Thai on the run - Brasschaat
ActiveSummary
The computed 12-month bankruptcy probability of Thai on the run - Brasschaat is 3.2% (moderate). The 2025 annual accounts show equity of €30k and a net result of €284. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 64% of 3674 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-16
Solvency68▲+9
Growth52=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.57 in 2024; short-term debt: 39.8% and cash: 17.3% of total assets), but 56.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
43.1%
Return on assets
0.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 6 filingsDeviation from the deadline
2025
25 d late
2024
23 d early
2023
19 d early
2022
24 d early
2021
26 d late
2020
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€30k▲ 0.9%
2024 · €30k
2020: €27k
2021: €28k
2022: €28k
2023: €29k
2024: €30k
2020 → 2025
Total assets
€70k▼ 21.0%
2024 · €89k
2020: €94k
2021: €96k
2022: €100k
2023: €109k
2024: €89k
2020 → 2025
Net result
€284▼ 43.7%
2024 · €503
2020: €7k
2021: €966
2022: €409
2023: €1k
2024: €503
2020 → 2025
Working capital
€31k▲ 14.4%
2024 · €27k
2020: €13k
2021: €19k
2022: €25k
2023: €38k
2024: €27k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€28k▲ 1.5%€29k▲ 4.1%€30k▲ 1.7%€30k▲ 0.9%
Operating result€3k-€2k▼ 40.1%€3k▲ 56.2%€2k▼ 37.6%€2k▲ 11.3%
Net result€966-€409▼ 57.6%€1k▲ 185%€503▼ 56.8%€284▼ 43.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€11k ▼ 11.5%
Current assets
€59k ▼ 21.7%
Equity and liabilities €70k
Equity
€30k ▲ 0.9%
Debt
€40k ▼ 32.1%
Debt's share of the balance-sheet total falls from 66.3% to 56.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €10k
Cash flow
€5k▼
2024 · €9k
Current ratio
2.12▲
2024 · 1.57
Quick ratio
1.60▲
2024 · 1.36
Debt to equity
1.32▼
2024 · 1.97
ROE
0.9%▼
2024 · 1.7%
ROA
0.4%▼
2024 · 0.6%
Interest coverage
4.06▼
2024 · 6.46
Debt ≤ 1 year
€28k▼
2024 · €48k
Staff costs
€90k▲
2024 · €86k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€89k€70k▼
Formation expenses20€732-
Fixed assets21/28€12k€11k▼
Tangible fixed assets22/27€12k€10k▼
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€918€309▼
Financial fixed assets28€665€665=
Current assets29/58€76k€59k▼
Stocks and contracts in progress3€10k€15k▲
Stocks30/36€10k€15k▲
Amounts receivable within one year40/41€49k€24k▼
Trade receivables40€45k€17k▼
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€9k€12k▲
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€89k€70k▼
Equity10/15€30k€30k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€10k€10k▲
Amounts payable17/49€59k€40k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€48k€28k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43-€634
Other loans439-€634
Trade debts44€35k€17k▼
Suppliers440/4€35k€17k▼
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€262€1k▲
Remuneration and social security454/9€8k€5k▼
Other amounts payable47/48€934-
Accrued charges and deferred income492/3€492€12k▲
Income statement
Code20242025
Remuneration, social security and pensions62€86k€90k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€4k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€97k€98k▲
Operating profit (loss)9901€2k€2k▲
Financial income75/76B€401€33▼
Recurring financial income75€401€33▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€503€284▼
Profit (loss) for the period9904€503€284▼
Profit (loss) for the period to be appropriated9905€503€284▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€10k▲
Profit (loss) brought forward from the previous period14P€9k€10k▲
Social balance
Average headcount (FTE)90874.43.7▼
The notes to these accounts (8 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €284 ▼43.7%
Net result drops to €284, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated 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, Brasschaat · 1 establishment unit since 2019
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.
Kapelsesteenweg 3082930 BrasschaatGround area
235 m²
Building footprint
114 m²
Volume, LiDAR
727 m³
Parcel 11323F0074/00W002, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thai on the run - Brasschaat
since 20192.292.266.188
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0074/00W002 | Flanders | 234 m² | 1 · 114 m² | 11.2 m · 2 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 siteBrasschaat2.292.266.188
Dual-learning approval
2 live approvalsMedewerker fastfood (vwo)
Medewerker fastfood duaal (so)
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Of 7,504 companies in sector 56210 we hold annual accounts for 2,444. 1,947 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
Founded20-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
82100Office administrative and support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.