WHY NOT
ActiveSummary
WHY NOT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,241 and a net result of €3,892. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 6.54 against 2.29 in 2024; short-term debt: 14.9% and cash: 21.7% of total assets), and 14.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.1%
Return on assets
32.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
43 d late
2023
61 d late
2022
32 d late
2021
3 d late
2020
11 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€10,241▲ 61.3%
2024 · €6,350
Total assets
€12,029▲ 9.3%
2024 · €11,001
Net result
€3,892
2024 · -€2,650
Working capital
€9,907▲ 64.7%
2024 · €6,015
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,015▼ 2.9%-€1,782-€2,893▼ 62.3%-€2,535▲ 12.4%€4,270
Net result€14,541within the sector's middle half▼ 3.5%-€2,463within the sector's middle half-€3,222within the sector's middle half▼ 30.8%-€2,650within the sector's middle half▲ 17.8%€3,892within the sector's middle half
Equity€14,684within the sector's middle half▲ 10,202%€12,221within the sector's middle half▼ 16.8%€8,999within the sector's middle half▼ 26.4%€6,350within the sector's middle half▼ 29.4%€10,241within the sector's middle half▲ 61.3%
Total assets€14,891below the sector's middle half▼ 11.1%€12,764below the sector's middle half▼ 14.3%€12,703below the sector's middle half▼ 0.5%€11,001below the sector's middle half▼ 13.4%€12,029below the sector's middle half▲ 9.3%
Debt€207▼ 98.8%€543▲ 162%€3,703▲ 582%€4,652▲ 25.6%€1,788▼ 61.6%
Working capital€10,801€9,645▼ 10.7%€7,544▼ 21.8%€6,015▼ 20.3%€9,907▲ 64.7%
Solvency98.6%above the sector's middle half▲ 97.8pp95.7%above the sector's middle half▼ 2.9pp70.8%above the sector's middle half▼ 24.9pp57.7%within the sector's middle half▼ 13.1pp85.1%above the sector's middle half▲ 27.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,270 after a loss of €2,535 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,029
Fixed assets
€334 =
Current assets
€11,695 ▲ 9.6%
Equity and liabilities €12,029
Equity
€10,241 ▲ 61.3%
Debt
€1,788 ▼ 61.6%
Debt's share of the balance-sheet total falls from 42.3% to 14.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
6.54▲
2024 · 2.29
Quick ratio
6.36▲
2024 · 2.26
Debt to equity
0.17▼
2024 · 0.73
ROE
38.0%▲
2024 · -41.7%
ROA
32.4%▲
2024 · -24.1%
Debt ≤ 1 year
€1,788▼
2024 · €4,652
Income taxes
€38▼
2024 · €53
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,500 | €6,300 | - | - | - | - |
| Remuneration, social security and pensions62 | €3,807 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,009 | €1,307 | €1,121 | €1,121 | - | - |
| Other operating charges640/8 | €359 | €129 | €498 | €997 | €882 | ▼ 11.5% |
| Gross operating margin9900 | €21,190 | -€346 | -€1,274 | -€417 | €5,152 | ▲ 1,335% |
| Operating profit (loss)9901 | €15,015 | -€1,782 | -€2,893 | -€2,535 | €4,270 | ▲ 268% |
| Financial income75/76B | €8 | €479 | €271 | €329 | €312 | ▼ 5.3% |
| Recurring financial income75 | €8 | €479 | €271 | €329 | €312 | ▼ 5.3% |
| Financial charges65/66B | €226 | €1,081 | €514 | €391 | €652 | ▲ 66.7% |
| Recurring financial charges65 | €226 | €1,081 | €514 | €391 | €652 | ▲ 66.7% |
| Profit (loss) for the period before taxes9903 | €14,796 | -€2,384 | -€3,136 | -€2,597 | €3,930 | ▲ 251% |
| Income taxes67/77 | €255 | €79 | €85 | €53 | €38 | ▼ 27.9% |
| Profit (loss) for the period9904 | €14,541 | -€2,463 | -€3,222 | -€2,650 | €3,892 | ▲ 247% |
| Profit (loss) for the period to be appropriated9905 | €14,541 | -€2,463 | -€3,222 | -€2,650 | €3,892 | ▲ 247% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,891 | €12,764 | €12,703 | €11,001 | €12,029 | ▲ 9.3% |
