PATTAYA
ActiveThe computed 12-month bankruptcy probability of PATTAYA is 1.5% (moderate). The 2025 annual accounts show equity of €122k and a net result of €-9k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 3644 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability40▼-37
Solvency50▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.16 in 2024; short-term debt: 70.1% and cash: 1.4% of total assets), and 74.5% of the assets are financed with debt.
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
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.5%
Return on assets
-1.9%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-12-2025, 33 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
33 d late
2024
31 d early
2023
6 d late
2022
57 d early
2021
1 d late
2020
35 d late
2019
41 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close18-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€122k▼ 6.8%
2024 · €130k
2019: €-111k
2020: €-97k
2021: €-16k
2022: €96k
2023: €105k
2024: €130k
2019 → 2025
Total assets
€477k▲ 27.1%
2024 · €375k
2019: €372k
2020: €315k
2021: €329k
2022: €426k
2023: €529k
2024: €375k
2019 → 2025
Net result
€-9k
2024 · €25k
2019: €77k
2020: €15k
2021: €81k
2022: €112k
2023: €9k
2024: €25k
2019 → 2025
Working capital
€-18k
2024 · €36k
2019: €31k
2020: €5k
2021: €93k
2022: €162k
2023: €81k
2024: €36k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-16k-€96k€105k▲ 9.5%€130k▲ 24.0%€122k▼ 6.8%
Operating result€68k-€103k▲ 50.8%€48k▼ 53.2%€33k▼ 32.0%€3k▼ 91.8%
Net result€81k-€112k▲ 38.8%€9k▼ 91.9%€25k▲ 178%€-9k
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 has fallen three years in a row; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €462k
Fixed assets
€146k▲ 54.9%
Current assets
€316k▲ 19.7%
Equity and liabilities €477k
Equity
€122k▼ 6.8%
Debt
€356k▲ 45.2%
The debt ratio rises from 65.3% to 74.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▼
2024 · €57k
Cash flow
€21k▼
2024 · €49k
Solvency
25.5%▼
2024 · 34.7%
Current ratio
0.95▼
2024 · 1.16
Quick ratio
0.89▼
2024 · 1.09
Debt / equity
2.93▲
2024 · 1.88
ROE
-7.3%▼
2024 · 19.3%
ROA
-1.9%▼
2024 · 6.7%
Interest coverage
2.82▼
2024 · 10.40
Debt
€356k▲
2024 · €245k
Debt ≤ 1 year
€334k▲
2024 · €228k
Debt > 1 year
€21k▲
2024 · €17k
Income taxes
€543▼
2024 · €3k
Staff costs
€322k▲
2024 · €294k
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€375k€477k▲
Formation expenses20€17k€15k▼
Fixed assets21/28€94k€146k▲
Tangible fixed assets22/27€88k€140k▲
Land and buildings22€43k€88k▲
Plant, machinery and equipment23€37k€35k▼
Furniture and vehicles24€8k€16k▲
Financial fixed assets28€7k€7k▼
Current assets29/58€264k€316k▲
Stocks and contracts in progress3€15k€19k▲
Stocks30/36€15k€19k▲
Amounts receivable within one year40/41€55k€57k▲
Trade receivables40€28k€18k▼
Other amounts receivable41€27k€39k▲
Current investments50/53-€220k
Cash at bank and in hand54/58€194k€7k▼
Deferred charges and accrued income490/1-€13k
Equity and liabilities
Total equity and liabilities10/49€375k€477k▲
Equity10/15€130k€122k▼
Contributions10/11€236k€236k=
Reserves13€5k€5k=
Non-distributable reserves130/1€472€0▼
Reserves not available under the articles1311€472€0▼
Tax-exempt reserves132€4k€4k=
Distributable reserves133-€472
Profit (loss) carried forward14€-110k€-119k▼
Amounts payable17/49€245k€356k▲
Amounts payable after more than one year17€17k€21k▲
Financial debts170/4€17k€21k▲
Amounts payable within one year42/48€228k€334k▲
Current portion of amounts payable after more than one year42€39k€102k▲
Trade debts44€128k€200k▲
Suppliers440/4€114k€200k▲
Bills of exchange payable441€14k-
Advances received on contracts in progress46-€6k
Taxes, remuneration and social security45€48k€26k▼
Taxes450/3€14k€11k▼
Remuneration and social security454/9€34k€15k▼
Other amounts payable47/48€13k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€294k€322k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€30k▲
Other operating charges640/8€3k€7k▲
Gross operating margin9900€353k€361k▲
Operating profit (loss)9901€33k€3k▼
Financial income75/76B€1k€439▼
Recurring financial income75€1k€439▼
Financial charges65/66B€5k€11k▲
Recurring financial charges65€5k€11k▲
Profit (loss) for the period before taxes9903€29k€-8k▼
Income taxes67/77€3k€543▼
Profit (loss) for the period9904€25k€-9k▼
Profit (loss) for the period to be appropriated9905€25k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-119k▼
Profit (loss) brought forward from the previous period14P€-136k€-110k▲
Social balance
Average headcount (FTE)9087-9.5
The notes to these accounts (15 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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 33 days late
31-03
Financial
Weakest financial yearnet €-9k ▼135%
Net result drops to €-9k, the lowest in the series.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
31-03
Financial
Equity above €100kEq €105k ▲9.5%
5 profitable years in a row build equity to €105k.
2022
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €112k ▲38.8%
Operating result €103k, net result €112k, both a record.
2021
01-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2020
05-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 35 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Evergem · 1 establishment unit since 2002
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.
Hooiwege 499940 EvergemGround area
1,440 m²
Building footprint
520 m²
Volume, LiDAR
2,689 m³
Parcel 44066D0034/00L000, Flanders · tallest building 11.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
PATTAYA
since 20022.132.632.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066D0034/00L000 | Flanders | 1,440 m² | 1 · 520 m² | 11.0 m · 1 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 siteEvergem2.132.632.102
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Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 9,339 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2002
Fiscal year end31-03
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.