Debts
€317,409 99% of the balance sheet
Financial debts 33%Suppliers 17%Taxes and wages 13%Other 36%
Of this, €211,687 falls due within a year.
XD HORECA
Overview
Lifetime
1 annual account with figurespeak €175,426 (2025)
€175,426
lowest -€13,058 (2025)
-€13,058
peak €1,942 (2025)
€1,942
€317,409
Board1 name since 2024
1 directorZHENG Jianhui
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Loss of €13,058First year with figures
Key points
from the 2025 annual accountsAt the same address
19 companies
Position in the sector
-€13,058
Lower net result than 82% of companies in food and beverage service. Sector median €4,884 · 17,087 companies.
2025 accounts filed 27 days after the deadline
Checked score
50
Fair
Financially stronger than 26% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 4.1%
09-2025: 4.2%▲ +0.1 percentage points vs 08-2025
10-2025: 4.6%▲ +0.4 percentage points vs 09-2025
11-2025: 4.7%▲ +0.1 percentage points vs 10-2025
12-2025: 5.0%▲ +0.3 percentage points vs 11-2025
01-2026: 5.0%● unchanged vs 12-2025
02-2026: 5.5%▲ +0.5 percentage points vs 01-2026
03-2026: 5.5%● unchanged vs 02-2026
04-2026: 5.3%▼ -0.2 percentage points vs 03-2026
05-2026: 5.3%● unchanged vs 04-2026
06-2026: 5.8%▲ +0.5 percentage points vs 05-2026
07-2026: 5.8%● unchanged vs 06-2026
08-2026: 5.8%● unchanged vs 07-2026highest value
09-2026: 2.9%▼ -2.9 percentage points vs 08-2026lowest value
10-2026: 2.9%● unchanged vs 09-2026lowest value
11-2026: 2.9%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Founded in 2024
Equity €1,942 (0.6% of total assets)
lowers risk
Size: total assets €319,351
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 26% of them on solvency, 23% on liquidity and 28% on profitability.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,301 companies had the same profile as XD HORECA has now. Each dot stands for 4 companies, two years later.
92.6%
were still trading
1.6%
stopped another way
5.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of XD HORECA itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,301 companies, not a prediction for XD HORECA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
27 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- WOWCRAB HOLDING BELGIUM 15 sharesdeed of 04-07-2024
- ZHENG Jianhui 1,485 sharesdeed of 04-07-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011069503
Incorporation
Founding capital of €15,000, 1,500 shares · Founders: WOWCRAB HOLDING BELGIUM and ZHENG Jianhui · Appointment: ZHENG Jianhui (director) · published on 04-07-2024 · Gazette deed
First establishment
Wolvengracht 28, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| XD HORECA Brussels | €319,351 | €175,426 | 0.6% | - |
| IAZ Consult Molenbeek-Saint-Jean | €287,574 | €204,777 | -65.7% | - |
| Dream-Ice Dendermonde | €321,592 | €199,458 | 38.7% | - |
| K.F.H Amay Villers-le-Bouillet | €295,956 | €193,846 | 15.1% | - |
| Tap Out Antwerp | €296,037 | €199,687 | 28.3% | - |
| PIZZA DELIVERY SINT-KRUIS BRUGGE Bruges | €278,876 | €197,045 | 21.6% | 1.9 |
| DELI DEURNE PANOS Antwerp | €278,383 | €162,027 | 1.6% | - |
These companies have the same main activity as XD HORECA: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €278,000 and €322,000, founded in 2024.
Official details
Source: KBO- Status
- Active since 02-07-2024Normal situation
- Registered office
- 21 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Establishment unit
- 2.361.724.6231000 Brussels, since 02-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 24-09-2025
Annual accounts 2025
- €175,426
- ≈ €540,000estimated
- €13,058
- €1,942
- €319,351
- Employeeson 31-12-2025
- 6
- Filing
- Filed on 27-08-2026
Insights on XD HORECA
The computed 12-month bankruptcy probability of XD HORECA is 2.9% (moderate). The 2025 annual accounts show equity of €1,942 and a net result of -€13,058.
Its solvency ranks better than 26% of 17,111 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 27-08-2026, 27 days late€175,426
-€288
-€13,058
-€138,965
0.6%
0.34
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €540,000. Estimated: probably between €400,000 and €660,000.