| Fixed assets21/28 | €3,883 | €2,576 | €1,455 | €334 | €334 | = |
| Tangible fixed assets22/27 | €3,548 | €2,242 | €1,121 | - | - | - |
| Plant, machinery and equipment23 | €186 | €0 | - | - | - | - |
| Furniture and vehicles24 | €0 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €3,362 | €2,242 | €1,121 | - | - | - |
| Financial fixed assets28 | €334 | €334 | €334 | €334 | €334 | = |
| Current assets29/58 | €11,008 | €10,188 | €11,247 | €10,667 | €11,695 | ▲ 9.6% |
| Stocks and contracts in progress3 | - | €400 | €214 | €173 | €317 | ▲ 83.1% |
| Stocks30/36 | - | €400 | €214 | €173 | €317 | ▲ 83.1% |
| Amounts receivable within one year40/41 | €7,548 | €5,393 | €6,201 | €5,762 | €7,182 | ▲ 24.7% |
| Trade receivables40 | €267 | €553 | €893 | €689 | €237 | ▼ 65.5% |
| Other amounts receivable41 | €7,281 | €4,839 | €5,308 | €5,073 | €6,945 | ▲ 36.9% |
| Cash at bank and in hand54/58 | €2,253 | €2,223 | €3,057 | €3,126 | €2,611 | ▼ 16.5% |
| Deferred charges and accrued income490/1 | €1,207 | €2,172 | €1,775 | €1,606 | €1,585 | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,891 | €12,764 | €12,703 | €11,001 | €12,029 | ▲ 9.3% |
| Equity10/15 | €14,684 | €12,221 | €8,999 | €6,350 | €10,241 | ▲ 61.3% |
| Contributions10/11 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Outside capital11 | €12,500 | - | - | - | - | - |
| Other1109/19 | €12,500 | - | - | - | - | - |
| Profit (loss) carried forward14 | €2,184 | -€279 | -€3,501 | -€6,150 | -€2,259 | ▲ 63.3% |
| Amounts payable17/49 | €207 | €543 | €3,703 | €4,652 | €1,788 | ▼ 61.6% |
| Amounts payable within one year42/48 | €207 | €543 | €3,703 | €4,652 | €1,788 | ▼ 61.6% |
| Trade debts44 | €116 | €451 | €1,195 | €663 | - | - |
| Suppliers440/4 | €116 | €451 | €1,195 | €663 | - | - |
| Taxes, remuneration and social security45 | €91 | €92 | €2,508 | €3,989 | €1,788 | ▼ 55.2% |
| Taxes450/3 | €91 | €92 | €1,258 | €2,339 | €38 | ▼ 98.4% |
| Remuneration and social security454/9 | - | - | €1,250 | €1,650 | €1,750 | ▲ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,541 | -€2,463 | -€3,222 | -€2,650 | €3,892 | ▲ 247% |
| + Depreciation and write-downs630 | €2,009 | €1,307 | €1,121 | €1,121 | - | - |
| Operating cash flow (approximation) | €16,551 | -€1,156 | -€2,101 | -€1,529 | €3,892 | ▲ 355% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€29 | €834 | €69 | -€516 | ▼ 843% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €3,892
Net result €3,892 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 6.54
Current ratio from 2.29 to 6.54; short-term debt falls from €4,652 to €1,788.
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Liquidity times 81current ratio 53.22
Current ratio from 0.65 to 53.22; short-term debt falls from €16,610 to €207.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €15,076
Net result €15,076 after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet -€9,194
Net result drops to -€9,194, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mons · 1 establishment unit since 2014
Ground area
216 m²
Building footprint
69 m²
Volume, LiDAR
311 m³
Parcel 53059C0126/00B005, Wallonia · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Why Not
since 20142.235.483.378
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53059C0126/00B005 | Wallonia | 216 m² | 1 · 69 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. 2,277 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 (pre-2019)
Founded15-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0561930797
Registered
20-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.