We’re a beloved restaurant group in Belgium that’s been serving up delicious Thai food for over 20 years. We have 18 locations, a loyal customer base, and over €25 million in annual revenue. We're not a start-up — we’re a solid, growing business with big plans.

We currently serve up to 750,000 meals a year, of which 2/3 is enjoyed within our restaurants and 1/3 through delivery or take-away.

Because it’s time to grow further! We’re launching the first phase of our 5-year expansion plan, which includes opening 15 new restaurants. In first place, your investment helps us to speed things up. It also helps to cover part of the cost of the first phase, in which we open the first 6 new locations in 2025–2026, and get the right growth structure in place, at a cost of €3 million.

Yes. We’re a healthy, established business with steady cash flow and a solid track record. This isn’t a leap into the unknown — it’s more like safely catching a train that’s already moving.

You’ll be investing in a company called Thai Café Invest SRL (our SPV — Special Purpose Vehicle). This SPV will then invest in Sabai Sabai SA, which is the holding company that owns the Thai Café restaurant group.

We’ve been valued at €24.3 million (pre-investment) by KPMG, using the well-known Discounted Cash Flow (DCF) method. Fancy, but solid.

We’re raising up to 2.5 million €, which will get the crowd a total of 9.33% of Sabai Sabai SA, held through the SPV.

You’ll receive B Shares in the SPV. These don’t come with voting rights, but they do give you the economic benefits — like your share of any capital gains in the future.

Based on our business plan (as confirmed by KPMG), our projected equity value in 5 years is around 43 million €. Of course, that’s a projection, not a promise — but the future is looking good.

Nothing is certain but death and taxes. Every investment comes with certain risks, and these are detailed in the Investor Pack, but investing in an established, proven business is much less risky than in a start-up.

We want to open 15 new restaurants over 5 years, with the first 6 planned between 2025 and 2026. Several new locations have already been identified and are in the works, and your investment helps us kick off that first wave of expansion.

Mainly for restaurant openings — which includes location setup, hiring, marketing, and infrastructure. We're focused on sustainable, efficient growth. Opening a new restaurant on average takes 4 to 6 months and costs € 450.000. Full detail is in the Investor Pack.

It is indeed ambitious, and also very realistic. Our business plan has been very carefully prepared and we feel that in Belgium there is definitely room for 15 more restaurants. Also, our infrastructure is aimed at accommodating up to 70 restaurants so we are ready to open 15 more.

In our experience, a new restaurant reaches its full potential before the end of year 2. That is quite quick, and is a result of our very meticulous screening process of locations and demographics.

In honesty, no, we don’t need it. We have grown so far without any external investment. But your support is welcome, as it will definitely speed up our growth, grow our community, keep our external debt low and avoid interest cost.

Several reasons. We like the idea of building a community of investors amongst our clients who believe in what we’re doing (and love good Thai food), with whom we can share our growth. Plus, crowdfunding allows us to stay nimble and independent and keep our debt levels low.

Nope. Managing tiny dividend payments for hundreds of investors is just too messy. We’re focusing on growing the company, so that when the time comes, your exit is more rewarding.

Already during your share ownership you get various nice benefits, including discounts in our restaurants.  Then you’ll normally benefit again when one of the three exit scenarios plays out:

• The whole Thai Café group gets sold.
• A big investor joins, and buys out early investors like you.
• Sabai Sabai SA buys back your shares, starting from 2029.
  
  

We’re not promising returns — this is still an investment. But if things go according to plan, there’s strong potential for capital gains of around 71%. This means every 1,000 € you invest today, would be worth 1,710 € in 5 years’ time.

Then you'll remain a shareholder until a liquidity event occurs. We’re committed to finding a realistic exit path, but there’s no guaranteed timeline and the circumstances must be right. Patience is part of the journey, and in the meanwhile you can enjoy the many benefits we offer to our investors.

Not quite. This is equity crowdfunding, so you’re buying shares in a company — not pre-ordering spring rolls. You become a part-owner (with the SPV) and share in potential future profits.

You need to be over 18 and legally able to invest. Make sure you understand the risks — this is not a savings account.

The minimum amount is 500 €, and the maximum is 2.5 million €. Check the Investor Pack for the exact limits.

No, but you may check whether any some restrictions apply depending on your country of residence (we know of none). Check the Conditions of Participation for more info.

Only during a future liquidity event, such as an acquisition or share buyback. These aren’t publicly tradable shares, so think long-term. 

By registering your investment, you sign up as a shareholder to Thai Café Invest SRL, as set out in the Investor Pack. Once your investment is received you will receive a confirmation of receipt and of your registering as a shareholder. 

We have set up the campaign in full compliance with all relevant Belgian and EU laws, including the regulations of the FSMA and the GDPR for your data.

Like any investment, there’s a risk you could lose your money. That said, Thai Café is an established, revenue-generating business, not a start-up with just a pitch deck and a dream.

No, as a shareholder and investor, you are fully exempt from any liability, and you cannot be held liable for any decisions of Sabai Sabai SA or Thai Café Invest SRL, whether past or future.

The valuation was determined using the DCF method, and independently confirmed by KPMG — a very trustworthy name in the business world.

All the documents — including the Conditions of Participation, Privacy Policy, Investor Pack, and Shareholder Agreement — are available on the campaign page. We strongly advise you read them before investing.

Absolutely. As part of the Thai Café Invest community, you’ll receive regular updates (at least twice a year) on how we use your funds, on how the business (and your investment) is progressing and how our openings are going. We'll keep the legal and financial jargon to a minimum.

No, once your investment is made and the funds have been processed, cancellations will not be possible.

Absolutely! Any help is welcome. You can share the campaign on social media, by email, or tell your friends and family about it. Every little helps!

If you have any questions, please feel free to write to us at [email protected] or send us a message via the campaign page. We are here to help and will respond as quickly as possible.

We of course hope this does not happen, but to ensure continuity of shareholdership, the heirs must send us a certificate of inheritance as soon as possible. We will then take it from there and work out the most practical solution with you. 

Typically, we would invite the heirs to complete and sign a mandate to designate a single agent who will replace the deceased in our database. This agent will receive the amounts due and will be responsible for properly distributing the amounts received to the appropriate beneficiaries.