Wang Hung
ActiveSummary
Wang Hung has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €35k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 88% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-6
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 3.62 against 5.21 in 2024; short-term debt: 22.9% and cash: 28.4% of total assets), and 22.9% of the assets are financed with debt.
Credit check for your own amount and term
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 · 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
77.1%
Return on assets
10%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
25 d early
2022
11 d early
2021
31 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€270k▲ 4.7%
2024 · €257k
Total assets
€350k▲ 11.5%
2024 · €314k
Net result
€35k▼ 25.2%
2024 · €47k
Working capital
€210k▼ 11.0%
2024 · €236k
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
Line20212022202320242025
Operating result€15k€-6k€46k€76k▲ 65.3%€56k▼ 26.5%
Net result€14k▲ 126%€-9k€36k€47k▲ 29.9%€35k▼ 25.2%
Equity€183k▲ 8.0%€174k▼ 4.7%€211k▲ 20.7%€257k▲ 22.3%€270k▲ 4.7%
Total assets€211k▼ 6.6%€219k▲ 4.1%€252k▲ 14.9%€314k▲ 24.4%€350k▲ 11.5%
Debt€28k▼ 50.5%€45k▲ 62.1%€42k▼ 7.7%€56k▲ 35.1%€80k▲ 42.8%
Working capital€183k▲ 8.3%€172k▼ 5.7%€209k▲ 21.3%€236k▲ 13.0%€210k▼ 11.0%
Staff (FTE)3.8▲ 192%4.3▲ 13.2%5.3▲ 23.3%6.1▲ 15.1%4.1▼ 32.8%
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 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350k
Fixed assets
€60k ▲ 177%
Current assets
€290k ▼ 0.7%
Equity and liabilities €350k
Equity
€270k ▲ 4.7%
Debt
€80k ▲ 42.8%
Debt's share of the balance-sheet total rises from 17.9% to 22.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▼
2024 · €77k
Cash flow
€40k▼
2024 · €48k
Current ratio
3.62▼
2024 · 5.21
Quick ratio
3.45▼
2024 · 5.02
Debt to equity
0.30▲
2024 · 0.22
ROE
13.0%▼
2024 · 18.2%
ROA
10.0%▼
2024 · 15.0%
Interest coverage
10.17▼
2024 · 12.33
Debt ≤ 1 year
€80k▲
2024 · €56k
Income taxes
€16k▼
2024 · €23k
Staff costs
€31k▼
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4k | €17k | €34k | €37k | €31k | ▼ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €413 | €689 | €502 | €1k | €5k | ▲ 240% |
| Other operating charges640/8 | €5k | €3k | €10k | €7k | €7k | ▲ 2.4% |
| Gross operating margin9900 | €26k | €14k | €90k | €122k | €99k | ▼ 18.2% |
| Operating profit (loss)9901 | €15k | €-6k | €46k | €76k | €56k | ▼ 26.5% |
| Financial income75/76B | €3 | €7 | - | €135 | €1k | ▲ 711% |
| Recurring financial income75 | €3 | €7 | - | €135 | €1k | ▲ 711% |
| Financial charges65/66B | €2k | €2k | €5k | €6k | €6k | ▼ 2.5% |
| Recurring financial charges65 | €2k | €2k | €5k | €6k | €6k | ▼ 4.9% |
| Non-recurring financial charges66B | - | - | - | - | €144 | - |
| Profit (loss) for the period before taxes9903 | €14k | €-9k | €41k | €70k | €51k | ▼ 27.2% |
| Income taxes67/77 | - | - | €5k | €23k | €16k | ▼ 31.3% |
| Profit (loss) for the period9904 | €14k | €-9k | €36k | €47k | €35k | ▼ 25.2% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-9k | €36k | €47k | €35k | ▼ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211k | €219k | €252k | €314k | €350k | ▲ 11.5% |
| Fixed assets21/28 | €348 | €2k | €2k | €22k | €60k | ▲ 177% |
| Tangible fixed assets22/27 | €236 | €2k | €2k | €21k | €59k | ▲ 178% |
| Land and buildings22 | - | - | - | €4k | €37k | ▲ 741% |
| Plant, machinery and equipment23 | €236 | €2k | €2k | €17k | €20k | ▲ 18.1% |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €112 | €112 | €112 | €112 | €112 | = |
| Current assets29/58 | €210k | €217k | €250k | €292k | €290k | ▼ 0.7% |
| Stocks and contracts in progress3 | €13k | €12k | €11k | €10k | €14k | ▲ 35.7% |
| Stocks30/36 | €13k | €12k | €11k | €10k | €14k | ▲ 35.7% |
| Amounts receivable within one year40/41 | €105k | €120k | €155k | €176k | €177k | ▲ 0.7% |
| Trade receivables40 | €3k | €9k | €12k | €5k | €2k | ▼ 57.1% |
| Other amounts receivable41 | €102k | €111k | €143k | €170k | €175k | ▲ 2.4% |
| Cash at bank and in hand54/58 | €92k | €86k | €84k | €106k | €99k | ▼ 6.5% |
| Deferred charges and accrued income490/1 | €848 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211k | €219k | €252k | €314k | €350k | ▲ 11.5% |
| Equity10/15 | €183k | €174k | €211k | €257k | €270k | ▲ 4.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €31k | €31k | €66k | €111k | €122k | ▲ 9.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €1k | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | €28k | €28k | €65k | €110k | €121k | ▲ 10.0% |
| Profit (loss) carried forward14 | €133k | €125k | €126k | €128k | €129k | ▲ 0.9% |
| Amounts payable17/49 | €28k | €45k | €42k | €56k | €80k | ▲ 42.8% |
| Amounts payable within one year42/48 | €28k | €45k | €42k | €56k | €80k | ▲ 42.8% |
| Trade debts44 | €15k | €27k | €13k | €14k | €13k | ▼ 1.9% |
| Suppliers440/4 | €15k | €27k | €13k | €14k | €13k | ▼ 1.9% |
| Taxes, remuneration and social security45 | €13k | €18k | €28k | €43k | €44k | ▲ 3.0% |
| Taxes450/3 | €12k | €13k | €18k | €32k | €33k | ▲ 2.9% |
| Remuneration and social security454/9 | €809 | €5k | €10k | €10k | €10k | ▲ 3.2% |
| Other amounts payable47/48 | - | - | - | - | €23k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-9k | €36k | €47k | €35k | ▼ 25.2% |
| + Depreciation and write-downs630 | €413 | €689 | €502 | €1k | €5k | ▲ 240% |
| Operating cash flow (approximation) | €14k | €-8k | €37k | €48k | €40k | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-21k | €-43k | ▼ 102% |
| Change in cash | - | €-6k | €-1k | €22k | €-7k | ▼ 132% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €47k ▲29.9%
Operating result €76k, net result €47k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
31-12
Financial
Equity above €200kEq €211k ▲20.7%
Equity rises from €174k to €211k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, 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
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Equity above €150kEq €163k ▲16.6%
2 profitable years in a row build equity to €163k.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Gent · 1 establishment unit since 1998
Ground area
4,493 m²
Building footprint
467 m²
Volume, LiDAR
3,121 m³
Parcel 44812P0932/00T000, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
RESTAURANT WANG HUNG
since 19982.088.250.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44812P0932/00T000 | Flanders | 4,493 m² | 1 · 467 m² | 15.6 m · 2 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 siteGent2.088.250.543
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 7,911 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
Founded09-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.