CHAMMAX
ActiveThe computed 12-month bankruptcy probability of CHAMMAX is 2.6% (moderate). The 2025 annual accounts show negative equity (€-75k) and a net result of €6k. Equity is shrinking by ~47.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 13306 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▲+15
Solvency17=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.05 in 2024; short-term debt: 48.1% and cash: 1.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 13306 sector peers (2025).
NBB · sector comparisonPosition among 13306 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
15 d late
2023
11 d late
2022
14 d early
2021
22 d late
2020
16 d late
2019
55 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-75k▲ 4.7%
2024 · €-78k
2018: €133k
2019: €93k
2020: €59k
2021: €22k
2022: €-25k
2023: €-75k
2024: €-78k
2018 → 2025
Total assets
€942k=
2024 · €942k
2018: €1.09M
2019: €1.07M
2020: €1.01M
2021: €943k
2022: €904k
2023: €871k
2024: €942k
2018 → 2025
Net result
€6k
2024 · €-3k
2018: €-21k
2019: €-40k
2020: €-35k
2021: €-37k
2022: €-47k
2023: €-50k
2024: €-3k
2018 → 2025
Working capital
€-422k▲ 1.2%
2024 · €-427k
2018: €-110k
2019: €-107k
2020: €-150k
2021: €-190k
2022: €-241k
2023: €-314k
2024: €-427k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€-25k€-75k▼ 204%€-78k▼ 4.6%€-75k▲ 4.7%
Operating result€-16k-€-29k▼ 85.0%€-36k▼ 23.9%€13k€18k▲ 37.0%
Net result€-37k-€-47k▼ 27.2%€-50k▼ 7.7%€-3k▲ 93.1%€6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €942k
Fixed assets
€911k▼ 1.1%
Current assets
€31k▲ 49.0%
Key figures and ratios
EBITDA
€35k▲
2024 · €19k
Cash flow
€22k▲
2024 · €2k
Solvency
-7.9%▲
2024 · -8.3%
Current ratio
0.07▲
2024 · 0.05
Quick ratio
0.03▼
2024 · 0.05
Debt / equity
-13.63▼
2024 · -13.04
ROA
0.6%▲
2024 · -0.4%
Interest coverage
2.70▲
2024 · 1.11
Debt
€1.02M▼
2024 · €1.02M
Debt ≤ 1 year
€453k▲
2024 · €448k
Debt > 1 year
€563k▼
2024 · €572k
Staff costs
€877
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€942k€942k=
Fixed assets21/28€922k€911k▼
Tangible fixed assets22/27€922k€911k▼
Land and buildings22€811k€811k=
Plant, machinery and equipment23€63k€63k=
Furniture and vehicles24€47k€37k▼
Current assets29/58€20k€31k▲
Stocks and contracts in progress3-€16k
Stocks30/36-€16k
Amounts receivable within one year40/41€502€2k▲
Trade receivables40-€2k
Other amounts receivable41€502-
Cash at bank and in hand54/58€20k€10k▼
Deferred charges and accrued income490/1€293€2k▲
Equity and liabilities
Total equity and liabilities10/49€942k€942k=
Equity10/15€-78k€-75k▲
Contributions10/11€206k€206k=
Reserves13€45€45=
Non-distributable reserves130/1€45€45=
Reserves not available under the articles1311€45€45=
Profit (loss) carried forward14€-284k€-281k▲
Amounts payable17/49€1.02M€1.02M▼
Amounts payable after more than one year17€572k€563k▼
Financial debts170/4€572k€563k▼
Amounts payable within one year42/48€448k€453k▲
Current portion of amounts payable after more than one year42€51k€8k▼
Trade debts44€1k€11k▲
Suppliers440/4€1k€11k▲
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Other amounts payable47/48€391k€432k▲
Accrued charges and deferred income492/3-€248
Income statement
Code20242025
Remuneration, social security and pensions62-€877
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€16k▲
Other operating charges640/8€781€999▲
Non-recurring operating charges66A€345-
Gross operating margin9900€20k€37k▲
Operating profit (loss)9901€13k€18k▲
Financial charges65/66B€17k€13k▼
Recurring financial charges65€17k€13k▼
Profit (loss) for the period before taxes9903€-3k€6k▲
Profit (loss) for the period9904€-3k€6k▲
Profit (loss) for the period to be appropriated9905€-3k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-284k€-281k▲
Profit (loss) brought forward from the previous period14P€-281k€-286k▼
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after 7 loss-making years.
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Registered office, Herve · 2 establishment units since 2015
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.
Rue de Stockis 234650 HerveGround area
835 m²
Building footprint
350 m²
Volume, LiDAR
2,190 m³
2 parcels, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GREENFIELD SELECTION WALLONIE LUXEMBOURG
since 20152.241.277.248
Le Tulipier
since 20162.259.387.742
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63030B0439/00A000 | Wallonia | 539 m² | 1 · 228 m² | 8.4 m · 2 fl. |
| 62095B0083/00D000 | Wallonia | 296 m² | 1 · 122 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerve2.259.387.742
Similar companies · same sector, comparable size
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HAKIM
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AMAÇAI
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,163 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-2015
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
93127Equestrian clubs
01430Raising of horses and other equines
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
46110Wholesale trade
46190Agents in non-specialised wholesale trade
47559Retail sale of other household articles
47599Retail trade
47639Retail sale of other sporting goods
47640Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47789Other retail sale of new goods
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.