CHINEX
ActiveSummary
The computed 12-month bankruptcy probability of CHINEX is 1.6% (moderate). The 2025 annual accounts show equity of €7k and a net result of €-54. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 13417 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+11
Solvency28▼-23
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
2.8%
Return on assets
0%
Age of the figures
9 mo
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
349 d late
2023
31 d late
2022
31 d late
2021
61 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 93.1%
2024 · €96k
2018: €22k
2019: €27k▲ +19.6% vs 2018
2020: €77k▲ +187% vs 2019
2021: €116k▲ +50.1% vs 2020highest in 8 years
2022: €72k▼ -37.5% vs 2021
2023: €74k▲ +2.6% vs 2022
2024: €96k▲ +29.9% vs 2023
2025: €7k▼ -93.1% vs 2024lowest in 8 years
2018 → 2025
Total assets
€235k▼ 37.2%
2024 · €374k
2018: €296k
2019: €558k▲ +88.1% vs 2018
2020: €640k▲ +14.7% vs 2019
2021: €652k▲ +1.8% vs 2020
2022: €654k▲ +0.4% vs 2021highest in 8 years
2023: €637k▼ -2.6% vs 2022
2024: €374k▼ -41.2% vs 2023
2025: €235k▼ -37.2% vs 2024lowest in 8 years
2018 → 2025
Net result
€-54
2024 · €22k
2018: €-1k
2019: €4k▲ +434% vs 2018
2020: €50k▲ +1044% vs 2019highest in 8 years
2021: €39k▼ -23.2% vs 2020
2022: €-43k▼ -212% vs 2021lowest in 8 years
2023: €2k▲ +104% vs 2022
2024: €22k▲ +1074% vs 2023
2025: €-54▼ -100% vs 2024
2018 → 2025
Working capital
€101k▲ 25.5%
2024 · €81k
2018: €-21klowest in 8 years
2019: €5k▲ +125% vs 2018
2020: €77k▲ +1401% vs 2019
2021: €101k▲ +30.9% vs 2020
2022: €50k▼ -50.6% vs 2021
2023: €2k▼ -95.8% vs 2022
2024: €81k▲ +3799% vs 2023
2025: €101k▲ +25.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€72k▼ 37.5%€74k▲ 2.6%€96k▲ 29.9%€7k▼ 93.1%
2021: €116khighest in 5 years
2022: €72k▼ -37.5% vs 2021
2023: €74k▲ +2.6% vs 2022
2024: €96k▲ +29.9% vs 2023
2025: €7k▼ -93.1% vs 2024lowest in 5 years
Operating result€55k-€-2k€26k€52k▲ 101%€3k▼ 94.1%
2021: €55khighest in 5 years
2022: €-2k▼ -104% vs 2021lowest in 5 years
2023: €26k▲ +1178% vs 2022
2024: €52k▲ +101% vs 2023
2025: €3k▼ -94.1% vs 2024
Net result€39k-€-43k€2k€22k▲ 1,074%€-54
2021: €39khighest in 5 years
2022: €-43k▼ -212% vs 2021lowest in 5 years
2023: €2k▲ +104% vs 2022
2024: €22k▲ +1074% vs 2023
2025: €-54▼ -100% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 94% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€114k ▼ 52.4%
Current assets
€121k ▼ 9.7%
Equity and liabilities €235k
Equity
€7k ▼ 93.1%
Debt
€229k ▼ 17.8%
Debt's share of the balance-sheet total rises from 74.3% to 97.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€26k▼
2024 · €76k
Cash flow
€23k▼
2024 · €47k
Current ratio
6.13▲
2024 · 2.51
Debt to equity
34.31▲
2024 · 2.88
ROE
-0.8%▼
2024 · 23.0%
ROA
0.0%▼
2024 · 5.9%
Interest coverage
9.25▲
2024 · 3.87
Debt ≤ 1 year
€20k▼
2024 · €53k
Debt > 1 year
€209k▼
2024 · €224k
Income taxes
€307▼
2024 · €10k
Staff costs
€7k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€374k€235k▼
Fixed assets21/28€241k€114k▼
Tangible fixed assets22/27€234k€109k▼
Land and buildings22€159k€63k▼
Plant, machinery and equipment23€3k-
Furniture and vehicles24€30k€21k▼
Other tangible fixed assets26€43k€25k▼
Assets under construction and advance payments27€0-
Financial fixed assets28€6k€5k▼
Current assets29/58€134k€121k▼
Stocks and contracts in progress3€5k-
Stocks30/36€5k-
Amounts receivable within one year40/41€191€356▲
Trade receivables40€50-
Other amounts receivable41€141€356▲
