Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KONG WAH from Zaventem, company number BE0645909538, closed financial year 2025 with a result of € -366,288 after tax. For that financial year KONG WAH recorded a gross margin of € 316,109 and equity of € -1.4 million. Compared with financial year 2024, the result moved from € -178,616 to € -366,288. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -1.4 million
▼ € 366,288 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -366,288
▼ 105 % more loss than in 2024
Profit after tax over the fiscal year.
€ 18,882
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
Debts at end 2025
€ 485,180
▼ 34% vs 2024
€ 183,229 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 325,595
▲ € 261,749 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 302,581 | € 545,614 | € 347,382 | € 316,109 | ▼ 9% |
| Profit after taxes | € -222,056 | € -144,528 | € -178,616 | € -366,288 | ▼ € 187,672 |
| Equity | € -749,013 | € -893,540 | € -1,072,156 | € -1,438,444 | ▼ € 366,288 |
| Total debts | € 7,977,823 | € 8,049,586 | € 7,967,754 | € 8,215,068 | ▲ 3% |
| Cash | € 3,874 | € 1,223 | € 27,225 | € 18,882 | ▼ 31% |
| Land & buildings | € 6,447,254 | € 6,515,584 | € 6,200,392 | € 5,953,508 | ▼ 4% |
| Retained profit | € -755,901 | € -900,428 | € -1,079,044 | € -1,445,332 | ▼ € 366,288 |
| Bank debt | € 1,236,164 | € 966,083 | € 731,495 | € 485,180 | ▼ 34% |
| Balance sheet total | € 7,228,811 | € 7,156,046 | € 6,895,598 | € 6,776,624 | ▼ 2% |
Key figures of KONG WAH, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KONG WAH?
What happened at KONG WAH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 366,288. filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Zaventem. KBO
- Zhudou Lin became a director. NBB
- Lai San Lin became a director. NBB
In short
From € 222,056 loss in 2022 to € 366,288 loss in 2025.
Management
Behind KONG WAH are Zhudou Lin and Lai San Lin. Zhudou Lin is also behind HECHI BRUSSEL. Lai San Lin is also behind Hechi and LIN'S.
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
Minervastraat 1
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- LIN Zhudou(oprichter) 90%
- LIN Lai San(oprichter) 5%
- HU HU Shao Shai(oprichter) 5%
Details
- Company number
- 0645.909.538
- VAT number
- BE 0645.909.538
- Registered office
- Minervastraat 1, 1930 Zaventem
- Names & denominations
- KONG WAH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2016
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
Hotels en dergelijke accommodatie