MAX

Inactive KBO/BCE: BE 0440.120.276

MAX

Follow Report

Overview

Lifetime

9 annual accounts with figures on one time axis, 25 filings since 1990

peak €98,890 (2012)

€28,345▲ 11×

lowest -€66,926 (2007)

-€4,174▲ €98

peak €26,404 (2006)

-€34,377▼ €4,174

€181,809▲ 81.1%

peak 1 FTE (2006)

-not published

Documentsfilings and deeds

30-10-2015filed

2014abbreviated format

Gross margin from €2,558 to €28,345Loss of €4,174Equity from -€30,203 to -€34,377Debts from €100,380 to €181,809Investments €106,814Cash from €1,164 to €1,867

Key points

from the 2014 annual accounts, the last ones filed

Losses

-€8,446 in two years

The 2013 and 2014 financial years closed with a loss. 2013 was the heaviest.

Debts

€181,809 123% of the balance sheet

After one year 52%Within one year 48%

Of this, €86,700 falls due within a year.

Filings

25 annual accounts since 1990

Six of the last ten came late. The 2014 accounts came latest: 91 days after the end of the period.

No score

Recent changes

18-03-2019

Bankruptcy closure (insufficient assets) Enterprise Court of Ghent, Ghent division · judgment of 12-03-2019 · Bankruptcy

30-04-2018

Bankruptcy published Commercial Court of Ghent, Ghent division · judgment of 24-04-2018 · Bankruptcy

28-02-1990

Incorporation 22 publications in the Belgian Official Gazette, the last on 30-04-2018 · Gazette deed

All 30 events

Official details

Source: KBO

Status: Inactivedeed of incorporation of 28-02-1990 · bankruptcy closed on 12-03-2019
Activity: No activity registered in the KBO
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Annual accounts 2014

: €28,345▲ 11×
: ≈ €100,000estimated
: €4,174▼ 2.3%
: -€34,377▼ 13.8%
: €147,432▲ 110%
Filing: Filed on 30-10-2015

Financials

Insights on MAX

Equity fell from €26,404 in 2006 to -€34,377 in 2014, while debts rose from €136,143 to €181,809.

On 24 April 2018 the court declared MAX bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2014

