Equity
-€3,028
Debts exceed assets in financial year 2025.
San Ren Xing
Lifetime
2 annual accounts with figures on one time axispeak €4,895 (2025)
€4,895▲ €11,948
lowest -€8,607 (2024)
-€3,421▲ €5,186
peak €393 (2024)
-€3,028▼ €3,421
€22,060▼ 23.3%
Board3 names since 2024
3 directorsCHANG Hui and 2 others
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from -€7,053 to €4,895Loss of €3,421Equity from €393 to -€3,028Debts from €28,757 to €22,060Cash from €630 to €4,838
Key points
from the 2025 annual accountsLosses
-€12,028 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €40,000 estimated
The abbreviated format states no turnover.
Debts
€22,060 116% of the balance sheet
Suppliers 6%Taxes and wages 43%Other 51%
Of this, €21,054 falls due within a year.
Starting capital
€9,000 300 shares
Position in the sector
-15.9%
Lower solvency than 82% of companies in food and beverage service. Sector median 29.8% · 4,845 companies.
2025 accounts filed 28 days after the deadline
Checked score
48
Fair
Financially stronger than 18% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 3.9%
08-2025: 3.9%● unchanged vs 07-2025
09-2025: 4.0%▲ +0.1 percentage points vs 08-2025
10-2025: 4.4%▲ +0.4 percentage points vs 09-2025
11-2025: 4.4%● unchanged vs 10-2025
12-2025: 4.6%▲ +0.2 percentage points vs 11-2025
01-2026: 4.5%▼ -0.1 percentage points vs 12-2025
02-2026: 4.8%▲ +0.3 percentage points vs 01-2026
03-2026: 4.9%▲ +0.1 percentage points vs 02-2026
04-2026: 5.0%▲ +0.1 percentage points vs 03-2026
05-2026: 5.0%● unchanged vs 04-2026
06-2026: 5.1%▲ +0.1 percentage points vs 05-2026
07-2026: 5.4%▲ +0.3 percentage points vs 06-2026
08-2026: 5.9%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 3.3%▼ -2.6 percentage points vs 08-2026lowest value
10-2026: 3.3%● unchanged vs 09-2026lowest value
11-2026: 3.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2024
Negative equity -€3,028
lowers risk
Liquidity: current ratio 0.33, cash €4,838
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 20% of them on solvency, 27% on liquidity, 26% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as San Ren Xing has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of San Ren Xing itself: 3.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 7,639 companies, not a prediction for San Ren Xing. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.33 (0.5 in 2024), below 1. Short-term debt is 110.6% and cash 25.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€3,028
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 29 days after 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CHANG Hui 100 sharesdeed of 01-07-2024
- YOUNG Gregg Antoine Rina 100 sharesdeed of 01-07-2024
- ZHANG Qian 100 sharesdeed of 01-07-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010865704
First establishment
Sint-Kwintensberg 47, Ghent
Incorporation
Founding capital of €9,000, 300 shares · Founders: CHANG Hui, YOUNG Gregg Antoine Rina and ZHANG Qian · Appointments: CHANG Hui, YOUNG Gregg Antoine Rina and ZHANG Qian · published on 01-07-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| San Ren Xing Ghent | €19,032 | €4,895 | -15.9% | - |
| Dubra Ghent | €19,824 | €5,088 | -56.1% | - |
| SAFI BROTHERS Ghent | €15,502 | €3,786 | -5.1% | - |
| De Retard Zele | €19,532 | €4,371 | -5.6% | - |
| KIMIAMIAM Liège | €21,539 | €5,996 | 3.7% | - |
| CHIGIA Wavre | €20,266 | €6,467 | 52.9% | - |
| CULINARY 21 Herentals | €17,129 | €6,826 | 72.1% | - |
These companies have the same main activity as San Ren Xing: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €15,500 and €21,500, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 27-06-2024Normal situation
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Establishment unit
- 2.361.306.1379000 Ghent, since 08-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Insights on San Ren Xing
The computed 12-month bankruptcy probability of San Ren Xing is 3.3% (moderate). The 2025 annual accounts show negative equity (-€3,028) and a net result of -€3,421.
Its solvency ranks better than 17% of 4,845 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about San Ren Xing
- What is the company number of San Ren Xing?
- The company number of San Ren Xing is 1010.865.704. The VAT number is the same number with BE in front: BE 1010.865.704.
- Where is San Ren Xing based?
- The registered office is at Sint-Kwintensberg 47, 9000 Ghent.Company details
- What does San Ren Xing do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of San Ren Xing?
- San Ren Xing is a private limited company (BV).
- When was San Ren Xing founded?
- San Ren Xing was founded on 27-06-2024.
- Is San Ren Xing still active?
- Yes, San Ren Xing is an active enterprise in the KBO register.
- What is the turnover of San Ren Xing?
- The turnover in financial year 2025 is ≈ €40,000. This figure is estimated from the gross margin of €4,895 and 34 comparable companies (NACE 56111). It probably lies between €23,000 and €95,000. It is a rough estimate.Financials
- Is San Ren Xing profitable?
- In financial year 2025, San Ren Xing made a loss of €3,421.
- Where can I find the annual accounts of San Ren Xing?
- San Ren Xing filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of San Ren Xing due?
- San Ren Xing must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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