SHENG XIN
ActiveThe computed 12-month bankruptcy probability of SHENG XIN is 4.3% (elevated). The 2025 annual accounts show equity of €2k and a net result of €1k. Its solvency ranks better than 26% of 1526 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+58
Solvency32▲+5
Growth78
Track record82
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.95 against 0.89 in 2024; short-term debt: 93% and cash: 3.4% of total assets), and 93% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 2 filingsDeviation from the deadline
2025
18 d late
2024
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▲ 178%
2024 · €601
2024: €601
2024 → 2025
Total assets
€24k▼ 16.3%
2024 · €28k
2024: €28k
2024 → 2025
Net result
€1k
2024 · €-2k
2024: €-2k
2024 → 2025
Working capital
€-1k▲ 60.8%
2024 · €-3k
2024: €-3k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€601-€2k▲ 178%
Operating result€-2k-€3k
Net result€-2k-€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22k
Fixed assets
€1k▼ 19.2%
Current assets
€21k▼ 15.6%
Equity and liabilities €24k
Equity
€2k▲ 178%
Debt
€22k▼ 20.5%
The debt ratio falls from 97.9% to 93.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▲
2024 · €-2k
Cash flow
€2k▲
2024 · €-2k
Solvency
7.0%▲
2024 · 2.1%
Current ratio
0.95▲
2024 · 0.89
Quick ratio
0.91▲
2024 · 0.85
Debt / equity
13.20
ROE
64.0%
ROA
4.5%▲
2024 · -8.5%
Interest coverage
23.46
Debt
€22k▼
2024 · €28k
Debt ≤ 1 year
€22k▼
2024 · €28k
Income taxes
€2k
Staff costs
€3k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€28k€24k▼
Formation expenses20€2k€2k▼
Fixed assets21/28€1k€1k▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23€1k€1k▼
Financial fixed assets28€185€185=
Current assets29/58€25k€21k▼
Stocks and contracts in progress3€1k€807▼
Stocks30/36€1k€807▼
Amounts receivable within one year40/41€13k€13k▲
Trade receivables40€10k€11k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€9k€816▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€28k€24k▼
Equity10/15€601€2k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-2k€-1k▲
Amounts payable17/49€28k€22k▼
Amounts payable within one year42/48€28k€22k▼
Trade debts44€17k€17k▼
Suppliers440/4€17k€17k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Remuneration and social security454/9-€139
Other amounts payable47/48€11k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€367€757▲
Other operating charges640/8€387€400▲
Gross operating margin9900€-2k€7k▲
Operating profit (loss)9901€-2k€3k▲
Financial charges65/66B-€157
Recurring financial charges65-€157
Profit (loss) for the period before taxes9903€-2k€3k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€-2k€1k▲
Profit (loss) for the period to be appropriated9905€-2k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-1k▲
Profit (loss) brought forward from the previous period14P-€-2k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2024
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.
Kraatveldstraat 1371120 BrusselGround area
1.2 ha
Building footprint
573 m²
Volume, LiDAR
14,914 m³
Parcel 21819C0029/00B000, Brussels · tallest building 29.3 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
SHENG XIN
since 20242.361.729.571
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0029/00B000 | Brussels | 1.2 ha | 1 · 573 m² | 29.2 m · 8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.361.729.571
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Of 445 companies in sector 10850 we hold annual accounts for 173. 43 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2024
Fiscal year end31-12
Activities, NACEBEL
10850Manufacture of food products
56112Limited-service restaurants, excluding mobile food services
10890Manufacture of food products
47279Other retail sale of food
47299Retail trade
56102Limited-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.