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Nara Thai

Active
Private limited companyfounded 2004active for 22 yearsBergstraat 119, 2220 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0867.867.413
Summary

Nara Thai has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,786 and a net result of -€3,380. Equity is shrinking by about 33% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 74% of 16,452 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Overview

Activity
Full-service restaurants
NACE 56111
1 site
Size
€11,846total assets 2025
Equity
€6,786
Loss
-€3,380
Turnover not published (micro format)
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Structure
Accounts on time1 of 5 deeds read
Why 68raises risk1 change of registered office in 24 monthsSector: Food and beverage service activities (NACE 56)Loss of €3,380, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 2.34, cash €10,821Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 46% of its sector peers (NACE 56, micro)
Financial strength · tick = 2024
Average
Solvency 82-5
equity 57.3% of total assets
Liquidity 80-3
short-term debt 42.7% · cash 91.4%
Profitability 0=
return on assets -28.5%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,728 companies, NACE 56, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025lowest value 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.5%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%▼ -0.3 percentage points vs 05-2026 07-2026: 0.8%▲ +0.5 percentage points vs 06-2026highest value 08-2026: 0.8%● unchanged vs 07-2026highest value 09-2026: 0.8%● unchanged vs 08-2026highest value 10-2026: 0.8%● unchanged vs 09-2026highest value
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 74% on solvency, 83% on liquidity, 8% on profitability and 19% on growth.

The bankruptcy probability was computed on 15-10-2026 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
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
lowers risk · Liquidity: current ratio 2.34, cash €10,821
NBB · annual accounts
raises risk · Loss of €3,380, the second in a row (financial year 2025)
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 -€3,380
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
15 days late
2023
29 days late
2022
2 days early
2021
31 days late
2020
11 days late
2018
3 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 15 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end16-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations: BUTS Ivo (manager and director)…Appointment: SHAHI Kumar (director) ·…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Board changedlatest change 25-06-2026 · 1 in office 1 joined · 2 left View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€3,380 View
  • Total assets 20256 financial years filed €11,846 View

By topic

Financials

Financial year
2025
Total assets
€11,846
Loss
-€3,380
Solvency
57.3%
Total assets▼ 27.4%
Net result
20202025
Go to Financials

Timeline

Events
23
Since
2006
Next accounts
by 30-04-2027
  1. 30-09-2024Weakest financial year
  2. 29-05-2024Annual accounts filed
  3. 30-09-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Full-service restaurantsNACE 56111
Founded
15-10-2004
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
61
Annual meeting
Third Tuesday of March at 20:00
Purpose
“Alle activiteiten in de horecasector en het horecabedrijf in de ruimste zin van het woord…” (deed in Dutch)
Go to Articles of association

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