Balance sheet
balance sheet total €319,351 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
0.6%
Higher than 26% of 17,111 companies in 2025.
0.34
Higher than 17% of 16,538 companies in 2025.
-4.1%
Higher than 28% of 16,621 companies in 2025.
XD HORECA
Middle half of the sector
80% of the sector
Micro accounts in food and beverage service (NACE 56)
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Staff
€34,362
Staff costs divided by the average number of full-time equivalents.
+6 people
people who joined
people who left
In 2025, 11 people joined and 5 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
319,351 | |
21/28 |
246,630 | |
21 |
36,000 | |
22/27 |
184,380 | |
23 |
145,111 | |
24 |
14,076 | |
26 |
25,192 | |
28 |
26,250 | |
29/58 |
72,721 | |
3 |
19,332 | |
30/36 |
19,332 | |
40/41 |
8,110 | |
40 |
6,948 | |
41 |
1,162 | |
54/58 |
34,173 | |
490/1 |
11,107 | |
| Balance sheet: equity and liabilities | ||
10/49 |
319,351 | |
10/15 |
1,942 | |
10/11 |
15,000 | |
14 |
-13,058 | |
17/49 |
317,409 | |
17 |
105,723 | |
170/4 |
105,723 | |
42/48 |
211,687 | |
42 |
40,600 | |
44 |
54,527 | |
440/4 |
54,527 | |
45 |
41,992 | |
450/3 |
24,943 | |
454/9 |
17,049 | |
47/48 |
74,568 | |
| Income statement | ||
9900 |
175,426 | |
62 |
147,758 | |
630 |
27,414 | |
640/8 |
543 | |
9901 |
-288 | |
75/76B |
50 | |
75 |
50 | |
65/66B |
12,820 | |
65 |
12,820 | |
9903 |
-13,058 | |
9904 |
-13,058 | |
9905 |
-13,058 | |
| Appropriation of the result | ||
9906 |
-13,058 | |
| Social balance sheet | ||
9087 |
4.3 | |
Hours worked1013 |
6,736 | |
| Document | ||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00441941.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00441941 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 27,125 | ||
| 14,355 | ||
| 274,043 | ||
| -138,965 | ||
| 0.6% | ||
| 0.34 | ||
| 0.25 | ||
| -672.5% | ||
| -4.1% | ||
| 2.12 |
A ratio outside any meaningful range has been withheld (balance sheet total €319,351, equity €1,942).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 6 |
| full-time | 2 |
| part-time | 4 |
| in full-time equivalents | 3.2 |
| 3.9 | |
| On a permanent contract | 1 |
| Joined | 11 |
| Left | 5 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €207,793 |
| Intangible fixed assets | €40,000 |
| Financial fixed assets | €26,250 |
| €27,414 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on XD HORECA
Debt's share of the balance-sheet total is 99.4%.
Board & ownership
Board
1 director, since incorporationDirector
since 28-06-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 27-08-2026
Mandates through the years
1 name, the dashed line is todayControl
Founders
WOWCRAB HOLDING BELGIUM, ZHENG Jianhui
This company
XD HORECA
Equity €1,942
Loss €13,058 in 2025
Capital
- Contribution
- €15,000
- Shares
- 1,500
- Contribution per share
- €10
- Equity per share
- €1.29 in 2025
- Source
- deed of 04-07-2024
Shareholders
At incorporation
deed of 04-07-2024 ↗
- WOWCRAB HOLDING BELGIUM 15 shares (1%) · €150
- ZHENG Jianhui 1,485 shares (99%) · €14,850
Network & group
No group
XD HORECA has no parent and no holdings in its annual accounts. ZHENG Jianhui is the only director. XD HORECA shares no director with another company.
