ALI BABA PALACE
ActiveThe computed 12-month bankruptcy probability of ALI BABA PALACE is 1.5% (moderate). The 2024 annual accounts show equity of €29k and a net result of €23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 18939 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+7
Solvency75▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.91 in 2023; short-term debt: 50.5% and cash: 6.9% of total assets), and 50.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.5%
Return on assets
39.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €29k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
75 d early
2022
63 d late
2021
30 d early
2020
57 d early
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€29k▲ 406%
2023 · €6k
2018: €5k
2019: €3k
2020: €-573
2021: €82
2022: €82
2023: €6k
2018 → 2024
Total assets
€59k▲ 132%
2023 · €25k
2018: €38k
2019: €39k
2020: €33k
2021: €30k
2022: €82
2023: €25k
2018 → 2024
Net result
€23k▲ 312%
2023 · €6k
2018: €-2k
2019: €-3k
2020: €-3k
2021: €655
2023: €6k
2018 → 2024
Working capital
€-20k▼ 1,102%
2023 · €-2k
2018: €5k
2019: €3k
2020: €-573
2021: €82
2023: €-2k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-573-€82€82▼ 0.3%€6k▲ 6,933%€29k▲ 406%
Operating result€-3k-€1k€7k€30k▲ 322%
Net result€-3k-€655€6k€23k▲ 312%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 322% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59k
Fixed assets
€50k▲ 564%
Current assets
€9k▼ 47.6%
Equity and liabilities €59k
Equity
€29k▲ 406%
Debt
€30k▲ 51.1%
The debt ratio falls from 77.4% to 50.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2023 · €7k
Cash flow
€30k▲
2023 · €6k
Solvency
49.5%▲
2023 · 22.6%
Current ratio
0.32▼
2023 · 0.91
Quick ratio
0.19▼
2023 · 0.72
Debt / equity
1.02▼
2023 · 3.42
ROE
80.3%▼
2023 · 98.6%
ROA
39.7%▲
2023 · 22.3%
Interest coverage
82.71
Debt
€30k▲
2023 · €20k
Debt ≤ 1 year
€30k▲
2023 · €20k
Income taxes
€6k▲
2023 · €1k
Staff costs
€135k▲
2023 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€25k€59k▲
Fixed assets21/28€7k€50k▲
Tangible fixed assets22/27€7k€47k▲
Plant, machinery and equipment23€7k€15k▲
Furniture and vehicles24-€32k
Financial fixed assets28-€3k
Current assets29/58€18k€9k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41-€2k
Trade receivables40-€2k
Cash at bank and in hand54/58€14k€4k▼
Equity and liabilities
Total equity and liabilities10/49€25k€59k▲
Equity10/15€6k€29k▲
Contributions10/11€19k€19k=
Reserves13€485€485=
Non-distributable reserves130/1€485€485=
Reserves not available under the articles1311€485€485=
Profit (loss) carried forward14€-13k€10k▲
Amounts payable17/49€20k€30k▲
Amounts payable within one year42/48€20k€30k▲
Trade debts44€3k€19k▲
Suppliers440/4€3k€19k▲
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48€9k€545▼
Income statement
Code20232024
Remuneration, social security and pensions62€21k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€254€7k▲
Other operating charges640/8-€1k
Gross operating margin9900€28k€173k▲
Operating profit (loss)9901€7k€30k▲
Financial charges65/66B-€443
Recurring financial charges65-€443
Profit (loss) for the period before taxes9903€7k€30k▲
Income taxes67/77€1k€6k▲
Profit (loss) for the period9904€6k€23k▲
Profit (loss) for the period to be appropriated9905€6k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€10k▲
Profit (loss) brought forward from the previous period14P€-19k€-13k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €23k ▲312%
Operating result €30k, net result €23k, both a record.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €655
Net result €655 after 3 loss-making years.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Beringen · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beverlosesteenweg 5043581 BeringenGround area
921 m²
Building footprint
147 m²
Volume, LiDAR
563 m³
Parcel 71005C1320/00G002, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ALI BABA PALACE
since 20082.172.406.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C1320/00G002 | Flanders | 921 m² | 1 · 147 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeringen2.172.406.159
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Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 9,423 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2008
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.