CHINA PALEIS
ActiveThe computed 12-month bankruptcy probability of CHINA PALEIS is 1.7% (moderate). The 2024 annual accounts show equity of €76k and a net result of €18k. Equity is growing by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 18942 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▼-11
Solvency93▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.86 against 1.91 in 2023; short-term debt: 31.6% and cash: 76.4% of total assets), and 31.6% 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.
−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 · 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
37 d early
2022
39 d early
2021
37 d early
2020
33 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€295k
EBIT margin
0.6%
Net result
€18k▼ 44.8%
2023 · €32k
2018: €171
2019: €2k
2020: €21k
2021: €15k
2022: €-22k
2023: €32k
2018 → 2024
Working capital
€65k▲ 46.1%
2023 · €45k
2018: €-23k
2019: €-20k
2020: €5k
2021: €24k
2022: €8k
2023: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€48k▲ 46.2%€26k▼ 45.9%€58k▲ 123%€76k▲ 30.5%
Operating result€27k-€23k▼ 15.1%€-20k€39k€27k▼ 31.4%
Net result€21k-€15k▼ 28.8%€-22k€32k€18k▼ 44.8%
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 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €111k
Fixed assets
€11k▼ 21.1%
Current assets
€100k▲ 6.7%
Equity and liabilities €111k
Equity
€76k▲ 30.5%
Debt
€35k▼ 29.0%
The debt ratio falls from 45.9% to 31.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2023 · €45k
Cash flow
€22k▼
2023 · €37k
Solvency
68.4%▲
2023 · 54.1%
Current ratio
2.86▲
2023 · 1.91
Quick ratio
2.72▲
2023 · 1.77
Debt / equity
0.46▼
2023 · 0.85
ROE
23.4%▼
2023 · 55.2%
ROA
16.0%▼
2023 · 29.9%
Interest coverage
13.38▼
2023 · 18.79
Debt
€35k▼
2023 · €49k
Debt ≤ 1 year
€35k▼
2023 · €49k
Income taxes
€7k▲
2023 · €5k
Staff costs
€110k▲
2023 · €91k
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€107k€111k▲
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Land and buildings22€3k€3k▲
Plant, machinery and equipment23€11k€8k▼
Current assets29/58€94k€100k▲
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€14k€9k▼
Trade receivables40€13k€9k▼
Other amounts receivable41€473-
Cash at bank and in hand54/58€71k€85k▲
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€107k€111k▲
Equity10/15€58k€76k▲
Contributions10/11€6k€6k=
Reserves13€52k€70k▲
Distributable reserves133€52k€70k▲
Amounts payable17/49€49k€35k▼
Amounts payable within one year42/48€49k€35k▼
Trade debts44€18k€9k▼
Suppliers440/4€18k€9k▼
Taxes, remuneration and social security45€30k€24k▼
Taxes450/3€21k€15k▼
Remuneration and social security454/9€9k€9k▲
Other amounts payable47/48€1k€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€91k€110k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€138k€144k▲
Operating profit (loss)9901€39k€27k▼
Financial income75/76B€36€19▼
Recurring financial income75€36€19▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€37k€25k▼
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€32k€18k▼
Profit (loss) for the period to be appropriated9905€32k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€18k▲
Profit (loss) brought forward from the previous period14P€-17k-
Transfer to equity691/2€15k€18k▲
To other reserves6921€15k€18k▲
The notes to these accounts (5 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 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-22k ▼245%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.13
Current ratio from 0.45 to 1.13.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-07
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, Sint-Truiden · 1 establishment unit since 2015
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.
Luikerstraat 843800 Sint-TruidenGround area
307 m²
Building footprint
300 m²
Volume, LiDAR
2,337 m³
Parcel 71053H1162/00S000, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
China Paleis
since 20152.240.460.171
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053H1162/00S000 | Flanders | 307 m² | 1 · 300 m² | 14.9 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Truiden2.240.460.171
Similar companies · same sector, comparable size
ARMILE
BE 0678.529.549
Brugge · Eq €76k
NEW CENTURY
BE 0800.788.844
Esneux · Eq €76k
BAROMETRE MAH
BE 0797.262.695
Mons · Eq €76k
Reiina
BE 0474.019.994
Turnhout · Eq €76k
Billie & Bolo
BE 1001.936.655
Brussel · Eq €76k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,798 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2015
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.