NEW SHANGHAI
ActiveNEW SHANGHAI has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €-8k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 13204 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▼-14
Solvency91▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.78 in 2024; short-term debt: 33.8% and cash: 39.1% of total assets), and 33.8% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
31 d early
2023
43 d early
2022
42 d early
2021
33 d early
2020
26 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€136k▼ 5.4%
2024 · €143k
2018: €-62k
2019: €-11k
2020: €16k
2021: €100k
2022: €137k
2023: €128k
2024: €143k
2018 → 2025
Total assets
€205k▼ 9.4%
2024 · €226k
2018: €115k
2019: €99k
2020: €104k
2021: €219k
2022: €285k
2023: €231k
2024: €226k
2018 → 2025
Net result
€-8k
2024 · €16k
2018: €55k
2019: €51k
2020: €28k
2021: €83k
2022: €37k
2023: €-9k
2024: €16k
2018 → 2025
Working capital
€60k▲ 1.1%
2024 · €59k
2018: €-129k
2019: €-69k
2020: €-22k
2021: €87k
2022: €50k
2023: €43k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€137k▲ 37.2%€128k▼ 6.6%€143k▲ 12.5%€136k▼ 5.4%
Operating result€94k-€55k▼ 40.8%€6k▼ 89.2%€18k▲ 206%€-10k
Net result€83k-€37k▼ 55.4%€-9k€16k€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €18k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205k
Fixed assets
€76k▼ 16.6%
Current assets
€129k▼ 4.5%
Equity and liabilities €205k
Equity
€136k▼ 5.4%
Debt
€69k▼ 16.2%
The debt ratio falls from 36.5% to 33.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▼
2024 · €48k
Cash flow
€23k▼
2024 · €45k
Solvency
66.2%▲
2024 · 63.5%
Current ratio
1.87▲
2024 · 1.78
Quick ratio
1.74▼
2024 · 1.77
Debt / equity
0.51▼
2024 · 0.58
ROE
-5.7%▼
2024 · 11.1%
ROA
-3.8%▼
2024 · 7.0%
Interest coverage
6.32▼
2024 · 10.36
Debt
€69k▼
2024 · €83k
Debt ≤ 1 year
€69k▼
2024 · €76k
Income taxes
€-4k▼
2024 · €-469
Staff costs
€110k▼
2024 · €119k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€226k€205k▼
Fixed assets21/28€91k€76k▼
Tangible fixed assets22/27€90k€75k▼
Plant, machinery and equipment23€3k€13k▲
Furniture and vehicles24€57k€37k▼
Other tangible fixed assets26€30k€25k▼
Financial fixed assets28€355€355=
Current assets29/58€135k€129k▼
Stocks and contracts in progress3€601€9k▲
Stocks30/36€601€9k▲
Amounts receivable within one year40/41€7k€37k▲
Trade receivables40€3k€23k▲
Other amounts receivable41€5k€14k▲
Current investments50/53€70k-
Cash at bank and in hand54/58€55k€80k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€226k€205k▼
Equity10/15€143k€136k▼
Contributions10/11€19k€19k=
Reserves13€51k€51k=
Distributable reserves133€51k€51k=
Profit (loss) carried forward14€73k€66k▼
Amounts payable17/49€83k€69k▼
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€76k€69k▼
Current portion of amounts payable after more than one year42€23k€7k▼
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€17k€32k▲
Suppliers440/4€17k€32k▲
Taxes, remuneration and social security45€28k€29k▲
Taxes450/3€12k€8k▼
Remuneration and social security454/9€16k€21k▲
Other amounts payable47/48€6k-
Accrued charges and deferred income492/3€66€17▼
Income statement
Code20242025
Remuneration, social security and pensions62€119k€110k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€31k▲
Other operating charges640/8€4k€3k▼
Gross operating margin9900€171k€134k▼
Operating profit (loss)9901€18k€-10k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€15k€-12k▼
Income taxes67/77€-469€-4k▼
Profit (loss) for the period9904€16k€-8k▼
Profit (loss) for the period to be appropriated9905€16k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€66k▼
Profit (loss) brought forward from the previous period14P€57k€73k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-9k ▼124%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €137k ▲37.2%
5 profitable years in a row build equity to €137k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €83k ▲200%
Net result €83k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 2.07
Current ratio from 0.72 to 2.07.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
19-07
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
27-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 119 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Soignies · 1 establishment unit since 2002
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.
Rue de Steenkerque 347060 SoigniesGround area
1,247 m²
Building footprint
587 m²
Volume, LiDAR
2,490 m³
Parcel 55040A0445/00F003, Wallonia · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue de Steenkerque 34, 7060 Soignies
since 20022.098.778.805
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0445/00F003 | Wallonia | 1,247 m² | 1 · 587 m² | 9.5 m · 1 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 siteSoignies2.098.778.805
Similar companies · same sector, comparable size
Aperitivo M&R
BE 0698.756.128
Genk · Eq €136k
DARIO RESTAURATION
BE 0533.869.984
Manage · Eq €136k
MuZo
BE 0885.513.295
Gent · Eq €136k
K & S
BE 0840.960.603
Nieuwerkerken (Limb.) · Eq €136k
BUONOPANE
BE 0874.427.680
La Louvière · Eq €136k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 9,199 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2001
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
55522
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.