MARCHAMAX
InactiveMARCHAMAX was declared bankrupt on 04-04-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 11-03-2025, published in the Belgian State Gazette on 18-03-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline12-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
11 d early
2019
11 d early
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-111k▼ 8.0%
2020 · €-103k
2018: €-29k
2019: €-60k
2020: €-103k
2018 → 2021
Total assets
€8k▼ 57.0%
2020 · €19k
2018: €13k
2019: €6k
2020: €19k
2018 → 2021
Net result
€-8k▲ 80.9%
2020 · €-43k
2018: €-5k
2019: €-27k
2020: €-43k
2018 → 2021
Working capital
€-98k▼ 9.8%
2020 · €-89k
2018: €-25k
2019: €-60k
2020: €-89k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-29k-€-60k▼ 104%€-103k▼ 72.2%€-111k▼ 8.0%
Operating result€-3k-€-25k▼ 705%€-39k▼ 57.1%€-8k▲ 78.4%
Net result€-5k-€-27k▼ 420%€-43k▼ 60.1%€-8k▲ 80.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2021 against €39k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €8k
Fixed assets
€774▼ 30.4%
Current assets
€8k▼ 58.7%
Key figures and ratios
EBITDA
€-8k▲
2020 · €-38k
Cash flow
€-8k▲
2020 · €-43k
Current ratio
0.07▼
2020 · 0.17
Quick ratio
0.06▼
2020 · 0.16
Debt / equity
-1.07▼
2020 · -0.15
ROE
7.4%▼
2020 · 41.9%
ROA
-99.3%▲
2020 · -223.3%
Interest coverage
-8.82
Debt
€119k▼
2020 · €122k
Debt ≤ 1 year
€105k▼
2020 · €107k
Debt > 1 year
€12k▼
2020 · €15k
Staff costs
€55k
A ratio outside any meaningful range has been withheld (balance sheet total €8k, equity €-111k).
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€19k€8k▼
Fixed assets21/28€1k€774▼
Tangible fixed assets22/27€1k€699▼
Plant, machinery and equipment23-€190
Furniture and vehicles24-€509
Financial fixed assets28€75€75=
Current assets29/58€18k€8k▼
Stocks and contracts in progress3€590€1k▲
Stocks30/36-€1k
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40-€6k
Cash at bank and in hand54/58€14k€256▼
Equity and liabilities
Total equity and liabilities10/49€19k€8k▼
Equity10/15€-103k€-111k▼
Contributions10/11-€19k
Profit (loss) carried forward14€-121k€-130k▼
Amounts payable17/49€122k€119k▼
Amounts payable after more than one year17€15k€12k▼
Financial debts170/4-€12k
Amounts payable within one year42/48€107k€105k▼
Trade debts44€34k€25k▼
Suppliers440/4-€25k
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45-€45k
Taxes450/3-€17k
Remuneration and social security454/9-€28k
Other amounts payable47/48-€34k
Accrued charges and deferred income492/3-€2k
Income statement
Code20202021
Remuneration, social security and pensions62-€55k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€273€338▲
Other operating charges640/8-€2k
Gross operating margin9900€17k€49k▲
Operating profit (loss)9901€-39k€-8k▲
Financial income75/76B-€1k
Recurring financial income75€164€1k▲
Financial charges65/66B-€907
Recurring financial charges65€4k€907▼
Profit (loss) for the period before taxes9903€-43k€-8k▲
Income taxes67/77€227-
Profit (loss) for the period9904€-43k€-8k▲
Profit (loss) for the period to be appropriated9905€-43k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-130k
Profit (loss) brought forward from the previous period14P-€-121k
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
2025
18-03
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · MARCHAMAX BV GEBROEDERS VANDEVELDESTRAAT 52/101, 9000 GENT · event 11-03-2025
2023
21-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · MARCHAMAX BV GEBROE- DERS VANDEVELDESTRAAT 52/101, 9000 GENT · event 04-04-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
06-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 67 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
25-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 1152 days late
23-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 785 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 418 days late
09-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 40 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GEERT WAETERLOOS MOLENAARSSTRAAT 111/1A,
9000 GENT |
04-04-2023 → present |