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Le Thai

Active
Private limited companyfounded 20197 yrs activeXavier De Cocklaan 7, 9831 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0727.647.181
Summary

Le Thai has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,567 and a net result of -€7,907. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 76% of 15408 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
Le ThaiActiveChecked score 64/100
Risk analysis ReportCompare

Overview

Activity
Full-service restaurants
NACE 56111Full-service restaurants NACE 56101
1 site
Size
€35,302total assets 2025
Equity
€21,567
Loss
-€7,907
Turnover not published (abridged schema)
Financial health
64 Healthy Checked score 2025
Bankruptcy chance 12 m
1.4%
Structure
Accounts 87 d early0 of 2 deeds read
Why 64- Sector Food and beverage service activities (NACE 56)- Size: total assets €35,302+ Liquidity: current ratio 1.32, cash €8,261+ Equity €21,567 (61.1% of total assets)Show the evidence

Checked score

Score 2025
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 43% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 86-1
equity 61.1% of total assets
Liquidity 61-9
short-term debt 38.9% · cash 23.4%
Profitability 0-35
return on assets -22.4%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,482 companies)
Last 24 months 11-2024: 1.9% 12-2024: 2.0%▲ +2.3% vs 11-2024 01-2025: 1.9%▼ -2.6% vs 12-2024 02-2025: 1.9%▼ -1.4% vs 01-2025 03-2025: 1.9%▲ +0.3% vs 02-2025 04-2025: 2.1%▲ +6.8% vs 03-2025 05-2025: 2.1%▲ +3.0% vs 04-2025highest value 06-2025: 2.0%▼ -3.0% vs 05-2025 07-2025: 1.3%▼ -35.0% vs 06-2025 08-2025: 1.3%● 0.0% vs 07-2025 09-2025: 1.1%▼ -15.8% vs 08-2025 10-2025: 1.1%▲ +1.6% vs 09-2025 11-2025: 1.1%● 0.0% vs 10-2025 12-2025: 1.1%● 0.0% vs 11-2025 01-2026: 1.1%▼ -1.1% vs 12-2025 02-2026: 1.1%▼ -1.5% vs 01-2026lowest value 03-2026: 1.1%▲ +1.9% vs 02-2026 04-2026: 1.2%▲ +6.5% vs 03-2026 05-2026: 1.2%▲ +2.2% vs 04-2026 06-2026: 1.4%▲ +11.6% vs 05-2026 07-2026: 1.4%▼ -0.6% vs 06-2026 08-2026: 1.4%● 0.0% vs 07-2026 09-2026: 1.4%● 0.0% vs 08-2026 10-2026: 1.4%● 0.0% vs 09-2026
  • Sector Food and beverage service activities (NACE 56) raises the probability
  • Liquidity: current ratio 1.32, cash €8,261 lowers the probability
  • Size: total assets €35,302 raises the probability for this profile
  • Equity €21,567 (61.1% of total assets) lowers the probability
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.44 in 2024; short-term debt: 38.9% and cash: 23.4% of total assets), and 38.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 77%, liquidity 65%, profitability 8%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Liquidity: current ratio 1.32, cash €8,261
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Size: total assets €35,302
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Equity €21,567 (61.1% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€7,907
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 05-05-2026, 87 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
87 d early
2024
37 d early
2023
20 d early
2022
67 d early
2021
6 d early
2020
39 d 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 43 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 (2)
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. Usually files around 24 June (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€7,907 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Total assets 20256 fiscal years filed €35,302 View

By topic

Financials

Fiscal year
2025
Total assets
€35,302
Loss
-€7,907
Solvency
61.1%
Total assets▼ 26.0%
Net result
20202025
Go to Financials

Timeline

Events
7
Since
2021
Next accounts
by 31-07-2027
  1. 05-05-2026Annual accounts filed
  2. 24-06-2025Annual accounts filed
  3. 11-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
29-05-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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