Equity
-€11,186
Debts exceed assets in financial year 2025.
Unveiled
Overview
Lifetime
2 annual accounts with figures on one time axispeak -€6,558 (2025)
-€6,558▲ €1,340
lowest -€10,677 (2025)
-€10,677▼ €169
peak -€509 (2024)
-€11,186▼ €10,677
€73,425▲ 7.1%
Board2 names since 2024
1 directorLUCAS Laurane Gladys Marie
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Gross margin from -€7,898 to -€6,558Loss of €10,677Equity from -€509 to -€11,186Cash from €21,316 to €10,697
Key points
from the 2025 annual accountsLosses
-€21,186 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€73,425 118% of the balance sheet
Suppliers 3%Taxes and wages 1%Other 95%
Of this, €73,150 falls due within a year.
Turnover not published (micro format)
Checked score
51
Fair
Financially stronger than 13% of micro companies in chemicals (NACE 20)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 356 companies (NACE 20, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 1.7%
08-2025: 1.2%▼ -0.5 percentage points vs 07-2025lowest value
09-2025: 1.2%● unchanged vs 08-2025lowest value
10-2025: 1.3%▲ +0.1 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.4%▲ +0.1 percentage points vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.5%▲ +0.1 percentage points vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.6%▲ +0.1 percentage points vs 05-2026
07-2026: 1.7%▲ +0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.3 percentage points vs 07-2026
09-2026: 2.3%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 2.2%▼ -0.1 percentage points vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Negative equity -€11,186
lowers risk
Liquidity: current ratio 0.68, cash €10,697
Size: total assets €62,239
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 20, micro). It does better than 20% of them on solvency, 22% on liquidity, 11% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 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 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, 7,639 companies had the same profile as Unveiled has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Unveiled itself: 2.2% 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 7,639 companies, not a prediction for Unveiled. 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 0.68 (0.78 in 2024), below 1. Short-term debt is 117.5% and cash 17.2% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€11,186
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
43 days early
2024
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 25 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% 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.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- LUCAS Laurane Gladys Marie 800 sharesdeed of 17-06-2024
- LUCAS Valentin Arnaud 200 sharesdeed of 17-06-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010336855
Incorporation
Founding capital of €10,000, 1,000 shares · Founders: LUCAS Laurane Gladys Marie and LUCAS Valentin Arnaud · Appointments: LUCAS Laurane Gladys Marie (director) and LUCAS Valentin Arnaud (alternate director) · published on 17-06-2024 · Gazette deed
First establishment
Rue de l'Erable 16, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Unveiled Etterbeek | €62,239 | -€6,558 | -18.0% | - |
| ARTÉSSENCE Brussels | €63,683 | -€19,462 | -30.3% | - |
| LUMIscience Koksijde | €63,645 | -€38,716 | 39.7% | - |
| MM.skincare Watermael-Boitsfort | €38,688 | -€1,516 | -36.8% | - |
| STAY BELLE Boussu | €73,232 | -€2,933 | 0.6% | - |
| Capilariteit Hasselt | €63,547 | -€44,384 | -159.5% | - |
| No Lobster Geel | €46,303 | -€28,547 | 90.5% | - |
These companies have the same main activity as Unveiled: manufacture of chemicals and chemical products (NACE 20420). They are comparable in size and age: total assets between €38,700 and €73,200, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 13-06-2024Normal situation
- Activity
- Manufacture of chemicals and chemical productsNACE 20420and 2 others
- Establishment unit
- 2.360.353.7555020 Namur, since 13-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 09-07-2024
Annual accounts 2025
- -€6,558▲ 17.0%
- €10,677▲ 1.6%
- -€11,186▼ 2,100%
- €62,239▼ 8.6%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on Unveiled
The computed 12-month bankruptcy probability of Unveiled is 2.2% (moderate). The 2025 annual accounts show negative equity (-€11,186) and a net result of -€10,677.
Its solvency ranks better than 24% of 146 sector peers (NACE 20, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 18-06-2026, 43 days before the deadline-€6,558
▲ €1,340
-€10,474
▼ €88
-€10,677
▼ €169
-€23,685
▼ €8,683
-18.0%
▼ 17.2 percentage points
0.68
▼ 0.11
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €62,239 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-18.0%
Higher than 24% of 146 companies in 2025.
0.68
Higher than 25% of 137 companies in 2025.
-17.2%
Higher than 25% of 139 companies in 2025.
