LE SHANGHAI
ActiveThe computed 12-month bankruptcy probability of LE SHANGHAI is 1.7% (moderate). The 2025 annual accounts show equity of €808k and a net result of €5k. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 84% of 3619 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-32
Solvency93▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 3.29 in 2024; short-term debt: 31.7% and cash: 76.7% of total assets), and 31.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
68.2%
Return on assets
0.4%
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
29 d late
2023
30 d late
2022
31 d late
2021
29 d late
2020
31 d late
2019
56 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5k▼ 90.8%
2024 · €52k
2018: €41k
2019: €96k
2020: €8k
2021: €150k
2022: €189k
2023: €46k
2024: €52k
2018 → 2025
Working capital
€762k▼ 0.9%
2024 · €769k
2018: €175k
2019: €230k
2020: €272k
2021: €441k
2022: €654k
2023: €711k
2024: €769k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€516k-€705k▲ 36.6%€751k▲ 6.5%€803k▲ 6.9%€808k▲ 0.6%
Operating result€206k-€272k▲ 32.2%€77k▼ 71.8%€91k▲ 18.9%€29k▼ 68.7%
Net result€150k-€189k▲ 25.9%€46k▼ 75.7%€52k▲ 13.4%€5k▼ 90.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€46k▲ 36.3%
Current assets
€1.14M▲ 3.0%
Equity and liabilities €1.18M
Equity
€808k▲ 0.6%
Debt
€376k▲ 12.1%
The debt ratio rises from 29.5% to 31.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €104k
Cash flow
€19k▼
2024 · €64k
Solvency
68.2%▼
2024 · 70.5%
Current ratio
3.03▼
2024 · 3.29
Quick ratio
3.02▼
2024 · 3.28
Debt / equity
0.47▲
2024 · 0.42
ROE
0.6%▼
2024 · 6.5%
ROA
0.4%▼
2024 · 4.6%
Interest coverage
2.06▼
2024 · 5.25
Debt
€376k▲
2024 · €336k
Debt ≤ 1 year
€375k▲
2024 · €336k
Income taxes
€3k▼
2024 · €19k
Staff costs
€876k▲
2024 · €858k
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€1.14M€1.18M▲
Fixed assets21/28€34k€46k▲
Tangible fixed assets22/27€30k€39k▲
Plant, machinery and equipment23€18k€21k▲
Furniture and vehicles24€370€216▼
Other tangible fixed assets26€11k€18k▲
Financial fixed assets28€4k€7k▲
Current assets29/58€1.10M€1.14M▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€251k€221k▼
Trade receivables40€41k€2k▼
Other amounts receivable41€211k€219k▲
Cash at bank and in hand54/58€843k€908k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.18M▲
Equity10/15€803k€808k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€740k€744k▲
Distributable reserves133€740k€744k▲
Profit (loss) carried forward14€45k€45k=
Amounts payable17/49€336k€376k▲
Amounts payable within one year42/48€336k€375k▲
Trade debts44€181k€258k▲
Suppliers440/4€181k€258k▲
Taxes, remuneration and social security45€155k€117k▼
Taxes450/3€40k€33k▼
Remuneration and social security454/9€114k€83k▼
Accrued charges and deferred income492/3-€998
Income statement
Code20242025
Remuneration, social security and pensions62€858k€876k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€14k€13k▼
Gross operating margin9900€975k€931k▼
Operating profit (loss)9901€91k€29k▼
Financial income75/76B€15€7▼
Recurring financial income75€15€7▼
Financial charges65/66B€20k€20k▲
Recurring financial charges65€20k€20k▲
Profit (loss) for the period before taxes9903€71k€8k▼
Income taxes67/77€19k€3k▼
Profit (loss) for the period9904€52k€5k▼
Profit (loss) for the period to be appropriated9905€52k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€97k€49k▼
Profit (loss) brought forward from the previous period14P€45k€45k=
Transfer to equity691/2€52k€5k▼
To other reserves6921€52k€5k▼
Social balance
Average headcount (FTE)908719.118.0▼
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €5k ▼90.8%
Net result drops to €5k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €189k ▲25.9%
Operating result €272k, net result €189k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Equity above €500kEq €516k ▲41%
4 profitable years in a row build equity to €516k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Liège · 3 establishment units since 1997
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.
Rue Charles-Magnette 60/1024000 LiègeGround area
1,298 m²
Building footprint
625 m²
Volume, LiDAR
17,555 m³
Parcel 62063A1537/00V000, Wallonia · tallest building 32.7 m, ±9 floors. Linked by address, not a title deed.
3 establishment units
Galerie Cathédrale 102, 4000 Liège
since 19972.083.959.183
Le Bol du Shanghaï
since 20202.312.902.741
Cuisine Le Bol du Shangai
since 20222.334.818.110
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A1537/00V000 | Wallonia | 1,298 m² | 1 · 625 m² | 32.7 m · 9 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
2 sitesLiège2.083.959.183
Liège2.334.818.110
Similar companies · same sector, comparable size
VIVENDUM
BE 0871.860.843
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CATHOM
BE 0812.311.652
Dilbeek · Eq €808k
ISOLA
BE 0459.799.103
Rixensart · Eq €807k
AUB.SVP
BE 0500.478.725
Hasselt · Eq €806k
Gustart
BE 0804.738.724
Antwerpen · Eq €806k
Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 4,867 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-1997
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.