THAI KING
ActiveThe computed 12-month bankruptcy probability of THAI KING is 3.4% (moderate). The 2025 annual accounts show equity of €284k and a net result of €57k. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 13090 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
89
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency78▲+16
Growth52=
Stability94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.03 in 2024), and 52.1% 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.
−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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.9%
Return on assets
9.6%
Age of the figures
18 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 03-02-2026, 95 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
95 d late
2024
23 d early
2023
9 d late
2022
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€284k▲ 25.2%
2024 · €227k
2022: €113k
2023: €175k
2024: €227k
2022 → 2025
Total assets
€592k▲ 4.3%
2024 · €568k
2022: €346k
2023: €448k
2024: €568k
2022 → 2025
Net result
€57k▲ 11.0%
2024 · €51k
2022: €103k
2023: €62k
2024: €51k
2022 → 2025
Working capital
€106k▲ 916%
2024 · €10k
2022: €-150k
2023: €-69k
2024: €10k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€113k-€175k▲ 54.6%€227k▲ 29.3%€284k▲ 25.2%
Operating result€109k-€88k▼ 19.0%€80k▼ 8.4%€72k▼ 10.8%
Net result€103k-€62k▼ 40.1%€51k▼ 17.0%€57k▲ 11.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 11% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €592k
Fixed assets
€178k▼ 17.7%
Current assets
€414k▲ 17.8%
Equity and liabilities €592k
Equity
€284k▲ 25.2%
Debt
€309k▼ 9.6%
The debt ratio falls from 60.1% to 52.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€112k▼
2024 · €119k
Cash flow
€97k▲
2024 · €90k
Solvency
47.9%▲
2024 · 39.9%
Current ratio
1.34▲
2024 · 1.03
Quick ratio
1.34▲
2024 · 1.03
Debt / equity
1.09▼
2024 · 1.51
ROE
20.1%▼
2024 · 22.7%
ROA
9.6%▲
2024 · 9.0%
Interest coverage
14.65▲
2024 · 7.39
Debt
€309k▼
2024 · €341k
Debt ≤ 1 year
€309k▼
2024 · €341k
Income taxes
€24k▼
2024 · €25k
Staff costs
€90k▼
2024 · €100k
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€568k€592k▲
Fixed assets21/28€216k€178k▼
Tangible fixed assets22/27€216k€178k▼
Plant, machinery and equipment23€49k€40k▼
Furniture and vehicles24€19k€11k▼
Other tangible fixed assets26€148k€128k▼
Current assets29/58€352k€414k▲
Amounts receivable within one year40/41€275k€393k▲
Trade receivables40-€66k
Other amounts receivable41€275k€326k▲
Cash at bank and in hand54/58€75k€19k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€568k€592k▲
Equity10/15€227k€284k▲
Contributions10/11€10k€10k=
Reserves13€217k€274k▲
Distributable reserves133€217k€274k▲
Amounts payable17/49€341k€309k▼
Amounts payable within one year42/48€341k€309k▼
Trade debts44€77k€65k▼
Suppliers440/4€77k€65k▼
Taxes, remuneration and social security45€92k€82k▼
Taxes450/3€83k€82k▼
Remuneration and social security454/9€8k-
Other amounts payable47/48€172k€161k▼
Income statement
Code20242025
Remuneration, social security and pensions62€100k€90k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€40k▲
Other operating charges640/8€7k€6k▼
Gross operating margin9900€226k€208k▼
Operating profit (loss)9901€80k€72k▼
Financial income75/76B€12k€18k▲
Recurring financial income75€12k€18k▲
Financial charges65/66B€16k€8k▼
Recurring financial charges65€16k€8k▼
Non-recurring financial charges66B-€454
Profit (loss) for the period before taxes9903€77k€81k▲
Income taxes67/77€25k€24k▼
Profit (loss) for the period9904€51k€57k▲
Profit (loss) for the period to be appropriated9905€51k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€57k▲
Transfer to equity691/2€51k€57k▲
To other reserves6921€51k€57k▲
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
31-03
State Gazette act
Capital & sharesGeneral meeting · Share transfer · Director appointment4 facts ▸
State Gazette act
Capital & shares
General meeting · Share transfer · Director appointment4 facts ▸
- General meeting, 31/12/2025
- Share transfer, Sirimalaluk Jakkit → Soo Li Sim
- Share transfer, Sirimalaluk Jakkit → Cheng Chew Peng
- Director appointment, Soo Li Sim (Bestuurder)
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 95 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €51k ▼17%
Net result drops to €51k, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €200kEq €227k ▲29.3%
3 profitable years in a row build equity to €227k.
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
31-03
Financial
Equity above €150kEq €175k ▲54.6%
2 profitable years in a row build equity to €175k.
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
SOO Li Sim
CurrentDirector · since 31-03-2026
31-03-2026
SOO Li Sim: Appointed as Director
31-12-2021
lamsila Nilavha: Resigned as Manager
31-12-2021
Phiphat Wutthichai: Resigned as Manager
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2020
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.
Iepersestraat 338800 RoeselareGround area
185 m²
Building footprint
154 m²
Volume, LiDAR
965 m³
Parcel 36502B0249/00D000, Flanders · tallest building 12.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
THAI KING
since 20202.309.902.669
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0249/00D000 | Flanders | 185 m² | 1 · 154 m² | 12.5 m · 1 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.
Structure & network
Capital and shareholders
Transfer of 60/100 aandelen from Sirimalaluk Jakkit to Soo Li Sim
Transfer of 40/100 aandelen from Sirimalaluk Jakkit to Cheng Chew Peng
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.309.902.669
Similar companies · same sector, comparable size
VAN DAMME-SCHLOEMER
BE 0465.169.735
Gent · Eq €283k
Qinami
BE 0766.633.362
Elsene · Eq €284k
JUTHA
BE 0830.244.576
Antwerpen · Eq €284k
De Zandbank
BE 0649.780.135
Middelkerke · Eq €283k
NICITA
BE 0736.976.405
Brugge · Eq €284k
Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 7,717 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-11-2020
Fiscal year end31-03
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:lisasoo@hotmail.com
Phone:+32 477 91 33 22