Unveiled
Middle half of the sector
80% of the sector
Micro accounts in chemicals (NACE 20)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
62,239 | 68,072 | |
21/28 |
12,775 | 14,494 | |
21 |
12,775 | 14,494 | |
29/58 |
49,464 | 53,578 | |
3 |
35,799 | 29,306 | |
30/36 |
35,799 | 29,306 | |
40/41 |
2,842 | 2,270 | |
40 |
2,842 | 242 | |
41 |
- | 2,028 | |
54/58 |
10,697 | 21,316 | |
490/1 |
127 | 687 | |
| Balance sheet: equity and liabilities | |||
10/49 |
62,239 | 68,072 | |
10/15 |
-11,186 | -509 | |
10/11 |
10,000 | 10,000 | |
14 |
-21,186 | -10,509 | |
17/49 |
73,425 | 68,581 | |
42/48 |
73,150 | 68,581 | |
44 |
2,336 | 5,229 | |
440/4 |
2,336 | 5,229 | |
45 |
1,014 | - | |
450/3 |
1,014 | - | |
47/48 |
69,799 | 63,352 | |
492/3 |
275 | - | |
| Income statement | |||
9900 |
-6,558 | -7,898 | |
630 |
3,266 | 1,347 | |
640/8 |
651 | 1,141 | |
9901 |
-10,474 | -10,386 | |
75/76B |
12 | - | |
75 |
12 | - | |
65/66B |
215 | 123 | |
65 |
215 | 123 | |
9903 |
-10,677 | -10,509 | |
9904 |
-10,677 | -10,509 | |
9905 |
-10,677 | -10,509 | |
| Appropriation of the result | |||
9906 |
-21,186 | -10,509 | |
14P |
-10,509 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -7,208 | -9,039 | ||
| -7,412 | -9,162 | ||
| 1,546 | 15,841 | ||
| -10,619 | - | ||
| -23,685 | -15,003 | ||
| -18.0% | -0.7% | ||
| 0.68 | 0.78 | ||
| 0.19 | 0.35 | ||
| -17.2% | -15.4% | ||
| -33.50 | -73.77 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Intangible fixed assets | €1,546 | €15,841 |
| €3,266 | €1,347 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Unveiled
The operating result for 2025 is a loss of €10,474, larger than the loss of €10,386 in 2024.
Equity is negative. Debt (€73,425) exceeds the balance-sheet total (€62,239).
Board & ownership
Board
1 director, since incorporationDirector
since 13-06-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 18-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “[…] ADMINISTRATION La société est administrée par un ou plusieurs administrateurs, actionnaires ou non, rémunérés ou gratuits, nommés avec…”deed of 17-06-2024
Mandates through the years
2 names, the dashed line is todayLUCAS Laurane Gladys Marie
Director
Director
LUCAS Valentin Arnaud
Alternate director
Alternate director
BoardEarlierend not dated
Mandates as a list
- LUCAS Laurane Gladys Marie
- Director, from 13-06-2024 to date
- LUCAS Valentin Arnaud
- Alternate director, appointed by deed of 17-06-2024, no longer listed in the 2025 annual accounts
Control
This company
Unveiled
Equity -€11,186
Loss €10,677 in 2025
Capital
- Contribution
- €10,000
- Shares
- 1,000
- Contribution per share
- €10
- Equity per share
- -€11.19 in 2025
- Source
- deed of 17-06-2024
Articles of association
deed of 17-06-2024 (in French)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 11:00
Shareholders
At incorporation
deed of 17-06-2024 ↗
- LUCAS Laurane Gladys Marie 800 shares (80%) · €8,000
- LUCAS Valentin Arnaud 200 shares (20%) · €2,000
Network & group
No group
Unveiled has no parent and no holdings in its annual accounts. LUCAS Laurane Gladys Marie is the only director. Unveiled shares no director with another company.
At the same address
Elf Novemberlaan 72, 1040 Etterbeek · 6 other companies| H-H ENGINEERINGS
establishment since 01-01-2015 · founded in 2012 |
total assets €561,032 (2025) 0849.788.987 |
| HOME EXPERT IMMO
establishment since 01-01-2026 · founded in 2010 |
total assets €66,753 (2025) 0831.104.908 |
| Nganga, Emmanuel (sole trader)
establishment since 01-04-2025 |
founded in 2025 1021.651.114 |
| Tătăruşanu, Alin-Constantin (sole trader)
establishment since 19-05-2018 |
founded in 2018 0696.663.205 |
| Amitiés Belgo-Iraniennes
registered office since 08-04-1960 |
founded in 1960 0408.008.328 |
| Association des copropriétaires de la Résidence Le Pegase à Etterbeek , à l'angle de l'Avenue du Onze Novembre et la rue du Vindictive
registered office since 22-12-1955 |
founded in 1955 0840.778.875 |
Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 43 days before the deadline
2025
Annual accounts 2024 filed NBBmicro format · 7 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:1010336855
IncorporationFounding capital of €10,000, 1,000 shares · Founders: LUCAS Laurane Gladys Marie and LUCAS Valentin Arnaud · Appointments: LUCAS Laurane Gladys Marie (director) and LUCAS Valentin Arnaud (alternate director) · published on 17-06-20248 points ▸
- Founder, LUCAS Laurane Gladys Marie
- Founder, LUCAS Valentin Arnaud
- Founding capital, €10,000, 1,000 shares
- LUCAS Laurane Gladys Marie holds 800 shares
- LUCAS Valentin Arnaud holds 200 shares
- Registered office clause, avenue du Onze Novembre, 72/10, 1040 Etterbeek
- Director appointment, LUCAS Laurane Gladys Marie
- Director appointment, LUCAS Valentin Arnaud (alternate director)
- The deed holds 5 more points.
