Financials
- Financial year
- 2024
- Total assets
- €267,540
- Loss
- -€21,012
- Solvency
- 18.9%
Total assets▼ 27.5%
Net result
20182024
PERLE DE SIAM
ActiveThe file of PERLE DE SIAM contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 2.7% (moderate). The 2024 annual accounts show equity of €50,448 and a net result of -€21,012. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 41% of 18,734 sector peers (NACE 56, financial year 2024).
Overview
Activity
Full-service restaurants
NACE 56111
1 site
Size
€267,540total assets 2024
- Staff
- 8.7 FTE
- Equity
- €50,448
- Loss
- -€21,012
Turnover not published (micro format)
Structure
Accounts 79 days overdue2 of 6 deeds read
Why 50raises riskSector: Food and beverage service activities (NACE 56)1 financial year not filed after the legal deadline; 2 of the last 3 lateFigures for financial year 2024 (filed 30-07-2025)lowers riskFounded in 2003Show the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 25% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency
44=
equity 18.9% of total assets
Liquidity
22-10
short-term debt 80.3% · cash 12.4%
Profitability
9-4
return on assets -7.9%
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.2%
12-2024: 2.2%● unchanged vs 11-2024
01-2025: 2.1%▼ -0.1 percentage points vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 2.0%▼ -0.1 percentage points vs 04-2025
06-2025: 1.9%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 2.1%▲ +0.2 percentage points vs 06-2025
08-2025: 2.2%▲ +0.1 percentage points vs 07-2025
09-2025: 2.2%● unchanged vs 08-2025
10-2025: 2.2%● unchanged vs 09-2025
11-2025: 2.2%● unchanged vs 10-2025
12-2025: 2.1%▼ -0.1 percentage points vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
08-2026: 2.6%
09-2026: 2.6%● unchanged vs 08-2026
10-2026: 2.7%▲ +0.1 percentage points vs 09-2026highest value
Credit of up to €2,500 on 30-day terms, only on tighter conditions: historical bankruptcy publications
Liquidity tight (current ratio 1.03, compared with 1.43 in 2023, below the usual 1.5; short-term debt: 80.3% and cash: 12.4% of total assets), and 81.1% of the assets are financed with debt and provisions.
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 41% on solvency, 18% on liquidity, 21% on profitability and 21% on growth.
The bankruptcy probability was computed on 17-10-2026 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
Eight signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€21,012
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 79 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline18-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
1 day early
2023
57 days late
2022
72 days late
2021
91 days late
2020
59 days late
2019
132 days late
← 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 68 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 (1)
- Bankruptcy reversalFrench-language Enterprise Court of Brussels…
- OpeningFrench-language Enterprise Court of Brussels…
- Resignation: Huynh NGOC (director)Appointment: Arben LALA (director) ·…
Key points
By topic
Network & group
- Connected companies
- 1
Timeline
- Events
- 25
- Since
- 2005
- 30-07-2025Annual accounts filed
- 26-09-2024Annual accounts filed
- 12-06-2024Resignation: CHOI CHI KWONG Ai-Linh (director)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Full-service restaurantsNACE 56111
- Founded
- 02-10-2003
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 26
- Annual meeting
- First Tuesday of June at 18:00
- Purpose
- “Toutes activités en rapport direct ou indirect avec la restauration en général et le…” (deed in French)
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