NIHAO
ActiveThe computed 12-month bankruptcy probability of NIHAO is 1.6% (moderate). The 2024 annual accounts show equity of €240k and a net result of €82k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 70% of 2924 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
93
/ 100
Excellent▲ +4 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency85▲+15
Growth52=
Stability100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.4 in 2023), and 49.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
not confirmed
2024
70 d late
2023
75 d late
2022
42 d late
2021
227 d late
2020
52 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€240k▲ 2.9%
2023 · €233k
2018: €160k
2019: €152k
2020: €248k
2021: €382k
2022: €225k
2023: €233k
2018 → 2024
Total assets
€475k▼ 19.8%
2023 · €592k
2018: €277k
2019: €396k
2020: €528k
2021: €647k
2022: €722k
2023: €592k
2018 → 2024
Net result
€82k▼ 2.3%
2023 · €84k
2018: €93k
2019: €2k
2020: €136k
2021: €194k
2022: €67k
2023: €84k
2018 → 2024
Working capital
€122k▼ 14.1%
2023 · €142k
2018: €121k
2019: €117k
2020: €168k
2021: €282k
2022: €134k
2023: €142k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€248k-€382k▲ 53.8%€225k▼ 41.2%€233k▲ 3.9%€240k▲ 2.9%
Operating result€177k-€265k▲ 49.7%€98k▼ 62.9%€90k▼ 8.9%€93k▲ 3.8%
Net result€136k-€194k▲ 42.1%€67k▼ 65.6%€84k▲ 25.7%€82k▼ 2.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €475k
Fixed assets
€122k▲ 33.5%
Current assets
€352k▼ 29.6%
Equity and liabilities €475k
Equity
€240k▲ 2.9%
Provisions
€3k
Debt
€231k▼ 35.6%
The debt ratio falls from 60.6% to 48.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€118k▲
2023 · €117k
Cash flow
€107k▼
2023 · €111k
Solvency
50.6%▲
2023 · 39.4%
Current ratio
1.53▲
2023 · 1.40
Quick ratio
1.51▲
2023 · 1.38
Debt / equity
0.96▼
2023 · 1.54
ROE
34.1%▼
2023 · 35.9%
ROA
17.2%▲
2023 · 14.1%
Interest coverage
26.12▼
2023 · 103.35
Debt
€231k▼
2023 · €359k
Debt ≤ 1 year
€231k▼
2023 · €359k
Income taxes
€3k▼
2023 · €5k
Staff costs
€234k▼
2023 · €302k
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€592k€475k▼
Fixed assets21/28€92k€122k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€87k€118k▲
Land and buildings22€16k€14k▼
Plant, machinery and equipment23€28k€48k▲
Furniture and vehicles24€43k€31k▼
Other tangible fixed assets26-€25k
Financial fixed assets28€3k€3k=
Current assets29/58€500k€352k▼
Amounts receivable after more than one year29€140k€140k=
Other amounts receivable291€140k€140k=
Stocks and contracts in progress3€5k€3k▼
Stocks30/36€5k€3k▼
Amounts receivable within one year40/41€174k€62k▼
Trade receivables40€8k€9k▲
Other amounts receivable41€166k€53k▼
Current investments50/53-€0
Cash at bank and in hand54/58€102k€123k▲
Deferred charges and accrued income490/1€79k€25k▼
Equity and liabilities
Total equity and liabilities10/49€592k€475k▼
Equity10/15€233k€240k▲
Contributions10/11€6k€6k=
Reserves13€227k€237k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€26k€36k▲
Distributable reserves133€199k€199k=
Profit (loss) carried forward14-€-3k
Provisions and deferred taxes16-€3k
Deferred taxes168-€3k
Amounts payable17/49€359k€231k▼
Amounts payable within one year42/48€359k€231k▼
Current portion of amounts payable after more than one year42€18k€13k▼
Trade debts44€133k€39k▼
Suppliers440/4€133k€39k▼
Taxes, remuneration and social security45€73k€19k▼
Taxes450/3€224€121▼
Remuneration and social security454/9€73k€19k▼
Other amounts payable47/48€135k€160k▲
Accrued charges and deferred income492/3-€390
Income statement
Code20232024
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€302k€234k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€25k▼
Other operating charges640/8€3k€11k▲
Non-recurring operating charges66A€101€46k▲
Gross operating margin9900€422k€409k▼
Operating profit (loss)9901€90k€93k▲
Financial income75/76B€0€5▲
Recurring financial income75€0€5▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€88k€88k=
Transfer from deferred taxes780-€318
Transfer to deferred taxes680-€4k
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€84k€82k▼
Transfer from tax-exempt reserves789-€954
Transfer to tax-exempt reserves689-€11k
Profit (loss) for the period to be appropriated9905€84k€72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€72k▼
Transfer to equity691/2€84k€75k▼
To contributions691€75k€75k=
To other reserves6921€9k-
Social balance
Average headcount (FTE)90879.49.4=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 75 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 42 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 227 days late
2021
31-12
Financial
Highest result since 2018net €194k ▲42.1%
Operating result €265k, net result €194k, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
2020
31-12
Financial
Equity above €200kEq €248k ▲63%
3 profitable years in a row build equity to €248k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼98.4%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
KAI YUAN BELGIUM
CurrentDirector · since 22-12-2023
22-12-2023
KAI YUAN BELGIUM: Appointed as Director
22-12-2023
WU TINGTING: Resigned as Director
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2014
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.
Brusselsesteenweg 102800 MechelenGround area
151 m²
Building footprint
53 m²
Volume, LiDAR
515 m³
Parcel 12403E0227/00A005, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NIHAO
since 20142.226.673.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0227/00A005 | Flanders | 151 m² | 1 · 53 m² | 14.2 m · 3 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
1 siteMechelen2.226.673.206
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Of 21,633 companies in sector 56112 we hold annual accounts for 9,660. 6,210 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2014
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.