Cash at bank and in hand54/58€125k€119k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€374k€235k▼
Equity10/15€96k€7k▼
Contributions10/11€19k€19k=
Reserves13€41k€18k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€39k€17k▼
Profit (loss) carried forward14€37k€-30k▼
Amounts payable17/49€278k€229k▼
Amounts payable after more than one year17€224k€209k▼
Financial debts170/4€224k€209k▼
Amounts payable within one year42/48€53k€20k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€421-
Credit institutions430/8€421-
Trade debts44€22k€7k▼
Suppliers440/4€22k€7k▼
Taxes, remuneration and social security45€23k€5k▼
Taxes450/3€17k€851▼
Remuneration and social security454/9€6k€4k▼
Other amounts payable47/48-€440
Accrued charges and deferred income492/3€525-
Income statement
Code20242025
Non-recurring operating income76A€26k€14k▼
Remuneration, social security and pensions62€18k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€23k▼
Other operating charges640/8€7k€3k▼
Gross operating margin9900€102k€36k▼
Operating profit (loss)9901€52k€3k▼
Financial income75/76B€9-
Recurring financial income75€9-
Financial charges65/66B€20k€3k▼
Recurring financial charges65€20k€3k▼
Profit (loss) for the period before taxes9903€32k€253▼
Income taxes67/77€10k€307▼
Profit (loss) for the period9904€22k€-54▼
Profit (loss) for the period to be appropriated9905€22k€-54▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€-30k▼
Profit (loss) brought forward from the previous period14P€37k€-30k▼
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €24k | - | €10k | €26k | €14k | ▼ 46.9% |
| Remuneration, social security and pensions62 | €19k | €55k | €67k | €18k | €7k | ▼ 62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €21k | €21k | €25k | €23k | ▼ 7.5% |
| Other operating charges640/8 | €9k | €8k | €4k | €7k | €3k | ▼ 54.4% |
| Gross operating margin9900 | €94k | €81k | €118k | €102k | €36k | ▼ 64.7% |
| Operating profit (loss)9901 | €55k | €-2k | €26k | €52k | €3k | ▼ 94.1% |
| Financial income75/76B | €1k | €55 | €1 | €9 | - | - |
| Recurring financial income75 | €1k | €55 | €1 | €9 | - | - |
| Financial charges65/66B | €16k | €34k | €22k | €20k | €3k | ▼ 85.9% |
| Recurring financial charges65 | €16k | €30k | €22k | €20k | €3k | ▼ 85.9% |
| Non-recurring financial charges66B | - | €4k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €40k | €-36k | €3k | €32k | €253 | ▼ 99.2% |
| Income taxes67/77 | €2k | €7k | €2k | €10k | €307 | ▼ 96.9% |
| Profit (loss) for the period9904 | €39k | €-43k | €2k | €22k | €-54 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €39k | €-43k | €2k | €22k | €-54 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €652k | €654k | €637k | €374k | €235k | ▼ 37.2% |
| Fixed assets21/28 | €464k | €539k | €577k | €241k | €114k | ▼ 52.4% |
| Tangible fixed assets22/27 | €458k | €533k | €571k | €234k | €109k | ▼ 53.4% |
| Land and buildings22 | €396k | €390k | €385k | €159k | €63k | ▼ 60.2% |
| Plant, machinery and equipment23 | €3k | €5k | €5k | €3k | - | - |
| Furniture and vehicles24 | €8k | €2k | €39k | €30k | €21k | ▼ 29.2% |
| Other tangible fixed assets26 | €49k | €41k | €49k | €43k | €25k | ▼ 41.6% |
| Assets under construction and advance payments27 | €975 | €94k | €94k | €0 | - | - |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €5k | ▼ 16.6% |
| Current assets29/58 | €188k | €116k | €60k | €134k | €121k | ▼ 9.7% |
| Stocks and contracts in progress3 | €21k | €14k | €10k | €5k | - | - |
| Stocks30/36 | €21k | €14k | €10k | €5k | - | - |