First establishment Rue de l'Erable 16, Namur
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 13 June 2024, Unveiled was incorporated as a private limited company by two natural persons, with a starting capital of €10,000.12 LUCAS Laurane Gladys Marie has served as director since 2024.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1010.336.855
- VAT number
- BE 1010.336.855
- Peppol ID
- 0208:1010336855
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-06-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 11:00deed of 17-06-2024 (in French)
- Peppol
- Reachable since 09-07-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Unveiled in French
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Avenue du Onze Novembre, 72/10, 1040 Etterbeek”deed of 17-06-2024 (in French)
Activities
NACEBEL 202520420
Manufacture of chemicals and chemical products main activity
Codes under NACEBEL 2008
20420
Manufacture of chemicals and chemical products main activity
46450
Wholesale of perfume and cosmetics
47750
Retail trade
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Le commerce de gros et de détail de tous produits de parfumerie,de cosmétologie,de soin et de tous accessoires de beauté; Le commerce de…”deed of 17-06-2024 (in French)
16 activities
- Le commerce de gros et de détail de tous produits de parfumerie,de cosmétologie,de soin et de tous accessoires de beauté
- Le commerce de tous produits de maquillage,les ustensiles utilisés pour l'hygiène corporelle,ainsi que de produits de nettoyage et d'entretien au sens le plus large
- La vente de produits d’alimentation diététique ou autres
- L’organisation de tous évènements,manifestations,formations ou de toutes démarches de relations publiques et de prospection de clientèles
- La recherche et le développement de formules de produits cosmétiques,de parfumerie,de maquillage,d'alimentation diététique et de produits de nettoyage et d'entretien au sens le plus large
- L’achat et la vente de matières premières nécessaires à l'élaboration de ces mêmes produits
- La production de ces mêmes produits
- L’achat et la vente d’appareillages intervenant dans la formulation et la production de ces produits,y compris les dispositifs de conditionnement,de remplissage,d’emballage et d'étiquetage
- L’exploitation d’un institut de beauté et de bien-être,au sens large
- Participer au marché immobilier par tout contrat,promesse ou engagement unilatéral,tel l’achat,l’échange,le lotissement,la promotion,la vente,la location,la prise en location et en sous-location,la cession en location et en sous-location,le tout avec ou sans option d’achat,la construction,la rénovation et la transformation,l’exploitation et l’entretien de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,et de manière générale,des biens immobiliers de toute nature
- Transiger à propos de droits réels démembrés ou sûretés(superficie,renonciation à accession,emphytéose,usufruit,nue-propriété,usage,leasing immobilier,hypothèque,privilège,…),conclure toutes opérations de financement et assumer la gérance d’immeubles pour son propre compte
- Assumer toutes fonctions ou mandats au sein de personnes morales,en qualité d’organe ou non
- Faire,tant pour elle-même que pour compte de tiers,tous actes et opérations financières,commerciales,industrielles,mobilières ou immobilières se rattachant directement ou indirectement en tout ou en partie à son objet ou pouvant en amener le développement ou en faciliter la réalisation
- Prêter,emprunter,hypothéquer,acquérir ou céder tous brevets,patentes,licences,marques
- S'intéresser par voir d'apport,de cession,de souscription,de participation,de fusion,d'achat d'actions ou autres valeurs,ou par toutes autres voies dans toutes sociétés,entreprises ou associations existantes ou à créer,dont l'objet est identique,analogue,similaire ou connexe à tout ou partie de celui de la présente société
- Exercer la gérance d'autres sociétés
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Elf Novemberlaan 72 registered office 1040 Etterbeek | ||
| Rue de l'Erable 16 5020 Namur | 13-06-2024 | 2.360.353.755 |
Buildings and parcels at the addresses
- Ground area
- 1,222 m²
- Buildings
- 572 m²
- Volume, LiDAR
- 8,132 m³
- Tallest building
- 23.9 m
Buildings to scale, each on its own parcel
Parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92120A0045/00H003 | Wallonia | 734 m² | 1 · 188 m² | 3.5 m · 1 |
| 21362B0202/00K003 | Brussels | 489 m² | 1 · 384 m² | 23.9 m · 7 |