WANG CAI
ActiveSummary
The computed 12-month bankruptcy probability of WANG CAI is 1.7% (moderate). The 2024 annual accounts show equity of €43k and a net result of €17k. Equity is shrinking by ~22.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 95% of 18936 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 12.37 against 8.08 in 2023; short-term debt: 8.1% and cash: 91.6% of total assets), and 8.5% of the assets are financed with debt.
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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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €43k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
36 d late
2022
32 d late
2021
59 d late
2020
1 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€43k▲ 65.9%
2023 · €26k
Total assets
€47k▲ 58.2%
2023 · €29k
Net result
€17k
2023 · €-10k
Working capital
€43k▲ 66.7%
2023 · €26k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6k€9k▲ 46.6%€-25k€-9k▲ 63.0%€17k
Net result€6k€8k▲ 23.2%€-25k€-10k▲ 60.9%€17k
Equity€98k▲ 6.7%€60k▼ 38.4%€35k▼ 41.2%€26k▼ 27.3%€43k▲ 65.9%
Total assets€98k▲ 4.9%€61k▼ 37.4%€41k▼ 32.8%€29k▼ 28.6%€47k▲ 58.2%
Debt€384▼ 79.7%€1k▲ 216%€6k▲ 383%€4k▼ 36.0%€4k▲ 5.3%
Working capital€76k▲ 21.3%€46k▼ 39.9%€28k▼ 38.6%€26k▼ 8.3%€43k▲ 66.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €17k after a loss of €9k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47k
Fixed assets
€101 ▼ 50.0%
Current assets
€46k ▲ 58.9%
Equity and liabilities €47k
Equity
€43k ▲ 65.9%
Debt
€4k ▲ 5.3%
Debt's share of the balance-sheet total falls from 12.7% to 8.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▲
2023 · €-2k
Cash flow
€17k▲
2023 · €-2k
Current ratio
12.37▲
2023 · 8.08
Quick ratio
11.55▲
2023 · 7.11
Debt to equity
0.09▼
2023 · 0.15
ROE
39.7%▲
2023 · -37.6%
ROA
36.4%▲
2023 · -32.8%
Interest coverage
77.05▲
2023 · -4.31
Debt ≤ 1 year
€4k▲
2023 · €4k
Income taxes
€178▲
2023 · €170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | €384 | €369 | ▼ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | €7k | €101 | ▼ 98.6% |
| Non-recurring operating charges66A | - | - | €75 | - | - | - |
| Gross operating margin9900 | €13k | €16k | €-17k | €-2k | €17k | ▲ 1,036% |
| Operating profit (loss)9901 | €6k | €9k | €-25k | €-9k | €17k | ▲ 291% |
| Financial income75/76B | - | €0 | €20 | - | €32 | - |
| Recurring financial income75 | €172 | €0 | €20 | - | €32 | - |
| Financial charges65/66B | - | €58 | €116 | €432 | €226 | ▼ 47.6% |
| Recurring financial charges65 | €139 | €58 | €116 | €432 | €226 | ▼ 47.6% |
| Profit (loss) for the period before taxes9903 | €6k | €9k | €-25k | €-9k | €17k | ▲ 280% |
| Income taxes67/77 | €129 | €2k | €157 | €170 | €178 | ▲ 4.2% |
| Profit (loss) for the period9904 | €6k | €8k | €-25k | €-10k | €17k | ▲ 275% |
| Profit (loss) for the period to be appropriated9905 | €6k | €8k | €-25k | €-10k | €17k | ▲ 275% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98k | €61k | €41k | €29k | €47k | ▲ 58.2% |
| Fixed assets21/28 | €22k | €15k | €7k | €201 | €101 | ▼ 50.0% |
| Tangible fixed assets22/27 | €22k | €15k | €7k | €201 | €101 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | €211 | €106 | - | - | - |
| Furniture and vehicles24 | - | €403 | €302 | €201 | €101 | ▼ 50.0% |
| Other tangible fixed assets26 | - | €14k | €7k | - | - | - |
| Current assets29/58 | €76k | €47k | €34k | €29k | €46k | ▲ 58.9% |
| Stocks and contracts in progress3 | €2k | €2k | €3k | €4k | €3k | ▼ 11.9% |
| Stocks30/36 | - | €2k | €3k | €4k | €3k | ▼ 11.9% |
| Amounts receivable within one year40/41 | €12k | €4k | €933 | €924 | €70 | ▼ 92.5% |
| Trade receivables40 | - | €42 | €670 | €880 | €70 | ▼ 92.1% |
| Other amounts receivable41 | - | €4k | €263 | €44 | - | - |
| Cash at bank and in hand54/58 | €61k | €40k | €29k | €24k | €43k | ▲ 78.2% |
| Deferred charges and accrued income490/1 | - | €976 | €933 | €846 | €640 | ▼ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98k | €61k | €41k | €29k | €47k | ▲ 58.2% |
| Equity10/15 | €98k | €60k | €35k | €26k | €43k | ▲ 65.9% |
| Contributions10/11 | - | €45k | €45k | €45k | €45k | = |
| Reserves13 | €9k | €15k | €15k | €15k | €15k | = |
| Distributable reserves133 | - | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-979 | - | €-25k | €-34k | €-17k | ▲ 49.2% |
| Amounts payable17/49 | €384 | €1k | €6k | €4k | €4k | ▲ 5.3% |
| Amounts payable within one year42/48 | €384 | €1k | €6k | €4k | €4k | ▲ 3.8% |
| Trade debts44 | €255 | €770 | €4k | €2k | €2k | ▼ 13.1% |
| Suppliers440/4 | - | €770 | €4k | €2k | €2k | ▼ 13.1% |
| Taxes, remuneration and social security45 | - | €442 | €157 | €170 | €517 | ▲ 203% |
| Taxes450/3 | - | €442 | €157 | €170 | €517 | ▲ 203% |
| Other amounts payable47/48 | - | - | €2k | €2k | €2k | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | - | - | €128 | €190 | ▲ 48.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €8k | €-25k | €-10k | €17k | ▲ 275% |
| + Depreciation and write-downs630 | €7k | €7k | €7k | €7k | €101 | ▼ 98.6% |
| Operating cash flow (approximation) | €13k | €15k | €-18k | €-2k | €17k | ▲ 792% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-22k | €-10k | €-5k | €19k | ▲ 456% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 198.47
Current ratio from 34.09 to 198.47; short-term debt falls from €2k to €384.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 34.09
Current ratio from 7.91 to 34.09; short-term debt falls from €7k to €2k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 37 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2014
Ground area
394 m²
Building footprint
231 m²
Volume, LiDAR
1,892 m³
Parcel 11344A0480/00X004, Flanders · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Frituur 't Draakske
since 20142.232.637.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0480/00X004 | Flanders | 394 m² | 1 · 231 m² | 11.9 m · 4 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 siteAntwerpen2.232.637.320
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 8,435 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
Founded10-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.