Checked.be
Active
BE 0658.969.696Private limited company (pre-2019)
BEAUTY EXPRESS
Waverse Steenweg 16 ·1050 Elsene, Belgium· 10 yrs active
Sector: Retail sale of cosmetics and toilet articles
(47750)
Conclusion
The computed 12-month bankruptcy probability of BEAUTY EXPRESS is 1.6% (moderate). The 2025 annual accounts show equity of €1.17M and a net result of €169k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 17540 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €1.17M |
| Net result | €169k |
| Staff (FTE) | 6.2 |
| Better than sector | 60% |
Financial profile
80
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
59
Solvency
86
Growth
68
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2016, 10 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.
Checked score
86
/ 100
Excellent
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.
Indicative credit limit
€100k
estimate, not credit advice
Score history
93
2020
100
2021
100
2022
78
2023
71
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.81 (≥ 1.5)
+10
Quick ratio
Quick ratio 0.46 (< 0.6)
-5
Leverage
Debt/equity 1.19 (< 2.0)
+3
Profitability
ROE 14% (≥ 10%)
+10
EBITDA margin
EBITDA-marge 10%
+2
Interest coverage
Interest coverage 8.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.1%/year over 6 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 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.7% | 34.6% | |
| Net result | €169k | €5k | |
| Equity | €1.17M | €44k | |
| Gross operating margin | €491k | €34k | |
| Staff costs | €190k | €40k |
€2.84M
+2.0%
20-25
€282k
+56.3%
20-25
€169k
+68.9%
20-25
€175k
+61.5%
20-25
€2.56M
+6.3%
20-25
€1.17M
+2.9%
20-25
€1.13M
+3.3%
20-25
6
0.0%
20-25
€190k
-16.7%
20-25
€74k
+30.1%
20-25
€135k
+422.7%
20-25
€1.39M
+9.4%
20-25
€1.39M
+9.4%
20-25
€12k
+100.0%
20-25
1.81
-2.6%
20-25
0.46
-21.8%
20-25
45.7%
-3.3%
20-25
1.19
+6.4%
20-25
14.4%
+64.2%
20-25
6.6%
+58.9%
20-25
6.0%
+65.6%
20-25
9.9%
+53.3%
20-25
8.71
-28.7%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | full schema |
| Revenue | €2.84M | €2.78M | - | - | €1.70M |
| EBITDA | €282k | €180k | €309k | €334k | €423k |
| Net profit | €169k | €100k | €208k | €231k | €220k |
| Cash flow | €175k | €109k | €222k | €244k | €226k |
| Staff costs | €190k | €228k | €109k | €89k | €45k |
| Income taxes | €74k | €57k | €84k | €84k | €190k |
| Dividends | €135k | €26k | €281k | - | €57k |
| Total assets | €2.56M | €2.41M | €2.42M | €1.92M | €1.27M |
| Equity | €1.17M | €1.14M | €1.06M | €1.14M | €905k |
| Debt | €1.39M | €1.27M | €1.35M | €787k | €369k |
| of which ≤ 1y | €1.39M | €1.27M | €1.35M | €775k | €363k |
| of which > 1y | - | - | - | €12k | €6k |
| Working capital | €1.13M | €1.09M | €1.01M | €1.10M | €851k |
| Employees (FTE) | 6.2 | 6.2 | 3.9 | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.81 | 1.86 | 1.75 | 2.42 | 3.35 |
| Quick ratio | 0.46 | 0.59 | 0.67 | 1.54 | 2.80 |
| Working capital ratio | 44.2% | 45.5% | 41.9% | 57.2% | 66.8% |
| Solvency | 45.7% | 47.3% | 44.0% | 59.1% | 71.1% |
| Debt / equity | 1.19 | 1.11 | 1.27 | 0.69 | 0.41 |
| Long-term debt ratio | - | - | - | 0.01 | 0.01 |
| Interest coverage | 8.71 | 12.21 | 114.42 | 27.60 | 38.02 |
| Gross margin | 17.3% | 16.3% | - | - | 27.6% |
| Net margin | 6.0% | 3.6% | - | - | 13.0% |
| ROA | 6.6% | 4.2% | 8.6% | 12.0% | 17.3% |
| ROE | 14.4% | 8.8% | 19.6% | 20.3% | 24.3% |
| EBITDA margin | 9.9% | 6.5% | - | - | 24.9% |
| Days sales outstanding | 0d | 31d | - | - | - |
| Days payable outstanding | 159d | 146d | - | - | 48d |
| Inventory turnover | 1.25 | 1.44 | - | - | 6.22 |
| Days inventory (DSI) | 293d | 254d | - | - | 59d |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.56M | €2.41M | €2.42M | €1.92M | €1.27M |
| Fixed assets | 21/28 | €40k | €44k | €50k | €48k | €60k |
| Tangible fixed assets | 22/27 | €14k | €18k | €24k | €22k | €34k |