At the same address
Wolvengracht 28, 1000 Brussels · 20 other companies| Sato Imo
establishment since 04-01-2017 · founded in 2016 |
total assets €4.5m (2025) 0665.685.660 |
| SAMOURAI RAMEN
establishment since 30-03-2015 · founded in 2015 |
7.6 FTE (2020) 0627.696.403 |
| Coco Tea & Fresh Juice Brussel
registered office since 27-08-2020 · founded in 2020 |
turnover €473,337 (2025) 0753.372.175 |
| ALSO CORP
registered office since 20-01-2023 · founded in 2023 · negative equity (2025) |
total assets €66,111 (2025) 0797.447.490 |
| TJ TRADING
registered office since 01-11-2022 · founded in 2019 · negative equity (2024) · accounts filed late |
turnover €59,565 (2024) 0734.717.095 |
| VAPOR DISTRIBUTION
registered office since 26-06-2019 · founded in 2019 · negative equity (2021) · accounts filed late |
total assets €19,128 (2021) 0728.886.308 |
| HELLO NAILS
registered office since 12-07-2019 · founded in 2019 · negative equity (2023) · accounts filed late |
total assets €3,040 (2023) 0730.639.830 |
| Foriez, Anne-Claire (sole trader)
establishment since 01-11-2025 |
founded in 2025 1028.948.185 |
| Haustrate, Elisabeth (sole trader)
establishment since 10-02-2025 |
founded in 2025 1019.786.932 |
| Nguyễn, Thị (sole trader)
establishment since 01-06-2023 |
founded in 2023 0698.967.449 |
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 27 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011069503
2024
IncorporationFounding capital of €15,000, 1,500 shares · Founders: WOWCRAB HOLDING BELGIUM and ZHENG Jianhui · Appointment: ZHENG Jianhui (director) · published on 04-07-20244 points ▸
- Founder, WOWCRAB HOLDING BELGIUM, mentioned twice in the deed
- Founder, ZHENG Jianhui, mentioned twice in the deed
- Founding capital, €15,000, 1,500 shares
- Director appointment, ZHENG Jianhui
- The deed holds 3 more points.
First establishment Wolvengracht 28, Brussels
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1011.069.503
- VAT number
- BE 1011.069.503
- Peppol ID
- 0208:1011069503
- Other Peppol ID
- 9925:BE1011069503
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-07-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 24-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- XD HORECA in French
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Wolvengracht 28/B, 1000 Bruxelles”deed of 04-07-2024 (in French)
Activities
NACEBEL 2025VAT activities
56112
Limited-service restaurants, excluding mobile food services main activity
Social security (RSZ) activities
56111
Full-service restaurants main activity
Codes under NACEBEL 2008
56102
Limited-service restaurants main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1.Toutes activités et opérations généralement quelconques se rapportant au management et au conseil pour les affaires,en relations publiques…”deed of 04-07-2024 (in French)
15 activities
- 1.Toutes activités et opérations généralement quelconques se rapportant au management et au conseil pour les affaires,en relations publiques et en communication,en ressources humaines,au marketing,à l'informatique au sens large,et notamment à la programmation informatique;à la consultance informatique et en transformation digitale;à la consultance en stratégie et transformation en intelligence artificielle;au conseil et à la mise en place de nouvelles technologies au sens large;au conseil dans le domaine analytique,du big data,du cloud ou de la digitalisation;au développement d'applications;au développement de e-commerces et de sites web;à la consultance en business intelligence;à la consultance en management,stratégie,organisation d'entreprises;à la maintenance informatique;à l'installation de produits de télécommunications;au traitement de données,hébergement et activités connexes;ainsi que toute autre activité qui serait nécessaire à la réalisation de l'objet social;
- 2.Des services d'administration,de supervision et de contrôle de toutes sociétés,liées ou non,avec ou sans base contractuelle ou statutaire,en la qualité de conseiller externe ou de membre du conseil d'administration(ou d'un éventuel autre organe décisionnel);
- 3.Des activités de recrutement et placement de personnel,de gestion d'équipes et de projets,de formation et évaluation du personnel;
- 4.Des activités de relations publiques,d'organisation d'événements,séminaires,foires et salons professionnels,formations et voyages;
- 5.Des activités d'acquisition ou de souscription à des licences portant sur des droits intellectuels,en vue d'en concéder l'exploitation à d'autres sociétés;
- 6.toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca,l'organisation de banques et réceptions,le service traiteur,y compris l'organisation,la gestion et l'exploitation de restaurants,cafétérias,débits de boissons,ainsi que toutes opérations de tourisme,d'hôtellerie,de divertissements et de loisirs;
