RESTAURANT CHINA
ActiveRESTAURANT CHINA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €111k and a net result of €7k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 2935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-8
Solvency96▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 3.04 in 2023; short-term debt: 25.7% and cash: 48.3% of total assets), and 29.3% 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-07-2025, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d early
2023
17 d early
2022
28 d early
2021
19 d early
2020
25 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€111k▼ 1.1%
2023 · €113k
2018: €43k
2019: €49k
2020: €62k
2021: €91k
2022: €97k
2023: €113k
2018 → 2024
Total assets
€158k▼ 5.1%
2023 · €166k
2018: €102k
2019: €95k
2020: €96k
2021: €136k
2022: €203k
2023: €166k
2018 → 2024
Net result
€7k▼ 58.9%
2023 · €17k
2018: €8k
2019: €6k
2020: €13k
2021: €29k
2022: €6k
2023: €17k
2018 → 2024
Working capital
€83k▲ 2.0%
2023 · €81k
2018: €-14k
2019: €2k
2020: €32k
2021: €63k
2022: €67k
2023: €81k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€91k▲ 46.4%€97k▲ 6.8%€113k▲ 16.1%€111k▼ 1.1%
Operating result€16k-€38k▲ 137%€10k▼ 72.8%€29k▲ 177%€14k▼ 49.9%
Net result€13k-€29k▲ 124%€6k▼ 78.6%€17k▲ 182%€7k▼ 58.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €158k
Fixed assets
€35k▼ 23.9%
Current assets
€123k▲ 2.0%
Equity and liabilities €158k
Equity
€111k▼ 1.1%
Debt
€46k▼ 13.4%
The debt ratio falls from 32.2% to 29.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€25k▼
2023 · €42k
Cash flow
€18k▼
2023 · €30k
Solvency
70.7%▲
2023 · 67.8%
Current ratio
3.04=
2023 · 3.04
Quick ratio
2.12▼
2023 · 2.30
Debt / equity
0.41▼
2023 · 0.47
ROE
6.4%▼
2023 · 15.4%
ROA
4.5%▼
2023 · 10.4%
Interest coverage
8.12▼
2023 · 10.13
Debt
€46k▼
2023 · €53k
Debt ≤ 1 year
€40k▲
2023 · €40k
Debt > 1 year
€6k▼
2023 · €14k
Income taxes
€4k▼
2023 · €10k
Staff costs
€36k▲
2023 · €34k
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€166k€158k▼
Fixed assets21/28€45k€35k▼
Tangible fixed assets22/27€45k€35k▼
Land and buildings22€19k€13k▼
Plant, machinery and equipment23€23k€20k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€121k€123k▲
Stocks and contracts in progress3€29k€37k▲
Stocks30/36€29k€37k▲
Amounts receivable within one year40/41€5k€10k▲
Other amounts receivable41€5k€10k▲
Cash at bank and in hand54/58€86k€76k▼
Equity and liabilities
Total equity and liabilities10/49€166k€158k▼
Equity10/15€113k€111k▼
Contributions10/11€33k€33k=
Outside capital11€33k€33k=
Other1109/19€33k€33k=
Reserves13€80k€79k▼
Distributable reserves133€80k€79k▼
Amounts payable17/49€53k€46k▼
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€40k€40k▲
Current portion of amounts payable after more than one year42€23k€16k▼
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45€12k€9k▼
Taxes450/3€11k€7k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48-€6k
Income statement
Code20232024
Remuneration, social security and pensions62€34k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€11k▼
Other operating charges640/8€4k€1k▼
Gross operating margin9900€80k€63k▼
Operating profit (loss)9901€29k€14k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€27k€11k▼
Income taxes67/77€10k€4k▼
Profit (loss) for the period9904€17k€7k▼
Profit (loss) for the period to be appropriated9905€17k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€7k▼
Transfer from equity791/2€2k€8k▲
Transfer to equity691/2€17k€7k▼
To other reserves6921€17k€7k▼
Profit to be distributed694/7€2k€8k▲
Return on contributions (dividend)694€2k€8k▲
Social balance
Average headcount (FTE)90873.62.4▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €113k ▲16.1%
6 profitable years in a row build equity to €113k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €6k ▼78.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €29k ▲124%
Operating result €38k, net result €29k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.84
Current ratio from 1.05 to 3.84; short-term debt falls from €46k to €11k.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Niklaas · 1 establishment unit since 1995
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.
Grote Markt 389100 Sint-NiklaasGround area
315 m²
Building footprint
491 m²
Volume, LiDAR
4,090 m³
Parcel 46443E2029/00A000, Flanders · tallest building 18.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RESTAURANT CHINA
since 19952.071.431.634
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E2029/00A000 | Flanders | 314 m² | 1 · 491 m² | 18.0 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
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Niklaas2.071.431.634
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Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 9,444 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-1995
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.