CMAC
Bankruptcy closedInactive since 27-05-2026; last annual accounts for fiscal year 2023.
Summary
CMAC was declared bankrupt on 20-01-2025 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 26-05-2026, published in the Belgian State Gazette on 29-05-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 01-07-2024, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d early
2022
30 d late
2021
4 d late
2020
89 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€0
Total assets
€71,335▼ 16.2%
2022 · €85,166
Net result
-€33,838▲ 42.0%
2022 · -€58,350
Working capital
-€143,652▼ 46.5%
2022 · -€98,077
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€0
Operating result-€8,325▲ 82.8%-€25,373▼ 205%€103,911-€54,265-€30,184▲ 44.4%
Net result-€13,948▲ 74.5%-€28,025below the sector's middle half▼ 101%€100,754above the sector's middle half-€58,350below the sector's middle half-€33,838below the sector's middle half▲ 42.0%
Equity-€204,167▼ 7.3%-€232,192below the sector's middle half▼ 13.7%-€131,438below the sector's middle half▲ 43.4%-€189,788below the sector's middle half▼ 44.4%-€223,626below the sector's middle half▼ 17.8%
Total assets€101,716▲ 34.0%€62,858within the sector's middle half▼ 38.2%€170,628within the sector's middle half▲ 171%€85,166within the sector's middle half▼ 50.1%€71,335within the sector's middle half▼ 16.2%
Debt€305,883▲ 14.9%€295,050▼ 3.5%€302,066▲ 2.4%€274,954▼ 9.0%€294,961▲ 7.3%
Working capital-€221,222▼ 14.8%-€245,585▼ 11.0%-€19,678▲ 92.0%-€98,077▼ 398%-€143,652▼ 46.5%
Solvency-200.7%▲ 49.9pp-369.4%below the sector's middle half▼ 168.7pp-77.0%below the sector's middle half▲ 292.4pp-222.8%below the sector's middle half▼ 145.8pp-313.5%below the sector's middle half▼ 90.6pp
Staff (FTE)4.5▲ 12.5%4.9above the sector's middle half▲ 8.9%9.6▲ 95.9%15.3▲ 59.4%19.7▲ 28.8%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
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 €30,184 in 2023 against €54,265 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €71,335
Fixed assets
€20,454 ▼ 23.4%
Current assets
€50,881 ▼ 12.9%
Key figures and ratios
EBITDA
-€24,372▲
2022 · -€50,083
Cash flow
-€28,026▲
2022 · -€54,168
Current ratio
0.26▼
2022 · 0.37
Quick ratio
0.22▼
2022 · 0.30
Debt to equity
-1.32▲
2022 · -1.45
ROA
-47.4%▲
2022 · -68.5%
Interest coverage
-6.55▲
2022 · -11.99
Debt ≤ 1 year
€194,534▲
2022 · €156,527
Debt > 1 year
€100,427▼
2022 · €118,427
Staff costs
€243,481▲
2022 · €210,407
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €0 | - |
| Non-recurring operating income76A | - | - | €29,925 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | €114,458 | €210,407 | €243,481 | ▲ 15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,367 | €3,375 | €2,903 | €4,182 | €5,812 | ▲ 39.0% |
| Other operating charges640/8 | - | - | €1,793 | €3,426 | €2,471 | ▼ 27.9% |
| Gross operating margin9900 | €172,651 | €81,154 | €223,065 | €163,750 | €221,581 | ▲ 35.3% |
| Operating profit (loss)9901 | -€8,325 | -€25,373 | €103,911 | -€54,265 | -€30,184 | ▲ 44.4% |
| Financial income75/76B | - | - | €36 | €91 | €65 | ▼ 28.9% |
| Recurring financial income75 | €165 | €53 | €36 | €91 | €65 | ▼ 28.9% |
| Financial charges65/66B | - | - | €3,193 | €4,177 | €3,719 | ▼ 11.0% |
| Recurring financial charges65 | €5,788 | €2,705 | €3,193 | €4,177 | €3,719 | ▼ 11.0% |
| Profit (loss) for the period before taxes9903 | -€13,948 | -€28,025 | €100,754 | -€58,350 | -€33,838 | ▲ 42.0% |
| Profit (loss) for the period9904 | -€13,948 | -€28,025 | €100,754 | -€58,350 | -€33,838 | ▲ 42.0% |
| Profit (loss) for the period to be appropriated9905 | -€13,948 | -€28,025 | €100,754 | -€58,350 | -€33,838 | ▲ 42.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,716 | €62,858 | €170,628 | €85,166 | €71,335 | ▼ 16.2% |
| Fixed assets21/28 | €17,055 | €14,775 | €26,060 | €26,716 | €20,454 | ▼ 23.4% |
