WAN FA CHENG
ActiveWAN FA CHENG has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142k and a net result of €18k. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-33
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 20.79 against 7.81 in 2024; short-term debt: 3.5% and cash: 31.5% of total assets), and 3.5% 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
96.5%
Return on assets
11.9%
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 30-08-2026, 30 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 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
29 d late
2022
16 d late
2021
31 d late
2020
31 d late
2019
60 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€142k▲ 14.1%
2024 · €125k
2018: €26k
2019: €52k
2020: €75k
2021: €121k
2022: €63k
2023: €88k
2024: €125k
2018 → 2025
Total assets
€147k▲ 6.2%
2024 · €139k
2018: €30k
2019: €60k
2020: €86k
2021: €125k
2022: €79k
2023: €104k
2024: €139k
2018 → 2025
Net result
€18k▼ 51.9%
2024 · €36k
2018: €1k
2019: €26k
2020: €23k
2021: €46k
2022: €-57k
2023: €25k
2024: €36k
2018 → 2025
Working capital
€103k▲ 6.5%
2024 · €96k
2018: €20k
2019: €47k
2020: €71k
2021: €118k
2022: €57k
2023: €56k
2024: €96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€63k▼ 47.6%€88k▲ 39.5%€125k▲ 41.4%€142k▲ 14.1%
Operating result€46k-€-40k€25k€45k▲ 81.1%€26k▼ 43.2%
Net result€46k-€-57k€25k€36k▲ 46.1%€18k▼ 51.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€40k▲ 39.5%
Current assets
€108k▼ 2.4%
Equity and liabilities €147k
Equity
€142k▲ 14.1%
Debt
€5k▼ 63.4%
The debt ratio falls from 10.2% to 3.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▼
2024 · €53k
Cash flow
€35k▼
2024 · €44k
Solvency
96.5%▲
2024 · 89.8%
Current ratio
20.79▲
2024 · 7.81
Quick ratio
19.38▲
2024 · 7.46
Debt / equity
0.04▼
2024 · 0.11
ROE
12.3%▼
2024 · 29.3%
ROA
11.9%▼
2024 · 26.3%
Debt
€5k▼
2024 · €14k
Debt ≤ 1 year
€5k▼
2024 · €14k
Income taxes
€8k▼
2024 · €9k
Staff costs
€10k▲
2024 · €4k
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€139k€147k▲
Fixed assets21/28€28k€40k▲
Tangible fixed assets22/27€28k€40k▲
Plant, machinery and equipment23€2k€12k▲
Furniture and vehicles24€12k€16k▲
Other tangible fixed assets26€14k€11k▼
Current assets29/58€110k€108k▼
Stocks and contracts in progress3€5k€7k▲
Stocks30/36€5k€7k▲
Amounts receivable within one year40/41€40k€6k▼
Trade receivables40€9k€5k▼
Other amounts receivable41€32k€1k▼
Cash at bank and in hand54/58€59k€46k▼
Deferred charges and accrued income490/1€6k€48k▲
Equity and liabilities
Total equity and liabilities10/49€139k€147k▲
Equity10/15€125k€142k▲
Contributions10/11€62k€62k=
Reserves13€63k€80k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€57k€74k▲
Amounts payable17/49€14k€5k▼
Amounts payable within one year42/48€14k€5k▼
Trade debts44€3k-
Suppliers440/4€3k-
Taxes, remuneration and social security45€11k€5k▼
Taxes450/3€11k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€6k€6k▲
Remuneration, social security and pensions62€4k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€18k▲
Other operating charges640/8-€402
Gross operating margin9900€57k€54k▼
Operating profit (loss)9901€45k€26k▼
Financial income75/76B€3€3▼
Recurring financial income75€3€3▼
Financial charges65/66B€1-
Recurring financial charges65€1-
Profit (loss) for the period before taxes9903€45k€26k▼
Income taxes67/77€9k€8k▼
Profit (loss) for the period9904€36k€18k▼
Profit (loss) for the period to be appropriated9905€36k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€18k▲
Profit (loss) brought forward from the previous period14P€-32k-
Transfer to equity691/2€4k€18k▲
To other reserves6921€4k€18k▲
The notes to these accounts (6 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 20.79
Current ratio from 7.81 to 20.79; short-term debt falls from €14k to €5k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €100kEq €125k ▲41.4%
2 profitable years in a row build equity to €125k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Weakest financial yearnet €-57k ▼225%
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €46k ▲105%
Operating result €46k, net result €46k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 30.03
Current ratio from 7.20 to 30.03; short-term debt falls from €11k to €4k.
31-12
Financial
Equity above €100kEq €121k ▲61.8%
4 profitable years in a row build equity to €121k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Zottegem · 1 establishment unit since 2007
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.
Musselystraat 29620 ZottegemGround area
239 m²
Building footprint
201 m²
Volume, LiDAR
1,598 m³
Parcel 41081A0693/02D002, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WAN FA CHENG
since 20072.173.904.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41081A0693/02D002 | Flanders | 239 m² | 1 · 201 m² | 12.1 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 siteZottegem2.173.904.315
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-05-2007
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.