XIN SEN
ActiveThe computed 12-month bankruptcy probability of XIN SEN is 1.5% (moderate). The 2024 annual accounts show equity of €683k and a net result of €159k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 93% of 2935 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 5.66 against 7.62 in 2023; short-term debt: 13.1% and cash: 58.9% of total assets), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 56
higher
← 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 2024Solvency, return and age of the figures
Solvency
80.4%
Return on assets
18.7%
Age of the figures
21 mo
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
1 d early
2022
53 d early
2021
6 d late
2020
17 d late
2019
98 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€683k▲ 6.8%
2023 · €639k
2018: €242k
2019: €313k
2020: €337k
2021: €432k
2022: €557k
2023: €639k
2018 → 2024
Total assets
€849k▲ 17.6%
2023 · €722k
2018: €382k
2019: €461k
2020: €418k
2021: €566k
2022: €616k
2023: €722k
2018 → 2024
Net result
€159k▲ 22.7%
2023 · €129k
2018: €115k
2019: €73k
2020: €24k
2021: €134k
2022: €125k
2023: €129k
2018 → 2024
Working capital
€519k▼ 5.5%
2023 · €549k
2018: €188k
2019: €215k
2020: €245k
2021: €321k
2022: €452k
2023: €549k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€337k-€432k▲ 28.3%€557k▲ 29.0%€639k▲ 14.7%€683k▲ 6.8%
Operating result€32k-€181k▲ 472%€179k▼ 1.1%€187k▲ 4.6%€213k▲ 14.2%
Net result€24k-€134k▲ 471%€125k▼ 6.7%€129k▲ 3.1%€159k▲ 22.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €849k
Fixed assets
€219k▲ 144%
Current assets
€631k▼ 0.3%
Equity and liabilities €849k
Equity
€683k▲ 6.8%
Debt
€166k▲ 100%
The debt ratio rises from 11.5% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€247k▲
2023 · €224k
Cash flow
€192k▲
2023 · €167k
Solvency
80.4%▼
2023 · 88.5%
Current ratio
5.66▼
2023 · 7.62
Quick ratio
5.57▼
2023 · 7.62
Debt / equity
0.24▲
2023 · 0.13
ROE
23.2%▲
2023 · 20.2%
ROA
18.7%▲
2023 · 17.9%
Interest coverage
70.26▼
2023 · 164.43
Debt
€166k▲
2023 · €83k
Debt ≤ 1 year
€111k▲
2023 · €83k
Debt > 1 year
€55k
Income taxes
€61k▲
2023 · €58k
Staff costs
€284k▲
2023 · €234k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€722k€849k▲
Fixed assets21/28€90k€219k▲
Tangible fixed assets22/27€90k€218k▲
Land and buildings22€10k€33k▲
Plant, machinery and equipment23€34k€60k▲
Furniture and vehicles24€7k€18k▲
Leasing and similar rights25-€74k
Other tangible fixed assets26€38k€33k▼
Financial fixed assets28€125€125=
Current assets29/58€633k€631k▼
Stocks and contracts in progress3-€10k
Stocks30/36-€10k
Amounts receivable within one year40/41€86k€24k▼
Trade receivables40€33k€9k▼
Other amounts receivable41€53k€14k▼
Current investments50/53€390k€95k▼
Cash at bank and in hand54/58€156k€500k▲
Deferred charges and accrued income490/1€800€2k▲
Equity and liabilities
Total equity and liabilities10/49€722k€849k▲
Equity10/15€639k€683k▲
Contributions10/11€19k€19k=
Reserves13€621k€664k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€619k€664k▲
Amounts payable17/49€83k€166k▲
Amounts payable after more than one year17-€55k
Financial debts170/4-€55k
Amounts payable within one year42/48€83k€111k▲
Current portion of amounts payable after more than one year42-€20k
Trade debts44€27k€45k▲
Suppliers440/4€27k€45k▲
Taxes, remuneration and social security45€56k€46k▼
Taxes450/3€29k€14k▼
Remuneration and social security454/9€27k€32k▲
Income statement
Code20232024
Remuneration, social security and pensions62€234k€284k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€34k▼
Other operating charges640/8€6k€13k▲
Non-recurring operating charges66A€2k€1k▼
Gross operating margin9900€466k€545k▲
Operating profit (loss)9901€187k€213k▲
Financial income75/76B€2k€10k▲
Recurring financial income75€2k€10k▲
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€187k€220k▲
Income taxes67/77€58k€61k▲
Profit (loss) for the period9904€129k€159k▲
Profit (loss) for the period to be appropriated9905€129k€159k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€159k▲
Transfer from equity791/2€47k€115k▲
Transfer to equity691/2€129k€159k▲
To other reserves6921€129k€159k▲
Profit to be distributed694/7€47k€115k▲
Return on contributions (dividend)694€47k€115k▲
Social balance
Average headcount (FTE)90875.06.6▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €159k ▲22.7%
Operating result €213k, net result €159k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 8.72
Current ratio from 3.51 to 8.72; short-term debt falls from €128k to €59k.
31-12
Financial
Equity above €500kEq €557k ▲29%
5 profitable years in a row build equity to €557k.
06-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 6 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €24k ▼67.8%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Torhout · 2 establishment units since 2003
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.
Roeselaarseweg 698820 TorhoutGround area
2,394 m²
Building footprint
513 m²
Volume, LiDAR
2,245 m³
2 parcels, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
CHEN'S GARDEN
since 20032.132.001.008
Xin SEN
since 20252.375.573.946
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523F0607/00F000 | Flanders | 2,283 m² | 1 · 402 m² | 9.6 m · 1 fl. |
| 32003B0006/00T003 | Flanders | 111 m² | 1 · 111 m² | 11.1 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesTorhout2.132.001.008
Diksmuide2.375.573.946
Similar companies · same sector, comparable size
LA REGALADE
BE 0872.355.840
Arlon · Eq €684k
PANADAS FACTORY
BE 0829.395.035
Anderlecht · Eq €686k
LOONG
BE 0889.206.522
Jabbeke · Eq €680k
OAK
BE 0660.869.215
Gent · Eq €680k
DKI
BE 0631.723.683
Aalst · Eq €679k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 5,387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2000
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
46392Non-specialised wholesale
51392
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.