abbreviated format, filed on 30-10-2015, 91 days late

€28,345

▲ 11×

€1,989

▲ €6,243

€22,702

▲ 843%

€16,539

▲ 592%

-23.3%

▲ 19.7 percentage points

0.54

▼ 0.38

Money flows

no detail for 2014

Balance sheet

balance sheet total €147,432 on 31-12-2014

What the company ownsHow it is paid for

in euro

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	147,432	70,177	2,459	40,818	53,294	78,291	121,490	124,793	162,547
`21/28`	100,973	14,872	811	28,494	34,608	43,983	51,066	40,213	44,808
`21`	-	-	-	-	373	386	616	1,553	5,045
`22/27`	100,973	14,872	811	26,790	32,530	41,892	48,745	36,955	38,058
`22`	63,207	-	-	18,683	19,633	20,582	21,532	22,481	23,431
`23`	-	30	61	2,394	2,978	3,784	4,584	5,563	5,076
`24`	37,766	14,842	750	1,919	2,332	3,482	4,209	5,399	5,488
`26`	-	-	-	-	-	2,664	3,247	3,512	4,063
`28`	-	-	-	1,705	1,705	1,705	1,705	1,705	1,705
`29/58`	46,459	55,305	1,648	12,324	18,686	34,307	70,424	84,580	117,739
`3`	-	-	-	11,219	13,667	26,823	55,288	71,425	91,127
`30/36`	-	-	-	11,219	13,667	26,823	55,288	71,425	91,127
`40/41`	44,592	54,141	1,194	703	21	-	3,118	5,719	10
`40`	23,228	54,141	-	-	-	-	2,368	5,719	-
`41`	21,364	-	1,194	703	21	-	750	-	10
`54/58`	1,867	1,164	453	402	4,604	5,806	9,692	6,118	25,098
`490/1`	-	-	-	-	394	1,678	2,326	1,318	1,504
Balance sheet: equity and liabilities
`10/49`	147,432	70,177	2,459	40,818	53,294	78,291	121,490	124,793	162,547
`10/15`	-34,377	-30,203	-25,931	-115,457	-100,433	-87,940	-66,014	-40,522	26,404
`10/11`	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500
`100`	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500	62,500
`13`	-	-	-	-	-	-	132,275	132,942	135,824
`132`	-	-	-	-	-	-	132,275	132,942	135,824
`14`	-96,877	-92,703	-88,431	-177,957	-162,933	-150,440	-260,789	-235,964	-171,920
`17/49`	181,809	100,380	28,390	156,275	153,727	166,231	187,504	165,315	136,143
`17`	95,109	40,000	-	-	28,131	35,518	29,257	22,977	24,878
`170/4`	95,109	40,000	-	-	28,131	35,518	29,257	22,977	24,878
`42/48`	86,700	60,380	28,390	156,275	125,596	130,712	158,247	142,338	111,265
`42`	10,911	-	4,427	28,878	4,307	4,017	3,901	1,696	1,754
`43`	-	-	-	-	4,198	3,658	-	-	-
`430/8`	-	-	-	-	4,198	3,658	-	-	-
`44`	39,634	33,970	-	8,045	18,543	18,928	29,710	26,552	5,778
`440/4`	39,634	33,970	-	8,045	18,543	18,928	29,710	26,552	5,778
`45`	5,681	17	-	-	8,818	2,404	16,892	10,327	2,639
`450/3`	5,681	17	-	-	8,818	2,137	2,947	779	1,326
`454/9`	-	-	-	-	-	267	13,946	9,548	1,314
`47/48`	30,474	26,392	23,963	119,352	89,731	101,705	107,744	103,764	101,093
Income statement
`70`	-	-	3,500	5,702	61,693	119,987	189,060	182,063	111,809
`76A`	-	-	-	-	1,153	-	-	-	-
`9900`	28,345	2,558	98,890	-4,945	721	-7,540	22,949	-19,188	-12,998
`60/61`	-	-	18,602	12,481	60,972	128,528	166,110	201,651	124,807
`62`	194	-	-	-	-	-	34,431	34,485	6,521
`630`	20,713	6,663	7,295	6,236	6,211	8,031	8,202	8,628	8,145
`640/8`	5,449	150	1,494	1,737	1,031	919	1,242	2,468	1,695
`66A`	1,868	-	-	-	2,664	-	891	-	-
`9901`	1,989	-4,254	90,101	-12,918	-6,522	-16,491	-20,926	-64,769	-29,359
`75/76B`	665	-	19	-	-	12	41	24	52
`75`	665	-	19	-	-	12	41	24	52
`65/66B`	3,842	-	594	2,106	4,459	5,447	3,716	2,180	1,434
`65`	3,842	-	594	2,106	4,459	5,447	3,716	2,180	1,434
`9903`	-3,056	-4,254	89,526	-15,024	-12,492	-21,926	-25,492	-66,926	-30,741
`67/77`	1,118	17	-	-	-	-	0	0	2
`9904`	-4,174	-4,272	89,526	-15,024	-12,492	-21,926	-25,492	-66,926	-30,743
`789`	-	-	-	-	-	132,275	667	2,882	-
`9905`	-4,174	-4,272	89,526	-15,024	-12,492	110,349	-24,825	-64,044	-30,743
Appropriation of the result
`9906`	-96,877	-92,703	-88,431	-177,957	-162,933	-150,440	-260,789	-235,964	-171,920
Social balance sheet
`9087`	-	-	-	-	-	-	1	1	1
Hours worked`1013`	-	-	-	-	-	-	1,938	1,938	471
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.

Source: Annual accounts 2014 (PDF), filed on 30-10-2015.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2014	abbreviated format	30-10-2015	2015-66000535	PDF
31-12-2013	abbreviated format	27-08-2014	2014-50800179	PDF
31-12-2012	abbreviated format	28-06-2013	2013-22600566	PDF
31-12-2011	abbreviated format	23-08-2012	2012-43100509	PDF
31-12-2010	abbreviated format	19-08-2011	2011-42100106	PDF
31-12-2009	abbreviated format	13-08-2010	2010-41500121	PDF
31-12-2008	abbreviated format	01-07-2009	2009-35500008	PDF
31-12-2007	abbreviated format	23-06-2008	2008-28300034	PDF
31-12-2006	abbreviated format	15-10-2007	2007-77300175	PDF
31-12-2005	abbreviated format	11-07-2006	2006-43701561	PDF
31-12-2004	abbreviated format	24-10-2005	2005-83303264	PDF
31-12-2003	abbreviated format	20-01-2005	2005-02205111	PDF
31-12-2002	abbreviated format	22-10-2003	2003-75701500	PDF
31-12-2001	abbreviated format	16-12-2002	2002-76803518	PDF
31-12-2000	abbreviated format	21-11-2001	2001-70703603	PDF
31-12-1999	abbreviated format	20-11-2000	2000-72105174	PDF
31-12-1998	abbreviated format	29-07-1999	1999-38103292	PDF
31-12-1997	abbreviated format	09-09-1998	1998-46003815	PDF
31-12-1996	abbreviated format	31-07-1997	1997-35400932	PDF
31-12-1995	abbreviated format	18-07-1996	1996-35004221	PDF
31-12-1994	abbreviated format	18-08-1995	1995-46004620	PDF
31-12-1993	abbreviated format	08-05-1995	1995-07301255	PDF
31-12-1992	abbreviated format	20-05-1994	1994-08902491	PDF
31-12-1991	abbreviated format	27-10-1992	1992-36403015	PDF
31-12-1990	abbreviated format	15-07-1992	1992-22201487	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2014	2013	2012	2011	2010	2009	2008	2007	2006
22,702	2,408	97,396	-6,682	-311	-8,459	-12,724	-56,142	-21,214
16,539	2,391	96,821	-8,789	-6,281	-13,895	-17,290	-58,298	-22,597
113,155	20,724	-20,388	122	-3,164	949	19,945	4,033	14,005
703	711	51	-4,202	-1,202	-3,886	3,574	-18,979	-
-40,241	-5,075	-26,742	-143,951	-106,910	-96,405	-87,823	-57,759	6,474
-	-	-	-	-10.6%	-13.7%	-11.1%	-35.6%	-26.3%
-23.3%	-43.0%	-	-282.9%	-188.4%	-112.3%	-54.3%	-32.5%	16.2%
0.54	0.92	-	0.08	0.15	0.26	0.45	0.59	1.06
0.54	0.92	-	0.01	0.04	0.06	0.10	0.09	0.24
-	-	-	-	-	-	-	-	5.16
-	-	-	-	-	-	-	-	-116.4%
-2.8%	-6.1%	-	-36.8%	-23.4%	-28.0%	-21.0%	-53.6%	-18.9%
-	-	125 days	45 days	0 days	-	5 days	11 days	0 days
-	-	-	235 days	111 days	54 days	65 days	48 days	17 days

