Equity
€379,285 ▼ 16.9%
THALGO GROUP BELUX paid out €88,708 in dividends. That is 181% of the 2025 profit.
THALGO GROUP BELUX
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992Gross marginpeak €1.0m (2022)
€671,184▼ 0.4%
Resultlowest -€156,969 (2023)
€48,934▲ 282%
Equitypeak €600,709 (2022)
€379,285▼ 16.9%
Debts
€605,919▲ 1.4%
Staffpeak 11.9 FTE (2008)
7.3 FTE▼ 21.5%
Board6 names since 2005
3 directorsANCION Annne Laure and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Result from €12,819 to €48,934Staff from 9.3 FTE to 7.3 FTE2 directors appointed, 1 resignation 30-10Transfer of 13 shares from BENATTI Jean to THALGO GROUP BELUX 28-08Dividend €88,708Equity from €456,559 to €379,285
Key points
from the 2025 annual accountsChecked score
87
Excellent
Financially stronger than 44% of micro companies in personal services (NACE 96)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 7,627 companies (NACE 96, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 2.2%▲ +1.7 percentage points vs 12-2024
02-2025: 2.3%▲ +0.1 percentage points vs 01-2025
03-2025: 2.2%▼ -0.1 percentage points vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.1%▼ -0.1 percentage points vs 04-2025
06-2025: 1.9%▼ -0.2 percentage points vs 05-2025
07-2025: 2.1%▲ +0.2 percentage points vs 06-2025
08-2025: 2.6%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 0.5%▼ -2.1 percentage points vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.4%▼ -0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.5 percentage points vs 07-2026
09-2026: 0.2%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1991
Liquidity: current ratio 1.36, cash €133,321
Profit of €48,934 (financial year 2025)
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 59% of them on solvency, 34% on liquidity, 56% on profitability and 25% on growth.
The bankruptcy probability was computed on 04-11-2026 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 very low class on 30-06-2025, 0.1% 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, 17,041 companies had the same profile as THALGO GROUP BELUX has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of THALGO GROUP BELUX itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 17,041 companies, not a prediction for THALGO GROUP BELUX. 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
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.36 (1.6 in 2024), below the usual 1.5. Short-term debt is 49.2% and cash 13.5% of total assets. 61.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
142 days late
2022
31 days late
2021
61 days late
2020
30 days late
2019
24 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 39 days after 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 31 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
AA
ANCION Annne Laure
Director, since 01-10-2025
- ANCION Anne 208 sharesdeed of 28-08-2025
- HODY Francis 26 sharesdeed of 28-08-2025
- BENATTI Jean 13 sharesdeed of 28-08-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0445409053
2 directors appointed, 1 resignation
Resignation: Anne ANCION (managing director) · Appointments: TEA INVEST (managing director) and Francis HODY · Permanent representative: Amélie HODY · General meeting of 24-09-2025 · Gazette deed
Transfer of 13 shares from BENATTI Jean to THALGO GROUP BELUX
Cancellation of 13 shares · ANCION Anne holds 208 shares · HODY Francis holds 26 shares · General meeting of 21-03-2024 · Gazette deed
Resignation: Jean-Pierre BENATTI (director)
Director discharge: Jean-Pierre BENATTI · General meeting of 03-01-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| THALGO GROUP BELUX Ans | €1.0m | €671,184 | 38.5% | 7.3 |
| NAYGO Fauvillers | €0.9m | €406,439 | 14.0% | 8.2 |
| DARTOIS GUILLEMINS Liège | €1.2m | €640,729 | 29.6% | 7.7 |
| AUDREY Liège | €0.6m | €478,658 | -40.0% | 13.3 |
| VIA K & CO Keerbergen | €1.1m | €384,344 | 24.3% | 3.8 |
| ECOLES INTERNATIONALES DE SOINS ESTHETIQUES ET DE PEDICURIE MEDICALE Mons | €1.0m | €304,639 | 44.1% | 3 |
| Science of Beauty Hasselt | €0.5m | €402,462 | -4.5% | 6.6 |
These companies have the same main activity as THALGO GROUP BELUX: beauty care and other beauty treatments (NACE 96220). They are comparable in size and age: total assets between €539,000 and €1.2m, founded between 1975 and 2012.
Official details
Source: KBO- Status
- Active since 08-10-1991Normal situation
- Activity
- Beauty care and other beauty treatmentsNACE 96220and 1 other
- Joint committee
- 314Hairdressing and beauty care · annual accounts 2025
- Establishment unit
- 2.054.895.8074431 Ans, since 13-11-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 10-07-2026
Annual accounts 2025
- Turnover
- ≈ €770,000estimated
- Total assets
- €985,204▼ 6.5%
- Employeeson 31-12-2025
- 6▼ 25.0%
- Filing
- Filed on 31-08-2026
Insights on THALGO GROUP BELUX
THALGO GROUP BELUX has existed since 1991. In 2007 the gross margin rose from €150,883 to €608,571 and staff from 2.8 to 10.1 full-time equivalents.
In October 2025, the Official Gazette published the appointment of TEA INVEST as managing director.
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 THALGO GROUP BELUX
- What is the company number of THALGO GROUP BELUX?
- The company number of THALGO GROUP BELUX is 0445.409.053. The VAT number is the same number with BE in front: BE 0445.409.053.
- Where is THALGO GROUP BELUX based?
- The registered office is at Rue Henri Goossens 15, 4431 Ans.Company details
- What does THALGO GROUP BELUX do?
- According to the KBO register, the main activity is beauty care and other beauty treatments (NACE 96220).
- What is the legal form of THALGO GROUP BELUX?
- THALGO GROUP BELUX is a public limited company (NV).
- When was THALGO GROUP BELUX founded?
- THALGO GROUP BELUX was founded on 08-10-1991.
- Is THALGO GROUP BELUX still active?
- Yes, THALGO GROUP BELUX is an active enterprise in the KBO register.
- How many employees does THALGO GROUP BELUX have?
- THALGO GROUP BELUX had an average of 7.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does THALGO GROUP BELUX fall under?
- In its 2025 annual accounts, THALGO GROUP BELUX states joint committee 314 (Hairdressing and beauty care).
- What is the turnover of THALGO GROUP BELUX?
- The turnover in financial year 2025 is ≈ €770,000. This figure is estimated from the gross margin of €671,184 and 30 comparable companies (NACE 96). It probably lies between €710,000 and €1.3m.
- Is THALGO GROUP BELUX profitable?
- In financial year 2025, THALGO GROUP BELUX made a profit of €48,934.
- Where can I find the annual accounts of THALGO GROUP BELUX?
- THALGO GROUP BELUX filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of THALGO GROUP BELUX due?
- THALGO GROUP BELUX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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