CHEN & JIN · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CHEN & JIN is 2.5% (moderate). The 2023 annual accounts show equity of €190k and a net result of €16k. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 300 sector peers (fiscal year 2023). 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.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 87% of 300 peers (2023). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals

More than 3 years active

Founded in 2016, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.5% Moderate

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Higher-failure-rate region +

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€16k-39.2%

Working capital€136k+33.8%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 31-08-2024 with the NBB · fiscal year 2023 · volledig

Operating resultNet result

Trajectory (indicative)

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

growing Equity: growth of ~30.4%/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 2023 · NACE 56, Food & beverage service · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	58.9%	13.2%	better than 87% of 300 sector peers
Net result	€16k	€2k	better than 67% of 301 sector peers
Equity	€190k	€16k	better than 85% of 302 sector peers
Gross operating margin	€162k	€133k	better than 56% of 289 sector peers
Staff costs	€97k	€176k	higher than 37% of 248 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

Improving position over 2020-2023 · n=180-300

Net result P67

Weakening position over 2020-2023 · n=178-301

Equity P85

Improving position over 2020-2023 · n=182-302

Gross operating margin P56

Stable position over 2020-2023 · n=165-289

Describes the position versus peers, not a forecast.

EBITDA

€64k

+10.2% +298% vs sector

Net profit

€16k

-39.2% far above sector median

Cash flow

€56k

+10.5% +238% vs sector

Total assets

€323k

-6.5% +221% vs sector

Equity

€190k

+9.1% far above sector median

Working capital

€136k

+33.8% far above sector median

Employees (FTE)

3

+52.6% -32% vs sector

Staff costs

€97k

+105.3% +6% vs sector

Income taxes

€6k

-4.2% +292% vs sector

Debt

€133k

-22.3% +124% vs sector

Debt ≤ 1y

€95k

-21.1% +117% vs sector

Debt > 1y

€37k

-25.4% far above sector median

Current ratio

2.43

+31.8% +160% vs sector

Quick ratio

1.63

+39.7% +91% vs sector

Solvency

58.9%

+16.6% +44% vs sector

Debt / equity

0.70

-28.8% -52% vs sector

ROE

8.3%

-44.3% far above sector median

ROA

4.9%

-35.0% far above sector median

Interest coverage

22.71

-70.5% +151% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Revenue	-
EBITDA	€64k
Net profit	€16k
Cash flow	€56k
Staff costs	€97k
Income taxes	€6k
Dividends	-
Total assets	€323k
Equity	€190k
Debt	€133k
of which ≤ 1y	€95k
of which > 1y	€37k
Working capital	€136k
Employees (FTE)	2.9

Ratios (computed)

	2023
Current ratio	2.43
Quick ratio	1.63
Working capital ratio	42.2%
Solvency	58.9%
Debt / equity	0.70
Long-term debt ratio	0.20
Interest coverage	22.71
Gross margin	-
Net margin	-
ROA	4.9%
ROE	8.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €91k · 28.2% Current assets €232k · 71.8%

Equity & liabilities

Equity €190k · 58.9% Debt €133k · 41.1%

Full annual accounts

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€323k
Fixed assets	21/28	€91k
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€91k
Current assets	29/58	€232k
Stocks & contracts in progress	3	€76k
Amounts receivable within one year	40/41	€83k
Cash & bank	54/58	€73k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€323k
Equity	10/15	€190k
Contributions / capital	10/11	€8k
Reserves	13	€0
Accumulated profits (losses)	14	€182k
Amounts payable	17/49	€133k
Amounts payable after one year	17	€37k
Amounts payable within one year	42/48	€95k
Trade debts payable within one year	44	€50k
Income statement
Gross operating margin	9900	€162k
Operating result	9901	€23k
Financial income	75	€1k
Financial charges	65	€3k
Result before taxes	9903	€22k
Income taxes	67/77	€6k
Net result for the period	9904	€16k
Result to be appropriated	9905	€16k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

86 / 100 Excellent

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

3 directors

Current directors & mandates

JIN Li
Director
State Gazette act 23463340 (19-12-2023)

Current
19-12-2023 → present
2 events
- 19-12-2023 Resigned· Manager
- 19-12-2023 Appointed· Director
CHEN Yan
Director
State Gazette act 23463340 (19-12-2023)

Current
05-02-2023 → present
3 events
- 19-12-2023 Mandate renewed· Director
- 05-02-2023 Appointed· Director
- 15-03-2020 Resigned· Managing director

Former directors (1)

Chen Boxiong
Manager
State Gazette act 16162587 (28-11-2016)

Former
16-11-2016 → 15-03-2020
2 events
- 15-03-2020 Resigned· Managing director
- 16-11-2016 Appointed· Manager

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

indexing

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van eetgelegenheden met volledige bediening(56111)
Legal form	Private limited company(610)
Incorporation	15-11-2016
Status	Active
Postal code	4340

Structure & network

Locations & real estate

Establishment units

1 location

Rue de Bruxelles 79, 4340 Awans

Restaurant van het traditionele type

since 20162.258.324.306

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

Parcels1

Ground area1,692 m²

Buildings1

Building footprint329 m²

Volume (LiDAR)1,811 m³

Tallest building8.5 m · ±2 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.

Wallonia 1 (100%)