Thai Inn

Active

Private limited companyfounded 20188 yrs activePhilipstockstraat 12, 8000 Brugge, BelgiumKBO/BCE: BE 0696.850.176

The computed 12-month bankruptcy probability of Thai Inn is 1.7% (moderate). The 2025 annual accounts show equity of €176k and a net result of €31k. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 13071 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

86 / 100

Excellent= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability89▼-11

Solvency80▲+24

Growth78=

Stability100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €15k at 30 days acceptable

Liquidity ample (current ratio 1.53 against 1.25 in 2024), but 54.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

45.3%

Return on assets

8.1%

Age of the figures

15 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

A punctual record breaks

This company filed 6 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 7 filings

Deviation from the deadline

2025

3 d late

2024

on the day

2023

28 d early

2022

28 d early

2021

28 d early

2020

12 d early

2019

18 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close16-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€176k▲ 21.7%

2024 · €145k

2019: €26k 2020: €40k 2021: €94k 2022: €148k 2023: €103k 2024: €145k

2019 → 2025

Total assets

€389k▼ 13.5%

2024 · €449k

2019: €197k 2020: €240k 2021: €182k 2022: €322k 2023: €413k 2024: €449k

2019 → 2025

Net result

€31k▼ 25.1%

2024 · €42k

2019: €8k 2020: €14k 2021: €53k 2022: €54k 2023: €-45k 2024: €42k

2019 → 2025

Working capital

€112k▲ 46.9%

2024 · €76k

2019: €-28k 2020: €-5k 2021: €-9k 2022: €55k 2023: €38k 2024: €76k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€94k-€148k▲ 57.7%€103k▼ 30.4%€145k▲ 40.7%€176k▲ 21.7%

Operating result€60k-€80k▲ 33.1%€-39k€53k€58k▲ 9.8%

Net result€53k-€54k▲ 1.2%€-45k€42k€31k▼ 25.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €389k

17.0%

83.0%

Fixed assets €66k▼ 7.7%

Current assets €323k▼ 14.6%

Equity and liabilities €389k

45.3%

54.7%

Equity €176k▲ 21.7%

Debt €213k▼ 30.2%

The debt ratio falls from 67.8% to 54.7%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€75k▲

2024 · €70k

Cash flow

€49k▼

2024 · €58k

Solvency

45.3%▲

2024 · 32.2%

Current ratio

1.53▲

2024 · 1.25

Quick ratio

1.50▲

2024 · 1.22

Debt / equity

1.21▼

2024 · 2.10

ROE

17.8%▼

2024 · 28.9%

ROA

8.1%▼

2024 · 9.3%

Interest coverage

4.18▼

2024 · 4.84

Debt

€213k▼

2024 · €305k

Debt ≤ 1 year

€210k▼

2024 · €301k

Debt > 1 year

€2k▼

2024 · €3k

Income taxes

€19k▲

2024 · €3k

Staff costs

€223k▼

2024 · €225k

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€449k€389k▼

Fixed assets21/28€72k€66k▼

Intangible fixed assets21€41k€31k▼

Tangible fixed assets22/27€14k€20k▲

Plant, machinery and equipment23€9k€16k▲

Furniture and vehicles24€5k€4k▼

Financial fixed assets28€16k€16k=

Current assets29/58€378k€323k▼

Stocks and contracts in progress3€10k€6k▼

Stocks30/36€10k€6k▼

Amounts receivable within one year40/41€295k€302k▲

Trade receivables40€50€12k▲

Other amounts receivable41€295k€290k▼

Cash at bank and in hand54/58€71k€15k▼

Deferred charges and accrued income490/1€2k€20▼

Equity and liabilities

Total equity and liabilities10/49€449k€389k▼

Equity10/15€145k€176k▲

Contributions10/11€19k€19k=

Reserves13€126k€158k▲

Distributable reserves133€126k€158k▲

Amounts payable17/49€305k€213k▼

Amounts payable after more than one year17€3k€2k▼

Financial debts170/4€3k€2k▼

Amounts payable within one year42/48€301k€210k▼

Trade debts44€244k€151k▼

Suppliers440/4€244k€151k▼

Taxes, remuneration and social security45€57k€54k▼

Taxes450/3€57k€46k▼

Remuneration and social security454/9-€7k

Other amounts payable47/48-€5k

Income statement Code20242025

Remuneration, social security and pensions62€225k€223k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲

Other operating charges640/8€7k€18k▲

Gross operating margin9900€301k€316k▲

Operating profit (loss)9901€53k€58k▲

Financial income75/76B€7k€10k▲

Recurring financial income75€7k€10k▲

Financial charges65/66B€14k€18k▲

Recurring financial charges65€14k€18k▲

Profit (loss) for the period before taxes9903€45k€50k▲

Income taxes67/77€3k€19k▲

Profit (loss) for the period9904€42k€31k▼

Profit (loss) for the period to be appropriated9905€42k€31k▼

Appropriation of the result

Profit (loss) to be appropriated9906€42k€31k▼

Transfer to equity691/2€42k€31k▼

To other reserves6921€42k€31k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 5Filings 7

Next filing, fiscal year 2026, expected by 31-01-2027

2026

03-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 3 days late

2025

30-06

Financial Equity above €150kEq €176k ▲21.7%

2 profitable years in a row build equity to €176k.

31-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

30-06

Financial Back to profitnet €42k

Net result €42k after one loss-making year.

03-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-06

Financial Weakest financial yearnet €-45k ▼183%

Net result drops to €-45k, the lowest in the series; recovery starts the following year.

03-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-06

Financial Highest result since 2019net €54k ▲1.2%

Operating result €80k, net result €54k, both a record.

30-06

Financial Equity above €100kEq €148k ▲57.7%

4 profitable years in a row build equity to €148k.

03-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

19-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

13-01

NBB filing Annual accounts filed

fiscal year 2019 · 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, Brugge · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Philipstockstraat 128000 Brugge

Ground area

441 m²

Building footprint

278 m²

Volume, LiDAR

2,408 m³

2 parcels, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Narai Thai

Smedenstraat 43, 8000 BruggeFull-service restaurants

since 20182.276.077.581

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31802B1111/00D000 ProtectedTownscape or village viewMarkt en Burg met omgevingSource ↗	Flanders	226 m²	1 · 64 m²	12.6 m · 3 fl.
31804D1536/00E000	Flanders	214 m²	1 · 214 m²	13.9 m · 3 fl.