C-MAX
C-MAX has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €-33k. Equity is shrinking by ~109% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €-3k |
| Net result | €-33k |
| Active | 20 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €27k |
| Net profit | €-33k |
| Cash flow | €26k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €834k |
| Equity | €-3k |
| Debt | €837k |
| of which ≤ 1y | €835k |
| of which > 1y | - |
| Working capital | €-801k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.04 |
| Quick ratio | 0.04 |
| Working capital ratio | -96.1% |
| Solvency | -0.4% |
| Debt / equity | -260.03 |
| Long-term debt ratio | - |
| Interest coverage | 115.63 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.9% |
| ROE | 1019.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (20 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €834k |
| Fixed assets | 21/28 | €801k |
| Tangible fixed assets | 22/27 | €801k |
| Current assets | 29/58 | €33k |
| Amounts receivable within one year | 40/41 | €940 |
| Cash & bank | 54/58 | €32k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €834k |
| Equity | 10/15 | €-3k |
| Contributions / capital | 10/11 | €112k |
| Reserves | 13 | €32k |
| Accumulated profits (losses) | 14 | €-147k |
| Amounts payable | 17/49 | €837k |
| Amounts payable within one year | 42/48 | €835k |
| Trade debts payable within one year | 44 | €37k |
| Income statement | ||
| Gross operating margin | 9900 | €31k |
| Operating result | 9901 | €-33k |
| Financial charges | 65 | €229 |
| Result before taxes | 9903 | €-33k |
| Net result for the period | 9904 | €-33k |
| Result to be appropriated | 9905 | €-33k |
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 09-03-2006 |
| Status | Active |
| Postal code | 3500 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0444/00Z000 | Flanders | 1,278 m² | 1 · 275 m² | 14.2 m · 3 fl. |
18-08-2026 NBB filing Annual accounts filed
05-08-2025 NBB filing Annual accounts filed
26-06-2024 NBB filing Annual accounts filed
25-07-2023 NBB filing Annual accounts filed
30-08-2022 NBB filing Annual accounts filed
31-08-2021 NBB filing Annual accounts filed
25-08-2020 NBB filing Annual accounts filed
29-08-2019 NBB filing Annual accounts filed
24-08-2018 NBB filing Annual accounts filed
03-08-2017 NBB filing Annual accounts filed
| Legal nameNL | C-MAX |