Warathai
ActiveSummary
The computed 12-month bankruptcy probability of Warathai is 4.1% (elevated). The 2025 annual accounts show equity of €2k and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 13417 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+62
Solvency51▲+47
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.35 against 0.88 in 2024; short-term debt: 74.2% and cash: 33.5% of total assets), and 74.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 · 4 filingsDeviation from the deadline
2025
27 d late
2024
57 d early
2023
28 d late
2022
21 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
€2k
2024 · €-3k
2022: €-2k
2023: €-3k▼ -38.3% vs 2022lowest in 4 years
2024: €-3k▲ +3.8% vs 2023
2025: €2k▲ +177% vs 2024highest in 4 years
2022 → 2025
Total assets
€9k▼ 37.2%
2024 · €14k
2022: €8klowest in 4 years
2023: €17k▲ +121% vs 2022highest in 4 years
2024: €14k▼ -18.3% vs 2023
2025: €9k▼ -37.2% vs 2024
2022 → 2025
Net result
€5k▲ 4,406%
2024 · €115
2022: €-5klowest in 4 years
2023: €-842▲ +83.8% vs 2022
2024: €115▲ +114% vs 2023
2025: €5k▲ +4406% vs 2024highest in 4 years
2022 → 2025
Working capital
€2k
2024 · €-2k
2022: €-2k
2023: €-4k▼ -66.1% vs 2022lowest in 4 years
2024: €-2k▲ +53.2% vs 2023
2025: €2k▲ +232% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-2k-€-3k▼ 38.3%€-3k▲ 3.8%€2k
2022: €-2k
2023: €-3k▼ -38.3% vs 2022lowest in 4 years
2024: €-3k▲ +3.8% vs 2023
2025: €2k▲ +177% vs 2024highest in 4 years
Operating result€-5k-€-700▲ 86.3%€1k€6k▲ 509%
2022: €-5klowest in 4 years
2023: €-700▲ +86.3% vs 2022
2024: €1k▲ +248% vs 2023
2025: €6k▲ +509% vs 2024highest in 4 years
Net result€-5k-€-842▲ 83.8%€115€5k▲ 4,406%
2022: €-5klowest in 4 years
2023: €-842▲ +83.8% vs 2022
2024: €115▲ +114% vs 2023
2025: €5k▲ +4406% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 509% above 2024 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €9k
Equity
€2k
Debt
€6k
Debt finances 74.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€7k▲
2024 · €2k
Cash flow
€6k▲
2024 · €1k
Current ratio
1.35▲
2024 · 0.88
Quick ratio
0.50▼
2024 · 0.50
Debt to equity
2.88▲
2024 · -5.75
ROE
229.9%
ROA
59.3%▲
2024 · 0.8%
Interest coverage
11.01▲
2024 · 2.19
Debt ≤ 1 year
€6k▼
2024 · €15k
Income taxes
€500
Staff costs
€14k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14k€9k▼
Fixed assets21/28€1k€0▼
Tangible fixed assets22/27€1k€0▼
Other tangible fixed assets26€1k€0▼
Current assets29/58€13k€9k▼
Stocks and contracts in progress3€6k€6k▼
Stocks30/36€6k€6k▼
Amounts receivable within one year40/41€150€282▲
Trade receivables40€21€0▼
Other amounts receivable41€129€282▲
Cash at bank and in hand54/58€7k€3k▼
Deferred charges and accrued income490/1€518€0▼
Equity and liabilities
Total equity and liabilities10/49€14k€9k▼
Equity10/15€-3k€2k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-6k€-750▲
Amounts payable17/49€17k€6k▼
Amounts payable within one year42/48€15k€6k▼
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€900€0▼
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€9k€3k▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€16k€14k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€594€4k▲
Gross operating margin9900€19k€26k▲
Operating profit (loss)9901€1k€6k▲
Financial income75/76B€15€3▼
Recurring financial income75€15€3▼
Financial charges65/66B€940€668▼
Recurring financial charges65€940€668▼
Profit (loss) for the period before taxes9903€115€6k▲
Income taxes67/77-€500
Profit (loss) for the period9904€115€5k▲
Profit (loss) for the period to be appropriated9905€115€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-750▲
Profit (loss) brought forward from the previous period14P€-6k€-6k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €8k | €16k | €14k | ▼ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €824 | €1k | €1k | €1k | = |
