EL-MAX
Open bankruptcyA bankruptcy procedure is open for EL-MAX according to publications in the Belgian State Gazette; curator: GUILLAUME SNEESSENS.
Summary
The 2022 annual accounts show negative equity (-€188,588) and a net result of -€95,153.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 4 March 2024
- Supervising judge
- Philippe De Broqueville
- Official Gazette
- 08-03-2024 (pdf) ↗search the document for 2024/109809
Curator
- Guillaume SneessensRue Souveraine 95, 1050 Ixellesg.sneessens@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 26-10-2023, 87 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
not confirmed
2024
not filed
2023
not filed
2022
87 d late
2021
78 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 79 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
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?Address check Are there other customers at risk in your own list?Debtor check 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 2022, abbreviated schema
Equity
-€188,588▼ 102%
2021 · -€93,435
Total assets
€199,072▲ 56.4%
2021 · €127,274
Net result
-€95,153
2021 · €24,639
Working capital
-€206,559▼ 101%
2021 · -€102,661
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€56-€2,804-€56,580€22,822-€75,715
Net result€109,698--€10,608-€61,101▼ 476%€24,639-€95,153
Equity-€46,366--€56,974▼ 22.9%-€118,075▼ 107%-€93,435▲ 20.9%-€188,588▼ 102%
Total assets€34-€58,606▲ 174,323%€112,559▲ 92.1%€127,274▲ 13.1%€199,072▲ 56.4%
Debt€46,400-€115,580▲ 149%€230,634▲ 99.5%€220,709▼ 4.3%€387,660▲ 75.6%
Working capital-€46,366--€61,323▼ 32.3%-€104,738▼ 70.8%-€102,661▲ 2.0%-€206,559▼ 101%
Staff (FTE)8.98.2▼ 7.9%11.7▲ 42.7%13.3▲ 13.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €75,715 after €22,822 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €199,072
Fixed assets
€17,971 ▲ 82.0%
Current assets
€181,101 ▲ 54.3%
Key figures and ratios
EBITDA
-€71,651▼
2021 · €24,756
Cash flow
-€91,089▼
2021 · €26,574
Solvency
-94.7%▼
2021 · -73.4%
Current ratio
0.47▼
2021 · 0.53
Quick ratio
0.44▼
2021 · 0.50
Debt to equity
-2.06▲
2021 · -2.36
ROA
-47.8%▼
2021 · 19.4%
Interest coverage
-2.84▼
2021 · 1.16
Debt ≤ 1 year
€387,660▲
2021 · €220,062
Income taxes
€236▲
2021 · €222
Staff costs
€432,397▲
2021 · €279,371
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,137 | - |
| Remuneration, social security and pensions62 | - | - | - | €279,371 | €432,397 | ▲ 54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,085 | €1,460 | €1,935 | €4,064 | ▲ 110% |
| Other operating charges640/8 | - | - | - | €348 | €3,698 | ▲ 964% |
| Non-recurring operating charges66A | - | - | - | - | €1,107 | - |
| Gross operating margin9900 | -€53 | €322,950 | €132,152 | €304,475 | €365,551 | ▲ 20.1% |
| Operating profit (loss)9901 | -€56 | €2,804 | -€56,580 | €22,822 | -€75,715 | ▼ 432% |
| Financial income75/76B | - | - | - | €24,305 | €6,067 | ▼ 75.0% |
| Recurring financial income75 | - | €370 | €6,000 | €5,331 | €6,067 | ▲ 13.8% |
| Non-recurring financial income76B | - | - | - | €18,974 | - | - |
| Financial charges65/66B | - | - | - | €22,265 | €25,269 | ▲ 13.5% |
| Recurring financial charges65 | €99 | €13,672 | €10,888 | €21,316 | €25,269 | ▲ 18.5% |
| Non-recurring financial charges66B | - | - | - | €949 | - | - |
| Profit (loss) for the period before taxes9903 | €109,698 | -€10,499 | -€60,902 | €24,862 | -€94,917 | ▼ 482% |
| Income taxes67/77 | - | €109 | €199 | €222 | €236 | ▲ 6.1% |
| Profit (loss) for the period9904 | €109,698 | -€10,608 | -€61,101 | €24,639 | -€95,153 | ▼ 486% |
| Profit (loss) for the period to be appropriated9905 | €109,698 | -€10,608 | -€61,101 | €24,639 | -€95,153 | ▼ 486% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34 | €58,606 | €112,559 | €127,274 | €199,072 | ▲ 56.4% |
