2k | €2k | €2k | = |
| Current assets29/58 | €181k | €218k | €301k | €178k | ▼ 40.9% |
| Amounts receivable after more than one year29 | - | - | - | €77k | - |
| Other amounts receivable291 | - | - | - | €77k | - |
| Amounts receivable within one year40/41 | €172k | €208k | €206k | €92k | ▼ 55.0% |
| Trade receivables40 | - | - | - | €29k | - |
| Other amounts receivable41 | - | - | - | €64k | - |
| Cash at bank and in hand54/58 | €8k | €9k | €9k | €9k | = |
| Deferred charges and accrued income490/1 | - | - | - | €270 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €205k | €231k | €317k | €198k | ▼ 37.6% |
| Equity10/15 | €-40k | €-113k | €-37k | €7k | ▲ 119% |
| Contributions10/11 | €19k | - | - | €19k | - |
| Reserves13 | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | - | - | - | €5k | - |
| Reserves not available under the articles1311 | - | - | - | €5k | - |
| Tax-exempt reserves132 | - | - | - | €187 | - |
| Profit (loss) carried forward14 | €-63k | €-137k | €-61k | €-17k | ▲ 72.4% |
| Amounts payable17/49 | €244k | €345k | €354k | €191k | ▼ 46.1% |
| Amounts payable after more than one year17 | €3k | - | - | - | - |
| Amounts payable within one year42/48 | €242k | €344k | €354k | €190k | ▼ 46.3% |
| Financial debts43 | - | - | - | €3k | - |
| Credit institutions430/8 | - | - | - | €3k | - |
| Trade debts44 | €131k | €124k | €76k | €15k | ▼ 80.3% |
| Suppliers440/4 | - | - | - | €15k | - |
| Taxes, remuneration and social security45 | - | - | - | €123k | - |
| Taxes450/3 | - | - | - | €100k | - |
| Remuneration and social security454/9 | - | - | - | €22k | - |
| Other amounts payable47/48 | - | - | - | €49k | - |
| Accrued charges and deferred income492/3 | - | - | - | €691 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-55k | €-74k | €76k | €44k | ▼ 42.6% |
| + Depreciation and write-downs630 | €10k | €10k | €4k | €5k | ▲ 48.0% |
| Operating cash flow (approximation) | €-45k | €-64k | €80k | €49k | ▼ 38.5% |
| Investment in fixed assets (approximation) | - | €-14 | €-6k | €-9k | ▼ 48.3% |
| Change in cash | - | €74 | €-28 | €0 | ▲ 100% |
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
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 172 days late
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 36 days late
31-03
Financial
Back to profitnet €76k
Net result €76k after 2 loss-making years.
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
31-03
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series.
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 25 days late
2017
12-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 12 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Gistel · 2 establishment units since 2015
Ground area
1,462 m²
Building footprint
1,155 m²
Volume, LiDAR
14,518 m³
3 parcels, Flanders · tallest building 30.2 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
VERITAS
since 20152.241.027.424
VERITAS
since 20192.288.499.323
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008A0079/00A000 | Flanders | 929 m² | 1 · 791 m² | 28.3 m · 1 fl. |
| 35005A0494/00A002 | Flanders | 287 m² | 1 · 62 m² | 8.4 m · 2 fl. |
| 38402D0330/00B000 | Flanders | 246 m² | 1 · 302 m² | 30.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,125 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2015
Fiscal year end31-03
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
47513Retail trade
47715Retail trade
Scores and ratios are computed by Checked and are not a credit decision.