PHAYANAK
ActiveFrom the official registers: KBO 17 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
PHAYANAK has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,844 and a net result of €30,608. Equity has been growing by about 58% per year since 2018. Its solvency ranks better than 85% of 16,961 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 25-04-2008 Normal situation
- Activity
- Full-service restaurants NACE 56111
- Establishment unit
- 2.171.670.642 9000 Gent, since 02-06-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 23-02-2026
Board and ownership
- DAMRITAMNIJ DulpinijDirector · since 22-04-2008
- NUANSAI PayadaDirector · since 22-04-2008
- Payada Nuansai94.09%annual accounts 2019
- Dulpinij Damritamnij5.37%annual accounts 2019
- Santiphakdee Wathiraporn0.54%annual accounts 2019
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €70,018
- ▲ 0.5%
- Turnover
- ≈ €230,000
- estimated
- Profit
- €30,608
- ▲ 80.8%
- Equity
- €76,844
- ▲ 66.2%
- Total assets
- €108,182
- ▲ 34.9%
- Staff
- 1.1 FTE
- ▼ 68.6%
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Size: total assets €108,182Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 2.44, cash €31,662Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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). It does better than 85% of them on solvency, 78% on liquidity, 93% on profitability and 85% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00461275.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 17 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 66% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as PHAYANAK: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €97,900 and €118,000, founded between 2008 and 2010.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| PHAYANAK Gent | 2008 | €108,182 | €76,844 | €70,018 | - | €30,608 | 2025 |
| W.L.L. SUPER Brussel | 2009 | €104,409 | €21,572 | €67,455 | €233,000 | €14,206 | 2025 |
| DE GROENENDIJK Bornem | 2008 | €105,742 | €70,823 | €81,417 | - | €14,124 | 2025 |
| UN AIR DE FAMILLE Theux | 2010 | €117,805 | €83,094 | €68,727 | - | -€659 | 2025 |
| SARDAP Brussel | 2008 | €99,918 | €92,305 | €80,280 | €259,638 | €26,342 | 2025 |
| Gana Heist-op-den-Berg | 2009 | €97,864 | €49,350 | €76,439 | - | €3,252 | 2025 |
| EUROPE BELCHICKEN Antwerpen | 2010 | €104,050 | -€14,824 | €72,128 | - | €15,474 | 2024 |
They were chosen from the 12,110 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as PHAYANAK has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of PHAYANAK itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for PHAYANAK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €20,405 | €33,518 | €27,866 | €35,438 | €18,425 | ▼ 48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,981 | €11,067 | €10,467 | €10,757 | €12,325 | €6,431 | €8,101 | €9,403 | ▲ 16.1% |
| Other operating charges640/8 | - | - | - | €336 | €763 | €3,017 | €1,372 | €1,088 | ▼ 20.7% |
| Gross operating margin9900 | €48,150 | €37,582 | €3,632 | €49,850 | €83,317 | €41,998 | €69,660 | €70,018 | ▲ 0.5% |
| Operating profit (loss)9901 | €7,435 | -€28,921 | -€27,763 | €18,352 | €36,711 | €4,684 | €24,748 | €41,102 | ▲ 66.1% |
| Financial income75/76B | - | - | - | €10,592 | €18 | €1,243 | €86 | €84 | ▼ 3.2% |
| Recurring financial income75 | €174 | €735 | €226 | €290 | €18 | €1,243 | €86 | €84 | ▼ 3.2% |
| Non-recurring financial income76B | - | - | - | €10,302 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €900 | €2,432 | €1,485 | €1,240 | €384 | ▼ 69.0% |
| Recurring financial charges65 | €1,359 | €1,456 | €937 | €900 | €2,432 | €1,485 | €1,240 | €384 | ▼ 69.0% |
| Profit (loss) for the period before taxes9903 | €6,251 | -€29,642 | -€11,409 | €28,044 | €34,297 | €4,442 | €23,594 | €40,801 | ▲ 72.9% |
| Income taxes67/77 | €1,826 | €1,693 | -€87 | €1 | €1 | €2,980 | €6,662 | €10,193 | ▲ 53.0% |
| Profit (loss) for the period9904 | €4,425 | -€31,336 | -€11,323 | €28,043 | €34,296 | €1,462 | €16,932 | €30,608 | ▲ 80.8% |
