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HONGYUN

Active
Private limited companyfounded 2024active for 2 yearsBoerenstraat 7, 1040 Etterbeek, BelgiumKBO/BCE: BE 1004.160.430
Summary

The computed 12-month bankruptcy probability of HONGYUN is 1.5% (moderate). The 2025 annual accounts show negative equity (-€23,801) and a net result of -€10,482. Its solvency ranks better than 13% of 5,571 sector peers (NACE 96, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Day spas, saunas and steam baths
NACE 96230
1 site
Size
€25,116total assets 2025
Equity
-€23,801
Loss
-€10,482
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Accounts 34 days early1 of 2 deeds read
Why 53raises riskCapped at 59: negative equityFounded in 2024Negative equity -€23,801lowers riskLiquidity: current ratio 0.35, cash €14,366Size: total assets €25,116Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 19% of its sector peers (NACE 96, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -94.8% of total assets
Liquidity 50+20
short-term debt 194.8% · cash 57.2%
Profitability 0=
return on assets -41.7%
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (7,596 companies, NACE 96, micro)
Last 24 months 02-2025: 1.7% 03-2025: 1.8%▲ +0.1 percentage points vs 02-2025 04-2025: 2.1%▲ +0.3 percentage points vs 03-2025 05-2025: 2.2%▲ +0.1 percentage points vs 04-2025 06-2025: 2.4%▲ +0.2 percentage points vs 05-2025 07-2025: 2.4%● unchanged vs 06-2025 08-2025: 2.7%▲ +0.3 percentage points vs 07-2025 09-2025: 2.7%● unchanged vs 08-2025 10-2025: 2.6%▼ -0.1 percentage points vs 09-2025 11-2025: 2.6%● unchanged vs 10-2025 12-2025: 2.8%▲ +0.2 percentage points vs 11-2025 01-2026: 2.8%● unchanged vs 12-2025 02-2026: 2.9%▲ +0.1 percentage points vs 01-2026 03-2026: 2.9%● unchanged vs 02-2026 04-2026: 3.1%▲ +0.2 percentage points vs 03-2026 05-2026: 3.1%● unchanged vs 04-2026 06-2026: 3.1%● unchanged vs 05-2026 07-2026: 2.5%▼ -0.6 percentage points vs 06-2026 08-2026: 2.7%▲ +0.2 percentage points vs 07-2026 09-2026: 3.1%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 1.5%▼ -1.6 percentage points vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.35, compared with 0.33 in 2024; short-term debt: 194.8% and cash: 57.2% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 96, micro): better than 11% on solvency, 47% on liquidity, 8% on profitability and 9% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 0.35, cash €14,366
NBB · annual accounts
lowers risk · Size: total assets €25,116
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity -€23,801
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€23,801
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-06-2026, 34 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
34 days early
2024
56 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 11 days after the deadline; the sector median (NACE 96) for financial year 2024 is on the deadline day, and 48% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. General meeting · Registered-office moveGazette deed
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€23,801 View
  • Caution: Among the weakest 13% on equitysector median €15,977 · 5,584 companies -€23,801 View
  • Total assets 20252 financial years filed €25,116 View

By topic

Financials

Financial year
2025
Total assets
€25,116
Loss
-€10,482
Solvency
-94.8%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Day spas, saunas and steam bathsNACE 96230
Founded
03-01-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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