Checked.be
Active
BE 0463.690.088Private limited company
ESMAEL
Liersesteenweg 175 ·3200 Aarschot, Belgium· 28 yrs active
Sector: Hairdressing and barber services
(96210)
Conclusion
ESMAEL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €15k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 37% of 4407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €46k |
| Net result | €15k |
| Staff (FTE) | 1 |
| Better than sector | 37% |
Financial profile
60
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
53
Profitability
100
Solvency
17
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1998, 28 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
53
/ 100
Fair
Computed from 5 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
€3k
estimate, not credit advice
Score history
65
2020
78
2021
66
2022
74
2023
81
2024
53
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.93 (< 1.0)
-10
Leverage
Debt/equity 7.58 (> 3.0)
-10
Profitability
ROE 32% (≥ 10%)
+10
Interest coverage
Interest coverage 3.7× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-08-2026 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.
stable
Equity: stable across 6 fiscal years (±2%/year).
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 96, Personal service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.7% | 28.3% | |
| Net result | €15k | €3k | |
| Equity | €46k | €17k | |
| Gross operating margin | €109k | €28k | |
| Staff costs | €45k | €43k |
€61k
+1.5%
20-25
€15k
+6.9%
20-25
€41k
-0.5%
20-25
€395k
-6.2%
20-25
€46k
-53.5%
20-25
€-10k
-
20-25
1
-64.3%
20-25
€45k
-16.9%
20-25
€6k
+8.7%
20-25
€68k
+493.5%
20-25
€349k
+8.3%
20-25
€141k
+70.3%
20-25
€208k
-13.1%
20-25
0.93
-41.4%
20-25
0.90
-41.1%
20-25
11.7%
-50.4%
20-25
7.58
+133.0%
20-25
32.2%
+129.9%
20-25
3.8%
+13.9%
20-25
3.73
-5.2%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €61k | €60k | €55k | €48k | €85k |
| Net profit | €15k | €14k | €9k | €8k | €40k |
| Cash flow | €41k | €41k | €37k | €36k | €59k |
| Staff costs | €45k | €54k | €58k | €73k | €49k |
| Income taxes | €6k | €5k | €5k | €4k | €18k |
| Dividends | €68k | €11k | €4k | €5k | €54k |
| Total assets | €395k | €421k | €455k | €484k | €512k |
| Equity | €46k | €99k | €97k | €92k | €89k |
| Debt | €349k | €322k | €359k | €393k | €423k |
| of which ≤ 1y | €141k | €83k | €84k | €85k | €82k |
| of which > 1y | €208k | €239k | €274k | €308k | €342k |
| Working capital | €-10k | €49k | €54k | €55k | €58k |
| Employees (FTE) | 1.0 | 2.8 | 3.9 | 2.0 | 2.0 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.93 | 1.59 | 1.64 | 1.65 | 1.70 |
| Quick ratio | 0.90 | 1.52 | 1.58 | 1.58 | 1.64 |
| Working capital ratio | -2.4% | 11.6% | 11.9% | 11.3% | 11.2% |
| Solvency | 11.7% | 23.5% | 21.2% | 18.9% | 17.3% |
| Debt / equity | 7.58 | 3.25 | 3.71 | 4.29 | 4.77 |
| Long-term debt ratio | 4.52 | 2.42 | 2.84 | 3.37 | 3.85 |
| Interest coverage | 3.73 | 3.93 | 3.74 | 4.35 | 8.25 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.8% | 3.3% | 2.0% | 1.6% | 7.9% |
| ROE | 32.2% | 14.0% | 9.2% | 8.5% | 45.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 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 | €395k | €421k | €455k | €484k | €512k |
| Fixed assets | 21/28 | €264k | €290k | €317k | €345k | €373k |
| Tangible fixed assets | 22/27 | €263k | €289k | €316k | €344k | €372k |
| Financial fixed assets | 28 | €446 | €446 | €446 | €446 | €446 |
| Current assets | 29/58 | €131k | €132k | €138k | €139k | €139k |
| Stocks & contracts in progress | 3 | €5k | €6k | €5k | €6k | €5k |
| Amounts receivable within one year | 40/41 | €42k | €30k | €36k | €39k | €38k |
| Investments | 50/53 | €25k | €21k | €21k | €21k | €21k |
| Cash & bank | 54/58 | €58k | €72k | €73k | €71k | €73k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €395k | €421k | €455k | €484k | €512k |
| Equity | 10/15 | €46k | €99k | €97k | €92k | €89k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €39k | €92k | €90k | €85k | €82k |
| Accumulated profits (losses) | 14 | €374 | €374 | €374 | €374 | €374 |
| Amounts payable | 17/49 | €349k | €322k | €359k | €393k | €423k |
| Amounts payable after one year | 17 | €208k | €239k | €274k | €308k | €342k |
| Amounts payable within one year | 42/48 | €141k | €83k | €84k | €85k | €82k |
| Trade debts payable within one year | 44 | €11k | €2k | €12k | €18k | €14k |
| Income statement | ||||||
| Gross operating margin | 9900 | €109k | €118k | €117k | €127k | €139k |
| Operating result | 9901 | €35k | €33k | €27k | €20k | €66k |
| Financial income | 75 | €2k | €2k | €2k | €3k | €3k |
| Financial charges | 65 | €16k | €15k | €15k | €11k | €10k |
| Result before taxes | 9903 | €21k | €19k | €14k | €12k | €58k |
| Income taxes | 67/77 | €6k | €5k | €5k | €4k | €18k |
| Net result for the period | 9904 | €15k | €14k | €9k | €8k | €40k |
| Result to be appropriated | 9905 | €15k | €14k | €9k | €8k | €40k |
Legal Structure
| NACE primary | Hairdressing and barber services(96210) |
| Legal form | Private limited company(610) |
| Incorporation | 30-06-1998 |
| Status | Active |
| Postal code | 3200 |
Establishment units
HEADS
since 19982.088.339.328
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24001D0068/00D006 | Flanders | 928 m² | 1 · 137 m² | 6.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
15-07
State Gazette act
Director changes
Anne Callewaert
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €8k ▼80.7%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Highest result since 2020net €40k ▲98.7%
Operating result €66k, net result €40k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 119 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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 2 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
All acts · 1
updated 2 years ago
2024
15-07-2024 Change in the board of directors
Notary:
Anne Callewaert · Aarschot
Technical details
{
"events": [],
"notary": {
"name": "Anne Callewaert",
"firm_city": null,
"firm_name": null,
"office_city": "Aarschot",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-15",
"filing_date": "2024-07-11",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
},
{
"body": "algemene_vergadering",
"date": "2024-07-10",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0463.690.088",
"name_full": "ESMAEL",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Anne Callewaert",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"expeditie van de akte",
"geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}Credit advice
Company registry (CBE)
Activities
93021Hairdressing96021Hairdressing and barber services96210
Names & trade names
| Legal nameNL | ESMAEL |
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