SHIEN KONG
ActiveSummary
The computed 12-month bankruptcy probability of SHIEN KONG is 5.1% (elevated). For SHIEN KONG, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €8k and a net result of €-7k. Equity is shrinking by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 1766 sector peers (fiscal year 2023). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability2▼-92
Solvency40▼-20
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
14.6%
Return on assets
-13%
Age of the figures
33 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-08-2024, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
28 d late
2022
23 d late
2021
31 d late
2020
1 d early
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
€111k▼ 51.6%
2019 · €230k
2018: €244k
2019: €230k
2018 → 2020
EBIT margin
-16.3%▼ 13.3pp
2019 · -3.0%
2018: 2.8%
2019: -3.0%
2018 → 2020
Net result
€-7k
2022 · €9k
2018: €4k
2019: €-14k
2020: €-20k
2021: €-8k
2022: €9k
2018 → 2023
Working capital
€-18k▼ 68.2%
2022 · €-11k
2018: €11k
2019: €1k
2020: €-16k
2021: €-22k
2022: €-11k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€230k-€111k▼ 51.6%
Equity€34k-€14k▼ 58.8%€6k▼ 59.6%€14k▲ 155%€8k▼ 47.2%
Operating result€-7k-€-18k▼ 166%€-10k▲ 46.9%€11k€-4k
Net result€-14k-€-20k▼ 46.4%€-8k▲ 58.3%€9k€-7k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €4k after €11k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €53k
Fixed assets
€26k ▲ 2.5%
Current assets
€26k ▲ 67.0%
Equity and liabilities €53k
Equity
€8k ▼ 47.2%
Debt
€45k ▲ 67.5%
Debt's share of the balance-sheet total rises from 64.9% to 85.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2022 · €13k
Cash flow
€-7k▼
2022 · €11k
Current ratio
0.59▼
2022 · 0.59
Debt to equity
5.86▲
2022 · 1.85
ROE
-89.3%▼
2022 · 60.8%
ROA
-13.0%▼
2022 · 21.4%
Interest coverage
-1.56▼
2022 · 5.86
Debt ≤ 1 year
€45k▲
2022 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 33 lines
Balance sheet
Code20222023
Assets
Total assets20/58€41k€53k▲
Fixed assets21/28€25k€26k▲
Tangible fixed assets22/27-€620
Furniture and vehicles24-€620
Financial fixed assets28€25k€25k=
Current assets29/58€16k€26k▲
Amounts receivable within one year40/41€12k€16k▲
Other amounts receivable41€12k€16k▲
Cash at bank and in hand54/58€4k€11k▲
Equity and liabilities
Total equity and liabilities10/49€41k€53k▲
Equity10/15€14k€8k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-6k€-13k▼
Amounts payable17/49€27k€45k▲
Amounts payable within one year42/48€27k€45k▲
Trade debts44€27k€45k▲
Suppliers440/4€27k€45k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€155▼
Other operating charges640/8€64k€67k▲
Gross operating margin9900€78k€63k▼
Operating profit (loss)9901€11k€-4k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€9k€-7k▼
Profit (loss) for the period9904€9k€-7k▼
Profit (loss) for the period to be appropriated9905€9k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-13k▼
Profit (loss) brought forward from the previous period14P€-15k€-6k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
19-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 231 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Schaarbeek · 2 establishment units since 1989
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.
Koninginnelaan 531030 SchaarbeekGround area
292 m²
Building footprint
234 m²
Volume, LiDAR
3,026 m³
3 parcels, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Le Waucat
since 19892.045.677.441
Le Miami
since 20142.227.118.614
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0047/00A011 | Brussels | 140 m² | 1 · 108 m² | 20.2 m · 6 fl. |
| 21910E0047/00M007 | Brussels | 76 m² | 1 · 69 m² | 16.1 m · 5 fl. |
| 21909E0020/00Z000 | Brussels | 75 m² | 1 · 57 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
2 sitesSchaarbeek2.045.677.441
Schaarbeek2.227.118.614
Similar companies · same sector, comparable size
BAR ONE-15
BE 0764.465.710
Houthalen-Helchteren · Eq €7,654
DE KRATER
BE 0825.388.935
Genk · Eq €7,646
AMINE SERVICES
BE 0752.522.139
Ternat · Eq €7,661
DAMARCO
BE 1023.720.677
Antwerpen · Eq €7,637
Napoli
BE 0686.569.166
Lokeren · Eq €7,670
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 6,258 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-10-1989
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.