| Profit (loss) for the period to be appropriated9905 | €4,425 | -€31,336 | -€11,323 | €28,043 | €34,296 | €1,462 | €16,932 | €30,608 | ▲ 80.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €69,170 | €59,606 | €57,255 | €84,179 | €85,544 | €48,582 | €80,214 | €108,182 | ▲ 34.9% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €49,131 | €41,869 | €31,402 | €27,379 | €37,318 | €32,811 | €33,770 | €31,792 | ▼ 5.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €49,131 | €41,869 | €31,402 | €27,379 | €29,512 | €24,974 | €24,941 | €22,906 | ▼ 8.2% |
| Plant, machinery and equipment23 | - | - | - | €2,832 | €14,453 | €12,652 | €15,090 | €16,510 | ▲ 9.4% |
| Furniture and vehicles24 | - | - | - | €10,355 | €3,396 | €3,187 | €3,245 | €2,320 | ▼ 28.5% |
| Other tangible fixed assets26 | - | - | - | €14,193 | €11,664 | €9,135 | €6,606 | €4,077 | ▼ 38.3% |
| Financial fixed assets28 | €0 | - | - | - | €7,806 | €7,838 | €8,829 | €8,886 | ▲ 0.6% |
| Current assets29/58 | €20,039 | €17,737 | €25,853 | €56,800 | €48,227 | €15,771 | €46,444 | €76,390 | ▲ 64.5% |
| Stocks and contracts in progress3 | €1,089 | €503 | €1,213 | €1,985 | €2,303 | €2,134 | €1,031 | €2,577 | ▲ 150% |
| Stocks30/36 | - | - | - | €1,985 | €2,303 | €2,134 | €1,031 | €2,577 | ▲ 150% |
| Amounts receivable within one year40/41 | €2,719 | €4,453 | €10,391 | €7,270 | €345 | €176 | €6,684 | €42,151 | ▲ 531% |
| Trade receivables40 | - | - | - | €6,088 | €345 | €176 | - | - | - |
| Other amounts receivable41 | - | - | - | €1,182 | - | - | €6,684 | €42,151 | ▲ 531% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €15,460 | €12,320 | €10,147 | €46,013 | €45,563 | €13,448 | €38,716 | €31,662 | ▼ 18.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,531 | €16 | €13 | €13 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €69,170 | €59,606 | €57,255 | €84,179 | €85,544 | €48,582 | €80,214 | €108,182 | ▲ 34.9% |
| Equity10/15 | €8,162 | -€23,174 | -€34,496 | -€6,454 | €27,842 | €29,304 | €46,236 | €76,844 | ▲ 66.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €0 | - | - | - | - | - | €25,000 | €58,000 | ▲ 132% |
| Distributable reserves133 | - | - | - | - | - | - | €25,000 | €58,000 | ▲ 132% |
| Profit (loss) carried forward14 | -€10,438 | -€41,774 | -€53,096 | -€25,054 | €9,242 | €10,704 | €2,636 | €244 | ▼ 90.7% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €61,008 | €82,780 | €91,751 | €90,632 | €57,702 | €19,278 | €33,978 | €31,338 | ▼ 7.8% |
| Amounts payable after more than one year17 | €24,475 | €16,494 | €7,739 | €1,401 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €1,401 | - | - | - | - | - |
| Amounts payable within one year42/48 | €36,532 | €66,285 | €82,898 | €89,196 | €57,702 | €19,278 | €33,978 | €31,338 | ▼ 7.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,394 | €1,401 | - | - | - | - |
| Trade debts44 | €9,922 | €20,606 | €15,196 | €8,032 | €7,936 | €9,518 | €17,240 | €7,030 | ▼ 59.2% |
| Suppliers440/4 | - | - | - | €8,032 | €7,936 | €9,518 | €17,240 | €7,030 | ▼ 59.2% |
| Taxes, remuneration and social security45 | - | - | - | €6,977 | €8,394 | €9,158 | €16,739 | €24,308 | ▲ 45.2% |
| Taxes450/3 | - | - | - | €3,019 | €3,235 | €5,591 | €14,182 | €19,333 | ▲ 36.3% |
| Remuneration and social security454/9 | - | - | - | €3,958 | €5,159 | €3,567 | €2,557 | €4,974 | ▲ 94.5% |
| Other amounts payable47/48 | - | - | - | €66,794 | €39,971 | €602 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €35 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,425 | -€31,336 | -€11,323 | €28,043 | €34,296 | €1,462 | €16,932 | €30,608 | ▲ 80.8% |
| + Depreciation and write-downs630 | €10,981 | €11,067 | €10,467 | €10,757 | €12,325 | €6,431 | €8,101 | €9,403 | ▲ 16.1% |
| Operating cash flow (approximation) | €15,406 | -€20,268 | -€855 | €38,800 | €46,620 | €7,893 | €25,033 | €40,011 | ▲ 59.8% |
| Investment in fixed assets (approximation) | - | -€3,806 | €0 | -€6,734 | -€22,263 | -€1,925 | -€9,060 | -€7,425 | ▲ 18.0% |