EBIT margin. Not meaningful: turnover is only a small part of operating income.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MAX

The operating result for 2014 is a profit of €1,989, after a loss of €4,254 in 2013.

Equity is negative. Debt (€181,809) exceeds the balance-sheet total (€147,432).

Board & ownership

Curator

1 mandate

Mr Aelbrecht Sara

Curator, Beervelde Dorp 70, 9080 Lochristi

from 24-04-2018 to 12-03-2019

Also on 27 other cases

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital: €62,500
Source: 2014 annual accounts

Office holders in the KBO →

Timeline

30 events since 1990

Filings

Financial

Insolvency

19901995200020052010201520202025

2019

18-03-2019

Bankruptcy closure (insufficient assets) Enterprise Court of Ghent, Ghent division · judgment of 12-03-2019

2018

30-04-2018

Bankruptcy published Commercial Court of Ghent, Ghent division · judgment of 24-04-2018

2015

30-10-2015

Annual accounts 2014 filed PDFabbreviated format · 91 days late

2014

27-08-2014

Annual accounts 2013 filed PDFabbreviated format · 27 days late

2013

28-06-2013

Annual accounts 2012 filed PDFabbreviated format · 33 days before the deadline

2012

31-12-2012

Back to profit net €89,526 The net result is €89,526, after 6 loss-making years.

23-08-2012

Annual accounts 2011 filed PDFabbreviated format · 23 days late

2011

19-08-2011

Annual accounts 2010 filed PDFabbreviated format · 19 days late

2010

13-08-2010

Annual accounts 2009 filed PDFabbreviated format · 13 days late

2009

01-07-2009

Annual accounts 2008 filed PDFabbreviated format · 30 days before the deadline

2008

23-06-2008

Annual accounts 2007 filed PDFabbreviated format · 38 days before the deadline

2007

31-12-2007

Weakest financial year net -€66,926 The net result drops to -€66,926, the lowest from 2006 to 2014.

15-10-2007

Annual accounts 2006 filed PDFabbreviated format · 76 days late

2006

11-07-2006

Annual accounts 2005 filed PDFabbreviated format · 20 days before the deadline

2005

24-10-2005

Annual accounts 2004 filed PDFabbreviated format

20-01-2005

Annual accounts 2003 filed PDFabbreviated format

2003

22-10-2003

Annual accounts 2002 filed PDFabbreviated format

2002

16-12-2002

Annual accounts 2001 filed PDFabbreviated format

2001

21-11-2001

Annual accounts 2000 filed PDFabbreviated format

2000

20-11-2000

Annual accounts 1999 filed PDFabbreviated format

1999

29-07-1999

Annual accounts 1998 filed PDFabbreviated format

1998

09-09-1998

Annual accounts 1997 filed PDFabbreviated format

1997

31-07-1997

Annual accounts 1996 filed PDFabbreviated format

1996

18-07-1996

Annual accounts 1995 filed PDFabbreviated format

1995

18-08-1995

Annual accounts 1994 filed PDFabbreviated format

08-05-1995

Annual accounts 1993 filed PDFabbreviated format

1994

20-05-1994

Annual accounts 1992 filed PDFabbreviated format

1992

27-10-1992

Annual accounts 1991 filed PDFabbreviated format

15-07-1992

Annual accounts 1990 filed PDFabbreviated format

1990

28-02-1990

Incorporation 22 publications in the Belgian Official Gazette, the last on 30-04-2018

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

Turnover went from €61,693 in 2010 to €3,500 in 2012.¹ MAX was declared bankrupt on 24 April 2018. The bankruptcy was closed on 12 March 2019.²³

Company details

Inactive

MAX is no longer in the KBO register.

Last annual accounts: financial year to 31 December 2014
Last registered office: Oude Dorpstraat 78, Bus 1, 9120 Vraseneas published on 2 March 2016
Legal form: Public limited company
First annual accounts: financial year 1990

Official KBO record

Overview

Lifetime

Key points

Losses

Debts

Filings

Recent changes

Official details

Annual accounts 2014

Insights on MAX

Financials

Annual accounts 2014

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Insights on MAX

Board & ownership

Curator

Control

Capital

Timeline

Timeline

History

Company details

Inactive

in euro

in euro