ZHAO-CHEN
ActiveThe computed 12-month bankruptcy probability of ZHAO-CHEN is 2.3% (moderate). The 2024 annual accounts show equity of €176k and a net result of €47k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 18939 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-2
Solvency59▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.03 in 2023; short-term debt: 35.1% and cash: 20.1% of total assets), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
65 d late
2022
95 d late
2021
61 d late
2020
41 d late
2019
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€176k▲ 10.8%
2023 · €159k
2018: €43k
2019: €71k
2020: €103k
2021: €127k
2022: €140k
2023: €159k
2018 → 2024
Total assets
€520k▲ 20.5%
2023 · €431k
2018: €461k
2019: €473k
2020: €467k
2021: €537k
2022: €496k
2023: €431k
2018 → 2024
Net result
€47k▲ 2.9%
2023 · €46k
2018: €55k
2019: €43k
2020: €33k
2021: €23k
2022: €14k
2023: €46k
2018 → 2024
Working capital
€8k▲ 217%
2023 · €3k
2018: €-23k
2019: €9k
2020: €40k
2021: €52k
2022: €85k
2023: €3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€103k-€127k▲ 22.3%€140k▲ 10.9%€159k▲ 13.0%€176k▲ 10.8%
Operating result€55k-€38k▼ 31.2%€29k▼ 24.0%€58k▲ 103%€78k▲ 34.4%
Net result€33k-€23k▼ 29.3%€14k▼ 40.3%€46k▲ 233%€47k▲ 2.9%
Turnover and EBIT margin not published: the 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 34% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €520k
Fixed assets
€329k▼ 3.0%
Current assets
€191k▲ 107%
Equity and liabilities €520k
Equity
€176k▲ 10.8%
Debt
€344k▲ 26.2%
The debt ratio rises from 63.3% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€114k▲
2023 · €83k
Cash flow
€84k▲
2023 · €71k
Solvency
33.8%▼
2023 · 36.7%
Current ratio
1.05▲
2023 · 1.03
Quick ratio
1.04▲
2023 · 1.02
Debt / equity
1.96▲
2023 · 1.72
ROE
26.9%▼
2023 · 28.9%
ROA
9.1%▼
2023 · 10.6%
Interest coverage
11.07▲
2023 · 8.08
Debt
€344k▲
2023 · €273k
Debt ≤ 1 year
€182k▲
2023 · €89k
Debt > 1 year
€162k▼
2023 · €184k
Income taxes
€21k▲
2023 · €4k
Staff costs
€29k▲
2023 · €24k
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€431k€520k▲
Fixed assets21/28€340k€329k▼
Intangible fixed assets21€74k€65k▼
Tangible fixed assets22/27€261k€260k▼
Land and buildings22€202k€189k▼
Plant, machinery and equipment23€57k€49k▼
Furniture and vehicles24€2k€21k▲
Other tangible fixed assets26-€1k
Financial fixed assets28€4k€4k=
Current assets29/58€92k€191k▲
Stocks and contracts in progress3€686€1k▲
Stocks30/36€686€1k▲
Amounts receivable within one year40/41€16k€83k▲
Trade receivables40€14k€81k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€72k€104k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€431k€520k▲
Equity10/15€159k€176k▲
Contributions10/11€19k€19k=
Reserves13€140k€157k▲
Distributable reserves133€140k€157k▲
Amounts payable17/49€273k€344k▲
Amounts payable after more than one year17€184k€162k▼
Financial debts170/4€184k€162k▼
Amounts payable within one year42/48€89k€182k▲
Current portion of amounts payable after more than one year42€22k€23k▲
Trade debts44€7k€76k▲
Suppliers440/4€7k€76k▲
Taxes, remuneration and social security45€9k€34k▲
Taxes450/3€8k€29k▲
Remuneration and social security454/9€929€5k▲
Other amounts payable47/48€51k€49k▼
Income statement
Code20232024
Remuneration, social security and pensions62€24k€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€36k▲
Other operating charges640/8€5k€9k▲
Gross operating margin9900€112k€153k▲
Operating profit (loss)9901€58k€78k▲
Financial income75/76B€2k€943▼
Recurring financial income75€2k€943▼
Financial charges65/66B€10k€10k▲
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€50k€69k▲
Income taxes67/77€4k€21k▲
Profit (loss) for the period9904€46k€47k▲
Profit (loss) for the period to be appropriated9905€46k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€47k▲
Transfer to equity691/2€6k€17k▲
To other reserves6921€6k€17k▲
Profit to be distributed694/7€40k€30k▼
Return on contributions (dividend)694-€30k
Directors or managers695€40k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Equity above €150kEq €159k ▲13%
6 profitable years in a row build equity to €159k.
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 95 days late
2022
31-12
Financial
Weakest financial yearnet €14k ▼40.3%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
31-12
Financial
Equity above €100kEq €103k ▲46.1%
3 profitable years in a row build equity to €103k.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wommelgem · 2 establishment units since 2014
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.
Sint-Damiaanstraat 12160 WommelgemGround area
246 m²
Building footprint
246 m²
Volume, LiDAR
2,382 m³
2 parcels, Flanders · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
DE PUNTZAK
since 20142.235.961.252
Den Trommel
since 20232.353.552.570
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0363/00H000 | Flanders | 131 m² | 1 · 131 m² | 11.4 m · 3 fl. |
| 11343A0598/00R031 | Flanders | 114 m² | 1 · 114 m² | 12.5 m · 4 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteWommelgem2.235.961.252
Similar companies · same sector, comparable size
DEVISSCHER RUBEN
BE 0782.608.470
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GUYS BURGER
BE 0548.772.055
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FRIET SEBIET
BE 0697.905.102
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BULDUK
BE 0890.370.423
Elsene · Eq €176k
M.M.S.S.
BE 0825.106.744
Blankenberge · Eq €176k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 6,973 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2014
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
47783Retail trade
47784Retail trade
96102Launderettes and laundries for private customers
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.