THAI SPICE

Active

Private limited companyfounded 199035 yrs activeReigerlaan 9, 1933 Zaventem, BelgiumKBO/BCE: BE 0442.770.257

Summary

THAI SPICE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,405) and a net result of -€6,799. Equity is shrinking by ~69.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

THAI SPICEActiveChecked score 53/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€266,845total assets 2025

Equity: -€13,405
Loss: -€6,799

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.3%

Structure

Accounts filed 4 d late0 of 3 deeds read

Why 53Capped at 59: negative equity- Negative equity -€13,405+ Size: total assets €266,845+ Founded in 1990+ Figures for FY 2025 (filed 04-02-2026)Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 16% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Negative equity caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 20-3

equity -5.0% of total assets

Liquidity 2+1

short-term debt 104.6% · cash 1.9%

Profitability 66+1

return on assets -2.5%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.3%▲ +21.5% vs 11-2024 01-2025: 0.4%▲ +46.2% vs 12-2024 02-2025: 0.6%▲ +55.5% vs 01-2025 03-2025: 0.3%▼ -42.8% vs 02-2025 04-2025: 0.3%● 0.0% vs 03-2025 05-2025: 0.3%● 0.0% vs 04-2025 06-2025: 0.3%● 0.0% vs 05-2025 07-2025: 0.3%▼ -1.2% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%▲ +4.5% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.4%▲ +15.8% vs 11-2025 01-2026: 0.5%▲ +31.2% vs 12-2025 02-2026: 0.9%▲ +65.3% vs 01-2026highest value 03-2026: 0.3%▼ -61.9% vs 02-2026 04-2026: 0.3%● 0.0% vs 03-2026 05-2026: 0.3%● 0.0% vs 04-2026 06-2026: 0.3%● 0.0% vs 05-2026 07-2026: 0.3%▼ -0.9% vs 06-2026 08-2026: 0.3%● 0.0% vs 07-2026 09-2026: 0.3%● 0.0% vs 08-2026 10-2026: 0.3%▲ +4.8% vs 09-2026

Size: total assets €266,845 lowers the probability for this profile
Negative equity -€13,405 raises the probability
Founded in 1990 lowers the probability for this profile
Figures for FY 2025 (filed 04-02-2026) lowers the probability

No credit on open account

Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 104.6% and cash: 1.9% of total assets), and equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 13%, liquidity 6%, profitability 43%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

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

−lowers risk+raises risk○neutral

Size: total assets €266,845

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Negative equity -€13,405

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Founded in 1990

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Figures for FY 2025 (filed 04-02-2026)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year -€13,405

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 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 filings

Deviation from the deadline

2025

4 d late

2024

28 d late

2023

61 d early

2022

53 d early

2021

95 d early

2020

108 d early

2019

113 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 9 December (4 of the last 5 filed years within 57 days of that day).

Companies Code · seven months

Position in the running window

30-06-2026 close04-10-2026 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