WAN THAI FOOD
ActiveWAN THAI FOOD has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327k and a net result of €107k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.81 against 2.85 in 2024), and 27.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
72.7%
Return on assets
23.7%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
61 d late
2023
97 d late
2022
85 d late
2021
61 d late
2020
31 d late
2019
28 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€107k▼ 14.8%
2024 · €125k
2018: €20k
2019: €12k
2020: €3k
2021: €22k
2022: €31k
2023: €-38k
2024: €125k
2018 → 2025
Working capital
€265k▲ 84.5%
2024 · €144k
2018: €42k
2019: €58k
2020: €58k
2021: €86k
2022: €86k
2023: €31k
2024: €144k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€133k▲ 30.4%€95k▼ 28.5%€221k▲ 132%€327k▲ 48.4%
Operating result€28k-€39k▲ 38.9%€-28k€176k€132k▼ 24.7%
Net result€22k-€31k▲ 39.5%€-38k€125k€107k▼ 14.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €450k
Fixed assets
€91k▼ 22.4%
Current assets
€360k▲ 62.4%
Equity and liabilities €450k
Equity
€327k▲ 48.4%
Debt
€123k▲ 4.4%
The debt ratio falls from 34.8% to 27.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€159k▼
2024 · €202k
Cash flow
€133k▼
2024 · €152k
Solvency
72.7%▲
2024 · 65.2%
Current ratio
3.81▲
2024 · 2.85
Quick ratio
3.81▲
2024 · 2.85
Debt / equity
0.38▼
2024 · 0.53
ROE
32.6%▼
2024 · 56.9%
ROA
23.7%▼
2024 · 37.1%
Interest coverage
39.75▲
2024 · 22.48
Debt
€123k▲
2024 · €118k
Debt ≤ 1 year
€94k▲
2024 · €78k
Debt > 1 year
€28k▼
2024 · €40k
Income taxes
€22k▼
2024 · €41k
Staff costs
€283k▼
2024 · €324k
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€338k€450k▲
Fixed assets21/28€117k€91k▼
Tangible fixed assets22/27€117k€91k▼
Plant, machinery and equipment23€2k€745▼
Furniture and vehicles24€74k€55k▼
Other tangible fixed assets26€41k€35k▼
Financial fixed assets28€25€25=
Current assets29/58€221k€360k▲
Amounts receivable within one year40/41€10k€24k▲
Trade receivables40€4k€4k▲
Other amounts receivable41€6k€19k▲
Cash at bank and in hand54/58€207k€332k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€338k€450k▲
Equity10/15€221k€327k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€200k€307k▲
Amounts payable17/49€118k€123k▲
Amounts payable after more than one year17€40k€28k▼
Financial debts170/4€40k€28k▼
Amounts payable within one year42/48€78k€94k▲
Current portion of amounts payable after more than one year42€14k€12k▼
Financial debts43€853€2k▲
Credit institutions430/8€853€2k▲
Trade debts44€1k€775▼
Suppliers440/4€1k€775▼
Taxes, remuneration and social security45€58k€78k▲
Taxes450/3€34k€51k▲
Remuneration and social security454/9€24k€27k▲
Other amounts payable47/48€3k€1k▼
Accrued charges and deferred income492/3-€50
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€324k€283k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€528k€447k▼
Operating profit (loss)9901€176k€132k▼
Financial income75/76B€80€18▼
Recurring financial income75€80€18▼
Financial charges65/66B€9k€4k▼
Recurring financial charges65€9k€4k▼
Profit (loss) for the period before taxes9903€167k€128k▼
Income taxes67/77€41k€22k▼
Profit (loss) for the period9904€125k€107k▼
Profit (loss) for the period to be appropriated9905€125k€107k▼
Appropriation of the result
Profit (loss) to be appropriated9906€200k€307k▲
Profit (loss) brought forward from the previous period14P€75k€200k▲
Social balance
Average headcount (FTE)90877.47.3▼
The notes to these accounts (11 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Back to profitnet €125k
Net result €125k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.85
Current ratio from 1.35 to 2.85; short-term debt falls from €87k to €78k.
31-12
Financial
Equity above €200kEq €221k ▲132%
Equity rises from €95k to €221k.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 97 days late
2023
31-12
Financial
Weakest financial yearnet €-38k ▼222%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €100kEq €102k ▲27.9%
4 profitable years in a row build equity to €102k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Braine-le-Château · 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.
Chaussée de Tubize(W-B) 2101440 Braine-le-ChâteauGround area
3,725 m²
Building footprint
652 m²
Volume, LiDAR
4,935 m³
2 parcels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
WAN THAI FOOD
since 20202.303.963.004
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25111A0689/00Y006 | Wallonia | 3,064 m² | 1 · 457 m² | 12.7 m · 2 fl. |
| 52012A0736/00F000 | Wallonia | 661 m² | 1 · 194 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Recognitions · licences · registrations
Food safety, FASFC
1 siteChâtelet2.303.963.004
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Of 3,810 companies in sector 47210 we hold annual accounts for 958. 627 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-2015
Fiscal year end31-12
Activities, NACEBEL
47210Retail sale of fruit and vegetables
47810Retail trade
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.