| Amounts receivable within one year40/41 | €11k | €4k | €1k | €191 | €356 | ▲ 86.6% |
| Trade receivables40 | €1k | €4k | €1k | €50 | - | - |
| Other amounts receivable41 | €10k | €816 | €286 | €141 | €356 | ▲ 153% |
| Cash at bank and in hand54/58 | €153k | €96k | €46k | €125k | €119k | ▼ 5.1% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €3k | €1k | ▼ 50.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €652k | €654k | €637k | €374k | €235k | ▼ 37.2% |
| Equity10/15 | €116k | €72k | €74k | €96k | €7k | ▼ 93.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €16k | €16k | €18k | €41k | €18k | ▼ 54.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €15k | €15k | €17k | €39k | €17k | ▼ 57.3% |
| Profit (loss) carried forward14 | €81k | €37k | €37k | €37k | €-30k | ▼ 181% |
| Amounts payable17/49 | €536k | €582k | €563k | €278k | €229k | ▼ 17.8% |
| Amounts payable after more than one year17 | €449k | €516k | €505k | €224k | €209k | ▼ 6.8% |
| Financial debts170/4 | €449k | €516k | €505k | €224k | €209k | ▼ 6.8% |
| Amounts payable within one year42/48 | €87k | €66k | €58k | €53k | €20k | ▼ 63.0% |
| Current portion of amounts payable after more than one year42 | €13k | €9k | €7k | €8k | €8k | ▲ 1.9% |
| Financial debts43 | - | - | €24 | €421 | - | - |
| Credit institutions430/8 | - | - | €24 | €421 | - | - |
| Trade debts44 | €40k | €38k | €30k | €22k | €7k | ▼ 68.0% |
| Suppliers440/4 | €40k | €38k | €30k | €22k | €7k | ▼ 68.0% |
| Taxes, remuneration and social security45 | €34k | €18k | €21k | €23k | €5k | ▼ 80.6% |
| Taxes450/3 | €25k | €8k | €9k | €17k | €851 | ▼ 95.0% |
| Remuneration and social security454/9 | €10k | €10k | €12k | €6k | €4k | ▼ 40.6% |
| Other amounts payable47/48 | - | - | - | - | €440 | - |
| Accrued charges and deferred income492/3 | - | - | - | €525 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €-43k | €2k | €22k | €-54 | ▼ 100% |
| + Depreciation and write-downs630 | €11k | €21k | €21k | €25k | €23k | ▼ 7.5% |
| Operating cash flow (approximation) | €49k | €-22k | €23k | €47k | €23k | ▼ 51.5% |
| Investment in fixed assets (approximation) | - | €-96k | €-59k | €312k | €103k | ▼ 66.9% |
| Change in cash | - | €-58k | €-49k | €79k | €-6k | ▼ 108% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 349 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 6.13
Current ratio from 2.51 to 6.13; short-term debt falls from €53k to €20k.
2024
31-12
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.04 to 2.51; short-term debt falls from €58k to €53k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €100kEq €116k ▲50.1%
3 profitable years in a row build equity to €116k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €50k ▲1,044%
Operating result €92k, net result €50k, both a record.
Show earlier events
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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, Halle · 1 establishment unit since 2017
Ground area
400 m²
Building footprint
102 m²
Volume, LiDAR
850 m³
Parcel 23027G0340/00N002, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Brusselsesteenweg 138, 1500 Halle
since 20172.299.738.554
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027G0340/00N002 | Flanders | 400 m² | 1 · 102 m² | 14.6 m · 2 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 20,495 companies in sector 56111 we hold annual accounts for 11,462. 5,851 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
Founded26-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.