| Fixed assets21/28 | - | €4,549 | €6,022 | €9,873 | €17,971 | ▲ 82.0% |
| Tangible fixed assets22/27 | - | €4,339 | €5,812 | €9,663 | €17,761 | ▲ 83.8% |
| Plant, machinery and equipment23 | - | - | - | €9,663 | €17,360 | ▲ 79.7% |
| Furniture and vehicles24 | - | - | - | - | €401 | - |
| Financial fixed assets28 | - | €210 | €210 | €210 | €210 | = |
| Current assets29/58 | €34 | €54,057 | €106,537 | €117,400 | €181,101 | ▲ 54.3% |
| Stocks and contracts in progress3 | - | €7,792 | €7,174 | €7,586 | €11,126 | ▲ 46.7% |
| Stocks30/36 | - | - | - | €7,586 | €11,126 | ▲ 46.7% |
| Amounts receivable within one year40/41 | - | €33,580 | €91,502 | €84,720 | €96,421 | ▲ 13.8% |
| Trade receivables40 | - | - | - | €6,641 | - | - |
| Other amounts receivable41 | - | - | - | €78,079 | €96,421 | ▲ 23.5% |
| Cash at bank and in hand54/58 | €34 | €12,463 | €7,038 | €23,090 | €67,409 | ▲ 192% |
| Deferred charges and accrued income490/1 | - | - | - | €2,004 | €6,145 | ▲ 207% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34 | €58,606 | €112,559 | €127,274 | €199,072 | ▲ 56.4% |
| Equity10/15 | -€46,366 | -€56,974 | -€118,075 | -€93,435 | -€188,588 | ▼ 102% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€64,966 | -€75,574 | -€136,675 | -€112,035 | -€207,188 | ▼ 84.9% |
| Amounts payable17/49 | €46,400 | €115,580 | €230,634 | €220,709 | €387,660 | ▲ 75.6% |
| Amounts payable within one year42/48 | €46,400 | €115,380 | €211,275 | €220,062 | €387,660 | ▲ 76.2% |
| Trade debts44 | - | €46,313 | €109,546 | €59,508 | €149,698 | ▲ 152% |
| Suppliers440/4 | - | - | - | €59,508 | €149,698 | ▲ 152% |
| Taxes, remuneration and social security45 | - | - | - | €160,554 | €237,962 | ▲ 48.2% |
| Taxes450/3 | - | - | - | €51,499 | €47,682 | ▼ 7.4% |
| Remuneration and social security454/9 | - | - | - | €109,055 | €190,280 | ▲ 74.5% |
| Accrued charges and deferred income492/3 | - | - | - | €648 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,698 | -€10,608 | -€61,101 | €24,639 | -€95,153 | ▼ 486% |
| + Depreciation and write-downs630 | - | €1,085 | €1,460 | €1,935 | €4,064 | ▲ 110% |
| Operating cash flow (approximation) | €109,698 | -€9,523 | -€59,641 | €26,574 | -€91,089 | ▼ 443% |
| Investment in fixed assets (approximation) | - | - | -€2,933 | -€5,786 | -€12,162 | ▼ 110% |
| Change in cash | - | €12,430 | -€5,425 | €16,052 | €44,319 | ▲ 176% |
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
2024
08-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 04-03-2024
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 87 days late
2022
31-12
Financial
Weakest financial yearnet -€95,153
Net result drops to -€95,153, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €24,639
Net result €24,639 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Etterbeek · 1 establishment unit since 1997
Ground area
372 m²
Building footprint
236 m²
Volume, LiDAR
2,150 m³
2 parcels, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
165
companies at this address
See who is registered here
1 establishment unit
Shake Hands
since 19972.080.067.208
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0238/00T002 | Brussels | 297 m² | 1 · 173 m² | 12.1 m · 3 fl. |
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | GUILLAUME SNEESSENS RUE SOUVERAINE 95,
1050 IXELLES |
04-03-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Pieters-Woluwe2.080.067.208
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 2,506 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
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.