NEW CHINA

Active

Private limited companyfounded 198937 yrs activeTenbos 24, 1000 Brussel, BelgiumKBO/BCE: BE 0437.130.993

The computed 12-month bankruptcy probability of NEW CHINA is 1.9% (moderate). The 2024 annual accounts show equity of €102k and a net result of €34k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 18936 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

93 / 100

Excellent▼ -7 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100=

Growth78=

Stability100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity ample (current ratio 3.48 against 2.3 in 2023), and 23.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €102k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

72 d late

2022

75 d late

2021

195 d late

2020

109 d late

2019

145 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€102k▲ 49.4%

2023 · €69k

2018: €18k 2019: €20k 2020: €19k 2021: €23k 2022: €33k 2023: €69k

2018 → 2024

Total assets

€133k▲ 30.1%

2023 · €102k

2018: €27k 2019: €30k 2020: €25k 2021: €40k 2022: €61k 2023: €102k

2018 → 2024

Net result

€34k▼ 5.9%

2023 · €36k

2018: €5k 2019: €2k 2020: €-1k 2021: €4k 2022: €10k 2023: €36k

2018 → 2024

Working capital

€77k▲ 82.9%

2023 · €42k

2018: €12k 2019: €11k 2020: €12k 2021: €13k 2022: €4k 2023: €42k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€19k-€23k▲ 20.6%€33k▲ 44.3%€69k▲ 111%€102k▲ 49.4%

Operating result€-2k-€8k€14k▲ 65.5%€55k▲ 298%€50k▼ 9.8%

Net result€-1k-€4k€10k▲ 159%€36k▲ 260%€34k▼ 5.9%

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 2024; 2024 is 10% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €133k

19.3%

80.7%

Fixed assets €26k▼ 9.2%

Current assets €108k▲ 45.2%

Equity and liabilities €133k

76.8%

23.2%

Equity €102k▲ 49.4%

Debt €31k▼ 8.8%

The debt ratio falls from 33.1% to 23.2%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€54k▼

2023 · €59k

Cash flow

€38k▼

2023 · €40k

Solvency

76.8%▲

2023 · 66.9%

Current ratio

3.48▲

2023 · 2.30

Quick ratio

3.43▲

2023 · 2.24

Debt / equity

0.30▼

2023 · 0.50

ROE

33.1%▼

2023 · 52.5%

ROA

25.4%▼

2023 · 35.1%

Interest coverage

31.54▼

2023 · 44.98

Debt

€31k▼

2023 · €34k

Debt ≤ 1 year

€31k▼

2023 · €32k

Income taxes

€14k▼

2023 · €18k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€102k€133k▲

Fixed assets21/28€28k€26k▼

Tangible fixed assets22/27€28k€26k▼

Plant, machinery and equipment23€3k€3k▼

Furniture and vehicles24-€684

Other tangible fixed assets26€25k€22k▼

Current assets29/58€74k€108k▲

Stocks and contracts in progress3€2k€1k▼

Stocks30/36€2k€1k▼

Amounts receivable within one year40/41€1k€2k▲

Trade receivables40€479€1k▲

Other amounts receivable41€1k€764▼

Cash at bank and in hand54/58€69k€103k▲

Deferred charges and accrued income490/1€1k€1k▲

Equity and liabilities

Total equity and liabilities10/49€102k€133k▲

Equity10/15€69k€102k▲

Contributions10/11€19k€19k=

Reserves13€44k€77k▲

Distributable reserves133€44k€77k▲

Profit (loss) carried forward14€6k€7k▲

Amounts payable17/49€34k€31k▼

Amounts payable after more than one year17€2k-

Financial debts170/4€2k-

Amounts payable within one year42/48€32k€31k▼

Current portion of amounts payable after more than one year42€2k€2k▼

Trade debts44€3k€5k▲

Suppliers440/4€3k€5k▲

Taxes, remuneration and social security45€23k€19k▼

Taxes450/3€23k€19k▼

Other amounts payable47/48€5k€6k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲

Other operating charges640/8€2k€2k▲

Gross operating margin9900€61k€56k▼

Operating profit (loss)9901€55k€50k▼

Financial income75/76B€5€48▲

Recurring financial income75€5€48▲

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€54k€48k▼

Income taxes67/77€18k€14k▼

Profit (loss) for the period9904€36k€34k▼

Profit (loss) for the period to be appropriated9905€36k€34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€41k€40k▼

Profit (loss) brought forward from the previous period14P€5k€6k▲

Transfer to equity691/2€35k€33k▼

To other reserves6921€35k€33k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Equity above €100kEq €102k ▲49.4%

4 profitable years in a row build equity to €102k.

11-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 72 days late

2023

31-12

Financial Highest result since 2018net €36k ▲260%

Operating result €55k, net result €36k, both a record.

14-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 75 days late

11-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 195 days late

2021

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

17-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 109 days late

2020

31-12

Financial Weakest financial yearnet €-1k ▼179%

Net result drops to €-1k, the lowest in the series; recovery starts the following year.

23-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 145 days late

2019

09-12

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 131 days late

2018

27-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 88 days late

2017

29-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

27-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Brussel · 1 establishment unit since 1989

establishment approximate The establishment unit on the map

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.

Tenbos 241000 Brussel

Ground area

2,013 m²

Building footprint

880 m²

Volume, LiDAR

14,261 m³

2 parcels, Brussels · tallest building 25.3 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

SPRL NEW CHINA

Tenbosstraat 24, 1050 ElseneNACE 5530101

since 19892.043.615.103

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21447B0253/00Y005	Brussels	1,880 m²	1 · 794 m²	25.3 m · 5 fl.
21807G0164/00G002	Brussels	133 m²	1 · 86 m²	18.3 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Elsene2.043.615.103

1 permission

Toelating · Eetgelegenheid · since 01-01-2006

Similar companies · same sector, comparable size

PANNEKOEKENBAKKERIJ MAASEIK

Schaarbeek · Eq €102k

Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 9,432 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-04-1989

Fiscal year end31-12

Activities, NACEBEL

55301

56101Full-service restaurants

56111Full-service restaurants

Sources

Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.