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INDOCHINE

Active
Private limited companyfounded 198739 years activeLesbroussartstraat 58, 1050 Elsene, BelgiumKBO/BCE: BE 0431.882.107
Summary

INDOCHINE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €221,582 and a net result of €17,667. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 18,970 sector peers (NACE 56, fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Full-service restaurants
NACE 56111
1 site
Size
€30,000turnover 2024
Equity
€221,582
Profit
€17,667
Financial health
86 Excellent Checked score 2024
Bankruptcy probability, 12 months
0.4%
Structure
Accounts 68 days overdue0 of 3 deeds read
Why 86- Figures for FY 2024 (filed 08-07-2025)- Sector Food and beverage service activities (NACE 56)+ Founded in 1987+ Liquidity: current ratio 453.26, cash €53,943Show the evidence

Checked score

Score 2024
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 74% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Strong
Solvency 100=
equity 99.8% of total assets
Liquidity 80-8
short-term debt 0.2% · cash 24.3%
Profitability 86+13
return on assets 8.0%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,693 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.3%▲ +0.1 percentage points vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.1%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025lowest value 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value
Credit up to €3,000 at 30 days acceptable
short-term debt: 0.2% and cash: 24.3% of total assets, and 0.2% of the assets are financed with debt.
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 56, micro): better than 94% on solvency, 83% on liquidity, 73% on profitability and 45% on growth.

The bankruptcy probability was computed on 06-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1987
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Figures for FY 2024 (filed 08-07-2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 453.26, cash €53,943
NBB · annual accounts
raises risk · Sector Food and beverage service activities (NACE 56)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
24 days early
2023
25 days early
2022
26 days early
2021
41 days early
2020
58 days early
2019
62 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €17,667
  3. Liquidity times 14current ratio 453.26

Key points

  • Positive: Among the best 5% on solvencysector median 29.1% · 18,970 companies 99.8% View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Active since 1987founded 10-09-1987 39 years View

By topic

Financials

Fiscal year
2024
Turnover
€30,000
Profit
€17,667
Solvency
99.8%
Turnover▼ 3.7%
Net result
20182024
Go to Financials

Timeline

Events
18
Since
2016
  1. 06-07-2024Annual accounts filed
  2. 31-12-2023Weakest financial year
  3. 05-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
10-09-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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