MAX BROTHERS
ActiveMAX BROTHERS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135 and a net result of €2k. Equity is growing by ~43.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+52
Solvency25▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.89 against 0.77 in 2024; short-term debt: 99.6% and cash: 20.8% of total assets), and 99.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.4%
Return on assets
5.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-02-2026, 15 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
15 d late
2024
247 d late
2023
22 d late
2022
1 d early
2021
on the day
2020
2 d early
2019
12 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€135
2024 · €-2k
2019: €-27k
2020: €-21k
2021: €-2k
2022: €12k
2023: €18k
2024: €-2k
2019 → 2025
Total assets
€32k▲ 34.5%
2024 · €24k
2019: €24k
2020: €24k
2021: €29k
2022: €41k
2023: €27k
2024: €24k
2019 → 2025
Net result
€2k
2024 · €-19k
2019: €-699
2020: €6k
2021: €19k
2022: €14k
2023: €6k
2024: €-19k
2019 → 2025
Working capital
€-4k▲ 39.2%
2024 · €-6k
2019: €-34k
2020: €-24k
2021: €-7k
2022: €-828
2023: €14k
2024: €-6k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€12k€18k▲ 54.1%€-2k€135
Operating result€20k-€14k▼ 28.1%€1k▼ 92.0%€-15k€3k
Net result€19k-€14k▼ 29.8%€6k▼ 53.8%€-19k€2k
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 2025: €3k after a loss of €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€4k▼ 15.3%
Current assets
€28k▲ 45.8%
Equity and liabilities €32k
Equity
€135
Debt
€32k
Debt finances 99.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€4k▲
2024 · €-14k
Cash flow
€2k▲
2024 · €-19k
Solvency
0.4%▲
2024 · -6.3%
Current ratio
0.89▲
2024 · 0.77
Quick ratio
0.85▲
2024 · 0.72
ROA
5.1%▲
2024 · -81.2%
Interest coverage
3.20▲
2024 · -2.84
Debt
€32k▲
2024 · €25k
Debt ≤ 1 year
€32k▲
2024 · €25k
Income taxes
€177▲
2024 · €132
Staff costs
€27k▲
2024 · €27k
Equity ratios withheld: equity of €135 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€24k€32k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€884€467▼
Furniture and vehicles24€981€723▼
Financial fixed assets28€3k€3k=
Current assets29/58€20k€28k▲
Stocks and contracts in progress3€1k€1k▲
Stocks30/36€1k€1k▲
Amounts receivable within one year40/41€7k€20k▲
Trade receivables40€5k€19k▲
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€10k€7k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€24k€32k▲
Equity10/15€-2k€135▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-16k€-14k▲
Amounts payable17/49€25k€32k▲
Amounts payable within one year42/48€25k€32k▲
Trade debts44€19k€21k▲
Suppliers440/4€19k€21k▲
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€3k€7k▲
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€27k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€676€676=
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A€173€3k▲
Gross operating margin9900€18k€39k▲
Operating profit (loss)9901€-15k€3k▲
Financial income75/76B€806€33▼
Recurring financial income75€806€33▼
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€-19k€2k▲
Income taxes67/77€132€177▲
Profit (loss) for the period9904€-19k€2k▲
Profit (loss) for the period to be appropriated9905€-19k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-14k▲
Profit (loss) brought forward from the previous period14P€4k€-16k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
05-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 247 days late
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2024
30-06
Financial
Weakest financial yearnet €-19k ▼409%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
30-06
Financial
Liquidity triplescurrent ratio 2.67
Current ratio from 0.97 to 2.67; short-term debt falls from €30k to €8k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €19k ▲247%
Operating result €20k, net result €19k, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 12 days late
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Amay · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Gustave Rome(AMA) 74540 AmayGround area
121 m²
Building footprint
80 m²
Volume, LiDAR
952 m³
Parcel 61003B0247/00G003, Wallonia · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BRASSERIE DE LA GARE
since 19952.070.844.486
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61003B0247/00G003 | Wallonia | 121 m² | 1 · 80 m² | 14.0 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAmay2.070.844.486
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-1995
Fiscal year end30-06
Activities, NACEBEL
55301
55401
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:sprl.maxbrothers2023@gmail.com
Phone:+32471488344