| Intangible fixed assets21 | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €16,605 | €14,325 | €15,392 | €16,049 | €10,237 | ▼ 36.2% |
| Plant, machinery and equipment23 | - | - | €1,260 | €862 | €519 | ▼ 39.8% |
| Furniture and vehicles24 | - | - | €5,761 | €7,584 | €3,182 | ▼ 58.0% |
| Other tangible fixed assets26 | - | - | €8,372 | €7,603 | €6,535 | ▼ 14.0% |
| Financial fixed assets28 | €450 | €450 | €10,667 | €10,667 | €10,217 | ▼ 4.2% |
| Current assets29/58 | €84,660 | €48,083 | €144,569 | €58,450 | €50,881 | ▼ 12.9% |
| Stocks and contracts in progress3 | €15,045 | €19,813 | €13,517 | €11,902 | €7,590 | ▼ 36.2% |
| Stocks30/36 | - | - | €13,517 | €11,902 | €7,590 | ▼ 36.2% |
| Amounts receivable within one year40/41 | €6,800 | €9,971 | €5,829 | €8,700 | €5,965 | ▼ 31.4% |
| Trade receivables40 | - | - | €185 | €3,055 | €320 | ▼ 89.5% |
| Other amounts receivable41 | - | - | €5,645 | €5,645 | €5,645 | = |
| Cash at bank and in hand54/58 | €62,815 | €18,300 | €120,173 | €37,473 | €36,945 | ▼ 1.4% |
| Deferred charges and accrued income490/1 | - | - | €5,049 | €376 | €382 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,716 | €62,858 | €170,628 | €85,166 | €71,335 | ▼ 16.2% |
| Equity10/15 | -€204,167 | -€232,192 | -€131,438 | -€189,788 | -€223,626 | ▼ 17.8% |
| Contributions10/11 | €12,600 | - | €12,600 | €12,600 | €12,600 | = |
| Profit (loss) carried forward14 | -€216,767 | -€244,792 | -€144,038 | -€202,388 | -€236,226 | ▼ 16.7% |
| Amounts payable17/49 | €305,883 | €295,050 | €302,066 | €274,954 | €294,961 | ▲ 7.3% |
| Amounts payable after more than one year17 | - | - | €136,427 | €118,427 | €100,427 | ▼ 15.2% |
| Other amounts payable178/9 | - | - | €136,427 | €118,427 | €100,427 | ▼ 15.2% |
| Amounts payable within one year42/48 | €305,883 | €293,668 | €164,246 | €156,527 | €194,534 | ▲ 24.3% |
| Trade debts44 | €172,557 | €182,938 | €19,886 | €28,156 | €55,254 | ▲ 96.2% |
| Suppliers440/4 | - | - | €19,886 | €28,156 | €55,254 | ▲ 96.2% |
| Taxes, remuneration and social security45 | - | - | €40,359 | €46,653 | €59,171 | ▲ 26.8% |
| Taxes450/3 | - | - | €4,355 | €12,026 | €12,497 | ▲ 3.9% |
| Remuneration and social security454/9 | - | - | €36,004 | €34,626 | €46,673 | ▲ 34.8% |
| Other amounts payable47/48 | - | - | €104,001 | €81,718 | €80,109 | ▼ 2.0% |
| Accrued charges and deferred income492/3 | - | - | €1,393 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,948 | -€28,025 | €100,754 | -€58,350 | -€33,838 | ▲ 42.0% |
| + Depreciation and write-downs630 | €4,367 | €3,375 | €2,903 | €4,182 | €5,812 | ▲ 39.0% |
| Operating cash flow (approximation) | -€9,581 | -€24,650 | €103,657 | -€54,168 | -€28,026 | ▲ 48.3% |
| Investment in fixed assets (approximation) | - | -€1,095 | -€14,187 | -€4,838 | €450 | ▲ 109% |
| Change in cash | - | -€44,515 | €101,873 | -€82,701 | -€528 | ▲ 99.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
29-05
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 26-05-2026
2025
27-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 20-01-2025
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€58,350
Net result drops to -€58,350, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €100,754
Net result €100,754 after 3 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
30-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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
Registered office, Nandrin
Ground area
1,954 m²
Building footprint
272 m²
Parcel 61043B0007/00H002, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61043B0007/00H002 | Wallonia | 1,954 m² | 1 · 272 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARINA FABBRICOTTI RUE DES SOEURS GRISES 13,
4500 HUY |
20-01-2025 → 26-05-2026 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
55209Other holiday and short-stay accommodation
56301Cafés and bars
56302Nightclubs
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.