XING CHEN
ActiveSummary
The computed 12-month bankruptcy probability of XING CHEN is 2.2% (moderate). The 2024 annual accounts show equity of €45k and a net result of €15k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 18941 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability93▼-7
Solvency83▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.41 in 2023; short-term debt: 38.9% and cash: 56.2% of total assets), and 42.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57.9%
Return on assets
19.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
28 d late
2022
28 d late
2021
24 d late
2020
28 d late
2019
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Name match with a sanctions list
1 entryXING CHEN
A name match is not a finding that this company itself is on the list; check the entry at the source.
Financials · fiscal year 2024, micro schema
Equity
€45k▲ 50.8%
2023 · €30k
2018: €22k
2019: €12k
2020: €25k
2021: €46k
2022: €27k
2023: €30k
2018 → 2024
Total assets
€79k▲ 67.0%
2023 · €47k
2018: €135k
2019: €100k
2020: €68k
2021: €77k
2022: €41k
2023: €47k
2018 → 2024
Net result
€15k▼ 31.1%
2023 · €22k
2018: €3k
2019: €-10k
2020: €13k
2021: €36k
2022: €-20k
2023: €22k
2018 → 2024
Working capital
€29k▲ 320%
2023 · €7k
2018: €-24k
2019: €-39k
2020: €-15k
2021: €34k
2022: €17k
2023: €7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€46k▲ 84.6%€27k▼ 42.7%€30k▲ 13.7%€45k▲ 50.8%
Operating result€16k-€39k▲ 137%€-15k€23k€22k▼ 1.9%
Net result€13k-€36k▲ 169%€-20k€22k€15k▼ 31.1%
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 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79k
Fixed assets
€19k ▼ 19.0%
Current assets
€60k ▲ 151%
Equity and liabilities €79k
Equity
€45k ▲ 50.8%
Debt
€33k ▲ 96.0%
Debt's share of the balance-sheet total rises from 35.9% to 42.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29k▼
2023 · €35k
Cash flow
€23k▼
2023 · €35k
Current ratio
1.95▲
2023 · 1.41
Quick ratio
1.76▲
2023 · 1.11
Debt to equity
0.73▲
2023 · 0.56
ROE
33.7%▼
2023 · 73.7%
ROA
19.5%▼
2023 · 47.3%
Interest coverage
22.55▼
2023 · 26.11
Debt ≤ 1 year
€31k▲
2023 · €17k
Income taxes
€6k
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 · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€47k€79k▲
Fixed assets21/28€23k€19k▼
Intangible fixed assets21€9k€5k▼
Tangible fixed assets22/27€13k€12k▼
Furniture and vehicles24€453€3k▲
Other tangible fixed assets26€12k€9k▼
Financial fixed assets28€2k€2k=
Current assets29/58€24k€60k▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€2k€10k▲
Other amounts receivable41€2k€10k▲
Cash at bank and in hand54/58€17k€44k▲
Equity and liabilities
Total equity and liabilities10/49€47k€79k▲
Equity10/15€30k€45k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€28k€44k▲
Amounts payable17/49€17k€33k▲
Amounts payable within one year42/48€17k€31k▲
Trade debts44€12k€16k▲
Suppliers440/4€12k€16k▲
Taxes, remuneration and social security45€183€11k▲
Taxes450/3€183€11k▲
Other amounts payable47/48€5k€4k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€7k▼
Other operating charges640/8€12k€11k▼
Gross operating margin9900€47k€41k▼
Operating profit (loss)9901€23k€22k▼
Financial income75/76B€1k€590▼
Recurring financial income75€1k€590▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€22k€21k▼
Income taxes67/77-€6k
Profit (loss) for the period9904€22k€15k▼
Profit (loss) for the period to be appropriated9905€22k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€44k▲
Profit (loss) brought forward from the previous period14P€6k€28k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-20k ▼155%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €36k ▲169%
Operating result €39k, net result €36k, both a record.
31-12
Financial
Liquidity times 5current ratio 3.37
Current ratio from 0.66 to 3.37; short-term debt falls from €43k to €14k.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Binche · 1 establishment unit since 2018
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.
Avenue Charles Deliège(BIN) 367130 BincheGround area
299 m²
Building footprint
73 m²
Volume, LiDAR
983 m³
Parcel 56011B0853/00F000, Wallonia · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Shanghai Express
since 20182.269.352.711
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56011B0853/00F000 | Wallonia | 299 m² | 1 · 73 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteBinche2.269.352.711
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,795 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473/354579