STYLING CORNER
Open bankruptcyFinancials · financial year 2023, micro format
Turnover
≈ €190,000
Estimated: probably between €140,000 and €210,000
Total assets
€81,735▼ 2.1%
2022 · €83,511
Net result
-€2,639▲ 64.8%
2022 · -€7,508
Working capital
-€3,870
2022 · €34,385
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result stays negative: a loss of €2,074 in 2023 against €6,819 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€2,074
2023
Net result-€2,639
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€81,735
2023
Equity€24,795
2023
Debt€56,941
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€3,870
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-3.2%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency30.3%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.89
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)2.4
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€9,136-€29,843▲ 227%€13,360▼ 55.2%€7,737▼ 42.1%-€6,819-€2,074▲ 69.6%
Net result€4,714-€26,494▲ 462%€12,764within the sector's middle half▼ 51.8%€7,173within the sector's middle half▼ 43.8%-€7,508below the sector's middle half-€2,639within the sector's middle half▲ 64.8%
Equity€26,011-€27,505▲ 5.7%€27,769within the sector's middle half▲ 1.0%€34,942within the sector's middle half▲ 25.8%€27,434within the sector's middle half▼ 21.5%€24,795within the sector's middle half▼ 9.6%
Total assets€97,493-€103,893▲ 6.6%€77,421below the sector's middle half▼ 25.5%€96,266below the sector's middle half▲ 24.3%€83,511below the sector's middle half▼ 13.2%€81,735within the sector's middle half▼ 2.1%
Debt€71,482-€76,388▲ 6.9%€49,652▼ 35.0%€61,324▲ 23.5%€56,077▼ 8.6%€56,941▲ 1.5%
Working capital€5,340-€13,148▲ 146%€18,812within the sector's middle half▲ 43.1%€37,662within the sector's middle half▲ 100%€34,385within the sector's middle half▼ 8.7%-€3,870within the sector's middle half
Solvency26.7%-26.5%▼ 0.2pp35.9%within the sector's middle half▲ 9.4pp36.3%within the sector's middle half▲ 0.4pp32.9%within the sector's middle half▼ 3.4pp30.3%within the sector's middle half▼ 2.5pp
Current ratio1.13-1.29▲ 0.171.81within the sector's middle half▲ 0.522.28within the sector's middle half▲ 0.472.27within the sector's middle half▼ 0.010.89within the sector's middle half▼ 1.38
Return on assets (ROA)4.8%-25.5%▲ 20.7pp16.5%above the sector's middle half▼ 9.0pp7.5%within the sector's middle half▼ 9.0pp-9.0%below the sector's middle half▼ 16.4pp-3.2%within the sector's middle half▲ 5.8pp
Staff (FTE)1.7-1.7=1.7below the sector's middle half=2.4within the sector's middle half▲ 41.2%2.4within the sector's middle half=2.4=
above
within
below
the middle half of NACE 96, Personal service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €81,735
Fixed assets
€48,923 ▲ 122%
Current assets
€32,813 ▼ 46.6%
Equity and liabilities €81,735
Equity
€24,795 ▼ 9.6%
Debt
€56,941 ▲ 1.5%
Debt's share of the balance-sheet total rises from 67.1% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7,418▲
2022 · €1,923
Cash flow
€6,853▲
2022 · €1,234
Quick ratio
0.69▼
2022 · 2.01
Debt to equity
2.30▲
2022 · 2.04
ROE
-10.6%▲
2022 · -27.4%
Interest coverage
11.91▲
2022 · 2.79
Debt ≤ 1 year
€36,683▲
2022 · €27,082
Income taxes
€0
Staff costs
€98,459▲
2022 · €89,324
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €72,896 | €89,324 | €98,459 | ▲ 10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,111 | €14,892 | €12,675 | €12,183 | €8,742 | €9,492 | ▲ 8.6% |
| Other operating charges640/8 | - | - | - | €599 | €964 | €901 | ▼ 6.5% |
| Non-recurring operating charges66A | - | - | - | - | €115 | - | - |
| Gross operating margin9900 | €89,017 | €113,860 | €78,406 | €93,415 | €92,326 | €106,778 | ▲ 15.7% |
| Operating profit (loss)9901 | €9,136 | €29,843 | €13,360 | €7,737 | -€6,819 | -€2,074 | ▲ 69.6% |
| Financial income75/76B | - | - | - | €98 | €0 | €58 | ▲ 481× |
| Recurring financial income75 | €10 | €18 | €8 | €98 | €0 | €58 | ▲ 481× |
| Financial charges65/66B | - | - | - | €662 | €689 | €623 | ▼ 9.7% |
| Recurring financial charges65 | €1,487 | €1,137 | €604 | €662 | €689 | €623 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | €7,660 | €28,724 | €12,764 | €7,173 | -€7,508 | -€2,639 | ▲ 64.9% |
| Income taxes67/77 | €2,946 | €2,230 | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €4,714 | €26,494 | €12,764 | €7,173 | -€7,508 | -€2,639 | ▲ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €4,714 | €26,494 | €12,764 | €7,173 | -€7,508 | -€2,639 | ▲ 64.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €97,493 | €103,893 | €77,421 | €96,266 | €83,511 | €81,735 | ▼ 2.1% |
