HAO-YANG RESTAURATION
ActiveSummary
The computed 12-month bankruptcy probability of HAO-YANG RESTAURATION is 4.4% (elevated). The 2024 annual accounts show equity of €22k and a net result of €528. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 18941 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▲+51
Solvency67▲+8
Growth61▲+2
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.17 in 2023; short-term debt: 42.6% and cash: 20.8% of total assets), and 58.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
41.8%
Return on assets
1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-09-2026, 410 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
410 d late
2023
92 d late
2022
458 d late
2021
31 d late
2020
62 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€177k▲ 18.8%
2023 · €149k
2020: €108k
2021: €101k
2022: €157k
2023: €149k
2020 → 2024
EBIT margin
1.1%▲ 6.9pp
2023 · -5.8%
2020: 10.2%
2021: 13.9%
2022: 10.6%
2023: -5.8%
2020 → 2024
Net result
€528
2023 · €-13k
2020: €6k
2021: €12k
2022: €14k
2023: €-13k
2020 → 2024
Working capital
€2k▼ 51.5%
2023 · €4k
2020: €3k
2021: €16k
2022: €20k
2023: €4k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€108k-€101k▼ 7.0%€157k▲ 55.9%€149k▼ 5.1%€177k▲ 18.8%
Equity€8k-€20k▲ 154%€34k▲ 72.0%€22k▼ 36.8%€22k▲ 2.4%
Operating result€11k-€14k▲ 26.7%€17k▲ 19.3%€-9k€2k
Net result€6k-€12k▲ 106%€14k▲ 18.7%€-13k€528
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2k after a loss of €9k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53k
Fixed assets
€29k ▼ 21.6%
Current assets
€25k ▼ 11.7%
Equity and liabilities €53k
Equity
€22k ▲ 2.4%
Debt
€31k ▼ 27.3%
Debt's share of the balance-sheet total falls from 66.3% to 58.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2023 · €-760
Cash flow
€8k▲
2023 · €-5k
Current ratio
1.09▼
2023 · 1.17
Quick ratio
1.01▼
2023 · 1.05
Debt to equity
1.39▼
2023 · 1.96
ROE
2.4%▲
2023 · -58.2%
ROA
1.0%▲
2023 · -19.6%
Interest coverage
5.31▲
2023 · -0.39
Debt ≤ 1 year
€23k▼
2023 · €24k
Debt > 1 year
€8k▼
2023 · €19k
Staff costs
€27k▼
2023 · €27k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€64k€53k▼
Fixed assets21/28€37k€29k▼
Intangible fixed assets21€25k€21k▼
Tangible fixed assets22/27€12k€8k▼
Plant, machinery and equipment23€4k€1k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26-€2k
Current assets29/58€28k€25k▼
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€12k€11k▼
Other amounts receivable41€12k€11k▼
Cash at bank and in hand54/58€13k€11k▼
Deferred charges and accrued income490/1€790€774▼
Equity and liabilities
Total equity and liabilities10/49€64k€53k▼
Equity10/15€22k€22k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€20k€20k▲
Amounts payable17/49€43k€31k▼
Amounts payable after more than one year17€19k€8k▼
Financial debts170/4€19k€8k▼
Amounts payable within one year42/48€24k€23k▼
Current portion of amounts payable after more than one year42€12k€10k▼
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9€3k€3k▼
Income statement
Code20232024
Turnover70€149k€177k▲
Goods, raw materials, services and sundry goods60/61€122k€140k▲
Remuneration, social security and pensions62€27k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€465€747▲
Gross operating margin9900€27k€37k▲
Operating profit (loss)9901€-9k€2k▲
Financial income75/76B€387€499▲
Recurring financial income75€387€499▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-10k€528▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-13k€528▲
Profit (loss) for the period to be appropriated9905€-13k€528▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€20k▲
Profit (loss) brought forward from the previous period14P€32k€20k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 410 days late
2024
31-12
Financial
Back to profitnet €528
Net result €528 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 458 days late
2023
31-12
Financial
Weakest financial yearnet €-13k ▼188%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
2022
31-12
Financial
Highest result since 2020net €14k ▲18.7%
Operating result €17k, net result €14k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2019
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.
Grand-Place(HSH) 16120 Ham-sur-Heure-NalinnesGround area
78 m²
Building footprint
71 m²
Volume, LiDAR
490 m³
Parcel 56034C0047/00C000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
L'Ham
since 20192.296.442.534
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56034C0047/00C000 | Wallonia | 78 m² | 1 · 71 m² | 9.3 m · 2 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 siteHam-sur-Heure-Nalinnes2.296.442.534
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G & N
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NAZARIAN
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,974 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.