KRUA THAI
ActiveThe computed 12-month bankruptcy probability of KRUA THAI is 1.6% (moderate). The 2025 annual accounts show equity of €143k and a net result of €2k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 13306 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
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-17
Solvency100▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 4.56 against 2.4 in 2024; short-term debt: 20.7% and cash: 56.4% of total assets), and 20.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.3%
Return on assets
1.4%
Age of the figures
9 mo
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
7 d early
2023
19 d early
2022
18 d early
2021
11 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€143k▲ 1.8%
2024 · €140k
2018: €116k
2019: €138k
2020: €116k
2021: €125k
2022: €148k
2023: €128k
2024: €140k
2018 → 2025
Total assets
€180k▼ 20.9%
2024 · €227k
2018: €146k
2019: €180k
2020: €130k
2021: €181k
2022: €195k
2023: €243k
2024: €227k
2018 → 2025
Net result
€2k▼ 92.7%
2024 · €34k
2018: €23k
2019: €22k
2020: €-22k
2021: €20k
2022: €22k
2023: €3k
2024: €34k
2018 → 2025
Working capital
€133k▲ 9.4%
2024 · €121k
2018: €112k
2019: €134k
2020: €97k
2021: €103k
2022: €120k
2023: €104k
2024: €121k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€148k▲ 17.7%€128k▼ 13.5%€140k▲ 9.6%€143k▲ 1.8%
Operating result€24k-€27k▲ 16.1%€8k▼ 71.0%€56k▲ 613%€6k▼ 89.1%
Net result€20k-€22k▲ 8.9%€3k▼ 87.7%€34k▲ 1,139%€2k▼ 92.7%
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 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€10k▼ 49.1%
Current assets
€170k▼ 18.3%
Equity and liabilities €180k
Equity
€143k▲ 1.8%
Debt
€37k▼ 57.3%
The debt ratio falls from 38.4% to 20.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €69k
Cash flow
€12k▼
2024 · €46k
Solvency
79.3%▲
2024 · 61.6%
Current ratio
4.56▲
2024 · 2.40
Quick ratio
4.37▲
2024 · 2.32
Debt / equity
0.26▼
2024 · 0.62
ROE
1.7%▼
2024 · 24.2%
ROA
1.4%▼
2024 · 14.9%
Interest coverage
15.54▼
2024 · 25.66
Debt
€37k▼
2024 · €87k
Debt ≤ 1 year
€37k▼
2024 · €87k
Income taxes
€3k▼
2024 · €20k
Staff costs
€151k▲
2024 · €141k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€227k€180k▼
Fixed assets21/28€19k€10k▼
Tangible fixed assets22/27€16k€7k▼
Plant, machinery and equipment23€8k€4k▼
Furniture and vehicles24€9k€3k▼
Financial fixed assets28€2k€2k=
Current assets29/58€208k€170k▼
Stocks and contracts in progress3€7k€7k▲
Stocks30/36€7k€7k▲
Amounts receivable within one year40/41€66k€61k▼
Other amounts receivable41€66k€61k▼
Cash at bank and in hand54/58€136k€101k▼
Deferred charges and accrued income490/1-€902
Equity and liabilities
Total equity and liabilities10/49€227k€180k▼
Equity10/15€140k€143k▲
Contributions10/11€6k€6k=
Reserves13€93k€95k▲
Tax-exempt reserves132€12k€12k=
Distributable reserves133€81k€84k▲
Profit (loss) carried forward14€41k€41k=
Amounts payable17/49€87k€37k▼
Amounts payable within one year42/48€87k€37k▼
Current portion of amounts payable after more than one year42€4k-
Financial debts43€1k€1k▼
Credit institutions430/8€1k€1k▼
Trade debts44€14k€10k▼
Suppliers440/4€14k€10k▼
Advances received on contracts in progress46-€783
Taxes, remuneration and social security45€47k€25k▼
Taxes450/3€24k€2k▼
Remuneration and social security454/9€23k€23k▼
Other amounts payable47/48€20k-
Accrued charges and deferred income492/3€335-
Income statement
Code20242025
Remuneration, social security and pensions62€141k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€9k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€212k€169k▼
Operating profit (loss)9901€56k€6k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€995▼
Recurring financial charges65€3k€995▼
Profit (loss) for the period before taxes9903€54k€5k▼
Income taxes67/77€20k€3k▼
Profit (loss) for the period9904€34k€2k▼
Profit (loss) for the period to be appropriated9905€34k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€43k▼
Profit (loss) brought forward from the previous period14P€41k€41k=
Transfer from equity791/2€22k-
Transfer to equity691/2€34k€2k▼
To other reserves6921€34k€2k▼
Profit to be distributed694/7€22k-
Return on contributions (dividend)694€22k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €34k ▲1139%
Operating result €56k, net result €34k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-22k ▼204%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Antwerpen · 2 establishment units since 2009
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.
Pelgrimstraat 132000 AntwerpenGround area
206 m²
Building footprint
135 m²
Volume, LiDAR
1,504 m³
2 parcels, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
KRUA THAI
since 20092.179.409.262
Royal Thai
since 20202.299.171.501
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D0431/00A000 | Flanders | 163 m² | 1 · 92 m² | 16.1 m · 3 fl. |
| 11804D0416/00B000 | Flanders | 43 m² | 1 · 43 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
2 sitesAntwerpen2.179.409.262
Antwerpen2.299.171.501
Similar companies · same sector, comparable size
Bellest
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HET EETSTERREKE
BE 0864.127.369
Dessel · Eq €142k
LA SCALA
BE 0459.866.508
Aubel · Eq €142k
BRASSERIE SURPLACE
BE 0474.891.016
Brugge · Eq €143k
KUSMA
BE 0684.508.907
Gent · Eq €142k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,127 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2009
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.