Result
€23,205 €23,205
Back in profit in 2025, after a loss of €84,961 in 2024.
CHAMAX
Lifetime
18 annual accounts with figures on one time axispeak €1.2m (2021)
€789,303▲ 0.5%
lowest -€84,961 (2024)
€23,205▲ €108,166
peak €343,947 (2023)
€282,190▲ 9.0%
€1.3m▼ 2.5%
peak 18 FTE (2022)
11.8 FTE▼ 11.3%
Board4 names since 2020
1 directorBrumico
Owners
Documentsfilings and deeds
23-03-202638 days before the deadline
2025abbreviated format
Back to profit: €23,205Staff from 13.3 FTE to 11.8 FTE1 establishment registered
Key points
from the 2025 annual accountsTurnover
≈ €4.2m estimated
The abbreviated format states no turnover.
Debts
€1.3m 82% of the balance sheet
Financial debts 29%Suppliers 6%Taxes and wages 5%Other 60%
Of this, €928,522 falls due within a year.
Investments
€46,499 0.3 × depreciation
Green is investment, beige is depreciation.
Staff
11.8 FTE from 18 in 2022
Between 2022 and 2025, 34% of the full-time equivalents disappeared.
Filings
18 annual accounts since 2008
The 2016 accounts came 5 days late. The other nine of the last ten were filed on time.
Checked score
70
Healthy
Financially stronger than 47% of small companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.5%▲ +0.1 percentage points vs 12-2024
02-2025: 0.6%▲ +0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 1.6%▲ +0.9 percentage points vs 04-2025
06-2025: 1.6%● unchanged vs 05-2025
07-2025: 1.6%● unchanged vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.6%● unchanged vs 09-2025
11-2025: 1.7%▲ +0.1 percentage points vs 10-2025
12-2025: 1.7%● unchanged vs 11-2025
01-2026: 1.8%▲ +0.1 percentage points vs 12-2025
02-2026: 2.1%▲ +0.3 percentage points vs 01-2026highest value
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 1.0%▼ -1.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 0.6%▼ -0.4 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Size: 11.8 FTE, total assets €1.6m
Equity €282,190 (17.3% of total assets)
Sector: Retail trade (NACE 47)
lowers risk
Founded in 2007
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, small). It does better than 32% of them on solvency, 35% on liquidity, 57% on profitability and 63% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as CHAMAX has now. Each dot stands for 11 companies, two years later.
97.9%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CHAMAX itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for CHAMAX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.11 (1.26 in 2024), below the usual 1.5. Short-term debt is 57% and cash 9.9% of total assets. 82.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
27 days early
2023
42 days early
2022
31 days early
2021
30 days early
2020
60 days early
2019
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0891440292
New establishment in Waregem
Logistics, Poekelaan 43
Registered office moved from Kuurne to Waregem
New registered office: Poekelaan 43C, 8791 Waregem · Previous registered office: Ter Ferrants 9 bus 02, 8520 Kuurne · General meeting of 01-03-2024 · Gazette deed
1 director appointed
Brumico · Permanent representatives: Mieke Verscheure and Bruno Lietaer · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CHAMAX Waregem | €1.6m | €0.8m | 17.3% | 11.8 |
| TIMMER- EN SCHRIJNWERK WOUTER MASSELIS Wevelgem | €1.6m | €0.8m | 42.5% | 10.7 |
| BEDDENMARKT Antwerp | €1.8m | €0.7m | 2.0% | 12.4 |
| CUISINES CONSTANT INTERIOR & DESIGN Soumagne | €2.1m | €0.7m | 23.1% | 9.7 |
| Nevia ialo Deinze | €1.0m | €0.8m | 53.5% | 10.9 |
| Jofa Roeselare | €1.8m | €0.6m | 19.4% | 9.4 |
| VILLA INTERNO Kortrijk | €1.7m | €1.2m | 17.6% | 16.2 |
These companies have the same main activity as CHAMAX: retail sale of household furniture (NACE 47551). They are comparable in size and age: total assets between €1m and €2.1m, founded between 1999 and 2013.
Official details
Source: KBO- Status
- Active since 16-08-2007Normal situation
- Activity
- Retail sale of household furnitureNACE 47551
- Joint committees
- 201Independent retail
- 126Furnishing and woodworking · annual accounts 30-09-2025
- Establishment units
- 2.165.255.3788500 Kortrijk, since 16-08-2007
- 2.369.913.6018791 Waregem, since 01-01-2025
- Financial year end
- 30 September
- Peppol
- Reachable since 15-12-2025
Annual accounts to 30-09-2025
- €1.6m▼ 0.9%
- Employeeson 30-09-2025
- 13▼ 13.3%
- Filing
- Filed on 23-03-2026, 38 days before the end of the filing period
Insights on CHAMAX
CHAMAX files the abbreviated format. That format states no turnover. The gross margin rose from €149,377 in 2008 to €789,303 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CHAMAX
- What is the company number of CHAMAX?
- The company number of CHAMAX is 0891.440.292. The VAT number is the same number with BE in front: BE 0891.440.292.
- Where is CHAMAX based?
- The registered office is at Poekelaan 43, 8791 Waregem.Company details
- What does CHAMAX do?
- According to the KBO register, the main activity is retail sale of household furniture (NACE 47551).
- What is the legal form of CHAMAX?
- CHAMAX is a public limited company (NV).
- When was CHAMAX founded?
- CHAMAX was founded on 16-08-2007.
- Is CHAMAX still active?
- Yes, CHAMAX is an active enterprise in the KBO register.
- How many employees does CHAMAX have?
- CHAMAX had an average of 11.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CHAMAX fall under?
- In its 30-09-2025 annual accounts, CHAMAX states joint committees 201 (Independent retail) and 126 (Furnishing and woodworking).
- What is the turnover of CHAMAX?
- The turnover in financial year 2025 is ≈ €4.2m. This figure is estimated from the gross margin of €789,303 and 31 comparable companies (NACE 475). It probably lies between €2.6m and €6.3m.
- Is CHAMAX profitable?
- In financial year 2025, CHAMAX made a profit of €23,205.
- Where can I find the annual accounts of CHAMAX?
- CHAMAX filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CHAMAX due?
- CHAMAX must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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