| Change in cash | - | -€3,141 | -€2,173 | €35,866 | -€450 | -€32,114 | €25,268 | -€7,055 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00461275 | NBB |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00302987 | |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00282072 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00386711 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20123362 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-27900398 | |
| 31-12-2019 | abbreviated format | 24-07-2020 | 2020-33800217 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-29900566 | |
| 31-12-2017 | abbreviated format | 13-07-2018 | 2018-32500543 | |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-25500336 |
Board & ownership
Directors
Owners and capital
Shareholders
3 ownersOwners 3
- Payada Nuansainatural personSourceown accounts 201994.09%
- Dulpinij Damritamnijnatural personSourceown accounts 20195.37%
- Santiphakdee Wathirapornnatural personSourceown accounts 20190.54%
Capital transactions
- 21-12-2023 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DAMRITAMNIJ Dulpinij |
|
| NUANSAI Payada |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, benoemd met of zonder beperking van duur;statutaire hoedanigheid mogelijk indien benoemd in statuten;bij gebrek aan bepaling mandaat van…”“Niet-statutaire bestuurders, algemene vergadering”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, vereffenaars”
Articles of association, deed of 21-12-2023 (in Dutch)
Network & group
Connections & network
2 current directorsThe network starts from the directors of PHAYANAK. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-12
Gazette deed
Resignations: DAMRITAMNIJ Dulpinij (statutory manager) and NUANSAI Payada (statutory manager)Appointments: DAMRITAMNIJ Dulpinij (director) and NUANSAI Payada (director) · Amendment of the articles · Capital conversion13 points ▸
- General meeting, 04-12-2023
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Director resignation, DAMRITAMNIJ Dulpinij (statutory manager)
- Director resignation, NUANSAI Payada (statutory manager)
- Director appointment, DAMRITAMNIJ Dulpinij (director (not named in the articles))
- Director appointment, NUANSAI Payada (director (not named in the articles))
- Capital
- Other provision, “TITEL III–Effecten, (...)ением” (deed in Dutch)
- Registered office clause, “Vlaanderenstraat 79, 9000 Gent” (deed in Dutch)
- Power of attorney
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202513 activities
- Het uitbaten van een restaurant,en in het bijzonder van Thaise gerechten,zowel om ter plaatse te nuttigen als om mee te nemen.Het geven van kooklessen,lessen in de kunst van het snijden van groenten en fruit.
- Restaurant van het traditionele type
- Klaarmaken,thuisbezorgen en eventueel serveren van maaltijden en bereide schotels
- Organiseren en verzorgen van bruiloften,banketten,cocktails,lunches,zakendiners,seminars,en zo verder
- Vervaardiging van bereide maaltijden en schotels
- Groot-en kleinhandel in kant-en klare maaltijden
- Café-restaurants(tavernen)
- Uitbaten van een traiteurhandel,het organiseren van party's en het geven van kooklessen
- Verschaffen van dranken en klaarmaken van lichte maaltijden die enkel met brood worden opgediend(zie soepen,croques en toasten van allerlei aard,kroketten uitgezonderd aardappelkroketten,vol-au-vents,satés,belegde broodjes,hamburgers,hot-dogs,pitta's en croissants,deegwaren,pizza's,quiches of andere taarten,koude salades,koude vleesschotels,bereide eieren,nagerechten,met name pannenkoeken,ijs,wafels,gebak,koeken,yoghurts en milkshakes).Die gerechten kunnen meegenomen worden of ter plaatse worden gebruikt
- Uitbaten van snackbar,brasserie,restaurant,al dan niet met meeneembare gerechten
- Catering en aanverwante activiteiten
- Uitbaten van restaurants,tearooms,eetcafé’s,brasserieën alsmede het geven van advies en verstrekken van diensten met betrekking tot de organisatie en het beheer van bedrijven die zulke activiteiten waarnemen
- Import-export,groot-en kleinhandel in handelsgoederen welke zonder verdere bewerking kunnen doorverkocht worden,voedingswaren,textiel,huishoudartikelen en interieurinrichting,cadeau-artikelen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44804D1672/00K003 | Flanders | 307 m² | 1 · 307 m² | 21.0 m · 2 |