Cmax
Open bankruptcyA bankruptcy procedure is open for Cmax according to publications in the Belgian State Gazette; curator: NILS VERSCHAEREN.
Summary
The file additionally contains 1 interim measure. The 2020 annual accounts show equity of €116k and a net result of €-12k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€116k▼ 9.1%
2019 · €128k
2018: €156k
2019: €128k
2018 → 2020
Total assets
€348k▲ 34.3%
2019 · €259k
2018: €942k
2019: €259k
2018 → 2020
Net result
€-12k▲ 59.1%
2019 · €-29k
2018: €-3k
2019: €-29k
2018 → 2020
Working capital
€255k▲ 38.5%
2019 · €184k
2018: €60k
2019: €184k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€156k-€128k▼ 18.2%€116k▼ 9.1%
Operating result€86-€-22k€24k
Net result€-3k-€-29k▼ 927%€-12k▲ 59.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2020: €24k after a loss of €22k in 2019, the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €348k
Fixed assets
€839 ▼ 44.0%
Current assets
€347k ▲ 34.7%
Equity and liabilities €348k
Equity
€116k ▼ 9.1%
Debt
€232k ▲ 76.5%
Debt's share of the balance-sheet total rises from 50.7% to 66.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▲
2019 · €-21k
Cash flow
€-11k▲
2019 · €-28k
Current ratio
3.75▲
2019 · 3.49
Debt to equity
2.00▲
2019 · 0.45
ROE
-10.0%▲
2019 · -22.3%
ROA
-3.4%▲
2019 · -11.0%
Interest coverage
3.39
Debt ≤ 1 year
€93k▲
2019 · €74k
Debt > 1 year
€139k▲
2019 · €58k
Income taxes
€41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 45 lines
Balance sheet
Code20192020
Assets
Total assets20/58€259k€348k▲
Fixed assets21/28€1k€839▼
Tangible fixed assets22/27€1k€839▼
Furniture and vehicles24-€839
Current assets29/58€258k€347k▲
Amounts receivable after more than one year29-€325k
Trade receivables290-€325k
Amounts receivable within one year40/41€254k€20k▼
Trade receivables40-€5k
Other amounts receivable41-€15k
Current investments50/53€1€0▼
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1-€359
Equity and liabilities
Total equity and liabilities10/49€259k€348k▲
Equity10/15€128k€116k▼
Contributions10/11€500€500=
Reserves13€98k€98k=
Non-distributable reserves130/1-€50
Reserves not available under the articles1311-€50
Distributable reserves133-€98k
Profit (loss) carried forward14€29k€18k▼
Amounts payable17/49€131k€232k▲
Amounts payable after more than one year17€58k€139k▲
Financial debts170/4-€139k
Amounts payable within one year42/48€74k€93k▲
Trade debts44€51k€48k▼
Suppliers440/4-€48k
Taxes, remuneration and social security45-€22k
Taxes450/3-€22k
Other amounts payable47/48-€23k
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€659€659=
Other operating charges640/8-€10k
Non-recurring operating charges66A-€0
Gross operating margin9900€15k€35k▲
Operating profit (loss)9901€-22k€24k▲
Financial income75/76B-€13k
Recurring financial income75€17k€13k▼
Financial charges65/66B-€7k
Recurring financial charges65€24k€7k▼
Profit (loss) for the period before taxes9903€-29k€29k▲
Income taxes67/77-€41k
Profit (loss) for the period9904€-29k€-12k▲
Profit (loss) for the period to be appropriated9905€-29k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€18k
Profit (loss) brought forward from the previous period14P-€29k
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
2023
21-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 17-04-2023
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 277 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 182 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 461 days late
10-02
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
2019
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.49
Current ratio from 1.35 to 3.49; short-term debt falls from €173k to €74k.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2011
Ground area
831 m²
Building footprint
590 m²
Volume, LiDAR
7,899 m³
Parcel 46502D0416/00Y000, Flanders · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Grote Markt(BEV) 32D, 9120 Beveren-Kruibeke-Zwijndrecht
since 20112.207.262.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46502D0416/00Y000 | Flanders | 831 m² | 1 · 590 m² | 19.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | NILS VERSCHAEREN GROTE BAAN 68, 9120 BEVEREN-
WAAS |
17-04-2023 → present |
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 7,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded22-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:c.vercauteren@me.com
Phone:0494/41 32 46