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CHENG

Active
Private limited company (pre-2019)·Activiteiten van eetgelegenheden met volledige bediening· 11 yrs active
Colonel Silvertopstraat 5-7 ·2850 Boom, Belgium
KBO/BCE: BE 0628.972.843
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Age11 yrs
Real estate1 parcel · 1,239 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CHENG is 1.7% (moderate). The 2023 annual accounts show negative equity (€-102k) and a net result of €-8k. Equity is shrinking by ~34.4% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.7% Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 379 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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.
How we compute the deadline
The year end is derived from 8 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 30-09-2024 61 d late 2024-00483488
31-12-2022 31-07-2023 15-10-2023 76 d late 2023-00485867
31-12-2021 31-07-2022 07-12-2022 129 d late 2022-20535475
31-12-2020 31-07-2021 27-10-2021 88 d late 2021-73200364
31-12-2019 31-07-2020 17-10-2020 78 d late 2020-62800266
31-12-2018 31-07-2019 02-08-2019 2 d late 2019-43500351
31-12-2017 31-07-2018 31-08-2018 31 d late 2018-57400096
31-12-2016 31-07-2017 02-08-2017 2 d late 2017-40600036

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-8k-23.9%
Working capital€-124k+3.0%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · micro
€-150k€-100k€-50k€0Operating result 2019: €-36k€-36kNet result 2019: €-60k€-60kOperating result 2020: €-52k€-52kNet result 2020: €-115k€-115kOperating result 2021: €-20k€-20kNet result 2021: €-31k€-31kOperating result 2022: €-5k€-5kNet result 2022: €-6k€-6kOperating result 2023: €-7k€-7kNet result 2023: €-8k€-8k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~34.4%/year over 6 fiscal years, indicative, assuming unchanged policy.
€-300k€-200k€-100k€02024: €-144k (€-171k - €-117k)2025: €-170k (€-213k - €-126k)2026: €-196k (€-256k - €-136k)2018: €29k2019: €-9k2020: €-64k2021: €-88k2022: €-95k2023: €-102k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€6k
-20.1% 18-23
Net profit
€-8k
-23.9% 18-23
Cash flow
€5k
-24.0% 18-23
Total assets
€30k
-22.6% 18-23
Equity
€-102k
-8.2% 18-23
Working capital
€-124k
+3.0% 18-23
Employees (FTE)
5
- 18-23
Staff costs
€-296
+47.9% 18-23
Income taxes
€374
- 18-23
Dividends
€0
- 18-23
Debt
€133k
-0.8% 18-23
Debt ≤ 1y
€133k
-0.8% 18-23
Debt > 1y
€31k
- 18-23
Current ratio
0.07
+44.1% 18-23
Quick ratio
0.05
+49.6% 18-23
Solvency
-338.1%
-39.7% 18-23
Debt / equity
-1.30
+8.3% 18-23
ROE
7.5%
+14.6% 18-23
ROA
-25.5%
-60.1% 18-23
Interest coverage
5.76
-20.4% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€6k
Net profit€-8k
Cash flow€5k
Staff costs€-296
Income taxes-
Dividends-
Total assets€30k
Equity€-102k
Debt€133k
of which ≤ 1y€133k
of which > 1y-
Working capital€-124k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.07
Quick ratio0.05
Working capital ratio-408.4%
Solvency-338.1%
Debt / equity-1.30
Long-term debt ratio-
Interest coverage5.76
Gross margin-
Net margin-
ROA-25.5%
ROE7.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€30k
Fixed assets 21/28€21k
Intangible fixed assets 21€3k
Tangible fixed assets 22/27€18k
Financial fixed assets 28€361
Current assets 29/58€9k
Stocks & contracts in progress 3€2k
Amounts receivable within one year 40/41€5k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€30k
Equity 10/15€-102k
Contributions / capital 10/11€19k
Reserves 13€32k
Accumulated profits (losses) 14€-153k
Amounts payable 17/49€133k
Amounts payable within one year 42/48€133k
Trade debts payable within one year 44€24k
Income statement
Gross operating margin 9900€11k
Operating result 9901€-7k
Financial income 75€191
Financial charges 65€1k
Result before taxes 9903€-8k
Net result for the period 9904€-8k
Result to be appropriated 9905€-8k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
18 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Colonel Silvertopstraat 5-72850 Boom

Establishment units

1 location
Cheng's Garden
Colonel Silvertopstraat 5-7, 2850 BoomEetgelegenheden met volledige bediening
since 20152.241.516.085
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,239 m²
Buildings1
Building footprint117 m²
Volume (LiDAR)1,164 m³
Tallest building20.4 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11005B0133/00R000 Flanders 1,239 m² 1 · 117 m² 20.4 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health18Profitability38Solvency33Growth58Stability100
49 / 100

Mixed profile: strong on stability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 18
Profitability 38
Solvency 33
Growth 58
Stability 100

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 2,912 of the 20,287 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Catering56210Catering van evenementen56210
Primary activity highlighted.
Names & trade names
Legal nameNL CHENG
Registered office
Colonel Silvertopstraat 5-7
2850 Boom, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.