VINCES · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of VINCES is 1.9% (moderate). The 2022 annual accounts show equity of €49k and a net result of €-6k. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 1011 sector peers (fiscal year 2022). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2023 was due at the National Bank by 31-07-2024. Nothing is on record today, 759 days later. 3 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Latest accounts filed on time

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 23-07-2023, 8 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2022, that is 31-07-2023.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	nothing on record	not filed	-
31-12-2022	31-07-2023	23-07-2023	8 d early	2023-00278636
31-12-2021	31-07-2022	19-07-2022	12 d early	2022-20219126
31-12-2020	31-07-2021	19-07-2021	12 d early	2021-37300224
31-12-2019	31-07-2020	25-08-2020	25 d late	2020-46600536
31-12-2018	31-07-2019	16-08-2019	16 d late	2019-46900225
31-12-2017	31-07-2018	24-09-2018	55 d late	2018-64800505
31-12-2016	31-07-2017	28-08-2017	28 d late	2017-51200431
31-12-2015	31-07-2016	25-08-2016	25 d late	2016-47700108
31-12-2014	31-07-2015	29-09-2015	60 d late	2015-61600450

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2003, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€225k+27.9%

EBIT margin-1.8%-2.8pp

Net result€-6k

Working capital€47k-10.6%

CSV export

Annual accounts & ratios

Source: NBB · 2022

Annual accounts filed on 23-07-2023 with the NBB · fiscal year 2022 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~23.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2022 · NACE 96, Personal services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	67.3%	13.4%	better than 87% of 1011 sector peers
Net result	€-6k	€327	better than 28% of 1009 sector peers
Equity	€49k	€4k	better than 86% of 1016 sector peers
Gross operating margin	€83k	€12k	better than 82% of 1007 sector peers
Staff costs	€85k	€30k	higher than 79% of 441 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P87

Stable position over 2020-2022 · n=295-1011

Net result P28

Stable position over 2020-2022 · n=295-1009

Equity P86

Stable position over 2020-2022 · n=296-1016

Gross operating margin P82

Improving position over 2020-2022 · n=295-1007

Describes the position versus peers, not a forecast.

Revenue

€225k

+27.9% 18-22

EBITDA

€-3k

- 18-22

Net profit

€-6k

- 18-22

Cash flow

€-6k

- 18-22

Total assets

€72k

-14.1% 18-22

Equity

€49k

-11.3% 18-22

Working capital

€47k

-10.6% 18-22

Employees (FTE)

2

-25.0% 18-22

Show 13 other metrics

Staff costs

€85k

+18.6% 18-22

Income taxes

€-3

+98.8% 18-22

Debt

€24k

-19.2% 18-22

Debt ≤ 1y

€24k

-19.2% 18-22

Current ratio

2.98

+6.8% 18-22

Quick ratio

2.39

+6.7% 18-22

Solvency

67.3%

+3.2% 18-22

Debt / equity

0.49

-8.9% 18-22

ROE

-12.7%

- 18-22

ROA

-8.6%

- 18-22

Net margin

-2.8%

- 18-22

EBITDA margin

-1.5%

- 18-22

Interest coverage

-1.42

- 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	€225k
EBITDA	€-3k
Net profit	€-6k
Cash flow	€-6k
Staff costs	€85k
Income taxes	-
Dividends	-
Total assets	€72k
Equity	€49k
Debt	€24k
of which ≤ 1y	€24k
of which > 1y	-
Working capital	€47k
Employees (FTE)	2.1

Ratios (computed)

	2022
Current ratio	2.98
Quick ratio	2.39
Working capital ratio	64.6%
Solvency	67.3%
Debt / equity	0.49
Long-term debt ratio	-
Interest coverage	-1.42
Gross margin	36.8%
Net margin	-2.8%
ROA	-8.6%
ROE	-12.7%
EBITDA margin	-1.5%
Days sales outstanding	10d
Days payable outstanding	37d
Inventory turnover	10.21
Days inventory (DSI)	36d

Balance-sheet composition 2022

Assets

Fixed assets €2k · 2.7% Current assets €70k · 97.3%

Equity & liabilities

Equity €49k · 67.3% Debt €24k · 32.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€72k
Fixed assets	21/28	€2k
Tangible fixed assets	22/27	€2k
Current assets	29/58	€70k
Stocks & contracts in progress	3	€14k
Amounts receivable within one year	40/41	€56k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€72k
Equity	10/15	€49k
Contributions / capital	10/11	€19k
Reserves	13	€54k
Accumulated profits (losses)	14	€-24k
Amounts payable	17/49	€24k
Amounts payable within one year	42/48	€24k
Trade debts payable within one year	44	€14k
Income statement
Turnover	70	€225k
Gross operating margin	9900	€83k
Operating result	9901	€-4k
Financial income	75	€108
Financial charges	65	€2k
Result before taxes	9903	€-6k
Net result for the period	9904	€-6k
Result to be appropriated	9905	€-6k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2022 · computed

42 / 100 Weak

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

Vinces

Adolphe Maxlaan 3, 1000 BrusselKapsalons

since 20032.133.560.926

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area60 m²

Buildings1

Building footprint62 m²

Volume (LiDAR)1,402 m³

Tallest building32.3 m · ±8 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21802B0359/00E000 ProtectedMonumentHier ist in den Kater en de KatSource ↗	Brussels	60 m²	1 · 62 m²	32.2 m · 8 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 act

All acts · 1 updated 4 years ago

2022

14-06-2022 Discharge granted to the board Director changes·Thomas Licoppe

Notary: Thomas Licoppe · AuderghemFirm: Paul DAUWE & Thomas LICOPPE, notaires associés

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

59 / 100

Mixed profile: strong on solvency, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 42

Profitability 4

Solvency 100

Growth 50

Stability 100

Credit advice

verdict per customer and amount

Similar

Similar companies

Comparable size, same sector

MIRKO

BE 0549.842.619 · Leuven

Eq €49k→

MYSTORYMOLLY

BE 0788.734.219 · Lasne

Eq €49k→

Petrosyan

BE 0785.735.137 · Ukkel

Eq €48k→

ESPERLUETTE

BE 0785.541.335 · Schaarbeek

Eq €48k→

KAPSALON FERRO

BE 0792.562.749 · Bierbeek

Eq €50k→

We hold annual accounts for 750 of the 21,778 companies in this sector. 503 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Kapsalons93021Haarverzorging96021Kappers- en barbiersactiviteiten96210

Primary activity highlighted.

Names & trade names

Legal nameFR

VINCES

Registered office

Adolphe Maxlaan 3 bus rc

1000 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.