Bankrupt · Opening faillissement (CBE)

Kwonghua

BE0838764641

Rechtspersoon Private limited company 1 establishment

Kwonghua is a hospitality business in Brugge. Private Limited, started on 22 August 2011, 1 establishment.

Maalse Steenweg 104, 8310 Brugge

Behind the company: Xiang Jiang Hua.

Start date

22 August 2011

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2022

Kwonghua from Brugge, company number BE0838764641, closed financial year 2022 with a result of € -42,436 after tax. For that financial year Kwonghua recorded a gross margin of € 123,032 and equity of € 130,762. Compared with financial year 2021, the result moved from € 77,186 to € -42,436. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 25, 2023.

What it is worth Healthy

€ 130,762

▼ 25% vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -42,436

▼ still € 77,186 profit in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 85,823

▼ 61% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 40,762.

People and assets in 2022

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost

€ 129,008

▲ 75% vs 2021

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 15,930

▼ 38% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt ≈ 4 years to go

€ 13,971

▼ 20% vs 2021

€ 3,631 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 32,966

▼ 20% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 43,627

▲ 30% vs 2021

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 2021 → 2022
Gross margin € 188,141 € 123,032 ▼ 35%
Profit after taxes € 77,186 € -42,436 ▼ € 119,622
Equity € 173,198 € 130,762 ▼ 25%
Total debts € 209,501 € 121,638 ▼ 42%
Cash € 221,639 € 85,823 ▼ 61%
Retained profit € 83,198 € 40,762 ▼ 51%
Bank debt € 17,517 € 13,971 ▼ 20%
Balance sheet total € 382,699 € 252,400 ▼ 34%

Key figures of Kwonghua, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to Kwonghua?

What happened at Kwonghua in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Kwonghua is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2022: loss of € 42,436 (▼ € 119,622 vs 2021). Source: NBB ↗
  • New establishment in Brugge. KBO
  • Start of the company according to the CBE. KBO

In short

From € 77,186 profit in 2021 to € 42,436 loss in 2022.

Paid € 18,418 in corporate taxes since 2021.

Best year ever: 2021, with € 77,186 profit.

Management

Xiang Jiang Hua
Kwonghua

Behind Kwonghua is Xiang Jiang Hua.

See the full network in the app

Directors

According to the 2022 annual accounts

Xiang Jiang Hua

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Maalse Steenweg 104

8310 Brugge

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0838.764.641
VAT number
BE 0838.764.641
Registered office
Maalse Steenweg 104, 8310 Brugge
Names & denominations
Kwonghua
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
22 August 2011
Peppol
Not registered
Activities · NACE

Activiteiten van eetgelegenheden met volledige bediening

Eetgelegenheden met volledige bediening

Frequently asked questions

What does Kwonghua do?
Kwonghua is a hospitality business in Brugge. Private Limited, started on 22 August 2011, 1 establishment.
What is the address of Kwonghua?
The registered office of Kwonghua is located at Maalse Steenweg 104, 8310 Brugge.
Is Kwonghua still active?
No. The CBE lists Kwonghua with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is Kwonghua registered on Peppol?
No, Kwonghua is currently not registered on the Peppol network.
What is the enterprise number of Kwonghua?
The enterprise number of Kwonghua is BE0838764641.
When was Kwonghua founded?
Kwonghua was founded on 22 August 2011.