Thai Select.
ActiveSummary
The computed 12-month bankruptcy probability of Thai Select. is 3.8% (moderate). The 2025 annual accounts show equity of €60,692 and a net result of €22,625. Its solvency ranks better than 78% of 13560 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-2
Solvency88▲+29
Growth52
Track record82
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 3.5 against 0.95 in 2024; short-term debt: 17.4% and cash: 56.8% of total assets), and 36.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
63.1%
Return on assets
23.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 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
47 d late
2024
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22,625▼ 50.9%
2024 · €46,066
Working capital
€42,029
2024 · -€3,317
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€49,637-€29,812▼ 39.9%
Net result€46,066within the sector's middle half-€22,625above the sector's middle half▼ 50.9%
Equity€38,066within the sector's middle half-€60,692within the sector's middle half▲ 59.4%
Total assets€112,401below the sector's middle half-€96,246within the sector's middle half▼ 14.4%
Debt€74,335-€35,554▼ 52.2%
Working capital-€3,317-€42,029
Solvency33.9%within the sector's middle half-63.1%above the sector's middle half▲ 29.2pp
Staff (FTE)1below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,246
Fixed assets
€37,430 ▼ 20.7%
Current assets
€58,816 ▼ 9.8%
Equity and liabilities €96,246
Equity
€60,692 ▲ 59.4%
Debt
€35,554 ▼ 52.2%
Debt's share of the balance-sheet total falls from 66.1% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,705▼
2024 · €56,172
Cash flow
€33,518▼
2024 · €52,601
Current ratio
3.50▲
2024 · 0.95
Debt to equity
0.59▼
2024 · 1.95
ROE
37.3%▼
2024 · 121.0%
ROA
23.5%▼
2024 · 41.0%
Interest coverage
55.24▲
2024 · 15.73
Debt ≤ 1 year
€16,787▼
2024 · €68,522
Debt > 1 year
€18,767▲
2024 · €5,813
Income taxes
€6,450
Staff costs
€42,298▼
2024 · €47,198
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €47,198 | €42,298 | ▼ 10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,535 | €10,893 | ▲ 66.7% |
| Other operating charges640/8 | €1,007 | €2,225 | ▲ 121% |
| Gross operating margin9900 | €104,377 | €85,228 | ▼ 18.3% |
| Operating profit (loss)9901 | €49,637 | €29,812 | ▼ 39.9% |
| Financial charges65/66B | €3,571 | €737 | ▼ 79.4% |
| Recurring financial charges65 | €3,571 | €737 | ▼ 79.4% |
| Profit (loss) for the period before taxes9903 | €46,066 | €29,075 | ▼ 36.9% |
| Income taxes67/77 | - | €6,450 | - |
| Profit (loss) for the period9904 | €46,066 | €22,625 | ▼ 50.9% |
| Profit (loss) for the period to be appropriated9905 | €46,066 | €22,625 | ▼ 50.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €112,401 | €96,246 | ▼ 14.4% |
| Fixed assets21/28 | €47,196 | €37,430 | ▼ 20.7% |
| Tangible fixed assets22/27 | €47,196 | €37,430 | ▼ 20.7% |
| Plant, machinery and equipment23 | €24,557 | €18,710 | ▼ 23.8% |
| Furniture and vehicles24 | €22,377 | €18,525 | ▼ 17.2% |
| Other tangible fixed assets26 | €262 | €195 | ▼ 25.4% |
| Current assets29/58 | €65,205 | €58,816 | ▼ 9.8% |
| Amounts receivable within one year40/41 | €8,569 | €4,196 | ▼ 51.0% |
| Other amounts receivable41 | €8,569 | €4,196 | ▼ 51.0% |
| Cash at bank and in hand54/58 | €56,636 | €54,620 | ▼ 3.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €112,401 | €96,246 | ▼ 14.4% |
| Equity10/15 | €38,066 | €60,692 | ▲ 59.4% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €33,066 | €55,692 | ▲ 68.4% |
| Amounts payable17/49 | €74,335 | €35,554 | ▼ 52.2% |
| Amounts payable after more than one year17 | €5,813 | €18,767 | ▲ 223% |
| Financial debts170/4 | €5,813 | €18,767 | ▲ 223% |
| Amounts payable within one year42/48 | €68,522 | €16,787 | ▼ 75.5% |
| Current portion of amounts payable after more than one year42 | €20,000 | - | - |
| Financial debts43 | - | €4,250 | - |
| Credit institutions430/8 | - | €4,250 | - |
| Trade debts44 | €28,897 | €1,564 | ▼ 94.6% |
| Suppliers440/4 | €28,897 | €1,564 | ▼ 94.6% |
| Taxes, remuneration and social security45 | €4,200 | €10,973 | ▲ 161% |
| Taxes450/3 | €4,200 | €7,650 | ▲ 82.1% |
| Remuneration and social security454/9 | - | €3,323 | - |
| Other amounts payable47/48 | €15,425 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €46,066 | €22,625 | ▼ 50.9% |
| + Depreciation and write-downs630 | €6,535 | €10,893 | ▲ 66.7% |
| Operating cash flow (approximation) | €52,601 | €33,518 | ▼ 36.3% |
| Investment in fixed assets (approximation) | - | -€1,127 | - |
| Change in cash | - | -€2,016 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 3.50
Current ratio from 0.95 to 3.50; short-term debt falls from €68,522 to €16,787.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 2023
Ground area
88 m²
Building footprint
64 m²
Volume, LiDAR
666 m³
Parcel 25744E0848/00_000, Wallonia · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Thai Select
since 20232.352.681.946
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744E0848/00_000 | Wallonia | 88 m² | 1 · 64 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 siteBraine-l'Alleud2.352.681.946
Similar companies · same sector, comparable size
FEKA
BE 0662.847.421
Wemmel · Eq €60,684
FRITERIE DE LA GARE CHEZ LUIGI
BE 0748.897.210
Morlanwelz · Eq €60,682
MATTHIAS
BE 0474.202.514
Antwerpen · Eq €60,663
AYG MARCHE
BE 1019.439.415
Liège · Eq €60,725
Viva
BE 0563.544.363
Berlare · Eq €60,731
Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 8,285 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47210Retail sale of fruit and vegetables
Contact
E-mail
mythaiselect@gmail.com
Phone
+32470964144
E-mail
mythaiselect@hotmail.comBraine-l'Alleud
E-invoicing
Reachable via Peppol
Peppol ID
0208:1002191528
Also
9925:BE1002191528
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.