WANG CAI
ActiveSummary
The computed 12-month bankruptcy probability of WANG CAI is 1.7% (moderate). The 2024 annual accounts show equity of €43k and a net result of €17k. Equity is shrinking by ~22.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 95% of 18936 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
86
/ 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
Profitability100▲+100
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 12.37 against 8.08 in 2023; short-term debt: 8.1% and cash: 91.6% of total assets), and 8.5% of the assets are financed with debt.
Credit check 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €43k
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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
36 d late
2022
32 d late
2021
59 d late
2020
1 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€43k▲ 65.9%
2023 · €26k
2018: €93k
2019: €91k
2020: €98k
2021: €60k
2022: €35k
2023: €26k
2018 → 2024
Total assets
€47k▲ 58.2%
2023 · €29k
2018: €100k
2019: €93k
2020: €98k
2021: €61k
2022: €41k
2023: €29k
2018 → 2024
Net result
€17k
2023 · €-10k
2018: €4k
2019: €-1k
2020: €6k
2021: €8k
2022: €-25k
2023: €-10k
2018 → 2024
Working capital
€43k▲ 66.7%
2023 · €26k
2018: €51k
2019: €62k
2020: €76k
2021: €46k
2022: €28k
2023: €26k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€98k-€60k▼ 38.4%€35k▼ 41.2%€26k▼ 27.3%€43k▲ 65.9%
Operating result€6k-€9k▲ 46.6%€-25k€-9k▲ 63.0%€17k
Net result€6k-€8k▲ 23.2%€-25k€-10k▲ 60.9%€17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €17k after a loss of €9k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47k
Fixed assets
€101 ▼ 50.0%
Current assets
€46k ▲ 58.9%
Equity and liabilities €47k
Equity
€43k ▲ 65.9%
Debt
€4k ▲ 5.3%
Debt's share of the balance-sheet total falls from 12.7% to 8.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€17k▲
2023 · €-2k
Cash flow
€17k▲
2023 · €-2k
Current ratio
12.37▲
2023 · 8.08
Quick ratio
11.55▲
2023 · 7.11
Debt to equity
0.09▼
2023 · 0.15
ROE
39.7%▲
2023 · -37.6%
ROA
36.4%▲
2023 · -32.8%
Interest coverage
77.05▲
2023 · -4.31
Debt ≤ 1 year
€4k▲
2023 · €4k
Income taxes
€178▲
2023 · €170
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 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€29k€47k▲
Fixed assets21/28€201€101▼
Tangible fixed assets22/27€201€101▼
Furniture and vehicles24€201€101▼
Current assets29/58€29k€46k▲
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€924€70▼
Trade receivables40€880€70▼
Other amounts receivable41€44-
Cash at bank and in hand54/58€24k€43k▲
Deferred charges and accrued income490/1€846€640▼
Equity and liabilities
Total equity and liabilities10/49€29k€47k▲
Equity10/15€26k€43k▲
Contributions10/11€45k€45k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-34k€-17k▲
Amounts payable17/49€4k€4k▲
Amounts payable within one year42/48€4k€4k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€170€517▲
Taxes450/3€170€517▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€128€190▲
Income statement
Code20232024
Non-recurring operating income76A€384€369▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€101▼
Gross operating margin9900€-2k€17k▲
Operating profit (loss)9901€-9k€17k▲
Financial income75/76B-€32
Recurring financial income75-€32
Financial charges65/66B€432€226▼
Recurring financial charges65€432€226▼
Profit (loss) for the period before taxes9903€-9k€17k▲
Income taxes67/77€170€178▲
Profit (loss) for the period9904€-10k€17k▲
Profit (loss) for the period to be appropriated9905€-10k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-17k▲
Profit (loss) brought forward from the previous period14P€-25k€-34k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 198.47
Current ratio from 34.09 to 198.47; short-term debt falls from €2k to €384.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 34.09
Current ratio from 7.91 to 34.09; short-term debt falls from €7k to €2k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
Show earlier events
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 37 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2014
Ground area
394 m²
Building footprint
231 m²
Volume, LiDAR
1,892 m³
Parcel 11344A0480/00X004, Flanders · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Frituur 't Draakske
since 20142.232.637.320
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11344A0480/00X004 | Flanders | 394 m² | 1 · 231 m² | 11.9 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 siteAntwerpen2.232.637.320
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,438 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
Founded10-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.