PETIT THAI

Active

Private limited companyfounded 20215 yrs activeNederkouter 34, 9000 Gent, BelgiumKBO/BCE: BE 0766.985.433

The computed 12-month bankruptcy probability of PETIT THAI is 4.0% (moderate). The 2024 annual accounts show equity of €56k and a net result of €22k. Equity is growing by ~80.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 18941 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

47 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability64▼-12

Solvency31=

Growth78=

Track record94

Bankruptcy probability, 12 months

4.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2.5k at 30 days acceptable

Liquidity short (current ratio 0.81 against 0.79 in 2023; short-term debt: 9.9% and cash: 5.6% of total assets), and 94.2% 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

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

+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 →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

36 d early

2022

9 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

€56k▲ 67.8%

2023 · €33k

2022: €2k 2023: €33k

2022 → 2024

Total assets

€949k▲ 77.0%

2023 · €536k

2022: €517k 2023: €536k

2022 → 2024

Net result

€22k▼ 27.2%

2023 · €31k

2022: €-4k 2023: €31k

2022 → 2024

Working capital

€-18k▼ 32.9%

2023 · €-14k

2022: €-23k 2023: €-14k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€2k-€33k▲ 1,355%€56k▲ 67.8%

Operating result€11k-€46k▲ 324%€41k▼ 10.7%

Net result€-4k-€31k€22k▼ 27.2%

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 11% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €949k

91.9%

Fixed assets €872k▲ 79.8%

Current assets €76k▲ 50.6%

Equity and liabilities €949k

94.2%

Equity €56k▲ 67.8%

Debt €893k▲ 77.6%

The debt ratio rises from 93.8% to 94.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€95k▲

2023 · €77k

Cash flow

€76k▲

2023 · €62k

Solvency

5.8%▼

2023 · 6.2%

Current ratio

0.81▲

2023 · 0.79

Quick ratio

0.79▲

2023 · 0.77

Debt / equity

16.09▲

2023 · 15.20

ROE

40.4%▼

2023 · 93.1%

ROA

2.4%▼

2023 · 5.7%

Interest coverage

5.13▼

2023 · 8.31

Debt

€893k▲

2023 · €503k

Debt ≤ 1 year

€94k▲

2023 · €64k

Debt > 1 year

€797k▲

2023 · €438k

Income taxes

€0▼

2023 · €6k

Staff costs

€84k▲

2023 · €83k

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€536k€949k▲

Fixed assets21/28€485k€872k▲

Tangible fixed assets22/27€485k€872k▲

Land and buildings22€421k€397k▼

Plant, machinery and equipment23€8k€12k▲

Furniture and vehicles24€2k€5k▲

Other tangible fixed assets26€54k€459k▲

Current assets29/58€51k€76k▲

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

Stocks30/36€1k€2k▲

Amounts receivable within one year40/41€7k€21k▲

Trade receivables40€2k€21k▲

Other amounts receivable41€5k€0▼

Cash at bank and in hand54/58€42k€53k▲

Deferred charges and accrued income490/1-€926

Equity and liabilities

Total equity and liabilities10/49€536k€949k▲

Equity10/15€33k€56k▲

Contributions10/11€6k€6k=

Reserves13€26k€49k▲

Distributable reserves133€26k€49k▲

Profit (loss) carried forward14€887€307▼

Amounts payable17/49€503k€893k▲

Amounts payable after more than one year17€438k€797k▲

Financial debts170/4€438k€797k▲

Amounts payable within one year42/48€64k€94k▲

Current portion of amounts payable after more than one year42€26k€46k▲

Trade debts44€24k€31k▲

Suppliers440/4€24k€31k▲

Taxes, remuneration and social security45€14k€18k▲

Taxes450/3€3k€10k▲

Remuneration and social security454/9€12k€8k▼

Other amounts payable47/48€0-

Accrued charges and deferred income492/3€666€2k▲

Income statement Code20232024

Remuneration, social security and pensions62€83k€84k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€54k▲

Other operating charges640/8€4k€3k▼

Gross operating margin9900€163k€182k▲

Operating profit (loss)9901€46k€41k▼

Financial income75/76B€2€36▲

Recurring financial income75€2€36▲

Financial charges65/66B€9k€18k▲

Recurring financial charges65€9k€18k▲

Profit (loss) for the period before taxes9903€37k€22k▼

Income taxes67/77€6k€0▼

Profit (loss) for the period9904€31k€22k▼

Profit (loss) for the period to be appropriated9905€31k€22k▼

Appropriation of the result

Profit (loss) to be appropriated9906€27k€23k▼

Profit (loss) brought forward from the previous period14P€-4k€887▲

Transfer to equity691/2€26k€23k▼

To other reserves6921€26k€23k▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

25-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €31k

Net result €31k after one loss-making year.

09-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 9 days late

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, Gent · 1 establishment unit since 2021

establishment 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.

Nederkouter 349000 Gent

Ground area

165 m²

Building footprint

122 m²

Volume, LiDAR

1,309 m³

Parcel 44805E1062/02C000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Petit Thai

Nederkouter 34, 9000 GentFood and beverage service activities

since 20212.316.535.984

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44805E1062/02C000	Flanders	164 m²	1 · 122 m²	13.1 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.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid

Year	Entries	awarded	paid
2022	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Gent2.316.535.984

1 permission

Toelating · Eetgelegenheid · since 11-05-2021

Similar companies · same sector, comparable size

Relax

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HALPHA

BE 0872.965.950

Halle · Eq €56k

Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 9,867 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded21-04-2021

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.