| Financial fixed assets | 28 | €26k | €26k | €26k | €26k | €26k |
| Current assets | 29/58 | €2.52M | €2.36M | €2.37M | €1.88M | €1.21M |
| Stocks & contracts in progress | 3 | €1.88M | €1.62M | €1.47M | €686k | €198k |
| Amounts receivable within one year | 40/41 | €364k | €600k | €674k | €1.13M | - |
| Investments | 50/53 | - | - | - | - | €22k |
| Cash & bank | 54/58 | €275k | €147k | €228k | €56k | - |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.56M | €2.41M | €2.42M | €1.92M | €1.27M |
| Equity | 10/15 | €1.17M | €1.14M | €1.06M | €1.14M | €905k |
| Contributions / capital | 10/11 | €19k | €20k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €1.15M | €1.12M | €1.04M | €1.12M | €885k |
| Amounts payable | 17/49 | €1.39M | €1.27M | €1.35M | €787k | €369k |
| Amounts payable after one year | 17 | - | - | - | €12k | €6k |
| Amounts payable within one year | 42/48 | €1.39M | €1.27M | €1.35M | €775k | €363k |
| Trade debts payable within one year | 44 | €1.02M | €933k | €776k | €549k | €163k |
| Income statement | ||||||
| Turnover | 70 | €2.84M | €2.78M | - | - | €1.70M |
| Gross operating margin | 9900 | €491k | €454k | €433k | €458k | €469k |
| Operating result | 9901 | €275k | €172k | €294k | €322k | €417k |
| Financial income | 75 | - | - | - | €5k | €4k |
| Financial charges | 65 | €32k | €15k | €3k | €12k | €11k |
| Result before taxes | 9903 | €243k | €157k | €292k | €315k | €410k |
| Income taxes | 67/77 | €74k | €57k | €84k | €84k | €190k |
| Net result for the period | 9904 | €169k | €100k | €208k | €231k | €220k |
| Result to be appropriated | 9905 | €169k | €100k | €208k | €231k | €220k |
Directors & mandates
Current directors & mandates
-
Hussain BanarasDirectorState Gazette act 25032300 (10-03-2025)Current03-03-2025 → present
-
Hussain SharafatDirectorState Gazette act 25032300 (10-03-2025)Current03-03-2025 → present
Former directors (2)
-
Hussain NaveedDirectorState Gazette act 23001265 (03-01-2023)Former26-12-2022 → 03-03-2025
2 events
- 03-03-2025 Resigned· Director
- 26-12-2022 Appointed· Director
-
Ali RiasatDirectorState Gazette act 23001265 (03-01-2023)Former- → 26-12-2022
Legal Structure
| NACE primary | Retail sale of cosmetics and toilet articles(47750) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 13-07-2016 |
| Status | Active |
| Postal code | 1050 |
Establishment units
SHABA HAIR & COSMETICS
since 20172.268.993.118
Beauty World
since 20232.347.963.093
Real-estate footprint
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0752/00D000 | Brussels | 267 m² | 1 · 205 m² | 13.1 m · 4 fl. |
| 21009A0766/00X003 | Brussels | 160 m² | 1 · 160 m² | 17.4 m · 4 fl. |
| 21009A0766/00P003 | Brussels | 119 m² | 1 · 119 m² | 17.9 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
10-03
State Gazette act
Capital & shares
2024
31-12
Financial
Weakest financial yearnet €100k ▼52%
Net result drops to €100k, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
03-01
State Gazette act
Capital & shares
2022
31-12
Financial
Equity above €1MEq €1.14M ▲25.5%
3 profitable years in a row build equity to €1.14M.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 77 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 54 days late
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 135 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 2
10-03-2025
Capital change
03-01-2023
Capital change
All acts · 2
updated 1 year ago
2025
10-03-2025 Transaction in capital or shares
Technical details
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],
"share_classes_after": []
}2023
03-01-2023 All shares are now held by a single shareholder
Technical details
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}Credit advice
Company registry (CBE)
Activities
Retail sale of cosmetics and toilet articles47750
Names & trade names
| Legal nameFR | BEAUTY EXPRESS |
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