- 7.l'exploitation,sous sa propre enseigne ou par voie de franchise ou licence,de tout snack-bar,cafétéria,sandwicherie,service de cuisine rapide ou de petite restauration,de tout service traiteur et/ou d'un ou plusieurs restaurants,ainsi que la livraison à domicile et la vente ambulante;
- 8.l'importation et l'exportation de tous produits se rapportant à l'objet de la société;
- 9.L'achat,l'échange,la vente,la prise en location et en sous-location,ainsi que la cession en location et en sous-location,le tout avec ou sans option d'achat,l'exploitation et l'entretien de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et de manière générale,de tous biens immobiliers,ainsi que toutes opérations de financement.Elle pourra ériger toutes constructions pour son compte ou pour compte de tiers,en tant que maître de l'ouvrage ou entrepreneur général,et effectuer,éventuellement aux biens immobiliers,des transformations et mises en valeur ainsi que l'étude et l'aménagement de lotissements y compris la construction de routes et égouts;souscrire des engagements en tant que conseiller en construction(études de génie civil et des divers équipements techniques des immeubles);acheter tous matériaux,signer tous contrats d'entreprises qui seraient nécessaires;réaliser toutes opérations de change,commission et courtage,ainsi que la gérance d'immeubles.Elle peut acheter,exploiter et construire tant pour elle-même que pour des tiers,par location ou autrement,tous parkings,garages,station-service et d'entretien;
- 10.La société peut réaliser son objet en tous lieux,en Belgique ou à l'étranger,de toutes manières et suivants les modalités qui lui paraîtront les mieux appropriées.Elle peut faire,tant pour elle-même que pour compte de tiers,tous actes et opérations financières,commerciales,industrielles,mobilières ou immobilières se rattachant directement ou indirectement en tout ou en partie à son objet social,ou pouvant en amener le développement ou en faciliter la réalisation,notamment sans que la désignation soit limitative;prêter,emprunter,hypothéquer,acquérir ou céder tous brevets,patentes,licences,marques;s'intéresser par voie d'apport,de cession,de souscription,de participation,de fusion,d'achat d'actions ou autres valeurs,ou par toutes autres voies dans toutes sociétés,entreprises ou associations existantes ou à créer,dont l'objet est identique,analogue,similaire ou connexe à tout ou partie de celui de la présente société,exercer la gérance d'autres sociétés;
- 11.Elle peut s'intéresser par voie d'apport,de fusion,de souscription ou de toute autre manière dans toutes affaires,entreprises associations ou sociétés ayant un objet identique,analogue ou connexe au sien,ou qui sont de nature à favoriser le développement de son entreprise,à lui procurer des matières premières ou à faciliter l'écoulement de ses produits.La société peut accepter et exercer un mandat d'administrateur,de gérant ou de liquidateur dans toutes sociétés,quel que soit son objet social.La société pourra exercer toutes activités d'intermédiaire commercial dans les domaines ci-dessus énumérés et dans tous secteurs dont l'activité n'est pas réglementée à ce jour.La société peut constituer hypothèque ou toute autre sûreté réelle sur les biens sociaux ou se porter caution.Elle peut prêter à toutes sociétés et/ou personnes physiques et se porter caution pour elles,même hypothécairement;
- 12.Elle peut entreprendre,soit seule,soit avec d'autres,directement ou indirectement,pour son compte ou pour le compte de tiers,toutes opérations mobilières,immobilières ou financières se rattachant directement ou indirectement à son développement;
- 13.Elle peut,à cet égard,acquérir ou vendre sans restriction tout immeuble sis en Belgique ou à l'étranger,et de manière générale effectuer tout opération mobilière et immobilière en Belgique ou à l'étranger;
- 14.Elle peut également prêter à toutes sociétés et/ou personnes physiques et se porter caution pour elles,même hypothécairement;
- 15.L'objet de la société doit être interprété de manière extensive et non de manière restrictive.
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Wolvengracht 28 registered office 1000 Brussels | 02-07-2024 | 2.361.724.623 | Restaurant |
Buildings and parcels at the address
- Ground area
- 1,297 m²
- Buildings
- 1,335 m²
- Volume, LiDAR
- 30,758 m³
- Tallest building
- 34.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21802B0892/00E000 | 1,297 m² | 1 · 1,335 m² | 34.4 m · 10 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Recognitions
Food safety, FASFC
1 siteBrusselsunit number 2.361.724.623