| Fixed assets21/28 | €50,682 | €46,062 | €35,387 | €29,101 | €22,044 | €48,923 | ▲ 122% |
| Tangible fixed assets22/27 | €48,182 | €43,562 | €32,887 | €26,601 | €19,544 | €46,423 | ▲ 138% |
| Plant, machinery and equipment23 | - | - | - | €10,309 | €7,773 | €39,000 | ▲ 402% |
| Furniture and vehicles24 | - | - | - | €58 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €16,235 | €11,771 | €7,423 | ▼ 36.9% |
| Financial fixed assets28 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Current assets29/58 | €46,811 | €57,831 | €42,035 | €67,165 | €61,467 | €32,813 | ▼ 46.6% |
| Stocks and contracts in progress3 | €12,123 | €12,069 | €7,063 | €12,124 | €7,056 | €7,648 | ▲ 8.4% |
| Stocks30/36 | - | - | - | €12,124 | €7,056 | €7,648 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €12,290 | €11,230 | €15,561 | €17,756 | €33,969 | €9,367 | ▼ 72.4% |
| Trade receivables40 | - | - | - | €73 | €15,000 | €355 | ▼ 97.6% |
| Other amounts receivable41 | - | - | - | €17,683 | €18,969 | €9,012 | ▼ 52.5% |
| Cash at bank and in hand54/58 | €21,855 | €34,532 | €19,411 | €37,285 | €18,862 | €13,891 | ▼ 26.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,580 | €1,907 | ▲ 20.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €97,493 | €103,893 | €77,421 | €96,266 | €83,511 | €81,735 | ▼ 2.1% |
| Equity10/15 | €26,011 | €27,505 | €27,769 | €34,942 | €27,434 | €24,795 | ▼ 9.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €7,411 | €8,905 | €9,169 | €16,342 | €8,834 | €6,195 | ▼ 29.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | €14,482 | €6,974 | €6,195 | ▼ 11.2% |
| Amounts payable17/49 | €71,482 | €76,388 | €49,652 | €61,324 | €56,077 | €56,941 | ▲ 1.5% |
| Amounts payable after more than one year17 | €8,160 | €1,712 | - | - | - | - | - |
| Amounts payable within one year42/48 | €41,471 | €44,682 | €23,222 | €29,503 | €27,082 | €36,683 | ▲ 35.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €838 | - | - | - |
| Financial debts43 | - | - | - | - | €1,608 | €1,505 | ▼ 6.4% |
| Credit institutions430/8 | - | - | - | - | €1,608 | €1,505 | ▼ 6.4% |
| Trade debts44 | €25,500 | €5,964 | €1,595 | €4,550 | €17,018 | €4,620 | ▼ 72.9% |
| Suppliers440/4 | - | - | - | €4,550 | €17,018 | €4,620 | ▼ 72.9% |
| Taxes, remuneration and social security45 | - | - | - | €11,673 | €8,456 | €10,529 | ▲ 24.5% |
| Taxes450/3 | - | - | - | €357 | €300 | €400 | ▲ 33.4% |
| Remuneration and social security454/9 | - | - | - | €11,315 | €8,156 | €10,128 | ▲ 24.2% |
| Other amounts payable47/48 | - | - | - | €12,443 | - | €20,030 | - |
| Accrued charges and deferred income492/3 | - | - | - | €31,821 | €28,995 | €20,258 | ▼ 30.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,714 | €26,494 | €12,764 | €7,173 | -€7,508 | -€2,639 | ▲ 64.8% |
| + Depreciation and write-downs630 | €15,111 | €14,892 | €12,675 | €12,183 | €8,742 | €9,492 | ▲ 8.6% |
| Operating cash flow (approximation) | €19,825 | €41,386 | €25,439 | €19,356 | €1,234 | €6,853 | ▲ 455% |
| Investment in fixed assets (approximation) | - | -€10,272 | -€2,000 | -€5,898 | -€1,685 | -€36,370 | ▼ 2,059% |
| Change in cash | - | €12,676 | -€15,121 | €17,874 | -€18,423 | -€4,971 | ▲ 73.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 28-06-2024 | 2024-00174062 |
| 31-12-2022 | abbreviated format | 15-06-2023 | 2023-00127149 |
| 31-12-2021 | abbreviated format | 09-06-2022 | 2022-20052336 |
| 31-12-2020 | abbreviated format | 26-07-2021 | 2021-39400169 |
| 31-12-2019 | abbreviated format | 28-07-2020 | 2020-34400523 |
| 31-12-2018 | abbreviated format | 04-06-2019 | 2019-15400585 |
| 31-12-2017 | abbreviated format | 13-06-2018 | 2018-17600599 |
| 31-12-2016 | micro format | 09-06-2017 | 2017-15600543 |
| 31-12-2015 | abbreviated format | 04-08-2016 | 2016-39600275 |
| 31-12-2014 | abbreviated format | 07-08-2015 | 2015-40600417 |
Similar companies · same sector, comparable size
D-NAILS
BE 0713.755.296
Gent · equity €24,838
BE YOU
BE 0804.563.233
Oudsbergen · equity €24,681
Kokoro
BE 0668.391.267
Leuven · equity €24,982
S.A.L.T.
BE 0542.888.313
Sint-Niklaas · equity €24,503
KELUMAI
BE 0769.340.751
Nivelles · equity €25,142
Of the 24,969 active companies whose main activity is beauty care and other beauty treatments (NACE 96220), figures are known for 1,499. 1,227 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.