| Other operating charges640/8 | €483 | €587 | €594 | €4k | ▲ 608% |
| Gross operating margin9900 | €-4k | €9k | €19k | €26k | ▲ 38.3% |
| Operating profit (loss)9901 | €-5k | €-700 | €1k | €6k | ▲ 509% |
| Financial income75/76B | €3 | €276 | €15 | €3 | ▼ 81.7% |
| Recurring financial income75 | €3 | €276 | €15 | €3 | ▼ 81.7% |
| Financial charges65/66B | €70 | €418 | €940 | €668 | ▼ 28.9% |
| Recurring financial charges65 | €70 | €418 | €940 | €668 | ▼ 28.9% |
| Profit (loss) for the period before taxes9903 | €-5k | €-842 | €115 | €6k | ▲ 4,841% |
| Income taxes67/77 | - | - | - | €500 | - |
| Profit (loss) for the period9904 | €-5k | €-842 | €115 | €5k | ▲ 4,406% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-842 | €115 | €5k | ▲ 4,406% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8k | €17k | €14k | €9k | ▼ 37.2% |
| Fixed assets21/28 | - | €2k | €1k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | €2k | €1k | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €2k | €1k | €0 | ▼ 100% |
| Current assets29/58 | €8k | €15k | €13k | €9k | ▼ 32.2% |
| Stocks and contracts in progress3 | - | €4k | €6k | €6k | ▼ 0.8% |
| Stocks30/36 | - | €4k | €6k | €6k | ▼ 0.8% |
| Amounts receivable within one year40/41 | €269 | €4k | €150 | €282 | ▲ 87.9% |
| Trade receivables40 | - | - | €21 | €0 | ▼ 100% |
| Other amounts receivable41 | €269 | €4k | €129 | €282 | ▲ 119% |
| Cash at bank and in hand54/58 | €7k | €7k | €7k | €3k | ▼ 55.9% |
| Deferred charges and accrued income490/1 | - | €35 | €518 | €0 | ▼ 100% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8k | €17k | €14k | €9k | ▼ 37.2% |
| Equity10/15 | €-2k | €-3k | €-3k | €2k | ▲ 177% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €-5k | €-6k | €-6k | €-750 | ▲ 87.3% |
| Amounts payable17/49 | €10k | €20k | €17k | €6k | ▼ 61.5% |
| Amounts payable within one year42/48 | €10k | €19k | €15k | €6k | ▼ 55.6% |
| Financial debts43 | - | €1k | - | - | - |
| Other loans439 | - | €1k | - | - | - |
| Trade debts44 | €5k | €9k | €3k | €3k | ▲ 6.3% |
| Suppliers440/4 | €5k | €9k | €3k | €3k | ▲ 6.3% |
| Taxes, remuneration and social security45 | €900 | €1k | €2k | €0 | ▼ 100% |
| Taxes450/3 | €900 | €900 | €900 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €240 | €1k | €0 | ▼ 100% |
| Other amounts payable47/48 | €4k | €8k | €9k | €3k | ▼ 68.0% |
| Accrued charges and deferred income492/3 | - | €1k | €2k | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-842 | €115 | €5k | ▲ 4,406% |
| + Depreciation and write-downs630 | €824 | €1k | €1k | €1k | = |
| Operating cash flow (approximation) | €-4k | €177 | €1k | €6k | ▲ 446% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €-278 | €-498 | €-4k | ▼ 644% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2022net €5k ▲4,406%
Operating result €6k, net result €5k, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €115
Net result €115 after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Haacht · 1 establishment unit since 2022
Ground area
570 m²
Building footprint
72 m²
Volume, LiDAR
387 m³
Parcel 24033B0237/00K003, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Warathai
since 20222.334.375.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24033B0237/00K003 | Flanders | 570 m² | 1 · 72 m² | 9.4 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 siteHaacht2.334.375.868
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Of 7,502 companies in sector 56210 we hold annual accounts for 2,446. 690 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
Founded11-08-2022
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.