Explo Charmax

Active

Private limited companyfounded 2012active for 14 yearsVeldlei 35/3, 2970 Schilde, BelgiumKBO/BCE: BE 0849.530.849

Summary

The computed 12-month bankruptcy probability of Explo Charmax is 2.5% (moderate). The 2025 annual accounts show equity of €192,673 and a net result of -€14,003. Equity is growing by about 8.7% per year across the filed financial years. Its solvency ranks better than 95% of 4,746 sector peers (NACE 56, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

Explo CharmaxActiveChecked score 52/100

Risk analysis Report Compare

Activity

Full-service restaurants

NACE 56111

1 site

Size

€196,069total assets 2025

Equity: €192,673
Loss: -€14,003

Turnover not published (abbreviated or micro format)

Financial health

52 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.5%

Structure

2025 accounts 2 days early3 deeds in the Belgian Official Gazette

Why 52raises risk2 of the last 3 lateLiquidity: current ratio 52.14, cash €462Sector: Food and beverage service activities (NACE 56)Size: total assets €196,069Show the evidence

Checked score

Score 2025

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 51% of its sector peers (NACE 56, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 98.3% of total assets

Liquidity 50+2

short-term debt 1.7% · cash 0.2%

Profitability 20+15

return on assets -7.1%

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,756 companies, NACE 56, micro)

Last 24 months 11-2024: 2.9% 12-2024: 2.9%● unchanged vs 11-2024 01-2025: 3.4%▲ +0.5 percentage points vs 12-2024 02-2025: 3.4%● unchanged vs 01-2025 03-2025: 3.2%▼ -0.2 percentage points vs 02-2025 04-2025: 4.2%▲ +1.0 percentage point vs 03-2025 05-2025: 4.1%▼ -0.1 percentage points vs 04-2025 06-2025: 4.1%● unchanged vs 05-2025 07-2025: 4.2%▲ +0.1 percentage points vs 06-2025 08-2025: 4.2%● unchanged vs 07-2025 09-2025: 4.2%● unchanged vs 08-2025 10-2025: 4.1%▼ -0.1 percentage points vs 09-2025 11-2025: 4.0%▼ -0.1 percentage points vs 10-2025 12-2025: 4.0%● unchanged vs 11-2025 01-2026: 3.9%▼ -0.1 percentage points vs 12-2025 02-2026: 4.4%▲ +0.5 percentage points vs 01-2026highest value 03-2026: 2.5%▼ -1.9 percentage points vs 02-2026 04-2026: 2.5%● unchanged vs 03-2026 05-2026: 2.5%● unchanged vs 04-2026 06-2026: 2.5%● unchanged vs 05-2026 07-2026: 2.6%▲ +0.1 percentage points vs 06-2026 08-2026: 2.6%● unchanged vs 07-2026 09-2026: 2.6%● unchanged vs 08-2026 10-2026: 2.5%▼ -0.1 percentage points vs 09-2026lowest value

Credit of up to €10,000 on 30-day terms is acceptable

Liquidity ample (current ratio 52.14, compared with 6.19 in 2024, above the usual 1.5; short-term debt: 1.7% and cash: 0.2% of total assets), and 1.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 56, micro): better than 94% on solvency, 52% on liquidity, 25% on profitability and 33% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises riskneutral

2 of the last 3 late

NBB · filings

Liquidity: current ratio 52.14, cash €462

NBB · annual accounts

Sector: Food and beverage service activities (NACE 56)

KBO

Size: total assets €196,069

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

18192022232425

2018 to 2025 · latest year -€14,003

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

2 days early

2024

62 days late

2023

86 days late

2022

on the day

2020

31 days late

2019

91 days late

2018

28 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 42 days after the deadline; the sector median (NACE 56) for financial year 2024 is 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 3 March (3 of the last 4 filed years within 33 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end25-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-01-2026 Annual accounts filedfinancial year 2025 · abbreviated…
30-06-2025 Liquidity more than 8 timescurrent ratio 52.14
03-04-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€14,003 View
Positive: Among the best 5% on solvencysector median 29.7% · 4,746 companies 98.3% View
Total assets 20256 financial years filed €196,069 View

By topic

Financials

Financial year: 2025
Total assets: €196,069
Loss: -€14,003
Solvency: 98.3%

Total assets▼ 18.1%

Net result

20182025

Go to Financials

Timeline

Events: 19
Since: 2014
Next accounts: by 31-01-2027

26-04-2024Annual accounts filed
30-06-2023Liquidity more than 6 times
31-01-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Full-service restaurantsNACE 56111
Founded: 11-10-2012
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Explo Charmax

What is the company number of Explo Charmax?: 0849.530.849. In Belgium the VAT number is the company number with BE in front: BE 0849.530.849.
Where is Explo Charmax based?: The registered office is at Veldlei 35/3, 2970 Schilde.Company details
What does Explo Charmax do?: According to the KBO register, the main activity is full-service restaurants (NACE 56111).
What is the legal form of Explo Charmax?: Private limited company (BV).
When was Explo Charmax founded?: On 11-10-2012.
Is Explo Charmax still active?: Yes, Explo Charmax is an active enterprise in the KBO register.
How many employees does Explo Charmax have?: On average 5.9 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of Explo Charmax?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Explo Charmax profitable?: In financial year 2025, Explo Charmax made a loss of €14,003.
Where can I find the annual accounts of Explo Charmax?: Explo Charmax filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Explo Charmax due?: By 31-01-2027, for financial year 2026.Timeline